Tom'sEa WPFX LIVE (Od TomsEaWPFXlive)
Používateľ odstránil tento systém.
Tom'sEa WPFX LIVE Diskusia
Členom od Jan 31, 2011
724 príspevkov
Jan 27, 2012 at 03:19
Interesting. From what I have seen, TEA generally opens a new position about every 50-60 pips (unless the market spikes). Assuming there is no market spikes, then that gives a margin call before you even reach 600 pips. But hey....look at the bright side.....at least you don't hit the stoploss this way!😀
Make losses, but always come out a winner at the end.
Členom od Nov 09, 2011
59 príspevkov
Jan 27, 2012 at 08:08
drsong123 posted:
I am no sure 1 standard lot for 100k account is too high. I believe tomea use both total account balance and risk level to calculate lot size.
chrissav, tell me your balance, leverage, and total open size, I will calculate percentage loss from balance (not equity) before trigger margin call.
ss
Hi drsong
Thanks for your help.
my current figures aprox are balance 2153 equity 1434 margin 176 free margin 1247 margin level 811% -£726 leverage 1:500
Členom od Nov 09, 2011
59 príspevkov
Jan 27, 2012 at 10:09
chrissav posted:
drsong123 posted:
I am no sure 1 standard lot for 100k account is too high. I believe tomea use both total account balance and risk level to calculate lot size.
chrissav, tell me your balance, leverage, and total open size, I will calculate percentage loss from balance (not equity) before trigger margin call.
ss
Hi drsong
Thanks for your help.
my current figures aprox are balance 2153 equity 1434 margin 176 free margin 1247 margin level 811% -£726 leverage 1:500
Further to that now at - £970 if you add this and margin , now at 53% DD and climbing
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 10:30
drsong123 posted:
tradingshed
if you are use same size of short position to go long now. you are accepting the paper loss now and realize later. this the psychological game market maker play on you. just look tomea wpfx chart, this is not largest PAPER loss since it started. it can survive then, it WILL survive this time. PAIN threshlod, pain. are you sure you are going die?!!!!!!!!!!!!!
ss
Not necessarily drsong123.
Hedging in this way (with some brokers only) frees up margin as the broker (market makers) sets the short risk against the long risk. Therefore you can go on forever. Suppose EURUSD climbs 1000 pips before reversing. without the hedge one could not survive (well, I could not) but with the hedge in place you 'freeze exposure' When you spot the reversal ( and if you are right about it) you close your hedge and bank the profits and then resume your net short exposure.
Not all brokers do this, some allocate margin for both sides of the hedge which would not work.
This system has worked with me in the past with Tom and I was placing the hedge in my manual trading account rather than the Tom's one as free margin was not an issue then. This time I have tried it on the same account to free up margin as well as freeze exposure.
I must say that on this occasion it did not work.
All my long positions hedges were entered only to reverse sharply after the spike and I got stopped out on all of them (ouch!). Therefore I had al loss on those longs and I am back to square one as both pairs seem to want to resume their run upwards after the downleg last night.
My manual trading signals and tech analysis are also inconclusive on these timeframes on where and how as the whipsawing will kill anything. News driven, I am afraid.
The system I use for manual trading is seldom wrong and is throwing long-short-long-short signals all over the place.
mmmmm..
Throw more equity at it?
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 10:34
(upravené Jan 27, 2012 at 10:52)
craneliu posted:
if the equity is enough, the first priority for current condition is not manage DD?
my DD limitation is 40%, but at current situation, if my DD drop to 30%, the 1st order will trigger the 600pips stop loss, then 2nd order and 3rd order before drop to 40% DD.
I will try to see how to hedge it.
weeks ago, EUR/JPY triggered the stop loss. today, EUR/USD will do. for the long term, EUR/USD will drop. when the EUR/USD stay in short term high, maybe long position will be built, then trend down, trigger another stop loss.........
TOMs EA work well, but recently EUR is very volatile, triggering stop loss will become normal?
I am worrying about my situation........
Correct. That is the idea.
However, it did not work with me on this occasion and there is another consideration.
Assuming that margin is not an issue, It is probably better (cheaper!) to let the position go against you and be stopped out on a couple of £0.10 @ 600pips (£60.00 each) rather than been whipsawed on a much larger hedge (like I did)
Its just too volatile at the moment.
Anyone thinking about weekend / Sunday night open?
