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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

gwindy
Nov 02 2014 at 14:36
76 posts
jamesphuc posted:
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


Hi James,

Good discussion points...I would say the 1 lot size on AUD is due to the relatively close distance between trades on AUD if using the max three trades and recommended settings. There is a much bigger pip distance between the first and second/third trades on NZD.

mashahid (mashahid)
Nov 02 2014 at 14:43
90 posts
I have downloaded new settings and ran back test for year 2014. Find attached back test of EURUSD for your review. EURUSD results are not good however let me test on other pairs. I request Doug to look into big dips and adjust the setting to avoid these losses for EURUSD.

Attachments:


mashahid (mashahid)
Nov 02 2014 at 14:43
90 posts
ramosxp posted:
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.

This bot is flexible, you can increase risk level to 5 instead of fixed lot size.

mashahid (mashahid)
Nov 02 2014 at 14:45
90 posts
jamesphuc posted:
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


James, your analysis are good, EURUSD Setting are find tuned we need to leave pair

mashahid (mashahid)
Nov 02 2014 at 14:46
90 posts
fughe (fughe)
Nov 02 2014 at 17:11
724 posts
LiquiMolly posted:Hello Antny!

Yes, they are different, but I asked about GBPUSD for the same day/date - not the other currencies. Both traded bot SELL and BUY GBPUSD but one system did very bad while the other well. That's what I asked about. Have a look and please help me to understand the difference:

BR


I went and looked at those trades. It is purely differences between broker price feeds. The trades were opened at pretty much the same place, but one broker had a price spike, and stopped out some of the trades....while the other did not have that spike in price.

Make losses, but always come out a winner at the end.
FXtrader2010
Nov 02 2014 at 22:34
724 posts
jamesphuc posted:
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

In theory this sounds like a good idea but what if 2015, the opposite become true? EURUSD and GBPUSD be the biggest winners? I think it important to realize that past performance does NOT guarantee future results. You would be best to optimize the lot sizing say every month or every 6 month based on the performance of each pair.

jamesphuc (jamesphuc)
Nov 03 2014 at 07:41
88 posts
Hi all friends,

I have found out the followings on the live forward-testing account of the creator:

1. AUDUSD: 1936 pips gain, 81% accuracy (1 lot fixed per trade so far).

2. NZDUSD: 1046.3 pips gain, 71% accuracy (3 lot fixed per trade so far).

3. GBPUSD: 441.6 pips gain, 67% accuracy (2 lots fixed per trade so far).

4. EURUSD: 479.1 pips gain, 75% accuracy (2 lots fixed per trade so far).

So, if we can set up a new account using this ea to trade ONLY AUDUSD and NZDUSD, I believe the profits will be very nice, while max drawdown may be same or sometimes LOWER than 20%.

I hope that creator of REV TRADER PRO can do this thing to show us forward-testing on a small live account of 500 usd - 1k usd and using MM at 5% - 8% to see more about actual facts on Max drawdown, relative drawdown, profit factor and others.

Have a nice day !

James



mashahid (mashahid)
Nov 03 2014 at 08:03
90 posts
Find attached back test of 2014 for EURUSD,AUDSUD and NZDUSD. I don't know why I am not getting same results as owner live test. Can anyone else run back test and upload to verify If something wrong with my tests. I ran these tests with new settings release on 15,october,2015

Attachments:


FXtrader2010
Nov 03 2014 at 12:43
724 posts
mashahid posted:
Find attached back test of 2014 for EURUSD,AUDSUD and NZDUSD. I don't know why I am not getting same results as owner live test. Can anyone else run back test and upload to verify If something wrong with my tests. I ran these tests with new settings release on 15,october,2015
What is your modeling quality? Probably less than 99%?

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