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Chen Jia Qi  
Cazz223 #:

Hello Chen,

Can TrendyFollow be used together with other EA with this update?

Unfortunately, it's not possible right now. This is a significant engineering project involving a lot of code, and the major changes would require time for testing.
Chen Jia Qi  
Simón Bravin #:

I tried the demo, I really liked it. I bought the EA but the results of backtesting under the same exact conditions and settings on same timeframes give totally different results... how is this possible?

inputs:

Results:

Graph:


Anyone had some similar situation? 


Is the demo version different than the purchased one?

Thanks

Our engineers have put aside their work and addressed the issue, so your account should now be functioning properly.

However, please note that we recommend M15GBPUSD again. It is more resistant to over-fitting than other currency pairs, and the default parameters are only suitable for M15GBPUSD.

Simón Bravin  
Cazz223 #:

Hello Simon,

Was it a custom symbol? Created using tick data from Dukascopy? 

Hi Cazz,


It was EURUSD+ from vantage. Apparently problem is solved with latest update, seems to be working fine now. I will give it a proper testing and come back with more comments in a couple of weeks. All the best!

Angel Huerta Lopez  
Buenas noches

He puesto el asesor en un servidor con cuenta demo con todas las características por defecto.

M15
AUDUSD, EURUSD, GBPUSD, NZDUSD
USDCAD, USDCHF, USDJPY, GOLD

MoletronXM Demo
https://www.forexfactory.com/moletron#acct.24-tab.report

De momento funciona perfectamente.
:-)
Simón Bravin  
Chen Jia Qi #:

Our engineers have put aside their work and addressed the issue, so your account should now be functioning properly.

However, please note that we recommend M15GBPUSD again. It is more resistant to over-fitting than other currency pairs, and the default parameters are only suitable for M15GBPUSD.

Hi Chen, could you explain a bit how does maximum risk in percentage works?

I'm already testing live, GBPUSD, M15, and DD has exceeded 2% with setting of "maximum risk in percentage" at 0.02. DD is around 4.3%. I don't have any trouble with that but just trying to understand the risks of using this strategy.

All the other parameters are set as default.

Thanks

Simón Bravin  
Simón Bravin #:

Hi Chen, could you explain a bit how does maximum risk in percentage works?

I'm already testing live, GBPUSD, M15, and DD has exceeded 2% with setting of "maximum risk in percentage" at 0.02. DD is around 4.3%. I don't have any trouble with that but just trying to understand the risks of using this strategy.

All the other parameters are set as default.

Thanks

Another one, is it ok to update while having open positions?

Thanks Chen!

Chen Jia Qi  
Angel Huerta Lopez #:
Buenas noches

He puesto el asesor en un servidor con cuenta demo con todas las características por defecto.

M15
AUDUSD, EURUSD, GBPUSD, NZDUSD
USDCAD, USDCHF, USDJPY, GOLD

MoletronXM Demo

De momento funciona perfectamente.
:-)
please note that we recommend M15GBPUSD again. It is more resistant to over-fitting than other currency pairs, and the default parameters are only suitable for M15GBPUSD.
Chen Jia Qi  
Simón Bravin #:

Another one, is it ok to update while having open positions?

Thanks Chen!

Simón Bravin #:

Another one, is it ok to update while having open positions?

Thanks Chen!

No problem. But watch out. Now with the same currency pair, you can have a single of this EA or you may be disturbed.

Simón Bravin  
Chen Jia Qi #:

No problem. But watch out. Now with the same currency pair, you can have a single of this EA or you may be disturbed.


Thanks for your answer, I will proceed to update while having this open trade then:

You didn't answer the previous message: 

could you kindly explain a bit how does maximum risk in percentage works? Its way over 2% on DD and didnt close the trade, please look below:


Chen Jia Qi  
Simón Bravin #:

Thanks for your answer, I will proceed to update while having this open trade then:

You didn't answer the previous message: 

could you kindly explain a bit how does maximum risk in percentage works? Its way over 2% on DD and didnt close the trade, please look below:


Version 3.5 2023.06.02

1.Redesign the risk value calculation, it will now disregard leverage. Our current risk calculation formula is: with a balance of $1000, a risk of 0.01 corresponds to an order size of 0.01 lots.The new default value is 0.03.

2.Increase the maximum drawdown limit for the account balance. '10' represents no further orders will be placed after a maximum drawdown of 10%. The default value is 50.
"0" represents "do not enable

Your understanding is wrong

We have released version 3.05, but it is being recognized as version 3.5 on the platform. Please upgrade.

