Discuss ForexGump.eu

[romalomey]

2015-2020 tick data suite Dukascopy euro/usd long with Variable spread.
With "low" setting(safe w/o martingale).

Conclusions:
- Some positions stayed open with extremely low price which will maybe never be met again(eur/usd 1.07xx).
- Major drawdowns.
- No stop loss can be set.


Reaction from Forexgump.eu:
In backtest this is simply impossible News filter and meaningless, since the principle is based on multi-currency trading, that is, the robot opens several positions at once on different instruments. The backtest is able to test only one pair.

Thoughts:

1) See this page->Johan Olwage also has drawdown in live(so with newsfilter)
2) How can multi currency strategy avoid this, does anyone now?

Thx

 

[wannebee]

hi , thx for the input but i do not trust this ea, i just scrapped it, rather a small loss than losing a account

 

[RoboFX123]

I also used a backtest but I always had a failure what didn't happen in the real test where everything was fine. Maybe pairs work together. Already I use it for several months. During this period (coronavirus) it is sometimes higher DD but still better than some of EA where ruined accounts or stopped trading.

 

[RoboFX123]

Well done Sgt, I started up my FG EA just before the Coronavirus scare came around. $ 2,000 acct, 3 pairs, conservative settings. It did go into a deep drawdown of 63%, but made it through and today stands on 30% gain in 9 weeks! Quite admirable and now proved itself by withstanding massive whipsaws int eh FX market!

Yes. I can only agree.

 

[romalomey]

mql5.com/en/charts/11728272/eurusd-ecn-h1-mex-international-group
Try to understand the logic. It opens sell positions at bottom of waves. I would expect buy?!

 

[res114]

I bought this EA today. Helpdesk supported me very well and the EA makes trades, many trades
For me I seems best to buy a EA that is longer on the marked with goods results. I had many EA and I see new EA's coming up but I guess they are all from the same developer. I try the MID risk setting on a life account.

Let's see

 

[res114]

The EA generates a nice daily profit of 70~80 euro or some more.

DD is now 10% on my 8000 EURO account that is a bit of a worry. Anybody with some experience how this develops or handles in the future?

 

[Johan Olwage]

See my post #44 above.

 

[romalomey]

Google on "Martingale" and you will see why 90% of the EA's seem to be profitable, but once a year whipe out your complete balance. Waisted 2 months of my life before understanding this, all rooky's have to learn this and all pro's already know this.

 

[res114]

Google on "Martingale" and you will see why 90% of the EA's seem to be profitable, but once a year whipe out your complete balance. Waisted 2 months of my life before understanding this, all rooky's have to learn this and all pro's already know this.

This an interesting point indeed. I noticed some serious DD and stopped the EA for some days. The DD reduced and I changed the setting to 'conservative'.I will try it for a while....
What EA do you recomment?