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Tim Kocher  
Patrick S.:

I've been using the expert for a month, and I don't have a big DD in EURUSD. I use the time frames: M1 twice, M5 twice, M15, M30, H1. Aggressive setting without trailing on all TF. From my point of view, the expert works quite well on EURUSD. Only one A and one B position open on M1 at the moment.

So, did you change, close or open positions manually? Other Magic Numbers set? 

Hi Patrick, 

I am using M5 on all pairs, aggressive setting without trailing. My first/the initial EURUSD long position is from April, 19th, so maybe you joined later I would guess? 
My positions do match Adnans signal, relatively big DD in EURUSD there, too. 

Not complaining for real though, just a bit nervous. From his signal's performance I understand that DD is part of the strategy, it happened in the past frequently and until now it has been resolved each time.

Jegan  
Is there is a setting on backtesting to say FIFO is not allowed?!!!
Henry De Jongh  
Jegan:
Is there is a setting on backtesting to say FIFO is not allowed?!!!

Hey Jegan,

there are additional strategies in this bot that don't work with the FIFO rule. For example during draw-down the bot may begin trading in the opposite direction to gain some profits and hedge trades giving you additional protection.

The bot will "give up" on recovery trades that are still positive when the trend changes, closing them before they turn into draw-down.

That's not possible with the FIFO rule, even if we do add a bunch of exceptions to make it work it's not going to yield the same kind of results and safety.

Déjà vu...

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

amiddup  

Henry - do you have any updated balance requirements during this period of large DD?  According to my calculations we should now be trading on around £2,500 per pip for the 5 pairs!

I fear we have some further downside for EUR/USD - I see the next major resistance level at least another 100 pips to the downside.  However that is a resistance level which has been in force since the beginning of 2017 - so it looks positive for a bounce in the right direction!

Henry De Jongh  
amiddup:

Henry - do you have any updated balance requirements during this period of large DD?  According to my calculations we should now be trading on around £2,500 per pip for the 5 pairs!

I fear we have some further downside for EUR/USD - I see the next major resistance level at least another 100 pips to the downside.  However that is a resistance level which has been in force since the beginning of 2017 - so it looks positive for a bounce in the right direction!

Hey amiddup,

I am waiting for these trades to actually close before making another post. Otherwise I will be making new posts every couple of hours!

Right now EUR/USD is at 400€/$ for 0.01 lots.

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

Sameh Elsabagh  
Henry De Jongh:

Hey amiddup,

I am waiting for these trades to actually close before making another post. Otherwise I will be making new posts every couple of hours!

Right now EUR/USD is at 400€/$ for 0.01 lots.

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

For EURUSD it has reached more than 700$ for 0.01, which looks like the biggest DD in the history of the signal and on our accounts. any update from Adnan what we should do

wibble  
What a f*****g nightmare
wibble  
Adnan's DD is at 77% as I write.

I bottled it and closed a bunch of trades at a big loss (and I mean big).  Today's drops would have wiped me out completely if I hadn't have done that.

The one change I've made is that all pairs are now using moderate recovery instead of aggressive.  Plus had to reduce my lot sizes.
amiddup  
wibble:
What a f*****g nightmare
I agree!  I’ve had to deposit more funds in my account to cope with this huge Eur/Usd DD. Interestingly, a large DD also occurred at exactly the same time last year - so let’s hope it recovers like last time too.
wibble  
amiddup:
I agree!  I’ve had to deposit more funds in my account to cope with this huge Eur/Usd DD. Interestingly, a large DD also occurred at exactly the same time last year - so let’s hope it recovers like last time too.
I wish you luck.  My lot size and account were big.  But the problem was that the aggressive recovery was killing me.  It doubles each time and then the currency kept on plummeting.  Like I said, I think we would have received a margin call today.  But the losses were so bad I was reluctant to add to it.  I'm still not convinced that eurusd has reached the bottom yet....

Good luck all!
Henry De Jongh  

I wonder just how many people already lost all their money all over the world. :(

I had to close some (non-EA) trades as well, closed all bots except for EUR/USD and EUR/AUD and deposited some more money. I have been placing some shorts on EUR/USD and EUR/AUD to make profits on the way down. If they reach a couple pips profit I put a trailing stop and open another one and repeat, earning me more money than losses and once the price goes up I am left with just 1 trade that's not too significant. Maybe that works for someone else as well. Too bad we can't monitor the accounts 24/7 though and I keep running out of margin too, got to sleep... good luck everyone...

