Hi Adnan,

I'm using the latest version 3.6, attached image set file and journal error.

Thanks,

Wesley

Please change LotModeAuto from True  to False.

I will verify and will check for this eror for mentioned Balance 1500USD. 

Hello Adnan,

Usually I trade with accont with commission, and I also noticed this bheavior. When recovery trading occour, and lots is 4 or more time the base lots, this type of accounts generate loss :-(

I'm switching from the free version to Saad TT and I'm waiting this update :-)

Thanks,

Andrea

Revised balance recommendations from my previous post.

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 calculated please see this post.

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

Hey Adnan,

SAAD TrendTracker closes the negative trades before it closes the positive trades. Then growth charts end up looking like this:

If you close the profit before you close the losses, won't that spike will go up instead? That would prevent the growth statistics from looking this bad. :)

Hope you are well. It's been quite silent around here.

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

Hi Henry,

Nice suggestion, I will change the code accordingly. Nice to hear you. 

BR

Henry!  Good to hear from you.  Thanks for your updated Balance requirements.

I've added this safety margin to my tracking sheet and have the following performance statistics:

Whilst you've been away I've had big issues with DD and am now using more conservative balance requirements.  My own Balance requirement rose to £4,413 per point!  I've also moved away from aggressive recovery to simple recovery.  I'm finding this is more stable in terms of DD (and ESMA rules) and still produces similar weekly returns.

How are your trailing profits going?

Hi brokerbear mcfoster,

My apologies - I'm using a mini account - so 0.1 is the lowest level which I can trade.  If you're using a micro account, then 0.01 would be the same.

Thus, if you were using 0.01 lot size, then I would recommend $2,550 for the same 5 pairs Adnan uses. You would then need $5,100 to trade at level 2 - 0.02 lot size.

Hope this helps.

Well I just lost my account thanks to the largest spike I have ever seen on EUR/AUD:

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

Henry - same here.  My broker just closed me out of 40% of my account.  Took me 1.5 years to build that up, and lost in 10 mins :-(

The decision is now - stay in, or withdraw remaining money and give up?!

I would be interested in your safety management. Not to bash you or something but to analyze it and to learn from eachother.

Interesting facts: Number of pairs, lotsize, balance per pair, leverage, lot multiplier of Saad TT

Here are these information about my account. At the current time i trade 15 pairs (risk distribution) with 0,02 lot (except GBPUSD 0,03 in buy direction, sell direction with 0,02 lot). I have about 1500 € in balance for each pair. So something about 750 per 0,01 lot. My leverage is 1:100. Lot multiplier 2 (not exponentially).

You should check for yourself whether your risk distribution is unbalanced. For example when you have lots of pairs with USD.

Also I think I have a good advice. You can´t expect an automated winning system. In my view you have to handle your trading depending on important news, political economically decisions and chart technique. This means from time to time it can be good to intervene in the expert. Sure you will kill some profits. But you are able to prevent the rising number of positions when the chart is going against you for weeks. And this reduces the risk of margin call.

For example I´m working with GBPUSD since may 2018. In buy direction the positions are handled from SaadScalper (Pending Orders). My very first loosing position is opened on 17th april 2018 at 1.43665. You see this is pretty bad at the current price and I think you all know the current political situation in Great Britain and the economic risks. From the beginning of may I used the internal upswings to get rid of as many open positions as I could. Depending on the news and the chart I closed some positions which were in profit, reduced the profit by closing some loosing positions to nearly zero and set new pending orders manually. At the end of the year for me it was clear that the politicians still are not able to fix the situation. And I think the trouble for Britain isn´t over yet. So I closed more loosing positions and made a loss by approximately 1300 €. That was also handy for reducing the taxes I will have to pay for 2018.

Anyway, if I would not have intervened in the expert I would have a lot more loosing positions and probably would have woken up to a bad surprise as well. But for my luck I had only a loss of 50 € because of high Spreads and Slippage.

I hope you guys will not allow to be beaten down by this fail. Nevertheless I wish you a happy new year, luck and the will to rise again.

Hi, I am sorry to see that your account was struck by 2019's rough start :/

I would have liked to ask you how the simple recovery worked out for you before that, did it happen regularly that the B-trades actually managed to make up for the original A-position?

Because I tried simple recovery once and it just kept popping up more and more B-positions that closed in small profit, but never got to the A-position, which kept accumulating negative swap. 

Given the latest events, I would like to switch my account from aggressive to simple recovery , but before I do so it would be nice to hear some positive reviews about that, if possible. 

Hope everybody will be chin up chest out again soon, let's turn this into a fresh start, we have a whole new year to make up for this. 

Hi FuzzyBear

My set up is as follows:

Pairs: AUD/JPY. AUD/USD. EUR/AUD. EUR/USD. USD/JPY (same as Adnan)

Trades:  Both long and short, depending on EA.

Lot Size:  Started on 0.1, moved to 0.2 when account was large enough (NB - I'm on a mini account, so 0.1 = 0.01)

Balance Requirements: £4,450 per lot size for all 5 pairs (so £890 per pair)

Trading Strategy:  Exponential, then Simple shortly after ESMA rules kicked in.

From my experience, I've had 2 major problems with this set up:

1) Weak trading over Xmas periods - both Xmas periods have resulted in problems for the EA.  Last year resulted in the beginning of the decline in EUR/USD & AUD/USD, which EA was never able to recover from (ended up having 8th generation trades by July).  This year's low volume has resulted in the Flash Crash this week, causing my broker to forcefully close trades. 

2) ESMA rules coming into force in August - resulted in massive margin requirements due to exponential nature of EA.

I'm now going to experiment without the use of recovery trades, using Stop Losses instead.

Hi Tim,

For me, Simple recovery was safer than Exponential.  This was due to the increased margin required by my broker as a result of the ESMA rules coming into force in August.  My 6th generation recovery trades (6.4 lot) needed a margin requirement of over £3,000 for just the one trade!  Using Simple, this became a 1.6 lot trade instead.

Unfortunately, the 2 pairs I struggled with - AUD/USD & EUR/USD - didn't rebound enough to cancel out the original trades.  On these trades, I spent 8 months using exponential recovery, followed by 5 months on the simple recovery (which began on 4th generation trades after some forced selling by myself).  Would these had recovered if I'd been able to continue with exponential recovery?  Who knows?!

At present, I'm continuing my main trading using simple recovery, but will experiment with Stop Losses on a demo account.

Hi guys,

I also think that the simple recovery is much safer then the aggressive one. I made several backtests over the timeframe of the big crash in 2008. In my opinion it is always a good idea to simulate a really bad situation.

The ESMA regulation is a big problem for each martingale system. If you are forced to use a low leverage you have to back up with a much higher amount of money.

Look out to be safe on the 15th January. The british house of parliament will vote for brexit. This could be a rough day and maye you should reduce your open positions in the pairs with GBP.

Good luck everyone.

Does anyone have any tips on using the StopLoss and Trailing features of this EA, or any recommendations as to which parameters are best to use on which pairs?

As you know, this EA has a high hit rate for initial trades.  Unfortunately it's the odd few that aren't hit which, over time, turn into the painful losing trades and end up decimating accounts.   I'm therefore looking into whether limiting the losses of these trades and ultimately running the winners produces a better overall return.  If anyone has any experience with playing with these, please let me know.

Hello,

I have a question about "Start Trailing After Trade".

Can I put, for example 5, so the EA starts trailing at the 6th trade?

Thanks,

Andrea