Tfot - Page 7 - Pip Cop

**rsmereka** · 2012-01-20, 10:25 AM

Quote:

Originally Posted by Merrygoround

Tfot has been specifically tweaked for EURUSD pair. The indicators and parameters it is using should not be indefinitely valid. I guess that in due time there will be updates, when the parameters need additional tweaking. So you got a point

there that you cannot blindly trust the EA's logic. FH on the other hand does not need tweaking, since it's logic is currency

-independent. It just needs a certain degree of volatility

.

I was/am very concerned about the new version and it's lack of live/real money history. According to the version 2 history, it's a great EA but there are lots of complaints about differences between demo and real and between different brokers. All of this we have seen.

Why can't we find a good trend

follower that does not go into really long DD periods?

BTW, I just requested a FGB refund. Another one bites the dust.

Rick

Merrygoround · 2012-01-30, 06:45 AM

It is time for TFOT to get its act together again. Since I started using it in December 2011, it has been sliding down steadily, making mostly wrong choices. According to the myfxbook of TFOT v 2, it has performed bad during some previous months in the past, but my equity is running low (as is my patience).

**rsmereka** · 2012-01-30, 10:15 AM

Quote:

Originally Posted by Merrygoround

It is time for TFOT to get its act together again. Since I started using it in December 2011, it has been sliding down steadily, making mostly wrong choices. According to the myfxbook of TFOT v 2, it has performed bad during some previous months in the past, but my equity is running low (as is my patience).

I know how you feel,

When I put TFOT on my live/real money account and it started to do the same thing, I lost patience with it. In a two week period, I lost over 16% of my equity. That was enough for me.

Any idea what the typical closed trade DD period is in terms of time and equity? I guess V 3.1 has not been around long enough to gauge that accurately. But in terms of V 2, what is typical?

Rick

Merrygoround · 2012-01-30, 03:43 PM

Myfxbook is not very apt in showing DD percentages, not to speak of the bugs. The simplest way is by looking at the equity curve I guess. There was one period during which TFOT performed worse: between end of May and beginning of July 2011. The equity dropped from roughly 22k to 17k, which is about -23% ((17k-22k)/22k x 100). So the DD mentioned on Myfxbook is not bugged this time. Trading with 1 full lotsize you can see regular drops of about 1.5k - 2k. I am trading with a bit less then half of that.

Boris Fesenko said that they added another MM rule to TFOT (resulting in v3.0) to reduce DD. I have not seen any sign of that unfortunately.
Unlike FH, it is much harder to tell with TFOT when you are in danger. All of a sudden it can make a whopping profit, if the right kind of volatility

comes along. It did so in the beginning of July 2011. Therefore I must be patient and hope that things will improve soon. Maybe next Friday (Nonfarm Payrolls) can provide us with some <<fireworks>>.

According to Ichimoku Kinko Hyo, the EurUsd is about to hit the Kumo cloud (which represents resistance

) on the daily chart. Usually that is also a decisive point

for the next 2 months or so.

**rsmereka** · 2012-01-31, 09:24 AM

Quote:

Originally Posted by Merrygoround

Myfxbook is not very apt in showing DD percentages, not to speak of the bugs. The simplest way is by looking at the equity curve I guess. There was one period during which TFOT performed worse: between end of May and beginning of July 2011. The equity dropped from roughly 22k to 17k, which is about -23% ((17k-22k)/22k x 100). So the DD mentioned on Myfxbook is not bugged this time. Trading with 1 full lotsize you can see regular drops of about 1.5k - 2k. I am trading with a bit less then half of that.

Boris Fesenko said that they added another MM rule to TFOT (resulting in v3.0) to reduce DD. I have not seen any sign of that unfortunately.
Unlike FH, it is much harder to tell with TFOT when you are in danger. All of a sudden it can make a whopping profit, if the right kind of volatility

comes along. It did so in the beginning of July 2011. Therefore I must be patient and hope that things will improve soon. Maybe next Friday (Nonfarm Payrolls) can provide us with some <<fireworks>>.

According to Ichimoku Kinko Hyo, the EurUsd is about to hit the Kumo cloud (which represents resistance

) on the daily chart. Usually that is also a decisive point

for the next 2 months or so.

MyFXBook is terrible at floating DD. The DD on the left side is closed trade DD only. They attempt to show floating DD as the difference between the growth line (red) and the equity line (yellow) but it's buggy. All of their charts are buggy. Often times what they show does not even make sense. IMHO, it is because of their graphics are based on Flash but I have a bias against Flash. I can't stand it.

With TFOT, you have to watch the closed trade DD as opposed to the floating trade DD in FH. I would compare the closed trade DD to what the EA did historically to see if it is out of line.

