CanAm's Posts - Page 2

Fap Turbo in Expert Advisors Jan 09, 2012 at 01:26

Sean - be warned - this EA is a time bomb - it will eventually destroy your account balance.How is it you have only been trading the last six months - I thought they had shut it down?I don't think the member's site is active anymore????? I haven't looked in eons.

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 17:12

Hi FugheYes, the "Swap" is adding up to be a real cost due to the length of the open trades.Regarding VPS - having tried a few (none of which you mention though likely to be same/similar) they all shut down at various times or reboot or maintenance or blackouts or whatever you want to call it.I think VPS with EA's is a must but ONLY as a backup to your real PC/Connection - not to be relied upon.They are essentially a UPS just not in your own trading room.Ditto!!!Wishing everyone a pip filled 2012 and beyond - I know mine will be........Onward & Upward...............

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 15:24

Ouch, a few hours....even in the land of VPS its not unusual to lose contact for a couple of hours. And yes, something along these lines did happen. I didn't catch it striaght away as another indicator had text written in the top left - it woudl be nice if programmers gave an option on where (or indeed if) to place data in the window :)Current (longest running account) is +14.54% Closed Trades versus -20.35% Open TradesHaving said that I'm still following it with interest. Its not exactly money I can afford to lose, but at this point I am considering that its all part of an educational...

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 05:15

Hi FugheSeveral AudNzd all from early October and EurGbp since mid Nov

Tom'sEa WPFX LIVE in Trading Systems Jan 03, 2012 at 04:40

Speaking of commission.The other thing with the trades staying open for extended periods is that the 'cost' of the trade means that it will most likely never break even.Over three accounts whilst they have shown overall profits the open trade value on each account is equal to or more than the closed trade profit, so, I have two accounts that are essentially about break even atm and one account, the longest running, that the open trade (loss) is 1.5 times the closed trade (profit). In addition the cost (Swap) is -4% as some of the trades have been open for nearly three months.Just anoth...

Tom'sEa WPFX LIVE in Trading Systems Dec 21, 2011 at 01:57

I was nearly excited/relieved last night when I saw my open trade DD reducing.Nearly got to the point where I could close all open trades and basically be at breakeven/small loss for the 3 months of trading.Should have done it as of course those who hesitate lose - Open Trade DD is again way in excess of 3 month profit - DOH!

Tom'sEa WPFX LIVE in Trading Systems Dec 15, 2011 at 05:10

Phew....Interesting stuff overnight - now have 43 trades open - its really piling in to try and recover the losing trades.I can't imagine this ever being "flat" - its not happened in 3 months so not sure why other people's account go 'flat'??Open Trade DD still -20%I think the lowest Open Trade DD I can remember seeing was about -5% and that was maybe a week or two after it started.I still have one October trade open.

Tom'sEa WPFX LIVE in Trading Systems Dec 14, 2011 at 15:37

I was thinking the same - thought I'd hold back to see if anyone woudl comment given the last couple of days events.I was wondering if everyone had gone quiet due to heart attacks after the overnight drawdowns! In my case -11% overnight to a total of -25%Now clawing its way back to -20% at the moment.

Tom'sEa WPFX LIVE in Trading Systems Dec 12, 2011 at 10:28

Good explanation FugheI think the only thing that isn't covered though when we talk about risk is that no matter what you set 'risk' at it is largely ignored isn't it?ie; if the s/l is a mandatory 600 pips and lets assume that with a trade size of 0.01 you achieve this 1% the whole process goes out the window when it starts taking other trade sizes, as in, 0.02 is 2% and 0.1 is 10% and in the case of one of my largest trades of 0.27 that is 27%. Now, the trade size has got that big because its in a losing siutation and just keeps adding to it, and adding, and adding......, so w...

