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FX Cure EA (TEA Free)

Drew (ForexCure)
Jan 26 2015 at 15:33
147 posts
Thanks Dave. So, just to clarify, lot sizing is Equal, like 1X, 2X, 3X, 4X, 5X,...or, by
Equal do you mean the Same as Forex Cure 0.98 and Tom's EA: 1X,1X,1X,3X,6X,9X,..etc.

Stop Loss...., yes I can set it....

And for Duration, the setting should be in minutes. Then 2 days would be '2880'.

Last thing, another question, what is the formula to use for lot sizing?
E.g., I had $3000 to start with, Risk = 10 and multiplier is 6, what is the progression
of Lot sizes both internally, then real?

-D
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Waant aal, lose aal, man...
Tradydave
Jan 27 2015 at 11:06
62 posts
Hi,

I mean as in Cure : 1x 1x 1x 3x 6x 9x etc ...

Stop Loss + Duration : working on it.

Risk formula / lot sizing is :

AccountEquity() * iRiskLevel / 10000000.0

In your case : first lot for 1st virtual order is : 3000 x 10 / 10000000.0 = 0.003

First real order's lot size will be : 0.03

BTW : Volatility is really high now. An account with 6X param in 2013/2014 would barely make 12-13% a month. Have a look at my X6 demo as of today. It closed some baskets.

I think the multiplier should depend on the average volatility level of the latest 3 months (3 is a number that made sense to me but can be different).

Prof Drew : can you try to think about that idea to check if it's good or lousy ... :-)

I'll keep you posted.

Cheers

Tradydave
Jan 29 2015 at 08:12
62 posts
Damned !

The X6R10 demo stopped out.

I can face any technical and technological challenge BUT this is very discouraging to me.

As Drew said, we now have to go with X9 and over to try to find our sweet (stop-out proof) spot ....

I'll keep you posted for the update on the EA programming.

Cheers,

Dave

chan77
Jan 29 2015 at 09:53
51 posts
Mine is heading there very quickly also. Bummer! Is there a setting that will tell the EA to stop making trades once a certain margin level is reached? If that was selectable we might be able to ride out a downturn. I have noticed that once the cycle starts the EA will keep making trades until the account finally blows up.

Greg

Tradydave
Jan 29 2015 at 10:07
62 posts
So far there's not but that's very easy to do. I could integrate it.

Let's say, you have a deposit of 3000.
You would tell that if Balance reaches 2500 (or even 2990), the EA should stop taking new trades.

What about the need for the EA to open new trades for an existing basket in order to follow its strategy ... and eventually close the basket on profit or break even ?

I don't see a way the basket would be closed if the EA stops taking trades on it ...

What's the opinion of the prof ?

Cheers

Dave

Drew (ForexCure)
Jan 29 2015 at 17:24
147 posts
Hey Dave. I tried manually setting some T/P's, but they get reset to Zero,
when a new trade for that pair opens.

So,...regarding a Tool that you can use to close trades at a certain
% drawdown, $$ value of profit or loss, or just to de-activate your EAs,
you could try EquityGuard (attached).

You add it to a dummy chart to control ALL charts. If you want to
control particular pairs, I think you can use a Magic number, or even
separate accounts for each such pair.

Use it, love it.

-Drew
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Attachments:


Waant aal, lose aal, man...
chan77
Jan 30 2015 at 10:27
51 posts
Thanks Drew I will give it a try.

Tradydave
Feb 02 2015 at 11:50
62 posts
Hi guys,

It's normal that you can't move TPs manually as the EA is in charge of setting TPs and will take control over it at some point.

Regarding a solution, I'd rather go with a coded solution inside the EA.

Now you're welcome to suggesting some way to code it. I.E: when the equity has reached XX% of the initial balance -> Close everything and stop EA. Or anything else you'd think as appropriate.

Cheers,

Dave

chan77
Feb 03 2015 at 09:30
51 posts
Hi Dave,

I would be good to have a two step option. If equity reaches XX% of the initial balance stop the EA from taking anymore trades then once equity reaches XX% of the initial balance -> Close everything.

Greg

Drew,

I tried the Equity Guard and I keep getting a 'wrong parameter for Maximal Target' message. I have tried several different settings. Any ideas?

Greg

Tradydave
Feb 05 2015 at 11:57
62 posts
Hi Greg,

I can prevent EA to open new baskets at some point BUT stopping taking new trades to existing basket is lethal in my opinion cause they are likely to never close themselves and lead to account blow-out.

Drew, do you agree with that ?

The good news is : The duration option works well as I let the EA run for 3 days with a 10 minutes max duration trade and they all orders in History has last for +/- 10 mn (average 11mn).

Give me some feedback on your tests please.

Cheers

Dave

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