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FxPapa Expert Advisor (de FxPapa)
Lutilisateur a supprimé ce système.
Discussion FxPapa Expert Advisor
Feb 03, 2012 at 17:43
zion posted:
FXPapa,
In addition to that equity stop loss, it seems that there is another form of stop loss.
For example, why the last negative result was equivalent to 3.68% of the equity instead 10%?
I would like to understand please.
Regards.
Hi
When there is 2 open positions like that you are talking about, the EA close 2 positions when the total net profit be 10 pips. If you review the history you can see that the EA has closed the 2 positions in the same time, first one on +36.5 pips and the second one on -24.7 pips.
Regards
Feb 03, 2012 at 18:35
FxPapa posted:
Dear Jarora
We have used IBFX AU Real Tick Data for the back test. It misses some months. We will publish new back tests soon on our website.
Thanks for your attention.
Regards
The vendor answers only what suits him and is not unable to meet what he promised.
Feb 03, 2012 at 21:43
fxpapa, since it does not open trades with hard SL, can you give us some idea how far in the negative it is willing to ride on a given trade? Is it grid? The only EA's I've seen with an equity curve like this are grid, and they always crash eventually. Can you give us some assurance that this isn't going to crash by explaining a little bit of the strategy? Thanks.
forex_trader_38021
Membre depuis May 31, 2011
posts 54
Feb 03, 2012 at 23:47
the results are excellent.
i don't see why many people complaint about it.
is anyone else running fxpapa on a demo or live accounts?
so then i can compare.
i don't see why many people complaint about it.
is anyone else running fxpapa on a demo or live accounts?
so then i can compare.
Feb 04, 2012 at 21:25
Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.
Feb 04, 2012 at 21:55
gwrigh posted:
Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.
I agree!
Feb 04, 2012 at 21:59
gwrigh posted:
Yes, the results are excellent, so far, and my questions are not complaints, just coming from a little experience. Grid trading systems have very smooth, linear curves, just like fxpapa, until they reach a condition that breaks them (completely). If it opens trades without a StopLoss, it could potentially blow up your account. Fxpapa is obviously closing trades using some other mechanism. We just want to know a little more about it and make sure it is safe enough. Asking how much drawdown the EA is willing to carry is a very fair question for starters, without the author having to reveal any of his proprietary strategies.
Dear Qwrigh
FxPapa EA uses equity stop loss. Default value is 10 which means the EA would close the positions if the total loss be more than 10% of the account balance. The EA may open up to 3 positions at the same time.
In this test we have used 15% risk.
Best Regards
Feb 05, 2012 at 22:32
I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.
Feb 06, 2012 at 00:27
FxPapa, can you explain the lot sizes that get opened in regards to the Risk % setting and equity ?
eg. I have $10K. Risk is set to 1%.
Is the first lot 0.1 ? Because you only have 3 positions at a time is the start lot less ?
And when all 3 positions move against you and you are negative $100 (1% Risk) do all positions close ?
eg. I have $10K. Risk is set to 1%.
Is the first lot 0.1 ? Because you only have 3 positions at a time is the start lot less ?
And when all 3 positions move against you and you are negative $100 (1% Risk) do all positions close ?
Feb 06, 2012 at 00:40
rv73 posted:
FxPapa, can you explain the lot sizes that get opened in regards to the Risk % setting and equity ?
eg. I have $10K. Risk is set to 1%.
Is the first lot 0.1 ? Because you only have 3 positions at a time is the start lot less ?
And when all 3 positions move against you and you are negative $100 (1% Risk) do all positions close ?
Hi
For 1% risk and if your account balance be 10,000$ , the lot size would be 0.1 standard lot and the EA closes all 3 positions if total loss be more than 1% of the account balance.
Regards
Feb 06, 2012 at 03:27
phil posted:
I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.
I was thinking more of independent backtests. Like, by someone who bought the EA
Feb 06, 2012 at 04:40
Alec posted:
phil posted:
I think back tests don't prove very much since results can be tampered with by changing setting in the programming while conducting backtests. Live tests are the only pure proof with drawdowns looked at very closely. It takes longer for sure but it's real.
I was thinking more of independent backtests. Like, by someone who bought the EA
Yes that would be better, but the markets change and to see how it stands up now is the true test.
Membre depuis Jun 11, 2010
posts 28
Feb 06, 2012 at 04:43
hey guys, this can't be backtested as it is a trade copier. i might be wrong 😁😀😁
visit http://www.forexisbiz.com/showthread.php/4745-Fxpapa-ea-!!!/page2 to know more.
visit http://www.forexisbiz.com/showthread.php/4745-Fxpapa-ea-!!!/page2 to know more.
Feb 06, 2012 at 11:15
FxPapa, I notice the instructions are to place the EA on a single H1 EURUSD chart.
I also just noticed it took a GBPUSD trade, so it is in fact a trade copier. Correct ?
Can you tell us what pairs it trades ? Any more than just EURUSD and GBPUSD ?
I also just noticed it took a GBPUSD trade, so it is in fact a trade copier. Correct ?
Can you tell us what pairs it trades ? Any more than just EURUSD and GBPUSD ?
Feb 06, 2012 at 11:21
rv73 posted:
FxPapa, I notice the instructions are to place the EA on a single H1 EURUSD chart.
I also just noticed it took a GBPUSD trade, so it is in fact a trade copier. Correct ?
Can you tell us what pairs it trades ? Any more than just EURUSD and GBPUSD ?
Hi
The EA trades EURUSD and GBPUSD but as instruction says you should attach the EA only to EURUSD H1 chart.
The EA receives the signals from our server but mange them itself.
Regards
Feb 06, 2012 at 11:22
(édité Feb 06, 2012 at 11:23)
Thanks, one more Q please.
- If I want to run super duper safe risk settings, say 1% does that somehow give the trades less 'breathing room' compared to say 10% risk ? Or is the risk setting merely decide what starting lot size it begins with ?
- If I want to run super duper safe risk settings, say 1% does that somehow give the trades less 'breathing room' compared to say 10% risk ? Or is the risk setting merely decide what starting lot size it begins with ?
Feb 06, 2012 at 11:33
rv73 posted:
Thanks, one more Q please.
- If I want to run super duper safe risk settings, say 1% does that somehow give the trades less 'breathing room' compared to say 10% risk ? Or is the risk setting merely decide what starting lot size it begins with ?
Hi
The risk only affects the lot size.
Regards
