I backtest the new version with initial lot size 0.1 and my account was deleted very fast.
InterbankFX doesn't offer pure data from the server, but its downloaded directly from MetaQuotes. By loading the IBFX demo account up, hit F2, select EURUSD, press the download button, it will download all the available data from metaquotes automatically. By the way, I dont know Alpari doesn't offer 2 decimal places of lot size. May be some setting issue? Can anyone please check whether Alpari platform can be use? Thanks
this i upload here the instruction how to get the best tester modelling quality...
hope this can help u...:)
- as semi-automatic system with MACD alert confirmation (you can see results on my posts above);
- fully automatic way: I attached this EA to Metatarder to many charts.
Fully automatic way: 149.87 dollars in profit (demo) since market open today till now.
Hi, I'm new here but I see you have some interesting things and great people,I hope in the future I will be able to contribute to this forume as well.
1. why do you use the Macd alert in addition to the fully automatic way if at the end it misses out on trades?
2. don't you mind the large spreads it runs on your currencies?
Thnaks, but I know how to backtest. What I don't know is if Alpari lets us to open lots smaller than 0.1.
At demo alpari offers 2 decimal places of lot size, more movements and spikes than ibfx.
This EA is always as dilemma: deposit size vs maximum orders.
Why it is like that?
Because there is the other option: Multiplier. In my settings Multiplier =2.
It means the following:
- if MaxTrades=5 and Multiplier=2 so, (if EA will start with 0.1 lot size) the second order will be 0.2, 3rd order will be 0.4, 4th order will be 0.8 and 5th order will be 1.6 lot size. Because Multiplier=2: multiply by 2.
- if MaxTrades=10 and Multiplier=2 so the last 10th order will be by 51.6 lot size.
If you are using MaxTrades=10 and Multiplier=2 so you can easy open the order by 51.6 lot size on your account because you are having half a million deposit size just to try something
Why we are talking about MaxTrades?
This EA is based on MACD indicator:
- If everything is going fine and price is not changing the direction so we can get our 10 pips in profit by 0.1 lot size and that's all.
- If price changed direction for a while so EA will start to martingale increasing the lot size by Multiplier up to MaxTrades. Why? To reduce the losses or to get the profit finally.
Thus, if everything is going fine so we can get our 10 pips and will relax. If price is turning the direction (it is very possible for H1 timeframe) for some period of time (for 10 minutes let's say) so we can expect martingale type of trading. And this trading is fully related to the following:
deposit size vs MaxTrades by Multiplier.
As I do not have half a million deposit so I prefer to use MACD confirmation to filter the order: i am deciding which signal I will trade and which one not. I started with 5,000 deposit size, lot size 0.1, MaxTrades=5 and Multiplier=2. And i am trading 1 pair at the time. It is semi-automatic way.
Besides I attached this EA on Sunday 16th of December to trade in fully automatic way with same settings (MaxTrades=5 and so on). It is the results (in dollars):
All the trades were closed. It is +354 dollars for 2 days.
Just look at GBPUSD: EA opened one order and closed in profit. It is most good way of trade:
0.00 0.00 10.00 [/CODE]
And look at this trades: of course it was in profit finally but last order was 1.6 lot size ... because price went for long for a while and EA started to martingale:
[CODE]4 6377554 772188 2007.12.18 00:01 sell 0.10 cadchf 1.1421 1.1606 1.1411 2007.12.18 00:54 1.1442 0.00 0.00 -18.28
5 6377673 772188 2007.12.18 00:08 sell 0.20 cadchf 1.1425 1.1609 1.1419 2007.12.18 00:54 1.1440 0.00 0.00 -26.10
6 6377700 772188 2007.12.18 00:09 sell 0.40 cadchf 1.1431 1.1606 1.1421 2007.12.18 00:54 1.1443 0.00 0.00 -41.77
7 6377733 772188 2007.12.18 00:11 sell 0.80 cadchf 1.1438 1.1608 1.1428 2007.12.18 00:54 1.1433 0.00 0.00 34.81
That is nothing bad with it. But it is always necessary to think about this martingale and about this one:
As to spread so I checked the spread using some EAs or scripts (I posted the links to download on some my post on this thread 2 or 3 pages back). It is not a problem with 4 and 8 spread. But I am not using some pairs with spread 10 or 15 or 100 for example. But if you are trading in semi-automatic way so you will see it.
- Alpari UK is having 0.01 lot size.
- Alpari rus - 0.1 lot size only but you can open the order by 0.14 for example (with 0.1 as a muinimum.
Alpari UK and Alpari rus are different brokers.
Usually people are using the data from Alpari rus for backtesting during the 4 years for example (because it is most good data and so on).
Data for IBFX and for Alpari rus are very different sometimes.
If you prefer to use IBFX so backtesting with Alpari rus data may be useless for you in many cases.
Fully automatic method: today in the evening EA opened 2 orders 30 minutes ago on CHFJPY. It was closed right now:
0.1 lot size with 3.54 dollars and 0.2 lot size with 17.66 dollars.
I am using timefilter = true.
Sime-automatic method with MACD alert: I did not trade during the 2 days, sorry. Timefilter = false.
Alpari Russia allows lots 0,01 now from august it is micro account there now
Yes, just visited their website: alpari micro, 0.01 up to 1 lot size maximum, leverage 1:500. But not on demo: I did not have 0.01 lot size on demo account.
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