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Tom'sEa WPFX LIVE (โดย TomsEaWPFXlive )

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Tom'sEa WPFX LIVE การสนทนา

Antny (fughe)
Nov 28 2011 at 10:51
724 โพสต์
Score! I was finally able to get all those positions closed out without losing half my account! TEA had put my $40,000 acc up to $59,000 this month. I had a $30,000 DD as of market open today. I Just finished closing out all the positions, and my official account equity is..........

wait for it........


$52,700 (rounded off)

So, I did some updates, moved it to my VPS, and now we are running with a reasonable risk of 1%. We shall see how it goes now.

Make losses, but always come out a winner at the end.
CanAm
Nov 28 2011 at 11:22
48 โพสต์

   fughe posted:
   Score! ................. I had a $30,000 DD as of market open today................



I must be missing something here - if your (real) account balance was $29,000 (assuming today was your highest balance to date)how did you close out all your positions and make $24,000 in one day????

Antny (fughe)
Nov 28 2011 at 11:45
724 โพสต์

   CanAm posted:
  
I must be missing something here - if your (real) account balance was $29,000 (assuming today was your highest balance to date)how did you close out all your positions and make $24,000 in one day????


I am referring to open drawdown. It is the hidden killer in systems like this. The advertiser will almost NEVER tell anyone how much of a drawdown they may have to endure before the price finally swings back in their favor to close at a profit. As far as closed drawdown goes...my account never experienced a drawdown. But behind the scenes.....my account equity has almost never been positive since the day i started using this EA. i finally caught it just as it closed out a bunch of massive positions for a profit with the open orders only a few thousand dollars in the negative. I just decided i would take the loss, since my account equity would actually be much higher than when I started it all. I got lucky and i am highly aware of this. This EA could easily have taken my account straight to hell. What annoys me the most is, the developers were the ones who set the account risk at minimum to 10% instead of 1% like it should have been. They knew exactly what they were doing to. After talking to several people on here, it has been discovered that in the version immidiately after the sales began (v1.88) they changed the risk to 1% like it should have been the entire time. Highly untrustworthy tactics.

Make losses, but always come out a winner at the end.
Antny (fughe)
Nov 28 2011 at 11:47
724 โพสต์

   CanAm posted:
  
I must be missing something here - if your (real) account balance was $29,000 (assuming today was your highest balance to date)how did you close out all your positions and make $24,000 in one day????


Oh yeah....also, my account made 31.75% in one month.

Make losses, but always come out a winner at the end.
Chugginton (maxtrade)
Nov 28 2011 at 14:11
35 โพสต์
This EA have 600pips stop loss, and when SL is hit it takes very very long time just to cover back. I have done some backtest with dukascopy 99% tick data. You need at least 5000 to survive from DD and when it hit SL.
My backtest result (01.01.2009-01.11.2011) : EURUSD,RL : 1

Deposit : 1500. Margin Call on 19.03.2009
https://www.myfxbook.com/strategies/1500/10314

Deposit : 2500. Margin Call on 05.02.2010
https://www.myfxbook.com/strategies/2500/10315

Deposit : 5000
www.myfxbook.com/strategies/5000/10319

craneliu
Nov 28 2011 at 15:29
248 โพสต์
hi Maxtrade, thank you for your test!

very important results!

recently I am also trying to understand the DD when the trade hit the max stop loss.

did you use the latest version (v1.88) for the testing?

it seams very bad results.

you can see the profit for several months, then all of the account will be blowed, no difference from traditional martingale strategy.

I am doing the testing with demo account, so far so good. but I did not have confidence in using this email for the long term.

Always Risk Management First, Then Grow The Profit!
Chugginton (maxtrade)
Nov 28 2011 at 16:26
35 โพสต์
Backtest was on V1.88. It is true this type of system is being used by hedge fund,big player to trade, but they do have UNLIMITED amount of money and they don't trade with SL on martingale system. Martingale with a SL does not make sense IMHO. Even with $5K deposit, trading only EU RL 1 the account only make $700 of profit from 01.01.2009-01.11.2011. IF the SL is not there it will be much more better..again IMHO..

tradingshed
Nov 28 2011 at 16:29
181 โพสต์



Hi all, very good info, thank you to all.

