when the RDD states 0.29% why do you use 0.01 in your setfile? Can you explain how to multiply the lotsize to remain under 30% rdd?...is it just to multiply 0.01 enough times to equal <30%?...or is it more than that?...I guess maybe you post 0.01 for the 50:1 leverage requirement...but if the user has more leverage he can probably use more lotsize right?
I always wondered if RDD included intraday drawdown (float)?
P.S. I am curious...how long did it take you to backtest all of this! It must have taken a long time...no?
Last edited by ElectricSavant; 04-23-2011 at 04:29.
Traders...This is my take on this and I may not be correct:
Interestingly 0.01 seem to be a safe use of this presentation using multiple pairs by funyoo for smaller accounts with 1:500 leverage. If you are trading with 10K...well I guess one could use 0.1 with a 1:500 leveraged account.
I do not know if there was an intended use of correlation, but surprisingly these majors tend to offset each other slightly. It may be the use of the multiple entries the EA is calculating causing different weights and average prices. I find that a $500.00 acccount may be sufficient for 0.01...but not really sure yet. I am thinking 1K will be needed.
This multiple pair system can also be used with a "Close-All" EA for two types of closures to reset the exposure and hold down the leverage accumulated. I find that a $20.00 close-all of this 11 pair system set to trade at 0.01 on a 1:500 leverage dealer with 500 bucks seems to be ok. But I am forward testing still and do see floats as high 30%.....Interestingly there seems to be breathing room for the EA to exit each pair independently from this "Close-All" routine adding more profit along the journey to "Close-All". Evaluating as to the "why" this seems to work is very complicated and I am not sure if I can explain it. Resetting of weights and the carry attributes of 11 pair trading gets real involved. I threw in a "Close-All" on a separate EUR/USD chart just to get relief from using too much leverage...there may be more optimal settings. On Fridays I exit the "Close-All" with just 1 buck as I want to get out...
Thanks funyoo for your great ideas.
P.S. I do not know how to backtest this system the way I am forward testing it with two EA's...
Last edited by ElectricSavant; 04-29-2011 at 17:51.
I am in hopes that some of the better traders in the elite section will step up and share their own use of this EA.
See you there...
Here is a screenshot....(I am flat just now with the EA turned off for the weekend) There was a lot of arranging to do in MT4 to fit all of this. I had to customize the toolbar. Anyways...the time to set this up seems to be worth it and I hope this can be something I can go live with someday.
Last edited by ElectricSavant; 04-29-2011 at 18:03.
hi Funyoo this ea seems good in forward test so why in your myfxbook page you don't use this anymore??