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  • in reply to: 2019 is going to be a great year #12538
    User AvatarOssaio
    Participant

    I got a new broker and started trading live on May 14th. What a volatile time to have entered the market!

    in reply to: FSB Pro Discussion #11631
    User AvatarOssaio
    Participant

    @ Roman, Some indicators have a parameter called “Signal Repeat”. This will force FSB to repeat the signal by the specified number of times after the first signal is received. I always try to keep it between 0 and 10. These are “forced signals” but they could come in handy when you have 2 indicators in  a strategy which might not line up at the same time, especially the “crosses upwards or downwards” indicators. It is a double edged sword. It could be good and bad at the same time. If “Signal Repeat” is used in a strategy, then it is advisable to confirm that it is still working properly rechecked during every future strategy optimization, since it might become invalid with changing market conditions.

     

    @ Andi, I adopt different approaches. I create different strategy for different pairs. However, I stumbled upon a strategy that works for all pairs and in multiple time frames. It uses a smaller take profit and large stop loss but the equity line is incredible. I’m cautiously testing it now and will report back later. The success of the strategy will depend on finding an honest broker with low spreads. After the issues with my current broker, I plan to find 4 other brokers next month and test the strategy on all 4 brokers at the same time for comparison.

    Although, my computer is relatively good, I opted to use VPS to test this strategy, as a precaution, since it is high frequency EA which will be running on 15 pairs and on M30, H1 and H4 timeframes. Lot size is between 0.01 and 0.05.

     

    FSB Indicator Signal Repeat

     

    in reply to: FSB Pro Discussion #11474
    User AvatarOssaio
    Participant

    Also I started playing with signal repeat and sometimes it is a beauty. It definitely improves the statistics for most strategies. Care is needed though, else it will do more damage than good. It often works well for backtest but you may not guarantee it’s behaviour realtime with changing market conditions. I have a good understanding of what I want the signal repeat to achieve whenever I use it, in that case I avoid randomly plugging in some numbers.

    in reply to: FSB Pro Discussion #11472
    User AvatarOssaio
    Participant

    @ Andi, interesting to see that you are doing the same too. I’m using several logical groups both in the opening and closing conditions for some strategies. The only thing to note is that the EAs become too large and if you place them (like I usually do) on several currency pairs and multi timeframes then you will require a premium VPS to handle the load on MT4.

    Simple EAs often work, I only use the complex ones to achieve specific objectives.

    in reply to: 2019 is going to be a great year #11360
    User AvatarOssaio
    Participant

    Thanks Petko. I’ve already raised the question with him and he asked about the details of the previous trades before the higher lot issues. I’m yet to hear from him. This was before I discovered that stop losses and take profits were also being changed. I think I’ll open accounts with 2 or more brokers and compare them at the same time.

    I agree Richard, my strategies require tight spreads, so that will be a major factor for me. I’ll shop around and see how it goes.

    in reply to: 2019 is going to be a great year #11355
    User AvatarOssaio
    Participant

    Just digging more about Global Prime, it seems the biggest risk with them is client’s fund protection in the event of insolvency.

    FCA regulated brokers may be good for peace of mind. Whichever case, it’s good to trade with an amount we can afford to lose and to withdraw profits constantly. I’m still reviewing several brokers. Suggestions are welcome.

    in reply to: 2019 is going to be a great year #11346
    User AvatarOssaio
    Participant

    Hi Haliffa, this is actually Pepperstone and I never expected this from them. My EAs were trading very frequently and at some point had 87% win rate. I immediately closed out most of the open positions at a loss when I discovered the dodgy activities. I contacted my account manager when I first saw the higher lot size issue last week and he said they had nothing to do with it. I sent him another email yesterday after I discovered the issues with take profits and stop losses and he has not responded yet. Maybe he has gone on Easter break. I’m surprised a broker will change a 27 pips take profit to 0.9 pips and increase stop loss from 90 pips to 175 pips. They don’t do this in every trade, so you may never know whether they’ve done it to you until you download your account history and check them in Excel.

    I’m checking JFD and Dukascopy. But I’m leaning towards Global Prime in Australia. They seem to have very good reviews although their spreads are not the tightest. I don’t know if anyone has had experience with Global Prime.

    in reply to: 2019 is going to be a great year #11341
    User AvatarOssaio
    Participant

    Yes the broker has ASIC and FCA regulation. It is actually an Australian broker with office in London which you have used in the past and some people here still use them. They are supposed to be good and I’m surprised to experience this kind of behaviour. I went to Forex Peace Army for reviews and some people have similar complaints against this broker also. Sometimes, you may never know what your broker is doing until you download your full account history and recheck the lot sizes, take profits and stop losses. It is difficult to identify dodgy practices by just looking at the screen.

