Toms EA-Risk=2, Testing started 02/28/2013 (By Anubis)
The user has deleted this system.
Toms EA-Risk=2, Testing started 02/28/2013 Discussion
Feb 28, 2013 at 19:58
550 Views
1 Replies
Feb 28, 2013 at 21:01
Funny. when I see a system like "Toms EA crash", and the leverage is 1:500, it's like, "Gee--I wonder why!?!" Here's some tips on running this EA succesfully: The minimum funding for this EA is $750. Thats in the manual. Although leverage is not discussed in the manual, I don't know why anyone would leverage 1:500. Seriously? Also, the acct must be a MICRO acct. trading 0.01 lots. If your going to spend the time studying an EA, set it up on demo, as though setting it up on real, and use the same broker that your real acct is on, as this EA will act differently on different brokers. This acct is set up exactly as I would a live acct. Leverage=1:100, funding=750, risk=2. I've tested this EA on several demo accts, and it works just fine. I'm also testing it on a lower $500 acct, to see how it handles lower funding. A basket of negative positions is normal for this EA. I've seen 10 to 20% of the funds deposited being used on a basket. It holds the negative ones, while taking the positive profits, so funding is CRITICAL to avoid margin calls. It is not a Martingale per se, as it normally does not increase lot sizes by 1. However, I have seen it open a sell position with 0.01, and then buy at 0.03. There is alot of negative on the net about this EA, but at this point, I have not had a problem with it. I guess only time will tell.
"Risk means more things can happen than will happen."
forex_trader_72918
Member Since Apr 09, 2012
93 posts
Feb 28, 2013 at 21:16
(edited Feb 28, 2013 at 21:17)
Anubis posted:
Funny. when I see a system like "Toms EA crash", and the leverage is 1:500, it's like, "Gee--I wonder why!?!" Here's some tips on running this EA succesfully: The minimum funding for this EA is $750. Thats in the manual. Although leverage is not discussed in the manual, I don't know why anyone would leverage 1:500. Seriously? Also, the acct must be a MICRO acct. trading 0.01 lots. If your going to spend the time studying an EA, set it up on demo, as though setting it up on real, and use the same broker that your real acct is on, as this EA will act differently on different brokers. This acct is set up exactly as I would a live acct. Leverage=1:100, funding=750, risk=2. I've tested this EA on several demo accts, and it works just fine. I'm also testing it on a lower $500 acct, to see how it handles lower funding. A basket of negative positions is normal for this EA. I've seen 10 to 20% of the funds deposited being used on a basket. It holds the negative ones, while taking the positive profits, so funding is CRITICAL to avoid margin calls. It is not a Martingale per se, as it normally does not increase lot sizes by 1. However, I have seen it open a sell position with 0.01, and then buy at 0.03. There is alot of negative on the net about this EA, but at this point, I have not had a problem with it. I guess only time will tell.
if strategy require leverage of big maxlots it use martingaile i think
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