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 10:45
(upravené Jan 27, 2012 at 10:52)
rv73 posted:
drsong123 - you are not reading correctly. This issue isnt about who trades what.
The problem is the opening lot size on a MINI account with 100K when RISK=1...... is 1.00 standard lot.
That is 10% risk when it should be 1% risk when RISK=1 setting.
Not necessarily. I think you are assuming that setting=1 means 1%. If I remeber right it does not. the number 1 is just a coefficient used for the risk calculation.
rv73 posted:
The EA under EXPERTS tab will explictly state, ' MINI ACCOUNT DETECTED'
Also detecting a 'mini account' does not mean that it will open a position @0.10. drsong123 is correct.
It will depend on the account size.
In my case, the EA detects a 'mini account' just like you but because of the size of my accounts (faaaaar lower than 100k), Tom's opens correctly @0.10. (I am spreadbetting so for all intents and purposes I am trading minilots)
With 100k size and 100k equity available, it does not surprise me that it opens a full lot size.
Ivan might have a better answer
Členom od Jan 24, 2012
60 príspevkov
Jan 27, 2012 at 10:55
hmmm, if we don't let it played out as it is; i.e. it would be reacting outside the recommended best practices.
Yeah...worst case, Tom's account bites the dust like the rest of us.
If we aren't comfortable with E/U with regards to its volatility since the broadcast of this EA, then just got to get used to it or we'll be acting more & sweat more...
maybe having that dd-limiter is working against oneself...psychologically...too.
I'm thinking it's best to reduce risk to a restful-sleep level would be the best solution.
Maybe because I've not gone live yet so I don't feel as much heat...
Why fix/meddle if it would work as good as Tom's account to get to our path towards, hopefully, an early financial freedom
?
Yeah...worst case, Tom's account bites the dust like the rest of us.
If we aren't comfortable with E/U with regards to its volatility since the broadcast of this EA, then just got to get used to it or we'll be acting more & sweat more...
maybe having that dd-limiter is working against oneself...psychologically...too.
I'm thinking it's best to reduce risk to a restful-sleep level would be the best solution.
Maybe because I've not gone live yet so I don't feel as much heat...
Why fix/meddle if it would work as good as Tom's account to get to our path towards, hopefully, an early financial freedom
?
Členom od Jan 31, 2011
724 príspevkov
Jan 27, 2012 at 10:57
Just letting you guys know, when the risk is set to 1, and you are on a $10k account, it should open a 0.01 lot position. On a $100k account, the position should be 0.1 lot. I wasn't wrong before, and I am still not wrong. The support guys need to know about this issue so they can get it fixed before someone blows their account.
Make losses, but always come out a winner at the end.
Členom od Nov 15, 2010
13 príspevkov
Jan 27, 2012 at 10:58
Sorry tradingshed, there is a definate bug in the software when in calculates the starting lot on a mini account with $100K.
I have just recieved an official email from support saying that,' Technically it should start with 0.2 - 0.5 lots. 1.0 lot might be reached in a series of orders'
I have run a series of tests on micro and mini broker accounts. The problem only lies with mini brokers. You can simply try it yourself.
The EA's risk and lot sizing is broken in a mini account scenario. There is no escaping it now.
I have just recieved an official email from support saying that,' Technically it should start with 0.2 - 0.5 lots. 1.0 lot might be reached in a series of orders'
I have run a series of tests on micro and mini broker accounts. The problem only lies with mini brokers. You can simply try it yourself.
The EA's risk and lot sizing is broken in a mini account scenario. There is no escaping it now.
Členom od Dec 28, 2011
94 príspevkov
Jan 27, 2012 at 11:02
hi, chrissav
balance equity pl %dd total position required margin available margin
2153 1937.7 215.3 10.00% 15,000 30 1907.7
2153 1722.4 430.6 20.00% 15,000 30 1692.4
2153 1507.1 645.9 30.00% 15,000 30 1477.1
2153 1291.8 861.2 40.00% 15,000 30 1261.8
2153 1076.5 1076.5 50.00% 15,000 30 1046.5
2153 861.2 1291.8 60.00% 15,000 30 831.2
2153 645.9 1507.1 70.00% 15,000 30 615.9
2153 430.6 1722.4 80.00% 15,000 30 400.6
2153 215.3 1937.7 90.00% 15,000 30 185.3
ss
balance equity pl %dd total position required margin available margin
2153 1937.7 215.3 10.00% 15,000 30 1907.7
2153 1722.4 430.6 20.00% 15,000 30 1692.4
2153 1507.1 645.9 30.00% 15,000 30 1477.1
2153 1291.8 861.2 40.00% 15,000 30 1261.8
2153 1076.5 1076.5 50.00% 15,000 30 1046.5
2153 861.2 1291.8 60.00% 15,000 30 831.2
2153 645.9 1507.1 70.00% 15,000 30 615.9
2153 430.6 1722.4 80.00% 15,000 30 400.6
2153 215.3 1937.7 90.00% 15,000 30 185.3
ss
Členom od Jan 31, 2011
724 príspevkov
Jan 27, 2012 at 11:03
Chances are it is a simple fix that will take about 60 seconds to resolve. They probably have a 10x multiplier where there isn't supposed to be one in an account type detection calculation.
