PowerFlow EA (3rd acc) (By Forex21)
The user has made his system private.
PowerFlow EA (3rd acc) Discussion
Aug 12, 2014 at 07:32
Detailed information about this Expert Advisor can be viewed on our website: https://www.forex21.com/powerflow-forex-expert-advisor
Aug 12, 2014 at 08:47
Aug 26, 2014 at 15:02
500% is never achievable from those stats. you deposited your account more than once so you must count only the absolute gain with is 178%. which is not something exeptional for all that period of trading. so dont try to impress with wrong stats. FOR THOSE WHO REDEPOSIT THEIR ACCOUNTS ONLY THE ABSOLUTE GAIN MATTERS...END. although you have a winning system with low DD at an affortable price, but it will never give 500% for a year dont fool newbies.
Aug 27, 2014 at 09:01
Hi Alexander,
From looking at the trade history, TP of 60 pips and spacing of 30 pips is very Envy like basket building tech. Also see baskets being built on both Buy and Sell side. Correct?
What is the investment gearing (min investment required to support a maxed out basket) related to leverage, number of pairs traded and starting lot size?
Does the EA support compounding / increasing the lot size as the balance grows? If so does an increased balance only effect the lot size of the level 1 trade or does it allow larger lot sizes of new trades added to already built baskets?
How does the Hedging work? At what level of basket growth does it kick in? It is automatic to open and close hedge or manual like Envy is how doing?
What happens when a basket is maxed out?
Can each pair be assigned a set % of the balance such that if one pair maxes out a basket and dies, it will not MC the entire account?
Will you post the manual?
Regards,
Phil
From looking at the trade history, TP of 60 pips and spacing of 30 pips is very Envy like basket building tech. Also see baskets being built on both Buy and Sell side. Correct?
What is the investment gearing (min investment required to support a maxed out basket) related to leverage, number of pairs traded and starting lot size?
Does the EA support compounding / increasing the lot size as the balance grows? If so does an increased balance only effect the lot size of the level 1 trade or does it allow larger lot sizes of new trades added to already built baskets?
How does the Hedging work? At what level of basket growth does it kick in? It is automatic to open and close hedge or manual like Envy is how doing?
What happens when a basket is maxed out?
Can each pair be assigned a set % of the balance such that if one pair maxes out a basket and dies, it will not MC the entire account?
Will you post the manual?
Regards,
Phil
Aug 27, 2014 at 09:42
(edited Aug 27, 2014 at 09:43)
Hello FxPhil, thank you for your interest. To your questions:
TP levels are fixed values but can be different for every level. Spacing between levels depends on the market conditions. As example: The EA will open a new buy position when the price is oversold. We found that it helps to keep draw downs low and helps to archive a smooth equity curve.
It depends very much of the start lots and the maximum number of levels. With small start lots, 75-100$ per currency pair/instance is enough.
No, the actual version does not support compounding.
Hedging values can be set to different values for each level. Also the start level is adjustable. When the hedge feature is enabled (optional), hedge positions will be automatically placed by the EA.
If a SL is set for the last level the basket will be closed by SL. If no SL value is set the basket will be kept open until the user closes the basket manually or in the worst case the basket will be closed by the broker. (Margin Call)
It's not supported by the settings but it is something what can be done manually.
No, sorry. The manual includes very detailed description about all parameters and how all functions and features work together. To make sure (or at least decrease the chance) that another developer reverse engineer the system, the manual is only available for clients.
Regards, Alex
FxPhil posted:
From looking at the trade history, TP of 60 pips and spacing of 30 pips is very Envy like basket building tech. Also see baskets being built on both Buy and Sell side. Correct?
TP levels are fixed values but can be different for every level. Spacing between levels depends on the market conditions. As example: The EA will open a new buy position when the price is oversold. We found that it helps to keep draw downs low and helps to archive a smooth equity curve.
FxPhil posted:
What is the investment gearing (min investment required to support a maxed out basket) related to leverage, number of pairs traded and starting lot size?
It depends very much of the start lots and the maximum number of levels. With small start lots, 75-100$ per currency pair/instance is enough.
FxPhil posted:
Does the EA support compounding / increasing the lot size as the balance grows? If so does an increased balance only effect the lot size of the level 1 trade or does it allow larger lot sizes of new trades added to already built baskets?
