hokie's Posts | Myfxbook

AddOn Banana + BlueMonkeyEA in Trading Systems Mar 11, 2015 at 09:32

@Davey thanks so much for the great info. It's very helpful.The reason I was asking you about the pairs that don't work with BMEA was because I wanted to compare notes as I think GBP/AUD is not managed by BMEA too, like the JPY crosses. But your 2 pairs are different. It will be interesting to see how your new strategy will pan out in a few weeks. Good luck, man!In the meantime, enjoy your trip to Fiji !!

AddOn Banana + BlueMonkeyEA in Trading Systems Mar 10, 2015 at 11:08

@Davey What are the two more pairs that didn't work beside JPY? Also, would you share which six pairs you're trading in your real account?

AddOn Banana + BlueMonkeyEA in Trading Systems Mar 08, 2015 at 17:41

@maiamrn Thanks for the response. Just to make sure when you said "I *hardly* recommend to let it ON" above, did you really mean that, or you meant to say "I highly recommend to let it ON" ? Regarding the choice of 4 pairs this week, is this only for this week, or you're going to use the same 4 pairs only going forward? Any particular reason why you used only 4 pairs this week, and not a dozen or so as you recommended (more diversified, to reduce risk) a few weeks ago?

AddOn Banana + BlueMonkeyEA in Trading Systems Mar 07, 2015 at 11:46

@gorydan and @Marketorder , thanks for the comments. I knew I was not alone with the problem this week as my other BMEA account with manual entry took a beating too. I remember a few months back someone in the BMEA forum said that if we know the trend, we'll master the trade, and someone else replied that the problem is not about not knowing the trend, but knowing when the trend ends and reverses, that what will make you the master of the trade. The Banana is doing exactly what it was designed for, it was initiating a position only with a trend, but then the trend reversed sharply, causing...

AddOn Banana + BlueMonkeyEA in Trading Systems Mar 07, 2015 at 03:46

This is the second week of using Banana v1.2. As I indicated in previous message, for this week I turned off the 'amortization algorithm' and the 'reverse when the daily trend change' settings to match more closely to the master (real-deal) account. My expectation with this kind of settings was the balance would grow steadily as the two factors that could potentially eat up profit above have been turned off. The first two days, the account did just that, it grew 20% in balance. However, into the third day, things started to change drastically. I got hit with 30% stop loss multi...

AddOn Banana + BlueMonkeyEA in Trading Systems Mar 01, 2015 at 18:00

One week with Banana Add-on v1.2, and my demo account balance was up 10+%. While it is not bad achievement by all standard, one interesting thing have caught my attention: The 10% gain was attained at the end of the week after quite a bumpy ride on the account balance. For example, one day the profit might go up by 5%, the next day the system took small losses and the profit went back down to 2%. The next day it went up again and so on.. I think this is the expected behavior of v1.2 that incorporated amortization as well as "Close at daily reversal" being turned on. We're expecte...

AddOn Banana + BlueMonkeyEA in Trading Systems Feb 21, 2015 at 08:32

@maiamrn, thanks again for the generous gift of v1.2. I'm going to give it a try on my new demo account and report the results here.Btw, does this version also have expiration date as v1.1.?

Banana System (real deal) in Trading Systems Feb 14, 2015 at 03:08

Great!! But even the current banana 1.1 version is spectacular already. In 2 weeks putting this EA into action on my demo account, the initial current balance of $5200 has already "exploded" to $10488, and with the current Floating loss around -$2236, leaving the equity around $8252. Not bad at all...

Banana System (real deal) in Trading Systems Feb 13, 2015 at 01:51

@maiamrn, I think this one is still the Banana add-on v1.1 (not the new 1.2) but with low risk settings, correct?

AddOn Banana + BlueMonkeyEA in Trading Systems Feb 12, 2015 at 08:30

Way to go.. I can't wait to give it a try!

AddOn Banana + BlueMonkeyEA in Trading Systems Feb 07, 2015 at 03:06

@maiamrn so sorry to see your demo account plummeting this week erasing all the gains, but just want to give you a little encouragement before you're thinking of dumping the Banana add-on (I hope not), that for the past 1 week I put the banana add-on into action in my demo account, the account has survived this brutal week with a nice profit. It started the week with around $5200, and as of now (end of week) the account balance has grown to $6600 and the floating loss around -$800, leaving the equity around $5800... so it's not bad at all. I think the only major different between our s...

AddOn Banana + BlueMonkeyEA in Trading Systems Feb 03, 2015 at 02:04

@maiamrn, Wow... thanks a lot for your generosity... never thought you would share this add-on with us for free and not keep us drooling with your profit, he..he.. Btw, you listed 6 crosses traded: EURUSD, EURGBP, USDCAD, GBPUSD, NZDUSD, NZDCADBut this doesn't mean the banana won't work with other pairs, like AUDUSD, GBPAUD etc, correct? (as long as it's not JPY cross)?Thanks again man... you rock!

AddOn Banana + BlueMonkeyEA in Trading Systems Jan 30, 2015 at 06:40

I found the same thing, it looks like the BMEA doesn't manage any JPY cross, including USDJPY and EURJPY.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 23, 2015 at 07:36

Today I'm experimenting with other pairs such as USDCAD and USDJPY with success :-)@Davey, a script is only meant to be run only once only, but if you want the action to be repeated, you'll need to write an EA. This new EA will be attached to a second screen of the pair you're trading on. For example if you trade EURUSD, open two screens for this pair, attach the BMEA on one screen, and your EA on the other screen.They will work together if you set both EA to the same magic number.Your EA will open new basket/position only, after which the BMEA will take over to manage and close th...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 22, 2015 at 07:27

Thanks for the confirmation.That's true with the script we'll have to open a new basket every time the previous one is closed.I'm thinking of maybe one day writing a simple EA that will only open a new basket with the same magic number as the BMEA, so once the basket is open, the BMEA will take over to manage and close it.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 22, 2015 at 04:10

Another 2.5% profit since yesterday after resuscitating BMEA from death :-)

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 21, 2015 at 20:43

I'll be darned... after opening the trade manually with the script on the GBPUSD last night, I actually saw a new position opened by the EA this afternoon. Do you also see it on your account on GBPUSD (not just the UC, but the GU as well)? If so, then we can confirm that the script trick indeed works! Please confirm @jhnnavoigh

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 21, 2015 at 11:47

Maybe I spoke too soon, with the script above a new trade will be initiated and you can see it on your chart, but the EA doesn't seem to manage it (no new positions being added). Sorry guys...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 21, 2015 at 03:21

The BMEA is not a trade copier, but it's more like a hybrid, it has its own logic running locally on our VPS/PC to manage the positions (add and close positions), but it requires a signal from the server to initiate a new batch.Luckily, with the script I mentioned in previous email, we would be able to initiate a new batch ourselves without relying on the signal from the server anymore.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 21, 2015 at 03:11

What a brilliant idea!! I tried it and it worked!! The EA is opening a new trade using the script that I downloaded for free from https://www.mql5.com/en/code/9673Download the OpenOrder_EN.mq4Read the instruction on the website, it's pretty straightforward.I think with this ability to initiate a new trade/batch, the EA is even more powerful than ever because you won't rely on the server anymore. Of course now you're completely on your own with your trades. You can even open 2, 3 or 4 batches across different pairs at the same time. And nothing can stop you from trading on other pai...

EURUSD	1.07686	GBPUSD	1.25562	AUDUSD	0.6629
USDJPY	154.473	USDCAD	1.3669	USDCHF	0.9069

Posts by hokie