RevEnginePro 20 Pairs (By forex_trader_165856)
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RevEnginePro 20 Pairs Discussion
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Feb 27, 2015 at 06:44
I just increased the slippage setting to 30 points ( 3 pips) on all pairs. Maybe the AUDCAD Long will close out today and we can see if it made a difference. Stay Tuned.
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Feb 27, 2015 at 14:48
How is RevEnginePro performing in the last 30 days?
251 Trades
Monthly: 48.53%
Drawdown: 21.75%
2369.9 pips
Profit Factor: 3.13
Pip Expectancy: 9.4 Pips
Best performing Pairs EURAUD and EURNZD including EURUSD. Why? All pairs trading the Optimized EURUSD setfile that I made.
Worst performing pairs? GBPUSD, GBPCHF
Learn more here - https://redrhinofx.com/revenginepro/
251 Trades
Monthly: 48.53%
Drawdown: 21.75%
2369.9 pips
Profit Factor: 3.13
Pip Expectancy: 9.4 Pips
Best performing Pairs EURAUD and EURNZD including EURUSD. Why? All pairs trading the Optimized EURUSD setfile that I made.
Worst performing pairs? GBPUSD, GBPCHF
Learn more here - https://redrhinofx.com/revenginepro/
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 01, 2015 at 17:56
The increase to the slippage setting fixed to prevent the partial orders.
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 02, 2015 at 08:44
@ForexPro , This is a demo account which normally have 0 slippage. The fact that fxopen ecn demo accounts have slippage is a good thing because it gives us realistic trading conditions. If you don't experience slippage +/- on a Real account I wouldn't use that broker because they are b-booking your orders ( market maker). Dealing with slippage is real life scenario on ECN.
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 03, 2015 at 15:31
97.2 pips today. Mostly from EUR pairs.
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 04, 2015 at 12:47
Special request to trouble shooting for RevEnginePro - https://redrhinofx.com/revenginepro-setup-tip/
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Mar 05, 2015 at 09:55
I'll be adding a money module / risk per trade parameter to the next update. Normally , I would use the Stoploss value and the account equity to determine the lotsize. For example, 10,000 equity with 200 stoploss with 1 Percent risk would be a lotsize of 0.05
10000 Equity
Risk 1 % = $100
Stoploss 200
Lotsize 0.05 ( $0.50 per pip )
200 pips at $0.50 = $100 at risk.
Is this what you want? Or are there any objections?
10000 Equity
Risk 1 % = $100
Stoploss 200
Lotsize 0.05 ( $0.50 per pip )
200 pips at $0.50 = $100 at risk.
Is this what you want? Or are there any objections?
Mar 05, 2015 at 15:51
(edited Mar 05, 2015 at 15:55)
RedRhino posted:
I'll be adding a money module / risk per trade parameter to the next update. Normally , I would use the Stoploss value and the account equity to determine the lotsize. For example, 10,000 equity with 200 stoploss with 1 Percent risk would be a lotsize of 0.05
10000 Equity
Risk 1 % = $100
Stoploss 200
Lotsize 0.05 ( $0.50 per pip )
200 pips at $0.50 = $100 at risk.
Is this what you want? Or are there any objections?
This auto lot size management is exactly what is missing in the current version.
Another great addition to this EA would be the ability for the EA to automatically close positions that are in profit before the close of the market on Friday and minimizing the risk from market opening price gaps on Sunday/Monday. Plus, a feature to prevent any more trades before X amount of hour before Friday close.
Great work BTW.
forex_trader_29148
Member Since Feb 11, 2011
1916 posts
Mar 05, 2015 at 16:07
wow man you are doing an excellent work😄
forex_trader_149646
Member Since Sep 09, 2013
471 posts
Mar 08, 2015 at 07:32
@Atlantea - Great idea, should we close out the order, or would locking in profits with the Trailing Stoploss be sufficient. We currently have 42 pips locked in on AUDCHF going into the weekend. With a Broker submitted Stoploss locking in profits we should be ok from any market gap. If the market gapped against this order, the broker should respect our Stoploss but then again CHF opened our eyes wider of what we can expect trading forex even with stoplosses.
@Atlantea Prevent new orders after London close on Friday be sufficient or just a few hours before market close?
@rob559 Thanks. I appreciate the kindness.
I also have another suggested feature in the works! Thanks again for all the suggestions!
@Atlantea Prevent new orders after London close on Friday be sufficient or just a few hours before market close?
@rob559 Thanks. I appreciate the kindness.
I also have another suggested feature in the works! Thanks again for all the suggestions!
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 09, 2015 at 07:56
silbert posted:
Hey Frank,
how do you use the MACD to improve the Signals?
Good job so far!
I don't use MACD indicator, but use Moving Average for trend detection and to calculate divergence for signal change similar to MACD. You can learn more here about the logic - https://redrhinofx.com/revenginepro/
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 09, 2015 at 10:55
If the market is ranging, you can turn off the MA Filter to engage more signals.
Mar 09, 2015 at 15:15
silbert posted:
Do you still offer a Version for Backtests? I would be interested!
I am also interested in backtest or only demo version (latest).
Any comments about the latest GU trade on the live account? It closed for -275 pips!
email142@
Mar 09, 2015 at 15:19
swefx posted:gu -270 pipssilbert posted:
Do you still offer a Version for Backtests? I would be interested!
I am also interested in backtest or only demo version (latest).
Any comments about the latest GU trade on the live account? It closed for -275 pips!
and gu -166 on real account today.
but vendor's myfxbook not close yet?https://www.myfxbook.com/members/RedRhinoLab/revenginepro-majors-real/1165571
my gu auto close and open a sell gu........
Mar 09, 2015 at 18:07
RedRhino posted:
@Atlantea - Great idea, should we close out the order, or would locking in profits with the Trailing Stoploss be sufficient. We currently have 42 pips locked in on AUDCHF going into the weekend. With a Broker submitted Stoploss locking in profits we should be ok from any market gap. If the market gapped against this order, the broker should respect our Stoploss but then again CHF opened our eyes wider of what we can expect trading forex even with stoplosses.
@Atlantea Prevent new orders after London close on Friday be sufficient or just a few hours before market close?
@rob559 Thanks. I appreciate the kindness.
I also have another suggested feature in the works! Thanks again for all the suggestions!
Regarding the question whether to close out open orders or locking in profits with Trailing Stoploss just before market close on Friday is a hard one to answer. I wonder what protection the RevTraderPro uses and if we should use the same strategy.
Also, I think preventing new orders after London close is safer.
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 10, 2015 at 07:49
@swefx + @silbert - Backtest version no longer available. 275 Stoploss is hardcoded, you can see in backtest - https://www.myfxbook.com/strategies/revenginepro-gbpusd-2008-2015/77498 - You can adjust this value with the Universal Setfile.
@goode - The second position closed out because the Trend direction reversed and CloseOnOpposite = true. , I Didn't get the Sell signal right after the close of the Buy. Did you get profit from this order today?
@Atlantea - Ok, I'll prevent new signals after London close on Friday. I may include both options for profitable Lock/close orders on Friday.
@goode - The second position closed out because the Trend direction reversed and CloseOnOpposite = true. , I Didn't get the Sell signal right after the close of the Buy. Did you get profit from this order today?
@Atlantea - Ok, I'll prevent new signals after London close on Friday. I may include both options for profitable Lock/close orders on Friday.
