Inertia Trader (By babyjake1961)
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Inertia Trader Discussion
Member Since Dec 07, 2009
134 posts
Feb 03, 2017 at 14:42
Member Since Dec 07, 2009
134 posts
babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
Be afraid, very afraid?
Member Since Dec 04, 2010
1557 posts
Feb 04, 2017 at 01:49
Member Since Dec 04, 2010
1557 posts
robotchallenge posted: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.babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
Member Since Dec 07, 2009
134 posts
Feb 04, 2017 at 17:01
Member Since Dec 07, 2009
134 posts
aeronthomas posted:robotchallenge posted: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.babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
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.
Be afraid, very afraid?
Member Since Mar 31, 2016
70 posts
Member Since Mar 31, 2016
70 posts
Feb 05, 2017 at 07:40
Member Since Mar 31, 2016
70 posts
robotchallenge posted:Again, what would prevent you from using a smaller lot size if you can't stomach the bigger drawdowns?babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
Member Since May 08, 2012
60 posts
Member Since Mar 31, 2016
70 posts
Feb 05, 2017 at 08:09
Member Since Mar 31, 2016
70 posts
aeronthomas posted:Just backtest the EA with different lot sizes to determine your personal risk preferences.robotchallenge posted: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.babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
Member Since May 08, 2012
60 posts
Member Since Mar 31, 2016
70 posts
Member Since Mar 31, 2016
70 posts
Feb 05, 2017 at 12:25
Member Since Mar 31, 2016
70 posts
robotchallenge posted: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.aeronthomas posted:robotchallenge posted: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.babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
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.
Member Since Mar 31, 2016
70 posts
Feb 05, 2017 at 15:53
Member Since Mar 31, 2016
70 posts
SleepingFX posted:For the same results, we suggest the same broker we use (FXChoice).babyjake1961 posted:SleepingFX posted:What broker are you with?
anyone like me still have 2 open trades? I just closed one in profit.
Forts, (Previous: TradeFort)
Member Since Dec 04, 2010
1557 posts
Feb 06, 2017 at 02:47
Member Since Dec 04, 2010
1557 posts
babyjake1961 posted: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...robotchallenge posted: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.aeronthomas posted:robotchallenge posted: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.babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
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.
Member Since Aug 16, 2016
19 posts
Member Since Mar 31, 2016
70 posts
Feb 06, 2017 at 07:23
Member Since Mar 31, 2016
70 posts
aeronthomas posted:There's no hard SL here - it's set dynamically and differs from trade to trade. So what you want is not possible.babyjake1961 posted: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...robotchallenge posted: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.aeronthomas posted:robotchallenge posted: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.babyjake1961 posted:robotchallenge posted:babyjake1961 posted:That is true but the default settings are scary! It will hit 60% drawdown with 10% risk.
While the remaining 3 closed in hefty profit.
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.
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.
Member Since May 08, 2012
60 posts
Feb 06, 2017 at 07:36
Member Since May 08, 2012
60 posts
babyjake1961 posted:SleepingFX posted:Does your broker have a name?
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.
https://www.fortfs.com/
Fort Financial Services
Member Since Mar 31, 2016
70 posts
Feb 06, 2017 at 08:12
Member Since Mar 31, 2016
70 posts
SleepingFX posted:We suggest using the same broker we do (FXChoice) for the same results.babyjake1961 posted:SleepingFX posted:Does your broker have a name?
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.
https://www.fortfs.com/
Fort Financial Services
Member Since Mar 31, 2016
70 posts
Member Since Mar 31, 2016
70 posts
Feb 09, 2017 at 22:01
Member Since Mar 31, 2016
70 posts
reinerh posted:It's true that it's doing well but I don't run it alone on any account.
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 ??
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