Wavegarrick » Wed Mar 29, 2017 6:02 am wrote:Hi Guys,

Yesterday I received a couple of Pm's from traders showing me their drawdowns on my set file. Heck, one guy even loaded the Ea onto 18 pairs and showed me his drawdown of 1000 pips Why, why, why I ask myself, when I repeatedly mentioned that I concentrate mostly on the majors and do not load the ea on more than 3 pairs at a time. You would want to trade this Ea the way you would on your live account and if you don't abide by this rule, you are surely signing your own death wish...

As the ea should have 5 trades at most and with 3 pairs it is obvious that you could have 15 trades open at any given time. That already is alot of trades. Can you handle that on your live account? you should ask yourself.

Generally the ea will close losers around 25 pips. 15 x 25 = 375 pips. Can you handle that on your live account? you should ask yourself.

Importantly, as some of you may have noticed. Generally across the board, pairs opened the week with opening Gaps. Now, there is a forsaken forex rule that these gaps will be filled at some point and low and behold this happened yesterday in the New York session and it took less than 2 days to fill these gaps. Was it wise to have Ea's running in this time? I think not.

Just yesterday I was looking at EurUsd and GbpUsd where we had a juicy pullback with Trend buy arrows on the 1hr time frame. Was I tempted to load the Ea onto the chart? Of course. Did I do that? No.

I am not saying that we are having trend reversals, but the possibilities are there. Most ea's do not perform well with swing reversals and the idea for me is to get out before it is too late by taking my losses.And of course it is not easy to predict reversals. When we get back into a consistant trend rythm I will load the ea's again.

Lastly, it is the second last day of the month and we could see volatile days ahead.

Have a great Day.

Cheers
Leon

TraderJoeForex » Wed Mar 29, 2017 11:08 am wrote:
With the above money management my tests are currently working better without Buy Low/Sell High or Sixths which is interesting so I have gone back to just D1 CSS as the directional filter in this set.

If we could chuck an EA and/or set file you offer up on a chart or charts and watch it take us to the promised land I am sure as hell you wouldn't be sitting here telling us all about it.

Having said that it is incumbant on us all to test out the infinite variations as the holy grail may be hidden in there.....you just have to find it.

An EA can have us trade without fear but that does not = recklessness. You are still in control.

SteveHopwood » Wed Mar 29, 2017 1:51 pm wrote:The latest version of the core library is in post 1 of the shell thread at http://www.stevehopwoodforex.com/phpBB3 ... =87&t=5077.

The latest version of this EA is available in post 1.

All these updates do is tidy up the bloops I introduced by adding a new input to HGBnDnSSnFB and the way the inputs are displayed to the user. You do not need them if you are happy with what you already have.

I have also updated the user guide attached to post 1 in the http://www.stevehopwoodforex.com/phpBB3 ... 39#p145239 thread.

TraderJoeForex » Wed Mar 29, 2017 1:56 pm wrote:
Thank you for all the work you have been doing with these updates Steve. It's really appreciated and in many ways it's unbelievable how quickly we can now go from just an idea to an efficient working EA whose profits are only limited by it's users ability.