WFL031D (CollectiveFx) (By Wallace)
The user has made his system private.
WFL031D (CollectiveFx) Discussion
May 11, 2010 at 13:52
1,114 Views
13 Replies
forex_trader_7
Member Since Aug 01, 2009
941 posts
May 13, 2010 at 23:12
Wallace.
It's pretty obviously a load of dwang. Lost 92% of it's value at some point, open trades are locked and so on. Just spam really that spoils the website for the rest of us.
It's pretty obviously a load of dwang. Lost 92% of it's value at some point, open trades are locked and so on. Just spam really that spoils the website for the rest of us.
May 14, 2010 at 00:45
Ok, I unlocked the open trades now for sake of transparency. We have nothing to hide though 😞. May be you will see this account got swiped out soon 😉
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Member Since Feb 25, 2010
95 posts
May 20, 2010 at 20:11
Hi Wallace,
Why do you say that this account might get swiped out soon? Doesn't look like a Martingale.
Did you just introduce the USDCAD and USDCHF pairs? All the floating losses are from them. The closed AUDUSD, NZDUSD, and USDJPY trades look good.
Why do you say that this account might get swiped out soon? Doesn't look like a Martingale.
Did you just introduce the USDCAD and USDCHF pairs? All the floating losses are from them. The closed AUDUSD, NZDUSD, and USDJPY trades look good.
Member Since Feb 25, 2010
95 posts
May 20, 2010 at 20:33
What the heck am I saying, it's 4:20am and getting zoned out.
Took a look at the floating losses again and it is a Martingale.
I see some gradual decrease in lotsize for later positions and also increase in distance. Could you share the calculation logic and rationale behind it?
The max position is 10? Any final stop-out point?
Thanks for sharing by the way.
Took a look at the floating losses again and it is a Martingale.
I see some gradual decrease in lotsize for later positions and also increase in distance. Could you share the calculation logic and rationale behind it?
The max position is 10? Any final stop-out point?
Thanks for sharing by the way.
May 21, 2010 at 00:29
Hi Clearpaper,
Thanks for your message. When I said this account might get swiped out soon, I didn't really mean that 😄. I just mean't that we didn't intend to hide anything even if the performance of the system is not good.
This is a private EA developed by our partner which adopts grid trading strategy (it is not a martingale EA). It is a trend based EA and has unique money management strategy to control the risk and recover losses in unfavorable market condition.
It is not for selling but only for managed our clients' accounts. It is under final testing stage. You can also find another demo test in myfxbook here:
https://www.myfxbook.com/members/Wallace/WFL029D/28110
Cheers,
Wallace
Thanks for your message. When I said this account might get swiped out soon, I didn't really mean that 😄. I just mean't that we didn't intend to hide anything even if the performance of the system is not good.
This is a private EA developed by our partner which adopts grid trading strategy (it is not a martingale EA). It is a trend based EA and has unique money management strategy to control the risk and recover losses in unfavorable market condition.
It is not for selling but only for managed our clients' accounts. It is under final testing stage. You can also find another demo test in myfxbook here:
https://www.myfxbook.com/members/Wallace/WFL029D/28110
Cheers,
Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
May 23, 2010 at 14:11
The recent fluctuation in EUR and the financial market has provided us a good chance to test the sustainability of this EA 😐
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
forex_trader_5776
Member Since Jan 17, 2010
140 posts
May 31, 2010 at 15:09
Bottom Line is, its still a DEMO which just shows how much faith you have in your system.
May 31, 2010 at 15:29
We admit that our funding is not sufficient for performing real test. However, we still have confidence on this system.
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
forex_trader_5776
Member Since Jan 17, 2010
140 posts
May 31, 2010 at 19:20
I don't think funding is the issue since there is multitude of brokers offering very small deposit requirements and offering nano-lots trading.
The system should perform about the same whether you trade 100 units of 100,000 units. The liquidity issues should not be an issue until you start trading into tens of millions of units with most brokers therefore, the conditions you'll get trading micro/nano lots will be similar to trading standard lots.
That said its still beyond me that you can't come up with $5000 to test this thing and yet you require minimum deposit of $5000.00 to manage with a system that you had not tested live yet with even a penny.
There is an ocean of difference between forward live trading and forward demo trading or even back testing.
I wish you luck
The system should perform about the same whether you trade 100 units of 100,000 units. The liquidity issues should not be an issue until you start trading into tens of millions of units with most brokers therefore, the conditions you'll get trading micro/nano lots will be similar to trading standard lots.
That said its still beyond me that you can't come up with $5000 to test this thing and yet you require minimum deposit of $5000.00 to manage with a system that you had not tested live yet with even a penny.
There is an ocean of difference between forward live trading and forward demo trading or even back testing.
I wish you luck
May 31, 2010 at 22:31
Hi Robert,
Thanks for your comment. From a trader's/investor's perspective, we fully understand and agree with you view. We should be able to show a real result soon.
Kind regards,
Wallace
Thanks for your comment. From a trader's/investor's perspective, we fully understand and agree with you view. We should be able to show a real result soon.
Kind regards,
Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Jun 22, 2010 at 10:30
Hi Traders,
We commenced live trading in managed account. Real trading result can be found here:
https://www.myfxbook.com/members/Wallace/wfl031-managed-account-1/37241
More real trading results will be uploaded later.
Kind regards,
Wallace
We commenced live trading in managed account. Real trading result can be found here:
https://www.myfxbook.com/members/Wallace/wfl031-managed-account-1/37241
More real trading results will be uploaded later.
Kind regards,
Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
Jun 23, 2010 at 14:31
We add another live account today:
https://www.myfxbook.com/members/Wallace/wfl031-managed-account-2/37607
Kind regards,
Wallace
https://www.myfxbook.com/members/Wallace/wfl031-managed-account-2/37607
Kind regards,
Wallace
Wallace Forex Laboratory conducts research on profitable EAs. Our ultimate goal is to create a portfolio of EAs which can provide consistent profit.
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