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I just started Forex this year and have been reading this thread ever since. I'm just at post #100 so I have a lot of catching up to do Occassionaly, I browsed through the last few post just to update myself of what's going on.
John, amazing results on your tests! I am quite amazed on how you managed to open a 2.43 lot with such a small capital. I would imagine on a EURUSD pair, you would need a Free Margin of around 3,600 to do that. What is the leverage that you are given?
I am quite nervous with your settings of Pips=5 and Multiplier=3. This is because last night, there was a pip drop of 60 pips in the EURUSD pair. I would imagine the EA would need to open 12 levels for this! But obviously, looking at your tests, this turn out otherwise. I guess a slight movement in the other direction is enough to close the whole trade group. Amazing. Dangerous, but still amazing.
I have been forward testing the original 10points_3 ver 0.02 for a couple of weeks with the following settings: MaxTrades=5, Pips=15, Lots=0.01, with a starting capital of 400. Unfortunately, when the drop goes more than 60 pips, the EA couldn't open a 5th trade at 0.16 lot because of insufficient funds [Not enough money!]. So how did your broker allow you to open a 2.43 lot with account balance of 140?
Anyway, a newbie question: When you open a live account, what is the typical leverage that the broker gives? I live in the UK and I wanted a micro account, so the obvious choice would be Alpari UK. Anyone has this account?
Thanks, everyone!
Azmel,
David has answered your concerns regarding lot sizes but I would like to point out that my small demo account did not open a 2.43 trade, that is where the "no money" error code was generated. If you reread my post you will see that the trade was opened with my live account and I have not disclosed the balance of that account.
Thank you for the spreadsheet I have had fun exploring the ramifications of changing multipliers, pipsteps and Maxtrades.
I have checked with Alpari. They do trade 0.01 Lots but the price per pip is 10 cents. So it is indeed a micro account but it is not a nano account. The leveage is 1:100 (1%) so that explains why I can't open a trade with 0.16 lot.
I went throught InterbankFX website today but can't find how to open a nano account. All I can see are options to open a standard or mini account only. How do you open a nano account with InterbankFX BTW? Perhaps this has been pointed out somewhere in the forum, and if does, grateful if you could point the link.
I understand the relevance of the Pips setting now. Last week, I forward-tested the EA on different Pip settings to see the performance of the EA on the market. You are right when you say a higher Pip value will need a bigger effort for the last trade to close with profit, covering the losses of all the smaller trades before it.
A small Pip value is preferable in this instance, but on the hand, a smaller Pip value will cause the trades to open up very-very quickly if the market moves against you, and you are stuck if you are out of cash, and not being able to open any more trades. At this stage you just hope the last trade opened will be enough to get you back into profit.
However, if the last trade open is still isn't enough, then you will looking at a prospect loss.
Perhaps one way to make sure your account doesn't get wiped out is by playing around with MaxTrades (to the highest level your account can afford), smallest Pips and also a smaller InitialStop. This will protect your account to some level but you tend to loose out because the EA will give up too easily when the market drops. If you have a bigger InitialStop, meaning you give some room for your EA to recover back, then the risk of it not recovering at all will also be present, and if that happens, your loss will be greater.
Very interesting EA! Will need to study and observe more, definitely.
You can directly apply an account with IBFX. Anything below 5000 starting capital is legit to become a nano account. But you need to specify you're "MINI". "MINI" in IBFX means NANO. 0.01lot = 1cent/pip.
As I told you guys before. I cant be bother the EA wipe out the account. After many years of trading, finally I have to admit there is no way to make the EA works forever. So I'll split the account smaller part by part. And part of them will be trading 10p3. When I got enough money, I'll cash out enough money and let it roll. Who cares even if it margin call me 10 times, as long as I got my money back already. Besides, the indicator in 10p3 is MACD Golden Cross/Dead Cross trader. So, its basically meant TREND CHANGE / WHIPSAW to open trade. Check out earlier post to understand more. Also attached a lot of backtest and multiple version previously since page 303 onwards.
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
From the settings you have used, the bigger trades will need only a few pips to close the group with profit - that is now much closer to scalping, I believe.
Does IBFX has any problems with your live trades so far? I believe some brokers impose rules so that open trades must close at least by a minimum number of pips over a minimum number of time period to prevent scalping.
Another variant of Alejandro Galindo's EA which is called Multi_Lot_Scalper uses only a Pip value of 2. Has anyone tried this live on any broker?
at the setting parameter "reverse signal" for default is false
so, all open post will opposite trend, it is true?
From what I understand, the EA uses MACD as its indicator signal. If ReverseSingal=1, then whenever the MACD trigger a "buy" signal, the EA will open a "sell" instead, and vice versa.
The purpose of this is to get the Martingale to work straight away.
From the settings you have used, the bigger trades will need only a few pips to close the group with profit - that is now much closer to scalping, I believe.
Does IBFX has any problems with your live trades so far? I believe some brokers impose rules so that open trades must close at least by a minimum number of pips over a minimum number of time period to prevent scalping.
Another variant of Alejandro Galindo's EA which is called Multi_Lot_Scalper uses only a Pip value of 2. Has anyone tried this live on any broker?
Azmel.
Azmel,
I have had no problems with IBFX live in regard to the EA closing off a progression by taking 4 pips. So far as I know the broker considers the entire progression and does not consider it to be scalping when the last trade closes off with a small pip profit.
If the TP was set for 4 pips and the first trade closed off at 4 pips then IBFX could consider that to be scalping but in my set. file it is set for 10 pips.
10p3 blew up my account yesterday after start placing buy orders on eurgbp after MACD gave down signal. Any one else with the same experience.
Regards
I saw your where it blew. You lost 200 pips when the EA open a trade at around 4.45pm on 16 Jan. Did you use the time filter? Is your time GMT? Because on 16 Jan, there was a big news announcement at 2pm GMT which cause a massive movement in the market. Although it is a US news, but it may effect EURGBP as well.
10p3 blew up my account yesterday after start placing buy orders on eurgbp after MACD gave down signal. Any one else with the same experience.
Regards
Cross,
I have attached a zoomed in gif of your first trade with comments.
I am not familiar with the Mig Broker do they have a .01 unit setting? If so I suggest using it if not I recommend using a different broker to forward test any Martingale EA.
10p3 blew up my account yesterday after start placing buy orders on eurgbp after MACD gave down signal. Any one else with the same experience.
Regards
Friend. The EA made for EURUSD only. Currently I advice you to trade with EURUSD only When v0.04 is ready to trade, we'll be put it on optimize mode. Try to find out EVERY PAIR's most profitable settings, then we'll whack the entire market. MUAHAHAHAHAHAHAH!!!
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
When v0.04 is ready to trade, we'll be put it on optimize mode. Try to find out EVERY PAIR's most profitable settings, then we'll whack the entire market. MUAHAHAHAHAHAHAH!!! 
Linear Mode
