Gnosis (By veliki)
The user has deleted this system.
Gnosis Discussion
Jan 26, 2011 at 00:06
686 Views
2 Replies
Feb 10, 2011 at 12:32
(edited Feb 10, 2011 at 12:32)
Oops Metatrader crashed on my VPS on Jan 25th and I didn't notice until now (I was out of town traveling). Up and running again. May start on live account soon.
"Most of the time capital preservation is more important than capital speculation, and at other times it's twice as important" SEC File 05-007-03
Feb 27, 2011 at 14:35
are you selling your EA? Please email me [email protected]
Feb 28, 2011 at 03:09
Thanks for the interest. This EA is pretty risky. It uses a type martingale technique. I love statistics so I tried an EA that is based on the principle of reversion to the mean and that the market is NOT a true random walk and must succumb to economic and psycholigical forces. In other words if the market moves in one direction it must at some point rebound back to the average directional movement (have a retracement). Directional market moves are finite before a retracement and if you can limit the risk and absorb a large directional movement eventually you must make profit. In practicality trading this way without limitations on the risk doesn't fit with my trading personality.
I have it trading here without stop loss or limitations on drawdown. For this reason I do not feel it is complete and is unsafe as I have not added a loss limit program to the EA yet but plan to. I have been experimenting with other ways to do this based on chart indicators and am still working on this.
It trades well on Instaforex because of high margin and low stop out level 20 %. At these risk levels it wouldn't last a week on the US 1:50 margin levels and high stop out levels. I had opened a live account with Instaforex (Micro lots) to try trading this EA with a small account and with much lower risk. However, when I went to deposit I found out that like many foreign brokerages they have blocked US traders. In fact this demo account keeps disconnecting and I think its because of my US IP address. I can’t blame the brokerages because it’s the US’s own CFTC bullying foreign brokers. To go off on a random tirade I am so irritated with the US CFTC suing any foreign brokerage firm willing to allow US account holders. Yes I live in the US and its my money, I can decide where I want to deposit it and how risky I wish to trade. The US has no problem with selling lottery tickets to the destitute or with the population squandering their life savings in Las Vegas but the CFTC says an experienced trader can't open a forex account with margin greater than 1:50, give me a break.
Anyway, this EA is not for sale. I'll keep trying to improve this EA and make the risk tolerable.
I have it trading here without stop loss or limitations on drawdown. For this reason I do not feel it is complete and is unsafe as I have not added a loss limit program to the EA yet but plan to. I have been experimenting with other ways to do this based on chart indicators and am still working on this.
It trades well on Instaforex because of high margin and low stop out level 20 %. At these risk levels it wouldn't last a week on the US 1:50 margin levels and high stop out levels. I had opened a live account with Instaforex (Micro lots) to try trading this EA with a small account and with much lower risk. However, when I went to deposit I found out that like many foreign brokerages they have blocked US traders. In fact this demo account keeps disconnecting and I think its because of my US IP address. I can’t blame the brokerages because it’s the US’s own CFTC bullying foreign brokers. To go off on a random tirade I am so irritated with the US CFTC suing any foreign brokerage firm willing to allow US account holders. Yes I live in the US and its my money, I can decide where I want to deposit it and how risky I wish to trade. The US has no problem with selling lottery tickets to the destitute or with the population squandering their life savings in Las Vegas but the CFTC says an experienced trader can't open a forex account with margin greater than 1:50, give me a break.
Anyway, this EA is not for sale. I'll keep trying to improve this EA and make the risk tolerable.
"Most of the time capital preservation is more important than capital speculation, and at other times it's twice as important" SEC File 05-007-03
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
