Rio Posted September 24, 2013 Report Share Posted September 24, 2013 i have got a new usd/cad opened.. did you also load the preset for usd/cad? if so, then its getting really weird :) I have a boatload of orders in negative float at the moment... but still within the max 30% drawdown as advertised... so I am not worried. It's close to 15% though. Just looking at the entries it's taking.... it gets the overall direction correct, but often falls into market traps and gets slipped by the market for considerable drawdown before coming into profit. Incredibly inefficient way to trade, but I guess it works out in the long run. Quote Link to comment Share on other sites More sharing options...
Sepp Malec Posted September 24, 2013 Report Share Posted September 24, 2013 I have a boatload of orders in negative float at the moment... but still within the max 30% drawdown as advertised... so I am not worried. It's close to 15% though. yeah, first time i have seen it have so many orders open... but i guess there is a first time for everything :D Quote Link to comment Share on other sites More sharing options...
Rio Posted September 25, 2013 Report Share Posted September 25, 2013 yeah, first time i have seen it have so many orders open... but i guess there is a first time for everything Still better than the huge drawdown the Pyramid XE routinely gives.... even if the entries could be better. Quote Link to comment Share on other sites More sharing options...
cokhisaa Posted October 5, 2013 Report Share Posted October 5, 2013 Dear Rio With Piramid 8 , how much min balance do you use ? Thansk fo your help for us Quote Link to comment Share on other sites More sharing options...
cytyroller Posted October 6, 2013 Report Share Posted October 6, 2013 PY XEv2-2 has a perfect "engine", I think it can give a lot more safer Pips than Mag v4. Mag v4 is based on indicators and such robots market eaten as a starter. In any case, thank you for your efforts Rio. :)>- Quote Link to comment Share on other sites More sharing options...
Rio Posted October 7, 2013 Report Share Posted October 7, 2013 Dear Rio With Piramid 8 , how much min balance do you use ? Thansk fo your help for us from the website:- Recommended leverage: not below 1:200. Recommended minimal deposit: 500 USD/cent for 0,01 (Insta Forex lot 0,10) for each currency pair. Profitability: around 50% per month, or up to 850% per year with re-investment of gained profit. Personally I would stick to the XE2.2 rules, and use $1500 minimum per pair. Note that Pyramid 8 has settings for only the EU at 3% risk. No GBPUSD settings exist AFAIK As I have not tested Pyramid 8 as much as I should, I can't really comment further. Do your own demoing. PY XEv2-2 has a perfect "engine", I think it can give a lot more safer Pips than Mag v4. Mag v4 is based on indicators and such robots market eaten as a starter. I agree, that Pyramid XE is a little more "holistic" in the sense that it doesn't use much in the way of indicators, but currently Magelan v4 has kept it's promise of under 30% drawdown even recently as two pairs are getting smashed around by the USD weakening. This is less drawdown than I have ever seen from Pyramid XE, with more profit. I do get a bit upset when I see some of the trades Magelan takes though. It's taken a recent USDCAD sell trade which has not closed out for ages, which for me would have been a BUY signal and paid out much quicker. cokhisaa and energetic 2 Quote Link to comment Share on other sites More sharing options...
cokhisaa Posted October 8, 2013 Report Share Posted October 8, 2013 Dear Rio ! Could I try XEv2-2 rule ? Many thanks Quote Link to comment Share on other sites More sharing options...
Rio Posted October 8, 2013 Report Share Posted October 8, 2013 Dear Rio ! Could I try XEv2-2 rule ? Many thanks In Pyramid 8? Pyramid 8 is a rewrite of 5.2 (and XE essentially). You can't use the same set files. Reason is that Pyramid 8 uses MAs to place averaging orders and lock orders... so it is actually more reliant on indicators, and indeed the settings have more entries for this more fine grained control. As was said, the only preset file that it comes with is one for the EURUSD. If you want to run it on two pairs, you need to somehow generate presets for GBPUSD by optimizing the settings on GBPUSD data and cut the risk on both pairs down to 1.5% Otherwise Pyramid 8 uses a similar strategy to Pyramid 8. If you've toyed with XE for long enough, you'll recognise what it's doing more or less, as it is essentially the same but with more intelligent lock/averaging trading. Also, Magellan v4 got an update recently. No new set files as far as I can tell, and they haven't bumped the version. I wonder what changed? cokhisaa 1 Quote Link to comment Share on other sites More sharing options...
