Brexit
Jun 30, 2016 at 06:16
BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.
Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.
Keep at it
Jul 01, 2016 at 08:42
Magiic posted:BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.
Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.
Sounds like you and I have a very similar system.
For every loss there should be at least an equal and opposite profit.
Mitglied seit Dec 04, 2010
1557 Posts
Jul 01, 2016 at 17:20
(bearbeitet Jul 01, 2016 at 17:28)
delete post
forex_trader_338611
Mitglied seit Jun 23, 2016
9 Posts
Jul 01, 2016 at 19:47
Magiic posted:BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.
Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.
Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.
Jul 02, 2016 at 01:02
BV350IE posted:Magiic posted:BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.
Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.
Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.
I don't see how an equity line under balance is any different from a fluctuating balance line. It depends entirely on how much I suppose.
Anything going long for enough will crash according to probability. So I have no issue with small open trades, especially if it's averaging in the direction of the trend, and averaging out of losses in the trend direction.
Keep at it
Jul 02, 2016 at 04:08
BV350IE posted:Magiic posted:BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.
Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.
Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.
As well, you can adjust the risk to much less if equity fluctuations make you nervous, and or just run with the amount of DD you are prepared to have as the total balance.
If you have 10,000 and only want to have 30% DD use just 3,000 on a cent account and let it run, that way you will not breach your 30%DD and you can use the other 7,000 for a 'safer EA' or a high interest savings account.
Just my thoughts, everything comes with risk, nothing is guaranteed. As far as a bank can become insolvent.
Don't base any decisions off of me.
Have a good weekend all. :)
Keep at it
Mitglied seit Jan 14, 2014
386 Posts
Jul 03, 2016 at 06:20
ProTradersGroup posted:ProTradersGroup posted:
Wait for a pull back than jump in short GBP!
Adding trade
Hope you all have good profits.
https://www.myfxbook.com/community/experienced-traders/technical-analysis-medium-long-term/720380,5
Have a nice weekend!
forex_trader_338611
Mitglied seit Jun 23, 2016
9 Posts
Jul 03, 2016 at 06:32
Magiic posted:BV350IE posted:Magiic posted:BV350IE posted:
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.
Hey, yes, many of the EA's are running grid type strategies, not at all standard grids, direction of the trend, and averages out if it gets it wrong, again with the trend direction. Much more on them at DonnaForex.
Thanks for the link but it makes me nervous anytime I see a performance with the equity line (below) the balance line. It seems too risky for anything long-term.
As well, you can adjust the risk to much less if equity fluctuations make you nervous, and or just run with the amount of DD you are prepared to have as the total balance.
If you have 10,000 and only want to have 30% DD use just 3,000 on a cent account and let it run, that way you will not breach your 30%DD and you can use the other 7,000 for a 'safer EA' or a high interest savings account.
Just my thoughts, everything comes with risk, nothing is guaranteed. As far as a bank can become insolvent.
Don't base any decisions off of me.
Have a good weekend all. :)
The equity line trailing below the balance line isn't the only thing making me nervous about it. It doesn't appear to do 'real' trading. For one thing, there are 337 trades in USDJPY with all being shorts and zero longs. Similarly with AUDNZD.
The overall pips it's gained is -29034.4 with a net profit. So with a net profit that means at some point, the lots were increased in order to close the losing basket for a net profit. That's incredibly dangerous; what if that one trade with the large lot continues moving against?
There are many more things I can point out that tell me this is a ticking time-bomb. I know this from experience that wiped me out and I'm just trying to warn against it so that maybe it will save someone some money that I personally lost.
Jul 03, 2016 at 07:58
(bearbeitet Jul 03, 2016 at 08:06)
Some of the strategies do increase lots.
The reason for the USDJPY being shorts only, is that if you look at the USDJPY it has been trending down. The reason for the negative pips, is that it scales out of positions. EZE074 doesn't increase trade size for losing trades, only when balance increases.
EZE074/5/6/7 USDJPY/AUDNZD/AUDCAD/NZDCAD* trade flat lots.
The account on display is running aggressively as stated at the beginning.
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The reason for the USDJPY being shorts only, is that if you look at the USDJPY it has been trending down. The reason for the negative pips, is that it scales out of positions. EZE074 doesn't increase trade size for losing trades, only when balance increases.
EZE074/5/6/7 USDJPY/AUDNZD/AUDCAD/NZDCAD* trade flat lots.
The account on display is running aggressively as stated at the beginning.
Anhänge:
Keep at it
Jul 04, 2016 at 10:09
Interesting news: Nigel Farage steps down as leader of UKIP. Claims his purpose has been fulfilled - getting UK out of EU. Correct me if I'm wrong but wasn't he the one who made all the promises? surely he should be the one to see them through?
Seems GBP is somewhat strengthening on the news, but still hitting some resistance. Your thoughts?
