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OMT 1_5_6 (By Jondays )

The user has deleted this system.

OMT 1_5_6 Discussion

Jondays
Jun 02 2012 at 16:58
6 posts
Data you see is true except for the total gain. For a reason I still don't understand, this number is way to high. To see the correct number please go to custom analysis, click 'all' and then click 'Analyse'. You'll see the real calculations.
stuart48
Jun 02 2012 at 21:45
14 posts
hi jondays
is this your ea???
Jondays
Jun 03 2012 at 13:44
6 posts
Yes this is mine. 100% programmed by myself. I'm currently testing it with real money and I publish results mostly for friends and collegues to see its performance. I don't distribute it for the moment but I may in the near future if it stays consistent. I'v been testing it only for 3 months on live money and I made a major upgrade in may (hence the jump in profit) but I'm still unsure if it'll hold the pace...
stuart48
Jun 03 2012 at 20:18
14 posts
if you need anyone else to test for you give me a shout
stuart48
Jun 03 2012 at 20:18
14 posts
if this can be back tested i have 4 years (2007 to 2011)of tick data from duckescopy which is 99% good data,if any good let me no???
thoth
Jun 04 2012 at 06:02
1 posts
very good results
Jondays
Jun 04 2012 at 06:03
6 posts
No need to backtest it! This EA has been thoroughly backtested. I'm now on the forward testing phase with optimization and real life and real money trading phase. I'm waiting for a steep trend reversal to confirm the safety of my algorithm. Before this, this EA is way too risky to be released... (Although the results are pretty consistent for the first few months, it could blow the entire account if the whole algorithm doesn't work properly during trend reversals...)

By the way, for those who ask, OMT 1_5_6 means Oscillator_Multi-Trend version 1.5.6
stuart48
Jun 04 2012 at 07:19
14 posts
like i said before if you need any forward testing help give me a shout you can allways put a date on the EA,when it runs out till you trust me,thanks jondays
stuart48
Jun 06 2012 at 06:35
14 posts
hi jondays
have you stopped trading this acct???
Jondays
Jun 06 2012 at 09:57
6 posts
Hi,

I did not stop. When the robot detects a possible trend reversal it stops trading until everything calms down... When it trades, it trades a lot then waits until the
parameters get perfect again... I would be surprise to see it trade this week because of the steep rebound that started last Friday...
stuart48
Jun 15 2012 at 11:00
14 posts
hi jondays,
i am think of doing the PAMM acct (i no the risk)are you still happy with your EA jondays??????
Jondays
Jun 20 2012 at 14:23
6 posts
Hi everyone, I decided to write a public message so I don't have to answer all your private messages directly! A lot of people wonders why OMT struggles this month... Watch the news! Euro is highly volatile and OMT being mostly a trend EA, if the short-term trend changes to rapidly, the EA struggles to follow and hits sometimes numerous 'safety' mechanism...

I updated this version so the drawdown wont hit 40-45% anymore. I estimate that the maximal drawdown will be from now on around 30% maximum (estimation...)

The fact that OMT survives this tumultous time in the Euro zone is good. It'll give me a lot of data to work on and it shows that this EA is more safe that I thought...

Have a nice day everyone!

And by the way, for those who wonder what happens with the PAMM on hotforex, I'm working on it. I'm calibrating the EA for a leverage of 1:200 (works currently on 1:30). Let's hope I can do it!
stuart48
Jun 25 2012 at 19:46
14 posts
hi jondays
the EA is going good,well done ,can i just ask how the PAMM acct is going with hotforex???
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