Hi Pheonix ,Bernard,

After only 2 days testing and on 2 different time frames I see that the EA takes profit most of the time at 10pips.

But I see that trades can go as far as 100pips in loss without triggering any stop loss.

You say that this EA has a hidden stop loss so the broker can not see it but how many pips S/L does this EA has ?...

I see that the system has a very high hitrate but the only reason for that is the position can go at least 10X as much the wrong way then the T/P. And that was only on the price movements I saw over the last 2 days.

Manualy it is a sure thing that one could not trade this strategy. I don't think that one trader would trade a system where his target would be 10 pips but his position can go more then 100pips the wrong way.

So how much bigger can the S/L be then the T/P ( or how much pips stop loss is there on a position on the euro)?

regards...iGoR

PS. 15min ago the euro postion whent as much as -130pips in loss whitout triggering any S/L....

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

Igor

First thanks for taking the time to get involved in this project here.

Most of what you asked has been answered earlier, but i will do my best to answer here.

The demo version is hard coded to take a 30 pip profit on a 10 pip gain and close out the trade. When completed members will be able to set the take profit any position they desire. My live account is set to take a profit up to 400 pips.

This beta testing here currently is designed to gather information I need to finish Excalibur V3 with the best settings I can put together.

A lot has to do with the drawdown, which currently is, yes wide open. The Stop loss currently comes into play only when the hard coded breakeven has been hit.

Since I have asked that all members use a mini account and do not change the default settings Excalibur V3 should not kill any account and although there has always been the long going argument about drawdowns, all currencies will recover in time.

To offset the drawdown we hope to make something on the swap rate as well while we are in a losing position and then make a gain on the recovery.

I have a lot more programming to do before the final release, which will have all the normal features open to the end user, take profit, break even, trailing stop, stop loss etc, but right now, I simply need everyone to sit back and allow Excalibur V3 to do its job as it stands .

Excalibur V3 is and will never be released as a quick, make pip EA but rather as and EA that will manage an account over a long period of time and allow it to grow.

In my opinion, when released, in its final version, Excalibur V3 should only be placed on a "live" 250 dollar account and allow to grow that account to 1,000 dollars and the default setting left alone until the end user is very familar with what Excalibur V3 is doing.

Once a member understands Excalibur V3 better and has taken a small account to its goal then it can be taken to a larger setting and allowed to work again.

Goals are what makes things work and getting there fast is what kills most traders as well as emotions getting involved in trades. I know I have lost a small fortune and slowly recovered it learning to be patient and leave things alone.

I am presently programming Excalibur V3 to cover the drawdown and make a profit on it as well. Not quite a hedge trade but close enough to it so that we can make on the trade no matter which way it goes.

Again what I am currently looking for is trade information, time of trades, drawdown, how long it is open and a lot more.

So far on my "live" account it went down over 50% earlier this month and recovered, some currencies went down as much as 1k in pips and now it is in profit and down a few hundred dollars on new trades, nothing that the account will not handle based on the trade size.

I , like you , have seen EA after EA with no stop loss and feel the same way about it most of the time.

Currently several of the winners in the open championships have no stop loss either.

Excalibur V3 will have a stoploss and be programmable by the end user to stop whenever and at whatever they set it at.

When released Excalibur V3 will have its own default, and recommended settings and I hope that the end user does not risk real money testing new setting when that is what we are doing here. Demo accounts may not be the same as a real account but the trading method remains the same and I treat a demo account the same as a real account.

I know that there are members that will want to change the setting right now during this testing here,, but then I will have a ton of information with so many settings that I may never reach what I am looking for.

I do expect very soon to open the code to allow more setting changes for the beta testers, but for the time being I really need to work with what is available.

Again I look forward to your input and that of everyone else involved in this project.

A new release is expected very soon with a few new features as well.

To Success
Bernard

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

I have been asked several times questions related to a stop loss or seemingly lack there of in Excalibur V3.

Currently the stop loss is only triggered when we start into a profit. This is the reason for the small trade sizes. Trades in losing positions will recover in time. Swap if positive is a bonus. Excalibur V3 will eventually trade only on a positive swap so more pips for the pot here down the road.

Every currency has its own unique way of moving and I will set the stop loss properly once this beta testing part has been finished and we go to the next stage.

Every currency will and should have a different stop loss. When finished Excalibur V3 will be programmed to run on only those currencies that this beta testing has shown the best results on. Currencies will, and have already, been eliminated and there will be a few more eliminated as we go down this road here.

This is a very serious project here for me and like the original Excalibur that has done and still proves to be a winner , Excalibur V3 is expected to stand side by side with the original version.


