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José Luis Live Account Experiment
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3325		 Page 12 of 20
Author:  jlcgarcia [ Tue Nov 03, 2015 5:57 am ]
Post subject:  José Luis Live Account Experiment
jlcgarcia » Sun Nov 01, 2015 12:12 pm wrote:Hi,

I have received an email that says:

And another one:

My answer to them is as follows:

Dear ...,

after some years trading options and futures, I decided to try the forex market, and I make money following some principles:

1. Only trade pairs with positive swaps. Why ? If there is turbulence, the money goes to this pairs.

2. I use a maximum of 0.01 lots for every 200 euros per pair. Only in the case of the Forex Duck I have breaken this rule and I am using 0.01 lots for every 2.000 euros all pairs, because I am trading only positive swaps and filtering the correlation.

3. Only trade my own EAs. Do not trade discretionaly.

4. Use a NDD broker. I prefer to pay commissions to pay high spreads.

5. I have faith in my EAs (remember only positive swaps, correlation on), but I have in reserve an amount of money equivalent to the sum invested in case I have to rescue the account. I do not close the positions in losses, I prefer to follow the EA.

6. Respecting the compiled code, there are several reasons: first, my EAs have been decompiled, reselled in another forums, ebay, etc. Second, in my EAs I only use two programming shells (one for single pairs and another one for multipairs, there is not anything to change in them). Three, the strategies that conform my EAs derive many times from my intuition that the markets follow a certain model (if any). Have you tried to discuss your intuitions with someone? Finally, I am not posting here any more EAs with expiration, although the intention here was not to avoid them been copied, but forcing that if someone was using one of them successfully, that he/she explains his/her parameters and results prior to obtaining a longer expiration.

Regards

José Luis

Hi,

many people have asked me about the version, parameters, etc, of the EA that it is running in the live account of my signature.

I must remember you one evident thing: your psichological bias about a demo and a live account is very different. In a live account every point that the DD arises is causing you a terrible headache. A demo account will not prepare you for that. There is an aforism in Spain that says: "A toro pasado yo me arrimo más que Manolete", something as "it was as dangerous as seen the bulls from the fence".

If you have the hope of living from trading, you must have a well founded account and as I have said above, same equivalent funds in reserve.

But let's talk about the version of the forex Duck I am trading live (version 19).

First, I must tell you that I have traded live all the versions of Forex Duck, and in the process I have acumulated some DD. That is the risk of experimenting with your live account.

Second, If you run this EA, you will see that this version does not filter correlation, nor spreads. It filters swaps and has an exponential multiplier of 1.2 for the distance between trades.

Third, internally, for filtering, it uses Stochastic and Support/Resistance.

Fourth, when the EA opens a positions it asigns a take profit, but does not open any stop loss. You must say it is risky not having a stop loss. As I have said before, I only trade positive swaps (and I have not the urge of going out fast to close the position if the trade is in a loss) and it is very difficult to quantify where to put an stop loss. If you have any tested stop loss, please let me know.

Fifth, when a trade is in profit the EA begins to trail the position inmediately. Never let a winning trade to reverse in a loss. I think this is the more painful aspect of trading: to see how a winning position turns out in a losing trade and it progresses in negative. Do no let it. One of the first texts on trading told me: never let a trade that is winning 15 pips to revert in losses.

Sixth, money management. I am trading live with a gross account (besides the account in my signature). And I am trading live the Forex Duck with 0.01 lots for every 3,000 euros with 23 pairs. For someone of you it will be too much, for others too litle. You must find your equilibrium between risk and reward.


Nothing more for now, and here it is the EA.

Regards


José Luis
Author:  mackaozy [ Tue Nov 03, 2015 10:05 am ]
Post subject:  José Luis Live Account Experiment
Thanks Jose.

Do you set correlation to true on v19, or does the new duck engine reduce the risk internally so we may set correlation to true?
Thanks
:D
Author:  jlcgarcia [ Tue Nov 03, 2015 11:23 am ]
Post subject:  José Luis Live Account Experiment
mackaozy » Tue Nov 03, 2015 12:05 pm wrote:Thanks Jose.

Do you set correlation to true on v19, or does the new duck engine reduce the risk internally so we may set correlation to true?
Thanks
:D
Hi,

I am using the EA live identically as I have posted with the correlación parameter false. I think the EA filters the pairs ínternally.

Regards

Jose Luis
Author:  STRUNA848 [ Tue Nov 03, 2015 4:25 pm ]
Post subject:  José Luis Live Account Experiment
Hello Jose Garcia

My good freind Josh Alison alias AllisonMagic give it to me contact on you. We was trading together with him EAs and 15min Patience had very good results for me. I wanted to go live today but Expert had expired. Can you please help me with this and send me version which not gonna expired. i speak here about 15minPatience.

