Rsmereka Trading Journal

[rsmereka]

Originally Posted by pipdetector

Where I can find the vForce Like EA expert file?

BTW, have you had a look at XTreme EURCHF? Looks that almost nobody noticed it on PipCop website.

The vForce Like EA V1.1 comes from the Trading System Forex board in their thread here. I slogged through all 47 pages (463 posts) looking for the most up-to-date and stable version and also the important set files. This EA has many settings. I have attached the EA that I downloaded along with the set files for either a 4 decimal broker (not tested but this is the pure set file that I downloaded) or a 5 decimal broker (this is the one that I have in production on both live and demo accounts).

I also re-ran the strategy tests after I discovered that the one that I last posted had a limitation. The EA has a setting for the maximum lot size which is set to 100 by default. Well, that strategy test maxed out that setting. I ran four different tests. All of the tests span the time from January 20, 2006 to July 20, 2009 (3.5 years). Two tests are using a starting balance of 1K and two are using a starting balance of $11,294 (my current live account balance). Also, two of the tests are at 50% risk and two are at 23%.

I can only upload 5 fives at a time. The other two remaining strategy test reports are in the next post.

I have looked at XTreme EURCHF. IMHO, it is an underperformer and it is also a commercial EA that is not on the cheap side. I also looked at their demo account here.

Enjoy
Rick

[rsmereka]

Here are the two remaining strategy test reports. These two are using 50% risk.

Rick

[pipdetector]

Thanks for the files. vForce definitely looks interesting. It is quite impressive to see that after halving account balance it quite fast exceeded the original account balance.

[rsmereka]

Originally Posted by pipdetector

Thanks for the files. vForce definitely looks interesting. It is quite impressive to see that after halving account balance it quite fast exceeded the original account balance.

You are Welcome,

There are some really good things about the vForce V1.1 EA:

1. It is very discreminating about the trade setup. It does not enter a lot of trades. In the 3.5 year span, it opened 280 trades. When you consider that the EA opens two orders (one at 80% of the lot size and one at 20%) for every trade, it amounts to 3.33 trades per month which is about a trade for every 6 trading days. I saw the occasional month in the strategy test where there were no trades for the entire month.

2. It is almost always right. In 3.5 years, all short trades where winners and 13 long trades were losers.

3. It is not a scalper and does not trade an 'exotic' pair that fluctuates with the antics of the brokers.

4. It's a free EA

There are also some bad things about the vForce V1.1 EA:

1. The risk/reward is out of wack. The SL is 75 pips and the large 80% lot TP is 15 pips. True, the 20% lot has a higher TP but this still points to issues.

2. When this EA loses, it loses big. I was calculating a month-to-month ROI in the 3.5 year period and in April of 2006, the account lost 39.4%. In May of 2007, the account lost 64.25% and in April of 2008, the account lost a whopping 79.85%. All of these losses were in one trade each loss (with two open orders as detailed above). True, these numbers are based on running the EA very hot (risk of 50).

3. The EA can go for many days without trading leading people to believe that something is wrong. I recommend that after setting up the EA, you do a strategy test (no optimization) of 2-6 months and check the results to make sure that the EA is setup properly.

I have attached my performance calculations based on the period Feb 21, 2006 to Jul 15, 2009. This details each months' ROI along with yearly averages and an average for the entire period.

Enjoy,
Rick

[rsmereka]

It was a very quiet week trading my live account. There was only one trade from the vForce Like EA V1.1 which was a winner. vForce has setup another EURUSD buy trade but the order has not been placed yet.

Week: $284.25, 2.58%, $56.85/day

My VPS demo account was another story. Forex Boomerang had one complete trade which was a winner and there is another Boomerang trade in progress (14 pips in the red as I write this). FL_MACD continues to loose. It is some $1,700 in the red currently. I decreased the risk percent on this EA to one. TripleHeaderMACD is not trading at all. I think I am going to adjust it's settings to the last one recommended by Batchboy.

Rick

[jerrycollie]

Hi Rick,
V-Force does look interesting.
Remember NFA's FIFO rule goes into effect on Aug. 2. Non-US brokers are not affected. IBFX is compliant. Make sure you don't get caught in the squeeze.
Megadroid did not trade for me last week. Instead I think he went to Paris to party with the Euros he earned the week before.
Traders on the other forum I visit are excited about Forex Humanoid. I plan to test it live on IBFX next week. They claim 99% accuracy. We shall see. I will keep you posted.

[rsmereka]

Originally Posted by jerrycollie

Hi Rick,
V-Force does look interesting.
Remember NFA's FIFO rule goes into effect on Aug. 2. Non-US brokers are not affected. IBFX is compliant. Make sure you don't get caught in the squeeze.
Megadroid did not trade for me last week. Instead I think he went to Paris to party with the Euros he earned the week before.
Traders on the other forum I visit are excited about Forex Humanoid. I plan to test it live on IBFX next week. They claim 99% accuracy. We shall see. I will keep you posted.

Hi Jerry,

My broker is Alpari UK so I am not affected by any silly rule the NFA comes up with.

MegaDroid did not trade at all last week for me either. I guess the market conditions were not right for it. The EURUSD has been ranging for weeks now.

Forex Humanoid sounds interesting. I'll do some research on it. I have been keeping an eye on Forex Insider Pro myself. You may want to look into that one.

Take a look at this demo forward test on Forex Humanoid.

Rick

[pipdetector]

I have set up VForce on my demo account and it definitely looks promising.

[rsmereka]

Originally Posted by pipdetector

I have set up VForce on my demo account and it definitely looks promising.

I really cashed in this week with vForce on my live account. Three trades (six orders in total), all buys. It caught the bulk of that sweet bull move in the EURUSD pair. My account is up 8.8% just this week and I am only running vForce at 23%

Rick

[pipdetector]

Yes, at such moments I feel urge to forget about demoing any EA and just stuff it into the live account .