Tom'sEa WPFX LIVE (Theo TomsEaWPFXlive)
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Tom'sEa WPFX LIVEThảo luận
Tham gia từ Apr 28, 2010
93bài viết
Feb 02, 2012 at 00:08
paulrozza posted:
Unfortunately, EA's are supposed to be left to run 100% of the time and do well in trends and tend to fail if trends continue on and on. This is why risk factor is vitally important - but again, nothing can be done if a trend continues on for 2000pips.
Now you are STARTING to get it
Markets are usually ranging, so this EA will USUALLY work...Markets ALWAYS stop ranging sooner or later
Good luck
forex_trader_13385
Tham gia từ Jun 10, 2010
48bài viết
Feb 02, 2012 at 01:00
my eurusd basket (8 level) closed with loss $-131.51. at 08:57 today. Littlemax, paulrozza. are you guys using tradency? I am wondering it may not a good idea for everyone to take same trade at same time from same broker, which may increase slippage and chance to be manipulated. I also noted wpfxlive from myfxbook become track records NOT verifiefd.
drsong123 posted:
I still believe tom's ea is good ea and play valuable roles in my trading, but require different mentality and manage skills from those when we are trend trading.
ss
My account (live) is not with tradency, running it myself on MT4
forex_trader_13385
Tham gia từ Jun 10, 2010
48bài viết
Feb 02, 2012 at 02:35
Some sums on my first 0.03 lot 600 pip SL on gu - it represents 8.33% loss of overall profit so far or 1.26% of the current account balance. Loss of $168, ea has made $40 of this back since time of loss.
Tham gia từ Apr 22, 2011
42bài viết
Feb 02, 2012 at 03:41
(đã sửa Feb 02, 2012 at 03:42)
Hello everyone....
First of all.... Sorry for those that have experienced excessive DD or even a margin call. As an observation from keeping up to date with this thread and running TEA myself live since November, those who are having issues are those with very small accounts.
Now I understand that not everyone can afford a 10K USD starting balance, however I'm sorry to say, but this is really the minimum one should start with.
I started with a 10K account and ran the same pairs and risk settings as Toms live account. Once my account was up 30%, I withdrew all the funds, changed brokers and significantly increased my account size. I am still running RL2 on the EUR, GBP and CAD.... however I have dropped the EUR/GBP as it was under performing and not worth the risk IMHO.
My current DD (open trades) is about 12% and Toms live account is at 14% (makes sense since I dropped the EUR/GBP).
So maybe (just a thought) try and save up for a bigger account size before trading with TEA, or drop all the pairs but the Euro and change to RL1
First of all.... Sorry for those that have experienced excessive DD or even a margin call. As an observation from keeping up to date with this thread and running TEA myself live since November, those who are having issues are those with very small accounts.
Now I understand that not everyone can afford a 10K USD starting balance, however I'm sorry to say, but this is really the minimum one should start with.
I started with a 10K account and ran the same pairs and risk settings as Toms live account. Once my account was up 30%, I withdrew all the funds, changed brokers and significantly increased my account size. I am still running RL2 on the EUR, GBP and CAD.... however I have dropped the EUR/GBP as it was under performing and not worth the risk IMHO.
My current DD (open trades) is about 12% and Toms live account is at 14% (makes sense since I dropped the EUR/GBP).
So maybe (just a thought) try and save up for a bigger account size before trading with TEA, or drop all the pairs but the Euro and change to RL1
Tham gia từ Jan 31, 2011
724bài viết
Feb 02, 2012 at 03:52
flopps posted:
Hello everyone....
First of all.... Sorry for those that have experienced excessive DD or even a margin call. As an observation from keeping up to date with this thread and running TEA myself live since November, those who are having issues are those with very small accounts.
Now I understand that not everyone can afford a 10K USD starting balance, however I'm sorry to say, but this is really the minimum one should start with.
I started with a 10K account and ran the same pairs and risk settings as Toms live account. Once my account was up 30%, I withdrew all the funds, changed brokers and significantly increased my account size. I am still running RL2 on the EUR, GBP and CAD.... however I have dropped the EUR/GBP as it was under performing and not worth the risk IMHO.
