Well thats hardly surprising, whatever else would you expect ?
I ran it 24/7 to figure out the stop issue and how it behaves. I am running it only between 5-7 PM on non aggressive now and so far it is overall down a few $$. Perhaps it’s just been a bad few days and things will get better in the future…we’ll have to see. The point that has me worried is that one bad day will wipe out 3-5 winning days so I don’t see how this can workout in the longrun…
PS Just to clarify I’m running this on MBT demo account at the moment and the big losers all happened in eur/jpy. I’ll stop in next week and let u guys know how it did. Would love nothing more then if this thing really does work but at this point I am not willing to throw real $$ at it.
wycked thanks for your constructive input. I have also noticed that eurjpy has been the biggest loser but I am going to let photon trade it for now because a couple of losers isn’t enough data to decide. I don’t know how mbt is but I hear photon runs best on low spread brokers. Thank you for helping clear up the stop loss issue. I am sure I said that like three times that it only appears to be 300 because of stealth mode. I guess english is a second language to some.
@simbafx
Do you believe any ea can make money?
If so what do you think is criteria for a successful ea?
Finally are you trading one live?
I think you are probably intelligent based on your other posts so I would like to see intelligent posts here as well.
Normally I don’t go for hyped up marketing and this time is no exception. I found photon it didn’t find me. I found bona fide live forward test results that showed aprox. 20% gain a month and so I have decided that while this ea is profitable I would test it too.
Am I an idiot?
Is it possible photon will work during the quiet summer months and then get killed in more volatile times? of course it is. That is the nature of ea’s. Use them while they are profitable and when they fail get rid of them. Maybe photon is garbage but I would love to hear something constructive from you.
Don’t all forex robots, eas strategies and whatever run best with lower spread?
I didn’t understand what you mean when saying such a thing.
I only meant that his results will differ do to his choice of broker. Because photon has a very low take profit every pip counts. So if you are spending more to enter a trade than it will affect your results.
Yes automated systems can make money. Even relatively simple MT based expert advisors can and do work. Most of my trading is now fully automated although I do try to trade a few sessions each week for the fun of it.
I traded a discretionary method for a few years, based on S/R and oscillator divergence, and those sorts of methods can result in very high strike rates, and very accurate entries and exits.
However, the approach that I’ve generally taken with automated strategies is very different, and they’re based far more on playing the probabilities. The edge that I’m trading is nowhere near as great as that from discretionary methods, and that tends to result in a far greater varience in returns. So, I’d probably argue that in my case at least, the main critera for a successful EA, is probably achieved through diversification. I diversify across instruments, timeframes, and system parameters. Simple position sizing results in exponential growth in the sub systems that do better than average, and logarithmic drawdown in the sub systems that fail. I’m a firm believer in the random distribution of gains and losses, and the greater the diversification, the closer you’ll get to the true expectancy.
I think the approach that your taking is quite sensible, you have to try these things, and as long as you learn something from the experience its worth taking a punt on.
I also think that its useful to set realistic expectations. I certainly dont expect to make money every day, I expect to have losing weeks, and the odd losing month, I also expect relatively high consecutive losses at times. Its much more of a statistical process, and there’s a great deal of varience in the returns, but I’m aware of boundaries, and I know the conditions in which things work well, or not so well. Those things can be difficult to establish unless you’ve had a hand in the development of the strategy, and thats possibly going to cause some psychological issues for some people.
Well I have to agree with your post. Probability is where it’s at and I also agree with the diversification Thingy as well. Having multiple instruments timeframes ets… Seems to be sensible. It even seems to be in line with what pro hedge fund traders do.
Discretionary trading is far better and I still love that. My only problem is during the day my focus is limited and waking up to catch London is so hard with 3 kids.
I would also agree with the grouped losses thing. If I flipped a coin 14 times in a row and it landed on heads every single time than what are the odds that time 15 will be tails? People would say it’s a good chance and law of average blah blah blah but the truth is it is still 50/50. That is why I try to have the best possible risk model coz those strings of losses happen and can defiantly blow up an account.
In fact photon has experienced her first losing week. Can she lose next week of course and the week after too. Our only hope is in the probability of her pulling 10 pips out of a slow and quiet market.
For now I will continue to test.
Well guys I am looking forward to a new week and hopefully a profitable one.
Last week was our first week trading Photon and it was a loss. This can and does happen. It would be crazyness to judge a robot based on a lousy couple of trades so I will continue to test without shutting any pairs off, allthough if I did I would probably get rid of e/j. Time will tell.
Photon is springing back to life. +8.48 on a 475.00 live account with 1 open trade. that is aprox 1.75%
don’t give up yet I really think Photon is going to be a decent performer over the longer term.
Do you have a live statment for your live account? after all performance on a live account what matters.
jado the first link on post 1 is a live account. I am not sure if I am going to post my live account allthough I will seriously consider it.
but in the meantime… (this is a real account)
a friend of mine said he checked this ea out and the drawdown was terrible.
maybe he has access to more data than I do but the drawdown doesn’t seem bad at all.
according to mti the worst day so far has been -2.2% and the worst ever drawdown has been -2.3% so I don’t know what your friend thinks is really bad drawdown but in my book the worst is -2.3% and that is not bad at all. I have ran robots with -15 to -20% drawdown and I have heard much worse.
In fact I got rid of blessing3 because the drawdown was to much for my taste and it was nearly 50%!!!
well as a person i am trading photon for about 2 months on demo 1 month live i bought it for 149$ and yes almost all scalping EA had badtime last week:mad:
all my profit i gained for the last 10 days were wiped off by photon.
last two days i am trading all currencies except eurjpy (photon does not trade eurchf (disabled by developer) at this moment)
with aggresive =false i am up 40 pips yes that true from a sincere trader.
i am not attached to any EA developer 
for those who take positive comments with a pinch of salt:)
i will post my results once my link restrictions are enabled:cool:
traderathome I am glad you are doing well with photon. please keep us posted.
Another profitable day so lets keep rocking photon:) 30pips and no losses so far and i am 70pips up:cool:
all trades have been closed:p
well here is proof that after a few winning trades you are going to lose badly.
blessing 3??? the martingale EA? That is a KILLER!
Hi all
I have used B3 for 3 months U/C M1 conservative settings and it gives me a good chash flow. But I agree that DD can be a hearth pain now and then, looking forward to follow yr result with this Photon
traderathome i am glad you are here to support us Photon fans!!! Photon’s losses are so low compared to her gains that it is not even a discussion for the naysayers.
First they say ow 300 pip stop loss then when we show 1 negative week out of what… 7-8 weeks they think it has failed???
Ow well they are intitled to there opinions no matter how ill informed they may be.