1-5)Since most my EAs trade multipair, backtest is no option. Proper risk management is the key in this case. I m going for 15- 100 $ profit, depending on the acc. size. Minimum monthly avg on single pair trading should be 5% and on multipair 20%
JUNIOR, fx Promak, last night gave me $ 511 ... not bad for a count of 2,000 .. 25% ... in one day ..... wow .... and then nobody believes in the expert .. ... look at my account and I still can not believe it ..... THANK GOD
dacosvan posted: JUNIOR, fx Promak, last night gave me $ 511 ... not bad for a count of 2,000 .. 25% ... in one day ..... wow .... and then nobody believes in the expert .. ... look at my account and I still can not believe it ..... THANK GOD
i wouldn't be so happy if i were you, you're obviously over-trading.
you could have lost the 25% instead of gained. how would you feel then after losing 25% of your account in one single day? if for sure wouldn't call it wise money management.
Fulltime247 posted: RoboMiner is a great EA that appear to use a 'Hold and Hope' strategy but its a lot smarter than that. It trades the AUDNZD pair. This pair has historically traded within a pretty tight range. So he plays it up and down from the midpoint. If its above the midpoint he sells every X pips and if its below the midpoint he buys every X pips. It always has a drawdown but the trades will eventually close for a profit. Actually after watching the system still make profits during the great 2008 crash - I have no idea what it would take to blow it up. (Maybe the 2nd Coming?) - So YES it does have drawdown and only closes profitable trades but I cant argue with the fact that no matter how long it takes - THE TRADES DO CLOSE IN PROFIT!! - Its the smartest 'Hold and Hoper' I've ever seen.
Also StephanusR - I looked at your trades and noticed that you're losing trades when they turn against you 20 pips OR LESS. YOU CANT CLOSE TRADES THAT SOON WITH A EA!! - Market noise will turn almost every trade into a loser. The best a EA can do is put you on the side of probability but the trade must have room to work!! - It took me a long time to realize this. Most EA's need fairly wide stops to work BUT wide stops will give you a high win percentage. Now the EA's job is easier. Collect enough pips to offest the ocassional SL hits. - Manual trader have a much easier job since humans are far better traders than robots (I see your on manual) - I wish you luck but I've never been able to trade profitably by EA with 20-30 pips stops. Bots just ain't that smart. (In fact the successful one I've seen need to win more than 10 trades to cover 1 loss - Scalping 5 pips with a 50 pip SL - [https://tinyurl.com/shocker-ea] - But they do it easily since the wide stop gives them a 94.50% win rate)
Robominer is POS, I have 2 $3000.00 p/l with 2 brokers since OCT 1st and the aud/nzd shows no sign of going down. Donna forex had a 23,000.00 p/l at one time and maybe now it is $14000.00. Stay away from it . It is poison.
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