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Tom'sEa WPFX LIVE (Od TomsEaWPFXlive)
Uživatel odstranil tento systém.
Tom'sEa WPFX LIVE diskuse
Členem od Oct 05, 2011
60 příspěvků
May 16, 2012 at 01:33
fx_raptor posted:
They closed position manually,but it's meaningless,this account has wiped out,after they sell a lot copy,they will run it on another account,and when it make some profit,they will come out some day with another name ,another website😂
Not sure what you mean by this account has wiped out. It started with 10k and even if we were to liquidate now we would still be up almost 80%. My goal is 100% a year and this account has only been trading since August. If we take a hit like that we would still be on track to hit my target and then some. If we dont take a huge hit we will have already surpassed that substantially. Am I missing something here?
Dustin
P.S. No need to yell. And on another note, our company has more integrity than to cover up this account with a new one. You are now discussing things you know nothing about. It seems as if you have fallen into that type of trap before. Please do not bring baggage from past experiences that are totally unrelated to this discussion.
Členem od Apr 08, 2012
10 příspěvků
May 16, 2012 at 12:25
GlobalProfit posted:
fx_raptor posted:
They closed position manually,but it's meaningless,this account has wiped out,after they sell a lot copy,they will run it on another account,and when it make some profit,they will come out some day with another name ,another website😂
Not sure what you mean by this account has wiped out. It started with 10k and even if we were to liquidate now we would still be up almost 80%. My goal is 100% a year and this account has only been trading since August. If we take a hit like that we would still be on track to hit my target and then some. If we dont take a huge hit we will have already surpassed that substantially. Am I missing something here?
Dustin
P.S. No need to yell. And on another note, our company has more integrity than to cover up this account with a new one. You are now discussing things you know nothing about. It seems as if you have fallen into that type of trap before. Please do not bring baggage from past experiences that are totally unrelated to this discussion.
Dustin, do not worry.
These are people with no trading experience.
Anyone who knows a little of markets, know that every work plan has its periods of difficulty.
This is one of those but, as you may at this point the results are amazing.
FOREX IS...ARITHMETIC!
Členem od Nov 01, 2011
37 příspěvků
May 16, 2012 at 19:37
I'd be interested in hearing what Tom has to say on the subject?
Členem od Dec 28, 2011
94 příspěvků
May 16, 2012 at 21:21
flopps posted:
I have set all my pairs to "Activate EA" to False.... as I have hit my 30% DD level that makes me sit up and really take notice. I do not want any new positions (even to Hedge) until the market has calmed down.
I will be manually intervening from now on to protect my account. I believe that Tom and Dustin are doing the same.
Unfornaturnately, Flopps, by deactive EA, it will only stop hedging positions but not adding losing basket. I found out this because I did exactly you did. Only way to stop EA for the pair is to uncheck "allow live trade". I have asked Ivan who told me this is normal behavior for the TEA.
Song
forex_trader_13385
Členem od Jun 10, 2010
48 příspěvků
May 16, 2012 at 23:58
Dustin/Ivan, Just checked this account & also noticed the SL is visible - why?
SL visible is now default ? I hope not with the new version, or optional at least.
SL visible is now default ? I hope not with the new version, or optional at least.
Členem od Nov 06, 2011
181 příspěvků
May 17, 2012 at 10:40
drsong123 posted:
flopps posted:
I have set all my pairs to "Activate EA" to False.... as I have hit my 30% DD level that makes me sit up and really take notice. I do not want any new positions (even to Hedge) until the market has calmed down.
I will be manually intervening from now on to protect my account. I believe that Tom and Dustin are doing the same.
Unfornaturnately, Flopps, by deactive EA, it will only stop hedging positions but not adding losing basket. I found out this because I did exactly you did. Only way to stop EA for the pair is to uncheck "allow live trade". I have asked Ivan who told me this is normal behavior for the TEA.
Song
My V1.89 of tomsea hedges regularly even when "not activated". I regularly deactivate pairs that I no longer want to trade and what happens to me is that hedging still functions as normal but when a basket is closed, a new one is not opened. If a hedge is still in place, it carries on managing that until slowly there will be no open positions.
forex_trader_13385
Členem od Jun 10, 2010
48 příspěvků
May 17, 2012 at 14:30
(Upravené May 17, 2012 at 14:31)
I set 'activate ea' false on eurgbp with no shorts open & only new longs have been taken on the existing basket.
