Tom'sEa WPFX LIVE讨论

Fughe,

I don't think you can quantify risk like that here as there is no stop loss to speak of.
Bottom line for me is that I cannot trade any smaller than a microlot and the nearest stop is 600 pips away.... Nothing we can do about either.

If one increase lot sizes any less during the sequence it wil not recover so there are not many options to manage risk using lot size, % increases and stops.

One can use other tools to manage risk though, like max DD tollerance and close outs, deactivate the EA when it gets too much, diversify, keep lower risk levels and make sure there is enough capital in there so risk is kept within reasonable guidelines.

I honestly do not think you can de-risk Tom's EA from its current form.

If one is really so risk adverse, I am sure that by trading only EURGBP on RL1 with 4/5k account, one will never go bust and will have wonderful sleep at night :-) But, might not make much money either.

Bear in mind I am not a programmer though and I have never developed an EA, I see it from manual trading perspective.

Cheers

   drsong123 posted:
....Remember, TomEA is one of rare profitable methods to trade range bound market that happen 60-80% of time. It should not be the only trading technique for your portfolio......

For me, this really describes what Tom's is and how to use it. In one sentence!
Don't need anything else, really, but this sentence.

...oh dear.....

https://www.marketwatch.com/story/fed-pushes-out-low-rate-pledge-to-late-2014-2012-01-25-1231550?link=MW_pulse

Thanks Bernanke 😲

I have no insight knowledge about why those forex brokers refuse to link TomEa. but I will not be surprised to hear that martingale technique is too risk for their risk managment. As to matter of fact, martingale technique makes those brokers' stinky tactics, like stop running and spiking spread in order to wipe out your account, completely ineffective. that's why they hate TomEa. but it means to me TomEa is most safe trading method around. I don't read any news. based on my reading on COT data, commercial is selling on sp index, gold and euro and all commodity. only small investors hold record high long position. it spells perfect setup for large downside move ahead.
ss

   drsong123 posted:
   I have no insight knowledge about why those forex brokers refuse to link TomEa. but I will not be surprised to hear that martingale technique is too risk for their risk managment.

Can you expand on that? Have you encountered any problems using Tom's EA with any broker? I would be surprised if you did! Such a slow moving affair! Hardly an Asian session scalper or an MDP!

   drsong123 posted:
I don't read any news. based on my reading on COT data, commercial is selling on sp index, gold and euro and all commodity. only small investors hold record high long position. it spells perfect setup for large downside move ahead.
ss

I agree, but.....damn Bernanke....sooo close!

DDs will get bigger, memories of EURJPY come to mind.....

It is a pretty standard calculation that I have seen in a lot of EAs to calculate risk. Quick question.....who has an initial opening size larger than 0.01, and what is your risk level and account equity? That will allow me to accurately calculate how they are figuring it and know for sure if i am right.

Fughe,

on my demo I now have 20k, RL2 and it starts @ 0.04

   tradingshed posted:
  

Can you expand on that? Have you encountered any problems using Tom's EA with any broker? I would be surprised if you did! Such a slow moving affair! Hardly an Asian session scalper or an MDP!

I had Toms on Askobid last month but removed it in error when we upgraded, and have not been able to reinstall it, eiither on my live account or on a new demo. Consequently I am stuck with a large sell position that I can't hedge with Tom. It instals fine on 5 other brokers I use and will instal on any other new demos I try.

Go out for a couple of hours and all hell breaks loose!

We were so close and my DD today as gone from it's lowest 7% back upto 35%, what a day.

Heres praying and fingers /legs crossed again.

Hi, Fughe
please take look one of my experiment from following link, which I setup a mini account, starting 0.15 lot. in several days, margin call results in 47% actual loss. I used eurusd and gbpusd with rl3 initially. I manually closed one largest loss position before margin call and lower the rl to 1. very interesting execise.
https://www.myfxbook.com/members/drsong123/vps-fxdd-demo-tomea-mini/224569/IsWQeKWJfX5FGNKlQ9tY
ss

Hi, tradingshed
my post is referring to one of previous post here regarding only fxcm, fxdd, and wpfx accepting tom ea now.

   tradingshed posted:
   Fughe,

on my demo I now have 20k, RL2 and it starts @ 0.04

Alright, from those calculations, either they are using (AccountEquity*RiskPercentage)/1,000,000 or they are using my original guess, but adding in a 10x multiplier later in the calculation. I know, it sounds stupid, but it has it's uses for doing it that way.

