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Flex EA - TrendSurfer - REAL (by flexea)

Gain: +125.27%
Drawdown: 74.48%
Pips: 6336.3
Trades: 434
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated
Pablo51
Apr 23 2016 at 15:58
91 posts
Hi Glenn,

Yes I believe it is precisely because of the TrendHybrid. TrendHybrid is a great feature for strategies like Trendsurfer as it avoids a basket of orders being open for a long, long time increasing the equity DD. The problem is that I believe it is not properly implemented. Let me give you an example.

This is what happens. Let's say a buy order is open let say at 100 level. Let's imagine price climbs to 121. EA opens a second buy order and that is ok. Let's say that price then drops back to 100. Ea opens a new buy order duplicating the already existing one.. Price climbs back to 121. Ea opens another buy order.

In summary for a trip of 21 pips the EA opened 4 orders instead of 2 which is what it was supposed to be the case.

I believe the TrendHybrid should recognise the area covered by already opened orders and not duplicate them. In the example before, EA should not open additional orders between 100 and 121.It may be open at 141 or 79 and so on.

Obviously I am not the programmer and things which are easy to say are very difficult to implement.

Regards.

Glenn (sheltongw)
Apr 24 2016 at 02:53
65 posts
Hi Pablo51. That sounds like a great suggestion.

Sometimes you get the bear; sometimes the bear gets you.
Сергей (Serg987)
Apr 24 2016 at 06:14
13 posts
And what was the close at loss USD/CAD, manually or EA itself closed?

nakos
Apr 24 2016 at 14:43
9 posts
Are you guys using the new version on real accounts? I see from the website is still 'beta'...

Glenn (sheltongw)
Apr 24 2016 at 22:50
65 posts
I'm using the version 3.33.

Sometimes you get the bear; sometimes the bear gets you.
successwill
Apr 25 2016 at 06:27
247 posts
'2. Added a new feature called TrendHybrid which is a toggle on/off mode. When toggled on and used with TrendSurfer it will make Flex open its additional orders when the price moves both in favor of the previous trade by +21 pips, or against the previous trade by -21 pips. This can help get out of drawdowns quicker instead of leaving Flex to hang on to small trendsurfer baskets for ages. So basically if the price goes against TrendSurfers initial trade, it will use the Default strategy until the price reverses in it's favor, and then continue stacking trades going with the trend.'

My tests with trendsurfer shows that the best risk is 0,5 instead of 0,2 because when using 0,5 the trade can reach 2% EquityTrailTP sooner (usually after 3rd trade).. Otherwise with lower risk it may miss the profit if market returns back as it happened with this account. So the EA opened 4th USDJPY trade 0,22 x 1,7 = 0,37 and this is partially the reason for 21,85 % DD.

Here i wonder if the market keeps moving against us the EA will open 4 more trades and this may generate larger DDs.. I think to keep the DD low we should have the chance to set TrendHybrid to x3Retrace or maybe FlexHybrid..I mean we should take it to a safe zone..


Glenn (sheltongw)
Apr 29 2016 at 03:17
65 posts
I like the idea of being able to choose which strategy to set as our 'back up' strategy if the TrendSurfer has the market take a turn against us.

Sometimes you get the bear; sometimes the bear gets you.
successwill
Apr 30 2016 at 20:52
247 posts
As far as i learnt, TrendHybrid works differently from i thought.. It seems to open only one trade against an unexpected reversal

Exeight
May 01 2016 at 07:12
3 posts
successwill posted:
As far as i learnt, TrendHybrid works differently from i thought.. It seems to open only one trade against an unexpected reversal


I'm not so sure about that. On mine, it kept opening trades roughly every 20 pips until it hit its max 12 trades and stacked up 1.87 lots of exposure, which is strange because I have the set file loaded that was posted earlier with 5/5 max.
The trades did eventually close for 12% a couple hours after the last one opened at 0.46 lots, but I can only imagine the drawdown that could be created in a short period of time if the trend continued to go against the EA.

Glenn (sheltongw)
May 04 2016 at 12:58
65 posts
Hi all, be sure to set your risk levels (drawdown settings, lot size, stop losses to what you are comfortable with). Steve's overall trading strategy incorporates the fact that he has many live accounts, so he accepts that one or two may bust, in return for high gains on the remaining accounts.

Unless you have multiple accounts trading as he does, you will need more conservative settings. I've been doing good with my settings and happy with a 1% average daily return.

Sometimes you get the bear; sometimes the bear gets you.
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