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JoeCocker

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Posts posted by JoeCocker

  1. Tom´s EA

    in MetaTrader Expert Advisors

    Posted

    The EA is out but geeee are they crazy?

    I demoed it for some time and without being able to hedge your account will be drilled up in floating DD trades in no time. With hedging allowed you can survive about BE, so the profits 'ranked' in will be about or slighlty less the dd you have open as floating loss trades...

     

    Then the martingale is heavy. starting with 0.02 lot size (2% risk on 10K demo all pairs) it increases to 0.06 after the 3rd 0.02 lot trade then 0.12, then 0.18 finally 0.24 max observed in 1 month of demo trading this 'valuable' EA...

     

    Here is something else to observe as decision making if this EA is **** or ****:

    Overall Profit target is 60 pips on all pairs, SL is 400 pips fixed on all pairs.

    As soon as multiple trades are to be opened this makes a 'set of trades', the overall TP remains in total 60 pips and TP levels for this set of trades are adjusted, the SL remains for each trade 400 pips!

     

    Assume a simple example:

    trade1 opens and goes into DD for let's assume 30 pips,

    trade2 opens and goes aswell into DD for another 30 pips, meaning 60 pips DD on trade1, 30 pips DD on trade2

    trade3 opens and price still moves badly another 30 pips ... and so on

    History shows in some pairs we have a significant directional move of up to 900 pips without any retracement!

    Apply this to Tom'sEA and here is what you get for a 400 pip move against you:

    until the first trade goes into full SL the price moved 400 pips against you, assume every 30 pips trades are opened (this is NOT what the EA does, the EA does it in some sort of adopted logic but for simplicity I assume this and it matches on average the trades I had...) you get a total of 13 trades opened against you! The martingale so far observed max is 0.02 -> 0.02 -> 0.02 -> 0.06 -> 0.12 -> 0.24 from that I assume it goes linear on like that, meaning with 13 trades you are at 0.30, 0.36, 0.42, 0.48, 0.54, 0.60, 0.66 lot trade! Total of 3.84 lots open with a floating loss of 22590 pips of 0.02 lots

    In total the TP remains 60 pips, so after a move of 400 pips against you the total profit of all open trades on that pair in one direction needs to gain 60 pips... I am sick of such scam... calculate the R/R ratio (60/22590)...this is 376.5 to 1 and it becomes clear that you have 'a system' which has a hitrate of 99+% even though it looses in the longrun...

    imho you will only find out its a looser over very long time, this with a pricetag of 1997 USD, give me a break :-)

    Joe

  2. how to decompile a jfx file from Dukas platform

    in MetaTrader Expert Advisors

    Posted

    Dear experts,

     

    I wonder, I have a jfx of a custom development and wanted to look into the source.

    This is java on an API Dukas has developed.

    Its NOT fapturbo, its an own development which I gave to a coder.

     

    Is there a way to decompile jfx files? If yes, can you advise what needs to be done?

    I have tried to blindly open it with WinRar, Winzip but this didn't work.

    According to Dukas support there is no chance but I don't think it is that hard as FapTurbo developed their own compiler to ensure the code from them stays uncracked.

     

    thanks!

    Joe

  7. [REQ} GBPBOT

    in MetaTrader Expert Advisors

    Posted

    Re: [REQ} GBPBOT

     

    dear forum,

    here you go:

    http://www.4shared.com/file/238253842/549fb517/gbpbot.html

     

    and advanced:

    http://www.4shared.com/file/238255242/7c636f1d/gbpbot_advanced.html

     

    didn't buy into the indicator upsell...

     

    For me its rubish, I requested already refund, only sell orders (on basic system), making 50:50 equity curve for 2009, 8 times SL vs TP...

    Have fun nonetheless and Kudo if you believe it is worth it ;-)

     

    Joe

  10. what is the max lotsize realistically tradeable on MT4

    in MetaTrader Expert Advisors

    Posted

    Dear all,

    I would like to challenge the sense of MT4 platform once your account has increased in size.

