Thanks for your answer. But I have some more... I work a full time job and I am making sure that this is fully automated. I do not understand the statement on your web site that states, 'We will provide a free Expert Advisor MovingAverage_RRFX to initiate the first trade...' I thought Caesars Armor 1.0 was a single EA I just put on the chart, update my inputs and that's it??
Also your stated that one of the pluses over Caesar is that the Armor can run on all pairs. Have you tested it on other pairs? Is it that the performance is not good on the other pairs that's why you are showing it only on EURUSD?
Caesar Armor is semi automated Caesar Signal EA is fully automated. They are two different products.
Caesar Armor has no trading logic, while Caesar Signal EA includes a specific logic that I created to perform exceptional well.
I recommend only 1 currency pair per trading account but I am trying two currency pairs on 1 account now. I have only dedicated the time to support 1 specific pair because more pairs means more backtesting.
However, I have made both systems ( Caesar Armor and Caesar Signal ) dynamic to adapt to each currency pair.
Both profited today through EuroGroup meeting. The automated version sold EUR ( smart ) while the semi auto was hedging both directions, and closed everything out at 1% daily goal with 15 trades in basket in Long direction.
When you trade manually, you don't use a magic number, so when you attach Caesar Armor you enter '0' for the magic number, Now Caesar Armor will manage all orders with that Currency.
CAEA will use a dynamic Takeprofit depending on current volatility. You can set a minimum, and if the volatility is greater than the minimum, the TP will increase to get more pips.
Profitable Algorithm: CAEA will calculate a profitable basket by lots, commission, swap, to find a perfect breakeven level for all your trades and Add the minimum takeprofit to this Breakeven level . Like BE + 10 pips.
You can set a daily goal in percentage. Then CAEA will close all trades once your Equity > Balance by a percentage.
And yes, everything is fully adjustable.
Also you can close any trade manually or open more orders as needed. The profitable algorithm will manage any order and readjust the takeprofit levels automatically.
RedRhinoLab posted: 24 positions Long on EURUSD. Breakeven point getting closer.
And Hit stopout with many of the Caesar customers. What mistake did I do? I changed the MA_RRFX EA to M30 . Best to keep it on the Daily Chart. Now this account has Custom Start Date of today. With MA_RRFX EA on daily TF.
My Automated version remains profitable from the internal logic that doesn't require any adjustments.
FxMasterGuru posted: How about using the current trigger for backtests? It might be better than the original...
I won't go down that rabbit hole because the long term outcome will always be the same. You are risking 33% of your account to earn 1% and after a stopout you will be subject to another stopout while your potential upside never increases.
While TOGR has had temporary success with a few of his accounts, he doesn't provide backtests proving a robust system. Running a grid based system with 12-16 months results is not enough to declare success and he knows that he can reach a stopout anyday. He has blocked me and so many others all because of this fact. 64% of account blown in less than a week and this can happen at anytime. All you can do is filter, filter, filter, optimize, optimize, etc but once you have 1 trade open the Risk is 33 to earn 1.
The system needed serious work and reconfiguration to get to the performance where I am at today.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.