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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
Ozzie Matt (aeronthomas)
May 01 2015 at 01:37
1557 posts
Wow still going lucky to recover from 69% drawdown

Irishmist
May 01 2015 at 07:50
136 posts
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.




FXtrader2010
May 01 2015 at 20:42
724 posts
Irishmist posted:
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.



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

Irishmist
May 04 2015 at 17:10
136 posts
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 No system is fool proof and sooner or later you will get a blow out, You would hope that you have withdrawn twice your funds before that happens.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 :)

Irishmist
May 06 2015 at 06:00
136 posts
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

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kam4ik
Jun 02 2015 at 14:17
18 posts
Фигня какая-то с мониторингом. Откуда взялась просадка в 69%???

R3DWiNG
Aug 21 2015 at 14:43
85 posts
what happened why did it stop updating?

Irishmist
Aug 21 2015 at 15:41
136 posts
yes its worrying it has stopped updating although the NZDCAD trade did close with a profit but AUDNZD seems running away with no end at sight???

R3DWiNG
Aug 21 2015 at 16:08
85 posts
i think their nzdcad trade didnt close yet. and audnzd didnt also.
my nzdcad didnt close yet due to high spread.

Irishmist
Aug 21 2015 at 16:38
136 posts
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

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