Metamorphose (By forex_trader_23412)
The user has deleted this system.
Metamorphose Discussion
Feb 27, 2011 at 19:33
1,757 Views
15 Replies
Member Since Dec 08, 2010
140 posts
Mar 03, 2011 at 10:08
Hi,
which EA are you using and how can i get it?
Thanks
which EA are you using and how can i get it?
Thanks
Courage is not the absence of fear,but rather the judgement that something else is more important than fear
forex_trader_23412
Member Since Nov 23, 2010
31 posts
Mar 06, 2011 at 10:32
Hi Leverconsult,
The EA is MartingaleHedger. I believe you can't get this EA anywhere cos I coded it myself. 😄
This EA is good for long term passive income.
Thx & regds,
Ashlynne
The EA is MartingaleHedger. I believe you can't get this EA anywhere cos I coded it myself. 😄
This EA is good for long term passive income.
Thx & regds,
Ashlynne
Member Since Feb 16, 2010
1332 posts
Mar 06, 2011 at 10:56
57% DD
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
Member Since Jan 27, 2010
38 posts
Mar 06, 2011 at 21:41
assuming all trades open with a SL of 70 ... drawdown may not be calculated properly ...
i have an alternate hedge ea, entry may not be same ... will try to see if i can get similar results ...
2 trades max ... 1 buy ... 1 sell , hedge at 35 pip , stop loss 70 , multiplier 1 , ...
i have an alternate hedge ea, entry may not be same ... will try to see if i can get similar results ...
2 trades max ... 1 buy ... 1 sell , hedge at 35 pip , stop loss 70 , multiplier 1 , ...
forex_trader_23412
Member Since Nov 23, 2010
31 posts
Mar 07, 2011 at 15:34
In continuous trending there will be a considerable high DD. It should be very safe to start with a $3K with the settings I used here. This system was designed for long term steady profits and not to get rich fast. With a minimum of $3k initial deposit, I believe this EA would not see a margin call.
Regards,
Ashlynne
Regards,
Ashlynne
Member Since Jan 27, 2010
38 posts
Mar 07, 2011 at 17:31
I would think that you would want trending to reduce drawdown ...
forex_trader_23412
Member Since Nov 23, 2010
31 posts
Mar 07, 2011 at 17:51
Hi,
I'm under the assumption that you are referring to a regular Martingale-Hedging technique, which yo-yo during a ranging market hoping to catch a trend in the US session to break-out a profit. My EA is quite the opposite. 😄
Cheers,
Ashlynne
I'm under the assumption that you are referring to a regular Martingale-Hedging technique, which yo-yo during a ranging market hoping to catch a trend in the US session to break-out a profit. My EA is quite the opposite. 😄
Cheers,
Ashlynne
forex_trader_23412
Member Since Nov 23, 2010
31 posts
May 30, 2011 at 13:28
Hi YeeMeng,
No bugs in my EA. It's due to the increased lot size. I had increased the lot size for GbpUsd and added another 2 more pairs to trade. Didn't last for 2 weeks as that was way over leveraged. Guess I paid the price for being greedy. 😝😝😝
Regards,
Ashlynne
No bugs in my EA. It's due to the increased lot size. I had increased the lot size for GbpUsd and added another 2 more pairs to trade. Didn't last for 2 weeks as that was way over leveraged. Guess I paid the price for being greedy. 😝😝😝
Regards,
Ashlynne
forex_trader_23412
Member Since Nov 23, 2010
31 posts
Jun 08, 2011 at 14:57
I've made some modifications to the existing EA. Hedging take-profit would be more aggressive but stop-loss is maintained. Will run this EA soon. 😄
~Ashlynne~
~Ashlynne~
forex_trader_2062
Member Since Oct 24, 2009
186 posts
Jun 08, 2011 at 15:26
The purpose of the EA is to avoid human factors to interfiere. You increased lot and lost all the cash. For next EA, stick to MM and let the EA trade. If indeed it is a long term EA, why risk by increasing lot size?.
Good luck!
Good luck!
forex_trader_23412
Member Since Nov 23, 2010
31 posts
Jun 08, 2011 at 16:39
The long-term settings had been attained. Sticking to it will only accrue to my benefit. I wanted to explore beyond the comfortable zone, which would render me some insights on the extent this EA could go prior to making the necessary modifications to enhance it. Too bad I pushed it too far and lost the account. 😝 Will run the enhanced EA soon. My intent is to generate 3.5% daily profit. The previous EA was raking in 2.5% daily.
Regards,
Ashlynne
Regards,
Ashlynne
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