Tom'sEa WPFX LIVE (By TomsEaWPFXlive)
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Dec 06, 2011 at 15:11
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😄
To be honest, i have already looked into coding my system into an EA, and it is well beyond the scope of MQL4 coding. It would require a dedicated mainframe to run it. That said, i just recently started looking into setting up with Tradency, or maybe ZuluTrade, to be able to trade and have my trading able to be copied to other accounts. I don't use a scalping system, so even a several second lag in trades will not make a significant impact in the profitability. The one trade I am waiting on currently to finish the day is on the AUDUSD. I am short from 1.02096 from yesterday. I nearly took it when I saw the +130 pips earlier today, but I can't shake the feeling it has more downside to it.....plus, that is what my analysis is telling me. I may be wrong, but I'm probably not. I really wish I had been paying attention to the USDCAD earlier. Had a very clear signal that it was going to drop....but I was watching the AUDUSD and GBPUSD instead. Also had a signal to go long the EURCHF at 1.23380 but I ignored it. That one was because I just didn't want to deal with it. I should have though. Hindsight... the risk:reward on the EURCHF trade was about 1:3. Stop was a little short of 25 pips and the target would have been around 75 pips. Eh, no biggie. There are always more trades to be taken. Plus, even if I close out now, I will still be up by around +250 pips for the day. I figure the last 3 days of the week I will probably pull in another 200-500 pips. I'm not stressing over it.😀 If anyone is interested when/if I do get a signal service setup, message me and i will let you know when it is available.
To be honest, i have already looked into coding my system into an EA, and it is well beyond the scope of MQL4 coding. It would require a dedicated mainframe to run it. That said, i just recently started looking into setting up with Tradency, or maybe ZuluTrade, to be able to trade and have my trading able to be copied to other accounts. I don't use a scalping system, so even a several second lag in trades will not make a significant impact in the profitability. The one trade I am waiting on currently to finish the day is on the AUDUSD. I am short from 1.02096 from yesterday. I nearly took it when I saw the +130 pips earlier today, but I can't shake the feeling it has more downside to it.....plus, that is what my analysis is telling me. I may be wrong, but I'm probably not. I really wish I had been paying attention to the USDCAD earlier. Had a very clear signal that it was going to drop....but I was watching the AUDUSD and GBPUSD instead. Also had a signal to go long the EURCHF at 1.23380 but I ignored it. That one was because I just didn't want to deal with it. I should have though. Hindsight... the risk:reward on the EURCHF trade was about 1:3. Stop was a little short of 25 pips and the target would have been around 75 pips. Eh, no biggie. There are always more trades to be taken. Plus, even if I close out now, I will still be up by around +250 pips for the day. I figure the last 3 days of the week I will probably pull in another 200-500 pips. I'm not stressing over it.😀 If anyone is interested when/if I do get a signal service setup, message me and i will let you know when it is available.
Make losses, but always come out a winner at the end.
forex_trader_52540
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Dec 06, 2011 at 15:36
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fughe posted:
😄
To be honest, i have already looked into coding my system into an EA, and it is well beyond the scope of MQL4 coding. It would require a dedicated mainframe to run it. That said, i just recently started looking into setting up with Tradency, or maybe ZuluTrade, to be able to trade and have my trading able to be copied to other accounts. I don't use a scalping system, so even a several second lag in trades will not make a significant impact in the profitability. The one trade I am waiting on currently to finish the day is on the AUDUSD. I am short from 1.02096 from yesterday. I nearly took it when I saw the +130 pips earlier today, but I can't shake the feeling it has more downside to it.....plus, that is what my analysis is telling me. I may be wrong, but I'm probably not. I really wish I had been paying attention to the USDCAD earlier. Had a very clear signal that it was going to drop....but I was watching the AUDUSD and GBPUSD instead. Also had a signal to go long the EURCHF at 1.23380 but I ignored it. That one was because I just didn't want to deal with it. I should have though. Hindsight... the risk:reward on the EURCHF trade was about 1:3. Stop was a little short of 25 pips and the target would have been around 75 pips. Eh, no biggie. There are always more trades to be taken. Plus, even if I close out now, I will still be up by around +250 pips for the day. I figure the last 3 days of the week I will probably pull in another 200-500 pips. I'm not stressing over it.😀 If anyone is interested when/if I do get a signal service setup, message me and i will let you know when it is available.
