Terminator v2.0 - page 31
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statment!
can you show us the statment of the account so we learned too what happen there?
Well, the demo account I've been posting went bust this week. It's back to the drawing board. It's a good lesson or two learned.
Depending on what unfolds with the market here (data input) I'll be making some changes and going at it again.
In the mean time thank you all for your help and support.
I'll be back.
tomWell, the demo account I've been posting went bust this week. It's back to the drawing board. It's a good lesson or two learned.
USDCHF killed it.
Depending on what unfolds with the market here (data input) I'll be making some changes and going at it again.
In the mean time thank you all for your help and support.
I'll be back.
tom
Update
Well again I had a great week. Kevin
I have been trading terminator 2.02 live and turned it off wednesday afternoon for the holidays, I wonder if I would have had a blow out with my settings...
It's no mystery, really... USDCHF has been in a steady downtrend for several days so anyone trading this sort of system on that pair would have already been deep into the progression, awaiting some kind of pullback for an exit point. From that vulnerable position, the last thing you want is a sudden downturn in $ value, and that's exactly what happened due to some $ hostile news. If you're system has a disaster strategy that allows it to exit gracefully from such a scenario, you may have escaped with only a substantial loss.. if not, you're toast...
Some research info I did about diary movements and worst movements
Data was taken from 01/01/2005 to 10/31/2006
EURUSD
Average day range : 106
Worst Day Range : 248
Worst Movement without 30 pips pullback : 596
USDCHF
Average day range : 122
Worst Day Range : 273
Worst Movement without 30 pips pullback : 608
GPBUSD
Average day range : 150
Worst Day Range : 363
Worst Movement without 30 pips pullback : 755
USDJPY
Average day range : 99
Worst Day Range : 351
Worst Movement without 30 pips pullback : 636
AUDUSD
Average day range : 77
Worst Day Range : 168
Worst Movement without 30 pips pullback : 390
USDCAD
Average day range : 102
Worst Day Range : 268
Worst Movement without 30 pips pullback : 532
NZDUSD
Average day range : 76
Worst Day Range : 183
Worst Movement without 30 pips pullback : 393
EURJPY
Average day range : 108
Worst Day Range : 368
Worst Movement without 30 pips pullback : 742
EURGBP
Average day range : 36
Worst Day Range : 93
Worst Movement without 30 pips pullback : 212
EURCHF
Average day range : 51
Worst Day Range : 159
Worst Movement without 30 pips pullback : 276
EURCAD
Average day range : 128
Worst Day Range : 251
Worst Movement without 30 pips pullback : 632
EURAUD
Average day range : 124
Worst Day Range : 304
Worst Movement without 30 pips pullback : 655
GBPJPY
Average day range : 164
Worst Day Range : 581
Worst Movement without 30 pips pullback : 1190
GBPCHF
Average day range : 145
Worst Day Range : 419
Worst Movement without 30 pips pullback : 735
CHFJPY
Average day range : 73
Worst Day Range : 189
Worst Movement without 30 pips pullback : 354
AUDJPY
Average day range : 73
Worst Day Range : 232
Worst Movement without 30 pips pullback : 399
AUDCAD
Average day range : 85
Worst Day Range : 162
Worst Movement without 30 pips pullback : 384
AUDNZD
Average day range : 83
Worst Day Range : 267
Worst Movement without 30 pips pullback : 587
Its cleary that this EA cannot survive those "Worst Movements" and they are more frequently than we think.
Now what solution or disaster plan do you suggest ? except the ones I give in the firsts pages of this thread.
tack in account some losses
i think that the best way to deal with this data is to tack in consideration some losses from now and than , if you survive this moves and live to trade another day for the long run the system will work . if you set the system to loss only 15% from your accounts in this kind of moves , the pay back after it will be greater , what your thought?
Some research info I did about diary movements and worst movements
Data was taken from 01/01/2005 to 10/31/2006
EURUSD
Average day range : 106
Worst Day Range : 248
Worst Movement without 30 pips pullback : 596
USDCHF
Average day range : 122
Worst Day Range : 273
Worst Movement without 30 pips pullback : 608
GPBUSD
Average day range : 150
Worst Day Range : 363
Worst Movement without 30 pips pullback : 755
USDJPY
Average day range : 99
Worst Day Range : 351
Worst Movement without 30 pips pullback : 636
AUDUSD
Average day range : 77
Worst Day Range : 168
Worst Movement without 30 pips pullback : 390
USDCAD
Average day range : 102
Worst Day Range : 268
Worst Movement without 30 pips pullback : 532
NZDUSD
Average day range : 76
Worst Day Range : 183
Worst Movement without 30 pips pullback : 393
EURJPY
Average day range : 108
Worst Day Range : 368
Worst Movement without 30 pips pullback : 742
EURGBP
Average day range : 36
Worst Day Range : 93
Worst Movement without 30 pips pullback : 212
EURCHF
Average day range : 51
Worst Day Range : 159
Worst Movement without 30 pips pullback : 276
EURCAD
Average day range : 128
Worst Day Range : 251
Worst Movement without 30 pips pullback : 632
EURAUD
Average day range : 124
Worst Day Range : 304
Worst Movement without 30 pips pullback : 655
GBPJPY
Average day range : 164
Worst Day Range : 581
Worst Movement without 30 pips pullback : 1190
GBPCHF
Average day range : 145
Worst Day Range : 419
Worst Movement without 30 pips pullback : 735
CHFJPY
Average day range : 73
Worst Day Range : 189
Worst Movement without 30 pips pullback : 354
AUDJPY
Average day range : 73
Worst Day Range : 232
Worst Movement without 30 pips pullback : 399
AUDCAD
Average day range : 85
Worst Day Range : 162
Worst Movement without 30 pips pullback : 384
AUDNZD
Average day range : 83
Worst Day Range : 267
Worst Movement without 30 pips pullback : 587
Its cleary that this EA cannot survive those "Worst Movements" and they are more frequently than we think.
Now what solution or disaster plan do you suggest ? except the ones I give in the firsts pages of this thread.Well again I had a great week. Kevin
Hi Kevin,
what settings do you use?
thx
ze0202
Hi Kevin,
what settings do you use?
thxHi ze, as follows from top down. 38,.01,.0,.0,10,20,22,1,0,5,0,2001,1,2030,12,0,1,1,magic#,0,3,0
It's been suggested that my settings are not condusive to drawbacks but it's worked well so far. What I will normally do is load a EA with defaults and as I see where I can adjust for pitfalls then I gradually make those changes. The 8 currencies that you see are what I leave trading and in both directions. I'm not a fan of uni-directional trading. You set yourself up for losses this way. It is good to have more than one or two currencies trading for diversification.
I also have a EA that I trade live that has a feature where if orders are placed in the direction of a move and suddenly you get a major swing in the oposing direction then it will close out the open trades and put in a reverse order trading with the opposite move making up the losses incurred from the previous orders. The GbpJpy and GbpChf gives me the best results from this EA.
The above settings aren't anything special, I just don't over-leverage! Ttyl, Kevin