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Tom'sEa WPFX LIVE (โดย TomsEaWPFXlive )

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Tom'sEa WPFX LIVE การสนทนา

Antny (fughe)
Nov 20 2011 at 15:43
724 โพสต์
Hmmm. The version I am currently running is the version I downloaded 2 weeks before they actually made it available for sale. Well, regardless, it seems that there was some funny marketing going on and enough knowledgeable traders complained and so they were forced to change the risk setting. As I have seen, at 10%, the DD is enormous, and without manual intervention, it will wipe out a persons account. At 1%, I would call it reasonable risk.

So....in light of this new information, I still stand by my warning to new traders to learn to trade successfully with a manual system first before attempting to use a martingale system. Then, make sure you are using v1.88 or later. To get a clear image of the risk involved, all you need to do is take my previous set of figures and divide everything by 10.

Make losses, but always come out a winner at the end.
canadianpsycho
Nov 20 2011 at 20:56
12 โพสต์
So far as I know, the EA includes an updater. So long as a trader restarts their trading platform once a week, they should be using the latest version. If a trader is using an automated system and does NOT restart their platform at least once a week, they have other issues in respect to responsibly using automated systems.

Antny (fughe)
Nov 20 2011 at 21:00
724 โพสต์
I maintain my system personally. I never restart as long as there are no issues. I found out a long time ago that if something is working well, you absolutely do not screw with it. I have had too many updates ruin a good thing. And yes, that does mean my computer is on 24 hours a day 365 days a year.

Make losses, but always come out a winner at the end.
canadianpsycho
Nov 20 2011 at 21:16
12 โพสต์
Terrible. Logs should be regularly deleted, operating system should be updated and restarted regularly. You don't have to update your MT4 build (I personally operate a rather old build) but your operating system should be properly maintained along with your EAs.

Antny (fughe)
Nov 20 2011 at 23:06
724 โพสต์
The logs get deleted on a regular basis. The mt4 doesn't crash so it doesn't get updated. The operating system doesn't crash, so it doesn't get updated. I assume you have never updated your operating system and then have it crash on you. I have. That is why I never update unless there have been problems. My system never has errors, is lightning fast, and does not crash. Of course, the computer is exclusively dedicated to running mt4 and nothing else. Plus....I figure I could let the log files build up for quite a long time if I really wanted to....since 1.5TB of hard drive space will hold a lot of log files before starting to slow down. 😇

Make losses, but always come out a winner at the end.
canadianpsycho
Nov 21 2011 at 00:07
12 โพสต์
My O/S has never crashed thanks. It runs on a VPS that is dedicated to running instances of MT4. I have my MT4 logs deleted by way of an automated script.

whatever the case, I like keeping things up to date and fresh which is why I restart everything outside of market hours. I think that the benefit of this should be obvious if anyone ran into problems because of using an older version of this EA for instance. whatever the case, if your system has any sort of memory leak, restarting your O/S will help you avoid hiccups because of this if you didn't catch it for some reason.

Antny (fughe)
Nov 21 2011 at 01:22
724 โพสต์
Oh I like the idea of deleting the logs with an automated script. Thanks for bringing that up. i may start using that idea myself!😀

I keep tabs on my system constantly. I even have backup emergency power supplies, etc. Since I don't need the speed of a VPS connection, I decided not to pay for one. I do have a VPS for my MDP setup though, which is entirely necessary.

As far as memory leaks, it would take something really nasty to mess up my system. I am running 2 mt4 instances on 8 GB of main ram with an AMD 6core phenom processor. It is extreme overkill, but the system is never pushed under any circumstances....which is what gives me the reliability. Plus, it is better for the internal components of a computer to never restart anymore than necessary. That said....it is a pain in the butt to have to take it a part and clean it while it is running. I don't have to do that hardly ever though since i keep it in a 'clean room'. It is sealed off from most outside air circulation, and has a high grade air filter running constantly, plus it is climate controlled.


Make losses, but always come out a winner at the end.
flopps
Nov 21 2011 at 12:10
42 โพสต์
craneliu ...... Thanks for the support. Let me be clear here. I realise the risks involved with a Martingale strategy, however I just don't believe in the value of a demo or small live account test. I'm testing this EA with the same initial deposit, same risk setting as the vendor on a a live account because I want results (good or bad) that I can use to accurately evaluate the EA.

Let me make it perfectly clear to all those reading this post..... never test/invest a system with money you cant afford to loose!!!!

Antny (fughe)
Nov 21 2011 at 17:13
724 โพสต์
That is always good advice! Everyone should use that.

