freddy Posted January 26, 2011 Report Share Posted January 26, 2011 Here is a msg posted on t2w. So do not be discouraged. And that confirms what we were talking at the beginning of your thread. Just a little week to wait and here's the $ $ $ $. ;) ====================================== #343 Re: Turbo Morning Trade EA After backtesting TMT many times, it is true that if you trade the EA in December and January, expect big losses. I got a £1000 account to grow to over £20k just trading between February and November 2010 with 5% risk. I still think there is massive potential with this EA, you just need to know which days to leave the PC switched off! It's just far to easy (I believe anyway) to get disheartened at a string of losing trades and try to blame the strategy. February to November on TMT = pretty good gains. Happy trading... ======================================== Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 27, 2011 Author Report Share Posted January 27, 2011 Hi Bill, I usually don't like EAs so much, but this one seems quite interesting and I may consider buying it soon. I have few questions, if you don't mind. I see you use Tadawulfx. The minimum lot size and increment is 0.05. If you change: LotsDecimals=2 (instead of 1) Do you think FMT will take it into account and if yes, can you try to backtest with this parameter, it could boost a little more your already fantastic backtest! (and lower the risk on the early stages). Also, if you get the time, could you try a backtest with (both parameters) but with the beginning date: April 11th to see if it goes through DD, or if it crashes! And last one, are you happpy and confident with Tadawulfx? Thanks a lot for your answers. Freddy Sorry I tried responding to this earlier but got an error, and then I forgot about it later. I have actually tried setting the lot size to .05 and change the LotsDecimals to 2, but unfortunately this EA doesn't seem to work that way. It would be a nice feature to have to score a little extra cash. Another thing feature I wish this EA had was going beyond the MaximumLots setting. For example, if my RiskInPercent requires a position larger than MaximumLots, then open up additional positions with the remainder. If this were possible, it would exponentially increase the backtest I linked earlier. I sent Marc an e-mail about this but haven't gotten a response. To circumvent this I'll probably end up using multiple charts with this EA running. I tried my settings starting on April 11th and it blew the account. Like I said, these settings are extremely aggressive and very risky, and not for the faint of heart. I haven't been with TadawulFX for very long but so far I am very happy with them. The customer support is always very quick and friendly, and the spreads are small and fixed. freddy 1 Quote Link to comment Share on other sites More sharing options...
ryujeans Posted January 27, 2011 Report Share Posted January 27, 2011 Here is a msg posted on t2w. So do not be discouraged. And that confirms what we were talking at the beginning of your thread. Just a little week to wait and here's the $ $ $ $. ;) ====================================== #343 Re: Turbo Morning Trade EA After backtesting TMT many times, it is true that if you trade the EA in December and January, expect big losses. I got a £1000 account to grow to over £20k just trading between February and November 2010 with 5% risk. I still think there is massive potential with this EA, you just need to know which days to leave the PC switched off! It's just far to easy (I believe anyway) to get disheartened at a string of losing trades and try to blame the strategy. February to November on TMT = pretty good gains. Happy trading... ======================================== Would you be able to share your TMT settings, please? I'd very much like to take a look. Thanks! Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 27, 2011 Author Report Share Posted January 27, 2011 Here is a msg posted on t2w. So do not be discouraged. And that confirms what we were talking at the beginning of your thread. Just a little week to wait and here's the $ $ $ $. ;) ====================================== #343 Re: Turbo Morning Trade EA After backtesting TMT many times, it is true that if you trade the EA in December and January, expect big losses. I got a £1000 account to grow to over £20k just trading between February and November 2010 with 5% risk. I still think there is massive potential with this EA, you just need to know which days to leave the PC switched off! It's just far to easy (I believe anyway) to get disheartened at a string of losing trades and try to blame the strategy. February to November on TMT = pretty good gains. Happy trading... ======================================== Yeah I'll be going back into the full swing of things in February next week, and I'll probably top off my account so I can start at $1000. Next year I will definitely be staying far away in December and January. In your previous post you said that you were thinking of buying this EA, and in this post you said you've been trading with it since February 2010...? Quote Link to comment Share on other sites More sharing options...
freddy Posted January 27, 2011 Report Share Posted January 27, 2011 Would you be able to share your TMT settings, please? I'd very much like to take a look. Thanks! I don't have his settings! (see below) Yeah I'll be going back into the full swing of things in February next week, and I'll probably top off my account so I can start at $1000. Next year I will definitely be staying far away in December and January. In your previous post you said that you were thinking of buying this EA, and in this post you said you've been trading with it since February 2010...? No, the post labeled #343 is a message I found on T2W, last night, it is not from me! Here is the link: hxxp://www.trade2win.com/boards/forex-strategies-systems/110666-turbo-morning-trade-ea-43.html[/Code] Quote Link to comment Share on other sites More sharing options...
