WSFR Diskussion

wow. looking good so far on the results. :D

no sudden account blowup, or high drawback.

keep it up, rgmann. 😎

Yeah, if you look at the official vendor's Myfxbook acct., you'll also see that it's taking almost identical trades. So it's definitely looking good so far...

Hello, are you using the 10% default risk? Thanks

Yes, on this demo account I'm using the default of 10. However, that doesn't equal 10% but rather 20% if all three positions go negative, which is the worst case scenario (FxPapa can open up to three trades at one time). They said they will fix that on the next update, because it should say 20 is the default. I'm using 5 or 10% on my live account right now...

Cheers,
Roger

Hi brijesh,

You can't backtest FxPapa, because it has to be connected to the vendor's server in order for all customers to get the same trades as the vendor -- sort of a semi-signal service I guess. But the vendor said that they are in the process of publishing longer time-frame backtests. One thing I can say for certain at this point, is that both my demo and live accounts are taking the same exact trades as the vendor. So everything seems to be working fine at this point... 😎

Cheers,
Roger

Hey Roger, I jumped on the Band Wagon. Running FxPapa too. May the pips be with us

Hi Alec,

Yes, good luck to us both! Unfortunately, the current GU sell trade is down about -100 pips, so it's not looking so hot right now. I'm using a third party trade manager EA (you can download it at https://www.donnaforex.com/forum/index.php?topic=3222.msg75356#msg75356) in order to place a fixed -150 SL, just in case I ever get disconnected from the FxPapa server. I would advise you to do the same. You'll have to use the following three magic numbers for the trade manager EA on three separate charts for each currency pair.

6340821 (EU H1 chart, GU H1 chart)

6340822 (EU H1 chart, GU H1 chart)

6340823 (EU H1 chart, GU H1 chart)

You only place the FxPapa EA on one EU H1 chart. You then open three additional EU H1 charts and three additional GU H1 charts for each magic number. That's the only way the trade manager EA will be able to set a SL for each trade. Note: You place the trade manager EA on each additional chart, and apply one of the magic numbers to each one...

I hope that helps.

Cheers,
Roger