Advertisement
BlueMonkey Real Money Live Test == Ended Oct 2014 (bei bluemonkey)
Der Benutzer hat dieses System gelöscht.
BlueMonkey Real Money Live Test == Ended Oct 2014 Diskussion
Mitglied seit Jun 22, 2014
423 Posts
Aug 28, 2014 at 18:43
Juergen posted:
OK then let´s get running 😄 !
let us know if you have any questions.
A
Mitglied seit Jun 22, 2014
423 Posts
Aug 28, 2014 at 20:12
Juergen posted:
Now I have 502,77 € on my Account and have set both pairs with 0.02 and now I hope for the first trade´s tomorrow !
No. Trading is done for the week. EA will close all open trades and will not open any other trades until Monday...
Mitglied seit Jun 22, 2014
423 Posts
Aug 28, 2014 at 20:17
(bearbeitet Aug 28, 2014 at 20:18)
Juergen posted:
Then I hope for a good Monday !😞
Indeed. looking forward to another successful trading week and of course another successful month :)
our results this month has been incredible. almost 80%!!!! thats awesome, quite excited :)
A
Mitglied seit Jun 22, 2014
423 Posts
Aug 28, 2014 at 20:21
Juergen posted:
That´s absolutely great ! I hope that the EA on my Micro Account not make Micro Profit´s !
I would look for steady profit. than big :) thats our goad. we want our EA to generate steady profit. whether it is 20% or 200%.
Mitglied seit Jun 22, 2014
423 Posts
Aug 28, 2014 at 20:25
Juergen posted:
Yes that is the most important thing, but let us look what he make on my Account next week I send you the MyFxBook Link per eMail next week !
sounds great.
Mitglied seit Jun 22, 2014
423 Posts
Aug 28, 2014 at 20:26
askew8 posted:
All trades will close even if in a negative?
no they will not. we hope they close before end of the week. yet if they dont they will get carried to next week.
only and only SL or TP close the trades.
A
Mitglied seit Oct 23, 2010
188 Posts
Aug 29, 2014 at 11:16
Understanding better your EA, If bluemonkey for example opens a buy position on eurusd and in a strong trend market, the currency went oppositely and continuously for 500 pips without correction, how your EA will get out of that difficult situation..and for how long it will stay?
Thanks to explain
Thanks to explain
Mitglied seit Mar 10, 2014
8 Posts
Aug 29, 2014 at 11:17
Ok, so I've experimented a quite a bit with the EA. Points of observation to all those who are looking to buy this / use this / know about it:
1. EA is using some kind of hybrid strategy.
* It's not pure grid (it does not allocate fixed lots at fixed drawdowns), but it does have positional targets after it opens a position.
* It's not pure martingale (it does not multiply lot sizes by fixed multiples if previous trades go the wrong way), but it does do some kind of multiplication in consecutive lots to recover poor trades.
* It's not a news trader, but appears to have some kind of filtering mechanisms (e.g. it will not open new deals just before a weekend).
* It uses some hedging too, as I've noticed it open opposite direction trades. In my testing period, both directions were ultimately profitable.
* I haven't spent enough time with the EA to be able to determine if it uses indicators like MACD, RSI or MA to enter on trend / expected reversal.
2. So far, it's profitable. Granted, a couple of weeks is not much to go by, but the EA appears to work, as evidenced by the original account.
3. Support is good, but not exceptional. Bluemonkey aka Alex is helpful, but probably not the designer / programmer of this EA, so his advice tends to stay along the lines of 'use default settings as much as possible'. He generally replies to emails once or twice a day.
4. The EA is fairly risky, but the kind of profit this EA generates does not come without risk.
5. The stop loss parameter actually works. I traded exaggerated lots on a real account to test it.
6. I haven't tried to decode my IP logs to tell if it's a trade copier from some account somewhere. But this EA certainly implements more strategies simultaneously than most other EAs out there. If it's a true EA, kudos!
Notes on how the the EA works:
* The EA is a little... buggy. When it runs OK, it tends to stay OK. But when it doesn't start off so well, it tends to open trades then freeze, leaving the trades orphaned (you'll know when the floating P/L on the chart does not match the actual). For best results, you might want to close all MetaTrader instances, open a new one, open the EURUSD and EURGBP charts, and attach the EA to each in turn with a couple of minutes wait in between to allow the EA to start on one before the other. Get the inputs right on the first try, modifying the properties after you've run it makes it hang after a while (I think).
* The EA treats each currency pair completely independently - stoploss, initial lots, everything.
* Allocate leverage to the initial trades (and set the tone for further trades) carefully. The inputs of the EA let you do that (the initial lot size parameter). Let's call it a 'base leverage'. Bluemonkey appears to be using a real 'base leverage' of about 0.2:1. If you raise that, your drawdowns will be higher.
P.S. Thanks for the nice work, team Bluemonkey! I'm enjoying this.
1. EA is using some kind of hybrid strategy.
* It's not pure grid (it does not allocate fixed lots at fixed drawdowns), but it does have positional targets after it opens a position.
* It's not pure martingale (it does not multiply lot sizes by fixed multiples if previous trades go the wrong way), but it does do some kind of multiplication in consecutive lots to recover poor trades.
