Some do know me a bit since I am at bp for a couple of weeks. For all others just to write a bit who I am:
A forex newbie since a year or so. Trading almost live with real money. Currently in 50% profit zone of my main account.
I traded by hand and I decided that my computer should rather be the slave of me than I should be the slave of my computer. That’s why I coded some EAs. Two of them are running live and gave the profit which I mentioned above within 3 months. Both EAs are profitable so far and they are over the hill. That means, I can not lose anymore. Worst case would be break even, because then I would switch an EA off.
Now, there is this contest on the website of Alpari UK. I joined there and will use my scalping EA just for fun. I will post here all trades it will make.
If anybody else joins this contest he is invited to post the results here also. I wish all of you good luck!
Okay, I am organized am I? So I will keep in this first post my weekly losses ehm huge gains updated. I mean, I will keep updated the account balance. My account was already filled by Alpari with $100000.00 which I will transfer to my bank account soon. Are they cute? Nah, its just demo money.
Nothing! I just do it for fun. My particular EA what I will use is a bit market moody. If the market works good for “him”, then it may come out in one month like the first report below shows. If it is not a good market condition for the EA, it might come out like the second report. So, it’s more based upon luck than anything else. Depending of how the market is in November.
The first report shows a small 400% roi in one month. The second report makes an even smaller 3%, just another month.
Just to mention that: This EA was, is and will never be on sale!
Lol, they have some more prizes, but I would be very happy with those 200. It’s just for fun and 200 would at least cover some losses. I let my bot trade, so it’s no work for me anyways.
hey Bucks hows the automatey trades going lol?? good i hope. Since you seem to be a good programmer etc am sure maths and numbers must come easy to you, so can you tell me how i can work out how much percantage i have gained or lost??
ie: say i start on £600 and now stand at £1450, how do i work out what percantage increase that is (as in the formula to work it out), Thanks
Okay, I have added a balance sheet now to my first post here. I will keep that updated every week.
I installed a second MT4 with my EA, checked the contest account, did some testing. Spread is lower than with their mini/micro accounts, it seems they use the ECN price feed. Then I did a backtest, tried the maximum leverage and had unfortunately to shrink the lotsize a bit that there is no margin error. That’s it. Now I will wait until Sunday and then I will power up that contest metatrader with that automatic running contest EA.
hey i did the calucation on Excel but how do i get it to show as a %?? if u look at the screenshot when i try change it the figure shows as 4285% ??? eh?
If you format that in Excel as percent, then it is like it says: per cent (100). To get the right number you just may divide it by 100 then which gives you the right number.
This *100 at the above formula is without percentage formatting. If you would let that go, the result with percentage formatting would be 1.42xx or 142.xx percent.
ok thanks, how did ur week go trading wise this week?? i bagged 169 as of yesterday and as it was non-farms today chilled out and took my gain and ran lol.
Yeah, my weak ehm week started weak. 2 days no trades. Then so so. Today it made 7 trades. Down and up and down and up and down aaaaaaaaaaaaaand finally up! My second bot likes to trade with the sharks. So, that was a nice day today. But only a few pips. I have two bots. One bites chunks of 20% roi or so out of the market, but only after a few weeks a new trade. He is lurking like a sniper and then if he sees something with a 90% and higher probability: Baboom, big profit. No trade today. Last week it made a small loss. But not really important. A few percents.
My other bot, the scalper, makes only little every day. Little loss and little profit. 3-4 trades a day on average. However, both EAs so far in profit zone. They will make the big money via compounding. What you asked for to calculate they do it every tick. So, the lot size is optimal with every trade regarding risk and compounding. I just have to watch and write stupid stuff at bp, lol. No, seriously, I will produce more bots when I have more the mind doing it.
yeh thanks, i only trade an hour a day but the hour i do ‘always’ seems to move, and in the right direction, actually i’d have to get my spreadsheet out to check the last week i made a loss so it;s going finally really good!
