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Thanks Bernard for the new dowload.I have just downloaded it and will give it a test.I did notice something on eur/usd pair.Under lots the other two ea's have 0.1, for Eur/Usd it has 0.01 on the daily one.
I have been trying some different parameters and so far didn't do so well.
Thanks again,
Vince DetailedStatement.htm
It is not my intent to waste your time, but I am a little cofnused about a couple of issues.
1. You have mentioned any number of times that the EA is targeting around 3% profit per month. I have run the system about 3 weeks and it has earned about 30% on a standard account--which can only mean that I am way overleveraged. However, I am using the default parameters for MM. To clarify, I started with a $5,000 account using the default MM parameters which is .1 for lotsize. Should this be .01? Again using a standard account.
2. I presume that the EA trades from the 4 charts independently (no reliance on the other currencies to take a trade). I have had many trades with the EURUSD 30 min but have not had any trades since Jan 19th on any of the daily charts (IBFX demo). Does this sound right? How often should I expect trades from the daily charts?
Thank you,
saintmo
Saintmo
Quote:
1. You have mentioned any number of times that the EA is targeting around 3% profit per month. I have run the system about 3 weeks and it has earned about 30% on a standard account--which can only mean that I am way overleveraged. However, I am using the default parameters for MM. To clarify, I started with a $5,000 account using the default MM parameters which is .1 for lotsize. Should this be .01? Again using a standard account.
Working as it should but if I had stated more than 3% then I would get jumped on more than I care to be. Excalibur will perform like a lion at times and there will be as much as a few months that it just has no brains I think, well just bad months, so we average the entire year and it should actually works out to around 15 to 30 per cent a year. There are exception to this rule as I continue to update it. MY published account exploded from 3k to 120 k in one month . Go figure.
Quote:
I presume that the EA trades from the 4 charts independently (no reliance on the other currencies to take a trade). I have had many trades with the EURUSD 30 min but have not had any trades since Jan 19th on any of the daily charts (IBFX demo). Does this sound right? How often should I expect trades from the daily charts?
When a daily chart places a trade hold on. It has never been wrong but you will have to keep an eye on it. It can go from 100 pips profit to 600 in more time than you can say " where is the close" button. Excalibur now controls the daily trades a lot better now. Daily charts will send a trend reversal signal one a week or once a month or not for several months so we tend to keep that trade open as long as possible. Once the daily chart places a trade it will not place another till it see a strong trend reversal.
Thanks Bernard for the new dowload.I have just downloaded it and will give it a test.I did notice something on eur/usd pair.Under lots the other two ea's have 0.1, for Eur/Usd it has 0.01 on the daily one.
I have been trying some different parameters and so far didn't do so well.
Thanks again,
Vince Attachment 77223
Vince
Yes very tired here and made a mistake for sure. Default should always be 0.01
I'm apologize if this has all be covered but I've been out of the loop a bit...been very busy with work. Has there been any news in the beta testing of camelot. I really don't want to miss that.
What if I want to use MM on a $500 or $1,000 account? will it keep the trades to .01 or so? Or is this risking it and maybe I should turn MM off and put max trades at .01 or .02 for now.
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