Far East Robotics (By Eugene )
| Gain : | +1.69% |
| Drawdown | 31.13% |
| Pips: | -12992.3 |
| Trades | 1022 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:50 |
| Trading: | Automated |
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Hi guys.
This is my 2nd live account, it will be used for human-assisted robots (cBots).
I release a cBot after an extensive backtesting and optimization. It takes me around 2-3 week to optimize a single cBot for a currency pair.
There are currently 4 cBots running. Yesterday night one of them went out for a kill and came back with some profit.
We'll see how it goes. If the current cBots show good performance, I will deploy even more robots in near future. It's time to get serious, guys.
People have been asking me recently: 'If you are so smart, how come you are not rich yet'? And then I thought: 'Yeah, why indeed?'. I start a new campaign to change this situation.
I will stay in touch.
This is my 2nd live account, it will be used for human-assisted robots (cBots).
I release a cBot after an extensive backtesting and optimization. It takes me around 2-3 week to optimize a single cBot for a currency pair.
There are currently 4 cBots running. Yesterday night one of them went out for a kill and came back with some profit.
We'll see how it goes. If the current cBots show good performance, I will deploy even more robots in near future. It's time to get serious, guys.
People have been asking me recently: 'If you are so smart, how come you are not rich yet'? And then I thought: 'Yeah, why indeed?'. I start a new campaign to change this situation.
I will stay in touch.
Hey, what about MY dreams?
I helped one of the cBots close down a position today after the markets opened with a gap. $30 profit. Not too bad... And the week has just begun.
Hey, what about MY dreams?
Update: Last week I finished optimizing one more cBot. Over the weekend, I stopped cTrader, installed Windows updated on VPS, restarted it, and installed back all the cBots (5 now) with new re-optimized parameters. Their parameters are always based on the last 2 year period.
Tonight one position was opened by one of the cBots. I closed it this morning manually with a profit.
Tonight one position was opened by one of the cBots. I closed it this morning manually with a profit.
Hey, what about MY dreams?
A total of 6 cBots have been deployed now. All are running on the same timeframe (1 hour), but different currency pairs. So, I think I have diversified it well enough, but I will continue adding cBots. Of course, I have to adjust the volume which each of them trades.
Hey, what about MY dreams?
6 cBots with 20% maximum drawndown (20% / 6 = 4.16% each).
Some cBots have been re-optimized from 1 h to 4 h time frames.
For the sake of further diversification, I have prepared 5 more cBots with an absolutely different (shorter time frame) strategies. Whey run now on a different live account, but I am thinking to combine then into one team on the same account. Each cBot shows maximum drawndown 4-6%.
Some cBots have been re-optimized from 1 h to 4 h time frames.
For the sake of further diversification, I have prepared 5 more cBots with an absolutely different (shorter time frame) strategies. Whey run now on a different live account, but I am thinking to combine then into one team on the same account. Each cBot shows maximum drawndown 4-6%.
Hey, what about MY dreams?
December was not good, I experienced some losses. But I persisted, this month looks better. Still learning lots of things.
Hey, what about MY dreams?
If any employer were making me work the way I make myself work studying this Forex thing, I would run away from this job. It's true when they say that thy cruelest employer is thyself :)
This account now has 8 cBots running: 4 short-term ones and 4 middle-term ones.
This account now has 8 cBots running: 4 short-term ones and 4 middle-term ones.
Hey, what about MY dreams?
I've moved all money from my other account (https://www.myfxbook.com/members/ironmine/dream-chaser/1392864) to this one as I don't need to have 2 accounts now. It's also easier to run one platform on VPS. Robots continue to be retested and improved as my knowledge about the techniques of algorithmic trading, backtesting and safety features grows. As of now, there are 15 cBots hunting high and low on different currency pairs and time charts.
Hey, what about MY dreams?
3 different strategies, 20 cBots.
Hey, what about MY dreams?
The latest drawdown feels like Stalingrad.
Hey, what about MY dreams?
The position sizing has been lowered, the number of cBots has increased to more than 40, additional currency pairs have been added.
I need a more powerful CPU at VPS, but I cannot afford it right now.
If the account equity reaches a new high, there will be some slight hope that the system may prove to be successful.
But, honestly, it would take at least 1 or even 2 years to be certain.
Continue reading books on trading and trading psychology and learning. Continue to modify the strategies and optimize.
Forex is treacherous, and there are times when I feel desperate and the future looks bleak, but when I think of what will become possible in life if I become a successful trader makes me pull myself together.
I need a more powerful CPU at VPS, but I cannot afford it right now.
If the account equity reaches a new high, there will be some slight hope that the system may prove to be successful.
But, honestly, it would take at least 1 or even 2 years to be certain.
Continue reading books on trading and trading psychology and learning. Continue to modify the strategies and optimize.
Forex is treacherous, and there are times when I feel desperate and the future looks bleak, but when I think of what will become possible in life if I become a successful trader makes me pull myself together.
Hey, what about MY dreams?
