bendex77's Posts | Myfxbook

C7 Channel Breaks, PAM bots, 2222scalpers (2xRisk) in Trading Systems Apr 07, 2015 at 14:05

Well, some of the slippage was refunded by Tickmill. Too bad the correction must appear as a deposit in to the account instead of correcting the equity gains/losses of the account.'We totally understand your concern regarding USD/JPY slippage. Being an STP broker we just clear our client's trades and re-translate quotes we get from Citi and other liquidity providers. Orders on the real market are always executed by current market prices, that's why slippage may occur during sharp movements.Friday 03.04.15 was a holiday, the liquidity on that day was on the extremely low level and d...

Shmendridge-C7 plus 2222Scalpers (6xRisk) in Trading Systems Apr 06, 2015 at 18:57

Well, some of the slippage was refunded by Tickmill. Too bad the correction must appear as a deposit in to the account instead of correcting the equity gains/losses of the account."We totally understand your concern regarding USD/JPY slippage. Being an STP broker we just clear our client's trades and re-translate quotes we get from Citi and other liquidity providers. Orders on the real market are always executed by current market prices, that's why slippage may occur during sharp movements.Friday 03.04.15 was a holiday, the liquidity on that day was on the extremely low level and ...

C7 Channel Breaks, PAM bots, 2222scalpers (2xRisk) in Trading Systems Apr 04, 2015 at 19:45

29298736- Massive Slippage during low liquidity period. (C7 trade) The spread widened to 9 pips, but not quite enough to trigger the low liquidity safety off (10 pips). Most C7 owners did not get hit by this trade as the spread of other brokers widened more which triggered their safety off. The setting of this safety measure has been adjusted to 5 pips as well as a secondary measure coded in to the C7 engine which will react swiftly against any spread volatility regardless of whether its a new bar or not. I will not open a new account for the C7 systems as I feel that would be dishonest.

Shmendridge-C7 plus 2222Scalpers (6xRisk) in Trading Systems Apr 04, 2015 at 19:40

29298735 - Massive Slippage during low liquidity period. The spread widened to 9 pips, but not quite enough to trigger the low liquidity safety off (10 pips). The setting of this safety measure has been adjusted to 5 pips as well as a secondary measure coded in to the C7 engine which will react swiftly against any spread volatility regardless of whether its a new bar or not. Most C7 owners did not get hit by this trade as the spread of other brokers widened more which triggered their safety.I will not open a new account for the C7 system as I feel that would be dishonest.

C7 Channel Breaks, PAM bots, 2222scalpers (2xRisk) in Trading Systems Mar 25, 2015 at 00:23

I suppose I should also post here, as per the new title of this system. PAM bots have all been added to this account earlier this month as well as the C7. The PAM Carrot is right here and it's free:https://www.mql5.com/en/market/product/8052https://www.mql5.com/en/market/product/7942

C7 Channel Breaks, PAM bots, 2222scalpers (2xRisk) in Trading Systems Mar 25, 2015 at 00:03

According to Tickmill support, this turned out to be my ea placing an order right at the "moment of swap calculation" so I have added error checking for this now.

Shmendridge-C7 plus 2222Scalpers (6xRisk) in Trading Systems Mar 25, 2015 at 00:01

So, this week my VPS froze up and left the orders unmanaged and escentialy we took some random trades this week hurray! I have a ticket open with support, in the meantime I have moved my ea back to my local computer.

Shmendridge PAM demo(2xRisk) in Trading Systems Mar 24, 2015 at 23:42

There was not a 20% open trade drawdown at the beginning of this account as shown here in myfxbook. PAM bots use fairly tight sl and 5x or more bigger tp. I dont have the password for this account anymore and just use the ea to publish these results. fxblue shows this account properly:http://www.fxblue.com/users/shmen-pam-demo

C7 Channel Breaks, PAM bots, 2222scalpers (2xRisk) in Trading Systems Mar 19, 2015 at 11:39

Two pending orders today with "market closed" errors from broker that would have been triggered. Still haven't heard back from tickmill support. The trades were taken fine in the PAM bot account though (which is also on tickmill and also on the same vps with the same ea...):http://www.myfxbook.com/members/bendex77/shmendridge-pam-real/1191303tickets 28671597 and 28671599 on the Shmendridge-Pam-Real account that should've been mirrored on this account....

Martingale vs Non Martingale simplified mathematic comparison. in New Traders Feb 17, 2015 at 02:51

ty MOMAFOREX.......But is it really dangerous if we know we have an edge? Let's compare two strategies with equal EV. We will use the last Martingale table and compare it to a NON martingale strategy of equal EV to compare risk.Non Martingale 1.57% risksum “L” first trade bal “L” 2nd bal “L” fin bal-0.19 -0.06 3.94 -0.06 3.88 -0.06 3.81“W” “L” “L” -0.03 0.09 4.09 -0.06 4.03 -0.06 3.97“L” “W” “L” -0.03 -0.06 3.94 0.09 4.03 -0.06 3.97“W” “W” “L” 0.12...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 12, 2015 at 12:34

And ruin is -64 NOT 1.23. (Risk of Ruin 1.23%)

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 12, 2015 at 12:18

So, that's why the correct mathematical answer to OP's question is: Set your Martingale Multiplier as close to 1 as possible (turning martingale off is best.) assuming you're going for maximum profitability for a given risk of ruin.