Make losses, but always come out a winner at the end.
Členom od Nov 09, 2011
59 príspevkov
Jan 27, 2012 at 11:20
drsong123 posted:
hi, chrissav
balance equity pl %dd total position required margin available margin
2153 1937.7 215.3 10.00% 15,000 30 1907.7
2153 1722.4 430.6 20.00% 15,000 30 1692.4
2153 1507.1 645.9 30.00% 15,000 30 1477.1
2153 1291.8 861.2 40.00% 15,000 30 1261.8
2153 1076.5 1076.5 50.00% 15,000 30 1046.5
2153 861.2 1291.8 60.00% 15,000 30 831.2
2153 645.9 1507.1 70.00% 15,000 30 615.9
2153 430.6 1722.4 80.00% 15,000 30 400.6
2153 215.3 1937.7 90.00% 15,000 30 185.3
ss
Thanks drsong
my figures currently are Bal 2155 Eq 1185 margin 176 free margin 1011 margin level 673% open trades minus 964
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 11:55
OK, I can see some selling taking place on short term charts, lets hope for some follow through :-)
No short signals anywhere though :-(
If anyone is interested....measures I have taken:
I have deactivated anything which is at or above 0.9 on all accounts.
I have reduced where necessary all RL to 1 (bear in mind it does not affect current trade-sets).
I have reduced/managed/switched off any other EA I have running on the accounts.
I DO NOT have the 40% DD feature activated.
Oddly enough, in analysing the accounts, I have found that, out of 5, only 2 have a problem. (defined as above 25% DD).
One is currently @ around 30% and the other arounf 37%
The remaining 3 accounts are sitting @ around 15%
These 3 accounts were opened AFTER the server breakdown & activation issue @ Tom's and I have far fewer positions in them although they were running same account size, at same RL, same broker same VPS.
Not sure why, will email support.
No short signals anywhere though :-(
If anyone is interested....measures I have taken:
I have deactivated anything which is at or above 0.9 on all accounts.
I have reduced where necessary all RL to 1 (bear in mind it does not affect current trade-sets).
I have reduced/managed/switched off any other EA I have running on the accounts.
I DO NOT have the 40% DD feature activated.
Oddly enough, in analysing the accounts, I have found that, out of 5, only 2 have a problem. (defined as above 25% DD).
One is currently @ around 30% and the other arounf 37%
The remaining 3 accounts are sitting @ around 15%
These 3 accounts were opened AFTER the server breakdown & activation issue @ Tom's and I have far fewer positions in them although they were running same account size, at same RL, same broker same VPS.
Not sure why, will email support.
Členom od Jan 24, 2012
60 príspevkov
Jan 27, 2012 at 12:21
(upravené Jan 27, 2012 at 12:24)
Glad to see this :)
drsong123 posted:
I have run MT4 tester on TEA. risk level 1 results in about 7% on balance from closed trades and rl 2, 14% and rl 3, 21%. those are not same as short term paper drawdown from open positions.
ss
I suppose those % are the dd for RL employed for each pair?
how long a time-frame is it ran to? is the length of test to max absolute dd seen?
I'm not a systems guy... just curious :)
Good to know how much leeway we could go based on TEA's max recommended RL of 8 :)
Členom od Jan 24, 2012
60 príspevkov
Jan 27, 2012 at 13:11
(upravené Jan 27, 2012 at 13:12)
tradingshed posted:
OK, I can see some selling taking place on short term charts, lets hope for some follow through :-)
No short signals anywhere though :-(
If anyone is interested....measures I have taken:
I have deactivated anything which is at or above 0.9 on all accounts.
