KeltnerPRO - Jared Discussion

vladrac posted:
Btw, for those that like to see what a nice broker can do... check what my broker done on the USDCHF this night...

I have other trade accounts in other brokers, this did NOT happen there!

Hi,
who is this broker?
Regards,

mchiang0027 posted:
I have test run it since Oct 19, and so far all trades match those of the vendor, the results are so far very good, comparable to what the vendor claims. I use a 8% risk and not the large lot size that the vendor uses. My FinFx demo account started with $2,000. Today it is $2,833.79, and I missed a few profitable trades last Friday.

Hope the vendor can keep up the good work, and continue to make this a profitable EA.

I plan to go live next month. Good EA so far.
 
Matthew

8% risk per trade? That will blow your account at some point. The maximum lost on one trade on this account is 3.85%.


Best regards Steve

Hi All,
Does anyone know if this EA is sensitive to VPS <> Broker proximity ?

Thanks!

wiptheman posted:
Hi All,
Does anyone know if this EA is sensitive to VPS <> Broker proximity ?

Thanks!

Always easier to ask then to analyze right? ;)


Look at when it trade, the usual delta-spread at those periods and how many pips it gains or loses...and tell me!!!

.... the answer is NO in my view! Nothing bad about having low latency...but I dont see it crucial here...

vladrac posted:

wiptheman posted:
Hi All,
Does anyone know if this EA is sensitive to VPS <> Broker proximity ?

Thanks!

Always easier to ask then to analyze right? ;)


Look at when it trade, the usual delta-spread at those periods and how many pips it gains or loses...and tell me!!!

.... the answer is NO in my view! Nothing bad about having low latency...but I dont see it crucial here...

Thank you Vlad !

vladrac posted:

marran posted:
is anyone making money from this EA? it seems to have had one great month and the rest nothing special

wow, it does look like you really know how to judge a EA performance....

Wow your are incredibly ignorant! looks like you really know how to judge an EA performance! lol

stevetrade posted:

mchiang0027 posted:
I have test run it since Oct 19, and so far all trades match those of the vendor, the results are so far very good, comparable to what the vendor claims. I use a 8% risk and not the large lot size that the vendor uses. My FinFx demo account started with $2,000. Today it is $2,833.79, and I missed a few profitable trades last Friday.

Hope the vendor can keep up the good work, and continue to make this a profitable EA.

I plan to go live next month. Good EA so far.
 
Matthew

8% risk per trade? That will blow your account at some point. The maximum lost on one trade on this account is 3.85%.


Best regards Steve

Hey Steve, check back the trades of the first month. Not only he was risking more than 5%, he was at some point trading more than 3 trades per pair.


03.14.2014 15:15 03.14.2014 16:20 EURUSD Buy 3.60 1.39316 1.39115 -20.1 -757.77 1h 5m -5.23%

Thats how he achieved the really high gains.

As I said bf, this is a normal strategy of commercial EAs... go 'ALL-IN' and if it survives that month, publish the account results and lower the risk and keep going.

As I said also, at some point, I saw 12 trades opened at the same time in 1 event - as you all know this is a News Trade Breakout EA... thats pretty much when 90% of the trades of this EA, so there's a risk you will get many trades running at some point.

Still as I also said many times... if you properly filter these trades you will get a higher profit ratio and considering the TP/SL ratio , this strategy does allows you in the end to take higher risks.

With that said, I tend to agree that more than 5% in this EA as it is, its too much.

However, if you are trying to reproduce the 2000% profit you will need to risk high.

Cheers.

I agree, 8% is high risk, but low compared to the vendor's.

If back test really gives 90% confidence level, a 8% risk will put the back test results into 25% portfolio DD at one point.

A 6%$ risk is roughly 20% portfolio DD.

So depending on your risk appetite, you should adjust your risk factor. I also notice that USDCHF is not performing well amongst the 4, so I plan to lower the risk of USDCHF to 5%, and turn on the Entry_Filter for this pair to further limit DD.

Another plan that I may implement : have a second account of $2,000 and set a 8% risk. If anything goes wrong, it is limited to $2,000, and run the normal 5% on the larger account.

If other users have ideas, please share. Tkx.

