In another week or two, I'll make the system available at Zipsignals. The History is still building there and the system needs to be approved.
The results on zulutrade do not reflect the master account because they have a limit of 10 open positions and a series of other restrictions that I wasn't aware of. I'll consider redoing the setup with zulutrade and start over in the near future.
Momentum Break outs don't happen often but when they do, the pip count far exceed any other strategy. I've had interest in the Fast Forex Millions EA after seeing last years backtest results. The fact that it does well with a decent r/r ratio made me spend a day reverse engineering the entry logic. I started to forward test my momentum breakout EA under the magic ( f_1) which is similar to FFM. However, I'm currently running it on a M1 TF instead of M15 Bars. I'll obviously get more signals this way and each signal will produce a smaller pip gain as the trailing stop will be tighter.
So far it captured a good amount of pips from the FOMC announcement. I'll continue forward testing and making adjustments as needed.
I lost 18.71%( DD recorded) in 1 day from the high of 24% on dec 12th, 2011
This loss was from Manual trading. I was sending my manual trades through the signal hub at 10x the normal lot size that I normally trade with. After that point, all trades are from the basket of EA's.
I also made a few changes over the weekend to decrease drawdown and as a result it will be very difficult to hit my Equity Stop Out level.
I'll be modifying my break out Strategy today after analyzing yesterday's selloff in hopes to maximize the takeprofit and keep the trades running longer.
walker36 posted: a lot EA s. different approach. good luck!
I've seen a few traders/system developers take this approach in the last year and their experience really shed some light on my overview to automation. Remus(nextlevelforex) in particular added to my inspiration to focus on the long term objective by proper diversification
A tad bit of DD today. EURUSD continues to be bullish. It's still in a bullish channel after breaking out of the prolonged bearish channel. I'm currently short, but maybe I'll flip it and ride this trend to 1.50 =)
Zipsignals trading history will be available within 1 more week.
I'm also running a demo account with a Fixed Lot size to monitor the gains vs pips as I will intervene from time to time ( Manual Entry with larger lot Size). This demo account also operates at 10 times the standard risk setting for SHOW ONLY. I do not recommend a risk setting greater than standard risk profile. The standard risk setting applies a 20% Stopout, meaning 80% Equity protection at all times. Therefore an account that operates at 10 times the standard risk would not be able to operate with Equity Protection. Even an account with 5 times the std Risk setting would MarginCall if my Live account at IBFX hits the 20% Stopout.
My account also operates at 50:1 Leverage and No Hedging to allow US Followers. Unfortunately, NON FIFO is necessary. FXDD, ILQ, ATC, IBFX = ok
Zipsignals account will be released in 3 more weeks.
I reference to the Trading history from Rent A signal because RAS is the only website that records the Pip drawdown for each Individual trade. By reviewing this trading log, you can see how some trades has excellent accuracy while other trades are held at losses until closed out at small profit or loss.
Also, the daily Drawdown of Equity is much clearer than any other third party verification website.
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