Ruby Forex Expert Advisor Diskussion

20 pips?? Lol the daily ATR for EURUSD right now is 70+ pips. The pair can move 20 pips in a matter of minutes. A stoploss that tight would lose you most of your trades unless your entries were almost perfect. This EA makes very good entries, but they definitely drawdown atleast 20 pips routinely. At the recommended risk parameter of 10, 20 pips is only 2% drawdown. The recommended max drawdown is 35%. That's 350 pips of wiggle room. 20 pips is ridiculous.

If 2 trades are open at a loss, the system will let them run until they either close at the TP, or the combined drawdown equals the max drawdown you set in the parameters.

The true max drawdown is actually much more than the 13% myfxbook shows. I honestly wouldn't trust their drawdown numbers at all, I was able to find many errors in just a short amount of time looking. The max drawdown happened on a pair of trades opened on 2/3 and 2/5, right when the coronavirus scare kicked off. Each trade drew down to about 250+ pips. I believe the EA was running a higher risk setting back then, but even at the current recommended risk setting of 10, that would still be a 50%+ drawdown. No other trade has drawn down even remotely as far as those two have, but it shows what can happen randomly when a big unforeseen event affects the market.

B3rz3rz3D posted:
20 pips?? Lol the daily ATR for EURUSD right now is 70+ pips. The pair can move 20 pips in a matter of minutes. A stoploss that tight would lose you most of your trades unless your entries were almost perfect. This EA makes very good entries, but they definitely drawdown atleast 20 pips routinely. At the recommended risk parameter of 10, 20 pips is only 2% drawdown. The recommended max drawdown is 35%. That's 350 pips of wiggle room. 20 pips is ridiculous.

If 2 trades are open at a loss, the system will let them run until they either close at the TP, or the combined drawdown equals the max drawdown you set in the parameters.

The true max drawdown is actually much more than the 13% myfxbook shows. I honestly wouldn't trust their drawdown numbers at all, I was able to find many errors in just a short amount of time looking. The max drawdown happened on a pair of trades opened on 2/3 and 2/5, right when the coronavirus scare kicked off. Each trade drew down to about 250+ pips. I believe the EA was running a higher risk setting back then, but even at the current recommended risk setting of 10, that would still be a 50%+ drawdown. No other trade has drawn down even remotely as far as those two have, but it shows what can happen randomly when a big unforeseen event affects the market.

Thank you for the explanation! Yeah, I thought the same about the maximum DD. 😉

Hi

Thanks so much @B3rz3rz3D for your detailed answer. It is completely true.

Kind Regards
William

Dear @marco_mmbiz

As @B3rz3rz3D said the the floating DD can be higher depending on the market conditions.

As I said before when the first trade goes to loss then the EA waits for a suitable time and opens the second one and set the TP of both positions in a level where the out come would be +5 pips. However if the market still goes to opposite direction and the total loss exceeds the Max DD level then the EA would close both positions in loss.

Regards
William

In case anyone is interested, I did some number crunching based on the data for the 72 out of 103 individual trades that is available on myfxbook. The remaining 31 trades do not have individual data available for them.


Average drawdown per trade, including trades with 0 drawdown and the two trades taken in February: 23.4 pips

Average drawdown per trade, NOT including trades with 0 drawdown or the two trades taken in February: 21.8 pips

Maximum drawdown of any one trade, including the two trades taken in February: 280.5 pips

Maximum drawdown of any one trade, NOT including the two trades taken in February: 69.8 pips

Percentage of trades with 0 drawdown: 23.6%

Percentage of trades with less than 10 pips drawdown: 50%

Percentage of trades with less than 20 pips drawdown: 68.1%

Percentage of trades with less than 70 pips drawdown: 97.2% (the remaining 2.8% is made up of only the two trades taken in February)


Several assumptions can be made based on this information, but obviously not only is the data incomplete, but it does not have any bearing on what happens in the future, so take this with a grain of salt. Enjoy!

Afron posted:
Are you saying that sooner or later without SL this account will end badly?

Yep, that's what it looks like now. More than 29% DD with those 2 trades opened.
Btw.: High lot-size = high risk.

That's actually not what I was implying at all. As stated before, maximum drawdown is defined by the user. That number can be as low as you want. It just so happens the EA working on this myfxbook isnt using a stoploss, but that doesnt mean you shouldnt.

But yes, it isnt looking great right now, especially if EUR continues to rise off the news of their stimulus plan. There is always a chance the pair can fall back to trading in range though.

Hi,
are you going to deposit additional funds or let your account blow up?

Recently, there have been quite a few such advisers. But you shouldn't relax before the time, you should check everything first. Especially when it comes to your money.

Oooops...

Lol yeah, ouch. Luckily I was out of that trade a long time ago, but definitely not a good look for the EA.