Well, my issue is, I can't rationalize doing that when i have automated systems that give a better return with less risk. And I doubly can't rationalize doing that when I have manual systems that have track records over extended periods of time that make 2%-10% a day without excessive risk. Take my current system for example. On a 10K account using a single mini lot for each position, It gives a return of 30%-40% a month. Drawdowns are completely buried in the profit to the point of being inconsequential. Today is a perfect example. i saw 30 trade setups across 20 currency pairs. 4 of those were losers. Granted, several of the setups in the search would have been ignored due to my non-scalping policy. But even if half those trades are ignored, going by the avg...that still puts it at over 1000 pips today. But anyway....talking about other systems is a bit off topic, so I will leave it at that.

   fughe posted:
   Well, my issue is, I can't rationalize doing that when i have automated systems that give a better return with less risk. And I doubly can't rationalize doing that when I have manual systems that have track records over extended periods of time that make 2%-10% a day without excessive risk. Take my current system for example. On a 10K account using a single mini lot for each position, It gives a return of 30%-40% a month. Drawdowns are completely buried in the profit to the point of being inconsequential. Today is a perfect example. i saw 30 trade setups across 20 currency pairs. 4 of those were losers. Granted, several of the setups in the search would have been ignored due to my non-scalping policy. But even if half those trades are ignored, going by the avg...that still puts it at over 1000 pips today. But anyway....talking about other systems is a bit off topic, so I will leave it at that.


Have interst to your EA, but need long time to prove. this is not only related to the EA strategy, but also the market volatility.

Wow, 1000 pips per day with low DD. You definitely are out of my league.
Craneliu, I know lots people hate add on loser which is concept brain washed by mainstream guru. Who is buying when you are selling? How those smart money make money while most individuals lose? Have option selling have same equity curve as Tomsea?
ss

I don't know of any system that makes a 1000 pips a day with low DD. And if you are referring to my system, I never even implied that it makes 1000 pips a day. Matter of fact, my system is not a scalper. It would have to be to trade enough to get 1000 pips every day. My system trades maybe 5 times a month on each currency pair it is running on. Sometimes, you get lucky and it gets several trades across the 20 currency pairs in one day. Which is what happened last Friday. It may not trade at all for another week or two. And it might catch only one trade ever day for the next 3 months. Or every other day. Please don't read anything into my statements like 'my system make 1000 pips a day'. To the best of my knowledge, that is impossible.

   drsong123 posted:
   Hi, Fughe
Very nice stat for your system. If you can automate it and show for long period time it still maintain them, you get winner. Currently with interest rate less 1% per YEAR, Tomsea will give you month to month 2-4% without spend any of your time (time is money), what is wrong to add it to be part of your income generator? Traders got into trouble with Tomsea is because they use higher risk level trying to achieve higher return per month. This EA definitely will not get you rich in very short period of time. For 4% monthly return, it will take 10 years to turn 10k into 1 million.
ss


Hey drsong123,

I respectfully disagree with your attitude. I think it is abundantly clear that Tom will blow out any account eventually, regardless of the risk settings. It's logic is fundamentally flawed, IMHO, and it will keep taking more and more trades in the wrong direction until you go broke.