Members that have visited my website have seen my data center here, with 150 servers working on projects and client accounts every minute of the day.

With so many servers at my disposal why beta test it?
Simply, bandwidth and other variables are also a determining factor in any winning EA.

I have a fibre optic data feed which makes it impossible to deal with data on slower feeds, like DSL, Cable or what ever is available out there.

Excalibur V3 should be able to make successful trades on any connection. As such it is designed and will be designed for long term trading not instant trades and scalping profits.

Currently Excalibur V3 is hard coded to take 30 pips on a 10 pip move, nice, but it will do a lot better than that.

This also means it can and will take 1200 pips on a 400 pip move. Lots to look forward to. Aside from settings, that will be open in the finished product, Risk settings from passive to aggressive will be open to the trader as well.

Please, all I ask here right now is patience, and let Excalibur V3 run. Do its job and do not close out trades manually.

We are looking for information here, instant profits will not happen.

A programmable stoploss will be coming soon. Please be patient, put all emotion aside and let Excalibur V3 do what it is currently programmed to do.

To Success
Bernard

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

Thank you for the time took to answer my question.
A very long aswer with a lot of information but that is not really helping in the problems I saw over only 2 days testing.

There is a saying One-eye is king amongst the blinds.
I have a bit of a feeling that this is the situation here on your topic.
You are here in the evaluation section. Before you can go to the real commercial section I suggest you to tell the truth. Meaning that you need to explain every little booby trap that can blow you up or every little pitfall one can fall into.
In normal life if you are commercial you only tell the people want YOU want them to know. The commercial section of this forum does not work that way. They allow you to be commercial but your system needs to proof certain elements, certainties, guarantees, profits, risks involved etc…etc
I (and who am I) give you all the benefit of the doubt.
But could you fully explain to the readers of your topic who are testing your EA and some of them are making steps to trade this EA with REAL money:
- witch version of EA you gave now?
- does this version has a S/L?
- If the current EA version that you give, has no S/L could you explain the very heavy risks that are involved to an account despite the very high hitrate ( that you can not give any guarantee of not blowing up their accounts because you do not have a S/L and that for this reason you do not have any clue how deep the MaxDD can be).
You said that people should take a 3000$ account because of the drawdowns and work with micro lots. But for a lot of people that does not explain the reason why or the dangers involved.
So telling them very explicitly in % how much risk they can have or how much they can loos theoretical on an account is the most honest and correct way.
I know if you would tell them that theoretical they could loos 60-80 % of their money that not a lot of them gonna listen to you anymore. But this is first of all trading and the peoples money and only then you are allowed to make money.

You need to understand that over the past 2-3 years on this forum we have seen several people with commercial intentions that came with very similar EA's like yours that immediately get the attention of the "people" because of hitrate and performance as long as the EA does not encounter a heavy and serious reversal.
We have seen here before several EA’s with enormous hitrates because those systems just had no S/L at all.
They perform very good if price stays in a certain ranges but if it would trigger on the gbp/usd a couple of long trades like in Nov 1980 or a couple of short trades like in 1985 then 28 and 23 years later one would still l be looking to a floating loss of several thousands pips
And the most important faxct on these kind of systems, the moment the developer implements a S/L on request of the readers or testers then suddenly the hitrate goes deeply bellow 50% and that system is nothing more then every other mediocre system that is not worth paying for.
Believe me I don't want to spoil your topic and I don't want to be destructive. Your way of working is highly professional. The way you distribute the indicators. The way you explain how to install the system etc…

But a serious an straight to the point answer regarding the version that is now distributed and the S/L connected to that version and problems that may occur (without minimizing them—on the contrary) in no “marketering” way would be very helpful to the testers and even to you to who would like to go to the commercial section.

Regards…iGoR

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

I am willing to listen and understand your explenation but be serious now on these trades that I show you with the help of an image.

The EA is set to take a T/P at 10 pips. The eur/usd took 3 trades at 13.22H cet. or 12.22gmt. Marked by the yellow vertical line and marked by the dotted green line. The T/P is at the dotted red line (again only 10pips).
That would make a profit of 1$ .

But the price went as far as 160pips in loss that is -16$. That is 16 x times as much loss as the the T/P.
But that is still not the end of it. There was still no S/L. So lets say that the eur/usd would have dropped an other 200-300pips. Witch is not an impossible situation with the volatility we had over the last few weeks.