freddy Posted January 27, 2011 Report Share Posted January 27, 2011 Sorry I tried responding to this earlier but got an error, and then I forgot about it later. I have actually tried setting the lot size to .05 and change the LotsDecimals to 2, but unfortunately this EA doesn't seem to work that way. It would be a nice feature to have to score a little extra cash. Another thing feature I wish this EA had was going beyond the MaximumLots setting. For example, if my RiskInPercent requires a position larger than MaximumLots, then open up additional positions with the remainder. If this were possible, it would exponentially increase the backtest I linked earlier. I sent Marc an e-mail about this but haven't gotten a response. To circumvent this I'll probably end up using multiple charts with this EA running. I tried my settings starting on April 11th and it blew the account. Like I said, these settings are extremely aggressive and very risky, and not for the faint of heart. I haven't been with TadawulFX for very long but so far I am very happy with them. The customer support is always very quick and friendly, and the spreads are small and fixed. Thank you, Bill for your answer. I'm maybe not quite awake, but I do not understand the problem with the "MaximumLots" parameter! I see in your Strategy Tester Report TurboMorningTrade_EA_1.3 ...RiskInPercent=22; MaximumLots=40; So why not put a higher number,60,80 or 100 ( e.g. max lot your broker accepts.) ? Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 27, 2011 Author Report Share Posted January 27, 2011 (edited) Thank you, Bill for your answer. I'm maybe not quite awake, but I do not understand the problem with the "MaximumLots" parameter! I see in your Strategy Tester Report TurboMorningTrade_EA_1.3 ...RiskInPercent=22; MaximumLots=40; So why not put a higher number,60,80 or 100 ( e.g. max lot your broker accepts.) ? I think the way I explained it may have been confusing. So FMT/TMT uses money management to risk a certain percentage per trade, increasing or decreasing the size of the position (number of lots traded). However, once the account balance grows to around $100,000 with my settings, you'll start to hit the maximum lots per position cap on your positions, and FMT/TMT only opens one position per day. That means you are no longer risking the percentage you specified in the settings, but only up until the maximum lots per position cap (which happens to be 40 with my broker). This is bad because it no longer takes advantage of compounding risk/trade. For instance, let's say that it's calculated that one day 22% risk/trade equals around 66.5 lots. The way it is now, only one position would be opened and (with my broker) it would be 40 lots because that is the maximum. The way it should be done is that if the calculated lots is over the maximum lots/position cap, then open up multiple positions. So for that example, to get around the max lots/position cap, two positions would be opened at the same exact time, one with 40 lots and another with 26.5 lots, a total of 66.5 lots. I modified TMT last night to put these changes into effect. The results are absolutely retarded; such a large ending balance I can't even comprehend it. Keep in mind this is from a starting balance of $1000, within a year (2010.02.01 to 2010.11.30), with 99% modeling quality: http://bill.curry.name/backtests/fmt/StrategyTester4.gif http://bill.curry.name/backtests/fmt/StrategyTester4.htm I also modified it so that it would use the smallest lot steps possible to calculate the number of lots to risk (like you asked about in your last post) to give it a small boost of .5 lots here and there. The results of this were negligible with such a large account, but it would probably make a difference on a smaller account with a more sane risk/trade percentage. EDIT: After modifying this EA so it would use the smallest lot step possible to calculate the size of the position, it no longer blows an account starting on April 11th, 2010 (a time of significant DD) even when using 22% risk/trade! So it seems this has made a significant difference when using smaller accounts, as I suspected. This is definitely something Marc should implement. Edited January 27, 2011 by Bill Curry freddy 1 Quote Link to comment Share on other sites More sharing options...
