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you still have limited point of view. start trading you EA for real and report us results 6 months later, ok?
pips profit without risk and drawdown tells nothing about system performance. and while denying importance of MM here, your own EA's main part is a kind of MM indeed. you use MACD cross as simple trigger point to start your grid (orders in both directions). MACD can be replaced with any other indicator or combination or even random time with comparably the same results for your system in the longer run. it just happened that this contest rules give big advantage for such kind of EAs, but it is very far from good for real usage. now let's take goldwarrior EA. it has hedging order 10 times bigger than base order. so it can make profit in money, but in pips it can be negative. there are many other examples and many very moderate EAs can be modified to use grid orders to have outstanding pips profit results, but for trading they will not have acceptable % of risk and profit. |
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Goldwarrior is you EA! You converted it. It is profitable for EURUSD and GBPUSD in pips calculation for more than 6 months forward testing. It is the statement for open trades and separated statement for close trades. With drawdown, risk and everything separatedly by pairs, working hours, timefilters and more and more. Check here: http://www.forex-tsd.com/36410-post127.html And check the scripts from Igorad http://www.forex-tsd.com/expert-anal...ze-trades.html We have the same statements in deposit currency also (in dollars). So we have some tools. Create the tool which will be summarize all the rules: pips, equity, deposit and everything. You may speak with Igorad because he wrote the message to me one month ago and he had some proposal about efficiency in pips and in deposit currency also and some coefficients (which i posted above) and about equity and so on. Because we do not have the special tool to create portfolio also. What is optimal f? http://www.forex-tsd.com/36351-post150.html I am lazy to read http://www.forex-tsd.com/36357-post151.html http://www.forex-tsd.com/36358-post152.html So create something to analyze the normal statement with everything and to create portfolio. Because many EAs were tested during more than 6 months aleady so we will create portfolio so we need the equity also because portfolio is something which people may use with real money. And we will have all the data about contest EA in this case. Because how many people participating in the contest now? Codersguru (moderator), me (admin), Igorad and Pengie. We all together + Pengie. And Pengie is not the elite member even! And you are talking about the rules ... Create the tool for equity, for this optimal f (what is optimal f?), for portfolio with everything and we will use it. |
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so it is not mine, but i gave it just like example. you see it is profitable in pips for only 2 pairs. i do not know if it is profitable in dollars for other pairs, but it can be. Quote:
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But there is the other problem with MM: EAs with MM are having different profit factor depending on initial deposit. For example one person will use EA with 3,000 and the other one with 15,000 (initial deposit size): the same EA, the same settings, the same duration of the testing (backtesting or forward testing), the same broker and everything is the same (initial deposit is different only). And those two persons will have completely different results (because of MM). I backtested many EAs with MM but I can not do any forward test with MM because the results depend on the initial deposit size. |
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yes, the main thing in trading is to make money and not to loose them, but one EA can make for example 40% yearly risking to loose 50%, while other can make 30% risking 10%. what do you think is better? and current contest rules do not help to find out neither gain nor risk %, instead people see just one little aspect - pips profit. |
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the easiest way is to run every EA alone in separate metatrader. you can rent a VPS server for about 30-50 usd/month for contest and then analysis can be done easy with standard statements. maybe i will make a tool that will build euity using history and then simulate fixed ration MM on it, but i am not sure if it is possible for all types of strategies. i am still thinking on it. |
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| Forex Contest - Forex Trading | This thread | Refback | 01-19-2008 02:30 PM | |
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