I've had the Risk Reductor raised to 5% all week on all 4 pairs, thats working fine. My intial position size was 0.10 on the default settings, with a $2500 starting balance. Raising it to 5% initialy doubled the position size to 0.20, and now its at 0.30, the account has grown to a little over $4500. The Steinitz was also added to the account this week, so results are not accurate for defining 1 system.
I'm trying to understand how the RiskReductor thinks, and what its calculating the risk as. The fact that it raised the
lot size to 0.30, with a 5% setting, on a $4000-4500 account, tells me the calculated risk must be around $70. The developers own public testing seems to confirm this. Their maximum losses were all in the $50-65 range.
The big question is, they have differences in the risk across different pairs and following most major losses. It seems that they do set the Reductor differently for the different pairs, as well either they or the system changes the setting following major losses. I suspect that this is their own tuning and optimization as it doesnt seem consistent.
Regardless, this part of the program is running very well. No major losses so far, all failed trades were exited at breakeven or for very small losses. Still waiting to see how large a drawdown it will tolerate, I'm not confident that the risk setting is an accual stop, and that it wont run larger drawdowns waiting for its price.
My program did hit a slow day on Thur. It only initiated 1 trade, on the USDCAD Thur.
The FAPS
EA is a bit different, relying on its preset s/l and t/p levels to manage trades. However its been profitable so far, closing 6 trades last week and 3 this week, with no true losses. I lost money by leaving the month end feature on, but it imediately reopened all the trades.
The bigest problem I currently see is the amount of risk I'm accepting to make the gains. At a minimum position size of 0.10, (the smallest size on Forex Meta), I'm grossly over leveraged with a 500 pip stop. Adjusting to a better MM level would make the gains ridiculusly small compared to the scalper, or my own trading. The only recourse I can see is to adjust the t/p and s/l levels so that it can run a larger position without overleveraging, and also trade more often. This might make this aspect of the Turbo more attractive.
The Steinitz has been running very well this week as well. But this one is known for its drawdown problems and needs to be watched and manually managed. There are a few internal options that have great promise, such as using a higher level indicator change as a preventaive measure. However, it will take a while to understand everything available.
12-06-2008, 01:25 PM
Linear Mode