Make losses, but always come out a winner at the end.
tradingshed
Nov 21 2011 at 20:11
181 โพสต์
Thanks for all the interesting posts, I am definitely learning a few bits. 😄

The reason I posted in the first place was because I felt that in general the scary comments and the large numbers thrown around would probably put off a few newcomers without need for it. I say this because I am a newcomer to the automated side of trading and was not very lucky with finding quality reviews (maybe looking in the wrong places)

Still a bit disapponted that the vendors are not participating or making their open trades public. I am glad a few users have made their account public, I am tracking a few Tom's EA users. I figure by monitoring several accounts, I can get a feel for performance. I was reading fughe's post on his position sizing and I was a bit surprised (maybe I did not get something)


   fughe posted:
To make this simple, I am going to use the actual trades placed in the EURUSD. Here are the trades:
#1- 0.4 lot @1.3779
#2- 0.4 lot @1.3718
#3- 0.4 lot @1.3667
#4- 1.30 lot @ 1.3612
#5- 2.50 lot @1.3558
#6- 3.80 lot @1.3495

I am not sure how you come to this numbers, could you explain? they are rather scary! My account (5k account, risk level 2, 3 pairs) during the same period would have done:
#1- 0.01 lot @1.3779
#2- 0.01 lot @1.3718
#3- 0.01 lot @1.3667
#4- 0.02 lot @ 1.3612
#5- 0.04 lot @1.3558
#6- 0.06 lot @1.3495
It would appear that you were running a mini account, not micro. Is that right? The position sizing you are quoting here is 40 times higher than mine


 fughe posted:
Here is what the stats would be at the stop(to keep it simple we assume 1 pip @ 0.1 lot is $1):
#1- 0.4 lots @ -600pips= -$2400
#2- 0.4 lots @ -539pips= -$2156
#3- 0.4 lots @ -488pips= -$1952
#4- 1.3 lots @ -433pips= -$5692
#5- 2.5 lots @ -379pips= -$9475
#6- 3.8 lots @ -316pips= -$12008
This leaves with a sum total loss of......-$33683.

(...) At this point everyone should be seeing that we are in a margin call situation LONG before we get anywhere near the -600 pip stoploss. This is for ONE pair on MINIMUM risk. This happened in 3 days (Sept 10th and 11th were the weekend). I am not using a theoretical price action here, I used a real life, the-market-actually-did-this-in-the-real-world, event.



With my size lots, the DD I would get would be £527.40, which is around 11% give or take. Perfectly acceptable, expecially given the circumstances, I guess. I put in brackets what DD I would encountered with mine. Perhaps is the version (1.88) or perhaps is something else but the difference seems huge.

#1- 0.4 lots @ -600pips= -$2400 (£60.00)
#2- 0.4 lots @ -539pips= -$2156 (£53.90)
#3- 0.4 lots @ -488pips= -$1952 (£48.80)
#4- 1.3 lots @ -433pips= -$5692 (£86.60)
#5- 2.5 lots @ -379pips= -$9475 (£151.60)
#6- 3.8 lots @ -316pips= -$12008 (£126.40)
This leaves with a sum total loss of......-$33683. (£527.40)


 fughe posted:
So....in light of this new information, I still stand by my warning to new traders to learn to trade successfully with a manual system first before attempting to use a martingale system. Then, make sure you are using v1.88 or later. To get a clear image of the risk involved, all you need to do is take my previous set of figures and divide everything by 10.


It would appear to me I have to divide by 40 (or with a 10k account, by 20).

Perhaps I am not getting it but I fail to see how an EA like this, which keeps moving the TP closer to current price, is able to hedge, takes profits quickly and trades minuscule sizes can blow your account, provided it is regularly monitored , there is enough capital, runs 24/5 and strict rules are set. Personally, I do not use Martingale strategies in manual trading, but my sizes are bigger there. Could not possibly do that. In automation though it seems reasonable to me.

Thanks

tradingshed
Nov 21 2011 at 20:15
181 โพสต์

   flopps posted:
   craneliu ...... Thanks for the support. Let me be clear here. I realise the risks involved with a Martingale strategy, however I just don't believe in the value of a demo or small live account test. I'm testing this EA with the same initial deposit, same risk setting as the vendor on a a live account because I want results (good or bad) that I can use to accurately evaluate the EA.

Let me make it perfectly clear to all those reading this post..... never test/invest a system with money you cant afford to loose!!!!


Flopps, you state above that you do not believe in testing EAs on demo accounts. Can I ask you why?
In manual trading I would agree with you as you eliminate the 'money on the table' element when you take decisions and the emotions involved are too different to compare. However, I would have thought with automated trading, the EA does not differentiate between a live or demo account and I personally would think its ok to test on a demo.

Am I missing something?