Hi Fughe, thanks for the sharing!
because these post is under TOMs EA, shall we open a new thread under your account on this website to talk your EA. I think it will be very effective. For the new EA from you, we need understand more details about this strategy, and forwards test, before we start to use it. Tradency may be better flatform because we are just familar with it.
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Dec 06, 2011 at 15:50
(labots Dec 06, 2011 at 15:51)
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I am not selling an EA. This is just my manual trading. I am looking into setting up with a mirroring company (like Tradency.com) so that some friends of mine can have me trade their accounts. I do not want to deal with getting licensed with the NFA,etc to be a hedge fund manager, and this is an easy way to not have to deal with that.
I do have an EA that I am working on, but have come across a bit of a hang up. Working through some coding logic on it right now. I will not be selling it ever. .....well, maybe not ever....but definitely not for a long while after I finish it. EAs are way to easy for people to steal and turn around and sell as their own work. I hate that even worse than people just stealing an EA and using it. Anyway, I would need to find a way to make it nearly impossible to steal without investing a huge amount of time and money into cracking it. That is for a different topic though.
I do have an EA that I am working on, but have come across a bit of a hang up. Working through some coding logic on it right now. I will not be selling it ever. .....well, maybe not ever....but definitely not for a long while after I finish it. EAs are way to easy for people to steal and turn around and sell as their own work. I hate that even worse than people just stealing an EA and using it. Anyway, I would need to find a way to make it nearly impossible to steal without investing a huge amount of time and money into cracking it. That is for a different topic though.
Make losses, but always come out a winner at the end.
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Dec 06, 2011 at 19:52
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Hello
Tom's EA could be used on myfxbook without revealing magic numbers without any issues. Magic numbers are hidden inside the EA code and we won't be able to share this information with you
HI all, I have asked customer service for the magic numbers of Tom's EA and I have received the above reply. (Dustin?)
I wanted the magic numbers as I am now running more than one EA and want to make sure the MN are different. In addition, I have enabled custom analysis by magic numbers on myfxbook and it would appear than the EA is using 3 MN rather than one.
I wanted to make sure which is which.
Are MN normally a matter of secrecy? (I am not sure). Tom's EA MN seem to be clearly displayed in myfxbook and all other developers were very forward with theirs. Am I not getting something?
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Dec 06, 2011 at 19:56
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tradingshed posted:
Hello
Tom's EA could be used on myfxbook without revealing magic numbers without any issues. Magic numbers are hidden inside the EA code and we won't be able to share this information with you
HI all, I have asked customer service for the magic numbers of Tom's EA and I have received the above reply. (Dustin?)
I wanted the magic numbers as I am now running more than one EA and want to make sure the MN are different. In addition, I have enabled custom analysis by magic numbers on myfxbook and it would appear than the EA is using 3 MN rather than one.
I wanted to make sure which is which.
Are MN normally a matter of secrecy? (I am not sure). Tom's EA MN seem to be clearly displayed in myfxbook and all other developers were very forward with theirs. Am I not getting something?
the magic number is one of the least important things to keep secret about an EA.
Make losses, but always come out a winner at the end.
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Dec 06, 2011 at 22:29
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Fughe
I was asked by customer support if I would give out the magic numbers and I said no. I am sorry if you have an issue with that. Each pair has it's own MN and when it changes to higher time frames, as we add trades, it then changes the MN. So I would need to give you at least 18 MN's. I choose not to dig them out since I do not think it is needed. They are 4 digit numbers each. So if you stay out of the 4 digit range you will not have a problem.
I would like to ask you why you would post your complaint when you do not get what you want. But I will not ask.
Anyway, what do I know? It is my fault you are not getting the MN's. Blame me and do not blame customer support since they are doing a good job.
Thanks
Tom Flora
I was asked by customer support if I would give out the magic numbers and I said no. I am sorry if you have an issue with that. Each pair has it's own MN and when it changes to higher time frames, as we add trades, it then changes the MN. So I would need to give you at least 18 MN's. I choose not to dig them out since I do not think it is needed. They are 4 digit numbers each. So if you stay out of the 4 digit range you will not have a problem.
