SharePosts by gwrigh
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Just allow client to set which pairs and risk for each pair... It does only trade one pair at a time in a potential set of 3 trades, correct?
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Comments seem worth considering about removing GBPUSD from the strategy. All 3 of the major drawdowns, Feb 7, May 16, and today, have been GBPUSD. It luckily recovered on Feb 7, and due to Canadian leverage glitch didn't take much of a hit on May 16, but today was a full size -194 pip loss. And yet FxPapa is still +315 pips on GBPUSD overall. It is just a concern that these SL's wipe out 4-6 weeks worth of profits.
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Hi Dave, do you use this EA live and is it private? Thanks.
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7 losing trades on 6/12 for -266 pips or about -$540 on my $10K live account which is trading the same lot size as the master account. This puts the Buy/Long side of the strategy definitely in the unprofitable category so far. Wondering if there is anything you might consider to minimize losses.
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Yeah, I thought that looked wrong. I guess the myfxbook Drawdown tab does not work the way I would like it to (which would be to show the maximum floating drawdown each day for all open trades - and per trade would be awesome - like segmented bars). As it stands, I'm not sure what they're showing. I think their equity graphs must be wrong as well.
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Hi FxPapa,
I think your results are impressive and I am considering joining. I have one question for you first: have you analyzed your floating drawdown for your 1-3 trade baskets? Before your -218 pips loss on May 16, your worst previous drawdown was -124 pips on Feb 7, which came back to profit. But the worst floating DD besides that has been -35 pips on Jan 9. Correct me if I'm wrong - I'm just going off myfxbook data here. Have you considered reducing the -220 collective SL to say -40 pips? If I'm correct, a -40 pip SL would have you at +140 pips compared to now. I think you open up to ......
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It worked as designed - closed the basked at 30% DD - it just hit the unlucky grid basket this time. It is inevitable with this strategy (grid/martingale) - you have to be willing, and capable, to float the insane drawdown - like -2500 pips in this case. The only way not to blow up is to trade very small compared to your account size. Eventually it usually comes back up. Now I wonder if this would work if the money management was changed. He made over 700 pips for end of Feb + Mar, and 400 pips in April; He was at around 200 pips for May before this basket went bad. Before this 30% blowout, th......
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I've monitored feeds and spreads for several different brokers and noticed a real difference in the number of ticks as well as the stability of the spreads. What broker is fxpapa using?
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According to myfxbook Drawdown on Feb. 12 fxpapa hit -124 pips, while the current DD is at -143 (as I write). This is not to be feared if you've planned your risk setting to be XX% of your account at a maximum drawdown of up to -200 pips the way the EA manages up to 3 trades.
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At its worst, FxPapa has only had -124 pips of drawdown, with +967 banked pips. That is awesome. I think I will be joining soon.
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