James

Yes today was a nice day here and made profits however knowing that the Non Farm Payroll was coming out I monitored the trades late last night and closed out the Eur trades manually and made a profit.

Anyhow enough of that explanation, I have gone through this explanation earlier in this thread.

James glad you figured that part out. Moving the Stop loss closer and locking in 50 pips would have been even better. Excalibur was waiting for it to hit 200 pips before locking in the profits at 200. Default settings.


In your version you can adjust the stop loss and Trailing stop and break even. In answer to your question.

It does not matter which time frame it is on it is always looking for a breakout, and as such it can make several hundred pips, even on the 30 minute time frame. The 1000 pip place mark is only a reference for Excalibur, and I would never expect it to be hit, although there have been a few times it has.

The controls are in the TS and the Take Profit settings that manage the Trailing stop, If the Trialing stop had been set at say 25, and the Breakeven set at 25, then you would have made around 70 to 100 pips on the trade. Not recommended by me and I recommend that you watch the trade and manually move the SL .Excalibur is designed to open a good trade by I really can not trust any EA with my money to actually manage the trade 100% of the time especially if I am watching the trade. I also monitor the weekly chart and the monthly chart to give me an indication as to whether to keep the trade open or close it..


What would a trader give to be able to figure out when to place a trade and have a good chance of at least getting the "Guess" right 80 % of the time. There is no professional I know, that does not make an educated guess, and being right more than 70% of the time is a winner, in my books. It is the 30% losses, that people lose sleep over, especially when they all seem to come at once.

Excalibur does that time and time again. Several posts here have pointed out that the trade was well into 100 pips profit, or more, but reversed and broke even or lost.

Greed again. We all want to make as much as possible in this market, but what is forgot time and time again, is that we are here to make a profit today, some profit, and then tomorrow is another day.

I have many clients that tell me time and time again, how they made a good trade, made another one, made a third trade and then lost all their profits and then some.

Knowing when to quit and take a profit, for the day is all part of a strict management system, a trader must adhere to. Made a fair profit today then turn Excalibur off.

If a trader would allow Excalibur to open the trade, then monitor the trade, then close it out with any profit then we made a profit. Expecting an EA, any EA to do it all for us, while we do other things is something, I will never understand, unless the lot size is small and we are looking at a extremely low risk setting and not looking for more profit than the risk asks for. Especially on small accounts that should be watched. I will never understand why traders want to make 100% or more a day, or week or month, on their account, when they should be doing the same as the Banks and investment companies. Looking for a better return than a bank account.

3% a month return, is beyond belief when compared to some investments and many large investment firms look for a 3 to 5% return on accounts. Sure they have 100 million to trade, but they still answer to thousands of investors that have contributed to the account.

Can we made more than 3% a month with Excalibur? I believe so, but it takes some planing, monitoring, discipline and not playing with the settings for these smaller accounts.

A trade of 0.01 may seem small, but add it up at the end of the month, then lets see. Either let Excalibur run the show, with a safe risk setting, or monitor the trades and increase the risk for more return. Traders decision.

Reduce the risk even more, and delete two pending trades on either side. Traders decision. I will not be programming, right now, as to how many pending trades, to make on each side. Perhaps later.

Just love these back tests and demo accounts that show millions of dollars in profit in "play money". Yes I do it as well.

I am so very proud here in that we have a family of testers here, that are looking at this project, as real money in their demo accounts, and yes there are several that are also live, as I am, and are all trying to get the best results, on what I would call an account that many members here can actually afford to risk. $300.00 is a lot of money to many people, and if we get Excalibur to prove itself on these small accounts, then I am satisfied.

I can make Excalibur work on any large account over $25,000.00 and make consistent good profits, but that was never my intention here.

I wanted and believe, that we are near our goal of making a great EA, that will allow some of us hard working people, with kids, dogs, bills and well you know the story, to actually make some extra money, and allow the account to grow into something that down the road, they can increase the risk level and make some serious money. Maybe have a better Christmas next year. Who knows as long as we get there.

Must be Friday here. Too long winded again..
To Success and thank you James and the rest of the beta family for all the hard work so far. More to come.

Bernard

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" Those that say it can not be done should leave those that are doing it alone "