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RevEnginePro 20 Pairs (By RedRhinoLab )

The user has deleted this system.

RevEnginePro 20 Pairs Discussion

Talanan
Apr 16 2015 at 14:39
20 posts
Do you run both trades on the same account ? I am trying to figure out the risk profile to make a potential similar return as your system I would also like to know the 20 currency pairs you use. if you use the system to create different trades what is the advantage in this ? why not just trade 1.0 pct plus 0.5 lot at any given trade ? I know it might be silly questions but using EA is new to me :)

goode
Apr 17 2015 at 03:51
219 posts
@RedRhino @RedRhinoLab
just now one interesting thing.
i did backtest(eurusd and gbpusd) while my live account has opening orders.
and after my backtest completed.rep1.2 close my opening orders that just now i did backtest pairs.

i did bt gbpusd first,and rep close gbpusd fitst.
then i did bt for eurusd,and after it completed,rep close my eurusd...
that's coincidence?or a small bug?

(i use uni-default setting,only use EA to the chart,not by load the template)

Attachments:


RedRhinoLab
Apr 17 2015 at 06:39
631 posts
Talanan posted:
Do you run both trades on the same account ? I am trying to figure out the risk profile to make a potential similar return as your system I would also like to know the 20 currency pairs you use. if you use the system to create different trades what is the advantage in this ? why not just trade 1.0 pct plus 0.5 lot at any given trade ? I know it might be silly questions but using EA is new to me :)


Use a PercentageRisk = 1.6 will match this account.
The advantage can be different exit strategies resulting in different closing prices. This means more diversification. For example 0.5 Lot use InitiateTrailing at 39 pips, and 0.80 Lot use InitiateTrailing at 45 pips and this results in different pip gains.

If you have large account, you can divide your risk across several settings. Such as, 1 chart trading Majors Optimized setting with 0.5 PercentageRisk and 1 chart trading the UNI settings with 0.5 PercentageRisk. You are still risking 1.0 percent but now you can have different closing prices which can result in more pips. Example below. Same Entry, different Exit.

04.16.2015 04:00 04.16.2015 11:01 USDCAD Buy 0.80 47.60 245.00 1.22640 1.23116 47.6 306.42 7h 1m 0.18%

04.16.2015 04:00 04.16.2015 10:14 USDCAD Buy 0.50 24.60 - 1.22640 1.22880 24.0 95.86 6h 14m 0.05%


RedRhinoLab
Apr 17 2015 at 06:39
631 posts
@goode - I just ran backtest on EURUSD while having trades open on EURUSD but my trade still open on live account. I backtested in visual mode using optimized setfile. I don't see how the MT4 strategy tester would encounter control of your Live trades.

If you attach EA to chart while having live trade without turning OFF autotrade, REP can close the trade because you haven't loaded any settings yet, so values are all zero, this means if you have autotrade ON and no settings selected, SL and TP are zero and the EA would close any open trade at gain or loss. I have also made this same mistake on this account when making changes to the settings. If you don't turn off AUTOTRADE before attaching EA, you can have this happen.

RedRhinoLab
Apr 20 2015 at 06:47
631 posts
Today I experienced something new that I haven't seen yet. The market gapped down on EURAUD and entered a second round of Sell signals. I closed them manually just now.

Version 1.3 will include a method to handle market gaps and ensure we don't enter when the market already gaps significantly. Even though the trades were profitable and can surely run into larger profit , RevEnginePro logic wasn't intended for such price action.

If you also have the EURAUD sells open, please close them out.

pako5
Apr 20 2015 at 08:56
8 posts
Hello RedRhino,

I am interested to buy your EAs (atleast Revengine and RhinoEG). But I have never been in touch with this 'modern' payments like bitcoin etc.
Is there another way I can buy those product from you.
BR

RedRhinoLab
Apr 20 2015 at 09:57
631 posts
@pako5 , unfortunately bitcoin is the only payment acceptable for software purchase. I can help you with the process. Here is a list of bitcoin exchanges to buy the bitcoins. Some accept credit cards while others only accept wire transfers - https://redrhinofx.com/buy-bitcoin/

You can also use LocalBitcoins.com and depending in your country there will be specific payment methods to purchase online or in person. More information is provided in the link above. Some countries are easier than others but bitcoin is acceptable payments in every country.

How to use Bitcoin
Get Bitcoin wallet for your cellphone ( google apps ) or for your PC ( Electrum ) or online ( Blochchain.info )
Buy Bitcoin and send it directly to your wallet.
Follow your transaction with online public ledger
Send Bitcoin from your wallet to a new wallet ( Merchant, Friend, Non Profit Orginization, ChangeTips, etc ).

Your bitcoin wallet is just like a bank account where you can deposit and withdrawal at anytime without Third party involvement.

VictorTous (VictorTous)
Apr 22 2015 at 02:53
107 posts
Hey Frank, I have 2 questions:

1. Why do you specifically exclude GBPAUD, GBPCAD, GBPNZD, NZDCAD and NZDCHF, from your forward test?
2. Don't you think it may be wise to exclude all CHF pairs in order to avoid unexpected huge moves caused by the SNB?

Thanks!
Víctor

Patience, focus and self-control to win the game with diligence.
goode
Apr 22 2015 at 06:12
219 posts
@VictorTous hi,did you has the same orders with Frank's myfxbook?now i check my set,in the past week,i has many differents orders,may be because sllipage or broker reason.

RedRhinoLab
Apr 22 2015 at 07:07
631 posts
@VictorTous - REP can trade any instrument that we desire, we just need enough trading capital to do so. The best pairs are those with the lowest spreads, if the spreads are low I would encourage trading them. Out of all the CHF pairs, I am only trading AUDCHF. Maybe best to avoid but I highly doubt another SNB intervention will happen.

@goode - By default setting, the MaxSpread was sent out to customers at 5.0 pips, maybe check the Spread values on the chart.
The first number is current spread / The middle is the average spread / the last value is the Max Spread.

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