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I have said time and time again DO NOT USE THIS ON A REAL ACCOUNT until I am finished.
This is a beta test and not a finished EA.
I can spend all day here reading through posts that tear apart what is being done here, but have made it clear that the finished EA will have a stop loss and all the other features when finished.
I need the drawdown information more than anything else to manage the stop loss properly or perhaps some people, would rather I guess at it, and make something that never works.
Again do not use the beta test EA on a real account.
As to the 50 % drawdown on my "live" account was set at an aggressive setting with 10 currencies.
Current markets are reflecting the same conditions as seen in 2005 with drops in the 1000 pips mark on many currencies, with elections and World politics as they are it is no wonder.
Having said this the account still survived and would have done even better if I had only run the EA on the proper currencies instead of the entire set of 10.
As to the original demo account that started this posting it is still running. I have attached the statements here.
Started with a deposit of 3k in the beginning of October, traded very small lots as I have told everyone to do and now has a profit of over 900 dollars, if I were to close out the current drawdown, which I will not do yet.
If someone can find me a bank or investment company that can pay me that return on my investment in a month, then please let me know and I will get out of this business.Would I use these setting on a "live" account? NO !
If anyone here can not stay in this program and let me do what is needed to finish this project off properly, yes with a stoploss, then please find another thread to get involved with, as I do not have the time here to handle anyone that want to sit here day after day and continue to tear apart a system that is far from finished.
If anyone wants to get in when I am finished and show that I do not know what I am trying to do here then I look forward to that.
Jumping in at this point when all we have here is a data collecting, experiment in progress, is simply a waste of my time and that of those that are very much involved here.
Those that are impatient and want or are placing this on a live account be warned in advance . You might lose your funds. The EA I am trading live, not on a demo,, is programmed different and , yes I can afford to lose the funds in the account.
Since I do not believe in back testing and when released as a commercial version I risk my funds to prove a forward test live to those that will have to pay for this EA.
As beta testers you will pay nothing but time, for the finished product so please stop all this tearing apart of this EA.
I am a business man, a successful one and write programs for a profit. Not one every day, like some so called programmers, and release it to all the unsuspecting and take their money then run.
I put weeks and months and if necessary years into a project to ensure that my client base knows what they have works to the best of my ability.
The alternative to being a beta tester it to save up some money and simply purchase it for a conciderable sum down the road rather than spend sometime here with me, help with what I need, and in return get the EA free of charge with full support behind it.
I have almost finished a new release for the USD/JPY with a full stoploss in it and very little drawdown. It will be released later today and posted. I would have preferred to wait until I had finished through all the data and release several currencies with the stoploss but since it seems so important to have a stoploss on a beta test this early in a project I will post it .
Thank you, to all the beta testers that have forwarded their detailed statements to me and as a result we are close to having one currency almost finished here USD/JPYand ready for more testing with the stoploss feature now installed.
To Success
Bernard
I do appreciate the comments made by some members here, especially the senior members many of whom have spent countless hours as well, helping others here, learn this business. Their observations are correct, but I have already posted several times not to trade this live, so remember they are only looking out for your interests here, and there is no reason to get upset at someone who has only good intentions in mind here. All I ask is to please wait till we start the "REAL" DEMO testing soon.
__________________
" Those that say it can not be done should leave those that are doing it alone "
Last edited by Pheniox; 11-14-2008 at 05:02 AM.
Reason: Spell check
I just wanted to thank you for your time and effort here. There are a few people on here that have torn apart your system and you have been patient with them answering their criticisms. On a certain level I do agree with what they are saying. There is massive down draw on my floating trades and **IF** I were live on this account then I would be concerned. I realize that this is beta testing and I would not even think to put this on a live account and if I did I could not blame you in any way. This is not my EA and I am trying to allow you to get the required information that you need. I might do things differently but that is irrelevant. I do believe that disclosure is important and I feel you have been doing a good job here.
Well done Bernard, i cant understand why some ppl wont read all the posts in this thread...lol..ill post my detailed statement here friday..Keep working..ur doing a great job!!!