freddy Posted January 27, 2011 Report Share Posted January 27, 2011 I think the way I explained it may have been confusing. So FMT/TMT uses money management to risk a certain percentage per trade, increasing or decreasing the size of the position (number of lots traded). However, once the account balance grows to around $100,000 with my settings, you'll start to hit the maximum lots per position cap on your positions, and FMT/TMT only opens one position per day. That means you are no longer risking the percentage you specified in the settings, but only up until the maximum lots per position cap (which happens to be 40 with my broker). This is bad because it no longer takes advantage of compounding risk/trade. For instance, let's say that it's calculated that one day 22% risk/trade equals around 66.5 lots. The way it is now, only one position would be opened and (with my broker) it would be 40 lots because that is the maximum. The way it should be done is that if the calculated lots is over the maximum lots/position cap, then open up multiple positions. So for that example, to get around the max lots/position cap, two positions would be opened at the same exact time, one with 40 lots and another with 26.5 lots, a total of 66.5 lots. I modified TMT last night to put these changes into effect. The results are absolutely retarded; such a large ending balance I can't even comprehend it. Keep in mind this is from a starting balance of $1000, within a year (2010.02.01 to 2010.11.30), with 99% modeling quality: http://bill.curry.name/backtests/fmt/StrategyTester4.gif http://bill.curry.name/backtests/fmt/StrategyTester4.htm I also modified it so that it would use the smallest lot steps possible to calculate the number of lots to risk (like you asked about in your last post) to give it a small boost of .5 lots here and there. The results of this were negligible with such a large account, but it would probably make a difference on a smaller account with a more sane risk/trade percentage. EDIT: After modifying this EA so it would use the smallest lot step possible to calculate the size of the position, it no longer blows an account starting on April 11th, 2010 (a time of significant DD) even when using 22% risk/trade! So it seems this has made a significant difference when using smaller accounts, as I suspected. This is definitely something Marc should implement. Ok, thanks it is clear enough now, and I understand better. The results are awesome, $42M..... but I think it is impossible for the broker, or even for MT4 to handle such stream of orders at the same minute, but, hey, what a great dream, even if you cut down by 10,equity will grow pretty fast.(still multi-millionnaire!) As for the smallest lot step, that's what I was hoping. (would handle DD) , great. I'm thinking as I write: perhaps a Time delay after each order would let the stream smoother. Anyway, great job Bill, it's getting very exciting! Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 27, 2011 Author Report Share Posted January 27, 2011 Ok, thanks it is clear enough now, and I understand better. The results are awesome, $42M..... but I think it is impossible for the broker, or even for MT4 to handle such stream of orders at the same minute, but, hey, what a great dream, even if you cut down by 10,equity will grow pretty fast.(still multi-millionnaire!) As for the smallest lot step, that's what I was hoping. (would handle DD) , great. I'm thinking as I write: perhaps a Time delay after each order would let the stream smoother. Anyway, great job Bill, it's getting very exciting! Yeah, those results are just a proof of concept. I would never risk 22% of a multi-million dollar account! freddy 1 Quote Link to comment Share on other sites More sharing options...
chrisbenjy Posted January 27, 2011 Report Share Posted January 27, 2011 Is that maximum lot that your broker allows per trade? If you wanted to risk more, couldn't you just open two identical trades? Quote Link to comment Share on other sites More sharing options...
Forexpro1713006044 Posted January 27, 2011 Report Share Posted January 27, 2011 Bill, Is there a special reason, why you are using in your backtest a trading times 5:15 to 5:45 ? The original trading time should be around 1 1/2 hr. before London opening. On TadawulFX this should be around 7:30 if I am not mistaken … so probably 7:15 to 7:45 ? Thanks Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 27, 2011 Author Report Share Posted January 27, 2011 Is that maximum lot that your broker allows per trade? If you wanted to risk more, couldn't you just open two identical trades? Yup it's the maximum size per position that my broker allows. I've modified the EA to do exactly that: open up multiple identical trades with the only difference being size. Bill, Is there a special reason, why you are using in your backtest a trading times 5:15 to 5:45 ? The original trading time should be around 1 1/2 hr. before London opening. On TadawulFX this should be around 7:30 if I am not mistaken … so probably 7:15 to 7:45 ? Thanks The trading times you mention is when the EA looks for a signal. I believe with FMT it only looks for a signal at 5:30, whereas TMT can look for a signal within a time range. I've found in my backtests that having the time range from 5:15-5:45 is the most profitable. Quote Link to comment Share on other sites More sharing options...
