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PowerFlow EA (3rd acc) (By Forex21 )

Användaren har gjort strategin privat.

Diskussion

FxPhil
Aug 28 2014 at 06:24
88 poster
Hi Alex,

Thanks for the reply and answers.

Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?

Is there an option to use SLs when a trade is opened?

For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?

Regards,
Phil

FxPhil
Aug 28 2014 at 06:24
88 poster
Hi Alex,

Based on the initial deposit of $10,000, there was a 63% DD event as per the attached MyFxBook data. Sure when the DD occurred, the balance was above $10,000. Point being if a new account was opened a week before that event, the account would have had a 63% or worst DD.

As MyFxBook doesn't get the tick by tick real DD, as our broker does, the DD could have been a lot worse.

Bifogade filer


FxPhil
Aug 28 2014 at 06:27
88 poster
If you do a custom analysis of the 3rd account, starting 01 June 2014 with a $10,000 starting balance, the account gets hit with close to a 60% DD in the first few weeks of trading.

When would Hedging kick in to limit the DD?

Forex21
Aug 28 2014 at 14:42
416 poster
FxPhil posted:
Hi Alex,
Thanks for the reply and answers.
Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?
Is there an option to use SLs when a trade is opened?
For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?
Regards,
Phil


Hello Phil, I replied here: https://www.myfxbook.com/community/trading-systems/powerflow-ea-2nd-acc-wwwforex21com/808725,1

MrMillionaire
Aug 28 2014 at 15:02
7 poster
Hi Alex,

what is the minimum account balance with can start to run the PoweFlow EA?

thanks
MrM

Forex21
Sep 01 2014 at 08:38
416 poster
MrMillionaire posted:
Hi Alex,

what is the minimum account balance with can start to run the PoweFlow EA?

thanks
MrM


It's about 200 USD.

Best Regards, Alexander

Forex21
Sep 04 2014 at 08:28
416 poster
Forex21 posted:
MrMillionaire posted:
Hi Alex,

what is the minimum account balance with can start to run the PoweFlow EA?

thanks
MrM


It's about 200 USD.

Best Regards, Alexander


Update: Please note that the minimum balance is higher if you use a standard account.

ForexSeeker (ForexSeeker)
Sep 07 2014 at 04:42
814 poster
Is there Take Loss Setting? I notice that is just pure Martingale.

I notice that your system strategy on AUDNZD is :
Leverage fix lot on first 3 level of 20 pips.
Then Martingale power 1.6 on next 1 level of 20 pips.
Then Martingale power 1.6 on next 3 level of 30 pips.
Then Martingale power 1.6 on next 2 level of 40 pips.
Then Martingale power 2.0 on next 1 level of 40 pips.
Then Martingale power 1.3 on next 1 level of 30 pips.
Then Martingale power 2.0 on next 1 level of 30 pips.
Then Martingale power 1.0 on next 1 level of 30 pips.
Then Martingale power 0.8 on next 1 level of 20 pips.
-- So far is the max data observe on strategy.

Logic is about withstand 350 pip of drawdown, and BackTest show of withstand 385 pip as variation getting quote open.

So if you are Bad Luck facing with 385 pip of draw down getting in and start with 0.01 Lot at start.
You will have a draw down of $2271.67 when you at the point to open the last level power 0.8 martingale.

And strategy show that after open 14 level of trade, will close with loss.

Martingale can run with $200, but is not safe.

To prove that, you can add the Basket control on EA to cut all trade when draw down is more than 200.
Run the Back Test, sure the equity curve will died as not enough money to withstand draw down and money to counter back.




Bifogade filer


Information is Gold when come to organised.
Forex21
Sep 08 2014 at 07:19
416 poster
Hello DoubleTrap,
per definition 'pure Martingale' means that you double your lots with each level.

Also, please keep in mind that PowerFlow does not use a fixed distance between orders. Therefore it can withstand sharp directional moves without running in troubles.

ForexSeeker posted:
Is there Take Loss Setting?


Yes, it is possible to limit the max number of levels and use SL as well.

ForexSeeker (ForexSeeker)
Sep 08 2014 at 08:24
814 poster
To withstand sharp draw down you need is a Big Account.
As I only use 0.01 lot already require 2k over to counter big trend of down times.
Your account is open with 0.12 that mean you need over 20k-30k just to open trade and not much margin to withstand further draw down.

Your balance Account only around 23k.
And you trading 4 pair together.

Conclusion : You are taking great Risk to accumulate the Profit and give it a Blow in matter of time.

Unless your Martingale can gain >100% per month, the risk to use small account to play Martingale is TOO HIGH.

Martingale is great tool to use as is pure Mathematics you can calculate the out come of DrawDown and manage your risk easily.
Sure you run back test rite ? What is your minimum Balance require to survival Each year separately start from 2008-2013?
I'm sure you need at lease 50k-100k even you start with minimum lot 0.01 without increasing lot factor.
And even 100k you will still get Margin Call if just pure Martingale without counter Martingale.


Information is Gold when come to organised.
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