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Thread: Euro-Blaster

  1. #51

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    Well, it only took one day to hit the 200 stop. And on that note, I'm done with this EA. But, best of luck to everyone who continue to run EB.

  2. #52
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    200 is not the recommended Stop Loss - it's 350. Change it to 350 and see what happens.

    How many days were you testing/trading it?

  3. #53

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    I've been running EB since May 14 2009, version 1 & 2.

    Thanks for the suggestion. But, I simply can't run an EA with a stop that high. I've already learned the hard way with manual trading and a couple other robots in live accounts, plus numerous other robots in demo accounts. EB is simply not stringent enough in it's trades. It's not a matter of if, but when it's going to hit that 350 stop (times 5 open trades = 1750 pip loss). However, I don't wish that on any of you. To sum it up, I could never trust this robot on anything other than a mini\micro account.

  4. #54

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    Just as a demo of how dangerous this robot is... those 5 trades are all now down 250 pips.
    Still within stoploss, but hitting stopless would margin my account for sure.

    This bot needs to be turned off before US non-farm payrolls, or days with a slew of economic data. Actually some of my other bots all had a bad day today, because of the data releases.

  5. #55
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    Quote Originally Posted by Neo-Rio View Post
    Just as a demo of how dangerous this robot is... those 5 trades are all now down 250 pips.
    Still within stoploss, but hitting stopless would margin my account for sure.

    This bot needs to be turned off before US non-farm payrolls, or days with a slew of economic data. Actually some of my other bots all had a bad day today, because of the data releases.
    I couldn't have said it better myself. Biggest loss for me this week came from EB, and I also used SL 200. Couldn't imagine a 350 SL, and get hit. Risk mgt is loose for this bot.

    Andy

  6. #56
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    There is no such thing as a total hands off EA. All EAs require supervision and management by the trader, to avoid these kinds of problems.

    I traded 5 pairs with EB this week... eur/usd, gbp/usd, aud/usd, eur/jpy, aud/jpy - all with SL = 350 - never came close. I only had 2 very small self induced losses on eur/jpy, which eventually went on to profit. Otherwise all trades were winners, for a weekly ROI of 28.67%.

    The key is to know when to turn the EA on/off. Everyone has their favorite indicators - I use an RSI 3 on 4H and 8H charts, as well as other proprietary indicators. Most big turnarounds occur at or near the major market opens, especially the NY market, followed by the London market and then Asian market.

  7. #57

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    Quote Originally Posted by Mac109 View Post
    I traded 5 pairs with EB this week... eur/usd, gbp/usd, aud/usd, eur/jpy, aud/jpy - all with SL = 350 - never came close. I only had 2 very small self induced losses on eur/jpy, which eventually went on to profit. Otherwise all trades were winners, for a weekly ROI of 28.67%.
    Wait... you're trading EB on other pairs? Is that even a smart thing to do?

  8. #58
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    Wait... you're trading EB on other pairs? Is that even a smart thing to do?
    Reply With Quote
    I've been forward testing 11 pairs for several weeks on 4 demo accounts, so I have some basis for doing it on my live account. There are a few other associates who've been doing the same thing, so we know what's working and what isn't. The results speak for themselves.

    Try it on a demo account and see for yourself.
    Last edited by Mac109; 07-05-2009 at 05:53.

  9. #59

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    Ah $%^& it...

    I'm pulling out my Euroblaster on my live account. It set 5 trades in motion aiming for 1.4200 and now the spot has slid, and is continuing to slide all the way down to 1.3900 and beyond.

    Once it broke the pair's wedge formation I pulled out to prevent it margining my account. Fortunately I pulled it not a moment too soon, just as the market noticed the slip out of the wedge and I saved it from marching further down into wipe-out land.
    This is going to wipe a month's worth of profit off my account... but is much better than wiping my account out completely. I might have let the SL stay down at 350 if the sentiment looked like retracing, but it seems that the USD is heading down in the short term.

    Lesson here is to ensure that there are no trades open heading into US NFP reports (preferably shutting down the EA a while day or two days before.). What bugged me about the NFP was that US unemployment is up, yet the dollar gains in strength due to its reserve currency status. Go figure... sure, it may swing back to the 1.4000s eventually, but by that time the 350 stop loss would have blown.

    The other thing is to be careful with the aggressive presets. The basic and conservative presets should be favoured, because the aggressive one really can give you a wipe-out like I just got. On the backtests, basic and conservative survive trades which would have otherwise wiped out an aggressive preset.
    Last edited by Neo-Rio; 07-06-2009 at 10:30.

  10. #60
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    Here are my results for 6.15 - 7.3 - 3 weeks

    Alpari US...


    aud/jpy - 7 W - 0 L
    cad/jpy - 8 W - 0 L
    chf/jpy - 2 W - 0 L
    eur/chf - 6 W - 0 L
    eur/jpy - 23 W - 0 L
    eur/usd - 16 W - 0 L
    gbp/chf - 7 W - 0 L
    gbp/jpy - 10 W - 1 L
    gbp/usd - 14 W - 4 L
    usd/cad - 9 W - 0 L
    usd/chf - 13 W - 0 L



    FXDD...

    aud/jpy - 24 W - 2 L
    aud/usd - 9 W - 0 L
    cad/jpy - 6 W - 0 L
    chf/jpy - 5 W - 0 L
    eur/chf - 6 W - 0 L
    eur/gbp - 6 W - 0 L
    eur/jpy - 33 W - 1 L
    eur/usd - 10 W - 0 L
    gbp/chf - 23 W - 1 L
    gbp/jpy - 37 W - 2 L
    gbp/usd - 21 W - 4 L
    nzd/jpy - 2 W - 0 L
    nzd/usd - 6 W - 0 L
    usd/cad - 10 W - 2 L
    usd/chf - 7 W - 0 L
    usd/jpy - 7 W - 0 L
    Last edited by Mac109; 07-06-2009 at 15:48.

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