I just wanted to thank you for your time and effort here. There are a few people on here that have torn apart your system and you have been patient with them answering their criticisms. On a certain level I do agree with what they are saying. There is massive down draw on my floating trades and **IF** I were live on this account then I would be concerned. I realize that this is beta testing and I would not even think to put this on a live account and if I did I could not blame you in any way. This is not my EA and I am trying to allow you to get the required information that you need. I might do things differently but that is irrelevant. I do believe that disclosure is important and I feel you have been doing a good job here.
Edward
Edward
Thank for the input here.
Yes the drawdown is more than scary !!!!
I have two choices right now either of which I am programming, as I write this response.
One is to let the Excalibur V3 close out the open trade as soon as it receives a reverse signal from the indicator and open a new trade in the reverse direction. SOunds pretty good in theory. WIll see.
The other is to let the Excalibur V3 place an opposite order on the open trade and cover the drawdown with the oppposite trade, a hedge, hate hedge trading, but would work as well and on those massive drawdonws we would be seeng a lot of profit as well on the reverse order.
Problem:
If the reverse order makes a profit on the drawdown when do we close it. If we close it at say 500 pip and close the other order we lose a few pips or we close it when the losing order begins to reverse and take some profit there. What if the losing order decides to go south more on us and we already closed out the hedge.
Well if I had a clear record, what we are trying to collect here I would probably have a better answer to where to close out the hedged trade, make a good profit on that one and when, someday, the other order reverses, make on that as well.
Have to sleep on these questions until my servers here finish crashing, or is that crunching data, hard to tell as they crash more than crunch with all this data.
Any way as to complete disclosure.
Sure there will be a few things that I am not going to disclose. If I did then every other programmer out there would rush in, attempt to clone it and then what do we have.
As with any EA I have programmed I do not release more than 500 copies of the program. No problem I make more than enough on each program so having a sell limit is more in favor of continued support for the product and being overwhelmed with e-mails and answering the same support questions over and over. I do have my own support forum, but do not feel right posting it here as this forum, Forex TSD, is good enough to allow me in here and I have no wish or desire, to take members from one forum to another. I will be here till the end and when Excalibur V3 is completed we will open a full support fourm here as well.
This is, or hopes to, be a Commercial Excalibur V3 down the road. One that does it's best to make a profit for the people that own and run it. Would be worth nothing to me if I simply let the entire population know exactly how it works.
The finished Excalibur V3 will have complete instructions, a good description of what Excalibur V3 does and a basic understanding of what is happening when a trade is made.
I hope down the road here everyone will be content and happy to have participated in this project.
As mentioned I have one more to complete and will most likely start that project come the new year. Just two much data to go over here at the moment and do not want to be running more than one project at a time.
To Success.
Bernard
__________________
" Those that say it can not be done should leave those that are doing it alone "
In what seems like another life, I have done a lot of programming. Not with Meta Trader, but I started with TRS-80 Model 3 BASIC right up to VS.Net 2003 with some FORTRAN and Pascal along the way. In-as-much, I feel at least a little bit qualified to point out some of what Bernard is up against here. Developing a professional computer program is a long tedious effort, and a good portion of that is beta testing. Tracking down logical errors in the algorithm, trying to anticipate user errors and writing routines to trap them, fine tuning the strategy, a small change in one module unexplicably trashes the whole program...the list goes on. It can take a long, long time, and sometimes it seems like you are going backwards instead of foreword. If we just continue to provide feedback, and let him do his job, I think we will have a great program in the end and the satisfaction of having helped make it possible. Make suggestions, sure, but realize that he alone knows what is to be accomplished and in what time frame.
As far a testing on a live account goes, I wouldn't trust 10 years worth of business records to a beta version of Excel or Access...I certainly wouldn't trust real money to a beta version of Excalibur!
Bernard,
Just some observations:
You may want to rename the files to _beta instead of _demo. This would remove any confusion about them being demo's of a completed program.
I suggest you put all updated files in the very first post of this thread, even the ones that are dedicated to specific pairs. It is easy to get there and back from anywhere in the thread.
I mentioned in another post that I inadvertently put the EURUSD EA on all my charts (oops). I haven't checked if this was addressed, but there should be some warning if a user applied one of them to the wrong chart.
