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Old 2009-03-08, 01:18 PM   #151 (permalink)
Pip Officer
 
Trader for 8 + years
Location: Maui
Posts: 60

Default

Quote:
Originally Posted by pipdetector View Post
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.
last time I tried that on EvolutionX, only the first lot traded was adjustable, the following ones reverted back to the original preset and multiples of that.
Peter
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Old 2009-03-08, 04:27 PM   #152 (permalink)
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Trader for 1 - 2 years
Location: Poland
Posts: 466
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Trading Live with:
Pipstrider and Megadroid
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Yes, I also noticed it on backtesting results. The first series of trades was 0,01, then it suddenly switched to 0,1 and never looked back... Maybe the version for minilots has it fixed somehow.
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Old 2009-03-09, 10:55 AM   #153 (permalink)
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Trader for 2 - 4 years
Location: Kenya
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Default Why still testing?

Hi pipcop,
Why is this EA still in testing? Arent we supposed to see it Live after 90 days?
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Old 2009-03-09, 10:59 AM   #154 (permalink)
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I need more money to fund the live account.

Besides, there are reports that the mini version doesn't work so that is why I am starting the review on Evolution V which is the upgraded/fixed version.
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Old 2009-03-09, 01:02 PM   #155 (permalink)
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Is EvolutionV available to demo?
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Old 2009-03-09, 02:15 PM   #156 (permalink)
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I think so, I found it somewhere on the web (sorry, can't remember where) so you should try searching.
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Old 2009-03-10, 08:11 PM   #157 (permalink)
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Default

Yesterday EvolutionX has opened 10 short postions on EURUSD with the account balance 3800 USD, today I see 1000 USD DD -- the ea definitely is not for small accounts -- it can wipe them out easily. It should not only gauge the lot size by the account balance, but it also should limit the number of opened positions in a safer manner.

Although it is a demo account only, it is hard to let the system go its way...

I guess I need the version for mini account...
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Old 2009-03-11, 01:02 AM   #158 (permalink)
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Trader for 4 - 8 years
Location: Singapore
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Hi. allow me to share my experience with EvoX.

I am trading it live with $1000 mini account with Alpari. And now my Equity is about $1400 w DD of about $450. Just ran it for less then 2 weeks.

I've discovered a good way to profit from this incredible EA.

After some observation, I realized that as the price of EU goes higher, It'll close some of the buy orders with profit and then opens new buy order higher up the chart. And when it goes down, It'll close the sell order in profits and open new sell orders lower down.

This will create a quite a big gap between the buy and the sell orders. And I'm not too comfortable with it.

So what i did is, When it goes up and close some of the buy orders I'll put a sell order with 0.2 lots at the top. So when it is retracing, it will close the 0.2 lots Sell order w profits bit by bit, eg. 0.01 lot.

And when it reaches the middle of the big gap, I enter a hedge position, bot buy and sell with 0.2 lots each. So which ever is in profit, it'll close it bit by bit.

And when i reach double in the equity, I'll close all trades and start over again. I think I'm more comfortable with this method.

This EA is good for managing profitable trades.

And BTW this is my Live statement updating every 5min: http://www.mydailyfxpips.com/sandyeu.../statement.htm
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Old 2009-03-11, 04:54 AM   #159 (permalink)
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Trader for 2 - 4 years
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Quote:
Originally Posted by Sandisct View Post
So what i did is, When it goes up and close some of the buy orders I'll put a sell order with 0.2 lots at the top. So when it is retracing, it will close the 0.2 lots Sell order w profits bit by bit, eg. 0.01 lot.

And when it reaches the middle of the big gap, I enter a hedge position, bot buy and sell with 0.2 lots each. So which ever is in profit, it'll close it bit by bit.
Hey there,
i have a problem. I dont realy understand what you do.

In the first part, you say you open 0.2 lots on the top. What means top for you?
how do you know when it is on the top?
What would happen if it didnt retrace?

In the second part you said, that you open a hedge position in the middle of the gap.
For example we have been winning with bye positions for a long time now. and
the retracement beginns. and we are in the middle of the gap. Would you open a new buy possition in the middle of it? and whats the size?
is the bot going to open 0.2 by itself?

Sorry i nearly got your idea, but it's alil bit confusing for me at the moment.
thanks for the answer
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Old 2009-03-11, 05:25 AM   #160 (permalink)
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Trader for 4 - 8 years
Location: Singapore
Posts: 6

Wink Trade at your own risk.

Please be warned. Whatever works for me may not be suitable to you. Trade at your own risk. As of now my account is up to $1440 already with $706 closed profit and DD of $450.

In the first part, you say you open 0.2 lots on the top. What means top for you? how do you know when it is on the top?

You will see a group of buy orders on the top range of the price. Anywhere between that I'll just put a sell order with 0.2 lot.

What would happen if it didnt retrace?
It will retrace at the present situation. But If it didn't retrace, your sell order is among the buy orders, so it's on top, I'll open a buy order with 0.2 lot to hedge it. Ultimate aim is to build up the closed balance so your equity will keep increasing hence, won't need to worry too much on margin .

In the second part you said, that you open a hedge position in the middle of the gap.
For example we have been winning with buy positions for a long time now. and
the retracement beginns. and we are in the middle of the gap. Would you open a new buy possition in the middle of it? and whats the size?
is the bot going to open 0.2 by itself?

Yes, I'll open new Buy orders and also new sell orders too. hence the hedge . Even if the bot were to open new position, it will not be bigger then 0.1. I have the bought open a buy position w 0.08 lot right after i open a buy 0.2 lot. But it eventually went even higher and it closed with profits. Before going down again to close my sell with profits too.

All these are done during Asian Session. Because its always or mostly trading in a range .

Sorry i nearly got your idea, but it's alil bit confusing for me at the moment.
thanks for the answer[/QUOTE]

Hope this help. So far so good for me. But you have to always try to balance your buy orders with your sell orders. Try not to open too many position in 1 direction.

All being said, you'll still get your account wipe out in a very bad day if you are not too careful with your manual trades.
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