Martingale vs Non Martingale simplified mathematic comparison. in New Traders Feb 12, 2015 at 12:04

The Illusion of ProfitSo, it's not a death sentence though, what's all this hype about how dangerous Martingale is? Well, something else we see is that Martingale has a disproportionate amount of winning runs vs losing runs. Adding to equity on each loser significantly increases the chance that any end trade will end in a profitable account, but that doesn't mean it's more profitable, it's not, the EV of Martingale is always lower. It does mean that effectively draw-downs are made less likely usually delaying them but also increasing them. A much larger sample size will be...

Martingale vs Non Martingale simplified mathematic comparison. in New Traders Feb 11, 2015 at 06:54

Martingale: The gambler doubles his bet after every loss...Martingale vs. Non Martingale (Simplified RoR vs Profit in 3 trade runs with all possibilities worked out)Lets take a very small run and calculate all possibilities. We will start with 4 units to risk over 3 trades with 8 possible total outcomes all worked out to provide an over all EV of 3 trades. The system has a 50% chance of winning and wins 1.1x risk when it wins. Lets define Risk of Ruin as losing 75% of the 4 unit start account. Of course we don't normally only make 3 trades and risk such a high proportion of our risk capito...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 10, 2015 at 22:08

Oops, that title of the last set should read *Flat Risk (Lot 16,RoR 1.23)

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 10, 2015 at 22:04

Nope, even if we add "more sides to the coin" the math will always show any increase of bet size after each loss always reduces the profit to RoR ratio. Here's an example with more sides to the coin and probability of each outcome is now included:Win=66.666%R:R=1:1ruin=1.23%RoR=1.23Fibbanacci Recovery System (startlot 8, RoR 1.23%) EV “L” “L” “L” “L” Chance 1 trade sum -0.79 -8.00 -16.00 -16.00 -24.00 1.23% -64 “W” “L” “L” “L” -0.79 8.00 -8.00 -16.00 -16.00 2.47% -32 “L&rdquo...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 10, 2015 at 12:23

This is all true but I have demonstrated that any recovery system sacrifices profitability when compared to a non recovery system of equal RoR. In return you get an increased chance of any 1 given trade in a series to land at a balance which is higher than or equal to the starting balance. Perhaps this has some psychological value? If you want highest profitability for a given RoR though, turn your recovery systems off.

Martingale vs. Non Martingale (Simplified RoR vs Profit and the Illusions) in Experienced Traders Feb 09, 2015 at 16:12

Martingale: The gambler doubles his bet after every loss...There are a few complicated Martingale math papers floating around and even those are mostly about roulette but I thought of a way to make a really simple math based presentation.First of all I am assuming the goal is to make as much profit as possible from a given risk.Lets take a very small run and calculate all possibilities. We will start with 4 units to risk over 2 trades with 4 possible total outcomes. The system has a 50% chance of winning and wins 1.1x risk when it wins. Lets define Risk of Ruin as losing 75% of the 4 unit star...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 09, 2015 at 07:49

StartAccount=1000Ruin=-64RoR=6.25%Win Rate= 50%R:R= 1:1.5Fibonacci Recovery System (start lot=8 RoR=6.25%) sum “L” “L” “L” “L” -64.00 -8.00 -16.00 -16.00 -24.00 “W” “L” “L” “L” -28.00 12.00 -8.00 -16.00 -16.00 “L” “W” “L” “L” -8.00 -8.00 24.00 -8.00 -16.00 “W” “W” “L” “L” 0.00 12.00 12.00 -8.00 -16.00 “L” “L” “W” “L” -8.00 -8.00 -16.00 24.00 -8.00 &ldqu...

What's the best way to trade Martingale Forex Trading in Experienced Traders Feb 09, 2015 at 07:45

Yes because 1,1,2,3,5,8 is so much harder to understand than 1,2,4,8,16? Post what 5 losses in a row looks like (is it -1x,-1x,-2x,-3x,-5x or -1x,-2x,-2x,-3x,-4x,-6x?) and I'll show you how you can either have the same RoR with higher profitability or same profitability with lower RoR by choosing to risk a percentage of your account on each trade instead.

USDCAD	1.3758	USDJPY	157.772	GBPUSD	1.24913	EURUSD	1.06836	GBPJPY	197.075
EURGBP	0.85526	EURCHF	0.98228	EURJPY	168.588	USDCHF	0.91937	AUDUSD	0.6487

Posts by bendex77