- Maxtrade:
thank you for your backtesting results. I would agree that one probably needs a substantial balance with this EA, to withstand the March 2009 reversal. Interesting that some trades are underwater by more than 500 pip. I thought the stop loss was 600pips calculated across the overall position (if you have 3 EURUSD open in the same direction the 600 are averaged)

Do I understand right that you were runnig 1 pair on Risk level 1 on the 1500A/C? It appears that the EA was doing very well until that week. Perhaps a different stoploss should be in place? Has anyone got an opinion on a better stoploss?
The 2500 A/C seems also to have been done well until a major market reversal killed it.

Fughe:
You mention that you have changed the risk level from 10% to 1%. what version did you change that in? V1.88 or earlier? Did you make other modifications?

For everyone information, if you are interested:

I am runnig a TomEA demo on here with 10k and 7 pairs @ level 3 (RL21!! for worse case scenario, suicide ward..) You can view it on my profile. However, there are some earlier trades made by different EAs that I was looking at. Now Myfxbook has kindly allowed TAGS to be public so you can go to custom analysis and tick only Tom's EA. You will see only the trades made by Tom's EA. Now Tom's EA is the only one used on this account.

The account is currently up 31% on closed trades and the worst drawdown so far happened last week with 24% before the reversal. saved the day (dont forget this is runnig risk level 21!) Lets wait and see.

Also I have a demo on Tradency with 5k and 6 pairs on RL2 (RL12) and I include ascreenshot of that too here. (again high risk)

And my live A/C of course.

I would like to ask a couple of questions:

Has anyone had any feedback from the developers?

Do any of you have any idea on how to improve the EA (in your opinion) In my opinion it should hedge more aggressively and open more positions on the opposite side as it goes against you.

Thanks




ไฟล์แนบ :


craneliu
Nov 28 2011 at 16:59
248 โพสต์
hi tradingshed, the developer never answer the critical question, their support only can answer the very basic question.
can you improve this EA? they have DLL file for the core concept.

Always Risk Management First, Then Grow The Profit!
Chugginton (maxtrade)
Nov 28 2011 at 17:25
35 โพสต์
I know of people trade martingale system successfully. The way he trade is he only start martingale system after market has been in a very big reversal, and he did not do hedging and he trade without SL, i don;t know how much money he have but i guess it was very very big.When the account is double he take the profit and trading with the bank money (no risk here). He also told martingale is very difficult to master, need very experienced in long term market analysis. At some point he stop all trade and wait until next big reversal to come. He also said in 1year, he only run 1-2 times only on martingale.
Based on TOMS EA if i remember correctly from the webinar , the developer is always monitor the current market situation and he consistently do adjustment on the EA with the current market situation.Maybe he think right now market will not hit 600pips SL. If we look on aug2011 until now there is no SL being hit on developer live and 2 SL on my backtest. Also i see from the 1st ver of the EA long time ago, the SL is 400, if he did not change it to 600 we may hit the 400SL couple of time this month.
I really hope developer is monitoring the market and will make adjustment on the EA accordingly. That's the only way to make this system success... IMHO.

Chugginton (maxtrade)
Nov 28 2011 at 17:44
35 โพสต์
one thing before i forgot, with martingale the last thing we want is hit with SL and always prepared with enough money in the account. I'm still demo it until i see 600pips SL is hit or there is update on the EA then i will go live with 5K,1pair,rl1 for a starting..good luck all 😄

tradingshed
Nov 28 2011 at 18:40
181 โพสต์
there is a different consideration which I have been thinking of.

Once a DD tolerance has been established, why not manually hedge the position? If the EA does not do it enough.

In my view, if we get a big EURUSD trend (to annihilation...) and Tom's keeps averaging down, once the tolerance is hit, open a manual hedge (in this case a short) and keep taking profits on your hedge to offset the open DD on the EA. Worse case you break even-ish waiting for Martingale to do the job.

In my particular case of last week, I was already short EURUSD in my manal trading as there was a move there. I think the markets should still be monitored daily and an eye kept open anyway.

So far I have not reached my DD limit (and hope I never will, really.)

