what performance levels are you aiming for with your robot?a site doing live tests of 4 of the most marketed EAs:
started with $250 in an account on Dec1
1st Place: Forex Tracer
Current equity = $260.90
Last week equity growth = -2.9%
All-contest equity growth (since Dec03 2008) = 4.4%
2rd Place: Forex Auto Pilot
Current equity = $253.93
Last week equity growth = -7.0%
All-contest equity growth (since Dec03, 2008) = 1.6%
3rd Place: 10PipsPro
Current equity = $189.44
Last week equity growth = 1.6%
All-contest equity growth (since Dec03, 2008) = -24.2%
4th Place: Steinitz HAS MTF
Current equity = $59.16
Last week equity growth = -32.2%
All-contest equity growth (since Dec03, 2008) = -76.3%
none look particularly good.
does MB trading offer that?
Yes it is one I am monitoring.
http://www.mbtrading.com/forexCommissionRates.aspx
There is a company here in Australia based in sydney that claim to do STP and make money from commissions. I have installed the demo and they claim that it is exactly the same feed as the live platform. Time to give Go Markets the flick. Unless they can sort out their liquidity problems. It appears they are mostly taking the other side of trades and cannot effectively hedge winning trades into interbank market
Commission is $22.00 per full lot or $2.20 per 0.1 lot
They claim to pass all orders to the Interbank Market and not run a bucket shop.
what performance levels are you aiming for with your robot?
I'm trying to develop a robot to achieve:
(a) profit: average of 500 pips a week (100 per day),
(b) longevity: trading EUR/USD continuously throughout the forex 24/5 week,
(c) drawdown: target of some down days but no down weeks.
spread of 3 pips on the euro + commission??
does that mean $5.20+ per trade on the eurousd? ie about 5 pips?!
there are very few bucketshops left in FX. if you understand the FX markets properly you should realise every player worth their salt matches trades and hedges exposure to another player.
program your own EA and theyll take it no dramas.
i rang them up to ask about some EAs we've been doing. some can be quite short term.
i got told, not a drama, as long as theyre not widely available commercial EAs because they mess with their systems when they attempt to pass through trades. which i fully understand why and how they do.
With the systems I'm developing, I start with the same initial position, which is increased as the profit targets are met, and gets increased whenever additional entry signals are generated. It's important to be aggressive with your capital when things are going your way.Without revealing too much, why is this done and what initiates or determines lot size please?
yep that's a good plan, especially since you've tested your systems over a long period of time, and have a good idea of what they can do.a. profit = as much as we can achieve.
With the systems I'm developing, I start with the same initial position, which is increased as the profit targets are met, and gets increased whenever additional entry signals are generated. It's important to be aggressive with your capital when things are going your way.
With the systems I'm developing, I start with the same initial position, which is increased as the profit targets are met, and gets increased whenever additional entry signals are generated. It's important to be aggressive with your capital when things are going your way.
my modelling is based on tick-by-tick data gathered live from the broker, so I think it reflects real market conditions. It seems to me that there's plenty of time (for a computer) to decide to get out of a trade, even if this time is less than a minute when the market is moving very fast. Still there needs to be a stop loss order placed for protection at zero profit, just in case the computer or robot crashes while a large sized position is open.Good on you.Pyramiding into winning positions is all fine and dandy until the sudden reversal!
This company looks like the Real Deal.
http://www.forexfs.com/
I have spoken to these guys on the phone and have openned an account.
Minimum Starting Balance is 10k
First trade must be 5 full lot trade
Commission is $22.00 per full lot or $2.20 per 0.1 lot
Scalping EA are allowed
They want volume customers who have experience
Relatively young company only about 18months.
Money is in NAB accounts.
They claim to pass all orders to the Interbank Market and not run a bucket shop.
They already have customers running a paticular EA that trades the asian market times.
What do you think....
I'm writing java systems to analyze the data I have recorded, which allows a forward-test simulation.What sort of optimizations can you run in Strategy Tester?
Can you run multiple optimizations on the one test?
For example setting a range of variables to test for say example 20-100 Pt Trailing Stops in increments of say 5?
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