I had an idea - how about a new thread, just for people to post their fxbook links ? The top post could be used to keep the links in order of success, sort of a top 10 of brokers for the Smart FX EAs ?
Would I be allowed to set this up do you think ? Or would that break moderator rules ?
tough call - i thought the EAs started to âwind downâ for the weekend, closing out positions for a small loss or break even if poss, but also noticed it leaves positions open over the weekend, which is risky in my books as there could be a huge adverse gap over the weekend.
I think Friday may be best regarded as a no-trade day, no new entries and just closing positions from earlier in the week in the best way possible perhaps?
Well, the first week I closed all open trades just before the market shut down, last week I closed just the winners, and the remaining opening trades eventually closed positive. This week Iâm just going to let them runâŚ
Itâs been a really up and down day today, started with a few losses, then a big gain, and right now itâs down again. Have to pour over my trades to see whatâs been happening. I just wish the EU and Greece would move on so the markets werenât so jitteryâŚ
No tweaking! I have been running for two months and only just got into profit - the lesson I have learnt is to have faith in the research smart FX have done in coming up with the settings and take a medium/long term viewâŚ
Here is my 2 cents (No pun intended)
The EAs do not open new trades at a time set in the settings. Open trades close as they reach their set points to close. I feel that, as an end user of these EAs and with no large experience in programming these EAs, I will trust Robert and his team and not second guess what they have developed.
If there are trades open just before the market closes on Friday, I let them run. If there is a gap against me when the next week opens, oh well. There have been times when the gap was in favor of the position I had. I enjoyed it and let the EAs do what they were built to do; open trades and manage them so as to create a net profit.
So far, I am happy with the results.
Happy Trading!
+12% so far. These eaâs are back on track as far as I am concerned. The best part is Iâm up 12+ with very conservative risk.
+12.67% this month to date! I agree Johnny, they are back on track. My Live Account is running MS/BH with out-of-the-box settings. I am still running the Demo Account that has MS/BH running on that as will since Nov. 2011. I am +17% on that! Stayed the course and did not waiver from these EAs.
Happy Trading!
I accidentally attached the myfxbook EA to all my M15 charts (saved the template w/ the EA running) and now my graph looks weird. Does anybody know a way to reset it, or should I just create a new one?
*** EDIT ***
I had to re-create the myfxbook log, so here is the new link:
The equity curve is gone now however, but opened up the trade history and Magic Number analysisâŚ
Very similar to my February so far 
these eas dont need tweaking!
@CandleSurfer - I agree and have not tweaked them. Running straight out of the box and I am happy with the results.
Happy Trading!
dont know about you but im getting tired of this damn weekend gaps! 6% lost in one day!
im going to keep closing those things on fridays.
Iâm with you there. Seems a bit like gambling and I keep losing. :31:
Yeah, there was one trade that closed early Friday, I think for a small loss, then I just shut the EAs down (on my live account). I left the demoâs running and they all turned into losers. The week before was a different story though, so itâs more a matter of personal preference like Robert said, though he also said in backtesting leaving them open was fine. My decision was mostly based on that meeting today in Europe regarding the Greek situationâŚ
Well, if you back test a gamble and win more than lose, itâs still a gamble. Iâm 0 for 2 on weekends running live, and I donât think the demo has won a weekend stay to date.
Recently I started looking closer at how this thing movesâŚ
I think the part that bothers me most is this thing never trades [I]with[/I] the trend. And if it tries, it enters so late in the trend that stochastics, TDI and even price action are already giving exit signalsâŚif itâs even that close. It relies on huge SLâs and lives in the hole until the next wave comes around, and if it survives that long, it makes a dash for the TP.
For example, while typing this I just got stopped out on UJ (I assume we all did?). Look at the H4 between today, and 2/2 or even just 2/15. If that isnât a beautiful up-trend, I donât know what is. Iâd love to hear from the SFX team as to why the EA had any business going short. :31:
That trend reminds me of Robertâs boat analogy as if it were in the final scene of The Perfect Storm. 
Yeah, I got hit with that USD/JPY short as well. Itâs currently going long on the EUR/USD, but itâs been doing that all day. Iâm not sure what the EA uses for itâs longest timeframe, perhaps Robert can shed some light on this?
*** EDIT ***
Looks like the EA was on the right side of the ECOFIN meetings (the Breakout Hunter), but Iâm curious as to why it was trading in the first place, wasnât this a major news event? Was anybody else going long on the EUR/USD when the Greek bailout package was announced?
Looks like the Greek bailout deal saved our butts on that one.
I was just scalping long and got stopped about 8min before the announcement, too!:17: Oh well, at least the EA should work out.
Hi Traders,
The Master Scalper does not follow the trend: the scalper trades during the scalping hours, when the markets are expected to be very quiet, and the price remains locked in a narrow channel. It enters short at the top of the channel and long at the bottom, expecting the reversal into the price channel.
This is one of the most important strategies in trading, time honored and tried by generations of traders in all markets.
Choosing to trade only in the direction of the trend does not work, you need to trade it both ways.
The only pair where we favor a particular direction is the EurAud, because of the large difference in the interest rates of both currencies, which favor the short side. We enter in both directions, but favor going short.
Our trending robot, on the other hand, expects a Breakout in the direction of the current trend.
On Friday trading, while it is true that we took some losses this week, last week we had four positions stay open, and all clear at profit.
The Friday closing settings are easy to find, at the end of the inputs menu. Trading over the weekend is always a bit of a gamble, and traders who wish to have a nicer weekend can change the settings and avoid trading on Fridays altogether.
I, for myself, love the gamble. It does make money in the long term, both in backtests and in forwards testing over many years. So I donât mind the anxiety of Sunday opening. Sometimes we win, sometimes we donât.
But anyone preferring a quieter weekend, just change the settings and skip Friday altogether.
Looking up the upcoming weekend events helps traders make that decision as well. This weekend was bad, with the Greek bailout talks. So I cannot blame anyone for skipping this one.
Ok, after I trashed the myfxbook link to my real account, I finally got it sorted out. This should be the last time I have to change it⌠Just a reminder, that this is a Real account with IBFX.
thanks for the sharing with IBFX broker. I have the interest to follow and monitor.