Advertisement
FX Hunter Real (By FX_Hunter_net )
| Gain : | +31609.82% |
| Drawdown | 27.63% |
| Pips: | 11441.6 |
| Trades | 4004 |
| Won: |
|
| Lost: |
|
| Type: | Real |
| Leverage: | 1:1000 |
| Trading: | Automated |
FX Hunter Real Discussion
Member Since Dec 04, 2010
1447 posts
May 01, 2015 at 01:37
Wow still going lucky to recover from 69% drawdown
May 01, 2015 at 07:50
The audnzd characteristics definately changed due to the interest rate differentials and the RBNZ and RBA both trying to talk both currencies down. The banks have adjusted their algorithms to avoid being killed by the scalping audnzd algorithms which have been rendered useless now. The strategy is good it just needs to have larger steps to lower the drawdowns, maximize on profits and stay the distance over a 600 pip move
Might sound easy but it takes hundreds of hours of backtests to get the right setfile to do the job.
Might sound easy but it takes hundreds of hours of backtests to get the right setfile to do the job.
Time is Money
Member Since May 20, 2011
694 posts
May 01, 2015 at 20:42
(edited May 01, 2015 at 20:42)
Irishmist posted:Im afraid whether you like it or not any martingale is just a ticking timebomb. It may not happen today ,next month, next year, but you can guarantee there will be aimer at your head on day you will blow. And the longer you go, probably the more painful it is when it does. Best just to use sound money management get out when wrong and then re access. You wont ever be a full time trader with ANY type of martingale system, period. Never
The audnzd characteristics definately changed due to the interest rate differentials and the RBNZ and RBA both trying to talk both currencies down. The banks have adjusted their algorithms to avoid being killed by the scalping audnzd algorithms which have been rendered useless now. The strategy is good it just needs to have larger steps to lower the drawdowns, maximize on profits and stay the distance over a 600 pip move
Might sound easy but it takes hundreds of hours of backtests to get the right setfile to do the job.
May 04, 2015 at 17:10
(edited May 04, 2015 at 17:12)
whats a full time trader m8. You need to have a plan, strategy , system and most of all discipline. Don't preach to an old crow who has been trading 30 years. No system is fool proof and sooner or later you will get a blow out, You would hope that you have withdrawn twice your funds before that happens. This is retail forex for you
Once you get on the institutional level its totally a different ball game as you would be using neural networks and artificial intelligence which I don't think that you or anyone that is on myfxbook can afford.
Trading baskets or single positions with a TP and a stop loss with trailing stops blah blah blah
To each his own way to trade the markets. This algorithm is excellent martingale or whatever it still is working fine. If you cant stand the heat get out of the kitchen :)
Once you get on the institutional level its totally a different ball game as you would be using neural networks and artificial intelligence which I don't think that you or anyone that is on myfxbook can afford.
Trading baskets or single positions with a TP and a stop loss with trailing stops blah blah blah
To each his own way to trade the markets. This algorithm is excellent martingale or whatever it still is working fine. If you cant stand the heat get out of the kitchen :)
Time is Money
May 06, 2015 at 06:00
The risks compared to the rewards and duration of the trades on the AUDNZD have become diabolically dangerous. It hardly makes any trading range during the trading days and keeps moving up or down in straight 100+ pip flags and consolidates until the next set of numbers. I suggest either finding another tradeable pair or using a breakout strategy to trade the AUDNZD as its characteristics have completely changed you cant scalp it nor you can trade it for a volatility retracement. If anything this would be the pair to blow any account. Its too dangerous to trade against its trend for a retracement. Lucky twice the 3rd it will drag until it blows
Attachments:
Time is Money
Aug 21, 2015 at 16:38
(edited Aug 21, 2015 at 16:39)
NZDCAD already closed I think they also closed. I just have the AUDNZD and thinking of the worst as the NZD is being used as a safe haven with the equities market crashing including the JPY and the EUR the rest of the currencies are just consolidating and unmoved.
Lets face it it is not a normal forex market and I am contemplating taking a loss although I could have closed it with a profit minus 3 pips 2 days ago but 100+ pips drops on a daily basis is not very comforting.
