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Magiic (Magiic)
Jun 30 2016 at 06:16
435 posts
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.


Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.

xgavinc
Jul 01 2016 at 08:42
235 posts
Magiic posted:
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.


Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.


Sounds like you and I have a very similar system.

For every loss there should be at least an equal and opposite profit.
aeronthomas (aeronthomas)
Jul 01 2016 at 17:20
1557 posts
BV350IE
Jul 01 2016 at 19:47
9 posts
Magiic posted:
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.


Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.


Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.

Magiic (Magiic)
Jul 02 2016 at 01:02
435 posts
BV350IE posted:
Magiic posted:
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.


Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.


Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.


I don't see how an equity line under balance is any different from a fluctuating balance line. It depends entirely on how much I suppose.

Anything going long for enough will crash according to probability. So I have no issue with small open trades, especially if it's averaging in the direction of the trend, and averaging out of losses in the trend direction.


Magiic (Magiic)
Jul 02 2016 at 04:08
435 posts
BV350IE posted:
Magiic posted:
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.


Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.


Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.


As well, you can adjust the risk to much less if equity fluctuations make you nervous, and or just run with the amount of DD you are prepared to have as the total balance.

If you have 10,000 and only want to have 30% DD use just 3,000 on a cent account and let it run, that way you will not breach your 30%DD and you can use the other 7,000 for a 'safer EA' or a high interest savings account.

Just my thoughts, everything comes with risk, nothing is guaranteed. As far as a bank can become insolvent.

Don't base any decisions off of me.

Have a good weekend all. :)

ProTradersGroup (ProTradersGroup)
Jul 03 2016 at 06:20
386 posts
ProTradersGroup posted:
ProTradersGroup posted:
Wait for a pull back than jump in short GBP!



Adding trade





Hope you all have good profits.

https://www.myfxbook.com/community/experienced-traders/technical-analysis-medium-long-term/720380,5

Have a nice weekend!

BV350IE
Jul 03 2016 at 06:32
9 posts
Magiic posted:
BV350IE posted:
Magiic posted:
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.


Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.


Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.


As well, you can adjust the risk to much less if equity fluctuations make you nervous, and or just run with the amount of DD you are prepared to have as the total balance.

If you have 10,000 and only want to have 30% DD use just 3,000 on a cent account and let it run, that way you will not breach your 30%DD and you can use the other 7,000 for a 'safer EA' or a high interest savings account.

Just my thoughts, everything comes with risk, nothing is guaranteed. As far as a bank can become insolvent.

Don't base any decisions off of me.

Have a good weekend all. :)


The equity line trailing below the balance line isn't the only thing making me nervous about it. It doesn't appear to do 'real' trading. For one thing, there are 337 trades in USDJPY with all being shorts and zero longs. Similarly with AUDNZD.

The overall pips it's gained is -29034.4 with a net profit. So with a net profit that means at some point, the lots were increased in order to close the losing basket for a net profit. That's incredibly dangerous; what if that one trade with the large lot continues moving against?

There are many more things I can point out that tell me this is a ticking time-bomb. I know this from experience that wiped me out and I'm just trying to warn against it so that maybe it will save someone some money that I personally lost.

Magiic (Magiic)
Jul 03 2016 at 07:58
435 posts
Some of the strategies do increase lots.

The reason for the USDJPY being shorts only, is that if you look at the USDJPY it has been trending down. The reason for the negative pips, is that it scales out of positions. EZE074 doesn't increase trade size for losing trades, only when balance increases.

EZE074/5/6/7 USDJPY/AUDNZD/AUDCAD/NZDCAD* trade flat lots.


The account on display is running aggressively as stated at the beginning.

Attachments:


xgavinc
Jul 04 2016 at 10:09
235 posts
Interesting news: Nigel Farage steps down as leader of UKIP. Claims his purpose has been fulfilled - getting UK out of EU. Correct me if I'm wrong but wasn't he the one who made all the promises? surely he should be the one to see them through?

Seems GBP is somewhat strengthening on the news, but still hitting some resistance. Your thoughts?

For every loss there should be at least an equal and opposite profit.
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