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REV Trader PRO REAL (By revtraderpro)

Gain : +3474.7%
Drawdown 24.25%
Pips: 3809.5
Trades 938
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated

REV Trader PRO REAL Discussion

mashahid (mashahid)
Nov 01 2014 at 22:12
90 posts
I have run the back test on EURUSD for year 2014 with risk 5% + MM = True on ICMarkets with spread value of 1.0 Please find attached and lets discuss. I will upload rest of the pairs soon.

Attachments:


jamesphuc (jamesphuc)
Nov 02 2014 at 07:38
88 posts
Hi M.A Shahid,

I can not see anything. Please kindly re-post it in readable format, or write summary of it such as: deposit, net profit, max drawdown, profit factor, period of testing (from which month to which month of what year), etc.

Thanks a lot

James Phuc


mashahid (mashahid)
Nov 02 2014 at 07:44
90 posts
ramosxp posted:
MA Shahid

what settings have you used since the recent REV update last week? I've used the default settings for 2 weeks, but last week after 2 losses at .5 lots, the new revised update have sized the trades at .05

My setting file date is 9/9/2014 and I don't know if vendor has released new settings. I did not receive any email from vendor that there is a new settings. How we will come to know if there are new settings if vendor don't inform ?

mashahid (mashahid)
Nov 02 2014 at 07:44
90 posts
mashahid posted:
I have run the back test on EURUSD for year 2014 with risk 5% + MM = True on ICMarkets with spread value of 1.0 Please find attached and lets discuss. I will upload rest of the pairs soon.


Attachments:


mashahid (mashahid)
Nov 02 2014 at 07:45
90 posts
I request REV Trader to run back test of each pair at least for last two years and upload the results on myfxbook to get clear picture about EA performance.

gwindy
Nov 02 2014 at 07:46
76 posts
ramosxp posted:
MA Shahid

what settings have you used since the recent REV update last week? I've used the default settings for 2 weeks, but last week after 2 losses at .5 lots, the new revised update have sized the trades at .05


Are you using MM or fixed lots? The revised version 2.4 default is set at 3% MM

ramosxp (ramosxp)
Nov 02 2014 at 07:58
9 posts
mashahid posted:
fughe posted:
Birt has also setup a live test account. He is using 1% for the money management, which I consider more realistic. https://www.myfxbook.com/members/birt/rev-trader-pro/1052077

I think his risk is not 1% because I set risk level 5% and it is taking lot size .02 on $388 balance how come with 1% risk it is taking .03 lot on 300 account. May be his risk is 10 not 1.


One of first questions I asked Doug before I started running the bot was position sizing. With my very low leveraged 50:1 account, I needed to know how the bots strategy managed opened positions that were a bit on the large size. The first trades went well. 2 positons on AUD/& and NZD/$ Both were same number of lots .5 or 50k each. Now at 50:1 that comes out near $1500 of margin on a $2000 account. Again, I normally don't like to mess with settings. I prefer a bot to do it's thing without my intervention. The default settings were recommended because they would size the positions accodingly and the bots strattegy would handle the exits and risk.

It did very well on the first trades. It appeared to place trades near resistance levels, closed a position then added back at higher average until the larger trend continued , eating away at the previous lost trade,then into profit with a nice +$300 gain. That's what it appeared to do as I observed the bot do its thing. Now the 2nd week, before the Fed meeting, I was very surprised to see a position opened midday on Friday. I wanted to see what the bot would do at the end of the day. I was surprised to see the positions left open after Fridays close. That left the following week where the 2 trades were Short the USD and 2 1/2 days before the Fed announcement. Unlike the first trades, the reversals did not happen, and the resistance levels did not hold. The stops were quite large, particularly ont he NZD which was hit and stopped out. The Short positionn on AUD recoverred after the Fed announcement but only to break even.

Doug wisely revised the code to have option to close trades on Friday. The first positions opened after the revision is as I've stated with a position size of .05 instead of the earlier .5, big big difference. How the bot recovers at this position size we'll have to see, but as I've read earlier, it seemed to bet big very early on in hopes of banking a big trade,and in the past that may have happened, backtests still may confirm this, but this time the opposite occured, the big loss happened earlier, not later.

mashahid (mashahid)
Nov 02 2014 at 10:53
90 posts
With the previous settings, back test of EURUSD is not good however Douge has revised the version and provided new setting but he should provide back test of new settings because bot works fine most of the time but after some time few lost deals eat all the profit. As per my backtest bot work great during complete year but few times hit badly which wipe all the profit. We can not trust for one or two months good performance. During last opened deals which went to profit due to FOMC, just image if FOMC goes against then what happens ? All will be lost. Thanks to FOMC to turn our losing deals in profit. Douge need to find route cause why bot fails some times what are the reasons and how to overcome. In my opinion open deals should be taken care wisely before major news. If Douge can provide smooth back test curve for last two years then this bot will be legend. There is no doubt about that this bot has potential but sudden looses should be taken care.

ramosxp (ramosxp)
Nov 02 2014 at 10:53
9 posts
gwindy posted:
ramosxp posted:
MA Shahid

what settings have you used since the recent REV update last week? I've used the default settings for 2 weeks, but last week after 2 losses at .5 lots, the new revised update have sized the trades at .05


Are you using MM or fixed lots? The revised version 2.4 default is set at 3% MM


I'm using MM at 3% with the newly revised version 2.4, the previous version I also used MM instead of fixed lots. With a $2000 start, and $1700 balance with the losses that's only %17 absolute DD so it's early in the game, we'll see how it goes from here. IMHO the .5 sized trades were too large, however I had no idea how the bot managed trades. I'm not so much concerned with trade entries. Profits are made with proper sizing and management. On all trades so far REV Trader was on the right side of the larger trend. In the shorter term trend, it sized the trades a bit too high. What backtests dont always show you in these scenarios is the DD incurred during open trades. The account was down near $1000 before the Fed launched the USD higher. Being down -50% of profits made and -50% of initial investment affects ones degree of confidence 😁

 The revision version 2.4 now seems to size too low. I may have to go with fixed lots, but I want to see how many pips it makes this week. I prefer not to make these discretionary assesments, but I suppose even with a bot, that still needs to be done at times.



jamesphuc (jamesphuc)
Nov 02 2014 at 12:33
88 posts
Hi all,

Looking at the live forward-testing account of the creator of this REV TRADER PRO EA, we all can see that the PIPS GAIN on AUDUSD is the biggest, even with 1 lot per trade, while 3 lots per NZDUSD, and 2 lots per EURUSD, and 2 lots per Gbpusd.

So, why don't we increase lot size on AUDUSD 3 times (if using fixed lot), and 5% up to 10% if using MM?

Also, we can omit EURUSD completely because we also can see that PIPS GAIN on this pair is not very good. Maybe, same case for GBPUSD.

So, finally, we can just use 2 pairs : AUDUSD and NZDUSD.

How do you think?

HAVE A NICE SUNDAY !

James

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