pipdetector trading journal - Page 2 - Pip Cop

**pipdetector** · 2009-10-16, 10:10 AM

I checked out the webpage about MT5, I am afraid I hardly would like to use it, because:

Quote:

To meet Forex industry standards, MT5 has changed the entire core of position handling. From now on MT5 traders will be able to keep only one position of any single trading instrument/currency pair.

In other words this would be a really bad development for GT-Shadow and Robominer that can work on separate positions and it would force only FIFO

compliant mode. So the whole exodus from US brokers to non-NFA regulated brokers would be pointless. I am beginning to suspect that this is a whole conspiracy behind it

**PipCop** · 2009-10-16, 11:04 AM

Yeah, I just saw that:

http://forum.mql4.com/c/articles/200...ositions_1.png

Not cool.

**rsmereka** · 2009-10-16, 01:50 PM

Yuck

Rick

**pipdetector** · 2009-10-16, 02:38 PM

I wonder what is the point

of introducing a version that is clearly very limiting. So far only the US NFA regulated brokers have to comply with FIFO

and no hedging... Looks as if someone's vested interest intervened...

I wonder how long will we able to stick to MT4, before all the brokers start implementing it.

**pipdetector** · 2009-10-28, 06:11 AM

I changed my messages signature so that it shows my current results with FXCM and FXDD accounts.

**pipdetector** · 2009-12-05, 05:06 AM

I am going to phase out GT-Shadow on FXDD. The account no longer complies with minimum requirements for this EA. I may leave some funds on it to run other EA, but I will definitely move GT-Shadow to a new non-NFA account (most probably Alpari UK).

I am adding Forex Equity Builder to my EAs at ITFX account.

**rsmereka** · 2009-12-05, 01:30 PM

Quote:

Originally Posted by pipdetector

I am going to phase out GT-Shadow on FXDD. The account no longer complies with minimum requirements for this EA. I may leave some funds on it to run other EA, but I will definitely move GT-Shadow to a new non-NFA account (most probably Alpari UK).

I am adding Forex Equity Builder to my EAs at ITFX account.

Good broker

choice for GT IMHO. I have no issues at all with Alpari UK save the occasional mystery spike. I have been with them since March of 2009.

I am anxious to see the performance of FXEB. Please keep us informed. How good is the EURCHF spread

with ITFX?

BTW, EBT, FXEB and MD are numbers 1, 2 and 3 in live trading right now at 4xproject.

Rick

**pipdetector** · 2011-01-24, 05:55 AM

Quote:

Originally Posted by pipdetector

Short summary:

2. Methods:
a) manual/discretionary trades - still learning (meaning do not break even)
b) expert trading: Megadroid (live), FAPT (live: right now on hold), GT-Shadow (live), Prospector (demo), EvolutionX mini (demo only)

3. Currencies traded:
AUD/NZD (GT-Shadow/Prospector)
EUR/CHF (GT-Shadow)
USD/JPY (GT-Shadow)
USD/CAD (manually basing on Prospector concept)

Favorite EA: GT-Shadow
Mostly due to the fact that I feel comfortable with its underlying principles (currency rates moving within defined bounds).

Short

term goals: testing existing EAs and increasing/preserving core capital for trading with selected EAs.

Here is the update to my initial Trading Journal post:

As of 2011:

Ad 2.
a) still doing manual/discretionary trades (learning)
b) expert trading: Megadroid, Pipstrider, (GT-Shadow -- discontinued)

Ad 3.
AUD/CAD (Pipstrider)
AUD/NZD (manual)
JPY/CHF (Pipstrider)
EUR/USD (MD)

Short

term goals: not attained -- most of the capital lost with GT-Shadow (due to unrealistic assumptions regarding the trading range

and position sizing).

**rsmereka** · 2011-01-24, 09:49 AM

Quote:

Originally Posted by pipdetector

Here is the update to my initial Trading Journal post:

As of 2011:

Ad 2.
a) still doing manual/discretionary trades (learning)
b) expert trading: Megadroid, Pipstrider, (GT-Shadow -- discontinued)

Ad 3.
AUD/CAD (Pipstrider)
AUD/NZD (manual)
JPY/CHF (Pipstrider)
EUR/USD (MD)

Short

term goals: not attained -- most of the capital lost with GT-Shadow (due to unrealistic assumptions regarding the trading range

and position sizing).

Sorry to hear about your losses,

That puts you in the same boat with me (getting burnt by Goldmine EA's) although I think we have both said that our running the EA too hot is a contributing factor.

The range

assumptions made by Goldmine in the pairs that are traded are not stable. We saw that in 2010.

Rick

**pipdetector** · 2011-03-21, 11:56 AM

As stated in the topic currently I am trading using mainly two EAs (Pipstrider and FBP) and manual trades.

It seems that manual trades still have a RoboMiner short

AUDNZD bias. I checked recent history and there are quite many short

AUDNZD trades always with the assumption that the current price level is "extreme" and should go down -- so far it brings losses mostly. The difference is that the losses are cut by SLs.

Current state of my main live account:
http://www.myfxbook.com/members/pipd.../ps-fxdd/37870