Well, I would say I am more comfortable with 0.2 lots than using the MM. This is just a personal preference. When I am comfortable with more lots, I would increase it manually.
I dont see any cons on using the MM.
By the way, 5% of MM on a FXOpen ECN account with equity 3000 mean that the lot size would be 0.15, but since the MM is based on equity the more trades are open, the equity may tend to decrease when the trades are open and there are chances that we may miss trades if the lot size goes below 0.1. Fxopen ECN min lot size is 0.1, and this is the other reason im running it wiht manual lotsize so I dont miss any trades.
We are working on Photon Evo 1.1 which will increase the number of trades over all, and also decrease the number of trades per pair. We are testing the GBPUSD pair currently, which is does not perform to the expectation. Probably, we might not use it when Evo 1.1 is released.
can you tell me the ea what the most suitable for use in a fixed currency. I want the system to stabilize, rather than have to delete or add currency for each update. and I've found updated version of fast.
Yes, I am striving to get the stoploss within 40 pips, and the reason is, 90% of the times it crosses 30 pips its gonna hit 40 pips. How ever there will not be any change in Take Profit, Max Trades now can be chosen. Frequency of trades for all the pairs is greatly increased, so there is active trading. I seriously regret for the losses on USDCAD. This as well is tackled in 1.1a.
More than 70% of the times it crosses 40 pips, it retraces back and goes in our direction, this was considered for Evo 1.0 and the reason for 60 pips SL
I believe all of you expect a very reliable version? Isn't a version before getting released expected to be tested in LIVE? Thats what we are doing. We are seeing the performance as to how it reflects in the LIVE account. If you had read the email if everything goes well, it will be released by the end of this week.
Apologies. Didnt mean to be aggressive, everything almost over with the testing, just a few things we are trying to understand with the current LIVE testing. Its still 2nd week, so we still have time...
Hope everything goes well with the testing, will be waiting patiently for next update even if you need to take a little longer to finalise. Better to get it right 1st time rather then have to hastily release a fix a few days later. :)
'stopped using the Photon after facing a 50% drawdown . During some kind of market conditions the robot is doing well but during difficult trading conditions it produces really scary draw downs.'
'I have removed Forex Photon Evo from trading.
In the many months I have been demo trading this EA and the brief period I dared to live trade it, the EA has proven itself to be very chaotic. As an example, shortly after I upgraded the EA to Evo, the EA had a massive losing trade where it lost 60.09% of equity in one trade. True, I was running Evo at 10% risk but even at 1%, that would be over 6% loss.'
'I was one of the users when the original Photon came out. After my backtesting, I asked for a refund and the photon guy was resisting. He was giving a bunch of mumbo joumbo like you don't even know what you are talking about etc; similar with what you are facing.
When he came out with the new version, I never even bother to try. My judgment was correct so far. Let this thing pass. It's just another dog. I believed in your judgment as well. Good one.'
'Looks like the vendor shows very good results but users loose money'
'Start date: Aug 31, 2010 Stop date: Oct 7, 2010
In that period, Forex Photon made lots of trades (62) and I ended up $42.17 in the red. I pulled the EA before it could do more damage. IMHO, the only ones who got rich from Forex Photon where the EA developer (at $149 a pop) and my broker .
My only regret is not getting a refund when I could have.
'I just read at 4xproject.com that they have also stopped live trading of Forex Photon. In their running of this EA, it lost 57% of the account equity in 39 weeks.'
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