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My dilemma

Rihan
RSTrading (RSTrading)
Nov 16 2014 at 07:50
385 posts
Hi all.

I have this EA that produce 99% backtest results from 2007 to current that are so amazing I have never seen before.(and its not grid/martingle)

Problem is I had to trim away a whole lot on this EA to make it so profitable and now it trades very infrequent +/-6 trades a month. I also had to minimize its tp to 2 pips.

Now it only pays traders with big $$$ to trade with it. The best I can get it with acceptable drawdown and $1000 is +/- $10 per month. Which is way too little. It only really starts to mean something when you trade with 50k. Here in South Africa that is over half a million rands, which isn't possible to obtain without surety.

I also don't want to sell the EA, because it will be educated and distributed amongst many. I am trying to market a myself as a signal provider, but who will want $10/$1000? Some that I provide signals to, I have told not to use this as a stand alone.

What am I to do?

Oh and please, I didn't pose this question to advertise or anything. I really need advice, so if you are not giving advice, please rather don't post anything.


Rihan
RSTrading (RSTrading)
Nov 16 2014 at 08:47
385 posts
What thickens the plot is that it has 100% success rate on all trades, and it doesn't cling onto a trade with the hopes of the market changing (the longest duration is 2 weeks and in 7 years there has been 4 such trades)


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Rihan
RSTrading (RSTrading)
Nov 17 2014 at 19:24
385 posts
adrian8891 (adrian8891)
Nov 17 2014 at 20:33
696 posts
Believe me... in real account You won't get 100% successful trades.

PAMM MANAGER // Professional Fund Manager
sebast (sebast)
Nov 18 2014 at 06:51
52 posts
You should try to make it run on a real account first and see how it goes 6 months later, if you still have your account then you can ask yourself all those questions.

buy low sell high
Rihan
RSTrading (RSTrading)
Nov 18 2014 at 08:18
385 posts
Thanks. Will do..

Rihan
RSTrading (RSTrading)
May 11 2015 at 11:54
385 posts
Well, it's almost six months later and I am still going strong.

Maybe it needs some work in the sl area, but I believe there is merit to the system. Yes the RR ratio is maybe not of the best, and it takes a bad trade here and there where manual intervention is required to hedge etc, but overall this is the first EA that makes it so far on my real account without being trashed.

I want to start making money with this. I had a look at being a signal provider (as this would be easiest) but the tp is too small. So I have to look at either selling the EA - which is a resounding no-no or offer a pamm service.

A bit about the system :

It only trades 5 pairs. I have done 99% backtests on many pairs and only the select 5 produced favorable results. I have cut out certain sessions and days to reduce the risk of reacting to false signals. If in the event it does, I will look at higher timeframes and make a decision whether to hedge/get out/ride it out.
I am not a newbie trying to make a quick buck or thinking forex will make me sip pina coladas on the Bahamas.
I know markets can change and render the EA absolutely useless in time to come, but this has not happened in the past decade and doubt it will in the future. The EA is not based on technical indicators, or reliant on other information to trade - it makes it's own trading decisions based on price action.

I know there will be many posts that will dissect my account, as I say - I know it needs work, but feel the basic groundwork is there.

I am hoping for partnership in this venture. Someone who can bring knowledge to the table and help set this up. Perhaps start a joint pamm account or something. PM me with why you feel it should be you.

Let the comments begin!

xgavinc
May 12 2015 at 13:26
235 posts
I would suggest fine tuning it for smaller accounts. Investors won't want to put their money down to test your EA... they want you to show them your own real account test results. And they won't look at $10/$1000 (1% return, 99% risk) unless you give them a guarantee, and that usually means something like putting your own assets down as security hedged against the risk (you would stand to lose 99% of your assets because that's the risk you provide them, they will not invest with more than 99% value of your assets... worth the risk?

For every loss there should be at least an equal and opposite profit.
Rihan
RSTrading (RSTrading)
May 12 2015 at 19:23
385 posts
xgavinc posted:
I would suggest fine tuning it for smaller accounts. Investors won't want to put their money down to test your EA... they want you to show them your own real account test results. And they won't look at $10/$1000 (1% return, 99% risk) unless you give them a guarantee, and that usually means something like putting your own assets down as security hedged against the risk (you would stand to lose 99% of your assets because that's the risk you provide them, they will not invest with more than 99% value of your assets... worth the risk?


Thank you, this is the kind of constructive criticism I need. I just want to mention (if there are newbies who might not understand this)

The above test was based on 0.01 lots per trade on a $1000 account - This was used to get to an acceptable dd of 30%. So although the whole $1000 was used for the trade - the worst trade only used up $300 of the $1000. It only entered such trades 4 times in the past decade. I must also add, this DD is based on spread that is twice as high as in reality (another broker) and involves no hedging or anything, just ride-it-out.

When I posted the 16 Nov 2014, I only traded one pair - I have added four more and believe it will be able to rake in 70+ pips a month. Currently I am also testing it to trade on all pairs with a trailing stepping sl - will see how that goes, but so far it looks promising.


Rihan
RSTrading (RSTrading)
May 13 2015 at 08:59
385 posts
I went back and had a look, the above backtest was done with 0.06 lots on $1000, since then I went live with this and used moderate lot sizes (depending on account size) just click on my name to see my accounts.


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