It's been a while I didn't update. The account is still running and is actually part of my signals. As of yet, 5% equity adjustment lot seems to be safer than 10%.
I'm posting also the game plan. Hope you're all having a nice summer and those in Europe are keeping cool!
5% ajustement "lot" (8th)
July : 236 DD 70% 0.01
August : 272 DD 55%
July 236 .01
August 336 .02
September 536 .02
October 636 .03
November 936 .04
December 1336 .06
January 1936 .09
February 2736 .13
March 4036 .20
April 6036 0.30
Mai 9036 0.40
June 13036 0.60
July 19036 0.80
August 27036 1.30
September 40036 2.00
October 60036 3.00
November 90036 4.00
December 130036 6.00
Challenge failed after 4 months day for day..After thinking it over, I've restart the Algo on the premise of 5% equity monthly ajustement. The twist will be a "relaxing"period or not modifying lot each 3 months.
I will keep an eye on the DD..
(I will be posting the signal for research purposes).
- Do you close the positions or just change the lot size?
I just change the lot size on both the blue terminal and the usual settings terminal for the EA.
Ramil made it so that the blue terminal is priorized over the usual terminal. For good mesures, I personally do both.
So, once you do step the lot, you might not see a difference at first. You'll have to wait till the 5 main trades close per pair or cycle.
So no, I don't close the trades. I let them take their courses.
- Do you raise the lot on 1 of each month?
Yes, any excending equity will help maintain margin lower. So I will step on every first day of the month.
- Can I run this on a computer or VPS?
You could run it on a computer but you'll need to keep it running even when the market isn't opened (weekends) or positions will close causing a loss. I strongly recommend VPS for that issue.
- What timeframe should I set the EA?
I think I set mine in the 30m but if you do test it with multiple timeframe you won't see a difference. That's one thing about this EA that makes it unique.
It also plays out the support and resistance on the 4h timeframe. That's what I monitor the most as to expect drawdown or not.
- How did you choose the two pairs for the strategy?
I choose them because they correlate each other. Used to trade them manually (60% according to Myfxboox -).
-Do you take Profit?
I don't take profit. My goal is to reach 100k from 100. If you do, I would suggest you check lot from equity not to get over 10% per lot.
If I would, I'd either wait to reduce lot to the minimum and wait cycles to finish or take profit equal to expected gains on a monthly view.
- Is this a safe strategy?
No, I can't stress enough that it isn't. Ramil advised me against it. That's more of a stress test upon the EA. Consider this strategy as "pedal to the metal" as for gains with a low account or under 3000$.
So I've started this challenge on FB from a test I've been conducting with this EA. According to my research from my presets, this should be likely to occur in less than a year. Nothing is a guarantee on the Forex market but the odds are favorable.
Each month, I'll be stepping the initial lot by 10% from current equity rounded up.
To all who will embark in this challenge, may you find what you seek. (Current account on Fxopen ECN with VPS - with swaps and commissions - 1:500).
Every month, revise strategy
Actual EU UC
Feb : 100 step .01 DD +50%
March : 225.01 step .02 DD 70% FOCM - EURO
April : 438.39 step .04 DD 70 %
Mai : 834.59 step .08 DD 65%
June : 1622.65 step .16 DD 70%
July : 1724.67
Challenge End 7th June : 179.05
I've recently purchased the Brazil System Premium. Based on my experience with Hamster and Manual Trader EA, I came up with my own custom presets. It is suggested to use the EA with a minimum of 3000$ on 1 pair.
Since the beginning of august, I have used the Hamster EA with success. Many of you sent me messages and exchanges about it. That made me happy to know you've found the same confidence I found in this system from the preset I have established through my research.
The path of success is the path of succeeding failures. The mindset we chose to face those challenges will determined how much success we accomplish in the end.
Losses are part of the FX market and my preset. Those who have the same parameters have noticed we had a loss yesterday. The good thing is that it was more or less than 20% on my part.
I believe this is not the only loss that will occur this year. I will ask those whom choose to follow to focus on the long term which my study portrayed results in a span of 2 years.
Through those couple of years the account didn't blow, many losses occurred but the results outmatched these failures. This is not to mentioned the difficulty this EA performed in 2017 which this system prevented it from destroying the account.
On that note, I am not responsible for the fact you choose to follow my ideas and don't really care if you can or not manage your emotions through loss or gain. Do not contact me to complain.
Lately a EA called "BSS Scalper" for MT4 is now on sale on the MQL5 community for the price of 1250 usd.
I would highly suggest you avoid this product. While it can do tremendously good results on simulations, in real life it doesn't. I deemed this product as untestable on stimulators.
More over, you can find this product at a much lower price.
I have tested the product way before the supposed author published it and I can say it is NOT profitable and highly dangerous to blow accounts. (I have tried many presets and spent over 4 months on it, believe me)
Shahid Rassol : I don't believe you are the developer of the products you advertise.