Seems GBP is somewhat strengthening on the news, but still hitting some resistance. Your thoughts?
For every loss there should be at least an equal and opposite profit.
forex_trader_29148
Mitglied seit Feb 11, 2011
1916 Posts
Jul 04, 2016 at 13:20
not going to come back overnight but it will soon,patience is the key word here
Mitglied seit Dec 11, 2015
1487 Posts
Jul 05, 2016 at 08:26
It looks like the British are flocking to Bitcoin to try and avoid the crash of their own currency. Coinbase reports a surge of over 350% of bitcoin purchases from UK clients. (https://smnweekly.com/2016/07/01/coinbase-sees-record-sign-ups-uk-around-brexit-vote/) This is one of the largest increases they've seen from one region over the period of one week.
Jul 05, 2016 at 08:27
mlawson71 posted:
It looks like the British are flocking to Bitcoin to try and avoid the crash of their own currency. Coinbase reports a surge of over 350% of bitcoin purchases from UK clients. (https://smnweekly.com/2016/07/01/coinbase-sees-record-sign-ups-uk-around-brexit-vote/) This is one of the largest increases they've seen from one region over the period of one week.
That makes sense. Any personal view if it will move up more and or sustain it's price? Or down as fast as it went up?
Keep at it
Jul 05, 2016 at 09:46
Interesting catch mlawson71, thank you... I notice the GBP going south again with some strength. I don't have Bitcoin as a listed instrument with current broker, so I can't grab popcorn and watch the show :-(
Magixs, my guess (big big guess) would be that if the consensus is to buy, and buyers are buying in tranches, then it may be sustained for a while (days to weeks) and therefore you would be looking at going long. (that's my reasoning, not advice... do whatever you want at own risk.)
Magixs, my guess (big big guess) would be that if the consensus is to buy, and buyers are buying in tranches, then it may be sustained for a while (days to weeks) and therefore you would be looking at going long. (that's my reasoning, not advice... do whatever you want at own risk.)
For every loss there should be at least an equal and opposite profit.
Jul 05, 2016 at 09:51
xgavinc posted:
Interesting catch mlawson71, thank you... I notice the GBP going south again with some strength. I don't have Bitcoin as a listed instrument with current broker, so I can't grab popcorn and watch the show :-(
Magixs, my guess (big big guess) would be that if the consensus is to buy, and buyers are buying in tranches, then it may be sustained for a while (days to weeks) and therefore you would be looking at going long. (that's my reasoning, not advice... do whatever you want at own risk.)
I'm not trading it either, simply interested, personally feel as though I completely missed the bandwagon, and it's a little high for me to buy into now for a longer term thing. Still interesting none the less.
As for GBP, I am short from 1.3323 and it's a small enough size to see out whatever volatility there is, and aims for 1-3 months at 1.30-1.25
Keep at it
Jul 05, 2016 at 09:58
Magiic posted:
I'm not trading it either, simply interested, personally feel as though I completely missed the bandwagon, and it's a little high for me to buy into now for a longer term thing. Still interesting none the less.
As for GBP, I am short from 1.3323 and it's a small enough size to see out whatever volatility there is, and aims for 1-3 months at 1.30-1.25
I'm also continuing short on GBP, my EA took some profit off the table this morning. Keep at it ;-)
For every loss there should be at least an equal and opposite profit.
forex_trader_342109
Mitglied seit Jul 07, 2016
4 Posts
Jul 08, 2016 at 07:04
The majority of my colleagues and simply smart thinking people in different parts of the world with whom I have the pleasure to communicate say that the euro now is the smoking gun and it is very close about to break out. Well no wonder there was a lot of talking about the parity of the dollar and the euro so there you have the prerequisites
Jul 08, 2016 at 13:16
Haltz posted:
The majority of my colleagues and simply smart thinking people in different parts of the world with whom I have the pleasure to communicate say that the euro now is the smoking gun and it is very close about to break out. Well no wonder there was a lot of talking about the parity of the dollar and the euro so there you have the prerequisites
Looks like the EURUSD just sneezed.
For every loss there should be at least an equal and opposite profit.
Mitglied seit Dec 11, 2015
1487 Posts
Jul 09, 2016 at 10:03
Magiic posted:mlawson71 posted:
It looks like the British are flocking to Bitcoin to try and avoid the crash of their own currency. Coinbase reports a surge of over 350% of bitcoin purchases from UK clients. (https://smnweekly.com/2016/07/01/coinbase-sees-record-sign-ups-uk-around-brexit-vote/) This is one of the largest increases they've seen from one region over the period of one week.
That makes sense. Any personal view if it will move up more and or sustain it's price? Or down as fast as it went up?
It moved up right after Brexit for obvious reasons, whether it will continue moving up in the future depends on the political situation in the UK, I suppose.