Rubbish?

Do you automated experts think this EA has legs?

Antny (fughe)
Nov 28 2011 at 20:16
724 โพสต์

   maxtrade posted:
   This EA have 600pips stop loss, and when SL is hit it takes very very long time just to cover back. I have done some backtest with dukascopy 99% tick data. You need at least 5000 to survive from DD and when it hit SL.
My backtest result (01.01.2009-01.11.2011) : EURUSD,RL : 1

Deposit : 1500. Margin Call on 19.03.2009
https://www.myfxbook.com/strategies/1500/10314

Deposit : 2500. Margin Call on 05.02.2010
https://www.myfxbook.com/strategies/2500/10315

Deposit : 5000
www.myfxbook.com/strategies/5000/10319


Awesome! Thanks for running those tests. I had been meaning to but haven't had the time lately. Greatly appreciate it!

Make losses, but always come out a winner at the end.
Antny (fughe)
Nov 28 2011 at 20:32
724 โพสต์

   maxtrade posted:
   This EA have 600pips stop loss, and when SL is hit it takes very very long time just to cover back. I have done some backtest with dukascopy 99% tick data. You need at least 5000 to survive from DD and when it hit SL.
My backtest result (01.01.2009-01.11.2011) : EURUSD,RL : 1

Deposit : 1500. Margin Call on 19.03.2009
https://www.myfxbook.com/strategies/1500/10314

Deposit : 2500. Margin Call on 05.02.2010
https://www.myfxbook.com/strategies/2500/10315

Deposit : 5000
www.myfxbook.com/strategies/5000/10319


I just did some checking into these results. Everyone else may not have noticed, but the stoploss is set to -600 pips....not form the first open position.....but for each individual position. That is why the losses are so massive.

Make losses, but always come out a winner at the end.
Antny (fughe)
Nov 28 2011 at 20:36
724 โพสต์

   tradingshed posted:

Fughe:
You mention that you have changed the risk level from 10% to 1%. what version did you change that in? V1.88 or earlier? Did you make other modifications?

For everyone information, if you are interested:

I am runnig a TomEA demo on here with 10k and 7 pairs @ level 3 (RL21!! for worse case scenario, suicide ward..) You can view it on my profile. However, there are some earlier trades made by different EAs that I was looking at. Now Myfxbook has kindly allowed TAGS to be public so you can go to custom analysis and tick only Tom's EA. You will see only the trades made by Tom's EA. Now Tom's EA is the only one used on this account.

The account is currently up 31% on closed trades and the worst drawdown so far happened last week with 24% before the reversal. saved the day (dont forget this is runnig risk level 21!) Lets wait and see.

Also I have a demo on Tradency with 5k and 6 pairs on RL2 (RL12) and I include ascreenshot of that too here. (again high risk)

And my live A/C of course.

I would like to ask a couple of questions:

Has anyone had any feedback from the developers?

Do any of you have any idea on how to improve the EA (in your opinion) In my opinion it should hedge more aggressively and open more positions on the opposite side as it goes against you.



It was v1.87, the last version they released before the official sale started. I had not restarted my mt4, so it never updated. Also....about the risk level you are running. They cap it at 3%. There is a bit of code that automatically set the risk to 3% if you enter a higher number, so using risk 21 is no different than running risk 3.

Make losses, but always come out a winner at the end.
Antny (fughe)
Nov 28 2011 at 20:55
724 โพสต์

   tradingshed posted:
   there is a different consideration which I have been thinking of.

Once a DD tolerance has been established, why not manually hedge the position? If the EA does not do it enough.

In my view, if we get a big EURUSD trend (to annihilation...) and Tom's keeps averaging down, once the tolerance is hit, open a manual hedge (in this case a short) and keep taking profits on your hedge to offset the open DD on the EA. Worse case you break even-ish waiting for Martingale to do the job.

In my particular case of last week, I was already short EURUSD in my manal trading as there was a move there. I think the markets should still be monitored daily and an eye kept open anyway.

So far I have not reached my DD limit (and hope I never will, really.)
Rubbish?

Do you automated experts think this EA has legs?


