WSFR
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Discussion WSFR
Jan 26, 2012 at 17:29
Vues 1,128
7 Replies
forex_trader_38021
Membre depuis May 31, 2011
posts 54
Feb 02, 2012 at 14:29
(édité Feb 02, 2012 at 14:29)
wow. looking good so far on the results. :D
no sudden account blowup, or high drawback.
keep it up, rgmann. 😎
no sudden account blowup, or high drawback.
keep it up, rgmann. 😎
Feb 05, 2012 at 23:56
Yes, on this demo account I'm using the default of 10. However, that doesn't equal 10% but rather 20% if all three positions go negative, which is the worst case scenario (FxPapa can open up to three trades at one time). They said they will fix that on the next update, because it should say 20 is the default. I'm using 5 or 10% on my live account right now...
Cheers,
Roger
Cheers,
Roger
Feb 06, 2012 at 08:52
Hi brijesh,
You can't backtest FxPapa, because it has to be connected to the vendor's server in order for all customers to get the same trades as the vendor -- sort of a semi-signal service I guess. But the vendor said that they are in the process of publishing longer time-frame backtests. One thing I can say for certain at this point, is that both my demo and live accounts are taking the same exact trades as the vendor. So everything seems to be working fine at this point... 😎
Cheers,
Roger
You can't backtest FxPapa, because it has to be connected to the vendor's server in order for all customers to get the same trades as the vendor -- sort of a semi-signal service I guess. But the vendor said that they are in the process of publishing longer time-frame backtests. One thing I can say for certain at this point, is that both my demo and live accounts are taking the same exact trades as the vendor. So everything seems to be working fine at this point... 😎
Cheers,
Roger
Feb 07, 2012 at 17:13
Hi Alec,
Yes, good luck to us both! Unfortunately, the current GU sell trade is down about -100 pips, so it's not looking so hot right now. I'm using a third party trade manager EA (you can download it at https://www.donnaforex.com/forum/index.php?topic=3222.msg75356#msg75356) in order to place a fixed -150 SL, just in case I ever get disconnected from the FxPapa server. I would advise you to do the same. You'll have to use the following three magic numbers for the trade manager EA on three separate charts for each currency pair.
6340821 (EU H1 chart, GU H1 chart)
6340822 (EU H1 chart, GU H1 chart)
6340823 (EU H1 chart, GU H1 chart)
You only place the FxPapa EA on one EU H1 chart. You then open three additional EU H1 charts and three additional GU H1 charts for each magic number. That's the only way the trade manager EA will be able to set a SL for each trade. Note: You place the trade manager EA on each additional chart, and apply one of the magic numbers to each one...
I hope that helps.
Cheers,
Roger
Yes, good luck to us both! Unfortunately, the current GU sell trade is down about -100 pips, so it's not looking so hot right now. I'm using a third party trade manager EA (you can download it at https://www.donnaforex.com/forum/index.php?topic=3222.msg75356#msg75356) in order to place a fixed -150 SL, just in case I ever get disconnected from the FxPapa server. I would advise you to do the same. You'll have to use the following three magic numbers for the trade manager EA on three separate charts for each currency pair.
6340821 (EU H1 chart, GU H1 chart)
6340822 (EU H1 chart, GU H1 chart)
6340823 (EU H1 chart, GU H1 chart)
You only place the FxPapa EA on one EU H1 chart. You then open three additional EU H1 charts and three additional GU H1 charts for each magic number. That's the only way the trade manager EA will be able to set a SL for each trade. Note: You place the trade manager EA on each additional chart, and apply one of the magic numbers to each one...
I hope that helps.
Cheers,
Roger
Feb 07, 2012 at 18:18
Thanks Roger.
In fact, I didn't get those trades. As soon as I attached the EA to the chart, it immediately opened a short GBP/USD, even before I could set the risk parameter. Fortunately it went well, about 10 pips profit. It was around 12-noon. And it was the only trade, until now.
Good luck
In fact, I didn't get those trades. As soon as I attached the EA to the chart, it immediately opened a short GBP/USD, even before I could set the risk parameter. Fortunately it went well, about 10 pips profit. It was around 12-noon. And it was the only trade, until now.
Good luck
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