I would like to create a HGB Forward Demo thread similar to what I did with PPoS where you can see an overview of each person's demo. Please note - This is just a unordered collection of HGB myfxbook demos and not related to Trendinator's Forward Test thread. If you like your name/link to be added/removed just reply below.
I'm not running any demos myself yet. I know there are a few of you forward testing this EA, so please help me out and post your myfxbook links. I'm happy to add any of the EA variations here. My personal priority would be the new HGB. If anyone has set up a demo since Steve posted it on Saturday, please do post below.
It's now been a couple of weeks since running HGB on my small live account and so far it has pulled in a total of 762 pips.
A couple of quick observations, just like any other EA you need to pick your battles and intervene when required there is no such thing as a set and forget EA, anyone that says different is dreaming, It may have a good run for a while but at some stage it will fall off the cliff.
As we all know this EA works best when we get a good run on price and worst when price is very choppy, as i have currently found with GBP/USD which is now switched off until it makes it's mind up on direction, so just be cautious of pairs that are currently going sideways best to wait until price moves away from the chop.
Another important area to be weary of are the major support and resistance levels along with the major price levels such as the 00 and 50, just the same as manual trading, these area's generally turn into price reversal zones so if HGB is up in profit and heading towards these major area's then be ready to take the pips and run, no point giving all that profit back to the market.
Also the same if HGB opens pending orders at or near major S/R levels it's better to cancel and wait.
I would also suggest suspending HGB and close any pending orders before any MAJOR news release, as I recently experienced a major slip in price and two of my pending orders were filled way off the entry price and resulted in a couple of big losses.
I will add more information as I observe more and get more of a feel for the way HGB is loading positions, but so far I'm very impressed with HGB....
Sniper.
Last edited by Sniper on Sat Apr 11, 2015 2:45 am, edited 1 time in total.
thanks for the update sniper, keep us posted. seems like some are having success with HGB but my manually intervening and taming the beast
can i weight my $0.02 in the debate and say would it be an idea to forward test with take profits reduced from the large default of 200 pips to something like 50. this has worked for iamshakey on the daily timeframe with hgb. ive noticed quite a bit that when there is a good run and open p/l is very high, sometimes this will reduce to nothing without the pips even having been banked as tp for the trades is so far off.
It's now been a couple of weeks since running HGB on my small live account and so far it has pulled in a total of 598 pips.
A couple of quick observations, just like any other EA you need to pick your battles and intervene when required there is no such thing as a set and forget EA, anyone that says different is dreaming, It may have a good run for a while but at some stage it will fall off the cliff.
As we all know this EA works best when we get a good run on price and worst when price is very choppy, as i have currently found with GBP/USD which is now switched off until it makes it's mind up on direction, so just be cautious of pairs that are currently going sideways best to wait until price moves away from the chop.
Another important area to be weary of are the major support and resistance levels along with the major price levels such as the 00 and 50, just the same as manual trading, these area's generally turn into price reversal zones so if HGB is up in profit and heading towards these major area's then be ready to take the pips and run, no point giving all that profit back to the market.
Also the same if HGB opens pending orders at or near major S/R levels it's better to cancel and wait.
I will add more information as I observe more and get more of a feel for the way HGB is loading positions, but so far I'm very impressed with HGB....
thanks for the update sniper, keep us posted. seems like some are having success with HGB but my manually intervening and taming the beast
can i weight my $0.02 in the debate and say would it be an idea to forward test with take profits reduced from the large default of 200 pips to something like 50. this has worked for iamshakey on the daily timeframe with hgb. ive noticed quite a bit that when there is a good run and open p/l is very high, sometimes this will reduce to nothing without the pips even having been banked as tp for the trades is so far off.
Hi trader689 yes that is an option but personally I prefer to let the trailing stop do it's job and manually intervene when required, you would be kicking yourself if HGB catches a big trend and you could have bagged a ship load of pips.