Cazz223  
Chen Jia Qi #:
Version 3.5 2023.06.02

1.Redesign the risk value calculation, it will now disregard leverage. Our current risk calculation formula is: with a balance of $1000, a risk of 0.01 corresponds to an order size of 0.01 lots.The new default value is 0.03.

2.Increase the maximum drawdown limit for the account balance. '10' represents no further orders will be placed after a maximum drawdown of 10%. The default value is 50.
"0" represents "do not enable

Your understanding is wrong

We have released version 3.05, but it is being recognized as version 3.5 on the platform. Please upgrade.

Thank you!

The new risk calculation method makes things easier, for those whose accounts contain various leverage. 

To update EA, can you simply re-apply the new EA to a chart that have ongoing positions?

Chen Jia Qi  
Cazz223 #:
To update EA, can you simply re-apply the new EA to a chart that have ongoing positions?
If you are referring to the theory of automatic updates, it is theoretically unfeasible. However, if you are asking whether an updated EA can be directly applied to existing positions, then it is possible.
Simón Bravin  
Chen Jia Qi #:
Version 3.5 2023.06.02

1.Redesign the risk value calculation, it will now disregard leverage. Our current risk calculation formula is: with a balance of $1000, a risk of 0.01 corresponds to an order size of 0.01 lots.The new default value is 0.03.

2.Increase the maximum drawdown limit for the account balance. '10' represents no further orders will be placed after a maximum drawdown of 10%. The default value is 50.
"0" represents "do not enable

Your understanding is wrong

We have released version 3.05, but it is being recognized as version 3.5 on the platform. Please upgrade.

Thanks Chen, already updated it. I do not get why it opened 0.09 lots in an $1000 account, then. I'll keep an eye on everything trying to get a better understanding of it.

The description in the overview page helps! Thanks
GA9465xzd  
Could you please explain "Stop Loss level" and "Take Profit level"?
If you change this value to an extremely low or high value, the EA will not trade.
Chen Jia Qi  
GA9465xzd #:
Could you please explain "Stop Loss level" and "Take Profit level"?
If you change this value to an extremely low or high value, the EA will not trade.
Those parameters have already been taken over automatically by the EA, and we will hide them in the next version.
Peter John Van Der Mey  
DO NOT BUY FROM THIS THEIF. He is producing fake software that back tests well and does nothing in real trading. Uses the same MO each time. Puts pressure to buy with limited time offer on price (as he is here). Once he has sold a few copies the EA gets removed, stops weekly updates as promised and he doesn't answer. Just a thief.
Cazz223  

Hi

The EA has been profitable, first and foremost.

My doubt is this:

On this $3000 account, leverage 1:200.

When I set the risk to 0.02, it opened position 0.06lot



On another account, $5,000 (a funded account)

leverage only 1:33,

I set the risk as 0.018

It open a position of 0.28 lot

Yes, it made money, but it also nearly violate the prop firm's rule.


Would you explain how this auto risk management work please?

TrendyFollower FX risk management system is a lot clearer.

Thanks

Chen Jia Qi  
Cazz223 #:

Hi

The EA has been profitable, first and foremost.

My doubt is this:

On this $3000 account, leverage 1:200.

When I set the risk to 0.02, it opened position 0.06lot



On another account, $5,000 (a funded account)

leverage only 1:33,

I set the risk as 0.018

It open a position of 0.28 lot

Yes, it made money, but it also nearly violate the prop firm's rule.


Would you explain how this auto risk management work please?

TrendyFollower FX risk management system is a lot clearer.

Thanks

First, please confirm that you have upgraded to the latest version 3.05. We have redesigned the risk calculation formula to be more accurate. If you still have problems, please backtest and send us a screenshot via private message.
Cazz223  
Chen Jia Qi #:
First, please confirm that you have upgraded to the latest version 3.05. We have redesigned the risk calculation formula to be more accurate. If you still have problems, please backtest and send us a screenshot via private message.

Apology JiaQi,

I have sent the comment to the wrong EA column. It was meant for TrendMaster EA, sorry for causing confusion.

Cazz223  
Chen Jia Qi #:
If you are referring to the theory of automatic updates, it is theoretically unfeasible. However, if you are asking whether an updated EA can be directly applied to existing positions, then it is possible.

I suppose the magic number and order-comment have to stay the same, correct?

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