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

Sameh Elsabagh  
Adnan, did you manually closed the EURUSD and EURAUD big lot position, as my account was exactly like yours with same setting and lot and EA didn't close them in mine
Henry De Jongh  

Adnan, algorithm suggestion:

• When the trend changes and you close a large trade in profit, add the amount of profit to an internal counter.
• While trying to recover, add the internal counter to the accumulated profit.
• Whenever all trades are closed, reset the internal counter.

What do you think? It could help close trades earlier without introducing any losses and temporarily boost the balance of the account during the draw-down to prevent margin calls.

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

Sameh Elsabagh  
Henry De Jongh:

Adnan, algorithm suggestion:

• When the trend changes and you close a large trade in profit, add the amount of profit to an internal counter.
• While trying to recover, add the internal counter to the accumulated profit.
• Whenever all trades are closed, reset the internal counter.

What do you think? It could help close trades earlier without introducing any losses and temporarily boost the balance of the account during the draw-down to prevent margin calls.

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

What I meant has he done this manually or the EA did it? as I am using the the setting as Adnan and the EA didn't behave as you explaining

Henry De Jongh  
Sameh Elsabagh:

What I meant has he done this manually or the EA did it? as I am using the the setting as Adnan and the EA didn't behave as you explaining

I don't know. Are you sure you had identical trades, are you using the same broker with the same type of spread? Did the opening dates match your opening dates? Do you have identical settings? It's likely that you weren't in sync with his account.

Also my post was another algorithm suggestion, it doesn't behave like this yet. It has nothing to do with your post. It's a potential new feature.

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

wibble  
Imagine you have a buy A trade which goes negative.  You then have a series of recovery B trades in the same direction which also all go negative so you have a big drawdown.  If the trend is clearly a sell then what I find is that it will do a series of sell A trades and close them as per your settings to make small amounts of money.  All the while your buy trades are getting worse and worse especially using aggressive settings.

Instead of this scenario, would it be viable to instead open the sell trades as B trades with the appropriate lot size e.g. if you are using aggressive and your largest recovery B buy trade has a lot size of 0.4 then it would instead open a recovery B sell trade at 0.8

I have no idea if this would work or not or if it just fundamentally is flawed but thought I'd throw it out there to see
wibble  
Sameh Elsabagh:

What I meant has he done this manually or the EA did it? as I am using the the setting as Adnan and the EA didn't behave as you explaining

I suspect he manually closed them but not certain.

Where is Adnan anyway?  Hope he hasn't abandoned his trusty followers...
Adnan Iqbal  
wibble:
I suspect he manually closed them but not certain.

Where is Adnan anyway?  Hope he hasn't abandoned his trusty followers...
Sameh Elsabagh:
Adnan, did you manually closed the EURUSD and EURAUD big lot position, as my account was exactly like yours with same setting and lot and EA didn't close them in mine


I believe, you are talking about below trades.  


Please note that, I am trying to introduce a new feature in EA, it is currently unavailable in published release and I cannot test on strategy tester. First time it hit due to draw down and heavy lots. It may have pros and cons.

Main idea to introduce this feature to handle heavy lots, these are not healthy for account if opened. EA will start monitoring heavy lots and close the trades in profit. In my current settings, EA identified three heavy lots more than 1 and closed the trades in profit. But I am still looking the code why it closed the lots .1,.2 and .4. Probably some coding issue. 

Pros: It may help account to be safe due to heavy lots opened

Cons: If trades are closed, Original strategy will be impacted and draw down may stay longer.

It still requires more testing. If you need me I can try to publish it without further testing and it will depend upon users, how to use it.


BR

Adnan


wibble  
Adnan Iqbal:
Hi Adnan.  Good to hear from you.  I would personally prefer you carried on testing.

Did you read my idea in post 1096?  Is it just unworkable?
Henry De Jongh  

Revised balance recommendations from my previous post.

USD/JPY TF M5 (400€/$ per lot)
AUD/USD TF M5 (750€/$ per lot)
EUR/USD TF M5 (500€/$ per lot) (favorite)
AUD/JPY TF M5 (300€/$ per lot)
EUR/AUD TF M5 (250€/$ per lot) (favorite) (5 pips target)

Minimum Operating Balance: 2200€/$

These numbers are based on real live trading draw-down experience and what is said in the forums. (Usage example: If EUR/USD is 0.04 lots you will want to keep 2000€/$ for that).
It's assumed you are using all of these pairs simultaneously so in worst-case scenarios they can borrow money from each other.
For more details on how these figures were calculation please see this post.

Henry de Jongh
Software Developer
https://00laboratories.com/MT4 Trading Signal

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