EA_V801_V1 (bei forex_trader_10241)
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EA_V801_V1 Diskussion
Mitglied seit Oct 28, 2009
1430 Posts
Sep 01, 2010 at 14:45
Mitglied seit Oct 28, 2009
1430 Posts
Again 20:1 risk/reward is insane.
It's bound to be right 98% of the time when it has a risk:reward profile like that.
How does it perform when you set the risk:reward to 1:1?
That's the true test of an EA in my opinion.
It's bound to be right 98% of the time when it has a risk:reward profile like that.
How does it perform when you set the risk:reward to 1:1?
That's the true test of an EA in my opinion.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Mitglied seit Jun 16, 2010
205 Posts
Mitglied seit Oct 28, 2009
1430 Posts
Sep 01, 2010 at 14:52
(bearbeitet Sep 01, 2010 at 14:53)
Mitglied seit Oct 28, 2009
1430 Posts
Just set your stop loss to the same as your take profit.
If the system loses under those circumstances then your trade entry logic is flawed and you are just relying on natural market movement and a very large stop loss to bring home a winner. Your EA might well make you some money in the long run but once you get a run of losers it will decimate your account.
I did a couple of posts about risk/reward on my blog last year.
https://stevetrade.wordpress.com/2009/10/30/the-perception-of-success/
https://stevetrade.wordpress.com/2009/10/31/the-perception-of-success-2/
I was looking at his average win/loss Soeren
If the system loses under those circumstances then your trade entry logic is flawed and you are just relying on natural market movement and a very large stop loss to bring home a winner. Your EA might well make you some money in the long run but once you get a run of losers it will decimate your account.
I did a couple of posts about risk/reward on my blog last year.
https://stevetrade.wordpress.com/2009/10/30/the-perception-of-success/
https://stevetrade.wordpress.com/2009/10/31/the-perception-of-success-2/
I was looking at his average win/loss Soeren
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Mitglied seit Oct 28, 2009
1430 Posts
Sep 01, 2010 at 15:05
Mitglied seit Oct 28, 2009
1430 Posts
That's the issue, live trading is never the same as backtests. Spreads are often higher ( what time did you generate the backtest ). Brokers mess you about etc.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Mitglied seit Oct 28, 2009
1430 Posts
Sep 01, 2010 at 15:12
Mitglied seit Oct 28, 2009
1430 Posts
Okay, not sure if you are aware but MT4 backtests take the spread at the point the backtest was started. So, if your brokers spread widens in say the Asian session this is not accounted for. It's generally not too big a problem on EurUsd as the spread on that pair doesn't tend to widen too much but it's something to be aware of.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Mitglied seit Jun 16, 2010
205 Posts
Sep 01, 2010 at 16:57
(bearbeitet Sep 01, 2010 at 16:57)
Mitglied seit Jun 16, 2010
205 Posts
I think it's very risky to bet 10% of you equity on a single trade (if you have set the starting SL to 50 pips like your TP) and 50 % (with 250 pips SL) is gambling on black or red on the roulette...
In my opinion, you should risk 2% at the most, I know you will profit less, but at least it safe!
Cheers
Soeren
In my opinion, you should risk 2% at the most, I know you will profit less, but at least it safe!
Cheers
Soeren
Always get cashback -
Mitglied seit Jun 16, 2010
205 Posts
Sep 13, 2010 at 02:21
Mitglied seit Jun 16, 2010
205 Posts
Have you considered using smaller lotsizes?
That open GBPUSD does take a lot of Equity - 'better to be safe than sorry' 😄
Even though it brings in smaller profits too.
Cheers
Soeren
P.S. Bringing in 20%-30% a month is super, no need for a massive 200%
That open GBPUSD does take a lot of Equity - 'better to be safe than sorry' 😄
Even though it brings in smaller profits too.
Cheers
Soeren
P.S. Bringing in 20%-30% a month is super, no need for a massive 200%
Always get cashback -
forex_trader_10241
Mitglied seit Apr 15, 2010
35 Posts
Mitglied seit Jun 16, 2010
205 Posts
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