* It's not a news trader, but appears to have some kind of filtering mechanisms (e.g. it will not open new deals just before a weekend).
* It uses some hedging too, as I've noticed it open opposite direction trades. In my testing period, both directions were ultimately profitable.
* I haven't spent enough time with the EA to be able to determine if it uses indicators like MACD, RSI or MA to enter on trend / expected reversal.
2. So far, it's profitable. Granted, a couple of weeks is not much to go by, but the EA appears to work, as evidenced by the original account.
3. Support is good, but not exceptional. Bluemonkey aka Alex is helpful, but probably not the designer / programmer of this EA, so his advice tends to stay along the lines of 'use default settings as much as possible'. He generally replies to emails once or twice a day.
4. The EA is fairly risky, but the kind of profit this EA generates does not come without risk.
5. The stop loss parameter actually works. I traded exaggerated lots on a real account to test it.
6. I haven't tried to decode my IP logs to tell if it's a trade copier from some account somewhere. But this EA certainly implements more strategies simultaneously than most other EAs out there. If it's a true EA, kudos!
Notes on how the the EA works:
* The EA is a little... buggy. When it runs OK, it tends to stay OK. But when it doesn't start off so well, it tends to open trades then freeze, leaving the trades orphaned (you'll know when the floating P/L on the chart does not match the actual). For best results, you might want to close all MetaTrader instances, open a new one, open the EURUSD and EURGBP charts, and attach the EA to each in turn with a couple of minutes wait in between to allow the EA to start on one before the other. Get the inputs right on the first try, modifying the properties after you've run it makes it hang after a while (I think).
* The EA treats each currency pair completely independently - stoploss, initial lots, everything.
* Allocate leverage to the initial trades (and set the tone for further trades) carefully. The inputs of the EA let you do that (the initial lot size parameter). Let's call it a 'base leverage'. Bluemonkey appears to be using a real 'base leverage' of about 0.2:1. If you raise that, your drawdowns will be higher.
P.S. Thanks for the nice work, team Bluemonkey! I'm enjoying this.
Never trade forex if you can't! :)
Aug 29, 2014 at 11:24
bluemonkey posted:
*********** ANNOUNCEMENT
*********** ANNOUNCEMENT
*********** ANNOUNCEMENT
we have launched a demo account which you have access to with username and password and attached the EA to it with default settings.
below is the account credentials:
User: 261455
Pass: x6sntwi
broker: finfx
let us know if you have any questions.
A
Hi there,
is this demo still active? I have problem to log in there.
Thanks
forex_trader_113355
Mitglied seit Feb 22, 2013
116 Posts
Aug 29, 2014 at 11:26
Hi Alex,
Your EA in one of the account which you checked last time is not taking correct trades. It has taken BUY 4.31 lot of EURGBP instead sell trade and 4.31 lots of BUY trade of EURUSD. Due to this my floating loss is increased. Please advise immediate remedial action.
Regards,
Dhiraj
Your EA in one of the account which you checked last time is not taking correct trades. It has taken BUY 4.31 lot of EURGBP instead sell trade and 4.31 lots of BUY trade of EURUSD. Due to this my floating loss is increased. Please advise immediate remedial action.
Regards,
Dhiraj
Aug 29, 2014 at 11:46
dhiraj posted:
Hi Alex,
Your EA in one of the account which you checked last time is not taking correct trades. It has taken BUY 4.31 lot of EURGBP instead sell trade and 4.31 lots of BUY trade of EURUSD. Due to this my floating loss is increased. Please advise immediate remedial action.
Regards,
Dhiraj
I have open now 5 buy orders eur-gbp eur-usd have tp this morning!!!!!
Mitglied seit Jun 22, 2014
423 Posts
Aug 29, 2014 at 17:02
askew8 posted:
Hi Alex,
I was under the impression that no trades would be opened today. All my trades closed in profit today and that's great but I just got an open eurgbp sell order. Is this normal or supposed to happen?
yes. me too, but that's ok. the EA decided to open trades since it has found a great trading opportunity. normally Fridays have lower weight and trades wouldn't normally generate.
A
Mitglied seit Jun 22, 2014
423 Posts
Aug 29, 2014 at 17:02
parlavink posted:dhiraj posted:
Hi Alex,
Your EA in one of the account which you checked last time is not taking correct trades. It has taken BUY 4.31 lot of EURGBP instead sell trade and 4.31 lots of BUY trade of EURUSD. Due to this my floating loss is increased. Please advise immediate remedial action.
Regards,
Dhiraj
I have open now 5 buy orders eur-gbp eur-usd have tp this morning!!!!!
Sweet :)
Mitglied seit Jun 22, 2014
423 Posts
Aug 29, 2014 at 17:03
dhiraj posted:
Hi Alex,
Your EA in one of the account which you checked last time is not taking correct trades. It has taken BUY 4.31 lot of EURGBP instead sell trade and 4.31 lots of BUY trade of EURUSD. Due to this my floating loss is increased. Please advise immediate remedial action.
Regards,
Dhiraj
i will get on your account and check it.
A
