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I noticed your GBP/CHF lost $498.70 on it's SL exit of $500.00 on 02/01/08.
So you are risking 10% of your initial equity to make 10 bucks....on eight pair trading concurrently that may be moving together with USD exposure. (AUD/USD, EUR/JPY, EUR/USD, GBP/CHF, GBP/USD, USD/CAD, USD/CHF, USD/JPY)
The 50 pip nextrade was an interesting choice to be used on all of those pair with differing ranges.
I will be curious to see how your basket performs over 30 more days, hopefully without any internet connection interruptions.
Thank you again for the data, Lcfx.
ES
P.S. Have you concluded that the GBP/CHF needs to have a wider NextTrade or to be eliminated completley from the basket? Or do you attribute the SL to it being NFP day?
Quote:
Originally Posted by lcfxtrader
No problems running the EA. I lost internet connection for a few days earlier in the week. Settings are with $10 TP & 50 pip next trade.
Last edited by ElectricSavant; 02-02-2008 at 07:57 PM.
Unlike TFX, this new test (currently called Phantom) treats long and short orders separately, except for the close all crash at the end of a cycle.
So, what happens is a long or short is started according to a moving average (based on a 1min. time frame), If long your Next_Trade will only fire a long if you are > than your last long. If the moving average changes to show a short entry, a short is placed, and will only fire a short if you are < your last short. The long and short trade cycles operate independently from one another, except for when a close all situation is met.
Due to market being currently closed I have included a back test to illustrate this concept. Not by any means done tweaking this idea, but have a look at the report, and give any feedback.
I suppose in the input area there could be a dropdown box for other indicator choices to be added at a later time...wolfe we will keep you busy!
The point being actually is to keep it "open architecture" in this new generation of wolfe EA's.... SMMEA..."Super Modified Martingale EA".
ES
Quote:
Originally Posted by wolfe
Woking on a variation to TFX.
Same basic principal, but with a few twists.
Unlike TFX, this new test (currently called Phantom) treats long and short orders separately, except for the close all crash at the end of a cycle.
So, what happens is a long or short is started according to a moving average (based on a 1min. time frame), If long your Next_Trade will only fire a long if you are > than your last long. If the moving average changes to show a short entry, a short is placed, and will only fire a short if you are < your last short. The long and short trade cycles operate independently from one another, except for when a close all situation is met.
Due to market being currently closed I have included a back test to illustrate this concept. Not by any means done tweaking this idea, but have a look at the report, and give any feedback.
Last edited by ElectricSavant; 02-02-2008 at 07:29 PM.
I suppose in the input area there could be a dropdown box for other indicator choices to be added at a later time...wolfe we will keep you busy!
The point being actually is to keep it "open architecture" in this new generation of wolfe EA's.... SMMEA..."Super Modified Martingale EA".
ES
Thanks ES.
I'm working on adding an internal trailing stop option, based on the highest positive open orders balance. I think we need a way to "let it ride" when we're in positive territory, instead of just settling with small take profit levels.
Linear Mode
