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After I had blown $20,000 ,like a gambler I stopped, and restarted the system a week later , only to blow another $20,000 ...so trades got closed out , the follwing week it happened again .GBP /chf WENT FROM 2.26 TO 2.46
Gbp used moved 2,000 pips and Gbp/chf also moved 2,000 pips within 2 months
Fx-indicators
That is why I use a sleeper function (at the moment as a seperate ea I wrote myself) and already emailed the creator of PID to take care of this idea, that is: put ea to sleep for hours/days until extreme moves are over.
there are several ways for that, but putting the ea asleep is a good one. One could use several indications to active the sleepfunction like: extreme volatility, extreem dayranges, that exceeds the avarage range outerproportional. And as I can make it, certainly the PIDcreator can do it.
You tested each pair apart for sure, but AGAIN this is a baskettrader.
12 pairs at once, hedging. It is completely useless to test per pair and make conclusions from that. It is like taking time on a 100 meter run from an atlete with one leg. It is already discribed in this thread several times. Maybe it is an idea to read it from the start?
once it goes LONG on a pair, it will remain LONG and add to the existing position in linear-incremental lot size UNTIL it hits it's internal stop loss or take profit level
you can be profitable whole year, you just need ONE pair in which the EA long and the trend went short and never back up. it is enough to wipe out your ENTIRE account no matter how many pairs you have in your basket
live from 10 days with ibfx and 5000$ in....
all default setting MM=true and progressive=true risk=2
after 10 days i have a +500$ and -12$ open order ,but in this 10 days i have a floating loss of 900$...to high for my live account...
i now have restarded with new setting:
risk = 1
and
equityprotection=30
this setting close all order if my equity drop under 30%
sorry for bad language...
In Forex does the floating loss include the margin on the pairs or is it -900 in just trades?
once it goes LONG on a pair, it will remain LONG and add to the existing position in linear-incremental lot size UNTIL it hits it's internal stop loss or take profit level
you can be profitable whole year, you just need ONE pair in which the EA long and the trend went short and never back up. it is enough to wipe out your ENTIRE account no matter how many pairs you have in your basket
No, not possible for this ea. I can see on what you write that you do'nt have this ea with the info pdf. If you had, you should not have written it. If you have the info, show to me were it is wrong. Show the holes in the protection. Show it, so we all can benefit from it. And do not come with some excuse, just write down the holes in the protection as stated in the info that accompagnied the ea.
This is a nice statement you make. you know what you are talking about. Hedging is the word - and therefore it is not done to make backtests on each induvidual pair, for thet exposure is different on baskettrading with all the 12 pairs at the same time, or one should do backtests on all the pairs over exact the same period and then do a lot of calculation between the correlationpairs etc. But what I do not understand is: why not buy this ea , and demo with it. It will cost you one month fee, which is a few dollar (and fewer euro's of course). you can demo with the live version, no problem. When I email the maker I always get an answer within a few hours, always.
AutoFX-Advisors has stopped taking Managed Accounts clients due to the allocated slots being full. However, as I have been receiving many requests to reopen this service, I have decided to recommend an independent fund manager who is currently using the PID SP4 for his Managed Accounts service.
Those who have emailed me requesting to be put on this list will be forwarded to the said fund manager. Those who are interested with this service can email me personally and I will introduce you to him accordingly.
Subscription Licenses
I will end the sale of new subscription licenses for the PID SP4 on September 1st, 2008. The last day to purchase a subscription license will be on August 31st.
Current subscribers will continue with their licenses as normal and their subscription will not be effected or terminated after the September 1st dateline. However, no new subscription licenses will be made available if the current subscribers wish to add licenses to their present existing ones after this date. Re-activation of subscription licenses that has been terminated or cancelled previously by the subscribers themselves on their own accord is also not available.
PID SP4 Permanent Licenses
The last permanent license of PID SP4 will also be sold on August 31st, 2008. Starting September 1st, PID SP4 permanent licenses will not longer be available for sale. The PID SP4 will be replaced by the PID5 product range beginning Septemeber 1st onwards.
All PID SP4 license holders, be it subscription license or permanent license, will be upgraded to PID5 for Metatrader4 for free. However, the upgrade process will be in stages.
PID5 for Metatrader4
On September 1st 2008, a new product, PID5 for Metatrader4 will be launched with a retail price of $698. PID5 is a new expert advisor using the improved engine of PID SP4. Here are the features on PID5:
Improved Trading Engine
The Trading Engine used on PID SP4 will be improved and advanced further on the new PID5. The engine will monitor the market situation and makes decision on its entry and exit signals more intelligently. The trading engine will go into "obeservation mode" when the market is sliding sideways and ranging, and will kick back into full trading mode when the market goes back into to trending,
The Engine will also look at multiple timeframes to confirm its signals. It will also make its decision to place progressive lots on the chart based on the account balance available in order to prevent itself from placing excessive lot positions.
Integrated PID Controller and Managers
In PID5, the PID Controller and all external Managers, including the ShutDown Manager will be integrated into a single EA, rather than having multiple files floating about in various folders.
Single EA Deployment
PID5 will only need to be deployed on one chart only, instead of the twelve of PID SP4. From this single chart, PID5 will automatically manage and automate all the trades in all 12 pairs in its portfolio.
Server-Friendly Code
A new code has been written to make the PID5 more "server friendly" as compared to PID SP4 to minimise "trade context busy" errors and delays.
Improved Risk Management
A revised risk management routine will be introduced for Linear Mode.
Global Drawdown Protection
PID5 will be able to protect itself from excessive drawdown using the new Global Drawdown Protection feature.
Global Meltdown Protection
A new feature to be introduced in PID5 is the Global Meltdown Protection to shutdown the EA in the event of a total market meltdown or "Black Swan" incident. This is to prevent the EA from resuming trades and allowing the trader to re-evaluate the market situation during such incident before commencing a restart.
On-Screen Analysis
Analysis of all the pairs individually and collectively will be displayed on-screen.
PID5 for Metatrader5
Coming soon in December 2008.
PID5 for FxSpyder & PID5 for TradeStation
For the larger trader, new platforms will be introduced in the future: PID5 for FxSpyder & PID5 for TradeStation. Details on the launch date and the pricing structure on these platforms will be announced in due time.
Sorry to report that PID hit Margin CALL on demo. It really needs help. I will wait for Version 5.
Hi
Any nargin call is a sign of oveerexposure,overleverage and bad money management.This is one of the reasons why 95% of traders lose , and u have not seen a 1500 pip trend on multiple pairs simultaenously.Think what is going to happen when it does move 1500 pips
Linear Mode
