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£1200 conservative (by )

The user has deleted this system.
maran83
Nov 27 2009 at 08:26
5 posts
There ya go - your EA did not recognise 'black swan' event triggered by panic triggered by Dubai debt problem triggered by need for correction in equities .... You account died and need to be reset.




maran83
Nov 27 2009 at 08:27
5 posts
BTW: I am not glad at all, since your system was on my watch list with some best accounts ... I just do not believe in automated trading that's all .... viel gluck ... 😞

maran83
Nov 27 2009 at 08:30
5 posts
(I was referring to your other system, even thou this one is questionable as well - from +35% to -8%, i wound not touch it ...)

Ben Scoobert ()
Nov 27 2009 at 08:46
276 posts
just because 1 set of aggressive settings didn't work doesn't mean it's failed, i'm improving the settings every day
0.05 of a lot is too big for $1200 account, it was set up to show someone who said he had $1200 and his broker allowed 0.05 and bigger only

It's only a few days ago I posted on the forum that the settings were a bit aggressive, I think it is highly likely to recover its losses.

freestylefx
Nov 27 2009 at 09:50
32 posts
I'm sure it will recover, its only 8% down on its starting equity.

The problem I've found from my experiments with martingale etc is that you make your best profits from shortterm negative positions but any sustained trend blows it up.

I recently setup a simple system with no entry criteria, running 1 long and 1 short and small ish lotsizes looking to getout for a profit, made 100% in 8trading days most of which were 4hr sessions. I knew it wouljd blow and wanted to see the kind of DD under normal operation, most of the time it was under 4% sometimes it was upto 10% and once it had a margin call ;)

The point... doesnt matter how much it makes and how often it makes it, it can only blow it once.
8% down from starting equity is a lot better than mine fared and yours can recover from it. ;)

Will i scrap martingale?..
nope. I will work out a way to protect what it makes so will you Ben.

Keep up the good work.

Ben Scoobert ()
Nov 27 2009 at 09:55
276 posts
That's why I will now stick with the trend, I've tested with and against, as you can see the 'reverse entry' tests i have running are with the trend and milked the profit of the JPY drop.

freestylefx
Nov 27 2009 at 10:10
32 posts
Absolutely,
I dont think most people realise that ignoring the wacky multi currency trades there are really only 2 systems Trendfollowing and Mean reversion. I honestly believe the key is to keep them simple and attempt to manage the risk on them.

I have a similar system that attempts to trade the trend, I like your idea of pyramiding which should reduce DD as your inital position will be small. I have a slightly diff approach that martingales in towards the MA but only takes fixed profits at the mo which makes it less than perfect.

Like any TrendFollower it gets bummed when the market switches to mean reversion, and my mean reversions get bummed when the market switches to TF. Managing *that* will make me victorious!!! ;)




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