The biggest losing run on this account is 16 trades. Take those 16 trades and put them at the start, at the risk the account was running at then and they would have generated a loss of $8375 which would have wiped the account.

The reason the account is over leveraged at the start is because EA marketers run multiple accounts and the ones that work get marketed. It's the best way to rise to the top of MyFxBook which at the end of the day is their prime sales pitch.

You're reasoning is flawed if you are looking at what this account did historically. Look at what it could do in the future to decide your risk.

Best regards Steve

stevetrade posted:
The biggest losing run on this account is 16 trades. Take those 16 trades and put them at the start, at the risk the account was running at then and they would have generated a loss of $8375 which would have wiped the account.

The reason the account is over leveraged at the start is because EA marketers run multiple accounts and the ones that work get marketed. It's the best way to rise to the top of MyFxBook which at the end of the day is their prime sales pitch.

You're reasoning is flawed if you are looking at what this account did historically. Look at what it could do in the future to decide your risk.

Best regards Steve

Does not make sense to me... I know what it did in the past... and considering not much has chg in code I can make judgement of what is going to do in the future.

At this point in time is already obvious which pairs are suitable for this EA and which ones are not. So, this alone will change how you play with it in the future.

So, ignoring what it did in the past , does not sound reasonable to me.

Cheers

i am sick of reading this comments on these websites - I DONT need your comments - i can read the live results and analyse these myself - leave us alone!!!!

its simple just need to sea mt4 from owner and no doubts.... lol

Im going to give it a try. Will put it on a small live account and see what happens! fingers crossed🙄

govigovi posted:
i am sick of reading this comments on these websites - I DONT need your comments - i can read the live results and analyse these myself - leave us alone!!!!

Call the police next time someone forces you to read something you dont NEED. ;)

govigovi posted:
i am sick of reading this comments on these websites - I DONT need your comments - i can read the live results and analyse these myself - leave us alone!!!!

Simply un-subscribe :)

vladrac posted:

stevetrade posted:
The biggest losing run on this account is 16 trades. Take those 16 trades and put them at the start, at the risk the account was running at then and they would have generated a loss of $8375 which would have wiped the account.

The reason the account is over leveraged at the start is because EA marketers run multiple accounts and the ones that work get marketed. It's the best way to rise to the top of MyFxBook which at the end of the day is their prime sales pitch.

You're reasoning is flawed if you are looking at what this account did historically. Look at what it could do in the future to decide your risk.

Best regards Steve

Does not make sense to me... I know what it did in the past... and considering not much has chg in code I can make judgement of what is going to do in the future.

At this point in time is already obvious which pairs are suitable for this EA and which ones are not. So, this alone will change how you play with it in the future.

So, ignoring what it did in the past , does not sound reasonable to me.

Cheers

My use of historical data in this thread implicitly means I don't ignore the past, something I didn't say. I was saying that you need to look at historical performance and then consider what could happen in the future. Look at the figures - a 16 trades losing streak ( which we've seen ) would have blown the account at the risk the account started with.

I'd also just like to clear something up. When we're talking about percentage risk. I'm talking about percentage risk, i.e. the percentage I'm risking based on the calculation I've made for each pair based on my setting of the Risk parameter of the EA. Which is not percentage risk despite what the manual says. Here's what Jared has to say on it.

'Hi Steve,

I need to update the manual. We have since changed the system since the manually was originally written.

The default settings with 0.05 risk, risk about 1-2% per trade. 2% being the max if the SL was set higher than 20 pips. Which will happen on occasion.

And yes, we are both referring to the same setting.

Sincerely,
Jared Rybeck'

It would be useful if he did update the manual and advise people as there is as a consequence some inaccurate information flow potentially happening here.

Best regards Steve

Hi Steve
Your comments are really helpful, and I learn more from the discussion forum on the EA than the manual!

Now that Jared will update the manual on this important missing link is great. He is the developer and we don't know the actual PnL footprint unless he discloses.

Thanks for your advise. I will stick to 6% for GBPUSD and 5% for the others, while dropping USDCHF or simply give it a 3%.

Could Jared comment on the USDCHF, it seems to underperform the other 3 ?

Matthew

well not a great start! one trade today and a loss! still early days though

Watching..