My next step(s) now are whether to decide (a) i trade all day and like your bot that follows the market, every hour i check my trade and amend the STOP, but then am thinking why bother with all that headache and stress when i seem to be doing ok trading an hour? ok it;s not 100’s which i can gain as my strategy shows i can make easy 500 pips per week on average, but thats hindsight, easy to look at the highest figures ‘afterwards’ but sometimes when i have decided to keep my trade open a few hours longer, like yesterday i got over 100pips, but if i had held on another one or two hours would have been even higher. But how the hell do u know when to get out? u don;t do u?
So that leads to the next step (b), do i stick with trading the hour only per day and just up the amount i trade ie: £1 per pip, to 2,3 or 4??
decisions decisions!!! anyway am about to finish work then gotta go catch a train that gonna take 2hrs to get home! :mad: ah well have a grt weekend and catch u next time.
Hmm, my decisions are all coded into the bots. The only decision I have to do is to switch them off or let them run, lol.
Anyways, this decision is easy: If they penetrate the maximum drawdown line, they will become cast scrap. Probably they are fearful, so they do work. Don’t say I have a slavery at work.
The decisions of the trades are all made before the order goes to my broker. Stop loss, target, even modifying the trade with a new tighter stop loss and so on, risk calculation, whatever I thought it’s nice … Well, in one EA I use trailing stops, so that the target is made by the market. I let the market decide.
Regarding your trades, imho you have only three choices: A fixed target or a trailer or a closed trade depending on market. The main reason to use a fixed target in that other bot is a connection issue. If you have a connection issue, you can’t update a trailer. So, a fixed target is better for that scenario. That’s why I choosed that for one EA. I can change that with settings, though.
Regarding pips: Most ppl seem to look at pips and not roi. For me pips are completely irrelevant. If I make 100 bucks with 10 lots and 1 pip or 100 bucks with 0.1 lot and 100 pips, what’s the difference? I save time and risk! My setup is more valid after a short time than a long time. Open trades are risk exposure and the longer your trade is open the higher your risk exposure will be.
ok Bucks i signed up to that Alpari contest so here we goooo!
BUT! i forsee problems :mad: (1) u gotta download the platform so not a web-based browser so not gonna be able to trade all day, only before or after work grrrr
(2) how the hell do a do a trade on here!!! :mad:??? i stuck a screenshot: i did a right-click on EUR/USD (as example) and then new order and another screen pop ups but it says USDCHF? and where it says symbol i click on it and nothing appears??? eh?
so how do i (a) pick my pairs so they stay on the screen everytime i logon and (b) how do i do a trade?? i don;t wanna do a ‘Order’ as thats usually when a certain price is hit isn’t it? i just wanna click on it and do a BUY/SELL then close it later?? (oh and how do i insert a STOP).
Ordering now is not possible, as the contest didn’t start yet. I see your pic is a mt4. If the contest will be started I expect it should work as a standard mt4 platform.
PS: Did you login to this contest account? Then you should also have 100k account balance. Don’t use that on their demo accounts. They have a contest account for this to log in. If that contest server is not popping up while login, key in their mentioned ip address. Then thereafter the contest servers should be listed in the right corner of the status line if you click there. Look for tc in there.
yeh Bucks i logged into the contest site using one of the 3 IP addresses i was sent so now am seeing same as your screenshot ie: the 100k and the servers.
So contest starts tomorrow Nov 7th, how do i pick a pair and do a trade? i’ve never used a MT4 or MetaTrader platform??
Thats easy. Double click on a pair or right click on pair or in chart or F9. Not just now! It’s not possible as the contest didn’t start, yet. Try it tomorrow or try demo first.
If your pair is not visible in market watch, you may right click and then symbols. Then you may tick more pairs.
updated. I mean, I will keep updated the account balance. My account was already filled by Alpari with $100000.00 which I will transfer to my bank account soon. Are they cute? Nah, its just demo money. 
