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FxPapa Expert Advisor (Od FxPapa)
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May 17, 2012 at 20:09
What I can take from that statistic is that, in the last 2 years and 4 and a half months (2010, 2011, and January to middle May, 2012) there would have been 11 "3 trades situations".
This gives us an average of one '3 trades situation' every 2.59 months (from the beginning of 2010 to the present).
could you please explain more what happened in these 11 situations, were they the same as what happened recently? (i.e. they were 11 -200 pips loss situations)
thanks
May 17, 2012 at 20:15
ragency,
I plan to reduce the risk for both Mondays and Tuesdays. I was planning to stay out but I will just reduce the risk to 2-5%. 2% in one account, 5% in the other. And increase the risk on Weds so that what I lose potentially from lower risk these days be partially recovered on Weds. On Fridays I'll be probably out.
I plan to reduce the risk for both Mondays and Tuesdays. I was planning to stay out but I will just reduce the risk to 2-5%. 2% in one account, 5% in the other. And increase the risk on Weds so that what I lose potentially from lower risk these days be partially recovered on Weds. On Fridays I'll be probably out.
ragency posted:
therebox posted:
Hi everyone,
Looking at FxPapa’s real account, it’s possible to notice that both times the EA had 3 trades open in these 6 months were on Tuesdays. Examining FxPapa’ strategy, I found in the period of 2 years 3 trades open 9 times: 3 of them on Mondays and 4 of them on Tuesdays. The other 2 were in initiated on Thursdays. I’m thinking about going into the market with FxPapa on Wednesdays and Thursdays only, maybe increasing the risk a bit for Weds, since FxPapa would never open 3 trades in 2 years and half (2 of strategy and half real). Those who had 2 losses on Tuesdays in these 6 months (February and May) are losing money because of Tuesdays. I think it might be an idea to consider being out on Tuesdays. What do you say?
Fabio
What about Mondays?
May 17, 2012 at 20:21
All the 9 situations in the strategy were recovered. FxPapa never lost in the strategy. But real life is different. When you open the 3rd trade, the chances of recover are very small. Keep in mind you will have about 180 pips negative when you open the 3rd trade. So more 20 pips and all are lost. And you will need to recover 60 pips to end in a draw. So in the real life 3 trades mean almost a loss and should be avoided at all cost. Staying out on Mondays and Tuesdays (or reducing the risk) should help on this.
CBuilder posted:
What I can take from that statistic is that, in the last 2 years and 4 and a half months (2010, 2011, and January to middle May, 2012) there would have been 11 "3 trades situations".
This gives us an average of one '3 trades situation' every 2.59 months (from the beginning of 2010 to the present).
could you please explain more what happened in these 11 situations, were they the same as what happened recently? (i.e. they were 11 -200 pips loss situations)
thanks
Uczestnik z Nov 26, 2011
136 postów
May 17, 2012 at 23:19
ragency posted:
FxPapa,
For the first time since I attached your EA to my live account, it has completely missed a trade: Today's GBPUSD sell.
In addition, on my demo account, the above trade appears, but it was only open for 11 minutes, closing with a loss of 1.3 pips. This compares to your account where the trade was open for 20 minutes and closed with a 7.7 pip profit.
I sincerely hope that this is not a sign of things to come ...
Hi
Don't worry. This may happens because of brokers different tick data.
We are here. We are working on the new update. It will work easier with some more options.
Regards
Uczestnik z Nov 26, 2011
136 postów
May 17, 2012 at 23:23
dfortunati posted:
On May 16 and 17th right after the 3 losing GBPUSD trades, it shows you open 3 EURUSD but my EA did not execute anything..... weird. It still shows "connected to the server though".
Any explanation for that?
Hi
Just wait 3 days and new update will be ready. It should solve these problems.
Regards
Uczestnik z Nov 26, 2011
136 postów
May 20, 2012 at 20:51
Hi
I'll let you know when the new update be ready. Till then you don't need any change.
Regards
I'll let you know when the new update be ready. Till then you don't need any change.
Regards
May 22, 2012 at 06:17
something I can not understand. When we met the big drawdown your Lots were just 0.12, so you haven´t lost so much mony. Then you wrote it is because of your broker. But right after this everything is ok und the lotsize is as normal.? very strange.
Uczestnik z May 04, 2012
4 postów
May 22, 2012 at 06:20
Where is the upgrade?
fortunatisolutions@
May 22, 2012 at 07:37
mckarlos posted:
something I can not understand. When we met the big drawdown your Lots were just 0.12, so you haven´t lost so much mony. Then you wrote it is because of your broker. But right after this everything is ok und the lotsize is as normal.? very strange.
IF right, lots=0.6 , Down 136usd.
Fxpxpa, right?
Uczestnik z Nov 26, 2011
136 postów
May 22, 2012 at 11:45
dfortunati posted:
Where is the upgrade?
Please be patient. It will be ready soon.
Uczestnik z Nov 26, 2011
136 postów
May 22, 2012 at 11:45
xiaoyapk posted:
mckarlos posted:
something I can not understand. When we met the big drawdown your Lots were just 0.12, so you haven´t lost so much mony. Then you wrote it is because of your broker. But right after this everything is ok und the lotsize is as normal.? very strange.
IF right, lots=0.6 , Down 136usd.
Fxpxpa, right?
Yes.