Copped 1 SL on eurusd small lot size, but only on 1 account so far.
Copped 1 SL on eurusd small lot size, but only on 1 account so far.
Členem od Dec 28, 2011
94 příspěvků
May 17, 2012 at 15:14
HI, Tradingshed
when TEA not activated and hedging allowed, only smaill hedging positions allowed. when grid get to higher level, (I don't know exactly which one), no hedge will enter.
Song
when TEA not activated and hedging allowed, only smaill hedging positions allowed. when grid get to higher level, (I don't know exactly which one), no hedge will enter.
Song
Členem od Jan 24, 2012
60 příspěvků
May 18, 2012 at 00:24
(Upravené May 18, 2012 at 00:39)
drsong123 posted:
HI, Tradingshed
when TEA not activated and hedging allowed, only smaill hedging positions allowed. when grid get to higher level, (I don't know exactly which one), no hedge will enter.
Song
maybe you (deactivate EA+allow hedging) the pair *when* only one side is with open trades,
so it'll not hedge & just manage those opened trades accordingly?
hmm... i don't think i would want to unhedge when i got 2 sides opened... wonder how the EA will work with that... safer to demo that to find out more.
Členem od Jan 24, 2012
60 příspěvků
May 18, 2012 at 02:35
& U/CAD breaking new high... the love of greenback's maybe coming back... :T
Členem od Dec 28, 2011
94 příspěvků
May 18, 2012 at 02:45
the large drawdown of TEA stems from accelareted add on to losing basket with fix interval instead of slowing down addon when trend speed up. both large losing basket compounds with increasing lot size make very difficult to avoid margin call. Unforturnately, TEA does not provide a control to stop addon temporally without lose ablity to manage open positions. One solution I can think of is to close profitable addon before turn to lose again during raging trend.
ss
ss
Členem od Aug 25, 2011
63 příspěvků
May 18, 2012 at 08:23
Hello all. Can anyone explain to me why some trades in a basket close for no apparent reason? Sometimes, 1,2,3 trades will close while 5 or 6 remain open and then new trades continue to get added to the remaining basket. I understand that any single trade losing 600 pips will be closed and that the TP per trade is 30 pips, but many times, neither of these are the case, but the trades sttill close anyway. Perhaps there is some rule or set of rules in the logic that governs this (I hope so!) but I would like to know what they are. If it is proprietary information, bummer. Can Ivan or anyone else comment or enlighten me on this, even a little bit? Thanks in advance.
Make it, or break it!
Členem od Aug 25, 2011
63 příspěvků
May 18, 2012 at 08:23
Another question I have on baskets is about the maximum drawdown percent setting. My understanding is that this is set individually for each pair, and thus pertains only to the current open basket for that pair. Therefore, for example, if the setting is 40% for EG, and the equity in that open basket at any time falls by 40% of the cost of the current basket, then all trades in that basket will close, but the others will not, unless they have also declined 40% (or a different % if it is different for that pair). This is 40% of the cost of the current open basket, not of the total account equity. Is that correct?
If so, then I would like to have a real-time report of what % each basket is currently drawn down. My understanding is that Myfxbook drawdown numbers are the max to date on the entire portfolio. How can we get them, or someone, to provide a basket level report?
Thanks.
If so, then I would like to have a real-time report of what % each basket is currently drawn down. My understanding is that Myfxbook drawdown numbers are the max to date on the entire portfolio. How can we get them, or someone, to provide a basket level report?
Thanks.
Make it, or break it!
Členem od Aug 25, 2011
63 příspěvků
May 20, 2012 at 06:03
what is the difference between these?
http://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
http://www.myfxbook.com/members/GlobalProfit/profit-agent/205309
http://www.myfxbook.com/members/fxtradertom/toms-ea-hedging/196298
http://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
http://www.myfxbook.com/members/GlobalProfit/profit-agent/205309
http://www.myfxbook.com/members/fxtradertom/toms-ea-hedging/196298
Make it, or break it!
Členem od Oct 05, 2011
60 příspěvků
May 20, 2012 at 19:26
(Upravené May 20, 2012 at 19:27)
doegie posted:
what is the difference between these?
http://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
http://www.myfxbook.com/members/GlobalProfit/profit-agent/205309
http://www.myfxbook.com/members/fxtradertom/toms-ea-hedging/196298
The top two are the same account. We created the second because we have a site that only pushes the Mirror and not the EA and to keep confusion down we didn't want people posting about the EA in the Mirror trader only thread so we just created a second version of the same account.