My current DD (open trades) is about 12% and Toms live account is at 14% (makes sense since I dropped the EUR/GBP).
So maybe (just a thought) try and save up for a bigger account size before trading with TEA, or drop all the pairs but the Euro and change to RL1
Here! Here! I second that! Seriously though....anything less than $10k and you are asking for a margin call.
Make losses, but always come out a winner at the end.
Tham gia từ Aug 22, 2010
23bài viết
Feb 02, 2012 at 04:12
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
forex_trader_53345
Tham gia từ Nov 13, 2011
53bài viết
Feb 02, 2012 at 04:19
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
Tham gia từ Jan 31, 2011
724bài viết
Feb 02, 2012 at 04:32
paulrozza posted:
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
Very much agreed. Personally, I would say a good guideline to follow is:
Proper account setup and risk management- $10k with 500:1 leverage PER pair traded.
That would mean, if you have 100:1 leverage, you need $50k. If you have 50:1 leverage, you need $100k, etc.
Make losses, but always come out a winner at the end.
Tham gia từ Jan 24, 2012
60bài viết
Feb 02, 2012 at 04:34
(đã sửa Feb 02, 2012 at 04:41)
follow the formula on the TEA's webpage *FIRST*
esp. leverage (a weapon used here to prevent a margin call, not towards enhancing return).
If we still want to one-up the settings for this page, demo till you got a good enough sample-size but never start a real one with lower leverage.
*NEVER EVER*
Meanwhile, your copy-cat still gives you a decent return. :)
Good to refresh our memory on the safe work practices from time to time if 'itchy fingers' withdrawal comes
:D
esp. leverage (a weapon used here to prevent a margin call, not towards enhancing return).
If we still want to one-up the settings for this page, demo till you got a good enough sample-size but never start a real one with lower leverage.
*NEVER EVER*
Meanwhile, your copy-cat still gives you a decent return. :)
Good to refresh our memory on the safe work practices from time to time if 'itchy fingers' withdrawal comes
:D
Tham gia từ Sep 02, 2009
23bài viết
Feb 02, 2012 at 04:41
fughe posted:
paulrozza posted:
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
Very much agreed. Personally, I would say a good guideline to follow is:
Proper account setup and risk management- $10k with 500:1 leverage PER pair traded.
That would mean, if you have 100:1 leverage, you need $50k. If you have 50:1 leverage, you need $100k, etc.
FXDD says 'US Accounts regulated by the NFA can't be set to 400:1'. Any reputable brokers or ideas?
Tham gia từ Jan 24, 2012
60bài viết
Feb 02, 2012 at 04:47
Tham gia từ Sep 02, 2009
23bài viết
Feb 02, 2012 at 04:56
cwave posted:
fughe posted:
paulrozza posted:
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
Very much agreed. Personally, I would say a good guideline to follow is:
Proper account setup and risk management- $10k with 500:1 leverage PER pair traded.
That would mean, if you have 100:1 leverage, you need $50k. If you have 50:1 leverage, you need $100k, etc.
FXDD says 'US Accounts regulated by the NFA can't be set to 400:1'. Any reputable brokers or ideas?
Oops I meant 1:400.
Tham gia từ Apr 22, 2011
42bài viết
Feb 02, 2012 at 04:56
@statman
As I said.... sorry to hear that.
I should have added in my post I have 500:1 leverage and wouldn't consider trading with anything less then 400:1. I don't live in the US, so not subject to NFA rules
As I said.... sorry to hear that.
I should have added in my post I have 500:1 leverage and wouldn't consider trading with anything less then 400:1. I don't live in the US, so not subject to NFA rules
Tham gia từ Jan 31, 2011
724bài viết
Feb 02, 2012 at 05:12
cwave posted:
fughe posted:
paulrozza posted:
I don;t know how many times this has been said but -
statman posted:
flopps
My account was a 20K account running eur/usd and gbp/usd at RL 2 and usd/cad at RL 1 yet still I wound up with a margin call just 30 days after opening with a leverage of 50:1.
