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FRWC - Fusion V - Alpari (By stevetrade)
The user has deleted this system.
FRWC - Fusion V - Alpari Discussion
Feb 24, 2010 at 07:58
stevetrade posted:
Did people receive an email notifying them of the release of version 1.2?
I don't appear to have received an email from them.
I concur, neither did I. In fact, I only noticed that there was a 1.2 when I looked at my demo test on ODL and thought 'WTF?' at those SV and HiRider S2 trades, then immediately went to the FRWC page to check their results. But there's nothing to announce a 1.2 unless you go to the lab - a bit irritating but on the other hand it is a lab version.
Member Since Oct 28, 2009
1409 posts
Feb 24, 2010 at 09:10
zorba_g posted:
stevetrade posted:
Did people receive an email notifying them of the release of version 1.2?
I don't appear to have received an email from them.
I concur, neither did I. In fact, I only noticed that there was a 1.2 when I looked at my demo test on ODL and thought 'WTF?' at those SV and HiRider S2 trades, then immediately went to the FRWC page to check their results. But there's nothing to announce a 1.2 unless you go to the lab - a bit irritating but on the other hand it is a lab version.
Still not acceptable, everyone is sharp enough to send out emails when they want you to buy something!
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 28, 2009
1409 posts
Feb 24, 2010 at 09:15
Well I must say this robot does seem to have an equity curve to die for so far. I believe that was how the marketting blurb described it. Unfortunately it's the kind of dieing that involves being made homeless and starving to death on the streets.
Still, early days! Mustn't get too cynical yet!
I hope all owners of fusion are running their own forward tests and do so for 30 days or you may not get a refund. That is, I believe, what the money back guarantee stipulated.
Still, early days! Mustn't get too cynical yet!
I hope all owners of fusion are running their own forward tests and do so for 30 days or you may not get a refund. That is, I believe, what the money back guarantee stipulated.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forex_trader_7497
Member Since Feb 20, 2010
50 posts
Feb 24, 2010 at 09:44
Yes, it's still too early to judge now. By the way, I check sparkz account http://www.myfxbook.com/members/sparkz/fusion-v/17807 and he seems to get a lot less trades than Steve or bugboy, and very good equity curve! Mine also get much fewer trades, similar to his.
My Super Volcano is not making any trade today while I see some of you get 2 or 3 trades. My LMD is also not making any trade.
Straasha is a disaster waiting to happen strategy I think. It's a 4 pip scalping strategy with a risk reward of approximately 16:1. That is risking $100 to get $6 if you use 0.1 lot. When you lose, it adds the lot size by a factor of 4, and will keep adding every trade by a factor of 4 until the $100 loss is recovered.
My Super Volcano is not making any trade today while I see some of you get 2 or 3 trades. My LMD is also not making any trade.
Straasha is a disaster waiting to happen strategy I think. It's a 4 pip scalping strategy with a risk reward of approximately 16:1. That is risking $100 to get $6 if you use 0.1 lot. When you lose, it adds the lot size by a factor of 4, and will keep adding every trade by a factor of 4 until the $100 loss is recovered.
Member Since Oct 28, 2009
1409 posts
Feb 24, 2010 at 09:51
Indeed, different people are getting different results. Interestingly sparkz is running on Alpari just like this account.
Seems like this is a lottery EA. The arguments to refund this are stacking up by the hour.
Seems like this is a lottery EA. The arguments to refund this are stacking up by the hour.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Member Since Oct 28, 2009
72 posts
Feb 24, 2010 at 12:36
eafinder posted:
Yes, it's still too early to judge now. By the way, I check sparkz account http://www.myfxbook.com/members/sparkz/fusion-v/17807 and he seems to get a lot less trades than Steve or bugboy, and very good equity curve! Mine also get much fewer trades, similar to his. (...)
Although sparkz has a good equity curve, it won't last. I just saw the trades with strasha it is definitely an invitation for a disaster. There were over 15 lots waiting to be open with a 10000 USD account :-) Granted, that they were in agreement with the current trend, but...
forex_trader_7497
Member Since Feb 20, 2010
50 posts
Feb 24, 2010 at 14:27
pipdetector posted:
eafinder posted:
Yes, it's still too early to judge now. By the way, I check sparkz account http://www.myfxbook.com/members/sparkz/fusion-v/17807 and he seems to get a lot less trades than Steve or bugboy, and very good equity curve! Mine also get much fewer trades, similar to his. (...)
