Costa Rica (By forex_trader_1525)
The user has deleted this system.
Costa Rica Discussion
Mar 12, 2010 at 13:39
851 Views
4 Replies
forex_trader_5776
Member Since Jan 17, 2010
140 posts
Apr 29, 2010 at 17:28
Love the name of the system
forex_trader_1525
Member Since Oct 08, 2009
2 posts
Apr 30, 2010 at 02:17
Thanks. I love the results of your systems. :)
Member Since Apr 20, 2010
814 posts
Apr 30, 2010 at 02:32
Look like gid trading. Are the EA fully auto ?
Or you have to manually change side when trend is other way ?
Or you have to manually change side when trend is other way ?
Information is Gold when come to organised.
forex_trader_1525
Member Since Oct 08, 2009
2 posts
May 02, 2010 at 00:35
(edited May 02, 2010 at 00:37)
😉 Hello all
I am answering MyLoveEA and DoubleTrap comments:
In the start of the real account, I was trade another robot, so the 19% drawdown you see in the start is actually caused by another robot. I started to use the “Costa Rica” system on March 8, 2010. If you review the history statement, you can see the since that date, the account trades 2-5 times / week, instead of 20-40 times / week it traded before.
Please see the demo account of the same system, https://www.myfxbook.com/portfolio/costa-rica-demo/28821 . It has maximum drawdown of 8%.
As I have a lot of confident in this robot, I trade the real account in 2X-3X higher risk than the demo account, so the real account would probably growth faster. A user can trade the risk he tolerates by edit de lot size or the money management values.
It is not a mixed system. It is automated. Positions are opened only by the “Costa Rica” robot. However, in the real account, I sometimes close the positions manually. (But I’ll do it less in the future, as it is actually reduce my profit)
It is not a grid trading. I think this EA is safer relatively to other robots. It open positions with 20 pips TP and 26-29 pips SL, so it needs rate of 3 wining trades for every 2 losing trades to be profitable. It achieves much better winning rate. It trades only 2-5 times / week, so even if has a losing week, it’ll not blow up your account.
The robot is set all the time to “long and short”, and chooses the direction to trade. I am never limiting him to one direction.
I am answering MyLoveEA and DoubleTrap comments:
In the start of the real account, I was trade another robot, so the 19% drawdown you see in the start is actually caused by another robot. I started to use the “Costa Rica” system on March 8, 2010. If you review the history statement, you can see the since that date, the account trades 2-5 times / week, instead of 20-40 times / week it traded before.
Please see the demo account of the same system, https://www.myfxbook.com/portfolio/costa-rica-demo/28821 . It has maximum drawdown of 8%.
As I have a lot of confident in this robot, I trade the real account in 2X-3X higher risk than the demo account, so the real account would probably growth faster. A user can trade the risk he tolerates by edit de lot size or the money management values.
It is not a mixed system. It is automated. Positions are opened only by the “Costa Rica” robot. However, in the real account, I sometimes close the positions manually. (But I’ll do it less in the future, as it is actually reduce my profit)
It is not a grid trading. I think this EA is safer relatively to other robots. It open positions with 20 pips TP and 26-29 pips SL, so it needs rate of 3 wining trades for every 2 losing trades to be profitable. It achieves much better winning rate. It trades only 2-5 times / week, so even if has a losing week, it’ll not blow up your account.
The robot is set all the time to “long and short”, and chooses the direction to trade. I am never limiting him to one direction.
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