No, the actual version does not support compounding.
FxPhil posted:
How does the Hedging work? At what level of basket growth does it kick in? It is automatic to open and close hedge or manual like Envy is how doing?
Hedging values can be set to different values for each level. Also the start level is adjustable. When the hedge feature is enabled (optional), hedge positions will be automatically placed by the EA.
FxPhil posted:
What happens when a basket is maxed out?
If a SL is set for the last level the basket will be closed by SL. If no SL value is set the basket will be kept open until the user closes the basket manually or in the worst case the basket will be closed by the broker. (Margin Call)
FxPhil posted:
Can each pair be assigned a set % of the balance such that if one pair maxes out a basket and dies, it will not MC the entire account?
It's not supported by the settings but it is something what can be done manually.
FxPhil posted:
Will you post the manual?
No, sorry. The manual includes very detailed description about all parameters and how all functions and features work together. To make sure (or at least decrease the chance) that another developer reverse engineer the system, the manual is only available for clients.
Regards, Alex
Aug 27, 2014 at 09:44
George_W posted:
Very interesting Expert Advisor! If I place my order right now, how long will it take until I receive it?
George
Hello George, you will receive the e-mail with the download links within minutes after your order is processed.
Regards, Alexander
Aug 28, 2014 at 06:24
Hi Alex,
Thanks for the reply and answers.
Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?
Is there an option to use SLs when a trade is opened?
For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?
Regards,
Phil
Thanks for the reply and answers.
Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?
Is there an option to use SLs when a trade is opened?
For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?
Regards,
Phil
Aug 28, 2014 at 06:24
Hi Alex,
Based on the initial deposit of $10,000, there was a 63% DD event as per the attached MyFxBook data. Sure when the DD occurred, the balance was above $10,000. Point being if a new account was opened a week before that event, the account would have had a 63% or worst DD.
As MyFxBook doesn't get the tick by tick real DD, as our broker does, the DD could have been a lot worse.
Based on the initial deposit of $10,000, there was a 63% DD event as per the attached MyFxBook data. Sure when the DD occurred, the balance was above $10,000. Point being if a new account was opened a week before that event, the account would have had a 63% or worst DD.
As MyFxBook doesn't get the tick by tick real DD, as our broker does, the DD could have been a lot worse.
Attachments:
Aug 28, 2014 at 14:42
FxPhil posted:
Hi Alex,
Thanks for the reply and answers.
Once a Hedge is opened by the EA, what happens next? Does the EA manage the Hedge & basket close? If so how?
Is there an option to use SLs when a trade is opened?
For GBPUSD, start lot size 0.01, levels 15, spacing 30 pips & leverage 500 what would be the total DD (Open + Floating Margin in use)?
Regards,
Phil
Hello Phil, I replied here: https://www.myfxbook.com/community/trading-systems/powerflow-ea-2nd-acc-wwwforex21com/808725,1
Member Since Feb 22, 2012
7 posts
Aug 28, 2014 at 15:02
Hi Alex,
what is the minimum account balance with can start to run the PoweFlow EA?
thanks
MrM
what is the minimum account balance with can start to run the PoweFlow EA?
thanks
MrM
Sep 04, 2014 at 08:28
Forex21 posted:MrMillionaire posted:
Hi Alex,
what is the minimum account balance with can start to run the PoweFlow EA?
thanks
MrM
It's about 200 USD.
Best Regards, Alexander
Update: Please note that the minimum balance is higher if you use a standard account.
Member Since Apr 20, 2010
814 posts
Sep 07, 2014 at 04:42
Is there Take Loss Setting? I notice that is just pure Martingale.
I notice that your system strategy on AUDNZD is :
Leverage fix lot on first 3 level of 20 pips.
Then Martingale power 1.6 on next 1 level of 20 pips.
Then Martingale power 1.6 on next 3 level of 30 pips.
Then Martingale power 1.6 on next 2 level of 40 pips.
Then Martingale power 2.0 on next 1 level of 40 pips.
Then Martingale power 1.3 on next 1 level of 30 pips.
Then Martingale power 2.0 on next 1 level of 30 pips.
Then Martingale power 1.0 on next 1 level of 30 pips.
Then Martingale power 0.8 on next 1 level of 20 pips.
-- So far is the max data observe on strategy.