I would like to ask you why you would post your complaint when you do not get what you want. But I will not ask.
Anyway, what do I know? It is my fault you are not getting the MN's. Blame me and do not blame customer support since they are doing a good job.
Thanks
Tom Flora
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Dec 06, 2011 at 22:56
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Tom,
is actually not Fughe that posted or asked for the magic numbers in the first place. It is me.
I am sorry that my request upset you but I wanted to have the MN to:
- make sure they will not be the same of other EA I might get in the future.
- Use them with custom analysis in my myfxbook account. Since I have enabled MN on myfxbook, several MN have appeared and I was confused.
I do not blame anyone, but the email I have received was signed by customer service, not Tom.
I have asked forum members if secrecy on MNs is normal in the world of EAs as that has not been my experience so far, and I wanted to bring it to Dustin's attention just in case it was an error from customer service.
In any case, we all now know that the MNs are 4 digits, there are 18 of them, and what your policy is on MNs. I think this is positive as it might save you possible further requests.
is actually not Fughe that posted or asked for the magic numbers in the first place. It is me.
I am sorry that my request upset you but I wanted to have the MN to:
- make sure they will not be the same of other EA I might get in the future.
- Use them with custom analysis in my myfxbook account. Since I have enabled MN on myfxbook, several MN have appeared and I was confused.
I do not blame anyone, but the email I have received was signed by customer service, not Tom.
I have asked forum members if secrecy on MNs is normal in the world of EAs as that has not been my experience so far, and I wanted to bring it to Dustin's attention just in case it was an error from customer service.
In any case, we all now know that the MNs are 4 digits, there are 18 of them, and what your policy is on MNs. I think this is positive as it might save you possible further requests.
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Dec 07, 2011 at 02:16
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fxtradertom posted:
Fughe
I was asked by customer support if I would give out the magic numbers and I said no. I am sorry if you have an issue with that. Each pair has it's own MN and when it changes to higher time frames, as we add trades, it then changes the MN. So I would need to give you at least 18 MN's. I choose not to dig them out since I do not think it is needed. They are 4 digit numbers each. So if you stay out of the 4 digit range you will not have a problem.
I would like to ask you why you would post your complaint when you do not get what you want. But I will not ask.
Anyway, what do I know? It is my fault you are not getting the MN's. Blame me and do not blame customer support since they are doing a good job.
Thanks
Tom Flora
Well, Tradingshed already pointed out that he was the one who asked fo them. Personally, I don't care. If i want the magic numbers, I will get them. It would be easy enough to add some code to the EA and tell it to spit out the MN's for me and then run it on a demo, or backtest. To be honest, I am quite surprised they are being secretive about it. There are some people that could run into conflict issues with other EAs if they keep them hidden. Does not make sense to keep them secret. But, as I said....I don't care what they are at this time.
Make losses, but always come out a winner at the end.
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Dec 07, 2011 at 15:00
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Hey Guys, I have a quick question for everyone. What does it take to get a five star rating from each of you. I have compared this strategy to many others with five stars and this one has performed much better with less draw down. I am surprised that we are at three stars and your feedback would be greatly appreciated. If you are using our strategy with success please rate it. Thanks
Dustin
Dustin
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Dec 07, 2011 at 16:32
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Dustin:
I have ran Tom’s EA on 5 different demo accounts on FXDD / Tradency for the past month. Each account had different starting balances and pair combinations. All were very profitable. For my accounts, the range was from 9% profit to 22% profit for the four weeks.
The EA works very consistently, as you know. The key is the risk setting. Tom has been very clear about how the risk setting will determine the success or failure of the EA.
Tom's EA gets five stars from me.
Tom Y.
I have ran Tom’s EA on 5 different demo accounts on FXDD / Tradency for the past month. Each account had different starting balances and pair combinations. All were very profitable. For my accounts, the range was from 9% profit to 22% profit for the four weeks.
The EA works very consistently, as you know. The key is the risk setting. Tom has been very clear about how the risk setting will determine the success or failure of the EA.
