Tom'sEa WPFX LIVE (de TomsEaWPFXlive)
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Discussion Tom'sEa WPFX LIVE
Jan 01, 2012 at 10:54
Thank you chrissav and fughe for providing your thoughts on TOMSEA. I set up a Tradency demo account with EURGBP and EURUSD pairings on risk level 1 over the past 60 days. At times the DD has been high but only for a short period and then it corrects back to lower DD levels.
I have decided stay with this trading platform and plan on setting up a $5,000 live Tradency account using the same settings as the demo account. I have tried using Tradency on some other systems and I think that is the way to go. I am willing to let the EA manage the trades and will not manually override. If we can consistently get 5-10% compounded returns per month over the 5 to 10 years everyone here will be very happy. The key success factor to trading this system, I think, is to follow the risk management rules. I would even suggest to reduce the risk even further once higher account balances are realized.
Looking forward to being around here for quite a few profitable years. I think TOMSEA show sthe potential of being a high probability trading system....that being said there is NO SURE THING IN TRADING but I'm willing to take a calculated risk.
dj
I have decided stay with this trading platform and plan on setting up a $5,000 live Tradency account using the same settings as the demo account. I have tried using Tradency on some other systems and I think that is the way to go. I am willing to let the EA manage the trades and will not manually override. If we can consistently get 5-10% compounded returns per month over the 5 to 10 years everyone here will be very happy. The key success factor to trading this system, I think, is to follow the risk management rules. I would even suggest to reduce the risk even further once higher account balances are realized.
Looking forward to being around here for quite a few profitable years. I think TOMSEA show sthe potential of being a high probability trading system....that being said there is NO SURE THING IN TRADING but I'm willing to take a calculated risk.
dj
Membre depuis Jul 15, 2010
posts 18
Jan 01, 2012 at 15:39
Hi everyone:
I have been running five separate demo accounts on Tradency for the past 8 weeks. FXDD has a 4 week demo limit, so I had to start all over again after the first month. So really, there are two separate 4-week tests. The weekly percentage equity gain or loss was based upon close of Friday balance from the previous week.
Here are the results:
Account 1: $2,500.00
Overall: RL1
EURUSD: RL1
Month 1:
Starting balance: $2,500.00
Week ending 11/11/11: up 2.2% ($2,555.51)
Week ending 11/18/11: up 5.4% ($2,693.54)
Week ending 11/25/11: down 3.7% ($2,594.82)
Week ending 12/02/11: up 8.9% ($2,826.35)
Overall for 1 month trading: Up 13%
Month 2:
Starting balance: $2,500.00
Week ending 12/9/11: up 1.8% ($2,544.87)
Week ending 12/16/11: down 1.5% ($2,506.41)
Week ending 12/23/11: up 4.2% ($2,611.49)
Week ending 12/30/11: No change ($2,610.79)
Overall for 1 month trading: Up 4.4%
Account 2: $5,000.00
Overall: RL2
EURUSD: RL1
GBPUSD: RL1
Month 1:
Starting balance: $5,000.00
Week ending 11/11/11: up 1.8% ($5,092.18)
Week ending 11/18/11: up 4.3% ($5,310.96)
Week ending 11/25/11: down 5.8% ($5,001.18)
Week ending 12/02/11: up 8.8% ($5,439.19)
Overall for 1 month trading: Up 8.8%
Month 2:
Starting balance: $5,000.00
Week ending 12/9/11: up 1.5% ($5,074.30)
Week ending 12/16/11: up .03% ($5,088.84)
Week ending 12/23/11: up 2.3% ($5,203.21)
Week ending 12/30/11: up .6% ($5,233.13)
