[Matt]

Hello Tsholo,

Great work and congratulations so far! I’m unable to advise you on your financial activities as I’m not a financial advisor.

MT4 or MT5 is up to you and your preferences. I like MT5 as I find it has a little better functionality.

Which EAs have you found to have the best results so far? Which tracking software are you using? FXBlue?

And how much are you willing to risk per trade? 1% is usual practice, or less to help build confidence in the robots and the process.

What do you think? Does that help you formulate a plan?

Warmly
Matt

[Matt]

Sorry to hear J Lone.

Great idea. I can put that to the developers for an update.

 

[Matt]

Hi J Lone, this might be from Signal 2. Check your comments in the closed trades tab. That should tell you. or perhaps your fxblue tracking to see the analysis for each Magic number.

[Matt]

Hi Vincenzo,

How are you?

I’m sorry, which chart are you referring to? And which lotsize? Can you provide more info please?

We usually try to stick to 1% risk per trade. Or 0.01 per $1000 accounts.

I hope this helps.

Warmly
Matt

[Matt]

Hi Jasmin, how are you?

Hopefully we can sort this out for you.

Top left of the chart, in the info box, looks like “new trades aren’t allowed until the reset hour of 0”

Perhaps you have a limiting setting in the hours of operation???

And the Top 10 data, backtests, on the day, looks very quiet, but that doesn’t seem right for gold.

Let me know how you go with the Hours of operation settings.

Warmly

Matt

[Matt]

Hi Martifu,

Ok, yes I see. I have seen the Gold Investor make many requests in a short time also, which sounds like they can see it as spamming.

Have you told them that you are indeed running your own EA on your own platform? Sent them a video, appealed their decision?

How many EAs were you running on that account? Perhaps if just 1 EA, some trades may be identical as someone else’s account, so to stop that, perhaps running another EA on that account would make other trades and not be identical to another person’s account.

I hope you get this fixed with them and you can trade with that account again as it looks like you haven’t vioilated any of their terms.

Warmly
Matt

[Matt]

Hello Ivan,

And thank you for your thoughtful questions.

I see your point regarding the reduction of the 25% DD, though the funny thing is that doing so, can also reduce the profits of the EA buy cutting the “deep” trades off too early, which would make more losses. You might be looking for a good scalping robot that’s in and out of the trades quickly. Perhaps this robot could do that, with no grid and pick the right strategy from it’s 6 options…

… That would be an interesting experiment to pursue also. Grid vs No grid on each strategy.

Perhaps another way to decrease DD would be to double Grid size from 50 to 100, meaning half as many trades. But still allowing the EA to work its magic.

Another possibility would be pick only the top performers from my fxblue history. At this time, since the restart 22/4/2024, the silver chart has a ~43 profit factor.
If you only used 5 or 6 charts, instead of 21, the DD would be less.

I hope this helps.

Let me know how you go and your thoughts on that Ivan.

Happy trading

Matt

 

[Matt]

Hi Andrew, how are you?

Have you tried backtesting with different settings?

Here’s a few you can try also:

1. Allow Buy / Sell. When you notice a trend, switch one of them off.
2. decrease max buy/sell orders to 3 or your chosen number.
3. disable grid. so you only have the 1 trade open.
4. increase min distance of the grid, so it opens less trades. ie. 100 instead of 50. Meaning it’ll open half as many trades, as the grid is bigger. or 150, depending on your trading style.

I hope that helps.

Let us know how you get on and any feedback would be great.

Happy Trading

Matt

[Matt]

ALSO, the developer and myself noticed the 20202 system was not profitable, so we’ve changed that “Signal_2” to FALSE.

Which means just 10101 and 30303 are trading.

I hope that helps.

Let me know if you’ve noticed anything different.

Trade safe.

Happy Trading.

[Matt]

As per the lot sizes gentlemen, if there’s a value above 0 in the AutoMM_ … setting, like 1, I believe that’s 1% risk. And that will override your lot size entry value.

So if you want to only trade a specified lot size, make sure AutoMM is 0.

 

[Matt]

Hi Paul4x,

I’m curious, why you’re using EurUsd, when GbpUsd and UsdJpy are recommended?

The EurUsd and GBPUsd are closely related, so makes sense that the same bot would take similar trades on those 2 currencies.

I believe the UseCustomPair setting at False is the default. Have you performed much backtesting for the EurUsd?

Or have you read the setup guide for the robot?

Let us know how you go with the TRUE CustomPair setting. If it’s better, I know I’d love to know.

 

Warmly
Matt

[Matt]

Well said Ilan, and now we have the amazing version 1.94 Gold Investor to trade with, with Daily DD and Max Equity protections to make the EA even better.

I hope you receive yours soon and you have happy trading.

Warmly
Matt

[Matt]

Hey Michael! YES!

Version 1.94 is out. Do you have your copy?

This is the settings for it. I added the 5s for 5% Daily DD and 5% for Max equity DD.

 

I hope you get yours soon. Should be available in your Forex Gold Investor account?

Warmly
Matt

[Matt]

Hello Mhd,

How are you ?

I cannot advise you of anything financially. I can share my thoughts and opinions, but as for actual trading on your accounts, that’s all up to you my friend.

So far, the Forex Gold Investor has performed very well on all our accounts, besides the recent crazy amount of losses. But with the v1.94 of Gold Investor, that should help protect accounts, and thus protect profits.

The robot comes with great default settings, I usually change the AutoMM to 1 and AutoMM_Max to 2 for both systems, and now I’m adding a 5% protection parameter.

I can suggest trialling it on a demo account until you understand it more and feel comfortable with the robot and the settings enough to switch to a live account.

Let me know if you have any questions.

I hope this helps.

And as always, happy trading :D

 

Matt

[Matt]

Hello Ociba, how are you?

Which sized account are you working with?

Have you looked at our other track records for the Cadence EA?

https://www.fxblue.com/users/15freerobots200kdemo
https://www.fxblue.com/users/3bestforexbots1klive
https://www.fxblue.com/users/darwingoldinvplusmor
https://www.fxblue.com/users/botagigridcadencedar

Make sure to search / filter by the Magic Numbers 7458, 7459 and 7460 etc as Cadence uses all of them.

I believe Nikos and myself have mainly used the default settings for the Cadence EA. on the USDCAD M15.

How much Demo testing have you accomplished?

I look forward to your response.

Warmly
Matt

[Author]

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