Tom's EA gets five stars from me.
Tom Y.
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Dec 07, 2011 at 17:43
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Dustin - I have used Tom's EA on 6 small live accounts for the past month and am very satisfied with the results. I am up about 12% in total. I agree with Tom Y that the key is risk setting. I have had good service from support. Tom's EA gets 5 stars from me too.
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Dec 07, 2011 at 19:45
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This EA is a free EA I will tell you all what it is soon .
I am testing that Free EA on My VPS
I will share result . am unable publishresults
Can any one send me Myfxbook EA and DLL file .I will upload my results .we can compare results .
Once you agree with results .I will share that EA with all of you.
I am testing that Free EA on My VPS
I will share result . am unable publishresults
Can any one send me Myfxbook EA and DLL file .I will upload my results .we can compare results .
Once you agree with results .I will share that EA with all of you.
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Dec 07, 2011 at 21:22
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fughe posted:
This can also be explained by the timeframes and how the EA gathers data. The view of the higher timeframes is HIGHLY dependent upon WHEN you start the EA. Unless they have coded in a system to force the EA to track the bars from a specific reference point. This would account for the big difference between accounts.
How does that work ? Surely an x period MA on a 30 minute chart will be in the same place no matter when the EA was started ??
Assuming the number of candles required to create the MA are present and complete then I can think of several things that would make the MA different between brokers (price differences, when trading started and stopped for the weekend etc) but I can't think of anything that would cause an MA to be different based on when an EA was started.
If the EA is creating its 30 minute charts just by working back in 30 candle chunks from when it starts then possibly, but surely it would be coded to start 30 minute calculations from the :00 and :30 candles, no ?
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Dec 08, 2011 at 01:05
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GlobalProfit posted:
Hey Guys, I have a quick question for everyone. What does it take to get a five star rating from each of you. I have compared this strategy to many others with five stars and this one has performed much better with less draw down. I am surprised that we are at three stars and your feedback would be greatly appreciated. If you are using our strategy with success please rate it. Thanks
Dustin
I went ahead and gave TEA a 5 after having run a backtest over this last year, and after you having explained the system in greater detail publicly. The whole secrecy thing is always a major warning, so please avoid that in the future. Not revealing information up front is the same as secrecy.
Make losses, but always come out a winner at the end.
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Dec 08, 2011 at 01:51
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I've been running Toms EA on a real account at Think since 7 November, when I started running Toms on it the account was at $1504. I only let it trade the EURUSD on risk 1. I've now taken the opportunity of not being in any trades to turn the EA off for the Christmas period with the balance (and equity since it's flat) at $1821 after a month. The drawdowns were interesting but we'd watched it haul itself out of the mire on demo accounts so there weren't too many sweaty palm moments :)
5 stars from me, which takes the overall score up to 4.
5 stars from me, which takes the overall score up to 4.
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Dec 08, 2011 at 02:00
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chairman posted:
fughe posted:
This can also be explained by the timeframes and how the EA gathers data. The view of the higher timeframes is HIGHLY dependent upon WHEN you start the EA. Unless they have coded in a system to force the EA to track the bars from a specific reference point. This would account for the big difference between accounts.
How does that work ? Surely an x period MA on a 30 minute chart will be in the same place no matter when the EA was started ??
Assuming the number of candles required to create the MA are present and complete then I can think of several things that would make the MA different between brokers (price differences, when trading started and stopped for the weekend etc) but I can't think of anything that would cause an MA to be different based on when an EA was started.
If the EA is creating its 30 minute charts just by working back in 30 candle chunks from when it starts then possibly, but surely it would be coded to start 30 minute calculations from the :00 and :30 candles, no ?
What you said
Surely an x period MA on a 30 minute chart will be in the same place no matter when the EA was started ??is correct. When you put an MA on a chart, no matter when you add the MA to that chart, it will always display in the same place. What I am talking about is using the bars of a lower timeframe to build a higher timeframe, which is what TEA does to do it's higher timeframe calculations.