Thanks

Antny (fughe)
Nov 21 2011 at 20:41
724 โพสต์

   tradingshed posted:
   It would appear to me I have to divide by 40 (or with a 10k account, by 20).

Perhaps I am not getting it but I fail to see how an EA like this, which keeps moving the TP closer to current price, is able to hedge, takes profits quickly and trades minuscule sizes can blow your account, provided it is regularly monitored , there is enough capital, runs 24/5 and strict rules are set. Personally, I do not use Martingale strategies in manual trading, but my sizes are bigger there. Could not possibly do that. In automation though it seems reasonable to me.

Thanks



I believe the multiplier difference is due to your account sizing. My guess your account is either $1000 or $10,000. My account on the other hand is $40,000. That would account for your 40x instead of 10x. I should have noted that an extra multiplier or divider should have been added to account for the equity in a persons account. As a matter of fact, since i killed the EURJPY trades last week...I went and looked at my account to get an update. From 11-16, until today, my account has already added $5,000. So in one week, I have gained 20%.

This is why I am warning everyone. The version I have running is the version(v1.87) before they officially started selling the EA(v1.88). It was a marketing tactic. It wasn't me that programmed the EA to have a dangerously high risk and then changed it to a reasonable amount AFTER people had paid for it. They were fudging the numbers. This is why i do not trust them. And it isn't like they didn't know what they were doing, because there are a lot of people who saw it.

Make losses, but always come out a winner at the end.
flopps
Nov 22 2011 at 02:53
42 โพสต์
tradingshed.... Sorry i should have made myself clearer regarding Demo. I used this EA in a Demo for the 2 week trial. What I meant by my statement is that for a long term evaluation of a EA 'Robot', I believe it needs a live account. The only reason I chose a starting balance of 10K, was because I wanted to use the same settings/pairs etc as the developers account. The problem with Demo is that there is no slippage, no re-quotes and no spread variation. Now with this particular EA that probably doesn't matter so much, however I'm just looking for the most accurate evaluation. I still have 1.3 months left before can get a refund, so will just wait and see how it goes. So far so good.

lobotomy8
Nov 22 2011 at 05:42
140 โพสต์

   flopps posted:
   tradingshed.... Sorry i should have made myself clearer regarding Demo. I used this EA in a Demo for the 2 week trial. What I meant by my statement is that for a long term evaluation of a EA 'Robot', I believe it needs a live account. The only reason I chose a starting balance of 10K, was because I wanted to use the same settings/pairs etc as the developers account. The problem with Demo is that there is no slippage, no re-quotes and no spread variation. Now with this particular EA that probably doesn't matter so much, however I'm just looking for the most accurate evaluation. I still have 1.3 months left before can get a refund, so will just wait and see how it goes. So far so good.


The problems like slippage, requotes etc don't appply here. This EA is not a HFT bot, either scalper

tradingshed
Nov 22 2011 at 08:57
181 โพสต์
Hi all, can I ask if anyone has had experience in changing risk levels on a pair with open trades and how were they managed?

Thanks

tradingshed
Nov 23 2011 at 23:06
181 โพสต์
HI, if anyone is interested, I attach the results of my Tradency mirror account. It would appear to be worse than the EA.

all 6 pairs
Risk 1
10k start


ไฟล์แนบ :


tradingshed
Nov 23 2011 at 23:07
181 โพสต์
craneliu
Nov 24 2011 at 02:04
248 โพสต์
hi Tradingshed, you are overtrading.
5K start capital, only can trade risk level 2. that means one pair EUR/USD with Risk level 2 or one paiy EUR/USD with risk level 1 and one pair GBP/USD with risk level 1.

Always Risk Management First, Then Grow The Profit!
craneliu
Nov 24 2011 at 02:10
248 โพสต์
Dear all Fellows,

by now, there are some trading resulst available. so far the performance is positive.
but considering the high risk potential for this strategy and TOM does not want to disclose more about the strategy, shall ourselves do some analysis based on trade open and close price, and trade step (0.02 lots, 0.06 lots, 0.09 lots, 0.18 lots, 0.24 lots for example in FLopps trading record). then we may have the basic idea how much real risk is for us to use this EA.

we should make the decision within next 1 and half months before the deadline for the refund.

Always Risk Management First, Then Grow The Profit!
tradingshed
Nov 24 2011 at 06:56
181 โพสต์
Craneliu, I am aware of that. It is a demo account, not live. Having said that, I am heavy also on my live account!

I also have a demo on here running the EA with 10k, 7pairs, all running on level 3 (RL21) for maximum worse case scenario.

I have now moved the Tradency account (DEMO) to all pairs on level 2. (RL12)

will post.

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