[Trader Matt]

Hi Tony,

How are your trades going now?

Do you have a tracking link I can compare trades with?

Perhaps the live server has different parameters compared with the demo servers.

I don’t think I changed much, except the trading risk size is approx 3% on that account, and that’s a bit too much for challenge accounts. But on a live account, could pay off nicely.

Are you using the M30 chart? I’ve tried on different timeframes and M30 seems the best.

https://www.fxblue.com/users/happygolddemo5k
We mainly use FXBlue now. There’s another link for tracking that account. Do you prefer FXBlue or MyFXBook?

I hope that helps.

Warmly
Matt

[Trader Matt]

Ok MKFXtim.

 

Happy and safe trading.

[Trader Matt]

I’m happy to announce I’ve also started trading the other EAs in the Wallstreet Series.

• Wallstreet Domination https://www.fxblue.com/users/wallstdominationdemo
• Wallstreet Asia https://www.fxblue.com/users/wallstasia1000demo
• Wallstreet Crypto https://www.fxblue.com/users/wallstcrypto1kdemo
• Wallstreet Gold https://www.fxblue.com/users/wallstgold1000demo
• Wallstreet Recovery Pro https://www.fxblue.com/users/wallstrecovery1kdemo

  And they seem to be trading well so far.  Check them out on those links.

Below are the results at this minute on our tracking spreadsheet.

 

 

The amazing team at FX Automater are doing a great job with their robots.

Happy Trading
Matt

[Trader Matt]

Hey J, Our FD accounts have taken a fair beating aswell.

[Trader Matt]

Yes, I’m very sorry I didn’t include them. I’m not sure I can attach set files here…. There are some set files in the description of my videos about Dark Venus on YouTube. Give them an eye over to make sure you like / agree with them, do some backtesting and run them on Demo for a while to see how they go and if/when you’d like to run them on a live account.

There are different settings to enable or disable the grid management of the robots, or increase the distance between grids to make it take less trades when price is moving against the trades.

And it can still make nice profits on 0.01 lots, but they can also be large enough lotsizes to wipe out accounts too. Depending on your martingale multiplication sizing, there can be a big difference after a few multiples from 0.01 and 0.02. Times that by 9 negative and increasing trades and drawdowns, this EA can be a monster even on 0.01 lots.

Let me know if that makes sense or if you have any other questions.

Happy Trading

Matt

[Trader 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

[Trader Matt]

Sorry to hear J Lone.

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

 

[Trader 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.

[Trader 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

[Trader 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

[Trader 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

[Trader 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

 

[Trader 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

[Trader 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.

[Trader 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.

 

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