I started my forex dot com account with the four major USD pairs, and I've noticed that there is no stop loss after the initial stop at the break even. A couple of trades have gone several hundred pips to the good, but they eventually came back to the buy in and stopped out with 0 pips. To be truthful, I have been pretty busy this week and don't know if this is happening on my IBFX account or not. I don't know if this is important or not, but forex dot com lists their prices out to 3 and 5 digits. Will post the results tomorrow.
Finally, thank you for the opportunity to participate in this...keep up the good work.
I have some currencies programmed now with a stop loss .
I was going to release them later tonight, but am adding several other features I had not though of earlier.
I am adding Days to trade function so we can turn off the EA or on for certain days. Especially when something like the NFP is being released.
It will take me a few days this weekend to finish this off.
Also I am programming the Excalibur V3 to either place a second opposite order or to close the current open trade if the currency reverses. and open a new trade in the other direction.
Still not sure which one I will go with, but will test them out all weekend here on my servers,, with a 90% back test setup and see what looks better. Hate back test results but will give some idea which way to go forward here.
E-mail alert function is done but still not ready for that testing yet.
Lots to look forward to here so lets finish off the week here and look forward to a whole new set of features come next week.
To Success
Bernard
__________________
" Those that say it can not be done should leave those that are doing it alone "
In what seems like another life, I have done a lot of programming. Not with Meta Trader, but I started with TRS-80 Model 3 BASIC right up to VS.Net 2003 with some FORTRAN and Pascal along the way. In-as-much, I feel at least a little bit qualified to point out some of what Bernard is up against here. Developing a professional computer program is a long tedious effort, and a good portion of that is beta testing. Tracking down logical errors in the algorithm, trying to anticipate user errors and writing routines to trap them, fine tuning the strategy, a small change in one module unexplicably trashes the whole program...the list goes on. It can take a long, long time, and sometimes it seems like you are going backwards instead of foreword. If we just continue to provide feedback, and let him do his job, I think we will have a great program in the end and the satisfaction of having helped make it possible. Make suggestions, sure, but realize that he alone knows what is to be accomplished and in what time frame.
As far a testing on a live account goes, I wouldn't trust 10 years worth of business records to a beta version of Excel or Access...I certainly wouldn't trust real money to a beta version of Excalibur!
Bernard,
Just some observations:
You may want to rename the files to _beta instead of _demo. This would remove any confusion about them being demo's of a completed program.
I suggest you put all updated files in the very first post of this thread, even the ones that are dedicated to specific pairs. It is easy to get there and back from anywhere in the thread.
I mentioned in another post that I inadvertently put the EURUSD EA on all my charts (oops). I haven't checked if this was addressed, but there should be some warning if a user applied one of them to the wrong chart.
I started my forex dot com account with the four major USD pairs, and I've noticed that there is no stop loss after the initial stop at the break even. A couple of trades have gone several hundred pips to the good, but they eventually came back to the buy in and stopped out with 0 pips. To be truthful, I have been pretty busy this week and don't know if this is happening on my IBFX account or not. I don't know if this is important or not, but forex dot com lists their prices out to 3 and 5 digits. Will post the results tomorrow.
Finally, thank you for the opportunity to participate in this...keep up the good work.
Bob
Bob
Thank you for taking the time to make some much appreciated suggestions here.
Being as busy as I am, and I am working alone on this project here, I tend to overlook what may be right in front of me here.
Yes I will rename the newer versions to "Beta" if I can write this down and find it later. Makes perfect sense.
I have gotten a bit behind here and have forgotten, as you pointed, out to update the files on the original post. Da... Need some sleep I think. Well know how to spell sleep, so it must be here somewhere...lol
When finished, I will code the Excalibur V3 to work only on the proper chart. Makes perfect sense as well.
If a trade went south, then reversed and closed out with a "0" profit, then the trade went into a small profit around 10 pips before it went south and set the stoploss at a breakeven. Have fixed this issue with the next updates.
Keep up the good work
Bernard
__________________
" Those that say it can not be done should leave those that are doing it alone "
Being as busy as I am, and I am working alone on this project here, I tend to overlook what may be right in front of me here.
Bernard,
Keep up the good work. There are many of us that are willing to stick with you and help you out until you are able to achieve what you are able/willing to do. And as bbayles said, thank you for the opportunity for us to participate in this.
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