Xcalper Real Test Diskusia

are you using the hedge protection mode for this account and is the hedge protection necessary?

We are but the hedge capability is off. if we feel like the market is unstable, we will turn it on.

Please let me know if you have any questions.

Why to turn it off? Does it affect on profitability?

Any reason you switched to IC Markets from IBFX.au as per demo account? I have an IBFX.au account and would prefer not to change broker unless it was extremely compelling to do so...

No, we don't want The EA to bounce between the main trade and hedge trade. if we don't see a major uncertainty we would not turn it on.

Because IC-Markets offered us to use their live account for testing our EA. nothing special.

do u think it is better to use the EA at ECN broker?

forex2929 posted:
do u think it is better to use the EA at ECN broker?

yes, I do think ECN broker is better but the difference would be minimal.

Please let me know if you have any questions.

Xcalper

Hello Xcalper,

Updated:Jan 29 at 20:12 ?????? Big DD !!!!

FPA live:

https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm

2875172 2013.01.30 09:46 buy 0.20 eurusdi 1.35337 1.35307 1.35940 1.35527 -1.40 0.00 -1.26 38.00 19

You manaul open trade with buy 0.20 lot?

This EA is scalper? I don't think!

For me you have lost confidence vendor. Sorry.

Xcalper,

I thought this was a scalper. It is definitely not.

Looking at your live account you have two orders that are opposite of each other a sell 1 Lot and a Buy 2 lots that have been going since Jan 29 and Jan 30 respectively.

Big drawdown in play!

It is good that I waited a bit to see this. Caveat Emptor !!!

 

Kaptain posted:
Xcalper,

I thought this was a scalper. It is definitely not.

Looking at your live account you have two orders that are opposite of each other a sell 1 Lot and a Buy 2 lots that have been going since Jan 29 and Jan 30 respectively.

Big drawdown in play!

It is good that I waited a bit to see this. Caveat Emptor !!!

 

It is a scalper. Please read the info on 'Hedge Protection' and you will know how it works.

Please let me know if you have questions.

Jarora posted:
Hello Xcalper,

Updated:Jan 29 at 20:12 ?????? Big DD !!!!

FPA live:

https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm

2875172 2013.01.30 09:46 buy 0.20 eurusdi 1.35337 1.35307 1.35940 1.35527 -1.40 0.00 -1.26 38.00 19

You manaul open trade with buy 0.20 lot?

This EA is scalper? I don't think!

For me you have lost confidence vendor. Sorry.

It is a scalper. Please read the info on 'Hedge Protection' and you will know how it works.

Please let me know if you have questions.

1.) What are the time frames for the charts that your EA is attached to (Website seems to indicate that it doesn't matter). Does the 1-minute chart get more trades then the 1-week chart?

2.) What specific setting in this EA turns on/off money management?

The hedging technique is clear from the trades dated January 29th and 30th.

This time it had worked out nicely, but what happens if the market decides to linger around the price level of the hedging position, stopping out and reentering it (with 3 pips SL in this case) on numerous occasions, again and again...??

Well, I know the answer from first hand, as I created such a 'Hedging EA' (to compliment a Martingale EA to prevent its inevitable demise). It did work well for a while, but at one point the market started to go sideways for a prolong period of time hitting the hedging EA's entry and SL levels numerous times, eventually chewing up the account in small pieces like a piranha (as opposed to 'Martingale strategies' which blow up your account at once).

The hedging technique is for death of spalping strategy. Consistently high DD!!! Use classic TP and SL.

https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm

90% DD ??? No, thx!!

profix posted:
90% DD ??? No, thx!!

Based on the trade analysis, the account balance DD was probably much less than 90%, as the BUY hedging position stepped in action to counteract the open loss of the SELL position.

Nevertheless, as Jarora stated it correctly: 'The hedging technique is for death of scalping strategy.' confirming what I had mentioned previously.

profix posted:
90% DD ??? No, thx!!

that number is not correct. Myfxbook is showing the amount for the worst trade. but that trade has been open along with a hedge trade which you can see that trade right after the 90% trade. so the drawdown of the account has not been more than 30%.

Please let me know if you need more clarification.

FxMasterGuru posted:

profix posted:
90% DD ??? No, thx!!

Based on the trade analysis, the account balance DD was probably much less than 90%, as the BUY hedging position stepped in action to counteract the open loss of the SELL position.

Nevertheless, as Jarora stated it correctly: 'The hedging technique is for death of scalping strategy.' confirming what I had mentioned previously.

well explained. thanks alot