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Thread: OverFlow Trader

  1. #11

    Default awesome EA

    What 12 Pairs? When you say '12 Pairs', just wondering what 12 pairs you mean? Dumb question I know but been wondering for a while.

    this is a great EA by the way, bout time you started locking your ea files man.

    Actually, the strategy reminds me of the simple 'over/under/buy/sell' used by some in the options world.

    simply add the total numbers of buy and sell orders, divid by two, if this number is above the actual selling price, place a sell with a very short TP (or close on oposite), if the number is below, place sell. Easy.
    Last edited by hunter6; 09-12-2010 at 13:11.

  2. #12

    Default

    Hi Funyoo,

    Do you use same set file for all pairs that you are forward-testing this EA on OverFlow Trader 12 pairs H4 lots 0,1 System | Myfxbook

    The results are positive, and drawdown is really small.

    Waiting for your further information asap.

    Thanks and regards,
    James Phuc

  3. #13
    Administrator funyoo's Avatar
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    Quote Originally Posted by zaperon View Post
    Hello Funyoo,
    Do you use the same set for all 12 pairs?
    Thanks..
    Quote Originally Posted by james_phuc28 View Post
    Hi Funyoo,

    Do you use same set file for all pairs that you are forward-testing this EA on OverFlow Trader 12 pairs H4 lots 0,1 System | Myfxbook

    The results are positive, and drawdown is really small.

    Waiting for your further information asap.

    Thanks and regards,
    James Phuc
    Hi zaperon and james_phuc28,

    Yes it is the same set file.

    Quote Originally Posted by hunter6 View Post
    What 12 Pairs? When you say '12 Pairs', just wondering what 12 pairs you mean? Dumb question I know but been wondering for a while.

    this is a great EA by the way, bout time you started locking your ea files man.

    Actually, the strategy reminds me of the simple 'over/under/buy/sell' used by some in the options world.

    simply add the total numbers of buy and sell orders, divid by two, if this number is above the actual selling price, place a sell with a very short TP (or close on oposite), if the number is below, place sell. Easy.
    Hi hunter6,

    By 12 pairs, I mean the 12 "main pairs" : EURUSD, GBPUSD, USDCHF, USDJPY, EURCHF, EURGBP, AUDUSD, USDCAD, GBPCHF, GBPJY, EURJPY, EURAUD.

    In fact I had to update my myfxbook account as I am working on Instaforex now, Alpari UK was desastrous (demo accounts disabled after one week of test without any reason, real accounts with too many disconnections).

    Also, myfxbook is not working very well, after few days you need to restart the platform to get the results updated (with the mt4 publisher). The other alternative (myfxbook EA) is simply crashing the platform... I should try mt4i.

    Yes this strategy is currently generating a ton of pips (>20 000) especially with GBPJPY.

  4. #14

    Default

    Dear Funyoo.........
    What are going to do with over flow EA and 12 pair, still in doubt..........................could you detail it?????

    I refer to your wording
    "Yes this strategy is currently generating a ton of pips (>20 000) especially with GBPJPY."
    What system you are looking at.....Can you brief about it

  5. #15
    Administrator funyoo's Avatar
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    Quote Originally Posted by zalinarashid View Post
    Dear Funyoo.........
    What are going to do with over flow EA and 12 pair, still in doubt..........................could you detail it?????

    I refer to your wording
    "Yes this strategy is currently generating a ton of pips (>20 000) especially with GBPJPY."
    What system you are looking at.....Can you brief about it
    Hi zalinarashid,

    I am referring to OverFlow Trader.

    OverFlow Trader 12 pairs H4 lots 0,1 System | Myfxbook

  6. #16

    Default

    Dear Funyoo,

    If we use all 12 pairs with this EA, what is the minimum account amount that can be safe enough with leverage 1:100 or 1:200?

    On your forward-testing results on demo account, you used 10,000USD which is quite big for me.

    So, if I reduce to 1,000usd and reduce lot size from 0.1 down to 0.01 lot size, do you think it is fine ? Also, does this EA have Hedging strategy? I need to know this to select suitable brokers.

    Thanks for your advice.
    James Phuc
    James

  7. #17
    Administrator funyoo's Avatar
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    Quote Originally Posted by james_phuc28 View Post
    Dear Funyoo,

    If we use all 12 pairs with this EA, what is the minimum account amount that can be safe enough with leverage 1:100 or 1:200?

    On your forward-testing results on demo account, you used 10,000USD which is quite big for me.

    So, if I reduce to 1,000usd and reduce lot size from 0.1 down to 0.01 lot size, do you think it is fine ? Also, does this EA have Hedging strategy? I need to know this to select suitable brokers.

    Thanks for your advice.
    James Phuc
    James
    Hi james_phuc28,

    I suggest you to test the EA in the strategy tester in order to find the proper settings for the respective broker and trading conditions.

    In my test, I use 0.1 lots (0.1 lots with instaforex is equal to 0.01 lots). For an amount of 1000 USD, you should only apply the EA to 1-2 pairs. Except if 0.01 lots with your broker is equal to nanolots (0.001).

    There is no hedging strategy. You can let the EA to buy and sell at the same time if you set oppositeclose to false.

  8. #18

    Default

    Dear Funyoo,

    Thanks for your information.

    I have final questions: Under Entry Logics, I noticed Period = 40 and Shift = 1.

    + What is Period = 40, and Shift = 1?

    Do I have to change these 2 things if using this EA on different brokers? Or just keep them same for all brokers (ECN and Non-ECN Brokers)?

    And if I understand right, this EA is compatible to both 4-digit and 5-digit brokers automatically, right ?

    Waiting for your further information soon.

    Thanks a lot
    James Phuc

  9. #19

    Default

    Dear Funyoo

    Thank you for your information. Maybe I can used 12 pair for others EA also...........................Thank you for the Idea

  10. #20

    Default

    what are your top three pairs on this funyoo? the EA, when running 10 charts, keeps shutting down my meta, so maybe I'll cut back to 3 EAs?

    and man, when I booted back up, they all closed holdings, maybe were big losses, my biggest loss since I played the Donchian game, hahah. thanks for the help.

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