Although sparkz has a good equity curve, it won't last. I just saw the trades with strasha it is definitely an invitation for a disaster. There were over 15 lots waiting to be open with a 10000 USD account :-) Granted, that they were in agreement with the current trend, but...
I just checked sparkz site again. He currently only has 1 open order USD CAD from LMD and no pending order from Straasha. I thought Straasha should not open more than 1 position at a time. If it loses this one position, then it will keep increasing the next lot by a multiplier of 4 until the loss is recovered.
Feb 24, 2010 at 14:28
Steve, I don't know if your version of fusion is the original or not, but I've put this EA on a demo account with alpari UK and I've not all this trade (Hirider for exemple). You have 10 trades opened and me, I've maximum 2-3 trades open with Hirider...
Member Since Sep 04, 2009
849 posts
Feb 24, 2010 at 15:38
Random results from a random EA. A waist of time and money. Case closed.
Member Since Oct 28, 2009
1409 posts
Feb 24, 2010 at 17:12
ShaKerZ posted:
Steve, I don't know if your version of fusion is the original or not, but I've put this EA on a demo account with alpari UK and I've not all this trade (Hirider for exemple). You have 10 trades opened and me, I've maximum 2-3 trades open with Hirider...
Hi Shakerz, I am running the original and I have not upgraded to version 1.2, only because nobody has emailed me to tell me there is a new version and I really don't have time to run around checking if there are new versions of software. I mean can you imagine if nobody let you know there were new versions of software and you had to individually check every single piece of software on your pc every few days or so just to ensure it was still up to date? Are you running version 1.2? Are the default settings the same or have they restricted the number of trades that Hi Rider opens now?
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Feb 25, 2010 at 02:47
Just found this in the live account statements... this thing is NOT running on auto pilot.
3103036 2010.02.23 11:27 buy 0.02 eurusd 1.36115 1.34015 1.36235 2010.02.24 17:10 1.35977 0.00 0.00 0.00 -2.76
20100104 s2 [HiRIDER] 5xC EA[TP]
3103332 2010.02.23 11:28 buy 0.02 eurusd 1.36106 1.34006 1.36226 2010.02.24 17:10 1.35967 0.00 0.00 0.00 -2.78
20100104 s2 [HiRIDER] 5xC EA[TP]
3103546 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
3103637 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
3103716 2010.02.23 11:29 buy 0.02 eurusd 1.36113 1.34013 1.36233 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.56
20100104 s2 [HiRIDER] 5xC EA[TP]
3103762 2010.02.23 11:29 buy 0.02 eurusd 1.36122 1.34022 1.36242 2010.02.24 17:10 1.35987 0.00 0.00 0.00 -2.70
20100104 s2 [HiRIDER] 5xC EA[TP]
3103799 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
Notice that these loses are all very small in nature, had they held onto them, they could have closed in profit, but just by a hair. I cut those trades lose less than 5 minutes after they were opened, but it seems there is someone pulling the strings on the account in some form.
3103036 2010.02.23 11:27 buy 0.02 eurusd 1.36115 1.34015 1.36235 2010.02.24 17:10 1.35977 0.00 0.00 0.00 -2.76
20100104 s2 [HiRIDER] 5xC EA[TP]
3103332 2010.02.23 11:28 buy 0.02 eurusd 1.36106 1.34006 1.36226 2010.02.24 17:10 1.35967 0.00 0.00 0.00 -2.78
20100104 s2 [HiRIDER] 5xC EA[TP]
3103546 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
3103637 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
3103716 2010.02.23 11:29 buy 0.02 eurusd 1.36113 1.34013 1.36233 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.56
20100104 s2 [HiRIDER] 5xC EA[TP]
3103762 2010.02.23 11:29 buy 0.02 eurusd 1.36122 1.34022 1.36242 2010.02.24 17:10 1.35987 0.00 0.00 0.00 -2.70
20100104 s2 [HiRIDER] 5xC EA[TP]
3103799 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
Notice that these loses are all very small in nature, had they held onto them, they could have closed in profit, but just by a hair. I cut those trades lose less than 5 minutes after they were opened, but it seems there is someone pulling the strings on the account in some form.
