Inertia Trader (by babyjake1961) Quick Stats
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Inertia Trader Discussion
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babyjake1961

Member Since Mar 31, 2016  70 posts babyjake1961 Feb 05 2017 at 12:25
robotchallenge posted:
aeronthomas posted:
robotchallenge posted:
babyjake1961 posted:
robotchallenge posted:
babyjake1961 posted:
While the remaining 3 closed in hefty profit.

That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.


Have you backtested the EA? Further, one can set any lot size they like.


I can see by the available live accounts, had the last trades all lost then about a 60% DD would have been easily achievable. A backtest isn't needed to find the obvious. It is inevitable.
so is the default maximum risk around 10% per trade, and with upto 6 trades possible it's maximum drawdown 60%, so to set maximum risk at 30% drawdown, you would just manually change the lot size to half the default lot size the EA suggests for your account size? I couldn't see under settings anywhere to set a risk per trade, for the EA to then automatically determine the lot size based on this. So as the account balance grows you would have to manually adjust the lot sizing? thanks.


I have mine set at 5% or half of default. I am assuming that 60% DD is achievable if the EA misses a few in a row, just add it up and assume the worse case scenario. And I am not really calculating 60% DD based on just missing 6 trades in one basket, I am more worried about a few baskets in a row, which will happen, and when it does, how will that look? Why the vendors account seems to have such large changes in lot size is a mystery to me since mine are adjusting smoothly with equity.

Risk preferences are a highly individual matter. We are confident about our product and trade our risk capital, so we don't mind bigger drawdowns. Quite a few EA customers like 'going all in' for short-term superprofits while others trade what they can't afford to lose. As we don't know who's who, we let them pick their risk levels on their own.

babyjake1961

Member Since Mar 31, 2016  70 posts babyjake1961 Feb 05 2017 at 15:53
SleepingFX posted:
babyjake1961 posted:
SleepingFX posted:
anyone like me still have 2 open trades? I just closed one in profit.

What broker are you with?


Forts, (Previous: TradeFort)

For the same results, we suggest the same broker we use (FXChoice).

aeronthomas

Member Since Dec 04, 2010  1557 posts Ozzie Matt (aeronthomas) Feb 06 2017 at 02:47
babyjake1961 posted:
robotchallenge posted:
aeronthomas posted:
robotchallenge posted:
babyjake1961 posted:
robotchallenge posted:
babyjake1961 posted:
While the remaining 3 closed in hefty profit.

That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.


Have you backtested the EA? Further, one can set any lot size they like.


I can see by the available live accounts, had the last trades all lost then about a 60% DD would have been easily achievable. A backtest isn't needed to find the obvious. It is inevitable.
so is the default maximum risk around 10% per trade, and with upto 6 trades possible it's maximum drawdown 60%, so to set maximum risk at 30% drawdown, you would just manually change the lot size to half the default lot size the EA suggests for your account size? I couldn't see under settings anywhere to set a risk per trade, for the EA to then automatically determine the lot size based on this. So as the account balance grows you would have to manually adjust the lot sizing? thanks.


I have mine set at 5% or half of default. I am assuming that 60% DD is achievable if the EA misses a few in a row, just add it up and assume the worse case scenario. And I am not really calculating 60% DD based on just missing 6 trades in one basket, I am more worried about a few baskets in a row, which will happen, and when it does, how will that look? Why the vendors account seems to have such large changes in lot size is a mystery to me since mine are adjusting smoothly with equity.