Gaugas Posted January 28, 2011 Report Share Posted January 28, 2011 (edited) very interestingly Edited January 28, 2011 by Gaugas alansim 1 Quote Link to comment Share on other sites More sharing options...
alansim Posted January 28, 2011 Report Share Posted January 28, 2011 very interestingly What is so interesting huh ? You post this just to increase your post count huh ? Quote Link to comment Share on other sites More sharing options...
kraven Posted January 28, 2011 Report Share Posted January 28, 2011 What is so interesting huh ? You post this just to increase your post count huh ? lol.........and did you post that to increase yours?...........and me mine.......etc.......etc. alansim 1 Quote Link to comment Share on other sites More sharing options...
alansim Posted January 28, 2011 Report Share Posted January 28, 2011 lol.........and did you post that to increase yours?...........and me mine.......etc.......etc. lol Sometimes we need jokes to relax our mind and soul. For him maybe he is talking to a GHOST LOL :D Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 28, 2011 Author Report Share Posted January 28, 2011 What is so interesting huh ? You post this just to increase your post count huh ? He had asked a question but I guess he figured out the answer on his own and modified his post. Quote Link to comment Share on other sites More sharing options...
Gaugas Posted January 28, 2011 Report Share Posted January 28, 2011 (edited) not for the growth of my posts, I've been registered since 2009 and I have less posts than you, I write where I consider useful. just asked set fail Bill Curry, then i found set fail and i modified the post sorry for my English Edited January 28, 2011 by Gaugas Quote Link to comment Share on other sites More sharing options...
kraven Posted January 28, 2011 Report Share Posted January 28, 2011 Bill i'm glad your keeping this thread going...and i'm looking forwards to seeing your results when you start again......hell, if you get 2 good months in a row i may even join you. Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 28, 2011 Author Report Share Posted January 28, 2011 Bill i'm glad your keeping this thread going...and i'm looking forwards to seeing your results when you start again......hell, if you get 2 good months in a row i may even join you. Sure thing. I'll be starting back up after this weekend. It's a shame that I decided to stop trading on Wednesday... Thursday and Friday would've been winning trades! Oh well. Hopefully February is when the profit starts to roll in. Quote Link to comment Share on other sites More sharing options...
alansim Posted January 29, 2011 Report Share Posted January 29, 2011 not for the growth of my posts, I've been registered since 2009 and I have less posts than you, I write where I consider useful. just asked set fail Bill Curry, then i found set fail and i modified the post sorry for my English No problem Gaugas. My english also SUCKS too. hell, if you get 2 good months in a row i may even join you. kraven, hope you don't get a heart attack :) Just kidding lol :D Sure thing. I'll be starting back up after this weekend. It's a shame that I decided to stop trading on Wednesday... Thursday and Friday would've been winning trades! Oh well. Hopefully February is when the profit starts to roll in. Bill Curry I wish you Good luck :) Quote Link to comment Share on other sites More sharing options...
joeytrader Posted January 29, 2011 Report Share Posted January 29, 2011 . . . It's a shame that I decided to stop trading on Wednesday... Thursday and Friday would've been winning trades! Actually, according to the author's official results, Thursday was only break-even day for both the FMT and TMT. So you only missed out on the one trade of Friday's win. (Unless, of course you are not using the author's recommendation of moving stop to break-even after a 20 pips move, then you would have made a profit on Thursday too). Either case, good luck re-starting next week. Like others on this thread, also rooting and cheering your efforts. Go make history friend! Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 29, 2011 Author Report Share Posted January 29, 2011 Actually, according to the author's official results, Thursday was only break-even day for both the FMT and TMT. So you only missed out on the one trade of Friday's win. (Unless, of course you are not using the author's recommendation of moving stop to break-even after a 20 pips move, then you would have made a profit on Thursday too). Either case, good luck re-starting next week. Like others on this thread, also rooting and cheering your efforts. Go make history friend! I'm not using the author's recommended settings ;) I'm running this on a demo and both days were profitable. Thanks for the encouragement! I'm sure I'll need it during the DD! Quote Link to comment Share on other sites More sharing options...
kraven Posted January 29, 2011 Report Share Posted January 29, 2011 Bill can i ask one thing, that as you use different settings and i don't follow the author's official results (as many who will follow this), that you try (time permitting) to post YOUR results each day...........just so we haven't got gaping holes between your posts and your results....thanks and good luck Quote Link to comment Share on other sites More sharing options...
Bill Curry Posted January 29, 2011 Author Report Share Posted January 29, 2011 Bill can i ask one thing, that as you use different settings and i don't follow the author's official results (as many who will follow this), that you try (time permitting) to post YOUR results each day...........just so we haven't got gaping holes between your posts and your results....thanks and good luck Sure thing. Also remember that you can check my trades/balance at any time on my myfxbook.com portfolio as well (linked from the first post). Quote Link to comment Share on other sites More sharing options...
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