Feb 25, 2010 at 03:05
(edited Feb 25, 2010 at 03:11)
If you look at how HiRIDER handled that exact trade on my GallantFX live account, you will see, oddly, that I got lucky and ended up 2.00 in profit for all 10 trades ($20), rather than 2 loss. So, that might be contrary to your suggestion re: the results being rigged or played with. If anything, they appear to be being honest by showing somewhat lackluster gains.
Clearly, however, you are correct sooner that their update to 1.2 from 1.1 was made at some point between 2/5 and today, and since that does change default settings, they did, in fact, make changes over time (0.01 to 0.02 lots, Straasha now off, HiRIDER strategy #1 now off, etc.). So, not rigged, but definitely subtly revised... question becomes whether or not they are being too subtle at the expense of warning customers to modify their risk exposure -- or, on the flip side, maybe they are still testing these changes and aren't ready to announce it far and wide. Unclear.
That particular trade was a jawdropper -- I was certain it was going to end in a 100 dollar + loss, and the drawdown was BIG, but it ended up, in their case as you just mentioned, 2 dollars loss times 10 for them (and 2 dollars gain times 10 for me). Regardless, however, after that trade, I changed HiRIDER to only trade a max of 2 concurrent trades, down from 10. Too much emotional anxiety for me, especially when I have slow and steady gains from other EA's that I don't want to rain on with. It remains to be seen if HiRIDER is a genius in disguise or a train wreck waiting to happen.
Jury is out on that one still.
P.S. I will add, it *IS* starting to look to me like HiRIDER, Straasha, and SuperVolcano may turn out to be the worst performers over the long term (or for those who do not have the equity to handle the drawdown that their strategies incur). LMD seems pretty good, overall. I think (and maybe I am wrong) that HiRIDER can be risk reduced by simply reducing how many concurrent trades it opens (1-5 may be an optimal number) and Straasha may be risk-reduced by changing it to a non-martingale (or low martingale) strategy by lowering the step multiplier from 4 to 1.0, 1.5 or 2, and also decreasing the next step from 10 to 0, 1, or 2, and finally from decreasing the "take profit" (which I think is another phrase for "number of concurrent instances" in Straasha) from 4 to 1 or 2.
Clearly, however, you are correct sooner that their update to 1.2 from 1.1 was made at some point between 2/5 and today, and since that does change default settings, they did, in fact, make changes over time (0.01 to 0.02 lots, Straasha now off, HiRIDER strategy #1 now off, etc.). So, not rigged, but definitely subtly revised... question becomes whether or not they are being too subtle at the expense of warning customers to modify their risk exposure -- or, on the flip side, maybe they are still testing these changes and aren't ready to announce it far and wide. Unclear.
That particular trade was a jawdropper -- I was certain it was going to end in a 100 dollar + loss, and the drawdown was BIG, but it ended up, in their case as you just mentioned, 2 dollars loss times 10 for them (and 2 dollars gain times 10 for me). Regardless, however, after that trade, I changed HiRIDER to only trade a max of 2 concurrent trades, down from 10. Too much emotional anxiety for me, especially when I have slow and steady gains from other EA's that I don't want to rain on with. It remains to be seen if HiRIDER is a genius in disguise or a train wreck waiting to happen.
Jury is out on that one still.
P.S. I will add, it *IS* starting to look to me like HiRIDER, Straasha, and SuperVolcano may turn out to be the worst performers over the long term (or for those who do not have the equity to handle the drawdown that their strategies incur). LMD seems pretty good, overall. I think (and maybe I am wrong) that HiRIDER can be risk reduced by simply reducing how many concurrent trades it opens (1-5 may be an optimal number) and Straasha may be risk-reduced by changing it to a non-martingale (or low martingale) strategy by lowering the step multiplier from 4 to 1.0, 1.5 or 2, and also decreasing the next step from 10 to 0, 1, or 2, and finally from decreasing the "take profit" (which I think is another phrase for "number of concurrent instances" in Straasha) from 4 to 1 or 2.
