Launching Bunjip EA - Wish me luck!

[doctorj]

i had a draw down of about AUD$1600 on the yen today after 20 trades before a sufficient pullback.

So either very very small initial position size or not a true martingale...

 

[Stormin_Norman]

So either very very small initial position size or not a true martingale...

bit of both.

0.01 initial position on each currency. biggest position after 20 trades was 0.12. (full lots).

 

[fapturbo]

bit of both.

0.01 initial position on each currency. biggest position after 20 trades was 0.12. (full lots).

So I presume average down and add a set amount to each position at set intervals on the way down?

Then close at a set amount of profits?

 

[Stormin_Norman]

no wrong on both counts.

'average down' on 2ndary indicator looking for pull backs.

profit increases as more positions are opened. constant pip profit, but calculated on the biggest position. (ie break even is calculated, then profit pips are added).

 

[Stormin_Norman]

2.5 weeks on gomarkets.

started with $6k - had settings 10 times overleveraged cause of the change from IBFX to gomarkets (stupid norm ) so took a $500 loss off the bat.

since then the $5.5k remaining balance has hit $10k right at the end of 2.5 weeks of trading.

drawdowns have been quite acceptable and within expected range.

 

[prawn_86]

Thats one fine looking equity chart Norm

 

[pilbara]

great consistency Norm, well done! The equity curves (or straight lines) seem to be similar on both brokers, but the IBFX was steeper than GoMarkets. Is that a difference in results for each broker, due to spread difference, is it really the same but less risky on GoMarkets by using a higher initial equity?

 

[Stormin_Norman]

great consistency Norm, well done! The equity curves (or straight lines) seem to be similar on both brokers, but the IBFX was steeper than GoMarkets. Is that a difference in results for each broker, due to spread difference, is it really the same but less risky on GoMarkets by using a higher initial equity?

id say the slope lessened because we found that the EA should make its trading decisions based on the close of each 5 minute candle, not each tik.

that significantly reduced drawdowns during big news movements and that was our final improvement to the EA, which occurred between the brokers.

that may have been it.

the balance was roughly the same. maybe the markets were slightly more volatile a couple of weeks ago? not sure to be honest.

but as the equity graph grows (ibfx would delete their history after 2 weeks of heavy trading - go markets retains it indefinitely) its great to see how the drawdowns look.

 

[MRC & Co]

Yes, very good work Stormin.

Congrats.

If you don't take up the offer from the Hong Kong based firm, I reckon show it to a prop firm and try get some bigger backing (they will do their own testing, but from the results, looks fine). Their $$$, and you could up the lot sizes, easy to do with large currency pairs as you know, and the rewards for yourself are endless.

All the best champ, good to see you doing well.

 

[CanOz]

Yes Indeed Norm, well done. You've set the bar for EA's on here.

Cheers,


CanOz

 

[Wysiwyg]

That is an excellent achievement so far Stormin`.

A big question I have is whether the financial system will allow an auto trading system to be that successful.The potential to create large sums of money is evident from the current equity trend.

Without sounding too conspiratorial, do you think sabotage is possible?Or alternatively, are the EA parameter/signal weaknesses exploitable in any particular currency pair?Will you be allowed to succeed?

 

[pilbara]

id say the slope lessened because we found that the EA should make its trading decisions based on the close of each 5 minute candle, not each tik.

that significantly reduced drawdowns during big news movements and that was our final improvement to the EA, which occurred between the brokers.

that means you've gone through about 10 versions of the EA to get to where you are now. I'm still working on version 1 of my first EA and this shows to me how much more work there is to do!

 

[Stormin_Norman]

Will you be allowed to succeed?

i have 3 different versions running now.

interesting to note that rarely do they trade at the same moment.

because its always trading, unless the two EAs are started at exactly the same time, they will actually rarely make orders at the same time.

 

[CanOz]

i have 3 different versions running now.

interesting to note that rarely do they trade at the same moment.

because its always trading, unless the two EAs are started at exactly the same time, they will actually rarely make orders at the same time.

Yeah, this is similar to opening two different platforms at different times and getting different looking candles on the same pair right?

CanOz

 

[peter2]

Keep an eye on the combined equity curve SN. You may find that the drawdown of the combined EA equity is much smaller (%) than each individual EA drawdown.

 

[Stormin_Norman]

Yeah, this is similar to opening two different platforms at different times and getting different looking candles on the same pair right?

CanOz

no, even with identical data they would be different. because the EA is almost always trading in a direction, if one has a drawdown when the 2nd EA is started they are unlikely to match up.

one might be short on the JPY and have 3 positions open while the market is rising. adding a 2nd EA at this time will see it open a position long. even when both EAs are in the same direction theyre not making trades at the same instance.

Keep an eye on the combined equity curve SN. You may find that the drawdown of the combined EA equity is much smaller (%) than each individual EA drawdown.

yes, that is something im looking at atm. is seperating the EA into two. one side does only long trades, the other only short trades. then if a prolonged rise in a currency causing a drawdown during a short sell will allow the 2nd part of the EA to buy during this rather then the EA being locked into it original position until it can exit.

 

[CanOz]

no, even with identical data they would be different. because the EA is almost always trading in a direction, if one has a drawdown when the 2nd EA is started they are unlikely to match up.

one might be short on the JPY and have 3 positions open while the market is rising. adding a 2nd EA at this time will see it open a position long. even when both EAs are in the same direction theyre not making trades at the same instance.




yes, that is something im looking at atm. is seperating the EA into two. one side does only long trades, the other only short trades. then if a prolonged rise in a currency causing a drawdown during a short sell will allow the 2nd part of the EA to buy during this rather then the EA being locked into it original position until it can exit.

At the risk of sounding a bit naive here, could that be why my system produces different results on two different PCs? My home PC, software, data is producing huge results, almost unbelievable, but the entries and exits look ok...but at work, same software, same data, its more tame, more believable.

Can't get my head around it yet.

CanOz

 

[Stormin_Norman]

how does it trade?

my results are the same, the means of obtaining them are different.

its not a system which trades irregularly, on an exact signal, like the famous FAP. so multiple instances will unlikely match up as theyll be travelling along different paths.

its kind of hard to explain unless youve watched it happen.

hence the question of how your system trades, not how it calculates them, but how often more so.

 

[CanOz]

how does it trade?

my results are the same, the means of obtaining them are different.

its not a system which trades irregularly, on an exact signal, like the famous FAP. so multiple instances will unlikely match up as theyll be travelling along different paths.

its kind of hard to explain unless youve watched it happen.

hence the question of how your system trades, not how it calculates them, but how often more so.

The system is looking for a trend indication, then a spot to jump on. After that its all trade Mgt. to get off the trend, for the most part.

My partner is busy so i've been left to figure it out on my own for a couple of weeks....oh oh.

Cheers,


CanOz

 

[Stormin_Norman]

so really it should pick the same spot to trade?