Real test with real account of 3 robots - MD - MDP - WSFR

[mendonca]

thank you mendonca! i wanted to know which amount of money MD traded (live account). the pips are astounding. now i have to understand how to modify money management to maximize the profits.D

I believe MD trades from the minimum lot size supported by your broker up to the maximum lot size.
The minimum lot supported by my broker is 0.1 and then is the risk and margin available that automatically determine the size of the order.

holy cow, its possible to become very wealthy with forex!!!! YESSSSSSSS!!!!!!!!!

but also very poor...

[mrql]

yes, thats true.

to make it clear; how much $ you've traded with MD live? 500? 2,000? it was a live test and i would like to know what i need to transfer to the account for a valuable test, before sending 25,000 you see??

[mendonca]

I traded with $2.000 just to know what to do next.
You can trade with whatever you feel comfortable.
MD does not make many moves and you must be patient.
My advice for MD is to start with a 0.5 risk (50%) with at least $2000 ($5000 is preferable) and when you feel confident raise the risk and/or the investment or... just let it go...
The smaller the account, the worst, because even a small drawdawn affects significantly your re-entry order size in the next move.
One thing is sure (at least for me...): stick to the plan and don't change it even if if you have the bad luck of a drawdawn in the first move.
Let the robot work. I did that with all the robots in the test precisely to understand how did they manage on their own without surveillance. I let them do all the stupid things they wanted to do just to prove to myself that most of them are not clever at all. That's what they're supposed to be designed for... isn't it?
I want the robot to babysit my money and I don't want to babysit the robot.
At the end of the day I just want to go to my account and collect the profit, not tweak and caress the robot!

[mendonca]

Hi mendonca thanks for all the effort.
I was about to buy mdp and ffm - changed my mind after reading your report.
Do you have any experience with forex gale or myfxduplicate?
Brit's ea review shows very positive returns.
As for me i am going in for md.
Thanks
Devendra

I'm done with the EAs testing thing.
Now I'm going to credit my account with some money and let MD run at a 80% risk and MDP at 2% risk and wait...
The risk is big but the reward is proportional.

[Joaoves]

Big risk, but you know how to do things. I bougth the MD and next week it starts working on a demo to show what it is capable. I hope you can get better results this time.

[mrql]

well, when i set the risk at 80%, is MD going in with 8K (from 10K account)? i mean, if the robot is wrong, i loose 8K in no time?

[willgart]

well, when i set the risk at 80%, is MD going in with 8K (from 10K account)? i mean, if the robot is wrong, i loose 8K in no time?

lol...

never set a risk higher than 3% in any EA. except if you are ready to lost your capital quickly.
80% of risk is per trade, MDP can open 8 trades simultaneously (by default)... so the EA will not be able to open more than 1 trade with 80%.
also your broker must support opening a big trade...

finally the risk is based on the lost part... if you lost the trade, you lost 80% of your account.

the good trade of this week with 2% of risk has produced 8% of profit... so with 80% of risk, the same trade could produce 320% of profit...
the entire good wave produces 30% for some accounts... again with 2%...
but if you take a closer look, you'll see a first loosing trade followed by a good one, at 80% of risk, you'll first lost 80% of the account (so you'll have 2K$), then you'll win 320% (6.4k$)...
so you'll lost...

another point, higher the lot size is, slower the execution is, more risk you'll have...
good luck!

[mendonca]

well, when i set the risk at 80%, is MD going in with 8K (from 10K account)? i mean, if the robot is wrong, i loose 8K in no time?

I love the risk but I'm not crazy!!

First things first:

80% in MD (risk = 0.8) means it enters an order that will consume 80% of the margin.
Example:
Margin available: $10.000
Leverage: 1:100
0.1 lots of EURUSD consumes $100 of margin so MD will open a 8 lots order to consume 80% of the margin (it's important to say that 8 lots of EURUSD are the equivalent to 800.000 USD). If the order hits the s/l at 50 pips distance you'll loose $3000.

But the risk in MDP is calculated in a different mode and has nothing to do with the MD mode.
Example:
Margin available: $10.000
Leverage: 1:100
NumOrdersLevel = 4
With a risk of 2.5% the first order will be a 1.8 lots and the next 3 would be much smaller because the margin is reduced each time you open a new order.

But if the investment is $10.000 I would put the risk of MD at around 0.2 or 0.3 (max) to start and once you have your investment out I would go to more risky values.

What I'm doing is a bit different.
Imagine I have $10.000 to invest.
Instead of load my account with one single shot of $10.000 I'd feed it slowly and ONLY if needed.

Example:
I'm going to use MDP at 3 to 5% and MD at 80%.
I use them both because they trade at absolutely different times of the day and never cross orders, what makes available the full margin to each entry of each robot.
I'll load the account with an initial value of $2.500 (25% of the money I have available to invest) what leaves me with $7.500 free and out of the business for now and with zero risk.
And the robots will use the available margin to the max. No money is parked.
I trust MD and give him full throttle but I do not trust that much MDP (but I think it has potential) and I just let him play a bit.
If in the first moves they start to make money they automatically open bigger orders each time (because the available margin rises) and I'd wait until the margin reaches $5.000. After that I would remove from the playground all the money above $5.000.
But if I have the bad luck of lose money in the first move or if the available margin goes below $2.000 I still have $7.500 in the closet to restart a few times.

What I trust and I tried to prove myself with my test is that MD is a systematic winner and even it it loses once it will not lose in the next few times. But is that is going to happen in the future? Who knows? If I knew I wouldn't certainly not be here writing this stuff. I would be at Seychelles enjoying the sun!

[mendonca]

Big risk, but you know how to do things. I bougth the MD and next week it starts working on a demo to show what it is capable. I hope you can get better results this time.

I'll keep you posted!

[PaladinFX]

If I knew I wouldn't certainly not be here writing this stuff. I would be at Seychelles enjoying the sun!

Or at the very least you'd be typing this (one-handedly, because your other hand would hold a tropical coc.ktail) sitting at the beach, with a notebook on your knees.


O.


Edit/P.S.: lmao, I had to edit the post, because the forum engine censored the word 'c o c k t a i l' ... funny forum.