Ruby Forex Expert Advisor (by RubyEA) Quick Stats
Gain: -97.69%
Drawdown: 63.44%
Pips: 210.5
Trades: 105
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Automated

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Ruby Forex Expert Advisor Discussion
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nikitug

Member Since Sep 19, 2016  3 posts nikitug May 28 at 15:56
Hi,
are you going to deposit additional funds or let your account blow up?

Trallod

Member Since Oct 30, 2019  15 posts Trallod May 30 at 15:01
Recently, there have been quite a few such advisers. But you shouldn't relax before the time, you should check everything first. Especially when it comes to your money.

nikitug

Member Since Sep 19, 2016  3 posts nikitug Jun 03 at 16:00
Oooops...

B3rz3rz3D

Member Since Feb 12, 2019  8 posts B3rz3rz3D Jun 03 at 18:15
Lol yeah, ouch. Luckily I was out of that trade a long time ago, but definitely not a good look for the EA.

iradisic

Member Since Apr 10, 2020  1 posts iradisic Jun 05 at 19:50 (edited Jun 05 at 19:52 )
RubyEA posted:
B3rz3rz3D posted:
Awesome, thank you! I read more about it and now I better understand. Well, the results look great so far. Keep up the good work!

So, I assume you have (or had at that time) Maximum_Drawdown set to atleast 64 for this account, or else those trades would have closed, correct?

Could you quickly explain what Lots_Risk and Max_Lots do please? For example, looking at a backtest using your EA, Lots_Risk is set to 15 and Max_Lots is set to 50. What exactly does that mean?

Thank you!


Dear @B3rz3rz3D

Thanks for your support. We try our best.

For this test we didn't limit the Max DD. This is a test to show the EA's potential. However for our clients we recommend the default settings where the Max DD has been set to 35%.

Below are the EA's input parameters description:

“Lots_Risk”: It determines the trades’ lot size. For “Lots_Risk” equal to 10 and 1000$ account balance the trade size would be 0.1 standard lots.

“Max_Lots”: It is the maximum lot size for each trade. If the calculated lot size using the “Lots_Risk” parameter be more than “Max_Lots” then the EA would open the new trades with the size equal to the “Max_Lots” parameter.

“Maximum_Drawdown”: This parameter determines the maximum drawdown of the account. Default value is 35 which mean the EA closes all open trades if the total loss exceeds 35% of the account balance.

Regards
William


We have seen all the EA potential now. Impressive, indeed. You have tried your best, and results are visible. I am scared about what would happen if you try even harder than that...

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.