The moment I took the printscreen the eur/usd recovered a bit and was at "only" -140pips loss as you can see on the results at the bottom of the printscreen.
Some people can jump here and cheer and shout hoera and WOW based on results over the past few weeks...but the results that the EA makes now AT THIS MOMENT has nothing to do with a serious and robust trading strategy but only gambling on the fact that price will always come back to a certain piont.
The moment it does not come back you are in very serious trouble.
As said several devellopers and vendors made attempts to introduce or sell systems like this to make people warm. They came everytime with some sort of an excuse that they would look for the S/L of would implement some sort of a hedge situation. The moment that they implemented the S/L then the system fell back to less then 50% hitrate and the system was finshed.

The way the "system" is build now is no system but a gamble on price comming back to its initial entry point and a very high hitrate that is only based on a very small T/P and a very big or no S/L.

I know you say this is a beta version but the real version will need to be very different then this current version.
If not I am going to have a very long talk with the admins of this forum to keep this EA away from the public. The way it is build now is a pure steinitz EA. And we all know how many people lost money on that EA.
Because of small profits and no S/L and with S/L the EA had a very poor hitrate.

I know this sounds as a hostyle posting to many followers of you. But I am around long enough to see emmidiatly how a system works and if it will work over a longer period of time and if it has a strong possibility to burn accounts.
So instead of so called testing beta version where people already say that they will trade with REAL money I believe you would better come up with a version that would have a S/L before you will do any harm or damage.
You are a develloper and the answer or excuse : all people are responsible for their own losses does not count if you start with a posting with the title that you make 5000pips in one week. Or you need to change your title to: a profit of 5000pips in one week but the chance to loos to 5000pips in one week. Witch is a certainty with an EA that has no S/L.

Friendly regards...iGoR

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

An other warning:

The developper tells you you should place indicators and an EA's and a DLL in certain folders.

The author asks you if you would post certain reports on fridays here on this topic that are given by your MT4 platform with the help of the indicators and DLL's that he wrote.
Those reports seem to give very beautiful results. But they are missing also some essential and valauble information like floating losses.

Here is a report after only 1 day trading. If you look at the bottom to the technical report it is the most beautiful report you ever saw. 100% hitrate nothing else then profits and beautiful equity curve.
But it does not mension the floating losses (just like the reports that the testers post on fridays).
If one looks to the amount in dollars that are floating in losses then it is easy to see that the losses are more then 3x times as big then the profits.

That is the same as you come home and say to your girlfriend or wife.....darling I had a good day at work today. I made 200$.
But you forget to tell her that you passed by a casino and you lost 600$.

As said in my previous postings...NO S/L is NO system..or NO S/L is the guarantee to burn your account sooner or later.

So for those who want to test and be fair. Post your compleet result and show the reports that shows all the information that one needs to know.And not a report that shows only the good part.

iGoR

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__________________
Success comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR)
MT Intelligence - Stats for fxigor1

Can anyone help me...

My system keep having this.. thus it did not do any trade at all!?

10:27:07 Excalibur_V3 EURUSD,M15 inputs: ExpertName="Excalibur V3 "; ExpertName_1="http:// www.fxreports.net"; _tmp1_=" --- Trade parameters ---"; InputMagic="80700"; Magic=80700;
10:27:07 Excalibur_V3 EURUSD,M15: initialized
10:27:15 SummaryReportInPoints EURUSD,M15: loaded successfully
10:27:17 Excalibur_V3 EURUSD,M15: deinitialized
10:27:17 Excalibur_V3 EURUSD,M15: uninit reason 1
10:27:17 Excalibur_V3 EURUSD,M15: removed
10:27:19 Excalibur_Filters USDCHF,M15: loaded successfully
10:27:19 Excalibur_Filters USDCHF,M15: initialized
11:29:50 Excalibur_V3 USDCHF,M15: SetSellStop "USDCHF", 0.0, 1.1834, 3, 0.0000, 1.1824, 777881, ""
11:29:50 Excalibur_V3 USDCHF,M15: Error setting SELLSTOP order: invalid trade volume (131)
11:29:50 Excalibur_V3 USDCHF,M15: SetSellStop "USDCHF", 0.0, 1.1834, 3, 0.0000, 1.1824, 777881, ""
11:29:50 Excalibur_V3 USDCHF,M15: Error setting SELLSTOP order: invalid trade volume (131)
11:30:07 Excalibur_V3 USDCHF,M15: SetSellStop "USDCHF", 0.0, 1.1834, 3, 0.0000, 1.1824, 777881, ""
11:30:07 Excalibur_V3 U

Spot

Thank you iGor for your concern. It is true, we need to be careful. FX market is here to stay.

Spot

Spot

Looks like the trade size is not set correct for your account. If this is a mini account then set size to 0.1

Bernard

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