I have the FAP Turbo EA MetaTrader installer and Scalper Strategy set to false for the EURUSD M1 EA and experiencing large losses on the demo acct. Any ideas of what else I ought to be setting ? I've copied the history on the account and you can see the losses experienced on 12/12/2008 EURUSD and 12/23/2008.
Account: | Name: xxxxxx | Currency: USD | 2008 December 26, 20:59 | ||||||||||
Closed Transactions: | |||||||||||||
Ticket | Open Time | Type | Size | Item | Price | S / L | T / P | Close Time | Price | Commission | Taxes | Swap | Profit |
33557597 | 2008.11.23 22:03 | balance | Deposit | 50 000.00 | |||||||||
33754772 | 2008.11.24 10:00 | buy | 15.00 | eurusd | 1.2641 | 1.2660 | 1.2726 | 2008.11.24 10:34 | 1.2660 | 0.00 | 0.00 | 0.00 | 2 850.00 |
34069279 | 2008.11.24 21:37 | buy | 1.00 | eurusd | 1.2919 | 1.2866 | 1.3019 | 2008.11.25 00:54 | 1.2866 | 0.00 | 0.00 | 2.60 | -530.00 |
34218004 | 2008.11.25 08:00 | buy | 15.70 | eurusd | 1.2875 | 1.2886 | 1.2960 | 2008.11.25 08:25 | 1.2886 | 0.00 | 0.00 | 0.00 | 1 727.00 |
34265859 | 2008.11.25 10:15 | sell | 16.22 | eurusd | 1.2836 | 1.2833 | 1.2751 | 2008.11.25 10:30 | 1.2833 | 0.00 | 0.00 | 0.00 | 486.60 |
38690597 | 2008.12.10 21:00 | buy | 2.72 | eurgbp | 0.8797 | 0.8632 | 0.8851 | 2008.12.10 21:19 | 0.8804 | 0.00 | 0.00 | 0.00 | 281.53 |
38691262 | 2008.12.10 21:00 | sell | 2.65 | eurchf | 1.5599 | 1.5754 | 1.5556 | 2008.12.10 21:13 | 1.5594 | 0.00 | 0.00 | 0.00 | 110.55 |
38692393 | 2008.12.10 21:05 | buy | 2.58 | usdcad | 1.2589 | 1.2427 | 1.2642 | 2008.12.10 21:26 | 1.2601 | 0.00 | 0.00 | 0.00 | 245.69 |
38699278 | 2008.12.10 21:42 | sell | 2.75 | eurgbp | 0.8809 | 0.8963 | 0.8766 | 2008.12.10 22:08 | 0.8803 | 0.00 | 0.00 | -73.10 | 244.15 |
38708544 | 2008.12.10 22:40 | sell | 2.76 | gbpchf | 1.7745 | 1.7914 | 1.7697 | 2008.12.10 23:15 | 1.7731 | 0.00 | 0.00 | 0.00 | 322.08 |
38719108 | 2008.12.11 00:00 | sell | 2.78 | gbpchf | 1.7745 | 1.7908 | 1.7687 | 2008.12.11 01:36 | 1.7741 | 0.00 | 0.00 | 0.00 | 92.86 |
38723361 | 2008.12.11 00:19 | sell | 2.70 | usdcad | 1.2584 | 1.2753 | 1.2527 | 2008.12.11 01:38 | 1.2573 | 0.00 | 0.00 | 0.00 | 236.22 |
38725339 | 2008.12.11 00:24 | buy | 2.62 | eurgbp | 0.8789 | 0.8628 | 0.8833 | 2008.12.11 00:26 | 0.8796 | 0.00 | 0.00 | 0.00 | 271.38 |
38730480 | 2008.12.11 00:41 | buy | 2.63 | eurgbp | 0.8788 | 0.8630 | 0.8840 | 2008.12.11 01:38 | 0.8795 | 0.00 | 0.00 | 0.00 | 272.94 |
39107685 | 2008.12.11 22:14 | sell | 2.82 | gbpchf | 1.7806 | 1.7957 | 1.7758 | 2008.12.12 00:44 | 1.7803 | 0.00 | 0.00 | 0.00 | 71.35 |
39272065 | 2008.12.12 06:30 | sell | 16.99 | eurusd | 1.3281 | 1.3276 | 1.3196 | 2008.12.12 06:33 | 1.3276 | 0.00 | 0.00 | 0.00 | 849.50 |
39336756 | 2008.12.12 09:45 | buy | 17.24 | eurusd | 1.3373 | 1.3341 | 1.3458 | 2008.12.12 10:20 | 1.3341 | 0.00 | 0.00 | 0.00 | -5 516.80 |
39361057 | 2008.12.12 11:30 | sell | 15.59 | eurusd | 1.3287 | 1.3319 | 1.3202 | 2008.12.12 11:39 | 1.3319 | 0.00 | 0.00 | 0.00 | -4 988.80 |