cokhisaa Posted October 8, 2013 Report Share Posted October 8, 2013 Dear Rio ! Sorry about my english , I don't known XE2-2 is Pyrimed 8 :) Here are my BT from 1/ 2011 until now of Pyramid 8 http://www.4shared.com/web/login?sId=oCErRTHwSQweRT3F&fau=1&ausk=oCErRTHwSQweRT3F&au=1 Best Quote Link to comment Share on other sites More sharing options...
Rio Posted October 9, 2013 Report Share Posted October 9, 2013 No, Pyramid 8 is not XE. Both have similar trading strategy, but Pyramid 8 is different enough to be safer and less profitable. cokhisaa 1 Quote Link to comment Share on other sites More sharing options...
qkhanh02 Posted October 30, 2013 Report Share Posted October 30, 2013 Hi Rio, Did you try Magelan new version ? I did some backtests and see that it's showing not good result. I'm so confused about using old version or switch to new version :( Quote Link to comment Share on other sites More sharing options...
Sepp Malec Posted October 30, 2013 Report Share Posted October 30, 2013 Hi Rio, Did you try Magelan new version ? I did some backtests and see that it's showing not good result. I'm so confused about using old version or switch to new version :( are you thinking of the new 4.11? Quote Link to comment Share on other sites More sharing options...
Rio Posted October 30, 2013 Report Share Posted October 30, 2013 I'm toying around with 4.11 on demo. So far it seems that the averaging presets are making more trades, but has drawdown... whereas the stop loss trades don't fire that often, but usually hit breakeven so as not to profit much. Quote Link to comment Share on other sites More sharing options...
Rio Posted November 26, 2013 Report Share Posted November 26, 2013 Finished running a month demo of 4.11 Indeed, averaging makes more money, but you must tolerate drawdown. Stop loss trades didn't make as much, but no major drawdown. Choosing which set to use is a decision of aggression vs safety IMHO. (I'm sticking with aggression!) The EA seems to be able to pull about 15% per month consistently while averaging (although there is drawdown to content with). Maybe a good strategy is to build you account up with averaging and then when it's big enough, go back to using stop losses so you can make withdrawals on a routine basis. I also tried Hedge gate (Their latest EA), but it's a dud. I don't think it will be in profit after 30 days in which case I should be able to get a refund. What a shame. I had high hopes. Sepp Malec 1 Quote Link to comment Share on other sites More sharing options...
qkhanh02 Posted November 27, 2013 Report Share Posted November 27, 2013 Hi Rio, So do you still use the 4.0 or move to the 4.11 ? My 4.0 is in large drawdown with GBPUSD and USDCAD now :( Quote Link to comment Share on other sites More sharing options...
energetic Posted November 27, 2013 Report Share Posted November 27, 2013 Hi, Rio, 1. have u run 3 default pair with default setting? 2. have u run it non-stop with 24 hrs a day ? Thanks Finished running a month demo of 4.11 Indeed, averaging makes more money, but you must tolerate drawdown. Stop loss trades didn't make as much, but no major drawdown. Choosing which set to use is a decision of aggression vs safety IMHO. (I'm sticking with aggression!) The EA seems to be able to pull about 15% per month consistently while averaging (although there is drawdown to content with). Maybe a good strategy is to build you account up with averaging and then when it's big enough, go back to using stop losses so you can make withdrawals on a routine basis. I also tried Hedge gate (Their latest EA), but it's a dud. I don't think it will be in profit after 30 days in which case I should be able to get a refund. What a shame. I had high hopes. Quote Link to comment Share on other sites More sharing options...
Rio Posted November 27, 2013 Report Share Posted November 27, 2013 Hi Rio, So do you still use the 4.0 or move to the 4.11 ? My 4.0 is in large drawdown with GBPUSD and USDCAD now :( Moved to 4.11 It is only about 20% dd at the moment. These hanging trades take a long time to clear out. In the meantime, the EA profits some more and with larger lot sizes so that the losing trade lot sizes seem insignificant against the amount of profit being gained in the meantime. I made back the balance that hedge gate wiped from me. Now We just need the pound and cad to retrace and I can clear the books. Quote Link to comment Share on other sites More sharing options...
