Stop-losses, Drawdown and profit
Running the EA with a 300 pip SL over a long period:
Due to the reduced lot size, profits were small but losses were much smaller:
Conclusion:
Better than leaving cash in the bank but not very exciting
39 2013.03.07 07:00 close 12 0.06 1.50003 1.54222 1.48433 72.17 10431.97
Running the EA with 100 pip SL, increases the lot size, the winners are bigger
and the losses are numerous
Total net profit: £28.56 (0.28%)
About same as my bank
In this particular race the snail wins while the hair runs hard and fast but keeps falling into potholes!
Now this is just one pair, but theres quite a bit of correlation between pairs
How many pairs can be trading at the same time without correlation?
Or what if we can tune each pair and find 30 uncorrelated instruments to trade, then we would be quids in.
In fact if we could find 10 unrelated instruments of similar liquidity
10431 would rise to 14310
For a slow and steady growth pension plan this looks fantastic
Areas for optimisation
1) individual pair parameters
2) find the optimum stoploss
3) switch from real pending orders to stealth pending orders - adjust the entry price of the stealth pending orders according to better understanding of the current pull back - convert to real pending orders or instant orders at better entry points.
When the price crosses a virtual pending order price: check candles on TF(t) to confirm the breakout, if this works we can have smaller stop-losses and bigger lot sizes!
4) Better trailing profit management, per pair. Using higher time frame information know the end of the range (there is no such thing as a trend
)5) Better entry methods: multi-lot entry/scaling out, individual pair options.
Although, like others I was close to moving on to a fast and furious EA,
This snail can be turbo charged