Logic is about withstand 350 pip of drawdown, and BackTest show of withstand 385 pip as variation getting quote open.
So if you are Bad Luck facing with 385 pip of draw down getting in and start with 0.01 Lot at start.
You will have a draw down of $2271.67 when you at the point to open the last level power 0.8 martingale.
And strategy show that after open 14 level of trade, will close with loss.
Martingale can run with $200, but is not safe.
To prove that, you can add the Basket control on EA to cut all trade when draw down is more than 200.
Run the Back Test, sure the equity curve will died as not enough money to withstand draw down and money to counter back.
I notice that your system strategy on AUDNZD is :
Leverage fix lot on first 3 level of 20 pips.
Then Martingale power 1.6 on next 1 level of 20 pips.
Then Martingale power 1.6 on next 3 level of 30 pips.
Then Martingale power 1.6 on next 2 level of 40 pips.
Then Martingale power 2.0 on next 1 level of 40 pips.
Then Martingale power 1.3 on next 1 level of 30 pips.
Then Martingale power 2.0 on next 1 level of 30 pips.
Then Martingale power 1.0 on next 1 level of 30 pips.
Then Martingale power 0.8 on next 1 level of 20 pips.
-- So far is the max data observe on strategy.
Logic is about withstand 350 pip of drawdown, and BackTest show of withstand 385 pip as variation getting quote open.
So if you are Bad Luck facing with 385 pip of draw down getting in and start with 0.01 Lot at start.
You will have a draw down of $2271.67 when you at the point to open the last level power 0.8 martingale.
And strategy show that after open 14 level of trade, will close with loss.
Martingale can run with $200, but is not safe.
To prove that, you can add the Basket control on EA to cut all trade when draw down is more than 200.
Run the Back Test, sure the equity curve will died as not enough money to withstand draw down and money to counter back.
Attachments:
Information is Gold when come to organised.
Sep 08, 2014 at 07:19
Hello DoubleTrap,
per definition 'pure Martingale' means that you double your lots with each level.
Also, please keep in mind that PowerFlow does not use a fixed distance between orders. Therefore it can withstand sharp directional moves without running in troubles.
Yes, it is possible to limit the max number of levels and use SL as well.
per definition 'pure Martingale' means that you double your lots with each level.
Also, please keep in mind that PowerFlow does not use a fixed distance between orders. Therefore it can withstand sharp directional moves without running in troubles.
ForexSeeker posted:
Is there Take Loss Setting?
Yes, it is possible to limit the max number of levels and use SL as well.
Member Since Apr 20, 2010
814 posts
Sep 08, 2014 at 08:24
To withstand sharp draw down you need is a Big Account.
As I only use 0.01 lot already require 2k over to counter big trend of down times.
Your account is open with 0.12 that mean you need over 20k-30k just to open trade and not much margin to withstand further draw down.
Your balance Account only around 23k.
And you trading 4 pair together.
Conclusion : You are taking great Risk to accumulate the Profit and give it a Blow in matter of time.
Unless your Martingale can gain >100% per month, the risk to use small account to play Martingale is TOO HIGH.
Martingale is great tool to use as is pure Mathematics you can calculate the out come of DrawDown and manage your risk easily.
Sure you run back test rite ? What is your minimum Balance require to survival Each year separately start from 2008-2013?
I'm sure you need at lease 50k-100k even you start with minimum lot 0.01 without increasing lot factor.
And even 100k you will still get Margin Call if just pure Martingale without counter Martingale.
As I only use 0.01 lot already require 2k over to counter big trend of down times.
Your account is open with 0.12 that mean you need over 20k-30k just to open trade and not much margin to withstand further draw down.
Your balance Account only around 23k.
And you trading 4 pair together.
Conclusion : You are taking great Risk to accumulate the Profit and give it a Blow in matter of time.
Unless your Martingale can gain >100% per month, the risk to use small account to play Martingale is TOO HIGH.
Martingale is great tool to use as is pure Mathematics you can calculate the out come of DrawDown and manage your risk easily.
Sure you run back test rite ? What is your minimum Balance require to survival Each year separately start from 2008-2013?
I'm sure you need at lease 50k-100k even you start with minimum lot 0.01 without increasing lot factor.
And even 100k you will still get Margin Call if just pure Martingale without counter Martingale.
Information is Gold when come to organised.
