I had had a few members that are not as experienced as many of us and can not figure out where to place the proper files for Excalibur.

If you need a custom installer built please do not hesitate to ask and I will program one here for you.

All I require is the proper path to your trading station

Example:
c:/Program Files/Interbank FX Trader 4/

or where ever you installed the platform

Bernard

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

Bernard,

I too have losses. I have been running the commercial version now for 1 day and haven't made anything. I am not complaining though. Every thing I have tested (manual and automatic) has had losses. This system has proven itself up to this point and I will allow it equal time to do so again. Now to be fair I am running this on a demo account and I actually havn't lost anything. I gained $3 and lost $3. It may be listed as final copy but I still need to see it on demo for awhile longer. Keep up the good work Bernard. You can count of my continued support. Good trading.

Edward

Sorry. Just had to get one more post in. Junior member just had to go.

Edward

Glad to see you back.

Perhaps some things may be misunderstood here.

This is not the final version simply the first release of the Commercial Version and as such should be tested on a demo account unless like myself and a few others that have joined me in real forward testing.

To be honest, I do not see much more to do on the EUR/USD as they are performing quite well, but there seems to be some issues with the GBB/USD although it has done not all that bad on forward testing just, managed to loose more today than expected for some traders.

My accounts " live" suffered, as well, but have made enough gains to carry the losses forward so far.

Again glad to see you back.

Look forward to your continued input here and on the upcoming "Camelot project.

To Success
Bernard

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

Although there have been losses and the account was almost trashed on the first day here are the current results on the $3,000.00 account.


Updated statement attached.

Will be interesting to see what happens tomorrow morning when the Non Farm Payroll report is released.

To Success
Bernard

Ps: Ihave the new Camelot Program running on a demo account to see if there are any "bugs" hiding in the script.

Will run it for a week before we start this program



http://www.fxreports.net/

Attached Files

January08.htm (115.8 KB, 31 views)

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

Hi Bernard,

i started on the 06.01.09 a new Demo Account with a Balance of 300$ at IBFX with the commercial version.
Now the balance is 228.25$.


I have one trade where i set the S/L on startprice, and it ends in a 0 profit.
The trade has always a profit from +80$ , but then it end at 0.
One trade i closed with a profit from 3x 15.xx$, here was the profit always by over 100$ (3x 35$), but then it changed and i stopt it.
The other trades ends with a profit from -5$, mostley on the GBP/USD, two on the USD/CHF.



The weekly report i will send you on Saturday, but until now it look not sooo good for this week.
But next week is coming

regrads,

Hi Bernard,

Firstly, thank you for sending me the commercial version of Excalibur EA yesterday.

Today, I attached it on a live mini account of 700usd with Gomarket (Australian mt4 broker).

The Excalibur_V3 on M30 of Eurusd placed totally 6 trades (3 buys and 3 sells). All these trades were losers with total losing pips are 6 x 50pips/trade = 300 pips.

But then, this evening, when Non-farm payroll report was out, again, Eurusd, M30 triggered 3 sell trades, and currently in profit of more or less 100 pips per trade.

So, totally, it is a break-even for today, if I want to close the last 3 trades in profit manually.

I wondered why the trade is in profit of more than 100 pips per trade, the trailling stop function did not move at all?

So, I decided to move stop loss to break-even, and let it run to see whether it can match 1000 pips or not.

As far as I remember, for Eurusd, M30, the profit target is only 100pips, or 300 pips, and stop loss is 50 pips. But actually, I noticed that the
Excalibur_V3 EA on M30 of Eurusd has 50 pips stop loss, but 1000 pips profit target ?

Is there anything wrong here for M30 of Eurusd? How can a short-term trend ride up to 1000 pips, and this is my question?

I hope you can explain me more about this.

Anyway, I like it. But I also wish to remind other people in this thread that no EAs are 100% winners. So, good money management and moderate risk settings are required, as what we would like to aim at is the long-term and consisten profit, not a huge profit that can make us rich overnight.

This Excalibur_V3 EA is an interesting and profitable EA as far as I noticed how it placed trades today. Market conditions have not been normal yet as of today. So, I think after middle of this Jan., 2009, we will see this EA make more consistent profit when those big guys come back to their desk and start trading after their holiday (I mean hedge fund companies, PIC of big banks, etc).

Have a nice weekend !

Best regards,
James

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

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

got a statement here trying to bring the account back maybe i will play with the lock in profit and trail stops

Attached Files

DetailedStatement.htm (20.7 KB, 13 views)

I agree with Bernard, I always monitor my trades and as soon as 100 pips or so hits I lock it into break even, I also have a custom trailing stop and Indicators that I add to follow the trade, if my personal indicators say get out I close out the trades. In my opinion youll never find a 100% automated program there will always be some sort of human interaction needed.

TGIF!!! time to relax

Attached Files

January 9.html (21.1 KB, 11 views)