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Forex COMBO System - PAMM account (By www.forex-combo.com )

The user has deleted this system.

Forex COMBO System - PAMM account Discussion

Sbenben92
Sep 29 2010 at 08:23
5 posts
Hello,

Is it the same setting with this account : https://www.myfxbook.com/members/fxcombo/forex-combo-system/41297
Because i see a lot of difference and a buy stop !!
I never see a buy stop with forex combo EA !

Sincerely

www.forex-combo.com
Sep 29 2010 at 12:22
61 posts
Hello,

Yes, on the Alpari PAMM account we use the same settings, as on our commercial version of FOREX COMBO SYSTEM. The only difference will be the exit of the breakout strategy - if we decide that the realized profit is good enough we will close by hand.

This Buy Stop order is a myfxbook's requirement for a verification of this account.

Regards!

dennis518
Oct 08 2010 at 03:51
5 posts
www.forex-combo.com
Oct 08 2010 at 17:33
61 posts
It is verified now.

Regards!

dennis518
Oct 08 2010 at 17:34
5 posts
james_phuc28
Oct 09 2010 at 14:39
23 posts
Hi,

On your PAMM Account, how much % risk are you applying ? 2%, 3%, 5%, or 10% ?

Have your ever tried to use higher risk % than usual to backtest and forward-test your Forex Combo EA to see how it could survive for the past 2 years up to this time ?

The best way to judge if an EA is long-term profitable one, we should backtest and forward-test it (even on demo account) with high risk % like, for example, 10% or 15% or even 20% risk.

Then, if the EA can survive and still make consistent profits on both backtesting and forward-testing results, we can use it on live accounts with normal risk % such as: 2% up to 5% maximum, and we will feel confident about the EA's profits to be made every month without any concern about margin call.

Put an EA on the most difficult situations, and it it still can survive and make good profits with low max drawdown, relative drawdown under 20%, then, there is almost no risk if we use much lower risk % from 2% to 5% maximum.

How do you think about my ideas and suggestions ?

Regards,

James

www.forex-combo.com
Oct 09 2010 at 18:50
61 posts
The risk is 5% from the account, per trade, on each 100 pips loss. By my opinion 5% risk per trade, should be the limit for a reasonable trading. 10% risk is a gambling, but in principle I am agree with you.

Regards!

james_phuc28
Oct 09 2010 at 19:10
23 posts
Hi FXautomater,

Ok. Thanks for your information.

By the way, some of my friends have bought your eas, and now, still forward-testing it on their demo accounts at different brokers.

They told me that the Trailing stop on breakout strategy and countertrend strategy does not work very well, and often, it lose back the hard-earned pip gain back to the market.

I opened my charts, paid attention to those closed trades on their history, I found out some good suggestions on how to improve the trailing stop on these 2 trading strategies.

I already posted my ideas and suggestions on your other threads. Please visit it, and consider if you can make / improve the trailing stops on the Breakout and Countertrend systems like my suggestions or not.

If you can do that in your next version, then, I will ask more of my new friends to support you by buying your ea.

Anyhow, I noticed from the closed trades that your 3 systems did a good job in triggering a reasonable price, but the better trailing stop function can help improve more profits and reduce max drawdown by limiting the losses of false breakout and losing trades on countertrend system.

James

www.forex-combo.com
Oct 09 2010 at 20:31
61 posts
Hello James,

I know, the people wants perfect trades always ... and me too, but this is impossible. I would like to assure you, that this trailing stop algorithm is a product of many tests and experiments and it is not the first thing passed trough my mind. This strategy is a big movement hunter. If you use a sensitive, tight trailing stop you will get 20 or 50 and maybe 100 pips, but never more then 200. The other thing is that the trailing is not the only positions exit. In fact this strategy works fine even without a trailing stop.

Nevertheless, I do appreciate all your suggestions and of course I will try to make this strategy even better in future.

Regards!

ShaKerZ
Oct 10 2010 at 10:33
31 posts
Hi,

Is that possible that the trailing stop is not the only exit strategy beakout?
A trade this week had a stop-loss equivalent to breakeven and yet he has not closed at this time, but with a profit of 20 pips?

Thanks.

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