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RevEnginePro Majors REAL (By RedRhinoLab )

The user has deleted this system.

RevEnginePro Majors REAL Discussion

goode
Mar 04 2015 at 15:09
219 posts
why this time gbpusd not add order?almost 60 pips+,last time when about 48pips add one gbpusd.

goode
Mar 04 2015 at 16:13
219 posts
OK now add the second order.

RedRhinoLab
Mar 05 2015 at 07:26
631 posts
This system is not a grid where it only looks at the distance between orders. It has trading entry logic that must match also.

And, as I write this, we just got that 2nd order.

goode
Mar 06 2015 at 09:06
219 posts
worry about gbpusd.......😭😭😭

ralle
Mar 08 2015 at 10:21
27 posts
How high is the SL setting of GBPUSD ?

The DD is > - 200 pips actually...is this 'normal' or due to a malfunction of the EA ??

Work to live - not live to work
goode
Mar 08 2015 at 11:36
219 posts
one order -270pips and auto close.
the orther gbp still opening,and -230pips.........😭

rep is not fix stoploss......and hidden the sl.............

ralle
Mar 08 2015 at 14:00
27 posts
So sad...so it´s just another 'Hope & Pray EA', which sooner or later will bring you in big DD-trouble...although there is probably a floating, hidden SL, a fixed (emergency-) SL is absolute necessary to calculate the risk ...or am I wrong ?

Work to live - not live to work
RedRhinoLab
Mar 08 2015 at 15:41
631 posts
The SL is hidden from broker. You can see the constant stoploss values on all the backtests. https://www.myfxbook.com/strategies/revenginepro-gbpusd-2008-2015/77498 - Taking a loss is part of any good trading system. Never hope and pray with ReVEnginePro. Profits are based on long term and not from 1 signal.

Would you rather hold the GBPUSD Long for another 500 or 1000 pip drawdown waiting for reversal? Or cut the loss? Its up to you. You have full control to do as you like. I provided a profitable long term settings to cut the losses!

RedRhinoLab
Mar 08 2015 at 15:42
631 posts
@ralle

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?


Of course. By using a fixed Stoploss we can calculate proper Risk Per Trade.

ARCHANGELSKYFX (archangelsky)
Mar 17 2015 at 09:29
29 posts
Hi, yesterday the GU trade has reached profit zone about 40 pips plus but the SL still haven't move down to lock the profit, instead revtraderpro has already moved the SL taking for profits. I believe this EA would have probably target for more pips.
Secondly from my monitoring the AUDUSD pairs, when the second order kicked in after a while the TP has moved to breakeven level to protect or lock the profit? Market is full of uncertainty, would this better if we cater our strategy more focus on the protection but in the mean while we might lose the trades as well.

When it comes to trading, only the persistent survive!
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