Launching Bunjip EA - Wish me luck!

[fapturbo]

Looks good.

Appears to have some rather large drawdown periods.

What is the maximum open trade drawdown you would expect to get?

 

[Stormin_Norman]

Looks good.

Appears to have some rather large drawdown periods.

What is the maximum open trade drawdown you would expect to get?

its survived numerous 200-350 pip drawdowns in both its testing and live accounts so far.

it would take 500-600 pips to threaten a $5k account i believe. and this would be without the slight reversal it needs to escape the position.

i have a mark II of the bunjip running on a demo account which increases profits about 50% and could be argued it also slightly reduces drawdowns. but its only in the early stages of demo testing. im still worried it might confuse itself, so needs more then a week of testing before its fed money.

 

[sinner]

Hi Stormin Norman, you should be very proud of your baby, great work I say!

Can you update us on how it survived the weeks craziness?

 

[Stormin_Norman]

Hi Stormin Norman, you should be very proud of your baby, great work I say!

Can you update us on how it survived the weeks craziness?

was on the last post of the last page.

first week of gomarkets:

 

[CanOz]

Good recovery there. Glad to see i wasn't the only blended. You definately recovered betterthan I.

Cheers,


CanOz

 

[Stormin_Norman]

gomarkets continuation:


current balance $8809 AUD
equity $8771 AUD

started 17th feb with $5000 AUD

 

[nulla nulla]

that was the joke

ill post results if you guys want. i was just excited and had to tell someone who understood. i told my gf and she just said 'thats nice'.

When it works and the millions are rolling in, she will be lining up for the ring on her finger (huge diamond of course). Good luck, hope the hard work and stress pays off for you big time.

 

[>Apocalypto<]

gomarkets continuation:


current balance $8809 AUD
equity $8771 AUD

started 17th feb with $5000 AUD

fantastic Norm well done!

 

[Stormin_Norman]

i withdrew $3k from it over the weekend.

u can follow along with it here:

http://storminnorman.mt4stats.com/

 

[CanOz]

Literally "paying the bills" with an EA, who would have thought!

Well done Norm, its a pretty active little sucker too, almost as busy as TH!



Cheers,


CanOz

 

[Stormin_Norman]

Literally "paying the bills" with an EA, who would have thought!

Well done Norm, its a pretty active little sucker too, almost as busy as TH!



Cheers,


CanOz

what's TH?

yeah, that's its modus operandi - lots of trades for a relatively small amount. the drawdowns are inevitable, but it has survived some quite large moves against it - and long may that happen.

its doable, i have another 3 EAs in various states of readiness - and if i can do it im sure a hell of a lot of other people could too.

 

[prawn_86]

Yeh fantastic stuff Norm.

I wish i could get $3k per month from a $5k starting account.

You've done the hard work, now go live it up

 

[CanOz]

what's TH?

yeah, that's its modus operandi - lots of trades for a relatively small amount. the drawdowns are inevitable, but it has survived some quite large moves against it - and long may that happen.

its doable, i have another 3 EAs in various states of readiness - and if i can do it im sure a hell of a lot of other people could too.

TH - Trembling Hand - his scalping is pretty active.

Actually i'm working on one with another ASF'er. Its in version 7 now and showing lots of promise.

Cheers,


CanOz

 

[Stormin_Norman]

nice work canoz. it took us 12 versions before we fed the bunjip.

make sure you report on how successful it is. nothing like a happy story.

 

[CanOz]

nice work canoz. it took us 12 versions before we fed the bunjip.

make sure you report on how successful it is. nothing like a happy story.

Yes would love to report now but i'll leave that up to my partner!

CanOz

 

[nizar]

Norman.
Respect.

 

[pilbara]

thanks for posting your results Norm, it motivates us to see that it can be done!!

also this EA shows that martingale ideas shouldn't be rejected out of hand. This ain't like tossing a coin, where every toss is independent of each other, we are looking at the probability of a short-term reversal during a powerful trend, which is almost sure to happen if there is profit-taking.

 

[Stormin_Norman]

thanks for posting your results Norm, it motivates us to see that it can be done!!

also this EA shows that martingale ideas shouldn't be rejected out of hand. This ain't like tossing a coin, where every toss is independent of each other, we are looking at the probability of a short-term reversal during a powerful trend, which is almost sure to happen if there is profit-taking.

yeah that's it exactly. having a matingale system in itself isnt destined for failure, just drowdowns. the important thing is not to over leverage it. it needs enough space to cope with drawdowns.

if it gets on the wrong side of a trade, it looks for the short term reversal to 'get out' of its position. so far its proved itself to work.

 

[sleepy]

Hi Norm,

Whats your plan(s) going forward with this baby...

Are you going to keep it as a $5000 account and take out $3000 everytime it hits $8000? ... that way if it does blow up the worst you will loose is your original $5000.

... and is this how you managed your account with your MA/stochaistics EA?

sleepy

 

[Stormin_Norman]

Hi Norm,

Whats your plan(s) going forward with this baby...

Are you going to keep it as a $5000 account and take out $3000 everytime it hits $8000? ... that way if it does blow up the worst you will loose is your original $5000.

... and is this how you managed your account with your MA/stochaistics EA?

sleepy

no, this is just the final stages of testing before it gets given 'proper' money.

i have been offered 60% holding in a trading company based in hong kong to trade for them. so atm im working on modeling how to run it based on the required returns to their investors and how to keep risk as low as possible.

so plans are quite large for it, although i never see it trading huge amounts, its returns are quite pleasing.