Feb 25, 2010 at 03:37
If only they had some sort of trailing stop over a certain threshold, the lmd was up 100 pips on eurusd long at one point today.
https://www.myfxbook.com/portfolio/fusion-12-live-conservative-settings/19125
I have had much different lmd trades on my live account forex.com gmt 0, I also had a supervolcano trade this am on my live account. I had a trailing stop which captured 38 of 73 pips
Open Date Close date Symbol Action Lots SL TP Open Price Close Price Pips Profit (USD)
02.24.2010 00:00 02.24.2010 12:14 USDJPY Sell 0.03 92.20000 89.20000 90.16000 90.04000 12.0 4.00
02.24.2010 05:45 02.24.2010 09:12 GBPJPY Sell 0.05 139.05000 0.00000 139.43000 139.05000 38.0 21.08
02.24.2010 00:00 02.24.2010 01:50 AUDUSD Buy 0.03 0.88110 0.89590 0.89280 0.89320 4.0 1.20
02.24.2010 00:00 02.24.2010 01:41 USDCHF Sell 0.03 1.09350 1.07400 1.08240 1.08180 6.0 1.66
02.24.2010 01:03 02.24.2010 01:36 GBPJPY Buy 0.05 129.17000 149.18000 139.29000 139.41000 12.0 6.65
02.24.2010 00:00 02.24.2010 01:32 EURUSD Buy 0.03 1.34000 1.35790 1.35260 1.35300 4.0 1.20
https://www.myfxbook.com/portfolio/fusion-12-live-conservative-settings/19125
I have had much different lmd trades on my live account forex.com gmt 0, I also had a supervolcano trade this am on my live account. I had a trailing stop which captured 38 of 73 pips
Open Date Close date Symbol Action Lots SL TP Open Price Close Price Pips Profit (USD)
02.24.2010 00:00 02.24.2010 12:14 USDJPY Sell 0.03 92.20000 89.20000 90.16000 90.04000 12.0 4.00
02.24.2010 05:45 02.24.2010 09:12 GBPJPY Sell 0.05 139.05000 0.00000 139.43000 139.05000 38.0 21.08
02.24.2010 00:00 02.24.2010 01:50 AUDUSD Buy 0.03 0.88110 0.89590 0.89280 0.89320 4.0 1.20
02.24.2010 00:00 02.24.2010 01:41 USDCHF Sell 0.03 1.09350 1.07400 1.08240 1.08180 6.0 1.66
02.24.2010 01:03 02.24.2010 01:36 GBPJPY Buy 0.05 129.17000 149.18000 139.29000 139.41000 12.0 6.65
02.24.2010 00:00 02.24.2010 01:32 EURUSD Buy 0.03 1.34000 1.35790 1.35260 1.35300 4.0 1.20
Take as much as you can while you can.
forex_trader_7497
Member Since Feb 20, 2010
50 posts
Feb 25, 2010 at 06:37
(edited Feb 25, 2010 at 06:42)
sooner posted:
Just found this in the live account statements... this thing is NOT running on auto pilot.
3103036 2010.02.23 11:27 buy 0.02 eurusd 1.36115 1.34015 1.36235 2010.02.24 17:10 1.35977 0.00 0.00 0.00 -2.76
20100104 s2 [HiRIDER] 5xC EA[TP]
3103332 2010.02.23 11:28 buy 0.02 eurusd 1.36106 1.34006 1.36226 2010.02.24 17:10 1.35967 0.00 0.00 0.00 -2.78
20100104 s2 [HiRIDER] 5xC EA[TP]
3103546 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
3103637 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
3103716 2010.02.23 11:29 buy 0.02 eurusd 1.36113 1.34013 1.36233 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.56
20100104 s2 [HiRIDER] 5xC EA[TP]
3103762 2010.02.23 11:29 buy 0.02 eurusd 1.36122 1.34022 1.36242 2010.02.24 17:10 1.35987 0.00 0.00 0.00 -2.70
20100104 s2 [HiRIDER] 5xC EA[TP]
3103799 2010.02.23 11:29 buy 0.02 eurusd 1.36110 1.34010 1.36230 2010.02.24 17:10 1.35985 0.00 0.00 0.00 -2.50
20100104 s2 [HiRIDER] 5xC EA[TP]
Notice that these loses are all very small in nature, had they held onto them, they could have closed in profit, but just by a hair. I cut those trades lose less than 5 minutes after they were opened, but it seems there is someone pulling the strings on the account in some form.
