Money Management that is built in looks at the account balance and determines the lot size as set by the LotBalancePct setting. Changing this setting will change the lot size.

Currently it is set to eliminate any margin call due to the drawsown.

This will be eliminated very soon with the new releases.

Bernard

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

Greetz

I can program an separate EA for that broker but think that I would end up doing this for all the other brokers.

Currently I am using IBFX and FXDD as my live account brokers and as my demo brokers.
I a, also programming the EA under their trading platforms.

I am currently concentrating on the daily charts as they show more long term promise, and can surrender us hundreds of pips instead of a few here and there.

Although the daily charts may take days, to receive a signal, then place a trade, I would rather wait for a good signal instead of one that I might have to worry more about.

Having said this I still need the incoming data from all beta testers using the other charts to make the final EA as good as possible.

I have attached a version of Excalibur V3 here that will allow you to change the stoploss on your end. Is is for the EUR/USD 30 m chart only.
Let me know if it works properly and what you set the stoploss at for that broker.
To Success
Bernard

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

Hi there Bernard and testers, here are my results after almost 2 weeks non-stop testing excalibur (7 pair-7diff ea..lol) in 2 differents timeframes (15-30) with the same broker (FastFxTrader). Results looks pretty good, but seems the margin call is just round the corner...lol (floating is down more $2000 on a $4000 account balance). Anyway with the rigts seting Bernard is going to put in it looks really a very promising ea. Thanks for your job Man!!! oh damn i forgot...after 3 mails sent to the administrator of this forum i still cant post attachments..(lmao). So i gotta do like that:

Exc30min:

Initial deposit in points 0
Total net profit 1770
Gross profit 1900
Gross loss -130
Profit factor 14.61538462
Expected payoff 12.64285714
Absolute drawdown 0
Maximal drawdown 27 (2.8302%)
Relative drawdown 15.4639% (15)
Trades total 140
Short positions(won %) 66 (66.6667%)
Long positions(won %) 74 (91.8919%)
Profit trades (% of total) 112 (80%)
Loss trades (% of total) 28 (20%)
Largest profit trade 89
Largest loss trade -5
Average profit trade 16.96428571
Average loss trade -4.64285714
Average consecutive wins 12
Average consecutive losses 3
Maximum consecutive wins (profit in points) 38 (454)
Maximum consecutive losses (loss in points) 6 (-27)
Maximal consecutive profit (count of wins) 872 (36)
Maximal consecutive loss (count of losses) -27 (6)

Exc30min:

Initial deposit in points 0
Total net profit 2040
Gross profit 2157
Gross loss -117
Profit factor 18.43589744
Expected payoff 19.61538462
Absolute drawdown 0
Maximal drawdown 54 (2.6354%)
Relative drawdown 25.641% (30)
Trades total 104
Short positions(won %) 51 (64.7059%)
Long positions(won %) 53 (88.6792%)
Profit trades (% of total) 80 (76.9231%)
Loss trades (% of total) 24 (23.0769%)
Largest profit trade 102
Largest loss trade -5
Average profit trade 26.9625
Average loss trade -4.875
Average consecutive wins 13
Average consecutive losses 5
Maximum consecutive wins (profit in points) 59 (1791)
Maximum consecutive losses (loss in points) 9 (-45)
Maximal consecutive profit (count of wins) 1791 (59)
Maximal consecutive loss (count of losses) -45 (9)

Hope this help, and btw Bernard i sent you all the stuffs u need via mail..

Regards, Crix

PS: Do you need me to keep running the old ea, or just the new one you posted?

Hello Bernard,

I've read this thread slowly but with attention

so, i'll test Excalibur on my Demo Account by Mig trading.

Acount 3000, test on EUR, JPY, GBP, USD and AUD.
TM 15 min

I'll send you my statements

Sorry for my poor english

Crix

Yes the drawdown is scary but these are demo accounts and wen we go live the EA will have a lot of options to the end user.

Thanks for the time and effort you have put in here.

We no longer need to use the first version of the Excalibur V3.

Download the newest version for the EUR/USD for the 20 m chart and lets see how it performs.
5250 points in one week trading
To Success
Bernard

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

Welcome and thank you for your interest in this project here.
Your English is fine and we cam take our time here to understand any questions you may have on this project.

To Success
Bernard

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

Hi Bernard

Quick note

Thanx once again for your prompt reply to my question, and after reading this thread I would like to say and hope all join me in saying that your beta tester support is of the highest care for all concerned, regardless of their own experience of lack of experience, you always reply with an answer and respond to challenges promptly and positively.

Kind regards

Kitt

Hi Bernard,

I have re-downloaded the fixed version, and installed it into Interbankfx's platform. It still crashed down. But when I put this fixed version into MT4 platform of metaquotes, it worked fine?

Why did this problem exist in mt4 platform of interbankfx, but not in mt4 platform of metaquotes? Could you please kindly double-check? Thanks.

By the way, yesterday night (Vietnam time), I tried your newest version of Eurusd, M30 on metaquotes' mt4 platform, it placed 3 trades.

At first, it made some small losses (around 15 pips/trade) during Euro session, then, in New York session, it turn 3 losses into 3 winners with around 55 - 65 pips / trade. Then, when I woke up this morning, all winning trades became complete losses (3 trades x - 50 pips = -150 pips), and burnt my account. I opened a mini account of 1,000usd only.

From what I see here is that:

1. This newest version does not have trailing stop in it.

2. This version does not have "breakven" and "Profitpiplock" option in it, either.

If these functions are added into this newest version of Eurusd, M30, all trades could finally secure some profits, even the market reverses at the end.

Of course, the traders' target is to ride the trend until it ends at the end, but their main purpose is to secure at least a minimum profit each day continuously and consistently so that each month, they can get a minimum pip target.

The users have the option/choice to input their desired pips in "trailing stop", "breakeven" and "Profitpiplock" functions.

+ About the usage of your EA on Daily chart, I have just double-checked your indicator on Daily chart (even 4h chart as well), and found that it can avoid fake moves and fake breakout, and could run the strong trend from hundred pips to even thousand pips (especially on Gbpjpy, Eurjpy, and Gbpusd). So, your extensive testing of the other version on Daily chart is very good, and needed. You can separate your EAs into 2 different kinds:

a. Intraday trend : using a version on M30 or H1

b. Long-term trend : using another version on H4 or Daily.

I found it very interesting to forward-test your EA and give some of my thoughts so that we can improve this "Excalibur" EA to be a winning EA in the long-run time, and it can survive under all market conditions (flat, choppy, and sudden, strong trend conditions).

By the way, please kindly check why it crashed down when using MT4 platform of Interbankfx.

Thanks and regards,
James

I have just found this ea and have started testing the EURUSD 30 min
keep you posted

thanks

I have just found this very interesting ea
started testing on the EURUSD 30 min tf

I will keep you posted

Thanks