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MFM5 (By ex4systems )

The user has deleted this system.

MFM5 Discussion

bundesrepublik
Jul 08 2015 at 07:42
192 posts
I lost %22.... I cant believe this...

yeders
Jul 08 2015 at 15:41
11 posts
you're lucky... I lost moorreeeeeee :(
It should recover, but it will take a while.

bundesrepublik
Jul 08 2015 at 15:45
192 posts
i hope so... I think it opens too many pairs at once. And god help us if all of them go south. Is there any way that this EA opens trades not just based on a pre-set Buy or Sell ? ( It will choose the best position based on the chart).

OGSystems (OGONEFX)
Jul 09 2015 at 06:22
16 posts
I emailed the Author about this 2 years ago - the buy side only algo is flawed - not because the idea itself is flawed but because he fails to properly understand some of the correlations. This essentially leaves with you an EA that can potentially be VERY dangerous.

The system essentially buys Risk at the Sydney open knowing that price tends to range during the Asian session and ranges are limited - this is called night scalping. Problem is, only USD exposure is via USDJPY & USDCHF - which is fine when the USD is rising of it's own accord - gains in these pairs will offset any losses in the risk pairs...

BUT have a look at the pairs the system trades: xxxJPY xxxCHF xxxUSD...

It is always SHORT the safe haven/funding currencies. What happens when we see a move away from risky assets/risk aversion? The safe havens appreciate and all the currencies this system buys depreciate. All of them you say? Yes! In genuine risk aversion USDJPY tends to fall. Less clear cut with USDCHF but same will happen if the Frank is in higher demand as a safe haven than the Dollar.

BUT it's not as bad as it sounds ie has to be full blown risk aversion NOT just USD strength and said fear needs to take place during hours the system trades. Still - this does happen - once every few months it seems and what's really worrying is we haven't actually seen a full flown flight to safety yet (USDJPY broke channel support overnight but is still supported, S&P is testing Support).

BUT (Round 3) This program still makes money it seems and is still in the green and more importantly, the equity curve is still carving higher lows and highs (only just on the last high). This is the true test - does this uptrend in the equity curve hold or collapse?

Could be wrong but I swear all this program needs is some buy side exposure to safe havens (short risk).

OGSystems (OGONEFX)
Jul 09 2015 at 06:25
16 posts
PS You all shouldn't be so surprised - this drop was relatively less aggressive than the last!

bundesrepublik
Jul 09 2015 at 06:50
192 posts
i think, this EA has a very good potential to go higher. I think if vendor can focus on both sell and buy or infarct a recovery system. This can be limited to those pairs that had a loss.

csgibson88
Jul 09 2015 at 15:12
5 posts
I would like to request someone who experienced the 20%+ loss the other day to please describe the trade or trades that contributed the most to the loss.
I checked my 'practice' account and I do not see any such loss on the indicated days, and so I wonder why I was spared.
I see these trades in my account for past few days:
2015.07.09 00:55 GBPJPY trade for +0.3%
2015.07.09 00:07 USDCHF trade for +0.3%
2015.07.08 00:15 GBPJPY trade for -0.5%
2015.07.06 00:15 EURJPY trade for +5.0%
2015.07.06 00:15 USDJPY trade for +2.7%

I think my timestamps are UTC+2

Those are ALL the trades I have in my account for this week. As you can see - it has been a PLUS week for me, and that's why I ask which pair created the losses for those accounts experiencing a loss this week?


bundesrepublik
Jul 09 2015 at 17:13
192 posts
csgibson88 posted:
I would like to request someone who experienced the 20%+ loss the other day to please describe the trade or trades that contributed the most to the loss.
I checked my 'practice' account and I do not see any such loss on the indicated days, and so I wonder why I was spared.
I see these trades in my account for past few days:
2015.07.09 00:55 GBPJPY trade for +0.3%
2015.07.09 00:07 USDCHF trade for +0.3%
2015.07.08 00:15 GBPJPY trade for -0.5%
2015.07.06 00:15 EURJPY trade for +5.0%
2015.07.06 00:15 USDJPY trade for +2.7%

I think my timestamps are UTC+2

Those are ALL the trades I have in my account for this week. As you can see - it has been a PLUS week for me, and that's why I ask which pair created the losses for those accounts experiencing a loss this week?



my trades are very similar to the vendors account.And it was a big loss .

yeders
Jul 10 2015 at 00:08
11 posts
Hi Gibson, I think it is because your broker mightn't have a tight spread after role over, so your trades get filtered out.

On average, I would usually have between 7 and 15 trades a day.

csgibson88
Jul 10 2015 at 08:30
5 posts
Oh yeah - one more VERY IMPORTANT question.

Which version of MFM are you running. I guess the NEW version (MFM5) was slated to 'Go Live' this week.

I am still running the prior version, MFM4 Build 507

I will test the MFM5 version within the next few weeks or so.

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