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Live Strategy Testing (By leerees )

Gain : +147.54%
Drawdown 23.59%
Pips: 1549.1
Trades 1579
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated

Live Strategy Testing Discussion

geektrader
Oct 31 2011 at 12:02
153 posts
Yes, would also be interested if we could get Slug16?

leerees
Nov 11 2011 at 10:46
75 posts
Go Markets are having liquidity issues at the moment which is affecting the spread. I'm seeing the spread rise to over 3 pips on the EUR/USD. Unfortunately this spread is too high to trade slug16 so I'll have to suspend it for now.

I've spoke to GoMarkets who say that they are looking at fixing the issue. I really do hopy they sort it out as they have been a good broker up until now. The issue is affecting all traders judging by what I've read on the majour forums.

leerees
Nov 23 2011 at 17:17
75 posts
Just an update, the liquidity problems are still affecting gomarkets so it looks like I am going to have to find another broker.

Some of you may or may not be aware of blessing ea, it's a free grid trader made by jtalon, do a search on google and be sure to check them out, it's an honest operation going on there.

Anyhow I've decided to take blessing and modify it, as we already know grid trading and martingale on it's own is very dangerous. However, I am experimenting with open equity and pairs correlation / arbitrage, by grouping together lots of blessing ea's and controlling them with a master EA that watches for confluence amoungst currency pairs we can keep an account with a positive floating equity, closing trades when pairs uncoil.

Like I said blessing is a great tool for opening trades, but it's how we manage and control those trades that's special. I also have a number of great ideas for controlling negative equity, much safer than the usual martingale way of opening trades against the trend.

I'm sharing my demo forward tests, if you go to my profile and look at the brap tests you'll find them, but I will be deleting them once the test is over.

SaltyWaters
Nov 23 2011 at 17:34
247 posts
Hats off to leerees! Great job you've done here!



I'm opening new accounts with Finfx and Think Forex they seem to be good brokers (just in case you want to check them out)



Cheers!

leerees
Dec 15 2011 at 11:20
75 posts
Just a quick update to say I will be opening another live strategy testing account next year to host some of the EA's I've been developing and forward testing.

From Jan 2011 the accounts will be split as follows:

Live Strategy Testing 1: Scalping and HFT
Live Strategy Testing 2: Trend Trading, Swing Trading and Hedging

I plan to offer Live Strategy Test 2 to the public, so you will be able to use a trade copying EA to duplicate my trades, I understand that a lot of people don't have money so this will be offered free to those who signup to brokers with my referal link.

Q) You said you were going to offer PAMM accounts, now you are not, why is this?

A) I tried and tried but I could not find a reliable broker that offered the service, all of the ones I tested were bucket shops. I do not want to offer an account where people loose as it will just damage my reputation.

Q) Why are you bothering to share this with others?

A) I intend to make money from the rebates, the more clients I have the more money I will make. I will then reinvest this money back into Live Strategy Testing 1 and 2 to increase my own profits.

Q) Why can't you share Live Strategy Testing 1?

A) The reason is there is a delay from sending my trades to your EA depending on your location in the world. One of my strategies (slug16) relies on low latency. I'm always testing, maybe in the future I'll find some scalping strategies that work on high latency connections but not now. I really don't want to mess this up hence the reason I'm being so cautious.

Q) Can I buy the EA's you use seperately?

A) The answer is no because I change my EA's regularly and modify them to current market conditions. The reason my equity curve goes up is because I use sound money management and when an EA starts loosing it's dealt with before the account takes a big hit.

leerees
Feb 24 2012 at 14:12
75 posts
Guys,

just a quick update to say sorry that you haven't seen any action on this account for some months.

Basically GoMarkets are having serious problems with slippage and execution. I have since moved my accounts to a new broker and once they are supported I will create a new live strategy testing page.

There isn't really that much testing going on now as the EA's which I've created are now all working well. I just want to say I really enjoyed sharing the experience with you guys and thanks to all those that have emailed me to discuss the strategies. A very special thanks goes to Jamie for helping me to learn auction market theory and apply it to one of my EA's.

I do want to give some of my profits back to the forex community because I feel that without the community I would have never have become a profitable EA trader. Maybe setup a charity fund traded by my EA that donates funded trading accounts to people from very poor backgrounds. If you have any ideas, feel free to email me.

leerees
Jul 06 2012 at 13:58
75 posts
Hi guys, just a quick update to say the EA's are still performing well.

I have just donated £10,000 of my EA profits to centrepoint, it's a charity that helps homeless young people. https://www.centrepoint.org.uk/ If you are making money from forex trading I urge you to donate some of your earnings to those who are less fortunate.

I plan to make another donation at the end of this year, haven't decided who but I feel it should be towards a charity that helps poverty in the western world.

A few of you have emailed me asking about the possiblity of setting up a charity forex broker, meaning a percentage of the spread goes to charity. I am seriously interested in doing this, unfortunately I don't have sufficient credit rating to borrow the initial capital, however my EA's are trading hard and the money is building up, some day I'll be able to setup a charity broker, one that's ethical to poor traders aswell.

Lets show the media that us forex traders are not 'greedy bankers'. Here in the UK there is a lot of hatred towards the finance industry, people think that anything to do with the markets is evil, so I take great pleasure in saying to them 'well actually I donated £10k to charity this year, what have you done to help the economy?'

One final point, at present I am currently with Dukascopy, I've withdrew just over £100k in profits and I still haven't noticed any problems with them so far but if they start messing me about I will definitely post here to keep you informed.

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