The only reasonable way to work a martingale system is to have unlimited funds. I have experimented with several martingale systems before. The thing I have seen is, even starting with 0.1 lot on $100,000, it is fairly easy to wipe out the account. I have tried systems that had steps of 100 pips between opening new positions, starting with 0.1 lot, and ending up with a blown account and positions that had open lot sizes of over 100 lots. There are time in the market where...no matter what, a martingale system cannot possibly win.......unless.....you have unlimited funds.

Make losses, but always come out a winner at the end.
tradingshed
Nov 28 2011 at 23:45
181 โพสต์

   fughe posted:
  
....They cap it at 3%. There is a bit of code that automatically set the risk to 3% if you enter a higher number, so using risk 21 is no different than running risk 3.


?? I don't get the capping at 3%. Are you suggesting that running 7 pairs each on risk level 3 (equalling to total risk level 21) is the same as running EURUSD only on risk level 3? what is it exactly that is capped?

Does anyone know what the magic number for Tom's EA is? or where to find it.

Thanks


Antny (fughe)
Nov 28 2011 at 23:47
724 โพสต์

   tradingshed posted:
   

   fughe posted:
  
....They cap it at 3%. There is a bit of code that automatically set the risk to 3% if you enter a higher number, so using risk 21 is no different than running risk 3.


?? I don't get the capping at 3%. Are you suggesting that running 7 pairs each on risk level 3 (equalling to total risk level 21) is the same as running EURUSD only on risk level 3? what is it exactly that is capped?

Does anyone know what the magic number for Tom's EA is? or where to find it.

Thanks




Ok..... I see what you are talking about now. I thought you had input '21' in to the risk setting. 😁

Make losses, but always come out a winner at the end.
craneliu
Nov 29 2011 at 02:29
248 โพสต์
no value to test this EA again.

for the blast strategy with martingal, if you want to closed trades with profit, at least you have one trade with profit. if the market go one direction for many days, all open trades with martingale will be loss, and biger and biger with the trend development. finally all open trades will touch 600pips stop loss, paper loss become real loss. OR Margin Call due to big DD of open trades. if the account have very huge capital. otherwise, could not survive.

So several months profit first, then all account will be blown.

TOMs EA use MACD, 1min/30min/1hour time frame and SMA to help select the entry point,
and adjust the profit Targe with blast method. all of these are the improvement comparing to pure martingal strategy.

but with strong trend market, your profit and initial capital will fly. only time issue, tomorrow or the day after tomorrow.

Good luck to all!

Always Risk Management First, Then Grow The Profit!
GlobalProfit
Nov 29 2011 at 07:19
60 โพสต์
Hello Everyone, this is Dustin and I though I would step in and comment on a few things. A lot of great info has been passed around on here and I think that's extremely healthy. Everyone has an opinion and its great that opinions are voiced.

I really only have two things to discuss today. First, there have been some comments about our marketing tactics and it was said that we intended to mislead people by having the EA trade at a larger risk percentage than is ideal. That is completely false and ultimately would not be a good thing for us as it would blow accounts up. In our BETA testing we discovered that in some cases the EA would trade minis instead of micros. (this is why we had a beta period) For the most part this occurred with people that were trading on accounts that did not have micros enabled i.e. mini accounts. At no time did the EA trade minis on all accounts. This was isolated and fixed as soon as it was caught. All of our marketing material said we targeted 8% to 10% a month and this account has been exceeding that however we are trading at the maximum risk level as well.

We will have two more accounts on my fxbook very soon which are trading 6 pairs each. One for the Tradency hedging and one for the Tradency Non hedging master accounts. We will be sharing these in the members area very shortly and you will be able to compare your results to those and see that you are experiencing the same thing.

Second, people have also said that we have hid the open positions in an attempt to hide the draw down of the accounts. Once again this is a false accusation. If you want to see the draw down simply look at the equity line below the balance line on the chart for this account and you can clearly see the draw down on a day by day basis.

The last thing I want is for people to think that we have any desire or need to mislead the public. That is not our desire.

That said I hope that you all do well with our software and the key as many of you have stated is to not get to aggressive. If you have any questions you can always contact our live chat from the members area as well as contact our support team via email. [email protected]

Dustin

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