Follow My Leader auto-trading EA

[cuzgeorge]

Thanks jboy, i'm no coder , so can really only help with testing ans so on, but would love to help out if you need.
thanks,
cuzg

[jboy]

Oh, I'm no coder either. And please go ahead to try any settings you want. I'm just a beta tester like everyone else, and Steve is the bus driver. I'm just providing feedback with what I'm seeing.

[Panamamike]

Member: youcrazykids
Criminal: FXCM
Pairs: All GBP, EUR and USD pairs
TimeFrame: 15
Threshold: 20
CashTakeProfit: 40
CashStopLoss: 20

Note: GBPNZD, GBPAUD and GBPCAD aren't available on FXCM.

I have traded with FXCM for years. I have several accounts with FXCM UK. GBPNZD, GBPCAD, and GBPAUD are all available. Right click in Marketwatch, click Show All, and they will be in the third group of pairings.

[mobthehop]

Would you guys please share your results for this week - thanks!

[SteveHopwood]

Oops. It looks as though every else had the same results as me and moved on quickly - total wipeout.

In the absence of protests, I shall delete this thread as the EA is a non-starter.

[jboy]

Hehe. Yeah, it's a consistent loser. Didn't have the heart to point it out sooner. Wanted to give it a chance to turn around, but it does not have a chance.

[squalou]

I wouldn't abandon it too quickly...

Let's wait for Gary's CurrencyStrengthMA to warm-up, and that could be our better "leader"...

Sq

[youcrazykids]

Despite being sure of setting everything up properly, the EA burned out THREE consecutive 100k USD demo accounts with such fury that I was too embarrassed to report anything, for fear of having done something monumentally stupid, lol.

Part-way through, I noticed that if the CashStopLoss is set too tight (as it was when I chose a value of 20), the very act of the EA opening all of its trades seemed to cause instant closure of the basket (probably all the initial negative trade balances exceeding the StopLoss value). Widening this limit to 100 gave some breathing space, but alas not enough.

[SteveHopwood]

I wouldn't abandon it too quickly...

Let's wait for Gary's CurrencyStrengthMA to warm-up, and that could be our better "leader"...

Sq

Ok, so just a temporary abandonment. Like losing a child in a supermarket.

Hehe, that reminds me. I needed Customer Services in one of our local sm's last week. Whilst waiting, I noticed a card on one of the machines used by the staff. It was headead, "What to do with a lost child that nobody has reported as lost." Then followed a list of instructions.

In response to my query, "Do you find many unreported lost children?" the staff member replied, "You would be amazed."