The last one is the Mirror trading account. IE the actual account the mirror trader users are mirroring.
Členem od Jun 06, 2011
7 příspěvků
May 20, 2012 at 21:04
(Upravené May 20, 2012 at 21:10)
Look, I mainly develop proprietary stuff, but I've been watching this system some time with interest. In light of the recent events, I'd like to offer up some advice. The system is what it is, but I think a much safer way to trade it would be something like:
Long Only EURUSD
Short Only EURJPY
Long Only USDJPY
In this way you're long one EUR, short one EUR. Long one USD, short one USD. Long one JPY, short one JPY.
If the JPY is trending, your drawdown would only be in one of the pairs.
If the EUR is trending your drawdown will only be in one of the pairs.
If the USD is trending, your .... you getting the idea?
You could do any combination as long as it looks like a tri-arb ring. EURUSD,EURGBP,GBPUSD or EURUSD,EURCAD,USDCAD... we could do this forever, but I'm sure by now you get what I'm saying. It's fractional disparity in play.
NOTE: THIS IS NOT A RECOMMENDATION TO PEOPLE TRADING THE EA. It's to the developers. I don't know what the code looks like and this could very well screw up an account. Depending on what's in the code, this could very well work and work well. I ran similar systems a few years ago in this configuration and while they were eventually replaced with something better, they worked.
Feel free to contact me at mclean [at] mcleanvancleve.com if you're interested in discussing further. If not, then I wish you all the best.
Long Only EURUSD
Short Only EURJPY
Long Only USDJPY
In this way you're long one EUR, short one EUR. Long one USD, short one USD. Long one JPY, short one JPY.
If the JPY is trending, your drawdown would only be in one of the pairs.
If the EUR is trending your drawdown will only be in one of the pairs.
If the USD is trending, your .... you getting the idea?
You could do any combination as long as it looks like a tri-arb ring. EURUSD,EURGBP,GBPUSD or EURUSD,EURCAD,USDCAD... we could do this forever, but I'm sure by now you get what I'm saying. It's fractional disparity in play.
NOTE: THIS IS NOT A RECOMMENDATION TO PEOPLE TRADING THE EA. It's to the developers. I don't know what the code looks like and this could very well screw up an account. Depending on what's in the code, this could very well work and work well. I ran similar systems a few years ago in this configuration and while they were eventually replaced with something better, they worked.
Feel free to contact me at mclean [at] mcleanvancleve.com if you're interested in discussing further. If not, then I wish you all the best.
It's only money...
Členem od Jan 24, 2012
60 příspěvků
May 20, 2012 at 23:48
Good change, i see for mine, for the tweak to adapt with current equity :)
Thanks, team of Tom's EA :)
Thanks, team of Tom's EA :)
Členem od Aug 25, 2011
63 příspěvků
May 21, 2012 at 06:15
GlobalProfit posted:
doegie posted:
what is the difference between these?
http://www.myfxbook.com/members/TomsEaWPFXlive/tomsea-wpfx-live/151409
http://www.myfxbook.com/members/GlobalProfit/profit-agent/205309
http://www.myfxbook.com/members/fxtradertom/toms-ea-hedging/196298
The top two are the same account. We created the second because we have a site that only pushes the Mirror and not the EA and to keep confusion down we didn't want people posting about the EA in the Mirror trader only thread so we just created a second version of the same account.
The last one is the Mirror trading account. IE the actual account the mirror trader users are mirroring.
OK - if I understand, and I really tried to, the second and third links are both the mirror system? If so, then why on Earth do they look so completely different? Sorry, but for me you are increasing confusion not decreasing it! And what is the purpose of re-branding the EA in the first place? I can see no reason except that it allows you to keep your word to limit the sales of Tom's EA while allowing you to violate that statement by selling more of it under a different name. A very sleazy practice!
Make it, or break it!
Členem od Apr 08, 2012
10 příspěvků
May 21, 2012 at 14:11
Hi everyone,
here is my plan for cover, and maybe gain from the drawdown.
This is only to use after level 8 or 9 in a drawdawn, or (better, for me) when the account reaches the 30/40% dd.
Using this system we avoid the risk of burn our total account, we have only to accept a normal loss, but when the dd will continue for some level again we could close with a gain.