I wish they built in an option where the user can adjust the amount of profit pips he is happy with.
You should have correlated pairs blocked in markets like this staying short NZDCAD and long AUDNZD would double the risk and the drawdown
After NZDCAD closed I tuned CB ON
Lets face it it is not a normal forex market and I am contemplating taking a loss although I could have closed it with a profit minus 3 pips 2 days ago but 100+ pips drops on a daily basis is not very comforting.
I wish they built in an option where the user can adjust the amount of profit pips he is happy with.
You should have correlated pairs blocked in markets like this staying short NZDCAD and long AUDNZD would double the risk and the drawdown
After NZDCAD closed I tuned CB ON
Time is Money
forex_trader_186239
Member Since Apr 15, 2014
224 posts
Aug 23, 2015 at 06:17
What is the maximal risk of this system in % of capital ?
Member Since May 20, 2011
694 posts
Aug 23, 2015 at 09:11
This EA is valid an I am also using EURCHF now. although I am not compounding with higher lots, just sticking to .01 star lot because over time, my risk will decrease as balance gets bigger so one day when I do face big trend, wont get wiped out, and I will get a nice extra 200/300 $ a month from this.
Aug 23, 2015 at 20:45
If you care to look the EA and all the setfiles have been updated in version 1.12. The developer also added EURGBP so now its 6 files trading. The only question is with the open AUDNZD trades at level 5 they where open with the previous setfile using AUDNZD M15 the new version is using AUDNZD M5 in 1.12
I am not sure if we continue to use the AUDNZD M15 until the basket actually closes or use the AUDNZD M5? I missed the close on this basket by 3 pips at 1.11823. Anyway been in longer drawdowns with the AUDNZD and have no doubt it will eventually close
I personally have limited the trading pairs now to 1 pair after the NZDCAD Basket closed at 8655. It seems to work extremely well with my existing broker as all my entries and exists are better then the developers monitoring account on myfxbook.
The EA is excellent mind you you are not dealing with a normal market especially after China devalued the CNY and Crude traded below 39 with the equity markets in a deep correction. Every August its real crap and a crisis just seems to brew while everyone is on the beach.
I am not sure if we continue to use the AUDNZD M15 until the basket actually closes or use the AUDNZD M5? I missed the close on this basket by 3 pips at 1.11823. Anyway been in longer drawdowns with the AUDNZD and have no doubt it will eventually close
I personally have limited the trading pairs now to 1 pair after the NZDCAD Basket closed at 8655. It seems to work extremely well with my existing broker as all my entries and exists are better then the developers monitoring account on myfxbook.
The EA is excellent mind you you are not dealing with a normal market especially after China devalued the CNY and Crude traded below 39 with the equity markets in a deep correction. Every August its real crap and a crisis just seems to brew while everyone is on the beach.
Time is Money
Aug 24, 2015 at 01:09
(edited Aug 24, 2015 at 01:13)
Irishmist posted:
how can you still follow their developer myfxbook? it's in private.
do you mind telling us ur broker? :)
i still wont trade auznzd.
let it pass by a year.
i noticed u're using this one with powerflow on different currency symbol charts.
Aug 24, 2015 at 01:15
(edited Aug 24, 2015 at 01:20)
The AUDNZD file has been revised last May its a lot more conservative compared to the old file that put in the 69% drawdown that nearly blew the developers account.
I am using global prime https://www.globalprime.com.au/. Excellent full transparent broker with tight spreads and excellent executions.
Check out the reviews on forexperacearmy.com think they still have 5 stars
I am not using powerflow sorry to say powerflow sucks as I watch all the grid traders.It already blew too many accounts
I started out using my own EA's which are grid scalping traders. But found out that this system is a lot better than my own.
I am using global prime https://www.globalprime.com.au/. Excellent full transparent broker with tight spreads and excellent executions.
Check out the reviews on forexperacearmy.com think they still have 5 stars
I am not using powerflow sorry to say powerflow sucks as I watch all the grid traders.It already blew too many accounts
I started out using my own EA's which are grid scalping traders. But found out that this system is a lot better than my own.
Time is Money