So, with that info, we will just assume the calculation is bassed on a 1mil diviso instead of 10mil.
So you can accurately calculate the expected lot size for an account equity based on the risk.

$1000 using risk 1 gives 0.001 lot or one nano lot. Great if you have a US based account with 50:1 leverage. That would be just like having a normal account with $1000, but only having access to micro lots. I say that because I know some US brokers allow nanolots.

So, if you have access to microlots......and you have a $1000 and change the risk to 3......the lot size would be....0.003 or...0.01lot since it will default to the smallest lot size. So, technically, if you don't have access to nano lots, then on a $1000 account, your minimum risk is actually 10%.

   drsong123 posted:
   Hi, Fughe
please take look one of my experiment from following link, which I setup a mini account, starting 0.15 lot. in several days, margin call results in 47% actual loss. I used eurusd and gbpusd with rl3 initially. I manually closed one largest loss position before margin call and lower the rl to 1. very interesting execise.
https://www.myfxbook.com/members/drsong123/vps-fxdd-demo-tomea-mini/224569/IsWQeKWJfX5FGNKlQ9tY
ss

Yeah, that is due to the leverage of 50:1 for your account. I was mainly referring to overseas accounts which often allow margin levels of 500:1. You get get stopped out on 500:1 and your account is virtually gone.

   drsong123 posted:
   Hi, Fughe
please take look one of my experiment from following link, which I setup a mini account, starting 0.15 lot. in several days, margin call results in 47% actual loss. I used eurusd and gbpusd with rl3 initially. I manually closed one largest loss position before margin call and lower the rl to 1. very interesting execise.
https://www.myfxbook.com/members/drsong123/vps-fxdd-demo-tomea-mini/224569/IsWQeKWJfX5FGNKlQ9tY
ss

I seem to recall that they recommended trading minilots only with 100k plus accounts?
In your experiment you are trading a mixture of microlots and minilots on a $5k account. With RL3?

Far too risky no? Did I understand right? Sorry, I missed the purpose of the exercise?

   tradingshed posted:
   

   drsong123 posted:
   Hi, Fughe
please take look one of my experiment from following link, which I setup a mini account, starting 0.15 lot. in several days, margin call results in 47% actual loss. I used eurusd and gbpusd with rl3 initially. I manually closed one largest loss position before margin call and lower the rl to 1. very interesting execise.
https://www.myfxbook.com/members/drsong123/vps-fxdd-demo-tomea-mini/224569/IsWQeKWJfX5FGNKlQ9tY
ss

I seem to recall that they recommended trading minilots only with 100k plud accounts?
In your experiment you are trading a mixture of microlots and minilots on a $5k account. With RL3?

Far too risky no? Did I understand right? Sorry, I missed the purpose of the exercise?

I gotta say, I am a bit curious too. i looked through the trades taken and there is definitely something wrong with the lot sizing.

So, who is sweatin' this hardcore uptrend on the EURUSD now?

Tradingshed, Ivan, Fughe

Yes I'm sweating; current figures

Bal 2149 Equity 1426 margin 121 Free margin 1306 margin level 1172%

Both eur usd and gbp usd have trades open at .12 in draw down, what im trying to work out, when the trades at .15 open what my margn level will be and what do i need to look for.
Normally take my trading in my stride but I have never had a 40% DD before and to be honest I didnt expect it be this large but that is my naivety.

   chrissav posted:
   Tradingshed, Ivan, Fughe

Yes I'm sweating; current figures

Bal 2149 Equity 1426 margin 121 Free margin 1306 margin level 1172%

Both eur usd and gbp usd have trades open at .12 in draw down, what im trying to work out, when the trades at .15 open what my margn level will be and what do i need to look for.
Normally take my trading in my stride but I have never had a 40% DD before and to be honest I didnt expect it be this large but that is my naivety.

First....what is you account leverage?

1:500 Settings eur usd 2 and gbp usd 1 account in sterling