Closing in profit (like Steve's 10 HiRIDER trades) is purely based on gambling and stupid luck. The trade logic can't be justified whatsoever. My HiRIDER in fact opened 10 duplicate buy positions two days ago at 1.363 and now still in a huge red since the rally yesterday didn't reach 1.3642 which is the 12 pip TP target. It's most likely going to hit that 210 pip Stop Loss today. That's 21% drawdown in equity for ya. If it still does not hit SL, then I will attribute that to stupid luck again. I would much rather go to Vegas and gamble my money away
Like you pointed out from FRWC official live statement it's clearly NOT trading in auto pilot. Obviously there is a living and breathing super robot sitting in their desk closing all the 10 trades manually.
forex_trader_7497
Member Since Feb 20, 2010
50 posts
Feb 25, 2010 at 06:48
KagiFX1 posted:
I have had much different lmd trades on my live account forex.com gmt 0, I also had a supervolcano trade this am on my live account. I had a trailing stop which captured 38 of 73 pips
So how do you make a trailing stop loss for Super Volcano? The default setting does not have the stop loss, right? Do you assign a fixed stop loss in the parameter?
Member Since Oct 28, 2009
1409 posts
Feb 25, 2010 at 08:21
eafinder posted:
KagiFX1 posted:
I have had much different lmd trades on my live account forex.com gmt 0, I also had a supervolcano trade this am on my live account. I had a trailing stop which captured 38 of 73 pips
So how do you make a trailing stop loss for Super Volcano? The default setting does not have the stop loss, right? Do you assign a fixed stop loss in the parameter?
Anyone interested in trailing the stops on these orders should go to Forex Factory and download Steve Hopwood's "Multi Purpose Trade Manager" which is an EA you can put on another chart that can then control orders from other EA's.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
forex_trader_7321
Member Since Feb 17, 2010
3 posts
Feb 25, 2010 at 11:27
Robot vs Human
Have a bet riding on my own performance vs. the robots you have loaded. My trades are based on technical analysis and mostly scalping. For trade management I use the Multi Purpose Trade Manager as mentioned from Steve Hopwood. The only management it does is to move the stop to breakeven +2 after 10 pips and have a 13 pip jumping stop.
How do you find the performance of the robots compared to that show on the website? Is the trading logic the same?
Have a bet riding on my own performance vs. the robots you have loaded. My trades are based on technical analysis and mostly scalping. For trade management I use the Multi Purpose Trade Manager as mentioned from Steve Hopwood. The only management it does is to move the stop to breakeven +2 after 10 pips and have a 13 pip jumping stop.
How do you find the performance of the robots compared to that show on the website? Is the trading logic the same?
Member Since Feb 25, 2010
95 posts
Feb 25, 2010 at 11:32
(edited Feb 25, 2010 at 11:43)
First off, thanks to Steve for taking the trouble to set up his fxbook, and for splitting/tracking the separate EA's.
You guys might also want to see bugboy's if you haven't already, bugboy's Fusion test
I was testing with multiple instances of MT4 running on different parameters and with Fusion/SuperVolcano/HiRider. I'm not running LMD, Straasha, or Neg-Correlation currently.
2010.02.23 11:27 HiRider s2 EURUSD via Fusion
a/c A(broker B) - $1k, fixed lot_0.01lot/$1000 equity, 7 of 10 trades hit TP for 12 pips each, 3 currently still left open.
a/c B(broker B) - $1k, fixed lot_0.01lot/$1000 equity, 10 trades opened earlier at 11:02 worse buy price, 10 still open.
a/c C(broker A) - $1k, fixed lot_0.01lot/$1000 equity, 10 trades opened, 10 hit TP for 120 pips.
a/c D(broker A) - $5k, fixed lot_0.1lot/$1000 equity, 10 trades opened, 3 STOPPED OUT for -280 pips, 4 hit TP for 48 pips.
a/c E(broker A) - $5k, LotRiskReductor=17, 10 trade opened, 2 STOPPED OUT for -212 pips, 8 hit TP for 96 pips.
