Originally Posted by jhernandez

The forum is a collaboration of ideas, its for sharing trading concepts and code, not for calling other people names. Whatever happened in the past couple of weeks shouldn't matter much anymore, we should focus on improving what we have right now.

Bluto, next time you release an EA into the wild you should call it the Blutonator.

Originally Posted by crazyfx

before dave came out with his separate majics idea Goblin didn't worked at all.
now with putting it on separate charts for buying/selling I found it was a clear improvement, even if it isn't safe enough yet, and credits are all to dave, so...
can you Bluto quit giving yourself so much credit for bipolar, ok? can we stop the bragging now, please?
the bipolar existence is insignificant, it is the idea of running goblin on separate charts that is counting.
further I totally agree with dave to flip the coin and try to boost a small account to make some money and then reset all, perhaps it is the only way to make these junk martingale systems working. my 0.002

Originally Posted by JanusTrading

Well Folks........lots of excitement about the facts:

1.10point3 and also the improved hybrids Terminator and Predator(credit all to Bluto) all blew accounts of people operating them with unacceptable leverage .
While it is fine on Demo accounts, my desire is to trade with real money, instead of hyperventilating over Demo testing statements.
2.Bluto started Goblin in a public thread to gather ideas, very much like Hendrick with Phoenix.None of the two ever claimed or suggested that the "raw" versions and settings are suitable for real accounts, nor that they generate hughe profits on a 5k USD account, which allows the trader retirement in 1 year.
3.Unlike others, i am not at all a fan of the Bipolar idea, due to my personal opinion, that trading against the "swap", will eventually kill the trade, if the trader gets stuck in a position. Therefore i am trading all these month only in the direction of the positive swap. This idea was brought up by a trader in the paid part of this forum.
4.While i am always willing to learn, i very much doubted the ultimate success of a Bipolar version and now read carefully:
"with the posted settings= low TP, low max.Trades and very short pipsteps, specially on a 1 hour chart."
5.During my real trading over more than 6 month, i found it rather appealing to me to even extend the pipsteps way way beyond the original settings(20/25) to 40-80 pips, depending on ATR and Volatility of each pair. My TP is therefore very high as well, since i am running the Fibonacci scale in.
I found that these settings make this type of EA much more safe, take care in most cases of the "feared 300 pipmove without retracement", but require a high cash balance and patience until the trade unfolds. Very few traders, if at all, ever posted statements with these settings, due to the fact, that trades take longer from opening to closing(may take days!)
I am very happy to collect my high daily swaps, until the EA closes the trade eventually.Please note, that in "ranging markets" the original settings produce excellent results, while in strong trending markets the account faces a high probability of a margin call.My actual settings produce very few trades in ranging markets=low or no profit, but collect swap and really start trading in a strong trend, even if in the "wrong direction".
Even getting "stuck" is not all that bad, since the swap at least decreases your floating P/L each day.
6.Now you all might understand why a Bipolar version is not so appealing to me, since it has to run, as i call it, fast pipstep, instaed of my long /wide pipsteps.

If you all apply some logic into this, you will notice, that while a long/short might sound good in the first place it might not in the longer run.Using any sort of DLM system for scalping trading(low pipsteps) requires even MORE cash, than the wider pips, but for sure a stop loss protection.
This type of EA is a trading method and not so much a mechanical, indicator based system.(read the article "Trade like a dealer" in various trade magazines)

So i am not developing any codings, i finetune TP, pipsteps and correlation for each pair i trade. Second , i would love to trade GBP/JPY and GBP/CHF(highest daily swap vs margin required), so i am testing settings for these pairs(80-100 pipsteps).

Having said that, i am heading in a different direction and i am a happy reader of "autofx" comments about this EA. He might be new in this forum, but he is surely not new to trading FX, nor am i.

So lets get back to the basics and approach this EA without any arrogance or selfishness and try to find "settings", which work in real accounts and lets forget any posted "Crown Forex" demotrading, in which already the 5th trade gives a 240k position on a 1,5k equity account. This is not at all helping any real trader(it shows that this firms Demo account is worthless for testing and is surely no prove of great settings that work)............we already knew, that there is no leverage too high for any demo account.


Happy trading for you all.
Janus

Originally Posted by faifarni

more backtests....

Originally Posted by Maji

Phorex Phreak,

Interesting idea.

Can you please elaborate a little more or start another thread discussing the same? Why are you choosing the lot sizes as described? Also, can you elaborate on the profit taking levels?

Thanks.

Originally Posted by faifarni

Here's some backtests that I ran with settings that I also just started forward testing. I started each month with a fresh $100. The positive or negative number in the statement name is the ending net profit or loss for the month. Keep in mind that all these months started out with $100.