Overall for 1 month trading: Up 4.7%
Account 3: $7,500.00
Overall: RL4
EURUSD: RL2
GBPUSD: RL2
Month 1:
Starting balance: $7,500.00
Week ending 11/11/11: up 2.1% ($7,656.41)
Week ending 11/18/11: up 5.9% ($8,104.18)
Week ending 11/25/11: down 8.2% ($7,442.86)
Week ending 12/2/11: up 12.3% ($8,358.56)
Overall for 1 month trading: Up 11.4%
Month 2:
Starting balance: $7,500.00
Week ending 12/9/11: up 2% ($7,648.61)
Week ending 12/16/11: up .04% ($7,677.90)
Week ending 12/23/11: up 3.1% ($7,914.01)
Week ending 12/30/11: up .9% ($7,983.94)
Overall for 1 month trading: Up 6.4%
Account 4: $10,000.00
Overall RL6
EURUSD: RL2
GBPUSD: RL2
EURGBP: RL1
USDCAD: RL1
Starting balance: $10,000.00
Week ending 11/11/11: up 4.3% ($10,429.63)
Week ending 11/18/11: up 10.6% ($11,531.49)
Week ending 11/25/11: down 14.9% ($9,810.91)
Week ending 12/02/11: up 24% ($12,160.89)
Overall for 1 month trading: Up 21.6%
Month 2:
Starting balance: $10,000.00
Week ending 12/9/11: up 5.6% ($10,557.32)
Week ending 12/16/11: up .01% ($10,568.44)
Week ending 12/23/11: up 5.3% ($11,125.65)
Week ending 12/30/11: up 2.9% ($11,447.63)
Overall for 1 month trading: Up 14.5%
Account 5: $30,000.00
Overall RL8
EURUSD: RL2
GBPUSD: RL2
EURGBP: RL1
USDCAD: RL1
EURJPY: RL1
AUDNZD: RL1
Month 1:
Starting balance: $30,000.00
Week ending 11/11/11: up 2.3% ($30,698.80)
Week ending 11/18/11: up 3.9% ($31,907.34)
Week ending 11/25/11: down 16.2% ($26,750.64)
Week ending 12/02/11: up 31.4% ($35,157.35)
Overall for 1 month trading: Up 17%
Month 2:
Starting balance: $30,000.00
Week ending 12/9/11: up 3.5% ($31,063.24)
Week ending 12/16/11: down 1.2% ($30,693.67)
Week ending 12/23/11: up 4.5% ($32,068.25)
Week ending 12/20/11: down 2.8% ($31,163.98)
Overall for 1 month trading: Up 3.9%
The results were positive for all accounts. All of the various pair drawdowns eventually recovered, with EUR/JPY being the exception. The continuing EUR/JPY drawdown has been a big drag on Account 5 in month 2. The results for Account 4 were stellar, although very volatile. Overall drawdown maxed out at around 15% in the week of 11/25.
The results speak for themselves. This EA is all about managing the risk level correctly and having patience through the drawdowns. Of course, it is always trickier emotionally live as opposed to demo. The test has given me the confidence to go live, which I will doing in the second week of January.
Happy New Year, everyone!!
Tom Y.
I have been running five separate demo accounts on Tradency for the past 8 weeks. FXDD has a 4 week demo limit, so I had to start all over again after the first month. So really, there are two separate 4-week tests. The weekly percentage equity gain or loss was based upon close of Friday balance from the previous week.
Here are the results:
Account 1: $2,500.00
Overall: RL1
EURUSD: RL1
Month 1:
Starting balance: $2,500.00
Week ending 11/11/11: up 2.2% ($2,555.51)
Week ending 11/18/11: up 5.4% ($2,693.54)
Week ending 11/25/11: down 3.7% ($2,594.82)
Week ending 12/02/11: up 8.9% ($2,826.35)
Overall for 1 month trading: Up 13%
Month 2:
Starting balance: $2,500.00
Week ending 12/9/11: up 1.8% ($2,544.87)
Week ending 12/16/11: down 1.5% ($2,506.41)
Week ending 12/23/11: up 4.2% ($2,611.49)
Week ending 12/30/11: No change ($2,610.79)
Overall for 1 month trading: Up 4.4%
Account 2: $5,000.00
Overall: RL2
EURUSD: RL1
GBPUSD: RL1
Month 1:
Starting balance: $5,000.00
Week ending 11/11/11: up 1.8% ($5,092.18)
Week ending 11/18/11: up 4.3% ($5,310.96)
Week ending 11/25/11: down 5.8% ($5,001.18)
Week ending 12/02/11: up 8.8% ($5,439.19)
Overall for 1 month trading: Up 8.8%
Month 2:
Starting balance: $5,000.00
Week ending 12/9/11: up 1.5% ($5,074.30)
Week ending 12/16/11: up .03% ($5,088.84)
Week ending 12/23/11: up 2.3% ($5,203.21)
Week ending 12/30/11: up .6% ($5,233.13)
Overall for 1 month trading: Up 4.7%
Account 3: $7,500.00
Overall: RL4
EURUSD: RL2
GBPUSD: RL2
Month 1:
Starting balance: $7,500.00
Week ending 11/11/11: up 2.1% ($7,656.41)
Week ending 11/18/11: up 5.9% ($8,104.18)
Week ending 11/25/11: down 8.2% ($7,442.86)
Week ending 12/2/11: up 12.3% ($8,358.56)
Overall for 1 month trading: Up 11.4%
Month 2:
Starting balance: $7,500.00
Week ending 12/9/11: up 2% ($7,648.61)
Week ending 12/16/11: up .04% ($7,677.90)
Week ending 12/23/11: up 3.1% ($7,914.01)
Week ending 12/30/11: up .9% ($7,983.94)
Overall for 1 month trading: Up 6.4%
Account 4: $10,000.00
Overall RL6
EURUSD: RL2
GBPUSD: RL2
EURGBP: RL1
USDCAD: RL1
Starting balance: $10,000.00
Week ending 11/11/11: up 4.3% ($10,429.63)
Week ending 11/18/11: up 10.6% ($11,531.49)
Week ending 11/25/11: down 14.9% ($9,810.91)
Week ending 12/02/11: up 24% ($12,160.89)
Overall for 1 month trading: Up 21.6%
Month 2:
Starting balance: $10,000.00
Week ending 12/9/11: up 5.6% ($10,557.32)
Week ending 12/16/11: up .01% ($10,568.44)
Week ending 12/23/11: up 5.3% ($11,125.65)
Week ending 12/30/11: up 2.9% ($11,447.63)
Overall for 1 month trading: Up 14.5%
Account 5: $30,000.00
Overall RL8
EURUSD: RL2
GBPUSD: RL2
EURGBP: RL1
USDCAD: RL1
EURJPY: RL1
AUDNZD: RL1
Month 1:
Starting balance: $30,000.00
Week ending 11/11/11: up 2.3% ($30,698.80)
Week ending 11/18/11: up 3.9% ($31,907.34)
Week ending 11/25/11: down 16.2% ($26,750.64)
Week ending 12/02/11: up 31.4% ($35,157.35)
Overall for 1 month trading: Up 17%
Month 2:
Starting balance: $30,000.00
Week ending 12/9/11: up 3.5% ($31,063.24)
Week ending 12/16/11: down 1.2% ($30,693.67)
Week ending 12/23/11: up 4.5% ($32,068.25)
Week ending 12/20/11: down 2.8% ($31,163.98)
Overall for 1 month trading: Up 3.9%
The results were positive for all accounts. All of the various pair drawdowns eventually recovered, with EUR/JPY being the exception. The continuing EUR/JPY drawdown has been a big drag on Account 5 in month 2. The results for Account 4 were stellar, although very volatile. Overall drawdown maxed out at around 15% in the week of 11/25.
The results speak for themselves. This EA is all about managing the risk level correctly and having patience through the drawdowns. Of course, it is always trickier emotionally live as opposed to demo. The test has given me the confidence to go live, which I will doing in the second week of January.
Happy New Year, everyone!!
Tom Y.
Membre depuis Jul 15, 2010
posts 18
Jan 01, 2012 at 23:20
Crane:
1) The Tradency advantages that I can see, and please correct me MT4 EA users if I am wrong:
a) No need to leave computer on 24 hrs a day (assuming that one is not using a server).
b) If one is using MT4 with a server, there is sometimes a charge for that server.
c) Servers can sometimes be unreliable, although that is usually not an issue.
d) There have been a number of bug issues which have been discussed re the MT4-based EA. Whether these were actual bugs or user-related setup issues has also been discussed.
Regarding disadvantages, I would prefer to see a MT4-based platform. I am just used to it. The Tradency platform takes some getting used to.
2) Do you need to pay additional commission for Tradency platform?
a) No.
3) Risk settings:
The percentage settings, which translate to risk settings, for the Tradency account are listed on the User website. They are fairly self-explanatory.
Hope that helps.
Tom Y.