a/c F(broker B) - $1k, LotRiskReductor=17, 10 trade opened, 10 STOPPED OUT due to $500 limit reached
To cut all that short, it was just lucky that the 0.1lot/trade/$1k equity used in FRWC's live test which yielded 354.37% in 19 days did not blow itself out as evidenced by a/c F's example. (if you comb through their results, you'll find that there was 1 stopout)
A rough calculation: with HiRider's risk of -210pips SL per trade x 10 trades = 2100 pips; anything more than 0.0238 lots/trade/$1k equity = 5000 pips = 50% drawdown => hitting your equity:maintenance margin, would have forced some brokers to close trades.(each broker's maintenance margin differs)
You'll see something like this in your comments column -> so: 99.9%/543.3/544.0, or, so: 49.3%/2041.1/4138.5
Trading at 0.01 lots/trade/$1k equity, you risk 21% each time it trades. And that's the smallest available amount for a $1k account.
The same goes to Super Volcano. See the 2010-02-18 SuperVolcano trade. On bugboy's a/c, they hit a SL of average -280 pips. 4 trades x -280 pips = -1120 pips. 11.2% down with the basic 0.01 lots/trade/$1k equity.
All said and done, it looks like a bad launch week. I'm glad, though, it tempered my settings. And to think that I was about to go live immediately. Whew! Moral -> don't use too large a pip setting. 0.01 lots/trade/$1k equity is reasonable, 0.02 lots/trade/$1k is pushing it. (We can see how the forward test done by FRWC goes.) More than that and you'll have the chance to blow 50% of your account in 1 trade.
You guys might also want to see bugboy's if you haven't already, bugboy's Fusion test
I was testing with multiple instances of MT4 running on different parameters and with Fusion/SuperVolcano/HiRider. I'm not running LMD, Straasha, or Neg-Correlation currently.
2010.02.23 11:27 HiRider s2 EURUSD via Fusion
a/c A(broker B) - $1k, fixed lot_0.01lot/$1000 equity, 7 of 10 trades hit TP for 12 pips each, 3 currently still left open.
a/c B(broker B) - $1k, fixed lot_0.01lot/$1000 equity, 10 trades opened earlier at 11:02 worse buy price, 10 still open.
a/c C(broker A) - $1k, fixed lot_0.01lot/$1000 equity, 10 trades opened, 10 hit TP for 120 pips.
a/c D(broker A) - $5k, fixed lot_0.1lot/$1000 equity, 10 trades opened, 3 STOPPED OUT for -280 pips, 4 hit TP for 48 pips.
a/c E(broker A) - $5k, LotRiskReductor=17, 10 trade opened, 2 STOPPED OUT for -212 pips, 8 hit TP for 96 pips.
a/c F(broker B) - $1k, LotRiskReductor=17, 10 trade opened, 10 STOPPED OUT due to $500 limit reached
To cut all that short, it was just lucky that the 0.1lot/trade/$1k equity used in FRWC's live test which yielded 354.37% in 19 days did not blow itself out as evidenced by a/c F's example. (if you comb through their results, you'll find that there was 1 stopout)
A rough calculation: with HiRider's risk of -210pips SL per trade x 10 trades = 2100 pips; anything more than 0.0238 lots/trade/$1k equity = 5000 pips = 50% drawdown => hitting your equity:maintenance margin, would have forced some brokers to close trades.(each broker's maintenance margin differs)
You'll see something like this in your comments column -> so: 99.9%/543.3/544.0, or, so: 49.3%/2041.1/4138.5
Trading at 0.01 lots/trade/$1k equity, you risk 21% each time it trades. And that's the smallest available amount for a $1k account.
The same goes to Super Volcano. See the 2010-02-18 SuperVolcano trade. On bugboy's a/c, they hit a SL of average -280 pips. 4 trades x -280 pips = -1120 pips. 11.2% down with the basic 0.01 lots/trade/$1k equity.
All said and done, it looks like a bad launch week. I'm glad, though, it tempered my settings. And to think that I was about to go live immediately. Whew! Moral -> don't use too large a pip setting. 0.01 lots/trade/$1k equity is reasonable, 0.02 lots/trade/$1k is pushing it. (We can see how the forward test done by FRWC goes.) More than that and you'll have the chance to blow 50% of your account in 1 trade.
