Quote:
Originally Posted by ApacheDan  Hi Rick, just checking how the week ended up for you, live & demo? My demo v1.11+ your set seems too risky, lots of winning trades, then it hits those big SL & we're back to were we started. I just started running a second demo with risk level 2.0, see if that helps. I like to Demo closer to settings I might trade live.
I found out that Alpari UK does not take US Citizen's accounts  Now I'm experimenting with IamFx..see if that works. Regards, Dan |
Hi Dan,
In regards to broker choices, please ask here. We are very familiar with the various brokers and their rules.
I am not happy with the version 1.11 using my set file from version 1.06. It trades too often and takes too many chances. The week is not over yet but here is an early summary (demo account only):
total trades
Code:
select count() from closedtrade where magic = 40 and closedatime >= '2010-02-20 00:00:00'
database result:
row(1):Array ( [count()] => 27 )
pips
Code:
select total(pips(ticket)) as p from closedtrade where magic = 40 and closedatime >= '2010-02-20 00:00:00'
database result:
row(1):Array ( [p] => 3.0 )
PL
Code:
select total(pl + rollover) as t from closedtrade where magic = 40 and closedatime >= '2010-02-20 00:00:00'
database result:
row(1):Array ( [t] => 4.66 )
It's too early to say definitively but it looks like there is a lot of activity for a very small gain.
In contrast, here is what happened in my live account this week so far using version 1.06:
total trades
Code:
select count() from closedtrade where magic = 40 and closedatime >= '2010-02-20 00:00:00'
database result:
row(1):Array ( [count()] => 9 )
pips
Code:
select total(pips(ticket)) as p from closedtrade where magic = 40 and closedatime >= '2010-02-20 00:00:00'
database result:
row(1):Array ( [p] => 36.0 )
PL
Code:
select total(pl + rollover) as t from closedtrade where magic = 40 and closedatime >= '2010-02-20 00:00:00'
database result:
row(1):Array ( [t] => 62.69 )
These live results are using risk 1.0. I am, so far, very happy with these results. I am going to run one more week at risk 1.0 and then, if all goes well, gradually increase it.
I believe the key difference in the two versions with the same set file is that version 1.11 trades well outside of the 20:00-22:00 window which, according to the research in the forum thread is the ideal time for channel scalping on the EURGBP pair.
I am either going to modify my settings on the 1.11 version on my demo account to change the trading hours or I am going to go back to version 1.06 which has proven itself in just shy of three months demo trading.
Rick