Hi francatech,

What you say here is something that you heared from someone that has heared something. So the accuraty can be doubted.
Also the person that has heared something and told you something does not speak or understand 100% english.
That person is also only a couple of days in the room so he is not the person that can speak from full experience.
So I'm going to try to put some things straight here.

1st of all the BIG reason that I explained to shuttleostrava why I do not allow an EA for this system is that only a VERY small minority of traders or members of the group (only 3-4) work with a MT4 platform.
So why would I build something where only a few people benefit from ??...
I want that everyone in the group has the same weapons. I do not want that some people have advantages over other people. In the group everyone is equal.

Some people think the way they trade is most likely the way everyone trades. I can ashure that there are no real serious traders that would place a serious amount of money with a MT4 broker.
So if that is the case that only very few people work with an MT4 broker why would I let an EA to be build if only a few people can benefit from this...

2nd reason why I do not allow that an EA would be build is like I said to your collegue is that people would place this over 3-4 years of data and do a backtest over 1 single pair. Over that 3-4 year they would see very bad periods. Why ? because the rules would always stay the same over that whole period. An EA can not addapt itself to the market conditions.
In the room I monitor very closely the market conditions every day. We monitor the results in the spreadsheets weekly to see if everything continous to work as what we expect. That the drawdowns do not start to get bigger. That we do not have more then unusual amount of consecutive loosing trades. That the hitratio stays more or less the same. That the avg. winn/loss ratio stays the same etc etc etc...
The moment that this is changing in an unacceptable way I change the system. Or the parameters. Or the indicators or whatever it takes so that the system could produce profits.
If the average daily ranges would become to low we could have a stop trading period. For all the same one pair does not perform good anymore because of low average daily ranges and we replace it by an other pair. For all the same we do not trade FX anymore but go to other markets that show high volatility.
A good trader needs to addapt himself to the markets.
Those are all elements that can not be done true an EA.
The ZoRRo system is the indicators and templates that I give. But the ZoRRo system is also me. The one that devellops the money management the options1 to 6 that you can see in the spreadsheet.
Only 6 weeks ago we came up with these options and saw that they are an enormous improvement on the results or better the reward/risk ratio. So I am a big part of the ZoRRo system. Can you put my brain in that EA ?...not very lickely.
Does that mean that you will need me for the rest of your live if you want to trade the ZoRRo system with all its other apsects to come to the results we make ?...sorry it can sound arrogant but the answer is yes. Except if you or your friend become as experienced in trading like myself or even better.
Then you will have your own ideas and devellopments so that you can depend on your own or do something similar like I do and that is passing on your knowledge to others.
But that is why people pay me. Not to have only a bunch of indicators and templates and systems but for my expertese. They know that I would do everything possible to make a system profitable. Every day ?..certainly not. Every week ?...of course not. Every month ?..we will see...
But if nescessary I will change the system in such a way that it will get the best possible performances out of the current market conditions.
Is that discretionary?..yes. That is where an EA fails. it can not addapt to the market conditions and it never will.
Only if you can build a hughe EA based on a neural network that is placed on the biggest computer ever and if that neural network can represent the brains of a professional trader.

About the results of yesterday. You say a disastrous result on the G/J?!...
That is because you do not know what you are talking about. Maybe you do not have the correct leverage. You have a position size that is to big, you have not enough money in the account etc etc.
First of all we never look to a single pair if we talk about loss or profit. We look to the compleet system.
The loss that was made yesterday was -52 pips. That was made by the normall ZoRRo system. Most of the people trade now option2 of the zorro system. For those people it was a no trading day yesterday so their loss is ZERO.
If your friend told you that he had a disasterous day it could also be that he did not follow or stick 100% to the rules. That he was severall time a bit to late to take in his entrys or exits.
If your friend sees a total loss of -52 pips as a disastrous day what will he feel if the system makes a 500 pip loss as already happend?...
What will he feel if the system makes an overall drawdown of for ex 1000 pips?...
Not that this happend yet but I prevent or warn people that they need to take in account that a 1000 to 1500 pip can happen.
If that would happen that would still be a very small drawdown. Why ?..If the system is now at 9000pips profit (excl spread) and we make a drawdown of 1000 pips that is still an enormous R/R of 9!.
If your friend feels that he could never survive a drawdown of 1000pips again it must be that he is overleveraged. And this way did not study on my money management plan. If he would encounter a 1500pip drawdown he should not loose more then 25% of his account balance.
So that means if he lost yesterday -52(excl spread) he should not have lost more then 1% of his account balance. If he trades according my money managemnt plan then that loss should even be smaller.
If one feels that loosing 1% of his account balance is disastrous then he should not be a trader or he should buy himself some bonds that give him a garantee 4% on an anual base. Or just leave his money in the bank.