Here is how it would work. (reference: TEA is on a 1 min chart) If you add the ea to the chart at 0 gmt....the beginning of a 1hr bar will start its calculation with the 1 min bar of 0 gmt. IF TEA was added to the chart at....lets say 0:17 gmt, then the 1 hr bar calculation will start building up at 0:17 gmt. Now...that said, this can be eliminated by adding code to force the EA to start the calculations from a set reference point. I remember a statement somewhere that TEA would operate slightly different for everyone so that everyone was not opening orders at exactly the same time, etc. By NOT coding in a reference point, this would effectively cause the EA to operate slightly different for everyone, but still maintain similar results.
Make losses, but always come out a winner at the end.
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Dec 08, 2011 at 06:58
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I agree with Fughe, the secrecy aura around any requests for information is a negative.
However, Dustin has made big steps on this forum and the EA has been performing well in mine and all other accounts I have seen. 5 stars for me.
However, Dustin has made big steps on this forum and the EA has been performing well in mine and all other accounts I have seen. 5 stars for me.
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Dec 08, 2011 at 12:17
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GlobalProfit posted:
....What does it take to get a five star rating .......
Dustin
Well, I'd say aside from teh obvious, that its profitable, there would be honesty, integrity, open discussion, full disclosure of statistics, explination of methedology so that if its not performing as claimed you have an understanding as to why / or have a heads up something is wrong.......that's just a couple of things off the top of my head.
At this stage we're not quite there. For example, all the tradse are not yet disclosed.
Also, I feel unable to rate as its not profitable yet, well, on one account it sort of is and on the other its no where near it. ie; one account has had 9.6% growth but is holding 31 open trades with a -1% loss (or -31% is you assume they all hit stop loss**) and the other account has had 9.3% growth but is holding 33 open trades with a -17% loss (or -33% assuming they exit at stop loss**).
So 30+ open trades at a time when you claim Dustin that your account is 'almost flat' which I assume to mean that it has no or nearly no 'Open Trades'. How is this so? What about everyone else? How many open trades do you have. My accounts basically worked their way up to the 30 mark over 3 months and have have basically fluctuated around there.
** We know this not to be true as several of these open trades are at -4% when each individual trade should only be at -1%
Fughe, and some others, are managing the trades manually, (which is a good thing), but sort of defeats the purpose of an EA?
I can't help but think that taking purely random entry (which it seems the EA does anyway - there is no regard to trend it seems??) and then apply doubling up on the losers which is what it does then one could return a similar result maybe????
So at this point I am unable to rate as I can't see it being profitable yet.
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Dec 08, 2011 at 13:29
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I have an update for everyone. We have added the master accounts that the Tradency platform is trading with to the members area. You can see the open trades etc. on these master accounts. This will allow you to compare your current account to the master account. Keep in mind that these accounts are set to always start with one micro. Also we are working to get a forum up on the members area as well so that everyone can take part in this conversation not just those that know about myfxbook.
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Dec 08, 2011 at 13:43
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CanAm
I agree with you on honesty, disclosure and open trades. Actually, I forgot to check if the open trades were public now.
Dustin,
you did say you would do that in a previous post.
Making the Tradency account trades open is not the same. I have a Tradency demo and an EA demo and they perform very differently (in favour of the EA) I think it would be good to have the eA open trades public to compare. Why hide them?
CanAm
I cannot believe you have so many open trades? My account has been running below 5% DD since the big 12%, and that only lasted a few days.
Since the first week, my open trades negative balance has always been inferior to my banked profit.
My account has recently been running with 15 to 25 open trades and a negative balance between 2 and 5% with booked profits of nearly 20%
Maybe you are doing something wrong with the settings?
I agree with you on honesty, disclosure and open trades. Actually, I forgot to check if the open trades were public now.
Dustin,
you did say you would do that in a previous post.
Making the Tradency account trades open is not the same. I have a Tradency demo and an EA demo and they perform very differently (in favour of the EA) I think it would be good to have the eA open trades public to compare. Why hide them?
CanAm
I cannot believe you have so many open trades? My account has been running below 5% DD since the big 12%, and that only lasted a few days.
Since the first week, my open trades negative balance has always been inferior to my banked profit.
My account has recently been running with 15 to 25 open trades and a negative balance between 2 and 5% with booked profits of nearly 20%
Maybe you are doing something wrong with the settings?
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