sashken EA - 3rd Place at Automated Trading Championship!

[scorpion]

When your EA fails many times consecutively, it means you need to optimize the settings for the new cycle. If you can't optimize, you need to implement the MM suitable for your system to survive the bad cycle.

I'm interested in Elder's 2% and 6% MM. He rules that you should risk only 2% of equity at any given time. Anytime your account loses 6% of equity from the end of last month, stop trading for the whole month. After that, you start with lowest lot, increase bit by bit. Until your account equity increases by 6% should you run it at full throttle. With this MM, you should minimize the loss during bad cycle and maximize the winning during good one.

The strategy seems awkward in forex, because 2% risk is too boring to trade. With 100:1 leverage and $10,000 equity, you can risk only 20 pips at any given time. When your account down 60 pips in November, you'd stop trading immediately and start again with 0.1 lot on December 1. With $1,000 equity, you should go with mini-lot. You then lose only 2% of equity for 20 pips, rather than 2 pips.

I'm going to test this strategy with my systems. If it works [in backtesting and forward testing], i'll publish my finding. And of course, integrate this MM in the new ZeroCode.

[scorpion]

Anyone knows how sashken went from top to bottom?

[gazuz]

bad money managment? stop loss?

[scorpion]

He risked 100% of equity in only one trade.

[gazuz]

Lol, money managment it is

[scorpion]

Yes right

[auto]

The top one - EuroBull is also there by stroke of luck!

[scorpion]

Seems like MQ should do something with this lucky thing. A rule stating that an EA must execute at least 100 trades or something by the end of contest will do.

[hamidur4u]

Dear traders
I am new in forex trading.
I star my real trading with USD$ 1300, at 7th May 2007. My broker name is crown forex.
Already I lost my USD$ 700. now few day I am not trading. Because of I don’t lost my rail USD$ again. Now I am practicing in demo account.
Some one advise me which Trading Systems I should use for major currency.

My trading Statement
Crown Forex SA
A/C No: XXXX Name : MAKSUDUR RAHMAN
Deposit/Withdrawal: 1 300.00Credit Facility: 0.00Closed Trade P/L: -653.32 Open Trades:Flotingb P/L:0.00 Working Orders:TicketOpen TimeTypeLotsItemPriceS / LT / PMarket Price No transactionsA/C Summary: Floating P/L:0.00Closed Trade P/L:-653.32 Total Credit Facility:0.00Deposit/Withdrawal:1 300.00 Equity:646.68Balance:646.68 Margin Requirement:0.00Available Margin:646.68Best Regards

[bossxero]

A real bad start for you brother. You should have studied the forex market and trading first before investing a single penny. Forex is not as easy as it seems. In forex, there are 90% losers and 10% winners. Start by reading forex books, studying how to read and interprete the charts. How to analyse the charts using technical tools etc.. There is lots of hard work in front of you...

Originally Posted by hamidur4u

Dear traders
I am new in forex trading.
I star my real trading with USD$ 1300, at 7th May 2007. My broker name is crown forex.
Already I lost my USD$ 700. now few day I am not trading. Because of I don’t lost my rail USD$ again. Now I am practicing in demo account.
Some one advise me which Trading Systems I should use for major currency.

My trading Statement
Crown Forex SA
A/C No: XXXX Name : MAKSUDUR RAHMAN
Deposit/Withdrawal: 1 300.00Credit Facility: 0.00Closed Trade P/L: -653.32 Open Trades:Flotingb P/L:0.00 Working Orders:TicketOpen TimeTypeLotsItemPriceS / LT / PMarket Price No transactionsA/C Summary: Floating P/L:0.00Closed Trade P/L:-653.32 Total Credit Facility:0.00Deposit/Withdrawal:1 300.00 Equity:646.68Balance:646.68 Margin Requirement:0.00Available Margin:646.68Best Regards