Xcalper Real Test (By xcalper)
| Gain : | +1304.03% |
| Drawdown | 90.44% |
| Pips: | 704.1 |
| Trades | 230 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Automated |
Xcalper Real Test Discussion
Member Since Jul 02, 2012
127 posts
Jan 27, 2013 at 08:45
are you using the hedge protection mode for this account and is the hedge protection necessary?
Member Since May 08, 2012
60 posts
Jan 29, 2013 at 06:44
do u think it is better to use the EA at ECN broker?
Jan 31, 2013 at 08:15
Hello Xcalper,
Updated:Jan 29 at 20:12 ?????? Big DD !!!!
FPA live:
https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm
2875172 2013.01.30 09:46 buy 0.20 eurusdi 1.35337 1.35307 1.35940 1.35527 -1.40 0.00 -1.26 38.00 19
You manaul open trade with buy 0.20 lot?
This EA is scalper? I don't think!
For me you have lost confidence vendor. Sorry.
Updated:Jan 29 at 20:12 ?????? Big DD !!!!
FPA live:
https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm
2875172 2013.01.30 09:46 buy 0.20 eurusdi 1.35337 1.35307 1.35940 1.35527 -1.40 0.00 -1.26 38.00 19
You manaul open trade with buy 0.20 lot?
This EA is scalper? I don't think!
For me you have lost confidence vendor. Sorry.
Jan 31, 2013 at 12:05
Xcalper,
I thought this was a scalper. It is definitely not.
Looking at your live account you have two orders that are opposite of each other a sell 1 Lot and a Buy 2 lots that have been going since Jan 29 and Jan 30 respectively.
Big drawdown in play!
It is good that I waited a bit to see this. Caveat Emptor !!!
I thought this was a scalper. It is definitely not.
Looking at your live account you have two orders that are opposite of each other a sell 1 Lot and a Buy 2 lots that have been going since Jan 29 and Jan 30 respectively.
Big drawdown in play!
It is good that I waited a bit to see this. Caveat Emptor !!!
Plan your trade, trade your plan
Jan 31, 2013 at 18:43
Kaptain posted:
Xcalper,
I thought this was a scalper. It is definitely not.
Looking at your live account you have two orders that are opposite of each other a sell 1 Lot and a Buy 2 lots that have been going since Jan 29 and Jan 30 respectively.
Big drawdown in play!
It is good that I waited a bit to see this. Caveat Emptor !!!
It is a scalper. Please read the info on 'Hedge Protection' and you will know how it works.
Please let me know if you have questions.
Jan 31, 2013 at 18:46
Jarora posted:
Hello Xcalper,
Updated:Jan 29 at 20:12 ?????? Big DD !!!!
FPA live:
https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm
2875172 2013.01.30 09:46 buy 0.20 eurusdi 1.35337 1.35307 1.35940 1.35527 -1.40 0.00 -1.26 38.00 19
You manaul open trade with buy 0.20 lot?
This EA is scalper? I don't think!
For me you have lost confidence vendor. Sorry.
It is a scalper. Please read the info on 'Hedge Protection' and you will know how it works.
Please let me know if you have questions.
Feb 01, 2013 at 01:56
1.) What are the time frames for the charts that your EA is attached to (Website seems to indicate that it doesn't matter). Does the 1-minute chart get more trades then the 1-week chart?
2.) What specific setting in this EA turns on/off money management?
2.) What specific setting in this EA turns on/off money management?
Member Since May 04, 2012
1608 posts
Feb 01, 2013 at 03:09
The hedging technique is clear from the trades dated January 29th and 30th.
This time it had worked out nicely, but what happens if the market decides to linger around the price level of the hedging position, stopping out and reentering it (with 3 pips SL in this case) on numerous occasions, again and again...??
Well, I know the answer from first hand, as I created such a 'Hedging EA' (to compliment a Martingale EA to prevent its inevitable demise). It did work well for a while, but at one point the market started to go sideways for a prolong period of time hitting the hedging EA's entry and SL levels numerous times, eventually chewing up the account in small pieces like a piranha (as opposed to 'Martingale strategies' which blow up your account at once).
This time it had worked out nicely, but what happens if the market decides to linger around the price level of the hedging position, stopping out and reentering it (with 3 pips SL in this case) on numerous occasions, again and again...??
Well, I know the answer from first hand, as I created such a 'Hedging EA' (to compliment a Martingale EA to prevent its inevitable demise). It did work well for a while, but at one point the market started to go sideways for a prolong period of time hitting the hedging EA's entry and SL levels numerous times, eventually chewing up the account in small pieces like a piranha (as opposed to 'Martingale strategies' which blow up your account at once).
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Feb 01, 2013 at 07:58
The hedging technique is for death of spalping strategy. Consistently high DD!!! Use classic TP and SL.
https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm
https://statements.forexpeacearmy.com/8e6c21684f1b93f2984a23997e504ddc4ddedb28.htm
Member Since May 04, 2012
1608 posts
Feb 02, 2013 at 07:04
profix posted:
90% DD ??? No, thx!!
Based on the trade analysis, the account balance DD was probably much less than 90%, as the BUY hedging position stepped in action to counteract the open loss of the SELL position.
Nevertheless, as Jarora stated it correctly: 'The hedging technique is for death of scalping strategy.' confirming what I had mentioned previously.
Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
Feb 02, 2013 at 16:32
profix posted:
90% DD ??? No, thx!!
that number is not correct. Myfxbook is showing the amount for the worst trade. but that trade has been open along with a hedge trade which you can see that trade right after the 90% trade. so the drawdown of the account has not been more than 30%.
Please let me know if you need more clarification.
Feb 02, 2013 at 16:32
FxMasterGuru posted:profix posted:
90% DD ??? No, thx!!
Based on the trade analysis, the account balance DD was probably much less than 90%, as the BUY hedging position stepped in action to counteract the open loss of the SELL position.
Nevertheless, as Jarora stated it correctly: 'The hedging technique is for death of scalping strategy.' confirming what I had mentioned previously.
well explained. thanks alot
Feb 02, 2013 at 16:39
FxMasterGuru posted:profix posted:
90% DD ??? No, thx!!
Based on the trade analysis, the account balance DD was probably much less than 90%, as the BUY hedging position stepped in action to counteract the open loss of the SELL position.
Nevertheless, as Jarora stated it correctly: 'The hedging technique is for death of scalping strategy.' confirming what I had mentioned previously.
hedging is not the death of scalping. it saves the day when things go wrong, and of course in trading things can go wrong alot. so thats when hedging trade jumps in trying to save the day. Also it doesnt happen too often. may be once or twice a month.
Please let me know if you have any questions.
Mike
