Yen Master 100% Automated (Fin Fx) Diskussion

Hello Everyone,

I have started trading on this account as of June 21, 2011 using my EA - YenMaster - 100% automated.

This is just a real money micro account I opened 6 months ago, put $450 in, did some manual trades (too large) playing around, lost a couple hundred dollars, and took the money out.

NOW I have put $150 in (to start with), and as my EA has been going through extensive development, I feel okay with running this account 100% automated, never to be touched under any conditions. This will give me a reference point for my EA's performance and help me in future development.

It is a long story of what has been going on with me, but the point is I am extremely optimistic and excited about the developments I have been making with my EA. Times of hardship often bring renewed focus and sometimes we take something to a new level. This is what I am doing with my EA. I have been studying visual backtest and developing features at an incredible pace. I believe I see the truth of what this EA can be - something that runs on its own, is very complex, and responds to changing market conditions (holding out for higher profit targets with the market is moving fast, etc.)

This truth is I thought I was ready to manage people's money but I am not quite there yet. I think in about 3 weeks time I will have a much improved EA that will be very dynamic and capable of handling whatever the market wants to through at it. I have a couple major features on the list still to implement.

I am by no means done developing. I reluctantly started running the EA when I have not yet done the stop loss modification work I need to do, or the equity percentage calculation and trade size adjustment work I need to do. I think things are good enough to start running though so here we go…

I will update my other accounts in the near future as I reconfigure things and move my manual trading into other accounts, never to be mixed with EA trades again (unless indicated). My current (formerly) managed accounts should be seen for what they really are: records of the development of my EA in conjunction with manual trades and me battling with the role that manual trading should play in my trading overall. I think I working this issue out.

Best wishes to all my friends.
If I have not responded to those who have wrote me please know that I am so busy and so tired, I just don't have time for everything.

Wayne

I just realized I will have to put more money in this account as I am risking a ridiculous amount of equity at the minimum trade size .01 X 3 positions. this would be around 30%.

My first trade is for .03 X 3 essentially risking the account in a worse case scenario. I didn't calculate size properly in setting up the micro trading.

This issue of calculating equity risk is another feature soon to be implemented so i will not have to manually try to figure the trades sizes out.

So regardless of what happens with the first trade I will start the custom date later, once i get the equity issue worked out by trading with the minimum size and risking no more than 5% in one series of trades. 5% is the risk level i will use for this micro account. It is my target risk level for all trading.

Cheers

06.23.2011 01:01 06.23.2011 16:54 EURJPY Buy 0.01 114.03400 - 115.12400 114.03100 -109.3 -13.55 15h 53m -9.03%
06.22.2011 21:22 06.23.2011 16:53 EURJPY Buy 0.01 114.06700 115.71300 115.72300 114.07500 -164.8 -20.43 19h 31m -13.62%
06.22.2011 22:30 06.23.2011 16:52 EURJPY Buy 0.01 114.08300 115.71300 115.38300 114.08600 -129.7 -16.08 18h 22m -10.72%
🙄

Ouch, bad start 😑.

Yeah, I jumped into the micro account without calculating my risk. Too anxious and busy with too many things. I'm not use to trading my EA with micros and as I said in my previous post, once I realized my risk level was around 30% of my account per trade (making up 2-3 individual entries) I said oh crap, I guess I can't run my EA on a micro account with only 150. I let it run anyway and took a big loss.

 As I previous said, my target risk size is 5% for my combined series of trades. I also said I'm doing work on the way my EA sets stop losses. Creating a successful system is going to take longer than I ever thought, but I haven't given up. I work on something relating to my EA 7 days a week. Hopefully it will pay off some day.

Best wishes with your system, Primeval
:)

SunnyDays posted:
    
Yeah, I jumped into the micro account without calculating my risk. Too anxious and busy with too many things. I'm not use to trading my EA with micros and as I said in my previous post, once I realized my risk level was around 30% of my account per trade (making up 2-3 individual entries) I said oh crap, I guess I can't run my EA on a micro account with only 150. I let it run anyway and took a big loss.

 As I previous said, my target risk size is 5% for my combined series of trades. I also said I'm doing work on the way my EA sets stop losses. Creating a successful system is going to take longer than I ever thought, but I haven't given up. I work on something relating to my EA 7 days a week. Hopefully it will pay off some day.

Best wishes with your system, Primeval
:)

Thanks Wayne, same for you 😄.