Thank you and please keep up he great work on your end
Bernard

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

Bob

Again thank you for your continued support here.

Please try not to close out losing trades, especially if they have a positive swap rate. We will eventually have Excalibur V3 trade only on positive swap rate currencies, and attempt to gather more profit once the currency reverses it trend. They always do somewhere down the road.

What has to be remembered here is that many large traders open trades based on the swap rate and do not look at the position of the trade, win or loss , and are only concerned on the profit generated on the swap rate, if the trade is in a loos position for many months they are not concerned and when it returns to a positive position they then close out the trade and collect the swap rate rather that the pip rate on the trade.

Far too many traders are looking for the instant profit and as such generally end up on the losing end.

Please allow Excalibur V3 to do it's job. The profit may not appear large at the moment, as the account size is small and as such the trade size is small, Large traders with large accounts can afford to carry the trade for many months with large lots on the orders.

We are not large traders or corporations but small individuals looking to make something here to add to our retirement down the line I hope. We do not have hundred of thousands of dollars to risk and lucky if we can put up 10k into an account.

Looking at the smaller trades and 250 dollars, down the road in an account and if we are trading the proper currency with Excalibur V3 and we manage to make 50 dollars on that account over a six month period then I guess we have done beter than any bank can offer us as far as interest rate return on our deposit.

Excalibur V3 has money management built into it and as the account grows so does the trade size. Automatically.
Patience is what we need to have here as traders.

For those individuals, certainly not me , that have a 100k account then Excalibur V3 will certainly open larger trades and still manage to give back the same return on the investment.

I am looking to get Excalibur V3 to give us around 8% return on our deposit per month or better,

Again far better than any other investment that I am awar of.

I could be wrong.

Please all members try to remember that this is a project under construction not a finished project.
My commitment here is till the end and then perhaps, for sure another EA. Hopefully everyone here will stay with us.

Bernard

Bernard

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

Marty

You are correct in some ways and closing the "losing" trade may seem the proper thing to do but if it is in positive swap rate then you are actually closing out a winning trade.

Yes some trades can go down a thousand pips, just remember that if it went down that much then it was up there to begin there for some reason and if we take the time to go back through the charts then we can see that inflation and many other factors will return it there again eventually.

We are not looking to open and close trades here every day and make a profit.
Rather we are looking for some long term profit.

Ptience has its rewards.
Bernard

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

Thank ou for your input here.

Please do not look at going "live" with Excalibur V3 until I have finished with more results. Yes I am " live " and the results have been great but I am risking only 5k on the live account and with the small lots I am not afraid that the investment will go south on me. I am patient and know that if it takes a year the account will show me more results that having placed the funds into a bank account where the banks will turn around and use it to make themselves even more money and return me very little. NO risk, for sure, but no real profit either.

Please again do not attempt to go live until I release the finished product.

Also if the computer went "down" but you have a record of the demo account number then it is a simple matter to log into the old demo from another terminal. If you do not have the demo account number then, oh well, we simply start over again.

Bernard

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

Other indicators should not interfere with Excalibur V3.

Some brokers demo accounts I have running show large losses while others show the opposite. Demo accounts are always tricky and of course we do not know what, dll, they may have or not have on theri end to stall a trade.


So far my best results are with IBFX, FXDD and FXCM although FXCM does not offer a demo account yet.
Bernard

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

Excalibur_Filters

For those members that have asked me questions related to this matter I hope I have answered this question here in the open.

On another matter I have almost finished the e-mail alert feature and will start testing it sortly.

Bernard

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

Nice to see from your account statement that the stop loss feature is working as programmed .

I have to ask if this is a "live" account and hope that you are not as "crazy" as me and are trading "live here"

HAving said that the trades are not large enough to kill this account and will generate a tidy profit in time.

To Success
Bernard

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

First I have to thank everyone here for the overwhelming response and input on this project.

Having reviewed a lot of data this past two weeks it would appear that the 30 min chart is performing better that the other charts.

Does not mean that we should stop testing the other time frames.

I do think that the 1m and the 5 min charts are a waste of time.

Also I have programmed Excalibur V3 to be able to either enter the market with
(1) buy stop, or a sell stop order
or
(2) instant market order buy or sel depending on the signal
or
(3) buy limit and sell limit order.

Do not know if it will make a difference in any profits but thought that the finished Ea should allow the end user to make their own decision down the road or we may simply attempt later to beta test the other options.


The e-mail alert feature should be ready sometime this coming week as well
Bernard

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

test on FXDD 2 week, until here ea is up,
my question is about floating, ea can accumulate too large floating an kill account.
what do you think about ?

thanks in advance


giapel

Attached Files

5848246_Summary.txt (791 Bytes, 38 views)

Thanks Giapek for the update here. Looks great but i suspect we are carrying a large float currently.

What we are looking for here is which currencies to trade and which ones not to. The the float issue should not be as bad an issue as we will not be opening trades on several currencies that are tending to keep the trades open far too long. Also we have to consider that the markets took a severe plunge this month, some 1k in pips on some currencies and they are recovering, however slowly.

Personally the current market conditions has and the recent plunge has proven to take Excalibur to task and we will see how it does under these conditions.

All the demo accounts I have running currently are in the black with a minor drawdown.

My personal "live" account is in the same position and recovering slowly as well as gaining on the swap rates as well.

I expect to see a few demo accounts killed here, and learn from the information supplied with these tests here.

Currently I have used all the data for the EUR/USD and programmed Excalibur V3 to work more than well so far on this currency.

When done my hope is to have it trade on at least four majors and leave it at that.

Until then we need to look at the different chart times and adjust until we find the best . Currently all information points towards the 30 chart.

We should also see a proper stop loss in the final version.

Bernard

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