EA_V801_V1 (Od forex_trader_10241)
Użytkownik usunął ten system.
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Uczestnik z Oct 28, 2009
1430 postów
Sep 01, 2010 at 14:45
Uczestnik z Oct 28, 2009
1430 postów
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.
Uczestnik z Jun 16, 2010
205 postów
Sep 01, 2010 at 14:52
Uczestnik z Jun 16, 2010
205 postów
Isn't it 5:1? It seems normal TP is 50-60 pips and opening SL is 255 pips. He's just trailing the stoploss when it goes in his trades direction...
Although he has never actually reached the TP🙃
Cheers
Soeren
Although he has never actually reached the TP🙃
Cheers
Soeren
Always get cashback -
Uczestnik z Oct 28, 2009
1430 postów
Sep 01, 2010 at 14:52
(edytowane Sep 01, 2010 at 14:53)
Uczestnik z Oct 28, 2009
1430 postów
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.
Uczestnik z Oct 28, 2009
1430 postów
Sep 01, 2010 at 15:05
Uczestnik z Oct 28, 2009
1430 postów
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.
Uczestnik z Oct 28, 2009
1430 postów
Sep 01, 2010 at 15:12
Uczestnik z Oct 28, 2009
1430 postów
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.
Uczestnik z Jun 16, 2010
205 postów
Sep 01, 2010 at 16:57
(edytowane Sep 01, 2010 at 16:57)
Uczestnik z Jun 16, 2010
205 postów
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 -
Uczestnik z Jun 16, 2010
205 postów
Sep 13, 2010 at 02:21
Uczestnik z Jun 16, 2010
205 postów
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
Uczestnik z Apr 15, 2010
35 postów
Uczestnik z Jun 16, 2010
205 postów
Sep 29, 2010 at 05:51
Uczestnik z Jun 16, 2010
205 postów
Your most accurate EA so far?
I hope you start up a new one with a lot less risk...
Cheers
Soeren
I hope you start up a new one with a lot less risk...
Cheers
Soeren
Always get cashback -
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