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New EA BENEFIT EA

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belajartrading said:
Today's trading is not bad, I had +$100 closed profit with -$99 floating, which equal to 2% DD only.
View attachment 18860 View attachment 18861
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I do not consider this good either. Practically you had no profit, with that floating,
And the DD in only 2% as you are saying cause you have 5k balance. But i doubt that everyone has the same balance with you :)

Last night it was at 170 profit with -140 floating, which is bad.
The way this system works, if the market doesnt go back to the same direction again to close all open positions, they will stay open for ever.
And the starting lot will be higher than the desired one, since it opens with exponent from the last losing one, over and over again.

Its definitely not an EA for small unsupervised accounts.
This comes after one whole week of live testing, running it on M15 time frame.
Behavior in other time frames can be different, but i have not tried any other so far.
 
fxillions said:
I do not consider this good either. Practically you had no profit, with that floating,
And the DD in only 2% as you are saying cause you have 5k balance. But i doubt that everyone has the same balance with you :)

Last night it was at 170 profit with -140 floating, which is bad.
The way this system works, if the market doesnt go back to the same direction again to close all open positions, they will stay open for ever.
And the starting lot will be higher than the desired one, since it opens with exponent from the last losing one, over and over again.

Its definitely not an EA for small unsupervised accounts.
This comes after one whole week of live testing, running it on M15 time frame.
Behavior in other time frames can be different, but i have not tried any other so far.
Click to expand...

Well, I have to disagree with you, yes I still has -$130 floating right now, but considering I have booked $800++ in just a week, I cannot say its bad ;-)

What I've learned is that the EA has a risk reduction system, which closed only partial position, I don't mind with that, as this is a hedging technique, it will open the opposite direction in the next cycle (day), and when the market move in whatever direction, it neutralized each other.

I started this real account with only $50 (5k cent) running on 5 pairs at the same time, and the DD is still controable, even in FOMC like yesterday or Japanese Day like today, so YES it is intended for small account, you can run the EA with only $10-$20 (1k - 2k cent) for one pair.

SC attached.
Screenshot_2016-04-28-18-35-44.png Screenshot_2016-04-28-18-35-59.png
 
belajartrading said:
Well, I have to disagree with you, yes I still has -$130 floating right now, but considering I have booked $800++ in just a week, I cannot say its bad ;-)

What I've learned is that the EA has a risk reduction system, which closed only partial position, I don't mind with that, as this is a hedging technique, it will open the opposite direction in the next cycle (day), and when the market move in whatever direction, it neutralized each other.

I started this real account with only $50 (5k cent) running on 5 pairs at the same time, and the DD is still controable, even in FOMC like yesterday or Japanese Day like today, so YES it is intended for small account, you can run the EA with only $10-$20 (1k - 2k cent) for one pair.

SC attached.
View attachment 18889 View attachment 18890
Click to expand...
Which 5 pairs? I have USDJPY, EURJPY AND USDCAD in demo. Which are the other two?

Thanks in advanced
 
I thought you had a normal account and not a cent one. Your overall profit can be considered good with the floating you have now.
But for me running it in only one pair for a bit more than week with 206 profit at the moment and -121 floating is not good.
I have multiple positions of 0.01 lot losing more than 10 euro each. If i wait for the EA to close these in profit, it can take ages :)
If the lot exponent was working with basket TP i believe all these trades would have closed. The profit would have been less, but i would have floating.

Since yesterday it is opening Sell positions with 0.05 lots. That is why it is still in profit.
Cause when the 0.05 makes a profit, it closes it down leaving all other positions open.
But if the market goes up again i will get stuck with the 0.05 open too.... :)

-130 floating now...
 
I have added now two more currencies, and changed the time frame to M1, to see if it will behave better,
or if it will close the open positions from 25th of the month :)
 
fxillions said:
I have added now two more currencies, and changed the time frame to M1, to see if it will behave better,
or if it will close the open positions from 25th of the month :)
Click to expand...
I think we should change the lot exponent to 1.6-1.8, seller account looks stable with default 1.8x
 
I dont see what good this change will do.
Since it doesnt use basket to close all positions, there is no point to it i believe,
It will just make things worst.
Right now i have a profit of 379 and a floating of -650.
And it is logic with the way this one works, and no Stop Loss.
I consider this floating huge and a disaster if i may add, when i am trading for a week
with a starting lot of 0.01 !!!

There is no protection with this EA when the market is trending and has open opposite positions.

I do not know if this is your EA or not, but a solution to it might be adding Basket to close all open
positions of one direction when the martingale starts.

I bet that you have open sell positions too, since you are running it on EURUSD.
How much is your floating today?
 
fxillions said:
I dont see what good this change will do.
Since it doesnt use basket to close all positions, there is no point to it i believe,
It will just make things worst.
Right now i have a profit of 379 and a floating of -650.
And it is logic with the way this one works, and no Stop Loss.
I consider this floating huge and a disaster if i may add, when i am trading for a week
with a starting lot of 0.01 !!!

There is no protection with this EA when the market is trending and has open opposite positions.

I do not know if this is your EA or not, but a solution to it might be adding Basket to close all open
positions of one direction when the martingale starts.

I bet that you have open sell positions too, since you are running it on EURUSD.
How much is your floating today?
Click to expand...

I ran EURGBP not EURUSD
my floating around 180 with net profit (profit-floating) around 650++

Screenshot_2016-04-30-04-29-44.png
 
fxillions said:
I dont see what good this change will do.
Since it doesnt use basket to close all positions, there is no point to it i believe,
It will just make things worst.
Right now i have a profit of 379 and a floating of -650.
And it is logic with the way this one works, and no Stop Loss.
I consider this floating huge and a disaster if i may add, when i am trading for a week
with a starting lot of 0.01 !!!

There is no protection with this EA when the market is trending and has open opposite positions.

I do not know if this is your EA or not, but a solution to it might be adding Basket to close all open
positions of one direction when the martingale starts.

I bet that you have open sell positions too, since you are running it on EURUSD.
How much is your floating today?
Click to expand...

Today, closed +159, floating -119
Still looks good to me
 
belajartrading said:
Today, closed +159, floating -119
Still looks good to me
Click to expand...

It doesnt look good to me.

I had 421 profit and -1000 floating with previous currencies and setup.
So i stopped the testing there.

I saw that you said, you are using it on EURGBP, so i thought to give it a go there.
I am running it on M1 and so far it has a profit of 21 and the floating was at -80 at some point.
Now it is -44.
I dont know what setup you are using, but all the ones i have tried so far, have failed...
 
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