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EA SYSTEM (By showbaba )

The user has deleted this system.

EA SYSTEM Discussion

morello
Apr 05 2010 at 23:47
27 posts
hey,

whats called where to get? by pm? thanks a lot!!

kind regards
Markus

showbaba
Apr 06 2010 at 08:40
47 posts
I really dont understand what you mean

Clearpaper
Apr 07 2010 at 06:52
95 posts
Hi showbaba, that's a very nice equity curve. Congrats!

I understand the EA is using a Martingale strategy to recover trades that move against it by setting subsequent positions 30 pips away and twice the lot size of the previous position.

I notice that there is a drawdown of up to $8,000 with the EURUSD trades during these times.
03.25.2010 20:00 - 03.29.2010 14:41
03.18.2010 10:48 - 03.22.2010 15:46

If you could indulge me,

Query 1:
Why is the reported drawdown 6.64% instead of around 50%. Please correct me if I'm wrong here, I don't quite understand how myfxbook's reporting of DD might work.

Query 2:
What indicator/triggering criteria do you use for your main strategy?

Query 3:
What criteria do you use for closing your Martingale trades? Are all positions for that currency closed when the last Martingale position hits 40 pips?

showbaba
Apr 09 2010 at 11:26
47 posts

Clearpaper posted:
    Hi showbaba, that's a very nice equity curve. Congrats!

I understand the EA is using a Martingale strategy to recover trades that move against it by setting subsequent positions 30 pips away and twice the lot size of the previous position.

I notice that there is a drawdown of up to $8,000 with the EURUSD trades during these times.
03.25.2010 20:00 - 03.29.2010 14:41
03.18.2010 10:48 - 03.22.2010 15:46

If you could indulge me,

Query 1:
Why is the reported drawdown 6.64% instead of around 50%. Please correct me if I'm wrong here, I don't quite understand how myfxbook's reporting of DD might work.

Query 2:
What indicator/triggering criteria do you use for your main strategy?

Query 3:
What criteria do you use for closing your Martingale trades? Are all positions for that currency closed when the last Martingale position hits 40 pips?



hmmm
 First thanks for the compliment,

during those times , i looked at the statement but i cant find any dd that much, also it uses 2 stop loss types, one conventional and the other non conventional, yes it closes at 40 pips

well i am intersted in saying what triggers what

Clearpaper
Apr 10 2010 at 05:12
95 posts
Hi showbaba,

Thanks again for sharing your data. Please don't take the following queries and observations the wrong way but I would like to understand things a little more.

Is this EA a commercial or freely distributed one?

For the Marty component, when some trigger in the 1st position occurs, it opens a 1st pending order -30 pips away. Another trigger may also cause it to open a 2nd pending order -60 pips away.(as evidenced by the Limit orders not activating) And so on with the subsequent positions being 30 pips less each time.

On two occasions, the 1st position went down to at least -210 pips for the 7th Martingale position to open. Calculating all 1st-6th position losses till then works out to be $8,001.00.

For the 1st date, the account balance up to that point was around $13,365.04. That makes it a drawdown of 59.8%.
On the 2nd date, the balance was around $15,022.50, making a drawdown of 53.3%.

Weren't you monitoring your account when those events happened? One spanned 90 hours, the other 100.

I notice that the lot size was reduced from 0.03 to 0.01 after the 2nd massive drawdown event(03.29.2010 14:41). Was this done automatically by the EA?


I took a more detailed look and notice that the trade durations are also rather long.
Average trade duration across all is 22 hr 12 min.
75 trades were less than 5 hours, averaging 2 hr 4 min.
152 trades were between 5 and 60 hours, averaging 17 hr 27 min.
36 trades were greater than 60 hours, averaging 84 hr 14 min.

I see now that its main strategy is not robust, as the Martingale component triggers frequently.

Whatever the case, even at 0.01 lots. All it takes is for the trade to go against you -270 pips and you'll blow your account. It already went down -210 twice in March alone. Your main strategy needs work.

Dimitry11
Apr 25 2010 at 16:02
16 posts
I am interesting your scalper for testing.
    I want put on demo acc.
    I try make modernization this EA for decrease big down drown.
   

  Thank you
   Dimitry
   men2010@gmail.com

showbaba
Apr 26 2010 at 13:37
47 posts
wow
what do i say, i have been caught
lol

anyway this is an ea from my company we use in managing accounts, we had a rough start, but the ea has been modified twice after the supposed drawdown, also a better version is been released soon

pls this is not a trend EA , its basically martingail thats where it gets it power from

i have another that is trend then exits a bad trade through martingail, this is not commercially sold developed it, will soon put for sale if need be, did i miss anything.

thanks

Clearpaper
Apr 28 2010 at 06:39
95 posts
Trying to learn as much as I can about other trading methods, thank you for your candour.

On another note, is this a FXOpen micro account? 1:500 leverage definitely helps with a Martingale system, however, I can't find a broker that offers such leverage for a $10k account.

showbaba
Oct 12 2010 at 17:04
47 posts
do u still need a honest broker that gives such a leverage

showbaba
Dec 29 2010 at 08:14
47 posts
This is a year's work right in front of you,

if u need a managed account call on me, Results dont lie and this aint scalping

HAPPY NEW YEAR!!!

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