Erios Earner Ea

Started by recint, Jun 19, 2012, 11:11 pm

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ForexSignals.com


The TP's look bigger now, has there been any adjustment to the strategy?


There hasn't been a material change. The market has just been a little more generous.

The only thing we have changed with the strategy is that it is now FIFO compliant to allow US traders to participate.

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    fxbabe



    There hasn't been a material change. The market has just been a little more generous.



    If statistic is correct, we are probably due for another 300 pips lost.  Am I safe to say, it is not a matter of if but when...?


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      ForexSignals.com




      There hasn't been a material change. The market has just been a little more generous.



      If statistic is correct, we are probably due for another 300 pips lost.  Am I safe to say, it is not a matter of if but when...?


      Yes, its definitely possible. But not likely to happen frequently. The difference on the new settings is that a 300 pip drawdown is now a much smaller proportion of account size.

      Also please keep in mind that if the lot sizing (and risk) had remained at the original level the EA would have recovered the heavy draw down from last week with additional profits on top.

      And that is in the space of only 6 days.


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        fxbabe





        There hasn't been a material change. The market has just been a little more generous.



        If statistic is correct, we are probably due for another 300 pips lost.  Am I safe to say, it is not a matter of if but when...?


        Yes, its definitely possible. But not likely to happen frequently. The difference on the new settings is that a 300 pip drawdown is now a much smaller proportion of account size.

        Also please keep in mind that if the lot sizing (and risk) had remained at the original level the EA would have recovered the heavy draw down from last week with additional profits on top.

        And that is in the space of only 6 days.


        Kind of disagree with what you describe may be because I don't have the backtest to judge this EA.  In fact, what I see is this EA give back as fast as it made profit.  I am now waiting for the next big lost to come because I know this EA had done it once and will do it again. 


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          ForexSignals.com

          Do you understand the difference in lot sizing?

          The 50% draw down that we experienced would be roughly 15% if it happened on the current settings.


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            bearnakedbull


            Do you understand the difference in lot sizing?

            The 50% draw down that we experienced would be roughly 15% if it happened on the current settings.

            I think FXBabes comments stand true, it doesn't matter if you lower the risk in the sense that the EA is capable of giving back the gains very quickly whether that be 10% or 80% monthly returns. Yes the DD is smaller now but then the gains come slower and the losses are smaller but the way it works is that a good basket of losses wipe out many trading days and that remains the same, it is relative. I strongly believe that a major news filter and no weekend trades would be a good addition.
              Regards, bnb


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              pipmenow



              What I can confirm however is that people are making good money trading forex, but they are using their own manual, or semi-auto system.

              Nick McDonald


              LOL.

              You have good intentions, but show me one of those successful people making good money in forex, who is willing to share their success.
                Grid "born and bred".


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                ForexSignals.com




                What I can confirm however is that people are making good money trading forex, but they are using their own manual, or semi-auto system.

                Nick McDonald



                LOL.

                You have good intentions, but show me one of those successful people making good money in forex, who is willing to share their success.


                You would be surprised, there are actually a number traders that enjoy contributing to a signal service and getting involved with the average trader. I'm constantly searching across the web to find people that fit this mould.

                You are right  that there aren't a huge number (probably 4 out of 5 traders aren't interested)

                Please give me a few months to build up some history with a few traders that I'm dealing with at the moment and I will be able to show you what I mean.


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                  fxbabe

                  Hi, Nick,

                  I have attached a snapshot of 3 GU trades.  Could you elaborate a little on what is the max number of trades can open at any given time?  I thought this is not a grid EA but why 3 GU trades I am seeing here.  What make it even worst is it opened around the same price with no price advantage.  This is really a surprise for unnecessary exposure which if all 3 hit SL, how are we expected to handle this kind of dd.


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                    bearnakedbull

                    I was also wondering about them 3 cable trades.
                      Regards, bnb

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