    I don’t know which broker to use now. Every other broker I’ve seen has both negative and positive reviews. I saw another Australian broker who is not regulated by FCA but has the highest rating in Forex Peace Army. I may try them and see how it goes. They offer 1:100 leverage, so I can open an account with 1k or 1.5k. That will be a manageable risk for me. I’m still on the lookout for Europe based brokers and will welcome suggestions from anyone.

     

    in reply to: 2019 is going to be a great year #11318
    User AvatarOssaio
    Participant

    Sorry guys for my many posts. I just downloaded my trading history to a visualization software and discovered that the problem was more widespread. Some of the stop loss is up to 175 pips instead of 90 pips in the EA.

    Although I made money because my EAs have high win rate but it’s just a matter of time and my account will blown up if I continue with these guys. It’s good I’m learning this in my very first week of going live. Trading is very tricky, traders must keep an eye on everything, else it will go horribly wrong.

    in reply to: 2019 is going to be a great year #11315
    User AvatarOssaio
    Participant

    I’m just discovering more problems with my trades. I don’t think I trust this broker any more. I started trading last week with high frequency EAs and have made over 2500 pips in less than 7 full days of trading. I’m trading between 0.01 and 0.05 lots per order. The first 5 days were generally okay until I spotted the first trade with 0.10 lot size. That was an alarm bell for me. It is very difficult to follow all the trades when there are so many open trades in several pairs.

    What I just observed now is even more shocking. For an EA which has a 27 pips take profit. A position was opened for 4 pips take profit. Another EA which has 89 pips stop loss was opened for 107 pips stop loss. I’m very sad considering the amount of work I’ve put in with this broker already. I need to find another reliable broker before I lose all my funds and the thought of starting all over is disturbing…..

    in reply to: 2019 is going to be a great year #11314
    User AvatarOssaio
    Participant

    Thanks for the suggestion. The broker denied involvement. The lots are also correct. I check the lots again in the input window while attaching them to the MT4 charts.

    I guess I will follow your advice and set everything up again. I was planning to upgrade my current VPS but I might as well get a new one and reconfigure everything from the beginning. The EAs are high frequency and contain several logical groups. With so many open trades at the same time, I believe a more powerful VPS may help with opening and closing trades in general.

    in reply to: 2019 is going to be a great year #11311
    User AvatarOssaio
    Participant

    Thanks Andi. I’m using 2 MT4 platforms all in one VPS. Each EA is placed on a single chart. I don’t trade from any other computer.

    Just going through my account history, I discovered that it has happened 5 times in the past 1 week with AUDCAD, EURAUD, EURNZD, GBPAUD and GBPJPY. I only discovered because I was inspecting all the trades. I don’t know where this could be coming from.

    in reply to: 2019 is going to be a great year #11301
    User AvatarOssaio
    Participant

    I’ve decided to go live after 5 long months of reading books and blogs, watching Petko’s courses and generating lots of strategies in FSB Pro. I finally settled for a strategy that works in most currency pairs and have been trading for about 1 week now. Very interesting results so far. I’ll wait for few more weeks before posting an FX Blue result. Hopefully 2019 will be a good year for everyone.

    I noticed however that some of my EA’s randomly open trades with double the entry lot size. This has now happened for 2 currency pairs (GBPJPY and EURAUD) within 1 week of trading. For example, the EAs are setup to open 0.05 entry lot and add 0.01 lot with a max 0.07 lot. GBPJPY opened one trade for 0.10 lot and EURUAD opened one for 0.11 lot. I complained to the broker to check if anything is happening on their server end and they responded that they don’t interfere with clients trading in anyway that they trade the instructions/signals provided. I’ve checked the EA and everything is fine. So, I’m not sure what is going on. Has anyone experienced this kind of issue before?

    in reply to: What Acceptence Criteria do you guys use? #10798
    User AvatarOssaio
    Participant

    Good point Andi, I observed that my win/loss ratio is only high (>0.75) when SL is very close to or bigger than TP. Sometimes, those strategies with SL 2 times bigger than TP can give very nice equity line but it will require a lot of wins to recover one negative trade.

    in reply to: How many EAs and Lot Size in one account #10796
    User AvatarOssaio
    Participant

    Hi Andi,

    By major pairs, are you referring to EURUSD, USDJPY, GBPUSD and USDCHF? Are you trading only these 4 pairs?

    I’m still on demo account and I started with minor/cross pairs like EURJPY, EURGBP, GBPCHF and EURAUD. I plan to start looking at few major pairs soon. It will be nice to know which currency pairs have delivered most profit to experienced members of the forum. Thanks.

Viewing 15 posts - 1 through 15 (of 45 total)
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