Tom'sEa WPFX LIVE (by TomsEaWPFXlive) Vienkārša statistika
Lietotājs ir dzēsis šo sistēmu.
Reitings: Full Star Full Star Full Star Empty Star Empty Star
Tom'sEa WPFX LIVE Diskusija
Iepriekšējās 1 .. 4 5 6 7 8 9 10 .. 130 Nākamais
fughe

Biedrs kopš Jan 31, 2011  701 ieraksti Antny (fughe) Nov 20 2011 at 15:43
Hmmm. The version I am currently running is the version I downloaded 2 weeks before they actually made it available for sale. Well, regardless, it seems that there was some funny marketing going on and enough knowledgeable traders complained and so they were forced to change the risk setting. As I have seen, at 10%, the DD is enormous, and without manual intervention, it will wipe out a persons account. At 1%, I would call it reasonable risk.

So....in light of this new information, I still stand by my warning to new traders to learn to trade successfully with a manual system first before attempting to use a martingale system. Then, make sure you are using v1.88 or later. To get a clear image of the risk involved, all you need to do is take my previous set of figures and divide everything by 10.

Make losses, but always come out a winner at the end.
canadianpsycho

Biedrs kopš Aug 23, 2011  12 ieraksti canadianpsycho Nov 20 2011 at 20:56
So far as I know, the EA includes an updater. So long as a trader restarts their trading platform once a week, they should be using the latest version. If a trader is using an automated system and does NOT restart their platform at least once a week, they have other issues in respect to responsibly using automated systems.

fughe

Biedrs kopš Jan 31, 2011  701 ieraksti Antny (fughe) Nov 20 2011 at 21:00 (labots Nov 20 2011 at 21:05 )
I maintain my system personally. I never restart as long as there are no issues. I found out a long time ago that if something is working well, you absolutely do not screw with it. I have had too many updates ruin a good thing. And yes, that does mean my computer is on 24 hours a day 365 days a year.

Make losses, but always come out a winner at the end.
canadianpsycho

Biedrs kopš Aug 23, 2011  12 ieraksti canadianpsycho Nov 20 2011 at 21:16
Terrible. Logs should be regularly deleted, operating system should be updated and restarted regularly. You don't have to update your MT4 build (I personally operate a rather old build) but your operating system should be properly maintained along with your EAs.

fughe

Biedrs kopš Jan 31, 2011  701 ieraksti Antny (fughe) Nov 20 2011 at 23:06
The logs get deleted on a regular basis. The mt4 doesn't crash so it doesn't get updated. The operating system doesn't crash, so it doesn't get updated. I assume you have never updated your operating system and then have it crash on you. I have. That is why I never update unless there have been problems. My system never has errors, is lightning fast, and does not crash. Of course, the computer is exclusively dedicated to running mt4 and nothing else. Plus....I figure I could let the log files build up for quite a long time if I really wanted to....since 1.5TB of hard drive space will hold a lot of log files before starting to slow down. twist

Make losses, but always come out a winner at the end.
canadianpsycho

Biedrs kopš Aug 23, 2011  12 ieraksti canadianpsycho Nov 21 2011 at 00:07
My O/S has never crashed thanks. It runs on a VPS that is dedicated to running instances of MT4. I have my MT4 logs deleted by way of an automated script.

whatever the case, I like keeping things up to date and fresh which is why I restart everything outside of market hours. I think that the benefit of this should be obvious if anyone ran into problems because of using an older version of this EA for instance. whatever the case, if your system has any sort of memory leak, restarting your O/S will help you avoid hiccups because of this if you didn't catch it for some reason.

fughe

Biedrs kopš Jan 31, 2011  701 ieraksti Antny (fughe) Nov 21 2011 at 01:22
Oh I like the idea of deleting the logs with an automated script. Thanks for bringing that up. i may start using that idea myself!grin

I keep tabs on my system constantly. I even have backup emergency power supplies, etc. Since I don't need the speed of a VPS connection, I decided not to pay for one. I do have a VPS for my MDP setup though, which is entirely necessary.

As far as memory leaks, it would take something really nasty to mess up my system. I am running 2 mt4 instances on 8 GB of main ram with an AMD 6core phenom processor. It is extreme overkill, but the system is never pushed under any circumstances....which is what gives me the reliability. Plus, it is better for the internal components of a computer to never restart anymore than necessary. That said....it is a pain in the butt to have to take it a part and clean it while it is running. I don't have to do that hardly ever though since i keep it in a 'clean room'. It is sealed off from most outside air circulation, and has a high grade air filter running constantly, plus it is climate controlled.


Make losses, but always come out a winner at the end.
flopps

Biedrs kopš Apr 22, 2011  42 ieraksti flopps Nov 21 2011 at 12:10
craneliu ...... Thanks for the support. Let me be clear here. I realise the risks involved with a Martingale strategy, however I just don't believe in the value of a demo or small live account test. I'm testing this EA with the same initial deposit, same risk setting as the vendor on a a live account because I want results (good or bad) that I can use to accurately evaluate the EA.