So take heed that even a larger account is subject to massive DD and margin calls.
400:1 LEVERAGE IS THE REQUIRED MINIMUM HERE. DO NOT KID YOURSELF THAT ANYTHING LESS IS OK BECAUSE IT ISN'T. THIS IS WHY THE WPFX ACCOUNT WAS SET UP IN THE FIRST PLACE, AS I BELIEVE THE RESELLERS OF THIS EA KNEW IT'S POTENTIAL BUT ALSO KNEW THE RISKS INVOLVED WHICH ARE WAYYYYYYY HIGHER ON LOW LEVERAGE!!!
Sorry for the yelling...but this point needs to be made and read by anyone else who is trading on low leverage - it is TOO RISKY!!!
Very much agreed. Personally, I would say a good guideline to follow is:
Proper account setup and risk management- $10k with 500:1 leverage PER pair traded.
That would mean, if you have 100:1 leverage, you need $50k. If you have 50:1 leverage, you need $100k, etc.
FXDD says 'US Accounts regulated by the NFA can't be set to 400:1'. Any reputable brokers or ideas?
You best bet is to open a micro account with FinFX and ask them if they will increase your leverage. Sometimes they will. And i recommend Micro account because they allow micro lots.
Make losses, but always come out a winner at the end.
Tham gia từ Dec 29, 2011
29bài viết
Feb 02, 2012 at 09:26
paulrozza - thanks for the response, and sorry to hear you're stuck in the same position as those of us who missed the EUR/USD exit opp using the non-mirrored MT4 EA. It's 'interesting', to say the least :)
To anyone who can provide experienced feedback: I'm running TEA on a UK spreadbetting MT4 platform, with broker-cited 'leverage' at 100:1, but the EA sees the account as a mini and 'lots' are set at .10 equivalent to 10p. Support told me (and I did ask) that the EA would equate currencies for deposits, so a c. GBP6k account would be seen as c. $10k. After testing the demo at this level (when all seemed well last year), I went live with GBP6k.
With current DD and a couple of GBP/USD sell trades being set at GBP2.10, I could do with some perspectives an views on this from the community. I assumed the 'leverage' calculated at much higher, and the EA would work as if it was dealing with a micro account - ceratinly based on the demo experience - but not so certain now...
As ever, appreciate all feedback.
Cheers.
To anyone who can provide experienced feedback: I'm running TEA on a UK spreadbetting MT4 platform, with broker-cited 'leverage' at 100:1, but the EA sees the account as a mini and 'lots' are set at .10 equivalent to 10p. Support told me (and I did ask) that the EA would equate currencies for deposits, so a c. GBP6k account would be seen as c. $10k. After testing the demo at this level (when all seemed well last year), I went live with GBP6k.
With current DD and a couple of GBP/USD sell trades being set at GBP2.10, I could do with some perspectives an views on this from the community. I assumed the 'leverage' calculated at much higher, and the EA would work as if it was dealing with a micro account - ceratinly based on the demo experience - but not so certain now...
As ever, appreciate all feedback.
Cheers.
Tham gia từ Nov 09, 2011
59bài viết
Feb 02, 2012 at 09:45
HI all great forum.
After all these questions etc, some of you may know I was advised incorrectly from support over adding the gbp/usd on my account level. It wasn't until Dustin gave us his answer that it became clear, due to this, a question for Dustin:
For only one pair at setting 1 are you now advising to have minimum of £10k after the problem with DD people have been experiencing?
I would like to see what Dustin is now saying, as if he his now advising this I can stop using this until I have enough in my account. I do like this ea but do not want to bust my account if I originaly was told it was ok but now you need $10k. I would def continue to use this ea but only when i had grown my account.
Even after going through the last week on the eur /usd and escaping, we are now going through the same if not worse for some people on the gbp/usd.
Dustin Please Advise...
After all these questions etc, some of you may know I was advised incorrectly from support over adding the gbp/usd on my account level. It wasn't until Dustin gave us his answer that it became clear, due to this, a question for Dustin:
For only one pair at setting 1 are you now advising to have minimum of £10k after the problem with DD people have been experiencing?
