garthy

The entry method is nothing particularly clever, I just determine the trend by checking the direction of a couple of exponential moving averages. I make sure I've always got a position in the market so I can get some pips out of the trend (I don't take any extra trades on nfp if I can help it) usually 4-6 trades maximum. I would not disclose the exact method behind the entry but I don't think it has much to do with the results anyway.

I believe you are correct, no one can say dump a system because the stop loss is too high. Everyone has different methods, and for me I cant take a profit scalping, theres too much human emotion involved. If you can make a profit with a 8-20 pip stop loss good luck to you I wish I could, but experience has proved I cant. There so much noise in the market these days, I believe (for me anyway) its best to ignore the noise and go with the trend. Adjust your lot size for the stop loss, and avoid the market noise, I certainly cant trade the noise without losing.

 

I am testing this strategy also with the method of taking 2 trades, and taking profit at 300 on one trade, and 600 on the other, thus improving the money management with the stop loss at 300. I have a signal provider account on zulutrade for this but zulutrade is limited. It could not recognise closing half a trade, so I adjusted to taking 2 trades at the same time, and it cant cope with this either! So although my zulutrade account is doing reasonably well it is only showing half my profits for many trades.

Hi, Ive made money and lost it all again, to the tune of about £5000

 

I am testing a strategy that seems to be working well at the moment, the key seems to be to avoid all the noise in the market by using small lot sizes and larger stop loss,take profit for me. This is just on demo, I dont have any real money left to trade it live, but results would be the same, as it is not a scalper and doesnt rely on the spread etc.

 

http://www.mt4i.com/users/garthy

 

see my thread "Pips Making Strategy, PLEASE SEE MY LIVE STATEMENT on MT4i"

Hi, I have not documented it yet, as it is in testing stage. It basically uses moving averages to determine trend, and various entry methods, the entry time is not crucial, but I think the money management is, ie the stop loss and take profit values. I have lost about £6000 trading to get to this point so not sure if I would just give strategy completely away. I am willing to help other traders though by offering a free account management service (for 3 months) so I can get some testimonials on the results with a live account. If you are interested in me managing your account for free (with the provision you would give me a testimonial if profitable) let me know.

300 pips stop loss strategy,best throw it away ,me use only 8 - 20 pips stop loss only .

 

Hi 300 pips is fine if you use a small lot size, I am using 0.06 lot size which gives $180 stop loss or take profit, I have been unsucessful with small stop losses, this has worked for me!

Hello all.

 

I have been forex trading for about 18 months, however I have always ended up losing ALL the money I made ( I did make money for a while and thought my system was great, for about 8 months), I stuck with it despite the drawdowns, and ended up losing most of it. I have tried also, the best forex mentor services, and have still managed to lose money, the thing is I work full time and end up missing the trades. Also the mentor services and signal pages often give advice that proves to be wrong. The problem was I was often right about the trend but my stop loss was too small, and I ended up with a string of losers.

 

I have been testing a system on and off for over a year, and it always seems to work, however It can go for weeks without making money, but then will more than make up for it in the long run, and usually turns a profit each month.

 

The strategy basically trades with the trend, and has a 300 pip stop loss and 300 pip take profit (I am also testing one strategy with a 300 pip stop loss and splitting the trade, taking half profit at 300 pips and leaving the rest to run to 600 pips.)

 

This stop loss seems to help with days that go against the trend as it is more than most daily ranges, and often comes good in the end. As I said, I've lost all my real money and this is a demo account, however as the take profit is so high, it does NOT rely on spreads, so should work with ANY broker.

 

I have decided to use the strategy and record the results on mt4i, it has been running for 116 days so far, with every month in profit, it will be interesting to see how it goes in future.

 

Please view my results on

 

http://www.mt4i.com/users/garthy

 

Feel free to copy the trades from there, and comment on my risk reward, money management etc, I welcome comments especially from seasoned traders.

 

 

Thanks and good trading!

Hi everyone, I am using an EA to trade in a certain way, I have invested over one year forward testing various settings and have found a way to trade profitably, however every few weeks a major move in the market wipes out the account.

 

I need to set an equity stop loss (which I can do with the equity trail ea listed on this board elswere) however I need to stop all instances of EA's trading once that stop loss has been hit, otherwise the EA's continue opening trades in advers market condiditions.

 

I would like to automate the function of pressing the enable/disable EA's button but dont beleive this is possible. Can anyone suggest anything either way. I was thinking maybe the other way would be to set a Global variable in the trailing stop EA i.e. ALLOWTRADES and set it to "1" for yes, then re-set the value of ALLOWTRADES to "0" when the trailing stop is triggered) and that global variable is checked in my EA's prior to trading, IE if Global Variable if set to 0 then dont trade?

 

Can anyone give me an example of how I would code this.

 

Here are some forward test statements from my EA so far. Notice the great performace, then the great loss! I want to minimise the risk on the loss to about 25% of equity.

 

Sorry I do not have permission to attach my statements.

Hi, I am interested in this EA too, however the other steinitx robots I have tested long term have not given me good results at all! I have used the indicator, and it seems to work best when there is a strong trend, and it just picks a good entry when prices have retreated, It seems to work most reliably for me on the daily chart, but thats maybe because I dont have much time to trade.

 

If anyone has this then please share, I would be happy to do a long term test and post my results.

Re: Forex Robot World Cup

 

Just a note regarding FXCM UK. I experienced SERIOUSLY bad execution on live MT4 account. We're talking unable to close a trade for 10-15 minutes (This happened on one occasion for a period of 3 hours) I know it was down to their servers, as I spent hours checking through all my logs on mt4, and I was live with other brokers on the same machine with NO issues. Seriously If manual trading is this hard how can a robot function, :?: BEWARE.

Re: Fusion v1.1a

 

Hi, I'm not a programmer, but I have a link to a dll compiler, it has 30 days trial, and I have managed to open and view the highrider dll file,

 

http://www.heaventools.com/download-pe-explorer.htm

 

Does this help anyone?

Re: Forex Robot World Cup

 

Just an observation, although I'm very interested in these robots.

 

....However to be devils advocate, If 24 robots with different trading techniques (each technique profitable in differing market condidions), and lets say that under the strict criteria, that has not been made known, they selected 24 robots, that each HAD to work best in DIFFERENT market conditions. This gives a good chance that some if the robots will perform well for a SHORT period.

 

Now as the competition only runs for 2 months, the chances are that a few of those robots will perform very well during specific conditions, if the competition ran at a different time of year there might have been a completely different set of winners?

 

I think for the results to be valid the competition should have been run for at least 6 months OR MORE.

 

I have had robots running on demo for about 6 months VERY profitably (GT Shadow & Robominer) only to find after 7-8 months they completely blow out the account (and NO I did'nt increase the risk by trading higher lots) also by this time they were on my live accounts, and this combined with the forced reduction of leverage (I was only given a weeks notice that my leverage would reduce by HALF, 200:1 to 100:1) I lost 2 of my live trading accounts.

 

So all I'm saying is guys be careful with real money on these robots.

Re: EA Shark 5.0 Ultimate

 

I've just started using EA shark 5 ultimate, It made a few good trades and then lost double what I made, I have now turned it off.