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StarFire_EURUSD15min(SHORT)+USDJPY15min(LONG) (By crescent )

The user has deleted this system.

StarFire_EURUSD15min(SHORT)+USDJPY15min(LONG) Discussion

crescent (crescent)
Jun 12 2011 at 06:38
70 posts
Hi, All.
I've been testing this ea almost for 2 weeks up to now and fortunately gained fine FT result.
The number of trade seems to have no problems, rather the ea trades very frequently than I had expected, however the main theme now is to improve this ea to make it more profitable one or reduce some more DDs, especially reducing DDs is the urgent issue.
The finer results can be seen if you refer to other 2 systems - CloveriX_MD02_Slave_2pips or CloveriX_MD02_Slave_4pips.
These 2 systems work as a slave mode of master ea, and all trading signals are sent from master ea.
Here, the master ea points out as CloveriX_MD02, an original Cloverix ea.
So, the results of these 2 systems are both obtained from the each slave ea that are all taking new positions when the price which master ea took goes to negative direction by 2-4 pips and also SL is changing depending on the setting of each slave ea, if needed.
The numbers of trade are lesser than original ea, but with a test of a few weeks, it is estimated to work more safer and more profitable, as well.
I'm gonna and proceed to make the ea work more accurate and stable.
Regards,

forexma (forexma)
Jun 12 2011 at 06:46
1332 posts
Testing an asian/preasian scalper with unregulated broker demo account is completely pointless.

"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
crescent (crescent)
Jun 12 2011 at 08:03
70 posts
Thanx, SOLAR

I know the fact.
Well, I'm gonna open real account with minimum deposit soon to see if the ea really works like demos.
Regards,

crescent (crescent)
Jun 16 2011 at 00:58
70 posts
Now, MaxTP has been changed from 3 to 7pips.
Hope have some better results!

crescent (crescent)
Jun 22 2011 at 01:29
70 posts
I've running demo in aggressive mode with Risk of 50% of equity level.
I'm gonna test with demo for a while more, then shift to the real.
When using this ea in real mode, use 25% Risk of equity or less is recommended, if you do not intend to expose your account like gambling.

crescent (crescent)
Jun 24 2011 at 04:04
70 posts
According to BT and considering recent high volatility even for pre-asian session, MaxTP has changed again to 10pips both on EURUSD and USDJPY currency pairs.

crescent (crescent)
Jun 26 2011 at 13:47
70 posts
Now, the EA is renamed as 'StarFire' EA.
This is the prime Ver of the EA, need to be revised sometimes and to be optimized for better performance.
I reviewed the results of FT for this whole month and found that SL must be more tightened to protect your balance.
Regarding recent high volatility in the market, I now put SL to 15pips(5 pips tighter than before) both for EURUSD and USDJPY pairs.
For EURUSD, I believe 15pips is enough, even though by the change of the SL parameter, the price were likely touching SL more frequently than before I have changed.
I'm gonna observe the FT results from now and modify something, if needed.


Regards,

crescent (crescent)
Jul 09 2011 at 04:35
70 posts
Looking back Starfire's trade last month on June, with a result of an analysis of the FT I've done, I found the cause of huge DD happened on early morning(or, late evening in NY session) in Japan of 16th June and of some consequence bad falls afterwards till some 21th of June.
The main cause was in trading hours on EURUSD currency pair.
By default, StarFire EA works between 22:00 and 02:00 (04:00 - 08:00 in Japan time) on any currency, but with a FT, some currencies that also include currencies pairs not listed here, have poor result in opening trade between 22:00 and 23:00.
The main reason to this might be 'Trend' which StarFire EA can not handle well at most cases.
Once the trend happens, the EA makes new positions one after another all at once that may result in fatal DD sometime, on the other hand when the market is quiet and calm enough, the EA works extremely fine.
To gain more accurate resolution to this cause, I also checked some other brokers that run StarFire EA with inferior situation(Wider spreads with poor execution), and also found that the result ended in similar cases.
So, according to the 1 month FT, most suitable trading time is from 00:00 and 02:00, server time of FXClearing. - Please adjust the accurate trading hours depending on your trading server and brokers.
I also know trading hours of 23:00 - 00:00 has almost no problems.
Besides, as for USDJPY pair, there are no matters found on trading hours up to now, so the default time setting is, as ever, recommended for trading.
Well, I'm gonna do this FT with trading hours of 22:00 -23:00 on EURUSD to see my insight is correct and wanna compare the differences among them.

Regards,

crescent (crescent)
Jul 09 2011 at 09:56
70 posts
2 chart are prepared to compare trading.
One is a main chart for trading starting from 23:00 - 02:00 with default MM setting(50% level of equity), another is a sub system to check the difference with a main chart.
The sub system starts its trading from 22:00 only for an hour(ends at 23:00) and it has fixed lot of 0.1 lot, just for test run for the moment.
I continue with the setting above from next Monday!

Regards,

Steve Walker
walker36 (walker36)
Jul 10 2011 at 06:05
1341 posts
nice tests.
hope you can get better results and low DD.
regards

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