New automated system.

[dazz1975]

I am starting a new thread because my last one got deleted. I have compiled my first EA's to take the psychology out of my trading. This is my first attempt and I have compiled two separate EA's to run under the one account. I have added it to a demo account at 1x risk and one to my real account at 0.5x risk which has been following forexsignal.com providers for sometime now.

I have stopped following steady capture and though I would post my results. This is an experiment and hopefully all will go well.

The first EA works on reversals. I have 13 pairs associated with the EA which has yielded good backtesting results.

The second is a breakout strategy that I have running on the DAX, DOW and China 50.

Please see my fxbook link below. I have not intervening on any trade and hopefully you will get a good indication on results. For some reason demos accounts update randomly for me on myfxbook Approximately hourly. My real account updates every 5 or so minutes.

https://www.myfxbook.com/members/daz...-forex/2518501

[anna.serea]

Hi dazz1975, i've viewed your myfxbook link and i think your money in danger because now you have 62 open order with total loss -A$433.16..

[dazz1975]

It is not too bad Anna. Only 4.34%DD which is within my tolerance for DD. Not ideal but the system is a reversal system and the last week has not been ideal. The profitable trades are exceeding the loss trades so equity all be only up approximately 1% is not horrendous.

I am working on a trending EA to offset reversal if conditions are not idea.

I am going to setup a 10% max drawdown for the current system just to ensure capital is preserved. I just have not had the time.

[Xinvestor]

3 weeks in and you can clearly see its a bad system. You will hit the 10% DD sooner than later. Even if the system is profitable long term, the calmar ratio will be similar to SteadyCapture.

[dazz1975]

I think you maybe right Xinvestor. Reversal system may kill me in trending market. It is too heavily euro orientated.

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[Xinvestor]

I think you should focus more on a strategy thats more selective in terms of set ups and start using SL. In my experience strategies that work best are the ones with very limited number of trades.

[dazz1975]

Well system has closed out some orders and it is working it's way out of drawdown. It is definitely a bit worrying with multiple pairs trending. I will add a few other EA's this weekend to offset the reversal system when it is trending.

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[dazz1975]

It has been just over a month and gains of approximately 5.4% which Iam happy with.

DD was moderate at 8.61%.

I have now got this running on a $20,000 real account at half risk. Hoping to not exceed anymore than 5%DD on the real account.

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[ace]

Fingers crossed!
Remember what I said about running robots on same currency. Pick different crosses - that should lower potential DD exposure.

[dazz1975]

Give me 13 pairs thanks ace which are not correlated :P

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[ace]

hehe definitely you wont have 13 pairs...
try EURUSD, AUDCAD, GBPNZD, and something with JPY maybe NZDJPY or CADJPY. (I dont trade CHF since Jan 2015...).

[dazz1975]

Equity is now over 12% for one months and one week. Very happy with the system currently. Will continue to monitor closely.

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[Hans Bowles]

doesn't look that bad actually, keep it up... coding ea's is awesome, especially debugging and perfecting it
just make sure you pick the right pairs.

i see screenshot is from a demo, perhaps its good to test on demo first with all possible pairs, and filter out the bad ones from the good ones?

anyways, keep it up and good luck!

[dazz1975]

Thanks Hans. Running it on a $20,000 live account at same lot size with different pairs. I do have alot of correlation so I need to rethink pairs. So effectively half the risk on a live account.

Still alot of work to do and i would like to add a few different EA's to diversify. I have a few ideas but I am time poor with work commitments.



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[Hans Bowles]

Change:

AUDCAD
EURCHF
CHFJPY
DE30
EURAUD
AUDSGD
CHINA5
ES35
AUDUSD
EURUSD
NZDCAD
EURNZD
CHFSGD
AUDCHF
US30
EURCAD
NZDCHF

into 3 different set ups

SET1: 8X MOST TRADED

EUR/USD
USD/JPY
GBP/USD
USD/CHF
AUD/USD
EUR/GBP
USD/CAD
EUR/JPY

SET2: 8X SEMI-MINOR PAIRS / EXOTICS (select the ones of which ONLY 1 symbol is MAJOR (see list above), so for example CADCHF can't because it included CAD (USD/CAD) as well as CHF (USDCHF), but the ones below can:

NZD/CHF
NZD/USD
USD/THB
USD/SGD

AND AVOID pairs which do NOT include 1 of the mayors as well, for example skip the ones like HKDSGD which is waaaay to Exotic

SET3:


DE30
ES35
US30
and so on 5 more...
8 of them if you have


Then you can see and compare which one performs better

I personally always either select everything possible from a broker, and then (if not at start) seperate them all into smaller sections, starting at $100 dollar IC Markets accounts. I select $100 if Im doing 10 forward tests, and $500 if only 2 accounts, and so on for each system/strategy. I skip demo testing

Anyway, maybe you can do something with it

Cheers