NextLevelForex's Posts - Page 5

Million Dollar Pips in Trading Systems Feb 02, 2012 at 08:31

Here is something I noticed this evening, when starting trading in a NEW account.The commission estimated by MDP was wrong, and it was not the first time I noticed it (you see it displayed on the chart; check if it matches what you know about your broker). If the estimated value is too high, that can lead to MDP not placing trades at all (if the spread + estimated commission would be above 2.0 pips; in my case the estimated commission was 1.3 pips, leaving almost no room for spread).The workaround is simple: place a trade for each of the pairs you want to trade with MDP; once you close the tra...

Fast Forex Millions back and forward testing by Remus in General Jan 30, 2012 at 00:57

Following the distribution of an undisclosed amount to Steve and Alec, I no longer have an immediate need for more accounts ;)Also, because FFM 2.5 led to crashes when running together with 2.1 in the same MetaTrader terminal instance, I decided to completely remove 2.1 and run just 2.5 (the crashes happened with both FXDD and Pepperstone, both running version 409).To give FFM a fresh start, I manually closed the 2.1 trades. I will not reset the account's start date, though.Lastly, the 2009-2011 backtests I did indicated that "DualMode false" (the new default) underperformed &quo...

Fast Forex Millions back and forward testing by Remus in General Jan 29, 2012 at 04:23

Of course, but I need lots of accounts anyway...With all the millions in profits that FFM makes, you don't expect me to keep all that money in just one account, do you?

Fast Forex Millions back and forward testing by Remus in General Jan 28, 2012 at 23:37

After I do some backtests, I'll decide if I replace the existing version in my forward tests account (2.1), or keep it in place and run the new one (2.5) in different accounts (or maybe even the same accounts, with a different magic number).

Fast Forex Millions back and forward testing by Remus in General Jan 28, 2012 at 18:07

No, it's Pepperstone Standard (that's why the S in the PepS account name).I did not want to use the lowest spreads, just better than FXDD (by more than 1 pip on some pairs).

Fast Forex Millions EURUSD in Strategies Jan 27, 2012 at 20:26

Except for USDCAD, I uploaded the BT results to myfxbook, so they can be analyzed in all sorts of ways.See the public strategies on my profile, or my blog post (like for the meaning of A, B, D and E codes):http://nextlevelforex.com/blog/2012/01/21/fast-forex-millions-metatrader-expert-advisor-review/

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 27, 2012 at 18:00

Thanks Matt for the info!I'm not familiar with HotForex or their PAMM, but since most people here, on myfxbook, will not even look at a non-verified account, I suggest you investigate how you can get that done. Maybe hotterforex can help? I see he has a PAMM listed that is verified for both trades and privileges: http://www.myfxbook.com/members/hotterforex/hotterforex-pamm/218175

Fast Forex Millions back and forward testing by Remus in General Jan 27, 2012 at 17:54

The week is wrapping up, and over the weekend I'll have other things to do, so I'll post a short summary now.The forward testing of FFM, using default parameters, has been just horrible so far. Yes, the USD had wild swings, and since FFM trades USD pairs, it's not wonder that it was affected. Still, for an EA claiming to have such a low DD as the sales page mentions, the robot has proven to be far from the sales pitch. Here are the numbers for the trades closed so far:-150 pips on the real FXDD account -60 pips on the demo FXDD account-556 pips on the demo Pepperstone Standard acc...

Fast Forex Millions back and forward testing by Remus in General Jan 27, 2012 at 17:36

Could you just give us the coupon? So that people buy from the affiliate they want to? I recommend buying from EAreview.net, since you get the added value of backtests of all sorts.No offense, but by posting your affiliate link here it looks like you are just trying to make a quick buck, and you are using a product link supposed to be used for Donna Forex readers.

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 27, 2012 at 16:34

Please first verify your track record and trading privileges, then submit your system using the form below:https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 27, 2012 at 00:12

Thanks Matt, I see your info. Please verify your track record and trading privileges on myfxbook, and then I'll add you to the list.

Fast Forex Millions back and forward testing by Remus in General Jan 26, 2012 at 17:08

I updated my blog page with images for 2009-2011:http://nextlevelforex.com/blog/2012/01/21/fast-forex-millions-metatrader-expert-advisor-review/As mentioned there, you can cut the image in 3 equal parts and get the chart for just 1 year.I also can aggregate the results in a spreadsheet, that could tell you a lot, in addition to the images.

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 26, 2012 at 05:48

I checked your profile and you only have a demo account, which I'm not interested in tracking (because it's demo).If you have a myfxbook real account tracking link, please submit it using the form below:https://docs.google.com/spreadsheet/viewform?hl=en_US&formkey=dGFQbGdlOXZBWWpiLWN1c212NTJfWlE6MQ#gid=0

Fast Forex Millions back and forward testing by Remus in General Jan 25, 2012 at 16:22

Received 1 hour ago from FFM team:Less than a week after release, here comes a patch... Not a good sign, for me, but at least the team shows interest, and that's better than nothing. At least now I have all my backtesting infrastructure ready, so I'll be able to repeat the tests very easily.

Fast Forex Millions back and forward testing by Remus in General Jan 25, 2012 at 16:20

I'm not going to fine tune for my broker. I think that's pure BS, just to give people stuff to believe it, and waste time trying. Of course you will get different performance with different parameters, but the main reason I bought this EA was the claim to be broker independent (the second reason was the high pips expectancy shown on the page).So far none of these seem to be true, but again, I'm not concerned given the very short period of forward testing. If around Feb 8 (about 3 weeks days into purchase) the signs are not favorable, I'll just ask for a refund and that's it...

Fast Forex Millions back and forward testing by Remus in General Jan 25, 2012 at 16:19

I'm glad I reported on that before you! :) Since I started by promoting this EA, I wanted to be the first to say that so far it's not a good start. Still, I'll be patient for at least another 2 weeks.

Fast Forex Millions back and forward testing by Remus in General Jan 25, 2012 at 03:47

I intentionally activated DualMode, since it's the default (and that's how I did my backtests). That (the use of hedging) is one reason I picked FXDD (the other reason is that is has high spreads, so it's good to see how the EA handles that).

20-40% performance fee (with high watermark) for Forex traders in Experienced Traders Jan 25, 2012 at 03:00

3 accounts marked with red (actually it's pink, red was too bright, and I did not like the contrast) today: 2 of them blew up, the other went MIA. I should probably ask for a minimum 3 months of history, since keeping track of young accounts that go belly up is not quite fun.https://docs.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0AoBJeNapfnI2dGFQbGdlOXZBWWpiLWN1c212NTJfWlE&output=html

03A - G in Trading Systems Jan 25, 2012 at 02:46

There is nothing to announce publicly yet. I expanded a lot in 2011, in many directions, so the first part of 2012 will probably be a period of contraction, like consolidating accounts, getting rid of some EAs, getting rid of one RE property, and so forth.

Fast Forex Millions back and forward testing by Remus in General Jan 25, 2012 at 02:39

Quick update: forward testing performance, in all 3 accounts, just sucks ;) The 2 demo accounts are running with the equivalent of a 2% risk, and the real account is running with the equivalent of a 1.5% risk.On the positive side, the trade count is steadily increasing, so by the end the week we'll likely have 50+ trades in at least one account. I'm looking for 100+ trades before trying to make sense of the statistics, but 50+ is also acceptable (as the minimum).

EURUSD	1.04141	GBPUSD	1.25303	AUDUSD	0.64992
USDJPY	154.798	USDCAD	1.39796	USDCHF	0.89434

Posts by NextLevelForex