iranboy1348
New Member
its also good ea try it
Budak Ubat v1.51 EA
- Thread starter StephenGray
- Start date
StephenGray
Active Member
Eish!
Demo account - blown
Live Account - survived but for now have removed the EA. Too risky.
Demo account - blown
Live Account - survived but for now have removed the EA. Too risky.
FX Harvest
Member
The downside of this grid+martingale EA is that there is no hedging mechanism built in. So I only use it to trade pairs that are both "risk currencies". Eg. EURGBP, AUDNZD, EURCAD etc... No USD or JPY pairs. Surviving well so far and averaging about $40 ROI a day on my live account.
And with the Brexit fiasco looming, I think it will be wise to remove GBP pairs as well till the storm is over.
And with the Brexit fiasco looming, I think it will be wise to remove GBP pairs as well till the storm is over.
I guess this is a grid type of EA.
Like most EA's, it needs to be checked every now and then (every 8hours maybe). THere is no such thing as a "set and forget" type.
Like most Ea's to survive sudden market movements, you have to turn it off at least 45mins before a major news event. I can't understand the logic that removing certain pairs will improve results.
Like most EA's, it needs to be checked every now and then (every 8hours maybe). THere is no such thing as a "set and forget" type.
Like most Ea's to survive sudden market movements, you have to turn it off at least 45mins before a major news event. I can't understand the logic that removing certain pairs will improve results.
FX Harvest
Member
Some market movements do not come announced (eg the recent JPY flash crash, Donald Trump making surprise market-shocking announcements etc) so I manage such unforeseen risk by choosing pairs with similar "risk correlation". Pairs like AUDNZD are less sensitive to these awe-and-shock events since both are considered risk currencies. If AUD goes down, NZD is likely to follow too, hence mitigating the risk of a one-way aggressive move. I have done testing on demo accounts and have observed that such currency pairs yield lower DD than "opposite risk correlation" pairs like AUDJPY, which experienced a much steeper DD when such events strike, since JPY is a safe-haven currency.
When the DD is better managed during unforeseen circumstances, the results naturally improve.
Well said, Exactly now market conditions in Forex fully depends on economic News.Some market movements do not come announced (eg the recent JPY flash crash, Donald Trump making surprise market-shocking announcements etc) so I manage such unforeseen risk by choosing pairs with similar "risk correlation". Pairs like AUDNZD are less sensitive to these awe-and-shock events since both are considered risk currencies. If AUD goes down, NZD is likely to follow too, hence mitigating the risk of a one-way aggressive move. I have done testing on demo accounts and have observed that such currency pairs yield lower DD than "opposite risk correlation" pairs like AUDJPY, which experienced a much steeper DD when such events strike, since JPY is a safe-haven currency.
When the DD is better managed during unforeseen circumstances, the results naturally improve.
Ahhhh ic. That means you will miss certain profits from certain currency pairs. That's good.Some market movements do not come announced (eg the recent JPY flash crash, Donald Trump making surprise market-shocking announcements etc) so I manage such unforeseen risk by choosing pairs with similar "risk correlation". Pairs like AUDNZD are less sensitive to these awe-and-shock events since both are considered risk currencies. If AUD goes down, NZD is likely to follow too, hence mitigating the risk of a one-way aggressive move. I have done testing on demo accounts and have observed that such currency pairs yield lower DD than "opposite risk correlation" pairs like AUDJPY, which experienced a much steeper DD when such events strike, since JPY is a safe-haven currency.
When the DD is better managed during unforeseen circumstances, the results naturally improve.
how about downloading an EA that will close a position automatically when it goes negative. You can set how many percent in terms of your equity balance when to close a losing position. that is what i am doing.
download the "pyramiding EA" from PZ point trading.
happy and profitable trading
FX Harvest
Member
Ahhhh ic. That means you will miss certain profits from certain currency pairs. That's good.
how about downloading an EA that will close a position automatically when it goes negative. You can set how many percent in terms of your equity balance when to close a losing position. that is what i am doing.
download the "pyramiding EA" from PZ point trading.
happy and profitable trading
Yes, for Grid+Martingale based EAs I am choosy in the currency pairs to trade. I believe a lot of traders out there blown their accounts because they did not factor in the risk correlation of the pairs they are trading.
For broader risk management, I am using Hidden Stoploss EA which I've shared in another thread.
May the pips be with you too.
Tiong Yee ping
New Member
This ea need to use highest capital just can survive. I got test it on demo using big capital and survive. low capital will not survive at all.
Luis Bianuci
New Member
This Ea, without doubt in the medium and long term empty your account
Phiphop Darkeaw
New Member
cool. will try this out thanks a lot
FX Harvest
Member
Have to withdraw profits regularly before margin call occurs. Treat it as a "dividend stock" rather than a "growth stock". If DD reaches >30%, I will just cut loss.
Leekaybuoy
New Member
thank you for sharing... hope i cound get the set file
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