Rio Posted November 27, 2013 Report Share Posted November 27, 2013 Hi, Rio, 1. have u run 3 default pair with default setting? 2. have u run it non-stop with 24 hrs a day ? Thanks Yep. That's correct. Quote Link to comment Share on other sites More sharing options...
qkhanh02 Posted November 28, 2013 Report Share Posted November 28, 2013 Moved to 4.11 It is only about 20% dd at the moment. These hanging trades take a long time to clear out. In the meantime, the EA profits some more and with larger lot sizes so that the losing trade lot sizes seem insignificant against the amount of profit being gained in the meantime. I made back the balance that hedge gate wiped from me. Now We just need the pound and cad to retrace and I can clear the books. Hi Rio, I see that my settings for EURUSD and USDCAD are the same? Are you getting it too? Quote Link to comment Share on other sites More sharing options...
Sepp Malec Posted November 28, 2013 Report Share Posted November 28, 2013 In the meantime, the EA profits some more and with larger lot sizes so that the losing trade lot sizes seem insignificant against the amount of profit being gained in the meantime. that must depend on the account size, because mine is not increasing lot size when in DD Quote Link to comment Share on other sites More sharing options...
Rio Posted November 28, 2013 Report Share Posted November 28, 2013 that must depend on the account size, because mine is not increasing lot size when in DD They've changed their presets so that you have to set risk yourself (they've probably done this to cover their asses and to point the finger at other customers who overleverage). To get it to work like 4.0 you have to set LOT_IS_FIXED to false. 1% risk per pair is about right. I would never use a total of more than 3.0 risk across all pairs, especially when averaging. Anyways, I am reverse engineering the EA. Trying to rip out the averaging routines and the on-screen display... so that may I can rewrite large chunks of the EA and get it to trade a little bit like a proper trader. It is taking a lot of time as it is a complex EA Sepp Malec 1 Quote Link to comment Share on other sites More sharing options...
Sepp Malec Posted November 28, 2013 Report Share Posted November 28, 2013 They've changed their presets so that you have to set risk yourself (they've probably done this to cover their asses and to point the finger at other customers who overleverage). To get it to work like 4.0 you have to set LOT_IS_FIXED to false. 1% risk per pair is about right. I would never use a total of more than 3.0 risk across all pairs, especially when averaging. Anyways, I am reverse engineering the EA. Trying to rip out the averaging routines and the on-screen display... so that may I can rewrite large chunks of the EA and get it to trade a little bit like a proper trader. It is taking a lot of time as it is a complex EA yeah, just changed the risk to 0.4 per pair, as i was not shure if the 1% they have in the presets was for each pair, or for the 3 pairs combined Quote Link to comment Share on other sites More sharing options...
Sepp Malec Posted November 28, 2013 Report Share Posted November 28, 2013 *double post* Quote Link to comment Share on other sites More sharing options...
Rio Posted November 29, 2013 Report Share Posted November 29, 2013 I've been running with 1.0 risk per pair and it's been OK. I haven't seen any issues. for example, Pyramid 8 uses 3.0 risk on one pair, so with 1.0 risk amongst 3 pairs on Magelan the risk is levelled out even further. I haven't seen drawdown get up over 30% (and if so, not by much) The nice thing is that balance is constantly increasing as drawdown stays fairly constant. Quote Link to comment Share on other sites More sharing options...
Sepp Malec Posted November 29, 2013 Report Share Posted November 29, 2013 I've been running with 1.0 risk per pair and it's been OK. I haven't seen any issues. for example, Pyramid 8 uses 3.0 risk on one pair, so with 1.0 risk amongst 3 pairs on Magelan the risk is levelled out even further. I haven't seen drawdown get up over 30% (and if so, not by much) The nice thing is that balance is constantly increasing as drawdown stays fairly constant. what leverage are you running with? because i can see that there is big differens in the lot size that magelan chooses on a 1:300 and 1:888 account with 1% in risk level Quote Link to comment Share on other sites More sharing options...
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