there is a different consideration which I have been thinking of.

Once a DD tolerance has been established, why not manually hedge the position? If the EA does not do it enough.

In my view, if we get a big EURUSD trend (to annihilation...) and Tom's keeps averaging down, once the tolerance is hit, open a manual hedge (in this case a short) and keep taking profits on your hedge to offset the open DD on the EA. Worse case you break even-ish waiting for Martingale to do the job.

In my particular case of last week, I was already short EURUSD in my manal trading as there was a move there. I think the markets should still be monitored daily and an eye kept open anyway.

So far I have not reached my DD limit (and hope I never will, really.)

Rubbish?

Do you automated experts think this EA has legs?

   maxtrade posted:
   This EA have 600pips stop loss, and when SL is hit it takes very very long time just to cover back. I have done some backtest with dukascopy 99% tick data. You need at least 5000 to survive from DD and when it hit SL.
My backtest result (01.01.2009-01.11.2011) : EURUSD,RL : 1

Deposit : 1500. Margin Call on 19.03.2009
http://www.myfxbook.com/strategies/1500/10314

Deposit : 2500. Margin Call on 05.02.2010
http://www.myfxbook.com/strategies/2500/10315

Deposit : 5000
www.myfxbook.com/strategies/5000/10319

   tradingshed posted:
   there is a different consideration which I have been thinking of.

Once a DD tolerance has been established, why not manually hedge the position? If the EA does not do it enough.

In my view, if we get a big EURUSD trend (to annihilation...) and Tom's keeps averaging down, once the tolerance is hit, open a manual hedge (in this case a short) and keep taking profits on your hedge to offset the open DD on the EA. Worse case you break even-ish waiting for Martingale to do the job.

In my particular case of last week, I was already short EURUSD in my manal trading as there was a move there. I think the markets should still be monitored daily and an eye kept open anyway.

So far I have not reached my DD limit (and hope I never will, really.)
Rubbish?

Do you automated experts think this EA has legs?


The only reasonable way to work a martingale system is to have unlimited funds. I have experimented with several martingale systems before. The thing I have seen is, even starting with 0.1 lot on $100,000, it is fairly easy to wipe out the account. I have tried systems that had steps of 100 pips between opening new positions, starting with 0.1 lot, and ending up with a blown account and positions that had open lot sizes of over 100 lots. There are time in the market where...no matter what, a martingale system cannot possibly win.......unless.....you have unlimited funds.

   tradingshed posted:
   
   fughe posted:
  
....They cap it at 3%. There is a bit of code that automatically set the risk to 3% if you enter a higher number, so using risk 21 is no different than running risk 3.


?? I don't get the capping at 3%. Are you suggesting that running 7 pairs each on risk level 3 (equalling to total risk level 21) is the same as running EURUSD only on risk level 3? what is it exactly that is capped?

Does anyone know what the magic number for Tom's EA is? or where to find it.

Thanks




Ok..... I see what you are talking about now. I thought you had input '21' in to the risk setting.

Hello Everyone, this is Dustin and I though I would step in and comment on a few things. A lot of great info has been passed around on here and I think that's extremely healthy. Everyone has an opinion and its great that opinions are voiced.

I really only have two things to discuss today. First, there have been some comments about our marketing tactics and it was said that we intended to mislead people by having the EA trade at a larger risk percentage than is ideal. That is completely false and ultimately would not be a good thing for us as it would blow accounts up. In our BETA testing we discovered that in some cases the EA would trade minis instead of micros. (this is why we had a beta period) For the most part this occurred with people that were trading on accounts that did not have micros enabled i.e. mini accounts. At no time did the EA trade minis on all accounts. This was isolated and fixed as soon as it was caught. All of our marketing material said we targeted 8% to 10% a month and this account has been exceeding that however we are trading at the maximum risk level as well.

We will have two more accounts on my fxbook very soon which are trading 6 pairs each. One for the Tradency hedging and one for the Tradency Non hedging master accounts. We will be sharing these in the members area very shortly and you will be able to compare your results to those and see that you are experiencing the same thing.

Second, people have also said that we have hid the open positions in an attempt to hide the draw down of the accounts. Once again this is a false accusation. If you want to see the draw down simply look at the equity line below the balance line on the chart for this account and you can clearly see the draw down on a day by day basis.

The last thing I want is for people to think that we have any desire or need to mislead the public. That is not our desire.

That said I hope that you all do well with our software and the key as many of you have stated is to not get to aggressive. If you have any questions you can always contact our live chat from the members area as well as contact our support team via email. support@tomsea.net

Dustin