Today my VPS hung up, which is partially my fault, I overloaded it. I had to restart it and install cBots again, etc. I had to close lots of trades, Even though I closed them with a profit, I am not happy. Really need a more powerful CPU, but it's beyond my means now. Well, I will try to reboot the VPS each weekend now and restart the cTrader platform and re-start cBots.
Each failure is like a lesson. It's better to go through them all when the account is still small :)
Each failure is like a lesson. It's better to go through them all when the account is still small :)
Hey, what about MY dreams?
Well, looks like this month will be my last month of trading.
Last month I lost 13%, and it seems that my strategies do not work well on live real markets.
Last month I lost 13%, and it seems that my strategies do not work well on live real markets.
Hey, what about MY dreams?
I plan to shut down my strategies during this weekend. I need to analyze the results and see how I can improve the situation.
Hey, what about MY dreams?
Decided to give it another month or two. I stopped those cBots whose behaviour on live markets was most different from backtesting results.
Hey, what about MY dreams?
ForexVPS is stingy, here's the review I left for them:
https://www.myfxbook.com/reviews/vps-services/forexvpsnet/616744,1
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I've been using ForexVPX since Oct 2015. The latency is good, everything is fine. BUT...
I recently increased the volumes traded and I thought that I am entitled to their advertised free VPS offer (https://www.forexvps.net/free/pepperstone) as I've been trading more than 10 lots per month (this is the criteria). This is what the offer says:
'Trade just 10 standard lots* per month and your VPS will be completely FREE!
* Previously 15 lots per month. Lock-in just 10 lots required per month instead!
Limited time offer.'
First, I was told that only MT4 platforms are entitled. I use cTrader. After negotiations, they said cTrader is ok. BUT...
UNFORTUNATELY (for me) 10 lots per month apply, allegedly, to Pepperstone Standard accounts only, not Pepperstone Razor accounts, which I happen to have. You see, Razor accounts require trading 30 lots per month, they said.
ForexVPX just makes new rules as they go to deny you the free offer.
But other than this unexpected stinginess, ForexVPX is ok - as long as your PC use is below 70-80%.
---
https://www.myfxbook.com/reviews/vps-services/forexvpsnet/616744,1
---
I've been using ForexVPX since Oct 2015. The latency is good, everything is fine. BUT...
I recently increased the volumes traded and I thought that I am entitled to their advertised free VPS offer (https://www.forexvps.net/free/pepperstone) as I've been trading more than 10 lots per month (this is the criteria). This is what the offer says:
'Trade just 10 standard lots* per month and your VPS will be completely FREE!
* Previously 15 lots per month. Lock-in just 10 lots required per month instead!
Limited time offer.'
First, I was told that only MT4 platforms are entitled. I use cTrader. After negotiations, they said cTrader is ok. BUT...
UNFORTUNATELY (for me) 10 lots per month apply, allegedly, to Pepperstone Standard accounts only, not Pepperstone Razor accounts, which I happen to have. You see, Razor accounts require trading 30 lots per month, they said.
ForexVPX just makes new rules as they go to deny you the free offer.
But other than this unexpected stinginess, ForexVPX is ok - as long as your PC use is below 70-80%.
---
Hey, what about MY dreams?
The recent period was hard and emotionally gruelling.
You can see yourself that the equity nearly touched the bottom in early June.
The equity curve 'flew over the cuckoo's nest'.
I persisted... I spent a lot of time thinking about the behavior of my strategies and their inner logic and tried to improve some aspects. Mostly, I simplified my strategies. I also read a bunch of trading books and web sites during this period and implemented some ideas I found there.
Really disappointed with Forexvps.net and how they did not honor their free offer proposal. A free VPS would help me greatly. My account is under-capitalized and paying monthly $32 means that I need to generate at least 1% profit each month just to cover my VPS expenses. It creates a barrier which I, as an amateur trader, find it quite difficult to overcome.
But, technically, Forexvps.net is (has been) ok, and I will stay with them.
One dilemma I cannot decide is whether I should close all open positions, as one basket, and exit into cash manually when I see the the account equity curve rose more than 4-5%. Or, should I exercise discipline and let the robots do what they do.
You can see yourself that the equity nearly touched the bottom in early June.
The equity curve 'flew over the cuckoo's nest'.
I persisted... I spent a lot of time thinking about the behavior of my strategies and their inner logic and tried to improve some aspects. Mostly, I simplified my strategies. I also read a bunch of trading books and web sites during this period and implemented some ideas I found there.
Really disappointed with Forexvps.net and how they did not honor their free offer proposal. A free VPS would help me greatly. My account is under-capitalized and paying monthly $32 means that I need to generate at least 1% profit each month just to cover my VPS expenses. It creates a barrier which I, as an amateur trader, find it quite difficult to overcome.
But, technically, Forexvps.net is (has been) ok, and I will stay with them.
One dilemma I cannot decide is whether I should close all open positions, as one basket, and exit into cash manually when I see the the account equity curve rose more than 4-5%. Or, should I exercise discipline and let the robots do what they do.
Hey, what about MY dreams?
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