BlueMonkey Real Money Live Test == Ended Oct 2014 Perbincangan

dhiraj posted:
Hi Alex,

Your EA in one of the account which you checked last time is not taking correct trades. It has taken BUY 4.31 lot of EURGBP instead sell trade and 4.31 lots of BUY trade of EURUSD. Due to this my floating loss is increased. Please advise immediate remedial action.
Regards,
Dhiraj

ahmedfouad posted:
Understanding better your EA, If bluemonkey for example opens a buy position on eurusd and in a strong trend market, the currency went oppositely and continuously for 500 pips without correction, how your EA will get out of that difficult situation..and for how long it will stay?

Thanks to explain

superphysics posted:
Ok, so I've experimented a quite a bit with the EA. Points of observation to all those who are looking to buy this / use this / know about it:

1. EA is using some kind of hybrid strategy.
* It's not pure grid (it does not allocate fixed lots at fixed drawdowns), but it does have positional targets after it opens a position.
* It's not pure martingale (it does not multiply lot sizes by fixed multiples if previous trades go the wrong way), but it does do some kind of multiplication in consecutive lots to recover poor trades.
* It's not a news trader, but appears to have some kind of filtering mechanisms (e.g. it will not open new deals just before a weekend).
* It uses some hedging too, as I've noticed it open opposite direction trades. In my testing period, both directions were ultimately profitable.
* I haven't spent enough time with the EA to be able to determine if it uses indicators like MACD, RSI or MA to enter on trend / expected reversal.

2. So far, it's profitable. Granted, a couple of weeks is not much to go by, but the EA appears to work, as evidenced by the original account.

3. Support is good, but not exceptional. Bluemonkey aka Alex is helpful, but probably not the designer / programmer of this EA, so his advice tends to stay along the lines of 'use default settings as much as possible'. He generally replies to emails once or twice a day.

4. The EA is fairly risky, but the kind of profit this EA generates does not come without risk.

5. The stop loss parameter actually works. I traded exaggerated lots on a real account to test it.

6. I haven't tried to decode my IP logs to tell if it's a trade copier from some account somewhere. But this EA certainly implements more strategies simultaneously than most other EAs out there. If it's a true EA, kudos!

Notes on how the the EA works:

* The EA is a little... buggy. When it runs OK, it tends to stay OK. But when it doesn't start off so well, it tends to open trades then freeze, leaving the trades orphaned (you'll know when the floating P/L on the chart does not match the actual). For best results, you might want to close all MetaTrader instances, open a new one, open the EURUSD and EURGBP charts, and attach the EA to each in turn with a couple of minutes wait in between to allow the EA to start on one before the other. Get the inputs right on the first try, modifying the properties after you've run it makes it hang after a while (I think).
* The EA treats each currency pair completely independently - stoploss, initial lots, everything.
* Allocate leverage to the initial trades (and set the tone for further trades) carefully. The inputs of the EA let you do that (the initial lot size parameter). Let's call it a 'base leverage'. Bluemonkey appears to be using a real 'base leverage' of about 0.2:1. If you raise that, your drawdowns will be higher.

P.S. Thanks for the nice work, team Bluemonkey! I'm enjoying this.

askew8 posted:
Question. Where is there a stop loss set? I see on the chart 3 lines. One is the open order then there is one that looks like a TP and there is another line in the oposite direction of the trade that looks like a SL line but when crossed, it doesn't look like anything happens. Can you explain a bit?

Juergen posted:
Hi Alex,

the EA has today made the first two trades opened with EURGBP, now at 8 pips profit I get 0.01 € and this is certainly something little. Can I change the setting of the EA of 0.02 to 0.2 or does the EA then no more trades and what can you do with the EA that the EA make Trades with the Setting 0.2, because I did not want to change the account?

Juergen posted:
500 €

parlavink posted:
hi alex,

I now open 7 buy and sell second-eur gbp is that correct?
does anyone else have that also ?


greets

bluemonkey posted:

parlavink posted:
hi alex,

I now open 7 buy and sell second-eur gbp is that correct?
does anyone else have that also ?


greets

Sounds correct to me.

A

smahil posted:
I also have only 2 EUR/GBP trades open is there more trades open or is the myfx book not updated yet?

Juergen posted:
My EA start´s the first Trades this week today and has now two Sell Trades with EURGBP !

askew8 posted:
I only have 2 sell eurgbp trades. Am I missing something?