EvolutionX robot review - Page 15 - Pip Cop

**pipdetector** · 2009-03-05, 06:51 AM

Does anybody have any suggestion at what point

it would be advisable to close the hanging positions manually? I must admit that the developer's documentation is sparse (to say the least). I wonder to what extent manual interventions will negatively affect the ea's performance...

IvoHR · 2009-03-05, 07:14 AM

i thought about, when the equity is the double of your initial start deposit.
for example:
Deposit: €1000
Equity: €2000
--> close
--> get payout €500
New Dep: €1500
Equity: €3000
--> close
--> get payout €750
.
..
...

I recongnized in backtesting, if you do close your trades after getting it doubled, it didtn had a huge drawback since 2005.

ivo

**pipdetector** · 2009-03-05, 07:36 AM

Quote:

Originally Posted by IvoHR

i thought about, when the equity is the double

Sounds good assuming that you survived till your account equity doubles...

IvoHR · 2009-03-05, 07:39 AM

i'm going to backtest again. but as i can remeber, since 2005 no lost.
i'll check again. ill give a new statement after finished backtesting

**pipdetector** · 2009-03-06, 05:34 AM

While the ea's performance is impressive, I have a feeling that its potential of crashing account is quite high. Especially at the beginning, when no "real" profits have accrued yet.

So my strategy would be to start from a small account only. If it works from the beginning, realize the profit as IvoHR suggests when the initial account balance equals "real" profits (ie after deducting the DD). Afterward you may lose profits only...

**rsmereka** · 2009-03-06, 09:19 AM

Quote:

So my strategy would be to start from a small account only. If it works from the beginning, realize the profit as IvoHR suggests when the initial account balance equals "real" profits (ie after deducting the DD). Afterward you may lose profits only...

While, in theory, that is a good plan, in reality, it does not work (IMHO). I started a demo with the minimum recommend by the author (3K) and the account blew in a week due to exhausted free margin

.

I restarted another demo with 5K and it ran much smoother.

This EA needs a lot of seed money in the beginning until it finds it's niche. You are correct, the startup period of this EA is the most critical and it depends on the initial deposit and the market (whether it is in a solid trend

). Right now, the EURUSD is ranging, not trending so the start up of this EA might be shaky.

I recently changed brokers and re-started a demo with my new broker

yesterday. Everything was going smoothly until the bull news spike in the last hour and then the drawdown

hit. At least this EA has not decided on the trend

(Trade Buy or Trade Sell) which is good. It knows that it is in a ranging market.

Rick

peteronmaui · 2009-03-06, 02:08 PM

I had it going on a demo which unfortunately expired just before I had doubled the account. I had to start a new one on 2-20, with $ 5,000, which made 20% within a day but since then has gotten awfully stuck with a drawdown

of up to 72%. With 1.5 lots Long and 0.9 lots Short

the eurusd probably has to go to 1.3248 before this gets 'unstuck' without a loss.

**pipdetector** · 2009-03-07, 04:02 PM

Quote:

Originally Posted by rsmereka

While, in theory, that is a good plan, in reality, it does not work (IMHO). I started a demo with the minimum recommend by the author (3K) and the account blew in a week due to exhausted free margin

.

I restarted another demo with 5K and it ran much smoother.

[...]

Rick

As far as I know EvolutionX takes larger positions proportionally to the account value, so I am afraid it may blow even 5K+ accounts at the beginning. I guess it may be a good idea to limit the position sizes.

peteronmaui · 2009-03-07, 05:04 PM

Quote:

Originally Posted by pipdetector

As far as I know EvolutionX takes larger positions proportionally to the account value, so I am afraid it may blow even 5K+ accounts at the beginning. I guess it may be a good idea to limit the position sizes.

The problem is, that we cannot do that, only the author can. I wish that lot size would be adjustable.
Peter

**pipdetector** · 2009-03-07, 06:12 PM

Quote:

Originally Posted by peteronmaui

The problem is, that we cannot do that, only the author can. I wish that lot size would be adjustable.
Peter

There is a "Lots" entry in the ea properties. I think it does affect the way the expert works. I compared it's performance for the following values: 0.1, 0.05, 0.01 and they differed considerably. The diagram was the same shape, but its slope was the steepest with 0.1 lot and the least steep with 0.01 lot. However, the story went similar in all cases, up to a point

it uses the initial lot size, but then it multiplies the lot size and the slope becames steeper till the hanging positions have to be closed at the end of the test.