stevetrade's Inlägg - sida 16

Zipsignals på Signalleverantörer Feb 08, 2013 at 16:18

Why not link the account up on here so that people can see it on MyFxBook then?That would surely be the best way to market your ZipSignals services on MyFxBook?Best regards Steve

MT4 History has big holes på Allmänt Feb 07, 2013 at 20:03

Yes, it's a fairly common problem. Some might say it's a conspiracy to ensure it's impossible to backtest EA's properly...You can download tick data from other sources and run tests on that. Although it still is far from perfect either.Best regards Steve

Forex Growth Bot på Trading System Feb 06, 2013 at 09:50

This is the only EA I would recommend using on a live account at present. While it takes nerves of steel to keep with it, it always recovers back to where it was plus more. If you aren't prepared to accept losses, it's simple, stop trading. Best regards Steve

Forex Growth Bot på Trading System Jan 28, 2013 at 09:33

It's sad to see yet another person taken advantage of by unscrupulous brokers, I stopped trading with Think Forex when it became apparent to me that their back end systems didn't measure up to what I would expect from a top class broker.I would suggest that if you plan to carry on trading manually then don't trade an MT4 broker. Maybe try Dukascopy or someone more reputable. A lot of MT4 brokers are questionable, especially when you start winning.Best regards Steve

How long should a back test be? Is five year enough ? on EUR JPY på Allmänt Jan 25, 2013 at 16:44

We're talking about optimising an EA here, 99% of which are I would imagine are based on technical trading rather than fundamental trading. While I appreciate that as a fundamental trader history is not of too great a significance, for technical trading it's all that you can base systems upon. Best regards Steve

How long should a back test be? Is five year enough ? on EUR JPY på Allmänt Jan 25, 2013 at 14:25

If what was in the past doesn't matter then by extension all indicators are pointless as they are based on past data. If all indicators are pointless then how do you trade? Please share.

How long should a back test be? Is five year enough ? on EUR JPY på Allmänt Jan 25, 2013 at 09:49

Totally disagree with you here. If you optimise an EA over say three months then those three months could be totally unrepresentative of the larger sample.I'm going to take a popular EA here to demonstrate.If I analyse the live trades of Forex Growth Bot from 1st October 2012 to 1st January 2013 - a three month period involving a total of 115 trades you would think. Okay that's a reasonable period and a fair amount of trades to take a look at. End result -5.95% If I analyse the live trades of Forex Growth Bot from November 9th 2010 to February 9th 2011 - a three month period involving ...

How long should a back test be? Is five year enough ? on EUR JPY på Allmänt Jan 24, 2013 at 13:59

Start herehttp://eareview.net/tick-dataBest regards Steve

How long should a back test be? Is five year enough ? on EUR JPY på Allmänt Jan 24, 2013 at 13:33

Hi Wip,I don't use MT5, so I can't help with that sorry.MT4 is still the recognised industry standard and preferred platform for most MT traders. For MT4 you have to download the data from an independent source and then load it into MT4. If it's coming up with 90%, then my guess is it's the same as MT4 and you only have the minute data with the prices in between being interpolated by a fractal algorithm. So basically if it's important to your EA to know what the actual prices are within a minute bar then you really need to get hold of and use tick data.Best regards Steve

Forex Growth Bot på Trading System Jan 24, 2013 at 12:52

Sounds prudent Daniel, I would expect some profit after one year.Trying to time entry is difficult. While FGB is describing a fairly good statistical equity curve ( which is one of it's good points ) the point at which to get in and out is not always that clear cut. However jumping in now would be reasonably wise.

How long should a back test be? Is five year enough ? on EUR JPY på Allmänt Jan 24, 2013 at 12:47

Hi,I would disagree with biosko's answer. It depends very much on the EA and the frequency of trading. If your EA trades three times in one year then that's not a particularly good sample to look at. If it trades 100 times a day then one year is probably overkill.So, the more statistical data you have the more confidence you should have in your system. Where you draw the line ( 30 trades, 100 trades etc. ) is completely up to you. However the more you assess the more you can believe in the system. Don't disregard earlier years, there is no guarantee that the markets won't "...

Forex Growth Bot på Trading System Jan 24, 2013 at 11:57

If you need to learn a lesson personally then here's what I recommend.Take half your account out now so that you at least have doubled your initial investment and then carry on trading the same way.That way once you learn the lesson it won't hurt as much.Best regards Steve

Forex Growth Bot på Trading System Jan 24, 2013 at 11:33

*sigh*Best of luck with that.Steve

Forex Growth Bot på Trading System Jan 24, 2013 at 10:39

Hi,Thanks for the update and I'm glad you had success with the indicator. The indicator is exactly the same one that FGB uses but out of the box the indicator has different settings, so it will show different trades. Try backtesting FGB over an extended period with the same settings as you have on the indicator and carry out a comparison with the default settings of the EA.If you read back a few pages in the thread you will find that someone thought he had found some better settings for the EA because they backtested well over a short period. He appears to have since disappeared from the t...

Vergil_UWC på Trading System Jan 23, 2013 at 21:25

Looks like a high frequency scalping system and with an expectancy of 1.3 pips on a demo account I don't see it working that well on a live account. But go on, I'm interested to know how much it's selling for?

MegaTrader på Trading System Jan 23, 2013 at 12:42

Personally I'd be more impressed if it was on a broker that could be trusted. Still withdrawals have apparently been made. I'd be interested to hear if this is available commercially in some format.

Forex Growth Bot på Trading System Jan 23, 2013 at 09:37

Some people stop using it because it doesn't suit their trading style. It can go into long periods of drawdown and takes nerves of steel to stay with it. A lot of people want to see steady profits.People always worry about buying EA's/using trading services. The forex industry is full of crooks, charlatans and just the plain misinformed. It will serve you well to be cautious and always do your due dilligence.

Forex Growth Bot på Trading System Jan 23, 2013 at 09:31

With £4000 in your account? Unlikely, it could be done but I wouldn't base my trading on trying to achieve a certain lot usage.

Forex Growth Bot på Trading System Jan 23, 2013 at 09:29

Hi, sorry to tell you this but you're overtrading. I trade half that risk profile and I consider my trading aggressive with this EA. I would scale back to 0.2 lots. My next bad news is that with that kind of trading it could take six months or so to make your £1000 back now. However stay at that lot size and you could wipe most of the account in a few weeks.Next set of bad news. You went live at the wrong time. If you look at the chart on here you will see that there is a very rough statistical progression of the equity curve. You jumped in at the top. You should have waited till the...

Max Billion Clubs, jatindra M - Agung T på Trading System Jan 21, 2013 at 10:57

I wouldn't send you personal details, nor would I recommend anyone else does. You get hold of someone's personal details then there is no telling what you could do with them. Maybe Liberty Reserve have a system that can be circumnavigated to post to another account if you have the personal details. As I say there is no reason whatsoever under any circumstances that you should need to open accounts for people, they can do it themselves.If your system isn't Martingale or similar what happened on November 21st? Looked like a really risky trade going on there to me to recover those los...

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