Fruitful討論

open to public criticism =)

What kind of strategy are you using for your EA? Are you a developer? It's pretty cool to see someone with a leverage of 1:50, LOL.

yes it's a home brewed EA and yes I am a developer. I try to create something that makes adequate profit with reasonable risk, unlike a lot of EA's advertised on myfxbook.

Are you sharing your EA and/or looking for beta testers before selling? Have you thought about selling your signals to other signal providers?

frankly speaking i haven't thought about selling or sharing it, i certainly don't want people to lose money because of this ea. I think i'll test it for some while to decide what to do with it.

understood. That's an awesome EA you have there. I was wondering if maybe you can help me either optimize an EA and/or maybe share an idea or two to create one. Right now I've been optimizing the Blessing EA and I feel I can get better optimization out of it. In the very near future I wanna have a decent portfolio of EA's to sync together and make consistent profit. Your thoughts?

hm, sorry that i am not familiar with the blessing EA so i can't comment on it. i only know it's has a martingale built in (?). however from my experience i think it's not that hard to achieve a consistent 5% profit per month AS LONG AS you don't over-trade. most of the time people lose money not because of using a wrong EA, but because of they are too greedy.

from what i know blessing is a decent ea that should be able to achieve this goal. also certainly i am open to exchange ideas

That's awesome man. I look forward to doing so. With blessing my goal is to average about 25 to 30% monthly. Once a certain dollar amount is reached I'll make it even more conservative and or take some of the profit and start all over again.

looks fruity to me. Nice job. Now is the increased lot size from lets say ' a more precised entry' or just to recover a few pips from a small previous loss? the 25% monthly to 5% DD is fabulous. I'd like to know more.

 

Hi w633, some queries if you can indulge me.

I notice a few events where the lotsizing of the recovery positions don't seem to follow a strict formula.
1st position - 0.01
2nd position - 0.04
3rd position - 0.16
4th position - 0.64
5th position - 0.17
6th position - 0.20
7th position - 0.24
8th position - 0.29

Is the 5th position onwards triggered by a different strategy or is this in line with your money management rules?
What will the final stop out % of the initial balance be if the market does trend?
A rough calculation of the one of these larger DD events works out to be a minimum of 10%+ when the 8th position opens.
In your backtests, how sustainable is this strategy?

Are we talking about the fruitful EA or the Blessing EA?

Wow! I didn't expect it to catch the attention of the big names on myfxbook!

Actually the increased lot size is not a more precised entry but more like to recover from previous loss. I first developed this strategy and later found an interview of 'Dimitar Manov' who participated in programming contest 2010, and I surprisingly discovered the similarities. Here is the interview:

https://championship.mql5.com/2010/en/news/49

I don't try to predict the future and the secret ingredient of this EA is purely money management. Raiden is correct, MyFxBook doesn't count drawdown very well and the biggest 'dynamic drawdown' I have seen on my demo account is to be around 20% (happened during Christmas times). Because this EA is betting aggressively so one of the disadvantage of this EA is that it has to be ran with a larger deposit, which for my own standard is 5k per 0.01 starting lot. And like people always said that Martingale leads to blown account so I am fully aware of it so I do not want to release it to public unless I am completely confident with this EA.

@Raiden: your observation is right to the point, the dynamic DD of this EA can be larger than 10%, and the different lot sizing is all inline with the money management. Since the 4th entry is already 64 times the starting entry, it would be completely mad if the 5th entry is 256 times of the starting lot! Therefore after the 4th entry I try to bring down the lot size and wait for a reverse to happen.

As for backtests... I never really did any because I don't have a good data feed, the choppy data feed from MT4 always lead to blown account, if you know what I mean... I forward tested this EA for several months and decided to take a bold action, which is to trade with my own money.

There's also a stop out setting with this EA but after some initial tests I decided not to enable it, I have seen this EA survives through some 200+ pips sudden drop, and I am also very happy it survived Christmas & New Year.

Looking at the 2011-12-28 trade:


We can see that if you had started trading just prior this date, the account wouldn't have enough balance to survive a margin call.
Of course, this margin call is comparatively low at a 23.8%(1,190.23/5,000) hit to the account(due to the high margin locked-up), which can be made up for by a gain in 31.5% in a following no-loss period (3 weeks if it's about 40% a month).

It's a toss-up. If the frequency of these large DD events are low, it could be a viable system. But then again to rely on a margin call to stop out is not a good idea, it will screw with the orderhandling code when the larger loss positions get closed sequentially.

Regarding backtests, go do them. The Metaquotes data is only missing some 2010 months, everything before is intact. If you are feeling more diligent, get it from Dukascopy. It will change your mind about whether your system is workable in the long run and allows you to make improvements on your system.

thank you Raiden for your advise, i am working on getting a backtest from dukascopy data, will let everybody know how to result looks like!