Risk preferences are a highly individual matter. We are confident about our product and trade our risk capital, so we don't mind bigger drawdowns. Quite a few EA customers like 'going all in' for short-term superprofits while others trade what they can't afford to lose. As we don't know who's who, we let them pick their risk levels on their own.
It would be very useful to have a max risk per trade setting in % terms so the EA could calculate the lot size for each trade based on the hard SL. Most EAs offer a feature like this. Would save a lot of time, customers really shouldn't have to run back tests to determine lot sizing...

bounty_hunt3r

Member Since Aug 16, 2016  19 posts bounty_hunt3r Feb 06 2017 at 04:45
To be honest, why waste time using other brokers to test or something, I am using the same brokers as the seller, and I am getting almost the same results as him.

babyjake1961

Member Since Mar 31, 2016  70 posts babyjake1961 Feb 06 2017 at 07:23
aeronthomas posted:
babyjake1961 posted:
robotchallenge posted:
aeronthomas posted:
robotchallenge posted:
babyjake1961 posted:
robotchallenge posted:
babyjake1961 posted:
While the remaining 3 closed in hefty profit.

That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.


Have you backtested the EA? Further, one can set any lot size they like.


I can see by the available live accounts, had the last trades all lost then about a 60% DD would have been easily achievable. A backtest isn't needed to find the obvious. It is inevitable.
so is the default maximum risk around 10% per trade, and with upto 6 trades possible it's maximum drawdown 60%, so to set maximum risk at 30% drawdown, you would just manually change the lot size to half the default lot size the EA suggests for your account size? I couldn't see under settings anywhere to set a risk per trade, for the EA to then automatically determine the lot size based on this. So as the account balance grows you would have to manually adjust the lot sizing? thanks.


I have mine set at 5% or half of default. I am assuming that 60% DD is achievable if the EA misses a few in a row, just add it up and assume the worse case scenario. And I am not really calculating 60% DD based on just missing 6 trades in one basket, I am more worried about a few baskets in a row, which will happen, and when it does, how will that look? Why the vendors account seems to have such large changes in lot size is a mystery to me since mine are adjusting smoothly with equity.

Risk preferences are a highly individual matter. We are confident about our product and trade our risk capital, so we don't mind bigger drawdowns. Quite a few EA customers like 'going all in' for short-term superprofits while others trade what they can't afford to lose. As we don't know who's who, we let them pick their risk levels on their own.
It would be very useful to have a max risk per trade setting in % terms so the EA could calculate the lot size for each trade based on the hard SL. Most EAs offer a feature like this. Would save a lot of time, customers really shouldn't have to run back tests to determine lot sizing...

There's no hard SL here - it's set dynamically and differs from trade to trade. So what you want is not possible.

SleepingFX

Member Since May 08, 2012  54 posts SleepingFX (SleepingFX) Feb 06 2017 at 07:36
babyjake1961 posted:
SleepingFX posted:
Hi, the last 2 trades closed in loss for me. Does anyone have new open trades like this account after NFP yesterday? I got none.

Does your broker have a name?


https://www.fortfs.com/
Fort Financial Services

babyjake1961

Member Since Mar 31, 2016  70 posts babyjake1961 Feb 06 2017 at 08:12
SleepingFX posted:
babyjake1961 posted:
SleepingFX posted:
Hi, the last 2 trades closed in loss for me. Does anyone have new open trades like this account after NFP yesterday? I got none.

Does your broker have a name?


https://www.fortfs.com/
Fort Financial Services

We suggest using the same broker we do (FXChoice) for the same results.

VMAZZETTO

Member Since Jan 30, 2016  14 posts VMAZZETTO Feb 09 2017 at 12:42
Please I receive a email informing about the value of 147 usd but i checked in the site the value was 347 usd

Is not 147usd ?

viniciusmazzetto@
babyjake1961

Member Since Mar 31, 2016  70 posts babyjake1961 Feb 09 2017 at 19:44
VMAZZETTO posted:
Please I receive a email informing about the value of 147 usd but i checked in the site the value was 347 usd

Is not 147usd ?

When did you receive that email?

reinerh

Member Since Nov 06, 2009  44 posts reinerh Feb 09 2017 at 21:44
how come you are not showing your gu version ??

i heard it runs quite well, almost better then eu.

or is it showing somewhere and i have not found it ??

fidelitasllc@
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