No worries bentz, it looks like everything is working good on my end, even with those huge SL, the EA doesn’t go much beyond my 5.0% risk.
I have since attached my live account to my fxjunction. I switched trading systems a few times and now am running a system that never fails for me.
High risk though, with little reward, but it never fails.
(if you look at the recent trades, you’ll see I use a slight martindale approach to hedge the losers and the wins outweigh any losses, there’s also one GBPUSD trade at 0.2 lots that I didn’t mean to make at 0.2 so I closed it out at -4 loss, was meant to be 0.1 lots, meh ohwell, I have since learned my lesson to make sure the lots are correct!)
Also note, that -73 pip GBPUSD trade that was hedged by a 0.2 lot trade would have gone on to break even and the hedge would have made 200 pips profit. I closed the two out early once the second trade made more money than the first trade had lost, ending in a net profit.
If anyone wants to know this system just ask. Like I said, high risk - 350 pips SL with typically a 15-30 pip tade profit.
Anyhow, as of this writing, GBPUSD will go up by at least 75 pips, though it may go down another 100 pips before it goes up to that price level. Also EURUSD will continue it’s move up by at least 50 pips, but it may go down another 200-300 pips before it reaches the price level of 1.3402.
Only time will tell though when the move happens, but it will happen.
You have me intrigued I have never seen any sort of martingale or part martingale strategy work, would you mind sharing? Perhaps a new thread might be best so we don’t pollute this one
Hah good idea, I’ll post a link to the new thread here once it’s started.
In the meantime, both the EA and manual trading the new WW method is doing pretty good, up 12% on both accounts, +243 pips on my manual trades, and +482 on the automatic account. Again, the big difference is due to the increased number of pairs the EA is running on. Still, really impressive results to date. There’s also one trade from the EA account that is 2 weeks old and is finally in profit, yay!
Was finally able to post it. Sorry if it seems confusing, was getting frustrated with the whole not being able to post it thing and typed it out 4 times lol. If you have any questions etc ask it on that thread.
Windsor what broker do you use again, i want to stick the EA’s on it and see if my results come out like yours. Maybe the EA is broker specific (by accident) ?
Interesting - my FXOpen is about the worste performing demo account.
Guys - if you want a never fail system, I can direct you to one which I have monitored for about a year and participated in for several months. It is low risk, high reward - sorry Windsor - this works in a different way. The OP uses the acronym of ForexHard. The system is actually so simple that it is hard to get your mind around at first. ForexHard (FXH) is very intolerant of stupid questions from anyone who has not fully read and understood the information which is in the thread. Everything is there so please, if you think you have some issue, read the thread again.
Currently the trading is manual but an EA is in Beta test and expected to be released by the end of January.
The system can be traded in many different ways and thus can produce quite different results. It has a Martingale option and everything is fully controlable but again I will say it is basically so simple, it is hard for the likes of us trend traders to grasp. It is a consolidation breakout system with a difference. Rather than post a direct link, which may offend BabyPips I will tell you the thread is entitled Stairstep Breakouts (SSBO) and is at FF. There is an automatically adjusting indicator which most of us are using pending the EA. Many participants are actually not even using the indicator.
You may come across one of my posts which outlines my approach to trading the system. In simple terms, I use some seed capital, let’s say 1000 $ which I trade and compound to three times the opening balance ie 3000 $. Then I withdraw my seed capital and split the 2000 $ balance to two accounts. Now my own cash is back in the bank and I am using “free” money. One account I now trade in a reasonably safe, conservative manner, compounding profits for max gain but the other I trade on a Martingale basis which can return 3 or maybe four times the profit BUT, I will withdraw profits regularly from this account as it is well known you need bottomless pockets to endlessly double up with Martingale and may well end up losing.
I have not yet looked at Windsors new thread and I am absolutely not trying to thwart you in any way Windsor but I am sure we all have multiple trading methods and since SSBO is about to go to an EA I suggest you all add it into your arsenal.
Remember though, FXH is hard on those who don’t do their homework and ask dumb questions that are already answered in the thread.
Good luck all.
AltosT
quick question, has the problem with the StopLoss just started with version 27a? I ask because I started using different MagicNumber with 27a compared to the old Wicks ea, since it works differently, and didn’t want to “mix and match”.
Just wondering if the cross-linking could be happening because it is not filtering correctly by magic number. In other words, if you put 27a on a chart with already open trades from a previous verison of the EA, 27a will not be able to control the trades due to change in magic number.
Hi Jim - That is not the case with me. Started with 27 as I shut everything down and all new accounts for 27a in 2013. 24c and 25 running on different machine and different accounts.
I cannot get the stoploss to reproduce the same error in backtesting. Now that it’s weekend, it’s my only option. But in checking the code, I did find another error I had per Windsor’s rules.
I was filtering long/short trades by close candle above/below the 30 ema, and bullish/bearish on the “current candle” not the previous candle. Therefore, I’m sure it was opening more trades than otherwise. Whether the “net effect” will be positive or negative, can’t tell you.
But here is the corrected version for testing.
Regarding the stoploss issue, not sure how to find the issue. Have to run it during live trading again. Not sure how the numbers can get cross-linked between charts, since the code seeks to match both magic number and symbol, for calculation. Then once a trade is open, it is not supposed to change the fib lines, only trail the stop to match the lines.
If you notice the fib change on the chart, after a trade is open, then that’s a problem. but should not be happening.
Interesting, just while I’m typing this, I’m running backtest of corrected entry filter and it shows a better result. So, hopefully, everyone will get the same. That’s just on the eurusd, daily chart for 1/2012-2/2013
Damn… I don’t know what’s causing it. Probably the one I just posted will do the same then, when trading multiple charts live, come Monday. My apologies ahead of time. Will try to figure it out when live trading starts up again. Have to duplicate the problem and debug it.
I just found that the weird S/L levels appear to occur when a pending order is executed (ie. a trade happens). I just set up a bunch of charts with both 25 and 27 yesterday, and was closely monitoring them throughout the day. I found that the S/L levels that were wrong were always the S/L levels of the most recently executed order (ie. there were a couple pending orders with pending order at 119.7, and the most recent executed order was a eurjpy order with S/L of around 119.7. Then a few hours later there were a few order with a wrong S/L of 1.887, and the most recent executed order was gbpnzd with a S/L of 1.887). Not sure if this helps, but I’d figure I’d pass that information along.
thanks for the clues to the problem. So if I got this right, things were ok until another order was executed, then it sort of “backfills” the existing orders with the new number from the lastest order. Bizaar. Must be some code gremlins messing with things.
Well it helps, but still not sure how to fix it. I do have a newer version with some changes I made to attempt to fix it. Maybe you can put this one up to see if same error occurs. Consider it a “test” fix.
I’m just afraid that fixing one thing breaks another.
Apologies, the test ea had code that was deleting manual trades I was trying to make. just discovered something new. ok, try this one.
edited: after feedback the v28 test was doing a rapid fire open-close at small losses behavior, obviously, it is worse than v27, and dangerous, so I removed it pending further research.