39722814 | 2008.12.15 15:21 | buy | 1.00 | eurusd | 1.3650 | 1.3630 | 1.3700 | 2008.12.15 15:29 | 1.3700 | 0.00 | 0.00 | 0.00 | 500.00 |
39817526 | 2008.12.15 23:39 | buy | 2.37 | gbpchf | 1.7706 | 1.7543 | 1.7760 | 2008.12.15 23:47 | 1.7717 | 0.00 | 0.00 | 0.00 | 225.15 |
39818325 | 2008.12.15 23:43 | sell | 2.31 | usdcad | 1.2349 | 1.2513 | 1.2301 | 2008.12.16 01:03 | 1.2344 | 0.00 | 0.00 | 0.00 | 93.57 |
39824926 | 2008.12.16 00:22 | sell | 2.32 | eurgbp | 0.8957 | 0.9119 | 0.8901 | 2008.12.16 00:30 | 0.8950 | 0.00 | 0.00 | 0.00 | 248.55 |
39825945 | 2008.12.16 00:30 | buy | 2.26 | eurchf | 1.5849 | 1.5690 | 1.5907 | 2008.12.16 00:51 | 1.5855 | 0.00 | 0.00 | 0.00 | 117.16 |
41691256 | 2008.12.23 09:00 | sell | 14.45 | eurusd | 1.3960 | 1.3996 | 1.3875 | 2008.12.23 10:40 | 1.3996 | 0.00 | 0.00 | 0.00 | -5 202.00 |
0.00 | 0.00 | -70.50 | -6 991.32 | ||||||||||
Closed P/L: | -7 061.82 | ||||||||||||
Open Trades: | |||||||||||||
Ticket | Open Time | Type | Size | Item | Price | S / L | T / P | Price | Commission | Taxes | Swap | Profit | |
No transactions | |||||||||||||
0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Floating P/L: | 0.00 | ||||||||||||
Working Orders: | |||||||||||||
Ticket | Open Time | Type | Size | Item | Price | S / L | T / P | Market Price | |||||
No transactions | |||||||||||||
Summary: | |||||||||||||
Deposit/Withdrawal: | 50 000.00 | Credit Facility: | 0.00 | ||||||||||
Closed Trade P/L: | -7 061.82 | Floating P/L: | 0.00 | Margin: | 0.00 | ||||||||
Balance: | 42 938.18 | Equity: | 42 938.18 | Free Margin: | 42 938.18 |
I just started today too. The manual says, for Scalper, try setting the period to 15M.
I just started today too. The manual says, for Scalper, try setting the period to 15M.
To me:
Euro/us 1 min turbo robot settings work better at mm true / 1- 2% risk /7-15 orders max (not 15 lots or 20% like on your demo)
Trade euro/gpd euro/chf at 20% scalp/ mm true or for more action(30 % gpd) (15min chart)
your buddy
midnightauto
From what I've been reading, the long term trades don't work as well as the Scalper trades - so if you've set the scalper to "false" then I assume you've turned it off and are trading long term.
Also, I've read that the best currency pairs to trade do not involve the EUR/USD.
They are: EUR/GBP - set to use 10% of trading capital;
EUR/CHF GBP/CHF USD/CAD ... all set to use only 5% of trading capital per trade.
The above are all Scalper trades, not long term trades ... and you don't trade Fridays, because you don't want to be caught in a scalper trade over the weekend break.
Hope this helps
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I have the FAP Turbo EA MetaTrader installer and Scalper Strategy set to false for the EURUSD M1 EA and experiencing large losses on the demo acct. Any ideas of what else I ought to be setting ? I've copied the history on the account and you can see the losses experienced on 12/12/2008 EURUSD and 12/23/2008.