Thank you and God bless you

freind Joseph (Struna848)
Author:  jlcgarcia [ Tue Nov 03, 2015 5:59 pm ]
Post subject:  José Luis Live Account Experiment
STRUNA848 » Tue Nov 03, 2015 6:25 pm wrote:Hello Jose Garcia

My good freind Josh Alison alias AllisonMagic give it to me contact on you. We was trading together with him EAs and 15min Patience had very good results for me. I wanted to go live today but Expert had expired. Can you please help me with this and send me version which not gonna expired. i speak here about 15minPatience.

Thank you and God bless you

freind Joseph (Struna848)

Hi,

here it is. Tell us something about your results, please.


Regards


José Luis
Author:  jlcgarcia [ Sat Nov 07, 2015 2:40 pm ]
Post subject:  José Luis Live Account Experiment
Hi,

beginning next monday, I will be trading live three EAs:

1. CF-TOR-1150 4H RSI V7: (single pair EA)

- Pairs: EURJPY, EURUSD, GBPJPY, GBPUSD, USDJPY.

- Lots: 0,01 for every 1.000 euros.

- Timeframe: 4 hours.

-Required Xixi indicator (included in the zip file).

2. Market Spread Taker First EA H4 v4 (Multi Pair EA):

- Pairs: all pairs except selling NZD.

- Lots: 0,01 for every 1.000 euros.

- Timeframe: 4 hours.

3. MSC-Scalper PBV v3 (Multi Pair EA):

- Pairs: all pairs, but correlation is true (following Andy post about correlation I have rewritten part of the subroutine). Andy post is here:

http://www.stevehopwoodforex.com/phpBB3 ... 70#p130494

- Lots: 0,01 for every 1.000 euros.

- Timeframe: 1 hour.

You can see now that the EAs have expiration, I think it is not a bad idea, following the success that has had the thread about single EAs petitions that you can find here:

http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=4455

These EAs will expire 31.12.2015.

Regards


José Luis
Author:  luke1711 [ Tue Nov 10, 2015 11:23 am ]
Post subject:  José Luis Live Account Experiment
jlcgarcia » Sat Nov 07, 2015 2:40 pm wrote:Hi,

beginning next monday, I will be trading live three EAs:

...

2. Market Spread Taker First EA H4 v4 (Multi Pair EA):

- Pairs: all pairs except selling NZD.

- Lots: 0,01 for every 1.000 euros.

- Timeframe: 4 hours.

...
Hi José Luis,
I started a demo too, but no trades yet... and nothing seems wrong in the log:
log.jpg
Guys, is there anybody with more action for this EA?
Author:  jlcgarcia [ Wed Nov 18, 2015 4:06 pm ]
Post subject:  José Luis Live Account Experiment
jlcgarcia » Sat Nov 07, 2015 4:40 pm wrote:Hi,

beginning next monday, I will be trading live three EAs:

........

3. MSC-Scalper OBV v3 (Multi Pair EA):

- Pairs: all pairs, but correlation is true (following Andy post about correlation I have rewritten part of the subroutine). Andy post is here:

http://www.stevehopwoodforex.com/phpBB3 ... 70#p130494

- Lots: 0,01 for every 1.000 euros.

- Timeframe: 1 hour.



Regards


José Luis



Hi,

I am trading this EA live and an update seems necessary.

As you can see in the parameters , I am trading it live with the correlation false and 0.01 lots for every 3.000 euros, and ignoring the swaps.

Regards


José Luis
Author:  jlcgarcia [ Thu Nov 19, 2015 11:11 am ]
Post subject:  José Luis Live Account Experiment
Hi,


Every day I go to walk or run for one or two hours. As a full time trader I must do same activity, avoiding to stay seated all day in front of the screen.


Before I go away I want to let you know the preset that it is running in the account in my signature. Could you identify the version of the EA? :smile:


Regards


José Luis
Author:  jlcgarcia [ Tue Apr 26, 2016 6:26 am ]
Post subject:  José Luis Live Account Experiment
Hi,

I have been trading with grids as long as I can remember. For that I am following with interest the latest EAs posted in the forum that use grid trading.

Also I read about the Remon Swing-and-Reaping System or Strategy, and simulated its operative.

As a result (and mainly as an exercise of coding) I have included some of Remon ( and SH ) ideas in the following EA.

Take into account that this EA is purely an exercise to experiment with some aspects of grid trading, and although I am trading it live myself, I use it for now with a lot of 0.01 and only with the gbpjpy pair.

I am running this EA in parallel to the excellent SH Rise 'n Repeat EA with the only purpose of learning more about grid trading.

Regards

José Luis


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