Rhino EG - 80 Percent Success Rate with 19 Pip stoploss 討論

The backtests were good, for Rhino EG. I happened to backtest on EURUSD today and the equity continued to rise from 2001 to 2015. I originally designed it for EURGBP, but possibly have more options than I thought. I'm running on live account as of today, but no trade history yet. I'll follow up in a month from real to demo and see if the comparison is close to the backtest.

This is a RR of 1:1 scalping Asian session. No grid, No Martingale. Just 1 trade at a time. Hard Stoploss on the trade. Slow and steady. More information will be provided soon.

Why do all of your EA's have a bunch of 1 pip winning trades in a row? Is that a broker or code issue?

I added money management. Risk per trade option for compounding as account grows. 14 year backtest now available with mm and mm off.

Neither. If you are trading and your position can't reach its goal within a certain amount of time, the system turns to recovery mode and exits the trade at Breakeven at first opportunity. This value is MinProfit and can be adjusted in all my systems. I use 1 pip because it would normally cover the cost of commission.

If trades are being closed out with 0 seconds, its a broker issue which means I need to turn up the slippage setting higher.

Live account here - updated on myfxbook autoupdate once a day. ( Every 24 hours ). - https://www.myfxbook.com/members/RedRhinoLab/rhino-eg-real/1176188

Frank, I might buy this to diversify - what sort of profits and losses can I see per trade on an 10k account?

Also, I assume it would work just fine on the same broker account where I use RTP, VTP and my other EAs.

How actively does the EA trade?

Do you see this profitable long term?

Have you tried this on EURUSD? Seems like EURUSD would give you much better results

The system trades maybe 1 -2 trades a day, but not everyday. It trades during certain hours and mostly during the slower Non Volatile sessions. You can use on any broker, but best to use ECN for an extra pip or two per trade.

You can use on same account as other EAs, just select a specific magic number for RhinoEG.

This EA is not highly optimized/curve fitted and it will be long term profitable just as backtest show.

With all my systems, I do not optimize for best setting because this makes a curve fitted system that will fail long term. If system is not profitable with my initial logic, I work on the logic to make it better and not from 'Finding' the curve fitting setting. Some developers find system , than optimize all possible indicator settings to show amazing Backtest, then the system fails on forward test.

This is from optimizing all possible variables until all bad trades are filtered out and only good trades are still in backtest, but Walk forward test fails miserably. Making a successful trading system must rely on sound logic and not from optimizing.

Through optimizing, we find characteristics of that Currency pair which are needed since each currency pair behaves differently and moves at different times. That is why optimizing helps through strategy development. It should not be used to optimize all variables to curve fit and then expect for forward test to follow results from historical data.

Why make open trades private? Now I can't track everything, I was actually thinking about buying this EA now I'm on the fence since your hiding some results!

Your real account hasnt updated. May Myfxbook. I want to see performance over another week and then I will buy it. Thanks very much Frank.

@Marketorder - Sorry about that - This should show all systems live trades updated every 5 minutes. https://redrhinofx.com/forex-signals/

@fxtrader10 - Real account updates with autoupdate on Daily basis by Myfxbook. I think it only updates Mon - Friday and may miss Friday afternoon if it updates in the morning and not again until Monday market open.

This strategy has a stoploss of 19 pips and takeprofit is variable while the algorithm will close trades with less profits if conditions are not optimal. This strategy by far has the best Risk/Reward ratio that RedRhinoFX offers today with a high accuracy rate.

RhinoEG has amazing backtests with Money management compounding - https://www.myfxbook.com/strategies/rhino-eg-mm-on-14/78066 - and with Fixed Lots. - https://www.myfxbook.com/strategies/rhino-eg-fixed-mm-14/78026

This strategy only enters 1 trade at a time - Trade at FIFO USA Brokers with low leverage - https://redrhinofx.com/rhino-eg/

It is also the easiest to use EA with no settings to adjust besides your Risk Per Trade.

Live account here - https://www.myfxbook.com/members/RedRhinoLab/rhino-eg-real/1176188

1 Win and 1 Loss , down 10 pips for the previous day. If the money management had a martingale mechanism the 1 win would have offset the previous loss. Two losses in a row don't happen often.

So, are you going to include Martingale for the next update, in order to offset the losses?

I am considering two methods.

A.) martingale because the losing cycle is rarely over 3
B.) minimalistic recovery. This will place smallest lotsize after a loss and once we have a winner it will return the standard lotsize. For example we trade with 1.0 Lot normally and we have a loser, then the next trade will be 0.01 , but if its a winner the 3rd trade will be back to normal 1.0 lotsize. If we have a loss, the next lotsize will be 0.01 and so on until we have a winner. B.) Is a suggestion from a customer who has an interesting idea that I'd like to put to the test. What do you think about option B?

Is this EA self destructing?

50 pip slippage on a demo ecn account wasn't expected. What is the use of a Fixed Stoploss when brokers don't obey them. Solution is clearly not using MT4 or MT4 only brokers.

I use fxopen Demo ECN to experience real life scenarios such as slippage but 50 pips is ridiculous. Real account respected the 19 pip stoploss because it is a market maker.

Was it the way the EA was programmed or it was 100% broker issue?

RedRhinoLab posted:
I use fxopen Demo ECN to experience real life scenarios such as slippage but 50 pips is ridiculous. Real account respected the 19 pip stoploss because it is a market maker.