Its a pity - but it seems the demos in "TGTFX1" are now finally switched off !
But I had to expect that - sooner or later they must have switch them off.
So all in all thats not surprsingly - bcz these demos have been running since summer 2013 on the old GP demo server officially switched off already months ago - but dont know by which reason until yesterday these oldest demos have been up
And so I could watch the trading of the NewCF7SR bot thanks god for some time longer.
Anyway its over - but I could get some good results about the further use of this bot.
Have to set up now new demos of course on the new GP demo server. Did that already - preparing the new upcoming weeks with this EA ! Hope they will be successful !
Got some very simple insights from these oldest demos:
- Dont use it OOTB !
- I prefer "CalcPipStep=false" and then:
- Use a "PipStep" al least 60 (40 wasnt good) - or more ... 60-80 (100 or even 120 ?)
- Set the BsktTsFactor to 6 or 8 (maybe 10 ?) - low "BsktTsFactor" will considerable lower the gains but is not as much effective as expected lowering the DD - to my view at least. Of course maybe in market storms it would be better to have a "BsktTsFactor" of only 2 or 3: but who knows ? Its all a question of risk you are willing to take - like every time we are playing in fx !
- Higher TF may be better for trading this bot (H1 or even H4) - altough it is originally coded for M5
- M15 will trade quite often - but the DD's may be higher, M5 may survive (I started a new attempt with M5 for a limited selection of pairs - no AUD, no JPY)
- On H4 you'll have trades very rarely only - the idea behind all that is the expectancy of more valid S&P zones on the higher TF's - so we could fewer but safer countertrades - I hope so
- I add a typical setfile - I use that on the Cowboy Go Markets 10 (GOM 10) demo acc, BUT the good news is, its possible to set the parameters in a wider range - that differences wont effect much the trading behaviour of the bot, maybe that is perhaps a sign of something like a "stability" of this EA ? So dont takt the attached setfile as the only one you have to use !
- Trading capital of 3k ... 5k is recommended (using the minimal 0,01 lot) - although using only 2k and not optimal settings (OOTB) a demo (GP 27) could even survive all the time since summer 2013 !
That was the main surprise for me and a sign of "stability" - unfortunately cant say what would be now running this older M5 demo with optimized settings further if I could - would it recover completly ?
AND: Never use with
Cowboy Go Markets a combination of the parameters "CalcPipStep=true" + "CalcBsktParams=true" - the bot will open very very much trades killing the margin - that cost me 1k !
As I wrote already above - I prefer on principle "CalcPipStep=false" using a fixed PipStep. But its possible to use "CalcPipStep=true" + CalcBskTParams=false" - that may avoid often trade opening too.
Dont know why - but I had this BS only with GO - never with GP. So if you try any broker with this bot watch out its first steps. "CalcPipStep=true" may be dangerous - which brokers arn't appropriate like GO - dont know, its perhaps a technical issue.
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). The only difference to the 2 others (Cowboy IBFX+GP) is: the bot with Alpari demo acc is trading 0.1 lot - not 0.01 lot as I planned. That happened only by chance: the Alpari demo is running only with minilots - so the platform itself started the trading with 0.1 lot ignoring my original setting of 0.01 lot.
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