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Moving Day
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=5801		 Page 15 of 18
Author:  SteveHopwood [ Mon May 25, 2020 10:36 am ]
Post subject:  Moving Day
Gertje » Mon May 25, 2020 7:13 am wrote:
c1borg » Sun May 24, 2020 10:10 am wrote:
SteveHopwood » Fri May 15, 2020 6:54 pm wrote: My no individual trade TP of nothing and only aiming for global basket TP's only demos have been a wipe out so I will shut them down this weekend. I will start two fresh demos at the same time: one with my defaults and one with much more conservative settings. Timing is sooooo important when trading, so this will be trading like with like. We shall see which comes out ahead in the long run.

:xm: :rocket:
I thought Steve had shut them down will take a look :smile:

Edit: Last trade 15/5/2020 so now shut down as expected
What about the one in the User Manual?
That is the original demo from when we added stop and grid trading, still up and running.


:xm: :rocket:
Author:  TradingMastermind [ Thu May 28, 2020 7:24 am ]
Post subject:  Moving Day
I posted images of these 2 accounts a couple of weeks back. The difference between then is still growing.
The first one is Lot size 0.5, TP $500, set to take pending at 20 pips then 4 more pending 20 pips apart.
The second one is the same except takes pending at 20 pips then 4 more pending 10 pips apart.

The difference is massive.
WPC1-1b.PNG
WPC1-4b.PNG
I have found that any of the setups I am running with bigger take profit levels are struggling at the moment and giving back all the profits made during the beginning of the month.
I'm finding smaller basket sizes and faster entries makes those baskets fill quicker before price reverses against you.
Author:  Gertje [ Thu May 28, 2020 7:50 am ]
Post subject:  Moving Day
TradingMastermind » Thu May 28, 2020 7:24 am wrote:I posted images of these 2 accounts a couple of weeks back. The difference between then is still growing.
The first one is Lot size 0.5, TP $500, set to take pending at 20 pips then 4 more pending 20 pips apart.
The second one is the same except takes pending at 20 pips then 4 more pending 10 pips apart.

The difference is massive.

I have found that any of the setups I am running with bigger take profit levels are struggling at the moment and giving back all the profits made during the beginning of the month.
I'm finding smaller basket sizes and faster entries makes those baskets fill quicker before price reverses against you.
Impressive!!
:hi: :hi: :hi:
Author:  trader689 [ Thu May 28, 2020 7:55 am ]
Post subject:  Moving Day
hey TradingMastermind

thanks for the update, looks incredible - small drawdown as well. But I'm not sure what I'm doing wrong, demoing (global prime) similar settings and after initially doing well, all the profits have been given back and then some. Will continue to test and report back if anyone is interested

trader
Author:  Gertje [ Thu May 28, 2020 7:56 am ]
Post subject:  Moving Day
trader689 » Thu May 28, 2020 7:55 am wrote:hey TradingMastermind

thanks for the update, looks incredible. But I'm not sure what I'm doing wrong, demoing (global prime) similar settings and after initially doing well all the profits have been given back and then some. Will continue to test and report back if anyone is interested

trader
Keep in mind that the basket TP TradingMastermind uses is 1/4th of what Steve uses as default.

If I understood it correctly. :mrgreen:
Author:  trader689 [ Thu May 28, 2020 8:10 am ]
Post subject:  Moving Day
thanks Gertje, yes I am using a similar lotsize-to-basket tp ratio as TradingMastermind (0.05 lot, £50 basket tp in my case)

trader
Gertje » Thu May 28, 2020 7:56 am wrote:
trader689 » Thu May 28, 2020 7:55 am wrote:hey TradingMastermind

thanks for the update, looks incredible. But I'm not sure what I'm doing wrong, demoing (global prime) similar settings and after initially doing well all the profits have been given back and then some. Will continue to test and report back if anyone is interested

trader
Keep in mind that the basket TP TradingMastermind uses is 1/4th of what Steve uses as default.

If I understood it correctly. :mrgreen:
Author:  Gertje [ Thu May 28, 2020 8:32 am ]
Post subject:  Moving Day
trader689 » Thu May 28, 2020 8:10 am wrote:thanks Gertje, yes I am using a similar lotsize-to-basket tp ratio as TradingMastermind (0.05 lot, £50 basket tp in my case)

trader
Then maybe it's time to compare setfiles.
These result TradingMastermind showed are unreal.
Author:  trader689 [ Thu May 28, 2020 10:01 am ]
Post subject:  Moving Day
hey Gertje

sure, I can share the setfile I'm using but I'm fairly confident my settings are correct, given that there wasn't really lot to tweak, but if someone wants to check it have attached

thanks, trader
MD grid and basket £50 tp + 10 pipDist mod.set
Gertje » Thu May 28, 2020 8:32 am wrote:
trader689 » Thu May 28, 2020 8:10 am wrote:thanks Gertje, yes I am using a similar lotsize-to-basket tp ratio as TradingMastermind (0.05 lot, £50 basket tp in my case)

trader
Then maybe it's time to compare setfiles.
These result TradingMastermind showed are unreal.
Author:  biobier [ Thu May 28, 2020 10:07 am ]
Post subject:  Moving Day
Hi,
I've (tried) to setup the same but also does not work well after initial wins:
2020-05-28 12_06_16-Empty4-22521040 _ Myfxbook.png
I am submitting to FxTestify but it does not show up as not running for 10 days yet.
So this are the differences to a default set file:
Lot=0.5
GridSize=4
DistanceBetweenTradesPips=10
BasketTargetCash=500.0
FridayStopTradingHour=24
MondayStartHour=4

which is in line what was posted:
TradingMastermind » Sun May 17, 2020 12:26 pm wrote: ....
Lotsize 0.5
Takeprofitpips 120
Oppositesidestoplosspips 30
Gridsize 4
Pendingdistancetofirsttradepips 20
Distancebetweentradespips 10
BasketTargetCash 500
Knockofffordayafterclosure True
...

(Tipp: you can use winmerge when comparing to a defaults set file to get only the differnt lines via "view"-> "Diff context"-> "0 lines")
Author:  TradingMastermind [ Thu May 28, 2020 4:31 pm ]
Post subject:  Moving Day
trader689 » Thu May 28, 2020 10:01 am wrote:hey Gertje

sure, I can share the setfile I'm using but I'm fairly confident my settings are correct, given that there wasn't really lot to tweak, but if someone wants to check it have attached

thanks, trader


Thats almost exactly the settings I am using, I have recently though turned off ForexWiki and reduced the Shirt Protection settings as I found it getting low on margin at times.

I will attach a copy of my setfile below.

Apart from that I don't know why I am getting better results than others. I am running the same settings on more accounts and getting similar results.

~Here's a GP Demo started with 2K and 0.05 lot size on 17th May showing similar growth
WPC1-7.PNG
And a ICmarkets account started on 20th May, 1k with a 0.05 lot, also performing similar.
WPC2-5.PNG

Heres the setfile
WPC1-4b.set
I'm not closing any trades manually or interfering in any way with the EA. I'm just letting it do it's thing.

TM
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