FxPapa Expert Advisor (by FxPapa) Snabbstatistik
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FxPapa Expert Advisor Diskussion
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ragency

Medlem sedan Feb 04, 2011  32 poster ragency Mar 07 2012 at 15:31
Hi FxPapa,

I experienced a similar problem to rgmann's. Your account showed 3 trades opened and closed today. Mine only showed one.
https://www.myfxbook.com/members/ragency/fxpapa-demo/256142

I am glad to see that you are checking out the problem.


FxPapa

Medlem sedan Nov 26, 2011  136 poster FxPapa (FxPapa) Mar 07 2012 at 17:04

   ragency posted:
   Hi FxPapa,

I experienced a similar problem to rgmann's. Your account showed 3 trades opened and closed today. Mine only showed one.
https://www.myfxbook.com/members/ragency/fxpapa-demo/256142

I am glad to see that you are checking out the problem.




Hi

Thanks for your notice. It's working fine now.

Regards

gwrigh

Medlem sedan Jul 30, 2011  72 poster gwrigh Mar 07 2012 at 18:15
Hi, the only trading strategies I've seen with equity curves like FxPapa are grid-trading systems. They win most of the time (85-95%) but have occasional huge floating drawdowns (like the one on Feb 6-8), and without protection eventually hit their unlucky streak which crashes the account. You obviously aren't martingale (double-down on losing positions), which is good. Without giving away proprietary specifics, can you give us some assurance that the system will truly stand the test of time? GridMeUp had a great run for about a year, with a very similar equity curve (it floated about -5000 pips I believe during a big DD), and then completely crashed about a month ago - but that was because its failsafe, a claimed 40% loss stop out, to close all trades and wait to restart new grid, did not work right. You have a setting like this, too, to protect from a crash, but we have yet to see it take the loss and resume building.

FxPapa

Medlem sedan Nov 26, 2011  136 poster FxPapa (FxPapa) Mar 07 2012 at 19:55

   gwrigh posted:
   Hi, the only trading strategies I've seen with equity curves like FxPapa are grid-trading systems. They win most of the time (85-95%) but have occasional huge floating drawdowns (like the one on Feb 6-8), and without protection eventually hit their unlucky streak which crashes the account. You obviously aren't martingale (double-down on losing positions), which is good. Without giving away proprietary specifics, can you give us some assurance that the system will truly stand the test of time? GridMeUp had a great run for about a year, with a very similar equity curve (it floated about -5000 pips I believe during a big DD), and then completely crashed about a month ago - but that was because its failsafe, a claimed 40% loss stop out, to close all trades and wait to restart new grid, did not work right. You have a setting like this, too, to protect from a crash, but we have yet to see it take the loss and resume building.


Hi

FxPapa has equity stop loss level. It opens up to 3 position at the same time.

Please notice that no one can guarantee the future in this market but we try our best to keep the EA on success.

Regards

ragency

Medlem sedan Feb 04, 2011  32 poster ragency Mar 08 2012 at 03:09
FxPapa,

Within the past hour or two, the third and fourth lines of the EA display:
'Successfully connected to the FxPapa Server.
Account Number verified.'
has disappeared from the EURUSD 1H chart.

I have tried removing the EA from the chart and re-installing it, but the missing lines have not re-appeared. I have also shut down and re-started the MT4 platform with no different results.

This lack of confirmation of a successful connection to your server is of great concern because currently there is a GBPUSD order open.


ragency

Medlem sedan Feb 04, 2011  32 poster ragency Mar 08 2012 at 03:32
FxPapa,

An update of my post above:

Not wanting to go to bed with my EA/copier unconnected to your server AND having an order open, I closed the GBPUSD order (fortunately in profit).

You can imagine my surprise when, immediately after closing the order, the missing display lines re-appeared on the EURUSD 1H chart.

Is there a bug in your software that prevents the third and fourth display lines from showing when a GBPUSD order is open?

FxPapa

Medlem sedan Nov 26, 2011  136 poster FxPapa (FxPapa) Mar 08 2012 at 06:49

   ragency posted:
   FxPapa,

Within the past hour or two, the third and fourth lines of the EA display:
'Successfully connected to the FxPapa Server.
Account Number verified.'
has disappeared from the EURUSD 1H chart.

I have tried removing the EA from the chart and re-installing it, but the missing lines have not re-appeared. I have also shut down and re-started the MT4 platform with no different results.

This lack of confirmation of a successful connection to your server is of great concern because currently there is a GBPUSD order open.




Hi

That's OK. When there is an open position the EA doesn't need account number verification. When the EA closes the position you will see the verification message again.

Regards

rgmann

Medlem sedan Nov 20, 2010  87 poster RGM (rgmann) Mar 08 2012 at 07:54

   FxPapa posted:

That's OK. When there is an open position the EA doesn't need account number verification. When the EA closes the position you will see the verification message again.

Regards


Hi FxPapa,

Does that mean that the signal from your server is only needed to open the trade, but the EA on our computer manages the trade and closes it? Or does it need a signal from your server to close the trade too? Thanks...


Success is not final, failure is not fatal: it is the courage to continue that counts.
FxPapa

Medlem sedan Nov 26, 2011  136 poster FxPapa (FxPapa) Mar 08 2012 at 11:35

   rgmann posted:
   
   FxPapa posted:

That's OK. When there is an open position the EA doesn't need account number verification. When the EA closes the position you will see the verification message again.

Regards


Hi FxPapa,

Does that mean that the signal from your server is only needed to open the trade, but the EA on our computer manages the trade and closes it? Or does it need a signal from your server to close the trade too? Thanks...




Hi

You are right, The EA manage the orders independently from our server but there is also an emergency exit which is done by our server.

In both cases the EA doesn't need account number verification.

Regards

lxboston

Medlem sedan Sep 21, 2011  38 poster lxboston Mar 09 2012 at 03:06
Hi

I have been running FxPapa real $2500 deposit for about 1 month now on GoMarkets and all is going well so far.

Coming close to 20% for the past month, which I think could be even a slow month going by past results on this other live.

I am using a VPS here in Australia and GoMarkets.

Keep up the good work!

Brains always tell it how it is, while balls get it done.
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