Pip Cop - Forex Robot Reviews - View Single Post

**jerrycollie** · 2009-06-02, 07:59 PM

Hi Rick,
I have only been running Maestro for 2 weeks now. The first week was not so good. It made many trades; but some went bad. Last week I set the trend button to match the long term trend for each pair I traded; that would be about 10 pairs. I selected carry trade basket pairs. My lot size was set low at 1 to 4 pips. Maestro made almost 100 trades with 4 small losses of 1 to 10 pips. I cleared about $70 last week. So far (1 day) this week Maestro is very busy and has not had a loss. Like I said, I trade several different pairs. On the common pairs with low spreads, I set up four charts with time frames 5 minutes, 15 min, 30 min and 1 hour. I drop a copy of Maestro on each time frame, changing the magic number each time. On each chart of the same pair I change the lot size from 1 to 4; so that I can see which time frame is trading. 5 minute is the busiest, then 15, then 30, then 1 hour. With all these pairs and time frames, I get a trade about every hour, 24/5.
However, like you said, with a stop loss at 300; I am afraid to raise my lot size very much; but with all the different pairs; maybe they won't all go south at once. I figure in the worst case I will lose about $300. This is live on IBFX.
I got GT-Shadow set up this weekend, based on PipDetector's comments. I did the standard AUD/NZD pair; then did a hedge with GBP/CHF vs EUR/CHF. However, I plan to change my hedge to GBP/CHF vs EUR/GBP; because GBP/CHF is below the center of its range, and EUR/GBP is above the center of its range. That way I will be buying GBP/CHF and selling EUR/GBP. Hopefully that will make money from both pairs.

Good luck with your trades, and keep us posted!

2009-06-02, 07:59 PM	#118 (permalink)
jerrycollie Donating member Posts: 86	Maestro Hi Rick, I have only been running Maestro for 2 weeks now. The first week was not so good. It made many trades; but some went bad. Last week I set the trend button to match the long term trend for each pair I traded; that would be about 10 pairs. I selected carry trade basket pairs. My lot size was set low at 1 to 4 pips. Maestro made almost 100 trades with 4 small losses of 1 to 10 pips. I cleared about $70 last week. So far (1 day) this week Maestro is very busy and has not had a loss. Like I said, I trade several different pairs. On the common pairs with low spreads, I set up four charts with time frames 5 minutes, 15 min, 30 min and 1 hour. I drop a copy of Maestro on each time frame, changing the magic number each time. On each chart of the same pair I change the lot size from 1 to 4; so that I can see which time frame is trading. 5 minute is the busiest, then 15, then 30, then 1 hour. With all these pairs and time frames, I get a trade about every hour, 24/5. However, like you said, with a stop loss at 300; I am afraid to raise my lot size very much; but with all the different pairs; maybe they won't all go south at once. I figure in the worst case I will lose about $300. This is live on IBFX. I got GT-Shadow set up this weekend, based on PipDetector's comments. I did the standard AUD/NZD pair; then did a hedge with GBP/CHF vs EUR/CHF. However, I plan to change my hedge to GBP/CHF vs EUR/GBP; because GBP/CHF is below the center of its range, and EUR/GBP is above the center of its range. That way I will be buying GBP/CHF and selling EUR/GBP. Hopefully that will make money from both pairs. Good luck with your trades, and keep us posted!