friendly regards...iGoR

PS. If you look into the spreadsheets I post don't concentrate on the profits but look also to the losses we can make in total drawdown and on a daily base.

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

Igor,

Are the total pips in the spreadsheet trading option 3 based on 2 positions per pair for each entry? It seems option 3 has the best performance. Also, did the rules change from starting at 08:00GMT to 06:00GMT? I ask this because I plan on re-joining the group very soon.

Thanks,
Lcfx

Hi

You can read a little about the different options here: http://www.forex-tsd.com/196849-post453.html

The rules for starting time have not change. We start at 8:00 CET (WHC chart time) as we always have done.

Arctic4x

Thanks Arctic for the link. What time in GMT does the group trade the Zorro system and is WHC platform set to 0 GMT? Also, if you are trading the FX pairs, what broker do you trust your money with?

Now we have DST (daylight saving time) so we trade 6:00 - 16:00 GMT. In the winter that is 7:00 - 17:00 GMT
The WHC platform is set to CET (Central European Time) and it is now DST so it is now in the summer GMT+2.
So we trade 8:00 - 18:00 CET (WHC platform time)

About what broker to trust i think that is one of the very difficult things when it comes to forex trading.
It is not a big problem if one don't trade a lot of money and for myself i am not at a level in my acc where i am very worried but i trade at Oanda and i look at them as a serious and trusted broker, or more correct to say market maker.
Personally i look at most (maybe all...?) MT4 brokers to be among the less serious brokers but maybe i am wrong about it. I see a lot of people like them and say they trade "big" at MT4 brokers so maybe they are ok. But i don't trust them. I read far to much horror stories about them.
I am looking for another broker myself. Not because i don't trust Oanda. I will probably still have money there and still use them because i trust them and i like the spread and the instant execution. When i click the button i am instant in the market and if i believe what i read around on forex forums that is not something you can expect at other brokers.
I see people talk about no fill, bad fill, slippage, requote and other similar problems.
I never have problems like that at Oanda but i don't know if all the problems i read that people have with other brokers is true because so far my only trading experience is at Oanda. I have never tryed any other yet.
The reason i am looking for another broker is mainly because i want to trade other markets and also because i don't like the idea of having all my money in one place (not that i have a lot but anyway...)
And then i think i will look for a "real" futuresbroker where i also can trade forex and so far InteractiveBrokers seems to be a good one.
The futures brokers are better regulated and seems to be more serious in general i think but like i say i have no personal experience with it.
I think i will end up with half my money in Oanda and half in IB but i am not sure yet. I have no hurry.

Arctic4x

If oyu see detail statement and trade perfect NN Better EA:



But Zorro is manual system.

__________________
RUN With The BULLS And HUNT With The BEARS - Nothing By Chance

Sorry frantacech but I do not understand what you mean with your posting or the printscreen.
Could you please be a bit more specifiec.

regards..iGoR

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

If use for login your WHC with this server/login and pass, you see all trade better NN EA. If attatch to graph script fromHistoryOnGraph.mq4

You see visual lines position. Very nice. Its investor account from better account.

__________________
RUN With The BULLS And HUNT With The BEARS - Nothing By Chance

Igor,

Can you please post an updated spreadsheet. I like to look over the data.

Thanks, Lcfx

Hi Igor and Arctic,

This is my 5th week out of home, you know where i'am now.
I hope to be back 25-27 april so will see all of you again.
Very difficult here with internet connection, so i already forgot how to trade....
Hope everything ok with you and i'l be back with something new.
GFR amaizing Igor, i need to show you in a new version.
You will be shocked

Regards,

Alex