1) The Tradency advantages that I can see, and please correct me MT4 EA users if I am wrong:
a) No need to leave computer on 24 hrs a day (assuming that one is not using a server).
b) If one is using MT4 with a server, there is sometimes a charge for that server.
c) Servers can sometimes be unreliable, although that is usually not an issue.
d) There have been a number of bug issues which have been discussed re the MT4-based EA. Whether these were actual bugs or user-related setup issues has also been discussed.
Regarding disadvantages, I would prefer to see a MT4-based platform. I am just used to it. The Tradency platform takes some getting used to.
2) Do you need to pay additional commission for Tradency platform?
a) No.
3) Risk settings:
The percentage settings, which translate to risk settings, for the Tradency account are listed on the User website. They are fairly self-explanatory.
Hope that helps.
Tom Y.
Membre depuis Jul 15, 2010
posts 18
Jan 02, 2012 at 16:38
Thanks, crane. I missed that commission issue, which of course makes sense. Tradency is a business and has to make a living somehow. Can you direct me to the link which discusses the one pip commission?
Jan 02, 2012 at 17:40
tyoung6608 posted:
Thanks, crane. I missed that commission issue, which of course makes sense. Tradency is a business and has to make a living somehow. Can you direct me to the link which discusses the one pip commission?
That is how they make money and pay their traders.
Make losses, but always come out a winner at the end.
Jan 03, 2012 at 04:40
Speaking of commission.
The other thing with the trades staying open for extended periods is that the 'cost' of the trade means that it will most likely never break even.
Over three accounts whilst they have shown overall profits the open trade value on each account is equal to or more than the closed trade profit, so, I have two accounts that are essentially about break even atm and one account, the longest running, that the open trade (loss) is 1.5 times the closed trade (profit). In addition the cost (Swap) is -4% as some of the trades have been open for nearly three months.
Just another thing to keep in mind.
The other thing with the trades staying open for extended periods is that the 'cost' of the trade means that it will most likely never break even.
Over three accounts whilst they have shown overall profits the open trade value on each account is equal to or more than the closed trade profit, so, I have two accounts that are essentially about break even atm and one account, the longest running, that the open trade (loss) is 1.5 times the closed trade (profit). In addition the cost (Swap) is -4% as some of the trades have been open for nearly three months.
Just another thing to keep in mind.
Membre depuis Oct 05, 2011
posts 60
Jan 03, 2012 at 13:00
CanAm posted:
Over three accounts whilst they have shown overall profits the open trade value on each account is equal to or more than the closed trade profit, so, I have two accounts that are essentially about break even atm and one account, the longest running, that the open trade (loss) is 1.5 times the closed trade (profit). In addition the cost (Swap) is -4% as some of the trades have been open for nearly three months.
Just another thing to keep in mind.
CanAm, there is something wrong with your trades. Either at some point the EA stopped working for a few hours or days and it has yet to catch up or their is some other problem. There is no reason that you should be anywhere near breakeven or at a loss if you have been using TomsEa for several months. If the accounts are only a few weeks old then yes that could happen and you should not worry about it but you should not be anywhere near breakeven on accounts that have been open for any length of time. There are three accounts being tracked on myfxbook. One is this account, one is trading all pairs with hedging and one is trading all pairs without hedging and all are well into profit.
Jan 03, 2012 at 15:24
GlobalProfit posted:
There are three accounts being tracked on myfxbook. One is this account, one is trading all pairs with hedging and one is trading all pairs without hedging and all are well into profit.
Hiya GP
Well, yes, they would all (I imagine) show profit as do my accounts as they only show closed trade values.
So does my three accounts - all setup the same with hedging, 1% risk, all pairs.
But of course its the 'Open Trades' that are the issue - these don't get reflected in the results until they become closed - but (if my understanding is correct) they will most likely never close IF the market has cruised off in the other direction, unless they get to 600 pips and thats only the first (and smallest) lot size, so if it really does keep going that direction in theory you'd have a 1% loss on the first trade and anything from 1-26% (in my case) as the subsequent trades close out. If (not in my case) it has piled in the maximum 19 times (I believe that's the figure?) that is account bye bye (in my case its 8 @ 116% just over Aud/Nzd on the longest running account)
GlobalProfit posted:
Either at some point the EA stopped working for a few hours..........