According to who? I don't listen or pay attention to any so-called analysts/experts. If you look at their track record, you'll realize that they don't know what they are talking about. I could guess better by flipping a coin. Truth is, no one knows what a pair or the currency

market is going to do. We might as well sit back and enjoy the ride

As proof, name one so-called analyst with a track record better than let's say 70% (arbitrary number).

Rick

Merrygoround · 2012-01-31, 10:31 AM

I do not dislike flash, but I do not like it either. You need to upgrade it frequently, and I do not see the "added value" of having flash installed. All of the applications that I have seen with Flash might just have well been written in another language. IMO nobody will know what Flash is anymore in 10 years from now.

Ichimoku is an indicator

from Japanese origin, not a person. You can find it in Babypips school. It has been developed in the 20th century and growing in popularity in the West. I am completely baffled by the fact that someone could have designed such a complicated indicator

without the use of computers or even a calculator.

There are only a few international "gurus" that I can respect. I like to listen to their occasional comments because they are coming from an unconventional fresh perspective. To name a few: Jim Rogers, Nassim Taleb (a anti-Wallstreet philosopher who invented the "Black Swan" metaphor) and Marc Faber. Marc Faber has become famous for his predictions of the mainstream developments and events.

**rsmereka** · 2012-01-31, 11:21 AM

Quote:

Originally Posted by Merrygoround

I do not dislike flash, but I do not like it either. You need to upgrade it frequently, and I do not see the "added value" of having flash installed. All of the applications that I have seen with Flash might just have well been written in another language. IMO nobody will know what Flash is anymore in 10 years from now.

Ichimoku is an indicator

from Japanese origin, not a person. You can find it in Babypips school. It has been developed in the 20th century and growing in popularity in the West. I am completely baffled by the fact that someone could have designed such a complicated indicator

without the use of computers or even a calculator.

There are only a few international "gurus" that I can respect. I like to listen to their occasional comments because they are coming from an unconventional fresh perspective. To name a few: Jim Rogers, Nassim Taleb (a anti-Wallstreet philosopher who invented the "Black Swan" metaphor) and Marc Faber. Marc Faber has become famous for his predictions of the mainstream developments and events.

I can't stand anything that does not follow the agreed upon standard. Anything that is proprietary. Adobe is big in this area. All of their stuff is proprietary, bloated, huge and slow. Now that HTML 5 has arrived and has the standard features built in to do animation, Flash will finally go the way of the dodo. Most of the proprietary systems I can't stand are from Adobe or M$ (Flash, C#, aspx, ActiveX, Cold Fusion). Your right. every system like MyFXBook I have seen has a better way of presentation without using Flash.

I am obviously showing my ignorance in regards to Ichimoku. Is there an indicator

for MT4? How do you use it? I'll check out BabyPips. Back to school for me

Rick

Merrygoround · 2012-02-01, 09:38 AM

And further down we go. This must be the worst performance of TFOT until now. It is completely out of sync with current market conditions. I am gonna stop trading it until it shows some profit. On the official myfxbook TFOT hit a full 120 pip SL

. Once again I can see the wondrous advantage of copying the Alpari demo trades, where the same trade is still undecided.

**rsmereka** · 2012-02-01, 10:52 AM

Quote:

Originally Posted by Merrygoround

And further down we go. This must be the worst performance of TFOT until now. It is completely out of sync with current market conditions. I am gonna stop trading it until it shows some profit. On the official myfxbook TFOT hit a full 120 pip SL

. Once again I can see the wondrous advantage of copying the Alpari demo trades, where the same trade is still undecided.

Sorry to hear that,

The equity curves for the two versions are different but then again, the V3.x real account is also trading USDCAD. The posted closed trade max DD on the V2.x account is 23.15% and the V3.x account is now at 20.3% so it's close to bottom if you believe that the two versions will perform similar.

Yah, there are many EA's that perform so much better on an Alpari UK demo account. The only EA I have seen where this is not the case is Forex Combo.

Rick

Merrygoround · 2012-02-16, 07:42 PM

This is beginning to sound like a broken record... TFOT v3.1 is a disaster up till now. -20% since its release in December 2011. v2 is not doing a lot better either. Trading with TFOT is like a roller coaster ride. One moment you are on top of the world, the next day you can hit rock bottom. Typical behaviour for a breakout EA? I hope the creator knows that the purpose of this game is to gather green pips, not red ones.

Today it took my demo equity down by 10% (trading with 8% risk on EurUSD). Tomorrow it might just as well do the opposite. You need to have nerves of steel to handle those ups and downs.
I am once again confronted with the ever returning question: how much room do you give an EA? I paid a lot of money for it, but I cannot allow it to go on wreaking havoc on my account and keep on hoping things will improve.

By the way I feel like an huge ass. I was always wondering why my demo was doing so much better than my real account. Today I discovered that the first one is USD based, the latter in Euro.