The Old Beast, How MurphyMan made this a successful trading

[MarcelloT]

ok

[garyfritz]

Grazie, Marcello! Wow, doubling the account in 5 months. That's pretty nice, about 15% per month with no significant drawdown.

Except... if I sum up the "Profit" column, I only get about $41k, not the $105k shown on the report. ??? I'm not sure what I'm doing wrong there.

In this 2-3 month test, the recovery went to level 3 about 10-12 times. It looks like you used 1.2.6 recovery, so level 3 is the worst it can get? What does TB's recovery do if you lose on the 3rd level?

The minimum size with a $100k account was 0.8 lots. So you'd either need to trade micro-lots, or trade it with a minimum of $12.5k or so. Or run a higher level of leverage than might be prudent.

[MichaelM]

Gary, you'll need to remove the "space" from the numbers that are >= $1000 in the profit column before summing in excel


MarcelloT,

Am I correct in assuming that the only pairs you traded with this EA are:

AUDUSD
EURCHF
EURGBP
EURJPY
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPUSD
USDCAD
USDCHF
USDJPY

If so, I would like to know your reasoning with not trading any other pairs

Thank you,
MichaelM.

[garyfritz]

Gary, you'll need to remove the "space" from the numbers that are >= $1000 in the profit column before summing in excel

Aha! You are exactly right. Thanks!

[MarcelloT]

Maciej/ NO ITALIANO - POLAND

[Mike]

The Beast with MarcelloT's setting is set up on a Empty4 platform by itself. It does work. Sometimes I get strange messages, of which I do not know what to do, see attached file.
In short. I get repeated error messages for the entry of a pending trade. though the declared entry@0.92489 is far away from the actual price@0.9184, a price difference of 64 Pips
On the attachement you see the pending trade, price action and the error-alert.
I do not know, what to do of it.

[MarcelloT]

Hi, Ea works
H1 TF

MT

[MarcelloT]

On the subject of money management - that I do it like this:

deposit value divided by 10000 divided by the number of pairs = worth of trade .....

For example:

25000/10000 = 2.5 / 17 pairs = 0.15

It is my opinion, secure way to protect your money, I use it almost all EA .....

Maciej

[MarcelloT]

history 2

[garyfritz]

Maciej, that doesn't take risk into account. Your formula would use the same position size whether you EA was risking 10 pips or 1000. Which means your 0.15 position size could lose anywhere from $15 = 0.06% to $1500 = 6% of your account. It also doesn't consider how well the system works.

The math of position sizing says you should risk a fairly consistent % of your account, based on how well the system works.