I would like to see what Dustin is now saying, as if he his now advising this I can stop using this until I have enough in my account. I do like this ea but do not want to bust my account if I originaly was told it was ok but now you need $10k. I would def continue to use this ea but only when i had grown my account.
Even after going through the last week on the eur /usd and escaping, we are now going through the same if not worse for some people on the gbp/usd.
Dustin Please Advise...
Tham gia từ Jan 24, 2012
60bài viết
Feb 02, 2012 at 10:24
Chrissav,
What's your portfolio & RL like?
& leverage ... best to give a full picture...so its clearer to anyone...; not further 'complicate'... going forward
that's all from me...
Tham gia từ Nov 09, 2011
59bài viết
Feb 02, 2012 at 10:29
Hi No Probs
Sterling £2200 leverage 1:500, eur usd currently switched off until, GBP sorts it self out, Then back to eur /usd setting 1 only.
Started in nov at £1676
cheers
Sterling £2200 leverage 1:500, eur usd currently switched off until, GBP sorts it self out, Then back to eur /usd setting 1 only.
Started in nov at £1676
cheers
Tham gia từ Dec 29, 2011
29bài viết
Feb 02, 2012 at 11:35
Guys, throwing another Q into the mix. My instance of TEA is insisting on a TP of 1.30210 on EUR/USD, but I read 1.3023 as the low for Feb.1 and I read support c. 10 pips above that. Anyone more technical than me (wouldn't be hard :) ) care to explain so I can grasp what it's doing?
And if I've missed something obvious (or misread the charts), why doesn't it allow for a small margin and move short TPs to the upside slightly (longs to the downside) to take profit in larger/longer-running trades a little earlier than its prediction? I've had a few larger baskets 'bounce' & RT within 3-5 pips of a profit since going live. Wouldn't this approach be safer?
Cheers.
And if I've missed something obvious (or misread the charts), why doesn't it allow for a small margin and move short TPs to the upside slightly (longs to the downside) to take profit in larger/longer-running trades a little earlier than its prediction? I've had a few larger baskets 'bounce' & RT within 3-5 pips of a profit since going live. Wouldn't this approach be safer?
Cheers.
Tham gia từ Jan 24, 2012
60bài viết
Feb 02, 2012 at 13:21
(đã sửa Feb 02, 2012 at 13:25)
As a fellow TEA user to:
> Chris,
it's best to stick to 1pair@ RL 1 - based on their recommendation of $1000 - $4499 = RL1.
get a less volatile pair to be safe, if you want to continue... *** NFP tomorrow ***
>Pockeyguy,
Dustin did mentioned on the use of retracement/fibs...in webinar.
EA would only adjust to TP in profit for basket trades almost all the time, until SL hit- I believe i'm right on this.
*BUT* no one's perfect, not even the market to hit the sweet spots u mentioned (or someone's missing what the biggies saw).
yes, I do agree that TEA should make a setting that allows TP adjustment on basket-close for selected, affected pair...
a 'stop-shirt-loss-before-pants-loss when it seems likely inevitable' setting...
Or set the liquidate setting for only that *particular* pair... i've not tested the current one yet...hmmm
> Chris,
it's best to stick to 1pair@ RL 1 - based on their recommendation of $1000 - $4499 = RL1.
get a less volatile pair to be safe, if you want to continue... *** NFP tomorrow ***
>Pockeyguy,
Dustin did mentioned on the use of retracement/fibs...in webinar.
EA would only adjust to TP in profit for basket trades almost all the time, until SL hit- I believe i'm right on this.
*BUT* no one's perfect, not even the market to hit the sweet spots u mentioned (or someone's missing what the biggies saw).
yes, I do agree that TEA should make a setting that allows TP adjustment on basket-close for selected, affected pair...
a 'stop-shirt-loss-before-pants-loss when it seems likely inevitable' setting...
Or set the liquidate setting for only that *particular* pair... i've not tested the current one yet...hmmm
