willgart's Posts - Page 2

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 21, 2015 at 11:52

the script just open an order with a specific magic number which must be the same as the magic number of BM EA (but the script doesn't contains any BM trade logic in it!). it can be executed in any chart, but must be the target currency (to trade eurusd, run the script on an eurusd chart). you have to use it to initiate any new batch. so when a batch is closed, you have to run the script again.but ... apparently you don't know how a script and an EA works, so I strongly recommends that you do nothing!!!! because the script open a trade based on YOUR sentiment on YOUR signal. so you hav...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 14, 2015 at 23:00

what is missing is to have the EA published on different accounts (at least on demo accounts) 1 per pairto see how each pair performs alone.also this help the customer to see some month of activity on a new release before getting the new version.the customer should be tester for an EA...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 14, 2015 at 22:57

no, the EA just don't open trades any new pairs if there is already a trade in progress.like currently eurgbp is active, so don't expect trades in eurusd... this Is how a martingale system make the account surviving longer periods :)which is bad, because maybe other currencies may generate profit while the eurgbp batch is in trouble... having all the pairs at the same time with lower lot size could produce better results... don't know.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 14, 2015 at 12:37

did you check your MT4 log files?did you see any error?

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 10, 2015 at 13:13

no, the ea now supports some retry when a close trade command is executed.but the current batches will not be closed, there is no force close.you can close the batch manually if you want or wait that the EA detect a new close signal and close the batch for you.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Jan 08, 2015 at 18:41

at least, the MT4 logs must be scanned to identify why the trades were not closed.if its not an ECN account, the broker may cancel the order if there is too many slippage.so change the slippage parameter of the orderclose command.I'm using this:https://github.com/keyguy/TradersTech/there is an orderclosereliable function which works perfectly for any broker...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 30, 2014 at 22:32

so how millions pips did you made by finding the right trend in 1 second no matter the time frame? :)did you follow a MA 3, MA 14, MA 50, MA 200? does the trend is M1 or D1? there is trends everywhere!!!! based on each person on each indicator etc...does the expected target of this trend is 1 pip or 100pips? what's the SL you recommend... in case the trend is finally not the trend? :)and if you can find the trend, when did you identify the trend is over? because we are still in a trend when we are at the top of a trend, just before a big reversal... the trend is not enough... you have to k...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 30, 2014 at 12:58

again again again...if you know the trend you rocks! you are the master!so can you share your strategy? how did you know the trend?

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 30, 2014 at 00:09

no, I still don't trust them.but we'll see how the result will be compared to what's really occurred.does the EA will handle the 30% DD as we saw in the real life? and what will be the calculated DD by MT4? (remember, mt4 calculate it when a trade is closed, which was the case during this big buy batch)its a great test to see the difference between the back test and the real life...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 29, 2014 at 23:51

they don't close them???wow.certainly due to the very low volatility.there is no demands accepting your orders...I can see no move for minutes for multiple currencies in the past days.will you publish new back tests based on your updated version?

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 29, 2014 at 23:15

finally the trades has been closed... -60% so the idea of closing the trades by batch to not get a 30% DD doesn't works. and instead of loosing 30%... about 70% to 80% lost.or does the account got a margin call?but no so bad, the account has 88% profit in 3 months!so if the next 3 months are following the same pattern, we can expect an additional 100% profit...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 29, 2014 at 19:43

NEVER trust any MT4 back test DD.the DD is calculated ONLY when a trade is closed and you till have trades opened.MT4 don't calculates the floating DD.check the MT4 published statement here:http://statements.forexpeacearmy.com/blue_monkey_real/statement_new.htmthe DD is more than 50% but MT4 calculates a DD of 9.9% only!!!you see the difference? 50% versus 10%?so a back test with 57% of DD means what? 250% of real DD... so a margin call?its also why a lot of persons are surprised to see that a martingale system kill their accounts so quickly... because the back test provides false expectat...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 29, 2014 at 19:05

no, I check it for now to see how the EA really works before getting a decision.a 50% DD while supposed to be limited to 30%... what's the next surprise? :)I'll certainly get Rev Trader Pro which appear to be safer... or dinamix pro (low stop loss, but no enough history)

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 29, 2014 at 18:24

more than 50% of DDwhen the EA is supposed to close its batch of trades?I understand the step closing system... but more than 50% of DD... its far away from 30%...

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 26, 2014 at 13:31

the market was closed for this broker. check the forexpeacearmy published account. the information is updated every 30min, yesterday the open trades doesn't got any change and any move because the broker was closed.but yes... the DD is higher than 30%, no more trade closed.I hope the up trend will not be too big... else we'll see the same DD for a batch of sell trades soon...Christmas vacations is never a good time to trade.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 24, 2014 at 13:07

its correct, we understand this.but if the signal continues to go in the wrong direction... you just make the lost worst and worst... instead of accepting a "small" 30% you can have more than 30% of lost at the end...well...like we said in forex, the exit is more difficult to find than the entry point :)

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 23, 2014 at 18:10

its now 42% of DD on the forexpeacearmy site... no more trade closed for now...(941$ on 2213$)

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 23, 2014 at 15:33

thanks.could be a good strategy... but sometimes its better to accept the loss and restart correctly instead of waiting a long long time to see the signal going up... without any buy profit for days or weeks.

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 23, 2014 at 14:51

ok... some trades has been closed... but not all BUY ones... why?

BlueMonkey Real Money Live Test == Started Oct 2014 in Trading Systems Dec 23, 2014 at 13:48

done...http://statements.forexpeacearmy.com/blue_monkey_real/statement_new.htmat 5:34the account got a DD of 911$ for a balance of 2472$ or 36.8% of loss...more than the 30% threshold...so its confirmed, the vendor hides things :)

All Quotes
AUDUSD	0.6518	USDCHF	0.91205
EURJPY	166.913	EURCHF	0.97861
EURGBP	0.85734	GBPJPY	194.6
EURUSD	1.0729	GBPUSD	1.25099
USDJPY	155.573	USDCAD	1.3657

EURUSD	1.0729	GBPUSD	1.25099
USDJPY	155.573	USDCAD	1.3657

Posts by willgart