Rsmereka Trading Journal

[rsmereka]

Originally Posted by pipdetector

Well, it happened, both stops were hit. I am left with just 20000 of my original 50000 demo account . It will take years before I regain that amount . vForce showed its fangs.

Yep,

At least yours was a demo account. I just lost $4,881.88 of real money or 36.25% of my equity

I guess I put that EA on a live account too soon and I ran the EA at a much too high risk value. Oh well, it's only money...

Back to the drawing board.

Rick

[pipdetector]

Indeed, it must hurt on live account...

vForce looks promising with its over 90% hit rate , however similarly to MD and scalping EAs the stop losses are placed at frighteningly low levels.

Shortly, we must be wary with high risk -- or it hammers on our account balance at most unexpected moment...

So we still need to look for the Holy Grail...

[rsmereka]

Originally Posted by pipdetector

Indeed, it must hurt on live account...

vForce looks promising with its over 90% hit rate , however similarly to MD and scalping EAs the stop losses are placed at frighteningly low levels.

Shortly, we must be wary with high risk -- or it hammers on our account balance at most unexpected moment...

So we still need to look for the Holy Grail...

I was thinking of going to EvolutionX next but the author's website is gone and that EA blew two demo accounts on me so I am thinking of Robominer. So what if it takes 10 years to build up a good fund. Ho..hum.

Rick

[pipdetector]

I still continue with EvoX mini on my demo account. It have managed not to blow my account yet. But this time I started with $5000 for EvoX mini. When I used $1000 accounts they got blown quite easily.

I use GT-Shadow with Robominer settings and I am quite comfortable with it. Recently, there was some commotion related to introducing new NFA regulations, but the broker that I use (FXDD) is not NFA regulated yet. The RM author prepared another ea for NFA affected users - Prospector, I am testing it currently, but I find it less safe than RM.

I am going to set up an account with a new broker (most probably with FxPro) and I will seed another GT-Shadow money tree . Even if it makes "only" 50% a year, this is more than I am able to do with my manual trades or with risky EAs (for these I have a relatively small account... in Canada).

[rsmereka]

In light of the huge loss in my live account today with vForce Like EA V1.1, I have pulled this EA from my live and demo account. I also had to re-generate my demo account from the beginning. I loaded it with a balance similar to my live account and put a demo version of Robominer on it. I have left all the settings default except FIFO which I set to false since I do not use an NFA broker . I am only trading the AUDNZD pair for now.

There is going to be an issue with the Robominer lot size if I decide to go live with this EA as my Alpari UK account is classic and the smallest lot size they allow to open a trade is 0.10 (one mini) which is not what Forex Goldmine recommends. Pipcop here has been running GT-Shadow with Robominer settings on an Alpari US demo account with 0.10 lot size for some time now without any difficulty although I noticed that there are a series of losses in the current statement that should not be there.

I am going run a series of back-tests on Robominer with various settings and I'll see the safest way of getting Robominer to at least 0.10 lot size.

Rick

[jerrycollie]

Hi Rick,
Thanks for the update on V-Force. I'll cross that one off of my list!

Keep us updated on RoboMiner-GT Shadow. I bought GT, but have been afraid to turn it loose. I understand it has big draw downs; and I am worried about the swap fees; since it shorts the Audie which currently has the highest interest rate . The interest on the Kiwi was the highest last year.

Last week going long the EUR/USD live on IBFX (No problem with FIFO ):
3 out of 7 copies of Megadroid made the same trade, each +10 pips:
8/7 from 21:00 to 21:05 won 10 pips each.

2 out of 7 copies of Faptubo 47 (set to scalp) made the same trade:
8/5 from 22:14 to 01:31 won 10 pips each.

7 copies of Maestro (set to scalp) made various trades:
8 wins for a total of 79 pips and curiously enough
1 loss of 80 pips.
Maestro won 64 pips the week before; so I am still ahead by 63 pips.

Humanoid made one trade:
8/7 from 06:00 to 12:31 won 23 pips on the 15 minute chart.
So far Humanoid is the winner in this battle of the droids with 2 nice wins and no losses; up 71 pips.

IvyBot set on 4 different pairs made no trades.

[rsmereka]

As you have no doubt read above, yesterday was a disaster. vForce on my live account full-stopped out for a total loss of $4,889.94.

Week: -$4,283.10, -33.3%, -$856.62/day

As I mentioned above, I have pulled vForce from my live and demo accounts. I will probably put it back on my demo account at a very low risk level. In the meantime, I think I will be buying Robominer. I have Robo running on my demo account now and I will soon put it on my live account.

Rick

[rsmereka]

Originally Posted by jerrycollie

Hi Rick,
Thanks for the update on V-Force. I'll cross that one off of my list!

Keep us updated on RoboMiner-GT Shadow. I bought GT, but have been afraid to turn it loose. I understand it has big draw downs; and I am worried about the swap fees; since it shorts the Audie which currently has the highest interest rate . The interest on the Kiwi was the highest last year.

Last week going long the EUR/USD live on IBFX (No problem with FIFO ):
3 out of 7 copies of Megadroid made the same trade, each +10 pips:
8/7 from 21:00 to 21:05 won 10 pips each.

2 out of 7 copies of Faptubo 47 (set to scalp) made the same trade:
8/5 from 22:14 to 01:31 won 10 pips each.

7 copies of Maestro (set to scalp) made various trades:
8 wins for a total of 79 pips and curiously enough
1 loss of 80 pips.
Maestro won 64 pips the week before; so I am still ahead by 63 pips.

Humanoid made one trade:
8/7 from 06:00 to 12:31 won 23 pips on the 15 minute chart.
So far Humanoid is the winner in this battle of the droids with 2 nice wins and no losses; up 71 pips.

IvyBot set on 4 different pairs made no trades.

Thanks for the great report,

I am also watching Humanoid, Ivy and Insider Pro.

The DD on Robominer is not that bad if you stick to the recommended lot size. The rollover fees are also an issue I agree but if the lot size is small, the fees should not eat to much of the profit.

Rick

[jerrycollie]

Hi Rick and Pipdetector,
Maybe you two were running V-Force too hot? I try to stay at about 5%; but heat things up by putting 5% on several different brands of robots. Diversification cuts down the risk as we all know.

[jerrycollie]

Hi Rick,
I have been studying RoboMiner, and I am going to take your advice and turn GT-Shadow loose live on IBFX at .01 lots. They say the spread is too high on IBFX. I'll keep you and Pipdetector posted on the results. I think it may take months for the Shadow to actually pull ahead.
I am still confused on the Shadow's hedging function. That will take more study. Maybe I just have to run a hedge at .01 lots and see what happens?
Good luck next week!