Discusión Ruby Forex Expert Advisor

Give me information EA

Hi

Thanks for your interest in Ruby Expert Advisor.

The strategy is not martingale nor scalping. It may opens up to 2 trades at the same time and with equal lot size.

The  EA tries to follow the trend in H4 time frame but it uses M15 to H1 time frames to detect the right entry time.

When there are 2 open trades the EA sets the TP of both trades in a level that the total outcome be +10 pips.

Let me know if you have any questions .

Regards
William

Is there a stoploss? Or does the system risk your entire account balance for those 10 pips?

Afron posted:
It is only trade copying service and not EA.

https://www.forexpeacearmy.com/community/threads/rubyea-com.63647/

Dear Afron

It's not true.

In the first version of the EA we used an online indicator hosted on our server. Now in the second version all the trading strategy is inside the EA and it's completely independent.

Regards
William

tradeFX4btc posted:
Is there a stoploss? Or does the system risk your entire account balance for those 10 pips?

Hi

There is no SL level but there is a parameter in the EA where you can set the maximum drawdown of the account. If the total loss exceeds that level the EA would close all trades.

Regards
William

Hi,

How does it decide whether it enters on the M15 or the H1 timeframe?

Best,
Martin

Martin_2018 posted:
Hi,

How does it decide whether it enters on the M15 or the H1 timeframe?

Best,
Martin

Dear @Martin_2018

The entry rules are based on timeframes from M15 to H4.

Generally the EA follows the higher timeframe's trend while looking for reversal points at lower timeframe.

Regards
William

Hi,

Maybe I dont understand drawdown correctly, but why does it show in the stats tab a drawdown of 63.44%, but in the chart it shows a maximum value of 13.6% on Dec 11, '19?

B3rz3rz3D posted:
Hi,

Maybe I dont understand drawdown correctly, but why does it show in the stats tab a drawdown of 63.44%, but in the chart it shows a maximum value of 13.6% on Dec 11, '19?

Dear @B3rz3rz3D

63.44% is the highest floating drawdown of the account. It happened on Feb 2020 and the main reason was that we were using high risk settings. After that we applied new updates to the EA to avoid such situations as much as possible.

Regards
William

Dear @B3rz3rz3D

May be below information be useful too.

Relative drawdown is a ratio between the maximal drawdown and the value of the corresponding local maximum of the equity. This coefficient shows losses, in percents of equity, experienced by an Expert Advisor;

Maximal drawdown is the maximal difference between one of the local maximums and the subsequent minimum of the equity;

Absolute drawdown is the difference between the initial deposit and the smallest value of the equity. In other words, this parameter shows how much below the initial deposit level the Participant's equity has ever fallen.

Regards
William

Awesome, thank you! I read more about it and now I better understand. Well, the results look great so far. Keep up the good work!

So, I assume you have (or had at that time) Maximum_Drawdown set to atleast 64 for this account, or else those trades would have closed, correct?

Could you quickly explain what Lots_Risk and Max_Lots do please? For example, looking at a backtest using your EA, Lots_Risk is set to 15 and Max_Lots is set to 50. What exactly does that mean?

Thank you!

B3rz3rz3D posted:
Awesome, thank you! I read more about it and now I better understand. Well, the results look great so far. Keep up the good work!

So, I assume you have (or had at that time) Maximum_Drawdown set to atleast 64 for this account, or else those trades would have closed, correct?

Could you quickly explain what Lots_Risk and Max_Lots do please? For example, looking at a backtest using your EA, Lots_Risk is set to 15 and Max_Lots is set to 50. What exactly does that mean?

Thank you!

Dear @B3rz3rz3D

Thanks for your support. We try our best.

For this test we didn't limit the Max DD. This is a test to show the EA's potential. However for our clients we recommend the default settings where the Max DD has been set to 35%.

Below are the EA's input parameters description:

“Lots_Risk”: It determines the trades’ lot size. For “Lots_Risk” equal to 10 and 1000$ account balance the trade size would be 0.1 standard lots.

“Max_Lots”: It is the maximum lot size for each trade. If the calculated lot size using the “Lots_Risk” parameter be more than “Max_Lots” then the EA would open the new trades with the size equal to the “Max_Lots” parameter.

“Maximum_Drawdown”: This parameter determines the maximum drawdown of the account. Default value is 35 which mean the EA closes all open trades if the total loss exceeds 35% of the account balance.

Regards
William

Thanks for all of your help, I went ahead and bought the system, fingers crossed!

I have another question about drawdown. Myfxbook shows a drawdown of 27.22% on April 28. The trade that the ea took on April 27 and held until April 28 went to -25.1 pips (-$223.39). If 10 pips equals 1.5% of the account, then 25.1 pips would be 3.77% of the account. So where are they getting 27.22% from??

B3rz3rz3D posted:
Thanks for all of your help, I went ahead and bought the system, fingers crossed!

I have another question about drawdown. Myfxbook shows a drawdown of 27.22% on April 28. The trade that the ea took on April 27 and held until April 28 went to -25.1 pips (-$223.39). If 10 pips equals 1.5% of the account, then 25.1 pips would be 3.77% of the account. So where are they getting 27.22% from??

Dear @B3rz3rz3D

I appreciate your trust in Ruby EA.

I think there was a mistake from myfxbook for calculating the DD in last month. I contacted them and they fixed it very fast.

Thanks for your attention.

Regards
William

Whew that was close 😎

Nice entry today!

hi, is this an ea or a trade copier?

shmelmie posted:
hi, is this an ea or a trade copier?

Dear @shmelmie

It is an expert advisor.

Let me know if you have any other questions.


Regards
William

EA-system is looking good. I'm just wondering about one thing: why is the EA using TP's as SL's (for losses)? Is it working better with the broker, or is it overall working better?

marco_mmbiz posted:
EA-system is looking good. I'm just wondering about one thing: why is the EA using TP's as SL's (for losses)? Is it working better with the broker, or is it overall working better?

Dear @marco_mmbiz

When there are 2 open trades the EA sets the TP of both trades in a level that the total outcome be +5 pips. That's why you see one of them is closed with loss but the other one is closed with higher profit.

Regards
William