Setup informations
- Open one H1 - chart for each symbol you want to trade and attach the GerFX Kuddelmuddel EA on it
- Choose the correct risk settings for your own risk profile. Scroll down to "How to calculate the risk", for further help.
- We are using the default settings on our live signal, except "lotType" = "increasing" and "equityPerStep" = 250
Parameters
- MagicNumber - By default "-1" which will automatically set a unique magic number (16041 up to 160414). Use a unique magic number for each chart.
- Comment - Each trade will show this comment in history tab.
- lotType - "fixed" or "increasing", where the lot size is calculated automatically.
- fixLots - fixed lot size in case lotType = fixed.
- lotStep - how much the lot size should be increased every equityPerStep (if lotType = increasing).
- equityPerStep - how much equity is needed for one lot step (if lotType = increasing).
- Take profit (pips)- You can choose a own take profit value for each trade here
- Stop loss (pips) - You can choose a own stop loss value for each trade here
Frequently asked questions
How do you calculate the estimated maximum drawdown?
The portfolio backtests I show are usually done with a fixed lot size of 0.1. This means that you have to look at the fixed drawdown, not the percentage one. The drawdown of Kuddelmuddel EA with all 14 pairs was about $370 for 0.1 lots or about $37 per 0.01. Use this number to scale to the desired risk level. For example, if you have a $10k deposit and you are ok with 20% ($2000) historical maximum drawdown, then the lot size would be 2000 / 37 * 0.01 = 0.54 lot.
There is never any guarantee that the future drawdown will be less than the historical one. Therefore, please don't overrisk your account.
How to use the risk parameters?
By default, the EA is using the setting "lotType" = "fixed". Just place your prefered fixed lot risk into the setting "fixLots"
If you want to use automatic lot size calculation, you could use settings like lotType=increasing, lotStep=0.01 and equityPerStep=200. This means it will increase by 0.01 (lotStep) for every 200 account currency.
For a 10.000 (€ / $) account, this will calculate 0.50 lot.
Where can I download your backtests?
You can download our latest backtests (including the portfolio file) at the end of this blog post.