Tom'sEa WPFX LIVE in Trading Systems Dec 12, 2011 at 10:09

Hi PaulJust wondering what you mean by this?My experience is that heavy DD, ie; keep doubling in in the hope it'll come good doesn't net huge returns as when it does eventually decide to close out half the trades are closed at a loss and the other half at profit?Whilst there is the odd reasonable profit it is usually eaten up by the opposing losses?Essentially, a winning trade (under normal circumstances) with a risk setting of 1% is profit of 0.03%, ie; $3 in every $100 (theoretically) risked.

Tom'sEa WPFX LIVE in Trading Systems Dec 09, 2011 at 01:26

No manual closing - to test an EA you need to let it work or the developer can say "but you've been interfering with it - that's why its not profitable"These are trades that are still open - hence the big push by everyone to get "Open Trades" disclosed.

Tom'sEa WPFX LIVE in Trading Systems Dec 08, 2011 at 14:36

The only setting is set to 1, ie; 1%The biggest losses are sell trades on AUDNZD that date back to Mid October and of course it has been in a big uptrend during this time. instead of 0.01 lots they range from 0.04 to 0.26 lots as it keeps adding bigger lots as its in a losing position.USDCAD is doing the same but with buy orders and of course it has been trending down since late Nov.

Tom'sEa WPFX LIVE in Trading Systems Dec 08, 2011 at 13:48

A link Dustin?

Tom'sEa WPFX LIVE in Trading Systems Dec 08, 2011 at 12:17

Well, I'd say aside from teh obvious, that its profitable, there would be honesty, integrity, open discussion, full disclosure of statistics, explination of methedology so that if its not performing as claimed you have an understanding as to why / or have a heads up something is wrong.......that's just a couple of things off the top of my head.At this stage we're not quite there. For example, all the tradse are not yet disclosed.Also, I feel unable to rate as its not profitable yet, well, on one account it sort of is and on the other its no where near it. ie; one account has had 9...

Tom'sEa WPFX LIVE in Trading Systems Dec 06, 2011 at 14:42

Share :)

Tom'sEa WPFX LIVE in Trading Systems Dec 06, 2011 at 13:41

Missed the point completely there :) Again - if EA is already calculating based on multiple time frames why does it have to be on a specific chart window? And again, multiple charts = slower computer performance = risk of different results

Tom'sEa WPFX LIVE in Trading Systems Dec 06, 2011 at 04:43

Amazing the variation in this EAover1% v 0.23%18.7% v -2.01%

Tom'sEa WPFX LIVE in Trading Systems Dec 06, 2011 at 04:35

The thing I don't understand is that if it looks at multiple time frames as has been stated, then it must be in the coding to use only particular time frame EA's MACD etc etc, sooooo, it shouldn't matter what timeframe it is attached to?????????I to prefer to look at different time frames through the day - opening too many charts of different currencies just slows the PC down and then of course you build in order delay which can scew the results.

Tom'sEa WPFX LIVE in Trading Systems Nov 30, 2011 at 13:54

Yes - I was watching too.....Open trades went from -13% to -20% in the blink of an eye

Tom'sEa WPFX LIVE in Trading Systems Nov 29, 2011 at 14:27

Fapt was one of the biggest cons around, no sorry, Fapt Evolution was......those guys are outright crooks.I'd suspect the strategies, in fact the people, probably don't exist?? About as factual as the sort of info(mercials) we get blasted with on TodayTonight or similar :)Sadly there doesn't seem to be any genuine traders out there sharing their ideas. I've paid many$$$$ in education over the years for the likes of Poulis / Secker / etc / etc - not one has shown promise to date.And yet the search continues......trying to teach myself MQL4 atm to test some ideas but after Metata...

All Quotes
AUDUSD	0.6414	USDCHF	0.9102
EURJPY	164.77	EURCHF	0.9701
EURGBP	0.8605	GBPJPY	191.31
EURUSD	1.065	GBPUSD	1.2368
USDJPY	154.619	USDCAD	1.3798

EURUSD	1.065	GBPUSD	1.2368
USDJPY	154.619	USDCAD	1.3798

Posts by CanAm