Ouch, a few hours....even in the land of VPS its not unusual to lose contact for a couple of hours. And yes, something along these lines did happen. I didn't catch it striaght away as another indicator had text written in the top left - it woudl be nice if programmers gave an option on where (or indeed if) to place data in the window :)
Current (longest running account) is +14.54% Closed Trades versus -20.35% Open Trades
Having said that I'm still following it with interest. Its not exactly money I can afford to lose, but at this point I am considering that its all part of an educational cost - so far its cheaper than all the 'Guru's' who haven't delivered.
Membre depuis Oct 05, 2011
posts 60
Jan 03, 2012 at 15:42
Regarding being in profit based on the balance. You mention that the balance would show in profit but I am referring to the equity. Balance means nothing to me as its not a true depiction of performance. If you look at the myfxbook chart the upper line shows the balance and the lower line shows the equity. Equity includes all open trades and this is shared. So when the equity line is above the initial deposit than the overall result is a profit. In the case of our accounts its a substantial profit. Although it is always lower than balance it is always growing.
You mentioned that the ea stopped working on your account confirming my suspicion. I just ask that you be careful what you say in public because without that piece of information it sounds like our EA is not doing well when the reality is it is doing very well and in your case there was a connection issue that has nothing to do with our ea and we can not control that. That is why we added the Tradency option. This gets rid of that all together.
If you have issues with connectivity I would recommend the Mirror trader.
Dustin
P.S. I hope everyone had a great Christmas and New Years!!
You mentioned that the ea stopped working on your account confirming my suspicion. I just ask that you be careful what you say in public because without that piece of information it sounds like our EA is not doing well when the reality is it is doing very well and in your case there was a connection issue that has nothing to do with our ea and we can not control that. That is why we added the Tradency option. This gets rid of that all together.
If you have issues with connectivity I would recommend the Mirror trader.
Dustin
P.S. I hope everyone had a great Christmas and New Years!!
Jan 03, 2012 at 17:12
Hi Fughe
Yes, the 'Swap' is adding up to be a real cost due to the length of the open trades.
Regarding VPS - having tried a few (none of which you mention though likely to be same/similar) they all shut down at various times or reboot or maintenance or blackouts or whatever you want to call it.
I think VPS with EA's is a must but ONLY as a backup to your real PC/Connection - not to be relied upon.
They are essentially a UPS just not in your own trading room.
Yes, I did realise after I hit send that that was probably what you were referring to. Mind you - comparing your's to mine is substantially different.
Not being picky, but, that is only at face/current value - lets not forget the potential loss - not picking an arguement, just reiterating what everyone else has also pointed out :)
Granted, and congratulations. Hence the reason why I am sticking it out in the hope that it can recover after an initial hiccup.
Lets also not forget by your own admission on the original sales page you 'played with the settings' to give it a quick boost of profits .
Since then I believe it has been left to its own devices so bravo - here's hoping it all hangs in there.
Your sales are closed so our comments here won't effect your pocket in any way.
Its just keeping everyone aware of limitations as well as the good points.
Keep smiling.
Having said that I'm not 100% sure that the result woudl be different as of course it was selling heavily into a strong uptrend.
I can't compare 'what might have been' as as discussed elsewhere it is impossible to backtest & also the disclosed account hasn't traded that pair.
Having said that, other pairs (where I have had no connection issues) are still holding trades back to November whereas the OT here only go back as far as mid-December.
There have been a couple of comments where this account (before OT was disclosed) was 'flat' and yet I (and others I am led to believe) have generally run 20-30 OT at all times.
Wishing everyone a pip filled 2012 and beyond - I know mine will be........Onward & Upward...............
Yes, the 'Swap' is adding up to be a real cost due to the length of the open trades.
Regarding VPS - having tried a few (none of which you mention though likely to be same/similar) they all shut down at various times or reboot or maintenance or blackouts or whatever you want to call it.
I think VPS with EA's is a must but ONLY as a backup to your real PC/Connection - not to be relied upon.
They are essentially a UPS just not in your own trading room.
GlobalProfit posted:
.......but I am referring to the equity.
Yes, I did realise after I hit send that that was probably what you were referring to. Mind you - comparing your's to mine is substantially different.
GlobalProfit posted:
So when the equity line is above the initial deposit than the overall result is a profit. In the case of our accounts its a substantial profit.
