Quote:
Originally Posted by jerrycollie  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! |
Hi jerrycollie,
Maestro/Firebird is scary. The account my Firebird was on blew up last night. It ate through $5,000.00 in 2.5 trading days. I had it on the EURUSD M1 chart with settings from the board where I downloaded it.
I am still testing Vforce Like EA V2. So far it is barely holding its own. I am going to try and optimize the settings.
This Monday and Tuesday were great trading days for me. I made 10.6% in two days. Monday morning I got an Ambush signal on the EURJPY pair and when I placed my sell order, I was well above Ambush's entry point so I got almost double (38.5 pips instead of the normal 20). I have this rule that I set my TP to the same exit point as Ambush. Tuesday morning I got another Ambush signal. This time I was on the phone at the same time placing the sell order and I entered too low (I should have not placed the trade at all). Fortunately, in a matter of two minutes, I managed to scalp 9.7 pips in a very fast moving bear market. When the price moved in my favour, I got the hell out of there and considered myself lucky
I now have three LMT trades running on my demo account (EURUSD, GBPUSD, USDCHF). As of last night, things were looking terrific but I have noticed today that the downward spiral of the US dollar (in the last week or so) is in the process of retracing. I still have a huge number of pips but they are all floating.
In addition, I am currently running my modified MACD EA through strategy tester. The first run took almost 24 hours. I noticed that the chart dates were wrong and I had to re-run. It's been running almost four hours and it says that there are 191 and a half hours to go
I hope that is not the case.
Mountains of pips to you,
Rick