Starting at level 8/9 we have to open a revers position at the same price, or similar, of the software, and use the same tp as him (in our case is a stop loss) . We repeat this operation for the next other level, and change the tp/sl of all ours manual position as the software.
So, if the basket will be closed after our first manual position, we will bring home a loss, when it will close after the second position maybe in balance or small loss, but in the next level we could even earn some.
Here is an example with the current dd in the WPFX Live Account.
Level 8, 0.15 in a small accoun rl1, 0.46 in this case (Dustin live account):
0.46 entry 0.8167
0.63 entry 0.8140
0.83 entry 0.8115
0.92 entry 0.8067
Tp of the basket at this level 0.8086, so the gain of ours manual position opened at the same (or similar) price of Tom, are:
0.46 pips 81 gain $ 372
0.63 pips 54 gain 340
0.83 pips 29 gain 240
0.92 pips -19 gain -174
Total $ 778
The loss, when the basket was closed after our first manual position would have been +\- 100 pips/ $ 460.
When Tom had closed the basket at the tp price, instead closing all position at 40% dd with the Liquidation setting, the result was this, $ 778 instead a large loss. May have opened other levels, but our first manual positions would earn even more.
Plus with this method we will not have problem of margin call, because we cover the margin used by the EA with our position.
Up & down of this plan:
UP: - we eliminate "dreaded dd" why we cover they.
- We do not have margin call.
- We could work with some more pairs, because we don´t dread dd.
- We gain some "extramoney" when the dd continue a pair level after our first manual trade.
DOWN: - we could have a loss when the basket is closed after our first or second manual position (but we not burn our total account, we have only an accettable loss)
- We have to monitoring the market often to see when the software open new position in the basket (but, i mean, this is a work, not a hobby, isn'it?)
I'm sorry for my terrible english.
here is my plan for cover, and maybe gain from the drawdown.
This is only to use after level 8 or 9 in a drawdawn, or (better, for me) when the account reaches the 30/40% dd.
Using this system we avoid the risk of burn our total account, we have only to accept a normal loss, but when the dd will continue for some level again we could close with a gain.
Starting at level 8/9 we have to open a revers position at the same price, or similar, of the software, and use the same tp as him (in our case is a stop loss) . We repeat this operation for the next other level, and change the tp/sl of all ours manual position as the software.
So, if the basket will be closed after our first manual position, we will bring home a loss, when it will close after the second position maybe in balance or small loss, but in the next level we could even earn some.
Here is an example with the current dd in the WPFX Live Account.
Level 8, 0.15 in a small accoun rl1, 0.46 in this case (Dustin live account):
0.46 entry 0.8167
0.63 entry 0.8140
0.83 entry 0.8115
0.92 entry 0.8067
Tp of the basket at this level 0.8086, so the gain of ours manual position opened at the same (or similar) price of Tom, are:
0.46 pips 81 gain $ 372
0.63 pips 54 gain 340
0.83 pips 29 gain 240
0.92 pips -19 gain -174
Total $ 778
The loss, when the basket was closed after our first manual position would have been +\- 100 pips/ $ 460.
When Tom had closed the basket at the tp price, instead closing all position at 40% dd with the Liquidation setting, the result was this, $ 778 instead a large loss. May have opened other levels, but our first manual positions would earn even more.
Plus with this method we will not have problem of margin call, because we cover the margin used by the EA with our position.
Up & down of this plan:
UP: - we eliminate "dreaded dd" why we cover they.
- We do not have margin call.
- We could work with some more pairs, because we don´t dread dd.
- We gain some "extramoney" when the dd continue a pair level after our first manual trade.
DOWN: - we could have a loss when the basket is closed after our first or second manual position (but we not burn our total account, we have only an accettable loss)
- We have to monitoring the market often to see when the software open new position in the basket (but, i mean, this is a work, not a hobby, isn'it?)
I'm sorry for my terrible english.
FOREX IS...ARITHMETIC!
Členem od Feb 15, 2012
197 příspěvků
May 21, 2012 at 19:56
Hi my Tom's is going pretty well but interested in SuitsFx's advice. Could someone explain better?
Also do you think it would be value, through trade copier, to exclude first three 0.01 trades (run Tom in demo and copy to live without 0.01 lots)?
Thanks
Also do you think it would be value, through trade copier, to exclude first three 0.01 trades (run Tom in demo and copy to live without 0.01 lots)?
Thanks
