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drsong123
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drsong123
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Tom'sEa WPFX LIVE
in
Trading Systems
Jan 25, 2012 at 17:01
Hi, FugheI am not sure where 10 million number come from on you risk calculation. on forex 1 standard lot control 100k of the currency. Yes I agree with you martingale is risky method so do all trading methods. but Tom ea use micro lot and hedging and martingale principle and sufficient capital and other methods to minimize risk and sustain during large drawdown. I sense from some of recent posts that those traders still use trend follow mentality to trade TomEA, which I believe is totally counterproductive. Remember, TomEA is one of rare profitable methods to trade range bound market that hap...
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 22, 2012 at 19:39
Me too has problem to get updater to finish. no new version 1.89 installed from updater.Song
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 21, 2012 at 23:20
Wow, I did not know the recommendation for risk level are based on 1:400 leverage. Dustin or Ivan, could you please comfirm this and post new recommendation for 1:50 leverage since many traders are from USA. thanksss
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 21, 2012 at 17:21
Hi, tyoung6608.good effect on eurjpy sequence. since TomEA does not use stop loss (many advantages in this highly manipulted market), black swan event WILL happen just matter of when. in order to prepare for it, it is good to know during a largest capulation trend, what is max open positions TomEA will trade. so far based on your research, we know 87 micro lot for a 800 pips trend. Do you have a counts on how many trades on this sequesnce? based on my calculation, for $5000 1:50 leverage account, only need about 60% dd will trigger margin call. So my suggestion is for $5000 account, when ther...
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 21, 2012 at 00:58
Hi, IvanMaxDD is only one of factors on margin. the other one is total open position. By definition, margin used is total position say $20000 (0.2 lot) divided by leverage. if leverage is 50:1. then margin used is 20000/50=400. for 5000 account, free margin = equity (balance-balance*dd) - margin used. Based on this infomation, maxdd alone can be misleading. It will be very helpful if TomEA can send an alert when free margin drop below user defined level through email since not all brokers want this feature for their clients.Just a summary of Fughe and others posts regarding some of safe and su...
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 20, 2012 at 02:20
Thanks Fughe. You are right about to close worst positions has most impact on margin reserve. I wish FXDD will implement an alert to warn their clients about imminent margin call when free margin drop below certain level. I know some forex brokers have intentionaly spiked spread against their clients to wipe their account.ss
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 20, 2012 at 01:08
So far my tradency account with real money has been performing very normally. I have to command Dustin took his responsiblity to keep all subscribers informed about this unfortunate event. I hope nobody will lose any money over this.One of important question has kept me sleepless is how to deal with TomEA when margin drop to dangerous level, go flat? deactive ea, cut risk level, remove pairs has no open positions? I hope Dustin or Ivan or Tom can give us some guidlines even though this may be rare. but this question should not be ignored since Tome Ea basically is based on martingale principle...
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 17, 2012 at 21:30
Hi, Ivanthanks for your answer. It is a issue of type of demo account from fxdd. I am good now. for installation of new version, after running updater and restart MT 4, you may have to restart several times before everything run good. in my case, I have to restart 3 times and restart computer once since tom ea stuck on chect update window. hope this will help.ss
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 17, 2012 at 16:41
Hi, Tradingshedwhere did you see message 'mini account detected'?ss
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 17, 2012 at 11:35
Hi, trading shedDid new version trade micro lot for you?
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 17, 2012 at 00:36
Hi, Ivansince you are monitoring this forum, I will resend my message to Tom's EA support to you.Hi, ivanI believe FXDD determine margin based on total open position in USD after convert from base currency, eg euro, then divided by leverage. For $5000 account, 20k position can withhold 90 perc dd without trigger margin call. I would like to see a maxopenposition besides maxed.I also notice new version does NOT open micro lot from FXDD demo account anymore. Please advise.Have a good one.Song Song
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 17, 2012 at 00:20
I opened a new demo account from fxdd (forex not forex mini) allow 0.01 lot. so far 8 trades today all 0.15 lot. I don't know why.ss
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 16, 2012 at 23:16
any one notice this new version of Tom'sEA did not trade micro lot?ss
Tom'sEa WPFX LIVE
in
Trading Systems
Jan 10, 2012 at 08:54
Hi, tradingshed I have traded Tom's EA live with tradency since Nov 12. I started slow with only EURUSD and risk level 1. Average monthly return around 3.5%. Although after new year, FXDD have to help me to sync with tradency again. I am very happy with how this EA and tradency performs. I also did quick backtest with MT4 tester with 1min data from Nov and Dec. I found out minimal $3000 for EURUSD pair and $1000 for other 5 major pairs when I set risk level to 3 with hedging. Hedging has high return and low drawdown.have a safe tradingss
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