Not being picky, but, that is only at face/current value - lets not forget the potential loss - not picking an arguement, just reiterating what everyone else has also pointed out :)
GlobalProfit posted:
In the case of our accounts its a substantial profit.
Granted, and congratulations. Hence the reason why I am sticking it out in the hope that it can recover after an initial hiccup.
Lets also not forget by your own admission on the original sales page you 'played with the settings' to give it a quick boost of profits .
Since then I believe it has been left to its own devices so bravo - here's hoping it all hangs in there.
Regardless. For a brief interuption (which obviously happened at the worste possible time as Murphy's Law predicts) I was hoping that it would recover 'better', though, it seems that a 'holding loss' seems to be fairly consistent at the 4-5%. That may just be a reflection of market conditions? Time will tell as of course 3 months is not a true sample size yet.
GlobalProfit posted:
You mentioned that the ea stopped working on your account confirming my suspicion.
Settle grettle, its a forum, an open place of discussion, which thankfully you are a part of buts lets not start threatening slander etc.
GlobalProfit posted:
I just ask that you be careful what you say in public
Your sales are closed so our comments here won't effect your pocket in any way.
Its just keeping everyone aware of limitations as well as the good points.
Keep smiling.
Not strictly true. There was one small connection issue, for a short period of time, so yes, one can see why that particular group of trades is having a detrimental effect in my case.
GlobalProfit posted:
..........and in your case there was a connection issue that has nothing to do with our ea and we can not control that.
Having said that I'm not 100% sure that the result woudl be different as of course it was selling heavily into a strong uptrend.
I can't compare 'what might have been' as as discussed elsewhere it is impossible to backtest & also the disclosed account hasn't traded that pair.
Having said that, other pairs (where I have had no connection issues) are still holding trades back to November whereas the OT here only go back as far as mid-December.
There have been a couple of comments where this account (before OT was disclosed) was 'flat' and yet I (and others I am led to believe) have generally run 20-30 OT at all times.
Thank you for the option, but no, I don't have any issues other than one hiccup back in the beginning.
GlobalProfit posted:
If you have issues with connectivity I would recommend the Mirror trader.
Ditto!!!
GlobalProfit posted:
P.S. I hope everyone had a great Christmas and New Years!!
Wishing everyone a pip filled 2012 and beyond - I know mine will be........Onward & Upward...............
Jan 03, 2012 at 17:19
@CanAm---you must be using some really crappy VPS providers. I highly recommend looking into one of the VPSs I mentioned. The only times mine ever go down for maintenance is on the weekends, and I always get at least one notification before they shut down. The ONLY time my VPS has ever went down during the week was due to something I was doing that required a reboot. Second major point you appear to not be aware of, a VPS should always have a much lower latency to the order sever than any home PC. The best speed I get to my order servers is generally 70ms. From my VPS, the latency is never more than 3-4ms. Anyway.....my point is, if you are experiencing that bad of performance, you probably have gotten on with a bad VPS provider. May be worth looking at some other options.
Make losses, but always come out a winner at the end.
forex_trader_13385
Membre depuis Jun 10, 2010
posts 48
Jan 04, 2012 at 02:31
Hi Dustin, firstly thanks for your feedback on this forum & great to have your interaction here. I ran Tom's over holidays on risk 1 just on eu & gu perfectly ok. I wanted to know are you guys back to normal with risk & pairs as of Jan 9th?
Membre depuis Oct 05, 2011
posts 60
Jan 04, 2012 at 13:06
littlemax posted:
Hi Dustin, firstly thanks for your feedback on this forum & great to have your interaction here. I ran Tom's over holidays on risk 1 just on eu & gu perfectly ok. I wanted to know are you guys back to normal with risk & pairs as of Jan 9th?
Jan 9th is plenty of time into the new year to assume things will be back to the normal level of risk. That about when I will kick things back off again on all my accounts.
Membre depuis May 04, 2011
posts 14
Jan 05, 2012 at 10:26
My DD on the EURJPY is huge at the moment. Anyone else experiencing this? Only a demo account but all the other pairs are sweet. The EURJPY is about 20X bigger so I was wondering if something went wrong or is it just caught in the downtrend? Any one seeing similar?
My live accounts were closed over the holiday but kept this running...any ideas?
FX
My live accounts were closed over the holiday but kept this running...any ideas?
FX
