Thanks Robert, it’s good to know that you’re still around and that you have confidence that things should start to work themselves out. The update sounds promising, will it affect both the Breakout Hunter and the Master Scalper?
Yesterday was a disaster for both my accounts, just below BE on IBFX and about ~2% down on my OANDA account.
Hi All,
I got a quick question, why is it that the USDJPY seems to trade bigger lots than the rest of the pairs. What’s worse is that the USDJPY are losing a fair bit which usually wipes off all the profit.
Is it how the system suppose to be, or is my setting wrong somewhere?
Thanks Robert, looking forward to the new updates.
Robert, good to see that you are monitoring.
Its been a really tough 8 weeks (in my accounts anyway). I will keep running them @ 50% until we can test the new updates.
I closed all my positions for the week early as the results from the Greek Debt Swap program will be announced tomorrow, and things will probably get shaken up.
*** EDIT ***
Wish I could be right like that all the time, Euro dropped from yesterday, and my EAs were long on it. We’ll see what happens next week. Have a good weekend everyone.
Yes S1L1Kon,
Both MS and BH will have the update.
Hello Robert, I recently purchased your BH EA and am currently running it on a demo account. My concern is that even though I’ve disabled the checkbox regarding notification of DLL calls it still pops up the “Yes/No” box asking me if your EA is allowed to call DLL functions. Now I’m not always around this EA (I run it on a Windows VM and only rdesktop to it once or twice a day) and usually I’ve been coming back to it to see it waiting on me to click yes to make a trade. Did I configure something wrong?
Hello Tekknik,
Sounds like you have checked the “Ask manual confirmation” field, under Live Trading, in the Common tab or the EAs menu.
Just check “Allow like trading”, and uncheck the manual confirmation field.
If this does not do it, go to the Options tab of the MT4, and to Expert Advisors, the same menu shows up, but for the whole MT4. Check if you have that one checked, although the one for the EA should override the general one.
Ah, I had the “Confirm DLL calls” unchecked for the entire MT4 platform but not for the EA, dunno how I missed that. Thanks! It’s been running for two days and it’s up 10.6%, anxious to see how it performs over the next few weeks!
Here’s my demo account results for the week. A pretty ugly week overall, no doubt about it. I should have turned the EA’s off yesterday, but looking over the data, there were some tradeable trends to pick up and I wanted to see how the ol’ BH handled things, so I let it ride. The BH had the overall spirit of the thing right with several shorts on EUR/USD, but seemed to have trouble making good on them. Glad it’s a demo account, and if nothing else, I’m learning quite a bit analyzing the trades this tool makes.
Looking forward to the update, Robert! Thanks everyone.
Hello everyone,
This are my results on my demo,
3 weeks trading -13,3%
Next week better??
Have a fine weekend
Hi everyone,
Great thread and it seems a great bot too, though every trading system has its ups and downs.
I have a question for the cognoscenti:
if I trade manually from the same account that the robot is trading from will this affect the robots performance? I’m thinking whether the money management system of the bot will be affected if it notices weird lot sizes traded in the same currency pairs it trades. And thus be affected in some way by the results of those trades by raising or lowering the lot size.
Also on a related theme, the lot sizes the bot is currently placing are 0.08 lots for a 10k funded account on the EUR USD pair. Is this normal? I’ve been trading it live since January.
Thanks in advance for any insights.
Aris
Hi Arisk68,
If your account accepts hedging (not available for US traders) then there is no conflict at all between your manual positions and our EA trading. Certainly if you are using up some of the available margin, the lot sizes of our positions will be decreased accordingly, but that is not an issue unless you are running an account with a relatively small balance.
The size of your trades sounds about right.
Robert I have had nine losses in the past eleven trades. The two winners amounted to $3.00 and the losses $64.23. I am running the BH on EURUSD and MS on EURAUD. It’s like I’m watching my money run down the drain. At what point should I give up?
Hello Terrymcd,
While we have had losses too, since we are trading all the pairs, our action has been much better balanced.
I am not sure how you count your “trades”, since combined positions that close at the same time are part of a single trade.
I would say we had about half and half, which is not great at all, but not quite as bad as what you are describing.
The whole point of using many pairs is not to be subject to the market conditions of a single pair, which makes you more likely to have really bad runs in a row if a pairs goes nuts, like the EurUsd and the EurAud in the last couple of days.
Let’s hope the trading conditions improve in general, now that they have the Greek deal done. We’ll see.
Meanwhile I strongly suggest to use all pairs when using our system. The hedging aspect of it is one of its strongest points.
Thanks Robert, I didn’t think about opening all pairs. I will do that now and will report back on progress after a week or two.
Cheers
Hello Traders,
Just a word of appreciation to those of you with positive thoughts and suggestions. Many of you are directly responsible for some of the changes that we are implementing. Kudos.
We are working around the clock, pumping results out of 14 servers (VPS + PCs), going just as fast as we can to do all the changes we want to add to version 10.
It’s going very well, but these things take time.
We are still on schedule for around the end of the month.
We are not changing the whole strategy, but rather improving many details, to adapt to the increased volatility of the markets:
With the addition of these new functions all other parameters need to be tweaked, which is very time consuming.
The great news is that while we have reduced Drawdown substantially in all pairs, the profitability remains very high, in some cases even better than in the backtesting of the earlier versions.
So hang in there guys, we are on it.
Back to work…
Robert
It is with regret that I have finally pulled the plug on the combo.
I say regret because It is one of those that I “would love to love” if it makes sense. I like the thread, I always liked Robert’s involvement but the EA is just losing money for me. Even running @ 50% the losses are constant and sizable.
I did have a couple of good months in November/December and that fueled my enthusiasm but I am now well within the third month of abysmal performance and that is far more time I have ever given any EA.
I am perplexed as many long term records, including Robert’s and Johnny’s, seem to show overall good profitability.
I am thinking that perhaps the markets have changed their dynamics, perhaps permanently, and the EA has not yet “evolved” with the new dynamics.
Maybe there will be better times ahead, I will keep monitoring from a demo account and I will definitely test the new update which is going to be released soon.
The EA has generally more winners than losers but the stops seem to be too wide and every loss takes far too long to recover. Very often trades are well in the money, only to revert back into sizable losses.
I am not a programmer but perhaps the addition of things like moving stops to BE, trailing stops, partial exits, better filters and generally anything that can lock in profits (common things that we all use in our manual trading).
So, going to demo and will wait for better times and new update.
UPDATE
Posted this at the same time as Robert’s below. 
Robert, your post does once again give some confidence. Awaiting eagerly for the update.
I can relate to TradingShed’s feelings about the amount of loss he is experiencing. I have been experiencing the same losses. I believe that the EA is sound and that the real culprit in this is the market if you want to blame something. However, the market will do what it wants to do and it only takes one trader to negate what you are doing. If you think you know what the market will do then you are already at a loss.
Some of you will recognize some of the previous statements from Mark Douglas. I have found them to be true for me. The “Edge” are the EAs and I am allowing the EAs to run as they have been programmed to do. Although I have only been in the RED since I started my Live account in January, I have not reached my point where I will pull out and abandon the EAs.
With v10, I am hopeful some improvements will be done so as to improve the overall gain. I have seen how these EAs ran during my testing. So, I still believe in them and with Robert and his team.
Heres to tomorrow.
Happy Trading!
I’m taking a break on Forex trading until the middle of April or so, due to employment obligations. The good thing is that the new version will (hopefully) be out by then and we can go from there. Thanks for the heads-up Robert!
