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personally, i've done quite well with azmel's deal..... often times we can get over-zealous and use inappropriate risk settings.... my preference is risk setting of 1, but ran it in live accounts on setting 2 for 6 weeks..... results were pleasing..... subject to change of course.....
azmel has plenty of room for improvement and no doubt is working long hours doing so...... he will eventually get it hammered out, give him time.....
until then, you can write ea's to hedge his orders..... this reduces the enivitable drawdowns.....
or better still, run his ea on risk 1, no mm and lots 0.01...... this reduces the true risk an absolute minimum.... then write an ea that trades off his signals.... this gives you greater control over which signals to be acted on and which to pass...... consider also having your ea take control of his orders even to the point of changing/replacing the order .......
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it's a given the drawdowns will be neverending, count on it.... and use it to your advantage......h
personally, i've done quite well with azmel's deal..... often times we can get over-zealous and use inappropriate risk settings.... my preference is risk setting of 1, but ran it in live accounts on setting 2 for 6 weeks..... results were pleasing..... subject to change of course.....
azmel has plenty of room for improvement and no doubt is working long hours doing so...... he will eventually get it hammered out, give him time.....
until then, you can write ea's to hedge his orders..... this reduces the enivitable drawdowns.....
or better still, run his ea on risk 1, no mm and lots 0.01...... this reduces the true risk an absolute minimum.... then write an ea that trades off his signals.... this gives you greater control over which signals to be acted on and which to pass...... consider also having your ea take control of his orders even to the point of changing/replacing the order .......
//----------
it's a given the drawdowns will be neverending, count on it.... and use it to your advantage......h
Please do some modifications on your demo_only EA, you know what I'm talking about....we can make it a very good EA
I am willing to develop it and help with the tests...let's do something, please....
Quote:
Originally Posted by hayseed
personally, i've done quite well with azmel's deal..... often times we can get over-zealous and use inappropriate risk settings.... my preference is risk setting of 1, but ran it in live accounts on setting 2 for 6 weeks..... results were pleasing..... subject to change of course.....
azmel has plenty of room for improvement and no doubt is working long hours doing so...... he will eventually get it hammered out, give him time.....
until then, you can write ea's to hedge his orders..... this reduces the enivitable drawdowns.....
or better still, run his ea on risk 1, no mm and lots 0.01...... this reduces the true risk an absolute minimum.... then write an ea that trades off his signals.... this gives you greater control over which signals to be acted on and which to pass...... consider also having your ea take control of his orders even to the point of changing/replacing the order .......
//----------
it's a given the drawdowns will be neverending, count on it.... and use it to your advantage......h
Drawdown for me is over 100%. I put in more funds than my starting pot of $20000 on this EA hence over 100%.
I closed all positions today and took a $25000 loss
Facts are very simple. Forget any biases you may have:
> Any EA that suffers this magnitude of Drawdown should be given away free....as per what someone else said
> I should have demo'd it for 6months first....let that be a lesson
> PID....I think this stands for Permanently In Drawdown
The writer really needs to stop selling this, get it right, forward test it for at least 6months so that differing market conditions can be absorbed and then offer it for sale.
I cannot believe this was done before the EA was marketed
This is my opinion and others are welcome to differ. My stern advice...stay away from this EA
Drawdown for me is over 100%. I put in more funds than my starting pot of $20000 on this EA hence over 100%.
I closed all positions today and took a $25000 loss
Facts are very simple. Forget any biases you may have:
> Any EA that suffers this magnitude of Drawdown should be given away free....as per what someone else said
> I should have demo'd it for 6months first....let that be a lesson
> PID....I think this stands for Permanently In Drawdown
The writer really needs to stop selling this, get it right, forward test it for at least 6months so that differing market conditions can be absorbed and then offer it for sale.
I cannot believe this was done before the EA was marketed
This is my opinion and others are welcome to differ. My stern advice...stay away from this EA
As I mentioned many weeks go in this thread, at the very minimum backtest report should be provided for each pair with the settings traded....
Rather than selling it, the owner should share his code. he will get many ideas for improving this expert and make it safer.
This EA needs some serious work. I saw that right from the beginning. The thing is, this EA could work great for MONTHS with no problem, but then one DAY . . .
I hope the author is working feverishly to correct these problems as Version 4 has some serious problems.
The author is not being honest either. On his website, the EA's statements still "seems" to be doing just fine when we all know the TRUTH.
I would stay away from the author and any of his EA until the TRUTH is told by him.
__________________
Don't Let The Love of Money Send you to Hell™
This EA needs some serious work. I saw that right from the beginning. The thing is, this EA could work great for MONTHS with no problem, but then one DAY . . .
I hope the author is working feverishly to correct these problems as Version 4 has some serious problems.
The author is not being honest either. On his website, the EA's statements still "seems" to be doing just fine when we all know the TRUTH.
I would stay away from the author and any of his EA until the TRUTH is told by him.
You could stick the freebie '10point3' EA on an account and it would in all likelyhood also run for months, amassing a similar amount - before, as you put it, "but then one DAY . . ."...
If it was just a minor 'problem' that could be easily corrected then there would be no need to learn to trade in the first place, (imo) 'cos when these type of EA's are 'working', they beat 99% of all manual trader hands-down, simply because they can tirelessly generate pips 24/5. The caveat of course is the 'when they are working' part - nobody can predict the 'black-swan' events that cause these EA's to fail spectacularly!
Take the following EA that is running on a real account that I have been monitoring - it has performed great for months, but the chaotic markets of just the last few days is probably going to result in it getting a margin-call! So if intelligent sentient beings (traders, if that is not an oxymoron!) cannot predict these moves in advance, what are the chances of programming an EA is do so? - imo, nil! The best you can do is try and filter these events out, but in doing so you seriously reduce your returns, and still have no guarantee that the 'doomsday' scenario won't get through...
no more than 10 days to wait
Linear Mode
