Maximum profit (MFE) and maximum loss (MAE) values are recorded for each open order during its lifetime. These parameters additionally characterize each closed order using the values of the maximum unrealized potential and maximum permitted risk. MFE/Profit and MAE/Profit distribution graphs display each order as a point with received profit/loss value plotted along the X-axis, while maximum displayed values of potential profit (MFE) and potential loss (MAE) are plotted along the Y-axis.
Place your cursor over parameters/graph captions to see the best and worst trading series. Find out more about MAE and MFE distributions in the article Mathematics in Trading: How to Estimate Trade Results.
The average slippage based on execution statistics on real accounts of various brokers is specified in pips. It depends on the difference between the provider's quotes from "RoboForex-ProCent" and the subscriber's quotes, as well as on order execution delays. Lower values mean better quality of copying.
Little Feet V3.1 (V3.0 until 11 November) on Robo CENT Account
This signal is the result of running Little Feet EA, charts reviewed every month or two.
The name Little Feet was chosen, because this EA will trade relentlessly using small lots and many small steps. It is therefore perfect for rebates as well, and it runs 24/7. Close your eyes and sleep.
V3.1 has more options to filter out trades, plus a very clever mechanism which supresses buys on a sharp drop, but then buys as price recovers the way up. Its not perfect, but good enough to reduce Drawdown a little. Sometimes trades are missed which would have made money, but you can't have your cake and eat it as well. Don't buy during a sharp fall, but buy when ranging, or.... recovering!
Little Feet is a Three Dimensional Grid system. It works hard, does a lot, generates healthy rebates, but also relies on DD. Periodically you will hit a DD of 30%.
We trade the smallest lotsize and re-trade often. The Grid will handle movement of orders from the small grids to the auto calculated larger grids, and shift them back when ready. LF3.1 has 4 Grids. You only specify the first.
So lets answer the questions before they even get asked:
1) Stop Losses: These are hidden, so you will NOT see Stop losses. A Boolean enables this functionality, but I have it turned off. My experience tells me Brokers love Stop Loss hunting, so the EA will decide when to close, brokers do not need to know.
2) Profit Estimate: Our goal is to obtain gains of approximately 40+ percent in each 60 day period, a very achievable target. This EA is very cyclic, gains are gradual, DD can grow quickly, and rebounds tends to be even quicker. When used correctly you can expect good profits in each cycle, although each cycle will have its highs and lows.
3) Drawdown: DD on a worst case scenario is estimated to reach 30%, so... we advise you NOW that you can expect a 30% Draw Down from time to time. This is not an 'if', but a 'will'. When this happens you will find the Account will accumulate DD quickly, consolidate, and then spring back with Venim! If this DrawDown OR the Absence of Server Side Stop Losses (SLs) scares you, then run for the hills and don’t look back. Sorry to see you go, but wish you all the best.
4) Account Configuration: Strictly $1000 or more in a Cent Account. DO NOT subscribe on an ECN because your risk will be higher. Do not subscribe on a Micro Account as the Multi Levels will not be scaled properly. The parameters are optimised for a large volume of smaller trades on a CENT account only. If you have any questions, then you should ask. There is a separate signal for the ECN configuration.
DO NOT follow this signal with money you can not afford to lose. The 'only' promise we can make, is that I will treat your funds with the 'same' diligence as we treat my own funds.
A good Rebate Service will earn you 5 - 10% per month (almost worthwhile by itself). It would be best if you contact me before opening an XM account, or any advice over Rebate Services. Not all Rebate Providers give you a fair deal.
Just let the results speak for themselves...
Reviewing charts this week, for adjustment. NZDCAD exposure to be increased. NZDUSD less exposure.
This Account has done much worse then the ECN sister account. In contrast it should have done better. Symbol choices were similar, but the addition of GbpUsd and XauUsd (after Trump) has not helped this account. The positive however, is that the DrawDown and Losses have already been absorbed. Its like pressing a spring, it comes back...
Despite its underperformance, it's equity is up 100%, its my birthday this week and I'm in a mood to spend money. Happy Birthday to me...
Slowly and Surely... Bad Pair Choices has made this less profitable then what I envisaged. Nevertheless, its profit...
DD got higher than what I expected (40%) resulting from Trump's election but it has stabilised now.
Although the chart TF does not matter too much, the EA will check some indicators (mandatory in V3, optional + more in V3.1) to make sure it is not getting on the wrong side of a trend which will pull back. On Weekly of course this could mean no trades for several week.
SO todays change is: All charts now set to 4H for a more balanced performance, and 3.1 has been uploaded.
Nothing else has changed. Next week could be a difficult week!