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Hi, CatMan! In your opinion, is it needed to add InitialStop to your settings? Otherwise, isn't it dangerous to run it, although according to backtest for 2006, the max size of position was 8th level? Thanks!
Unfotunately I couldn't find a way to satisfactory add an InitialStop. I also tried a Hedge order stategy, but it didn't work for me. I rather prefer to use a larger timeframe(H4), larger Pips value(18) and small lot sizes. With my lot sizes level 8 means max lot size=2 and total lots=4.7 . Compare it with the situation when the lots are doubled -> level 8 means max lot size=12.8 and total lots = 25.5
Unfotunately I couldn't find a way to satisfactory add an InitialStop. I also tried a Hedge order stategy, but it didn't work for me. I rather prefer to use a larger timeframe(H4), larger Pips value(18) and small lot sizes. With my lot sizes level 8 means max lot size=2 and total lots=4.7 . Compare it with the situation when the lots are doubled -> level 8 means max lot size=12.8 and total lots = 25.5
And if there is another move for 50 pips without retrace, you just hold open all positions waiting that the price will come back and hit TP of the 8th position?
The $ did alot of falling this week and gas prices rose too. I closed all open orders to avoid any gap in the market on Sunday. Berninky is speaking tomorrow morning too.
I attach the results for the demo accounts I started this week on 2 brokers (TradexGroup and IBFX). They run with my preffered settings (TP=24, Pips=18, H4 timeframe, EURUSD, lots sequence: 0.1, 0.1, 0.1, 0.2, 0.4, 0.6, 1.2, 2.0, 3.5, 6.2 ) I use a 10k demo normal account on TradexG and a 1k mini demo account on IBFX
Unfortunately I lost a harddisk recently and I lost my statements for the previous 4 weeks, but I still have some consolidated results in a spreadsheet - see below:
Period 31.01.07-26.02.07, TradexGroup, 10k account, only EURUSD, H4:
Profit: 689.00
Floating P/L: -14.00
MaxDrawdown: -765.16
Max Lots in my sequence: 3times x 1.2Lots (ie - for 3 times it reached level 7 in my lots sequence)
Period 31.01.07-26.02.07, IBFX, 1k mini account, only EURUSD, H4:
Profit: 66.94
Floating P/L: -0.60
MaxDrawdown: -92.44
Max Lots in my sequence: 1time x 1.2Lots (ie - once it reached level 7 in my lots sequence)
I didn't stop the EA during the news release (my computers run 24/24)
I'm testing some other variants of this EA, but so far I prefer the original Goblin Bipolar with a modified Lots sequence. I'm under the impression that the chances to blow the account are smaller then when the lots are doubled
hi Catman i would like to test your Goblin mod,i saw the result is nice...is it the EA using the same indicators? or without indicator?...thnx...
TradexGroup, 10k account, only EURUSD, H4:
Min value for AccountProfit(): -765.16
Min value for AccountEquity(): 9387.84
Reached level 4: 1time x 0.2Lots
IBFX, 1k mini account, only EURUSD, H4:
Min value for AccountProfit(): -92.44
Min value for AccountEquity(): 917.09
Reached level 5: 1time x 0.4Lots
I didn't stop the EA during the news release (my computers run 24/24)
Anyway - it was a pretty easy week, but next week NFP will be released ....
And just for the record.....
....another statement from a slightly modified version of Goblin (uses MACD for entry signal generation), but uses the same lots progression
For the last 2 weeks...
TradexGroup, 10k account, only EURUSD, H4:
Min value for AccountProfit(): -300.00
Min value for AccountEquity(): 9922.26
Reached level 5: 3times x 0.4Lots
The $ did alot of falling this week and gas prices rose too. I closed all open orders to avoid any gap in the market on Sunday. Berninky is speaking tomorrow morning too.
Dave
this is your statement from live account right?...are you using your 23-53-30 setting or the original setting?...thnx Dave
And if there is another move for 50 pips without retrace, you just hold open all positions waiting that the price will come back and hit TP of the 8th position?
Pretty much yes.... That's why I use these small lots too...
As I said before, I've put a lot of effort into finding some sort of real hedging option for this EA, but it didn't work for me...
and I lost my statements for the previous 4 weeks, but I still have some consolidated results in a spreadsheet - see below:
.....
Linear Mode
