FX VIPER EA Diskusia

This is unreal :) Im ready to buy it haha

strange,why now myfxbook show maxDD is 50%?i remember some hours ago before you withdrawals the maxdd is less than 10%.
so the opening orders make a big DD?Can you explain it?it's calculate the withdrawals into Maxdd?

goode posted:

RedRhinoLab posted:
Slippage Report for trades with Trailing Stoploss

Buy Orders 251 with 111 pips of negative slippage
Sell Orders 195 with 91 pips of negative slippage.

Broker says Stoplosses that are submitted to broker server is just a trigger to send order close to ECN.
ECN price moves between this latency time. Why do I never experience positive slippage, broker doesn't respond. They recommend to use cTrader. Any broker with positive slippage?

how to statistics?i use your SCRIPT https://redrhinofx.com/measure-slippage-mq4-mt4/
run it at my lmax mt4 and get result below (about 700 orders,not use vps so has high ping time)

Script measures,
Buy Close Price vs Stoploss Value. If you place Buy order and move the stoploss to LOCK in profit with stoploss ( example 5 pips in profit) and if the close price is less than the stoploss value, your broker gave you negative slippage ( we lose profit ).

The script will scan your entire History and find all trades at profit, then look for trades with a stoploss, then compare the close price to the stoploss value to determine the real slippage.

@xfactornos Thank you! Not for sale yet. I don't know when it can be available. It is not easy for setup and still needs more testing. I am very excited at the results and each version I complete the results get better.

I will offer 5 traders to beta test at Tradersway once I am complete. PM me for details.

I made a $500 withdrawal while positions still floating which just increased the open DD to 10%. It looked perfect at 5%. 😉

goode posted:
strange,why now myfxbook show maxDD is 50%?i remember some hours ago before you withdrawals the maxdd is less than 10%.
so the opening orders make a big DD?Can you explain it?it's calculate the withdrawals into Maxdd?

myfxbook correct. Measure between Account balance vs Account Equity. You can see better on balance graph below

dd from open orders from two days ago while i was testing MM module. I needed more orders to open to verify professional money management feature was working correctly.

I closed all positions manually before NFP news. Working on improvements now as discussed earlier. Have a good weekend.

so at that time balance is 1.127k and floating 50%?
really mini grid,but the performance is great.

Wow! Definitely worth watching 😄

What do you actually do Rhino...? do you like analyse traders and EAs then reverse engineer them? It is impressive as far as an EA mimicking a professional trader. I will give you that

Frank... The clearest biggest difference between your EA and the 'original Viper trader', is the number of open orders... yours grids like crazy, indefinitely!... I suppose that's because it is still in test mode, risking a lot and with no control over DD, right?

Exactly, since I can only forward test I have to just bare with the market and adjust as I go. I happen to be working on the money management module at the worst time possible with eurusd just sinking lower and lower. The design is anti martingale but I want to add feature with lot increments and reduction methods to the list.

Last week the anti martingale works as how Viper trades, decrease lotsize as you have more open. This week, I am working on the opposite and of course my balance is way too small for proper use. Magic number 3 were v11 with the martingale and Magic number 4 were v12 where I'm making adjustments to the logic.

My initial deposit has been recovered and working on the accumulation of profits. I will welcome another round of beta traders through TradersWay IB ( 5 more clients ). The Beta stage will last for a few months and while doing so I want to raise your equity to higher levels for the next stage.

You can become a beta tester by opening NEW MT4.ECN account under IB Link. IB Rebates pay for required VPS in UK Data Center. Your account will be managed independently by RedRhinoFX through Trader’s Password. We setup everything for you and you can watch/trade/intervene with 100% full control of your account. FX Viper EA is a sophisticated Tick Scalper that requires low latency to Broker’s Server, custom indicators, enhanced Libraries , and frequent adjustments best left to the developer at this time. To ensure success and much profits for you, RedRhinoFX only requires you to open a new trading account at Traderway MT4.ECN. Minimum investment (trading capital) is $1000 USD and maximum $10000 during the beta stage. Limited to the first 5 client accounts under IB LINK. https://redrhinofx.com/3su0

To be clear, I plan to raise this small account into the 10k range and start a MAM/PAMM at a different ECN broker that has positive slippage. I am still looking for the best liquidity and broker infrastructure for this selection as I don't want to jump around from broker to broker.

The Beta Stage are for all nationals, but the MAM will be limited to NON US citizens as most brokers do not accept them. I am sorry for these laws and I will offer a signal service for US participates.

Tradersway accepts all clients regardless of citizenship. US citizens have had a difficult time with the regulations in the forex industry over the years. This broker 'TradersWay' is the only high leverage brokerage that offers the cTrader platform and because of this platform( ctrader) I can only TRUST those who offer it as an alternative to MT4 ripoffware.

i am interested in this.. do i just need to open a live account at traderway, following your link, and pass the info to you?

sent my info via messages..

FX Viper EA Update:

I've improved the system today by adding a better trend detection system but I haven't addressed the margincall prevention yet.
I am working on the final step to identify the reversal points to hedge and switch direction immediately and not trade directionally like the original fx viper trader. Once I have a working solution to pin point the reversals I can begin working on suitable money management lotsizing and address margin call prevention. I'll begin working on the logic for the trend reversals in tomorrow London session as I've manually traded the logic today with good results. I would expect to have a much more robust system within the next week.

Best regards,

Frank
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I margincalled this account 2 times in the last 24 hours and with determination with FX viper EA help brought the account into profit from my last margincall. I removed the 2 BTC deposit(recovery) from 2nd margincall and now at small profit.

Historically I am still at loss of over $1000 with hope to recover within a few weeks with version19.