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- Paracelsus replied Nov 24, 2014
Yes, yes...! Let's run to Twee...! Lets run to Twee...! You should have stayed in Kindergarten Spyderman... with your Spyderman toys... Anyway this money management method has very slight credibility until placed in practice with some evidence that ...
- Paracelsus replied Nov 24, 2014
No offense. Actually I am smiling as I expected/anticipated the above response. Sure, the "theory" sounds fantastic, but no verifiable proof whatsoever of the PRACTICAL IMPLEMENTATION of this fantastic strategy (even of past successful trades). ...
- Paracelsus replied Nov 24, 2014
Without proof the whole theory could be just a college project on how to fool hundreds of people within the shortest period of time... By the way, what is wrong about requesting a MyFxBook link...? Well, the only "wrong" thing might be that it turns ...
- Paracelsus replied Nov 24, 2014
I have to assume that there was something wrong with the EA used for this test, as according to the original algorithm there should have been only 3 (or 2) open trades in one direction. On the screenshot 19 trades are closed at once...
- Paracelsus replied Nov 24, 2014
All this theory is nice, but I would still be curious to see a verified MyFxBook link or MyFxBook profit graph (without actual $ values, of course)... Are you up for this challange, Fez...?
- Paracelsus replied Nov 23, 2014
Well, if "the entries do not make a method", it is relatively easy to create an EA around the theory and the backtests will immediately prove or disprove the viability of this approach.
- Paracelsus replied Nov 23, 2014
@dogol I am almost sure you will never see a trading statement or a MyFxBook performance page. The whole thread - especially the "story line" with the med.school background and the sick boy in the hospital with "avascular femoral necrosis" - sounds ...
- Paracelsus replied Nov 22, 2014
@vaper Thanks for the - little surprising - results. The most surprising finding was that "there were more baskets then single (or double) trades", especially that EMA200 related Batch1/Trade1 direction choice was intended to get (at least slightly) ...
- Paracelsus replied Nov 21, 2014
The issue with two non-synchronous EA is that at any point they may align in the same direction which might double the DD. So once started together, the EA which reaches TP first would have to wait with its next "Batch1/Trade1" entry until the other ...
- Paracelsus replied Nov 21, 2014
Do you mean by building a bi-directional MGH EA...?
- Paracelsus replied Nov 21, 2014
Excellent idea, Mastersenseo! Thanks!! With your suggestion the profitability of the strategy can be practically doubled, assuming that picking Batch1/Trade1 direction based on 1-hr EMA200 had a 50% chance of winning the 1st Batch. Even if this ...
- Paracelsus replied Nov 21, 2014
Based on Kfx's backtests, this 100 Euros account will not survive... In Kfx's bactests even a 10k account with 0.1 starting lot had -50% DD at least twice a year.
- Paracelsus replied Nov 21, 2014
I have run into a similar (or same?) problem with my own EA. The programmer had to use "Global Variables" (whatever it means) to save the current state of the entries and to reconstruct the situtation after a restart.
- Paracelsus replied Nov 21, 2014
As the enclosed screenshot shows the 10 pips (and 1x) grid was just perfect for the small pullbacks in the new trend: image
- Paracelsus replied Nov 21, 2014
MGH EA has handled the EURUSD price drop with flying colors (M5 chart for better viewing): (Profits are made wherever the price goes...) image
- Paracelsus replied Nov 21, 2014
Once Batch2/Trade1 (i.e. the 3rd trade in a row) is opened the name of the game is: "ESCAPE from the BASKET". So my EA runs the same way as SwingMan's. In other words: when Batch2/Trade1 is opened the EA is already hedging Batch1 and anticipating a ...
- Paracelsus replied Nov 20, 2014
Update on forward test (still looking good, i.e. 14.2% net profit over the past 3.5 weeks): image
- Paracelsus replied Nov 20, 2014
I use 10 pips grid distance and only ONCE per direction. It seems that 10 pips are just fine to catch retracements if the trend continues. Giving "more room" for retracements would delay the entry of the "hedge" trade and increase the floating DD ...
- Paracelsus replied Nov 20, 2014
Actually I am using a different EA, but the same principle. Settings are simple: 1. Starting with 0.1 lot (altough I plan to reduce BatchX/Lot2 (i.e. the 2nd trade of each Batch) by 50% as per SwingMan's suggestion in this blog. 2. LotMultiplier: ...
- Paracelsus replied Nov 19, 2014
MGH has nicely profited from sudden volatility, as profits are made wherever the price goes. And it (almost) does not matter where it goes... image