Let me make it perfectly clear to all those reading this post..... never test/invest a system with money you cant afford to loose!!!!

fughe

Biedrs kopš Jan 31, 2011  701 ieraksti Antny (fughe) Nov 21 2011 at 17:13
That is always good advice! Everyone should use that.

Make losses, but always come out a winner at the end.
tradingshed

Biedrs kopš Nov 06, 2011  181 ieraksti tradingshed Nov 21 2011 at 20:11
Thanks for all the interesting posts, I am definitely learning a few bits. smiley

The reason I posted in the first place was because I felt that in general the scary comments and the large numbers thrown around would probably put off a few newcomers without need for it. I say this because I am a newcomer to the automated side of trading and was not very lucky with finding quality reviews (maybe looking in the wrong places)

Still a bit disapponted that the vendors are not participating or making their open trades public. I am glad a few users have made their account public, I am tracking a few Tom's EA users. I figure by monitoring several accounts, I can get a feel for performance. I was reading fughe's post on his position sizing and I was a bit surprised (maybe I did not get something)


   fughe posted:
To make this simple, I am going to use the actual trades placed in the EURUSD. Here are the trades:
#1- 0.4 lot @1.3779
#2- 0.4 lot @1.3718
#3- 0.4 lot @1.3667
#4- 1.30 lot @ 1.3612
#5- 2.50 lot @1.3558
#6- 3.80 lot @1.3495

I am not sure how you come to this numbers, could you explain? they are rather scary! My account (5k account, risk level 2, 3 pairs) during the same period would have done:
#1- 0.01 lot @1.3779
#2- 0.01 lot @1.3718
#3- 0.01 lot @1.3667
#4- 0.02 lot @ 1.3612
#5- 0.04 lot @1.3558
#6- 0.06 lot @1.3495
It would appear that you were running a mini account, not micro. Is that right? The position sizing you are quoting here is 40 times higher than mine


 fughe posted:
Here is what the stats would be at the stop(to keep it simple we assume 1 pip @ 0.1 lot is $1):
#1- 0.4 lots @ -600pips= -$2400
#2- 0.4 lots @ -539pips= -$2156
#3- 0.4 lots @ -488pips= -$1952
#4- 1.3 lots @ -433pips= -$5692
#5- 2.5 lots @ -379pips= -$9475
#6- 3.8 lots @ -316pips= -$12008
This leaves with a sum total loss of......-$33683.

(...) At this point everyone should be seeing that we are in a margin call situation LONG before we get anywhere near the -600 pip stoploss. This is for ONE pair on MINIMUM risk. This happened in 3 days (Sept 10th and 11th were the weekend). I am not using a theoretical price action here, I used a real life, the-market-actually-did-this-in-the-real-world, event.



With my size lots, the DD I would get would be £527.40, which is around 11% give or take. Perfectly acceptable, expecially given the circumstances, I guess. I put in brackets what DD I would encountered with mine. Perhaps is the version (1.88) or perhaps is something else but the difference seems huge.

#1- 0.4 lots @ -600pips= -$2400 (£60.00)
#2- 0.4 lots @ -539pips= -$2156 (£53.90)
#3- 0.4 lots @ -488pips= -$1952 (£48.80)
#4- 1.3 lots @ -433pips= -$5692 (£86.60)
#5- 2.5 lots @ -379pips= -$9475 (£151.60)
#6- 3.8 lots @ -316pips= -$12008 (£126.40)
This leaves with a sum total loss of......-$33683. (£527.40)


 fughe posted:
So....in light of this new information, I still stand by my warning to new traders to learn to trade successfully with a manual system first before attempting to use a martingale system. Then, make sure you are using v1.88 or later. To get a clear image of the risk involved, all you need to do is take my previous set of figures and divide everything by 10.


It would appear to me I have to divide by 40 (or with a 10k account, by 20).

Perhaps I am not getting it but I fail to see how an EA like this, which keeps moving the TP closer to current price, is able to hedge, takes profits quickly and trades minuscule sizes can blow your account, provided it is regularly monitored , there is enough capital, runs 24/5 and strict rules are set. Personally, I do not use Martingale strategies in manual trading, but my sizes are bigger there. Could not possibly do that. In automation though it seems reasonable to me.

Thanks

Iepriekšējās 1 .. 4 5 6 7 8 9 10 .. 130 Nākamais
Corporate Service Price (YoY) (20h 55min)
ECB faces test of its own as Europe brac...(54 min ago)
EURUSD 1.26681 GBPUSD 1.60826
USDJPY 108.143 USDCAD 1.12402
FxPro
Tools Kopiena Apskats Platforma Uzņēmums Atbalsts
Ekonomisko notikumu kalendārs Kopiena Brokeri Logrīki Par BUJ
Forex Market Sistēmas Padomnieki (Expert Advisors) Funkcijas Blogs Palīdzība
Forex Volatility Most Popular Systems Signālu provaiders API Twitter Kontaktēties ar mums
Forex Correlation Stratēģijas VPS Services Mobile Facebook Ziņotas par kļūdu!
Forex Broker Spreads Konkursi EA Programming Tulkojumi    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Komunikācijas apskats Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data          
Liquidity          
Forex Calculators New          

Download Myfxbook Android App
Lapas karte  |   Terms & Conditions  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.