     

    Is anyone able to judge what lotsize (full lot equivalents of 100K USD) is still dealable on the major players like forex.com, alpari(UK), FXCM...

    (If I missed a big MT4 player its not ment on purpose)

     

    I don't need a sharp figure but was just wondering if trading 10lots or alike is still 'possible'.

     

    And yes I know it depends on the liquidity and thus on the time, let's assume rather short term scalping in ASIA session on EURUSD (IMHO most liquid pair)

     

    Are there any warnings when to realize that the lotsize is too big?

    Does it help to split into multiple accounts? (I would guess yes, as the volume then hits in multiple chunks and it might be easier for MT4 brokers to serve multiple orders of let us say 10 orders each 1lot vs 1 order with 10lots)

     

    What professional platforms are out there? As of which volume would it be good to use straight liquidity provider? What are the costs?

     

    I know a bunch of questions but I can't get away from the feeling that MT4 is just good until about 50K account...

     

    thks,

    Joe

  17. FX Genius Robot Discussion

    in MetaTrader Expert Advisors

    Posted

    Re: FX Genuis Robot Discussion

     

    coming back to EA discussion:

    does anyone have a good and decent idea how to validate if a pricefeed is fast vs another one being slow?

    I thought that ping stats to the demo server would be a hint BUt its indeed only part of the game.

    More important is who in FX world 'leads' pricefeed, who leads the price creation?

    Then how about the MT4 providers = brokers, where do they get their pricefeed from? ECN? STP? Dealdesk? etc...

     

    Can someone come up with a decent idea how to check on price feed speed?

     

    thks,

    Joe

  18. What eas do you use with CFX (TheCollectiveFX)

    in MetaTrader Expert Advisors

    Posted

    Re: What eas do you use with CFX (TheCollectiveFX)

     

    Hi,

    MD does trade for me but not very often. I haven't changed any settings but am using the advanced tactics to increase the trading window of MD.

     

    I have seen that the feed seems 'flatter' than with others that seems to be the reason for MD not getting a 'trigger'.

     

    I am yet to test some private EAs which work VERY well (in comparison to forex.com earlier)

     

    cheers,

    Joe

  19. FX Genius Robot Discussion

    in MetaTrader Expert Advisors

    Posted

    Re: FX Genuis Robot Discussion

     

    @futron,

     

    how do you measure datafeed speed?

    thks for clarifying!

     

    btw, I am interested in your modifications re stop loss, could also make sense to 'risk' a few seconds delay before closing the position so to enable more brokers and avoid being seen by them?

     

    I am not good in jforex but have a dukascopy account with which I could try to measure datafeed speed once I understand how you actually measure it!

     

    cheers,

    Joe

  21. FX Genius Robot Discussion

    in MetaTrader Expert Advisors

    Posted

    Re: FXgenuis robot

     

    @simoniex,

     

    according to my research

    forex.com should be fine

    best is GlobalClearingGroup

    and good is prime4x

     

    this info is coming from owner/creator himself.

    Also interesting would be to have the Japanese broker he claims real account used working!

     

    I wish I could code an EA well enough as this sounds all too good to be true.

    Hope you can make it (and share!)

    thks,

    Joe

  23. Easy Day Package

    in MetaTrader Expert Advisors Request

    Posted

    Re: [req] Easy Day Package

     

    Not sure I understand you correctly...

    it should be simple:

     

    for example EA EUR/USD, comment out section (comment begin is /* and comment close is */ or you put infront each line //)

     

     

    if ((TimeDay(TimeCurrent()) > 16 && TimeMonth(TimeCurrent()) >= 4 && TimeYear(TimeCurrent()) >= 2009) || (TimeMonth(TimeCurrent()) > 4 && TimeYear(TimeCurrent()) >= 2009) ||
     TimeYear(TimeCurrent()) > 2009) {
     Comment("===Time of the EA_EasyDay_EUR-USD has EXPIRED===");
     Print("===Time of the EA_EasyDay_EUR-USD has EXPIRED===");
     return;
 
  }

     

    cheers,

    Joe

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