I have reduced where necessary all RL to 1 (bear in mind it does not affect current trade-sets).
I have reduced/managed/switched off any other EA I have running on the accounts.
I DO NOT have the 40% DD feature activated.
Oddly enough, in analysing the accounts, I have found that, out of 5, only 2 have a problem. (defined as above 25% DD).
One is currently @ around 30% and the other arounf 37%
The remaining 3 accounts are sitting @ around 15%
These 3 accounts were opened AFTER the server breakdown & activation issue @ Tom's and I have far fewer positions in them although they were running same account size, at same RL, same broker same VPS.
Not sure why, will email support.
so much better if TEA is ran on trade-copier... less on hassle to find the right vps for us & still use the monthly amount saved for other stuff. This would also allow us to close all trades or a particular fx-pair by employing a script on our end of the mt4 platform...
I've emailed this info to the vendor. no news yet :)
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 13:18
ravenlok posted:
so much better if TEA is ran on trade-copier... less on hassle to find the right vps for us & still use the monthly amount saved for other stuff. This would also allow us to close all trades or a particular fx-pair by employing a script on our end of the mt4 platform...
I've emailed this info to the vendor. no news yet :)
I personally like the freedom of choice on Broker/VPS/Instrument that the EA gives. It does have many advantages.
10 minutes to GDP.....
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 13:19
By instrument I mean traditional account vs Spreadbetting (tax free in UK)
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 13:31
Signals to enter short positions on EURUSD 15m on two of my systems, maybe we are there?
Členom od Nov 06, 2011
181 príspevkov
Jan 27, 2012 at 14:53
(upravené Jan 27, 2012 at 14:57)
Third lower swing high on 15m and failed buy signals on both pairs. Perhaps not all is lost 🙄
Členom od Oct 05, 2011
60 príspevkov
Jan 27, 2012 at 15:00
Hello everyone. Ive been out of town the last few days and I wanted to chime in on the lot size issue with Mini accounts. This EA MUST be traded on a micro account to be able to work properly even if you have 100k. It will trade Mini lot volume over $100k but you still need a micro account and this is why. If you trade your way to 10k in profit you will then have $110k which means your trades would then start out with one mini lot and one micro lot and each time you grow by $10k it would increase the lot size by one micro assuming an RL of 1. Without this the EA would not grow your account in a compounding manner because it would only be able to start the series with 1 mini lot until it got to $200k etc. in which case it would then trade 2 mini lots etc.
The EA is not broke. Its just not designed to work on a mini account because it would be substantially less effective on a mini account. Even if you were trading on a million dollar account you would still want the scalability to increase lot size every $10k which means you would still want the flexibility of a micro account. We are getting closer and closer to a completed new members area and I will be sure to clarify this in the new members area so that these questions do not keep coming up.
The compounding affect is very powerful. In fact if you get just 6% a month and started with a 3k account it will grow to 1.53 million in 10 years if you just leave it alone. You can test my math by applying the rule of 72. You will see that your money would double every 12 months. If you are unfamiliar with the rule of 72 do a quick Google search for a complete explanation but in short if you take any return that you are getting and divide it into 72 it will tell you how long it will take your money to double. So 6 into 72 equals 12. It would take 12 months to double your money. For those of you that are not comfortable with draw downs you may want to just tone it way back and shoot for just 5 or 6 percent a month. Doing this would allow you to set it and forget it much easier and would keep your stress levels a little lower while still being able to see a really good return in the long term.
The EA is not broke. Its just not designed to work on a mini account because it would be substantially less effective on a mini account. Even if you were trading on a million dollar account you would still want the scalability to increase lot size every $10k which means you would still want the flexibility of a micro account. We are getting closer and closer to a completed new members area and I will be sure to clarify this in the new members area so that these questions do not keep coming up.
The compounding affect is very powerful. In fact if you get just 6% a month and started with a 3k account it will grow to 1.53 million in 10 years if you just leave it alone. You can test my math by applying the rule of 72. You will see that your money would double every 12 months. If you are unfamiliar with the rule of 72 do a quick Google search for a complete explanation but in short if you take any return that you are getting and divide it into 72 it will tell you how long it will take your money to double. So 6 into 72 equals 12. It would take 12 months to double your money. For those of you that are not comfortable with draw downs you may want to just tone it way back and shoot for just 5 or 6 percent a month. Doing this would allow you to set it and forget it much easier and would keep your stress levels a little lower while still being able to see a really good return in the long term.
