I'm struggling to work out whats worse of late, waking up to a bad hangover or looking at our 10k live account. Good thing I don't drink or I'd be copping a double whammy of late.
Upon further review though I can say that if we hadn't of run the the EURJPY pair our account would be ahead now, instead of behind. So with that I'll be discontinuing the EURJPY and I suggest that all users do the same for now (if you haven't already). Its the most frequently trading pairs which suggest the entry criteria is not strict enough. That pair copped some substantial slippage, too, although this looks to be something to do with a 4 core VPS experiment because we've not seen such slippage elsewhere and the last set of trades on our now preferred VPS hardly slipped at all (albeit they were losers).
Profitable pairs and moving forward
If you click on the 'trades' tab in 'Advanced Statistics' section on the myfxbook link you will see that the system has been profitable over the 4 remaining pairs (with the USDJPY and GBPUSD pair being the standouts so far), albeit it is need of a sharpen up. As mentioned previous Ive some new functionality I'm bringing forward, but its not something I can pass over to you all, yet. In the meantime I'll be making following changes to our settings with current version of the EA:
1) Stop loss on all pairs will be reduced by 1-2 pips, depending on the pair. (to lessen the size of the losers without overly compromising win%)
2) The favourable move required will be reduced from up to 4 pips, to just 2 pips on all pairs. (to increase the chance of a winning trade)
If we'd commenced without the EURJPY and tightened on up on all our tolerances then the picture would be quite different today, versus the one we face. Anyways we can but learn apply and move forward.
New functionality completed
Ive the code now for the first of new functionality changes which involves a progressively reducing stop loss as price moves into favour of the trade (currently no trailing occurs until the price has move a certain minimum distance). This will at least reduce the size of loser should market not move into favour of trades sufficiently enough to engage the trailing stop loss and in backtesting it has a positive affect. I expect we should be able to integrate this functionality for you this week - its just a subtle change so doesn't detract too far from the current system - but we expect to find a compromise that will work in our favour.
Next off the blocks (expected this week also) are these functionalities. They are the type of functions that don't make any difference on a backtester but are concepts that Ive concluded by observation would make the EA more robust in a real money environment than it currently is. These functions would have significantly lessened the impact of the 2 losing days last week.
1) Slip on entry functionality (when EA measures slip when entering and the order becoming live, it will compensate to lock in profit and trail sooner)
2) Slip filter (when EA measures excessive slip it will step aside and not trade for a period)
Guardian DDOS clarification
The issue of Guardian being DDos attacked doesn't actually affect NMi SS EA users other than if you're restarting your MT4 or fiddling with charts and applying the EA etc. Guardian could be down for days (usually its no longer than a matter of hrs) but even this wouldn't affect the EA provided you don't restart the MT4 or otherwise fiddle.
This issue aside we don't actually have any outstanding Guardian support issues that we are aware off.
We are still 100% committed and are working hard to advance the design, the advancements made this week will be available as Monday next week to be sure we can test them sufficiently enough to be confident to supply to our clients. We think a slightly revised setup on the current build 9 version with smaller stop stop loss and swifter trail should bring about an improvement and that we will be implementing today.
Of course the refund option still exist for those of you who'd like to bow out now, I understand its been a tough road to travel so far. All you need to do is ask us by email - no need to raise a dispute with paypal (as some have done) because we will not dispute any refund request. You ask, you get.
Our website and support will be experiencing some downtime this week as we makes some changes, so don't be concerned if our website is not available from time to time. I went to post this update and answer a question I'd received to our email there myself today, only to see its down. I know our web man has been working long hours to do the required.
Ive a suggestion for those pondering their choices at this junction. As it happens FXPIG themselves also offer a managed account with an in house EA system that currently running rings around the Super Scalper (but the EA they use is not for sale) and it has a low minimum entry of USD2k. It's performance speaks for itself and you've got a very good chance at making some $$ with it:http://nmi.fxpig.com/index-page=DOOR.aspx.html
Thanks sincerely to those staying the path with us, your support is appreciated and its my objective to see that your loyalty is rewarded in any way that I can facilitate it. On that note I'll leave you and will get back to it.
New Millennium Inc
Forex & Commodity Trading Serviceswww.new-millenniuminc.com