Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => EA's (automated systems), and associated items (VPS, support/questions) => Topic started by: Mr Hector on July 16, 2010, 02:05:29 PM

Title: Easy Forex (ezefx.com)
Post by: Mr Hector on July 16, 2010, 02:05:29 PM
Having read a few posts by someone I presume is from Easy Forex in other threads and doing a search here, I couldn't find anything about it.  So I'm asking if anyone has tried them, heard of them, or if the developer(s) could give me more info. (if it is an EA that is?  can't really be certain form the website)

Website looks down to earth and 'honest'.

Don't know if you're allowed to post web links, but I'm sure donna will remove it if not:

http://www.ezefx.com/
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 16, 2010, 04:28:08 PM
Thank you for the post Julian. It's been a struggle getting to this point I must admit. But if the thread is still here in a week's time hopefully it will be here to stay.

I am the developer of the EAs for the EzeFX site. The first commercial EzeFX EA was modified from another commercial EA by agreement with the original developers but this proved to be not as successful as we would have liked. So I decided to write a completely new EA from scratch. This had a number of advantages including:-
1. I understood all the code, making user and coding problems easier to solve.
2. We did not have to pay royalties to the original developers, so the software prices could be reduced where appropriate.

I have been programming for more than 45 years and decided to program EAs because I liked the idea of my software benefiting me directly rather than someone else. Also because I will never be able to trade manually and EAs are, for people like me, the perfect solution.

Our current EA is EZE008 which is finishing beta testing this weekend. We are introducing new pricing which will allow EzeFX members to download and run EZE008 free. Bear in mind that EzeFX is a subscription site so there is a small monthly fee. This pays for support, updates etc.

So if EZE008 is a good and profitable EA, why will it be free to members? Because I've developed EZE016.

Most criticisms of EZE008 are that it is "slow" and "boring". Sorry about that. Here is a live account link.

http://999cjb.mt4stats.com (http://999cjb.mt4stats.com)

This runs on 10% risk and the account balance is now $446. So, all being well, about 37% annual profit. This is one currency pair at low risk. If this is too boring for you, there are plenty of exciting EAs to be found elsewhere. Or you could wait for EZE016. This is EZE008 on steroids but it won't be free and it won't be cheap.

EZE008 only opens new trades during a narrow time interval so just a few trades each week. EZE016 trades all the time and runs multiple trades concurrently. But it takes six weeks to fully backtest each currency pair although I'm running some live now and "living in hope".

The EzeFX website is as boring as EZE008. No videos, no startling graphics and no dubious claims.

Are you still awake? If this post is still here by the end of next week I'll post some more stuff. Meanwhile, feel free to ask any questions.
 
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 16, 2010, 04:45:39 PM
Thanks for the info!  The stats show no losses yet for the past couple of months or so, with not many trades, which I like, slow and steady wins the day.  But it doesn't tell us anything about SL level. It's all very well having all winners, but if the SL is 1000 pips...!?

Also, what is it's trading time period? (GMT) Asian scalper or other?

Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: fxbabe on July 16, 2010, 05:11:42 PM
Thanks.  Is your mt4 stats the same EA you posted on your website "...$200 to $5k in 14 months"?  If yes, then why such a big diff. in performance between 37% to roughly 2500% per annual?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 16, 2010, 05:12:01 PM
I have PMd you those details. Think perhaps it "crossed in the post!".
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 16, 2010, 05:14:39 PM
Thanks.  Is your mt4 stats the same EA you posted on your website "...$200 to $5k in 14 months"?  If yes, then why such a big diff. in performance between 37% to roughly 2500% per annual?

The website home page graph is an EZE016 backtest. I'm now running 5 live accounts on EZE016 and it's looking good. But lots more work still to do on it.
Title: Re: Easy Forex (ezefx.com)
Post by: fxbabe on July 16, 2010, 05:18:19 PM
I have PMd you those details. Think perhaps it "crossed in the post!".


I like to know what the sl is and may be it would be good to just post it here am sure other would like to know it too. 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 16, 2010, 05:24:50 PM
I have PMd you those details. Think perhaps it "crossed in the post!".


I like to know what the sl is and may be it would be good to just post it here am sure other would like to know it too. 

This account was one of the first I started for EZE008 on EURUSD. The TP is 60 and the SL is 300. I have not bothered to modify this but on other accounts I am preferring TP of 70 to 100 and SL of 250.
Title: Re: Easy Forex (ezefx.com)
Post by: forexma on July 16, 2010, 07:59:08 PM
I have PMd you those details. Think perhaps it "crossed in the post!".


I like to know what the sl is and may be it would be good to just post it here am sure other would like to know it too. 

This account was one of the first I started for EZE008 on EURUSD. The TP is 60 and the SL is 300. I have not bothered to modify this but on other accounts I am preferring TP of 70 to 100 and SL of 250.


Very strange settings because largest profit in pips is 30 and many trades close in 1-10 pips profit and only 5 trades hit their 30 pips TP(which you say is 60). With SL of 300 it's a very poor RR ratio and it's only a matter of time a disaster to happen.

I'm allways worried about accounts w/o losses, sooner or later they suffer HUGE losses.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 16, 2010, 08:22:57 PM
The reults look good and slow/steady is fine by me


"This account was one of the first I started for EZE008 on EURUSD. The TP is 60 and the SL is 300. I have not bothered to modify this but on other accounts I am preferring TP of 70 to 100 and SL of 250."

Any chance you could post a link to a live forward test with an account setup to TP 70-100 and SL 250
There are plenty EA's available with a high strike rate and a risk ratio 6:1 such as Euroblaster which trades much more frequently so can you also post some long term backtests with both settings to see how often the SL'S are hit.
Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 16, 2010, 11:21:38 PM
I'll give you some facts to chew on.

I am running 38 EZE008 EAs on 18 live accounts. In the last seven weeks I have made 1,933 pips. This includes a few stop losses. I have made another 297 pips in the last 3 weeks building up to 5 EZE016 EAs. All these results include a number of experimental pairs and settings on EZE008 while all the EZE016 are experimental.

If you get a stop loss on EZE008 it can take 2 months to recover your account balance. I do not recommend any EZE008 settings unless I can backtest with less than 3 stop losses over the past year. Most EZE008 backtests run the past year with no stop losses.

In the past I have run a number of commercial EAs which I purchased. My experiences with these have been pretty dire so I don't run them any more. I do run Fapturbo scalper on 5 live broker accounts using currency pairs and settings which still give positive results.

I use a low initial trailing stop setting which explains why many of my trades stop out with low take profit values. But I am happy with this. Customers wishing to take more risks in search of larger take profits are welcome to up the trailing stop value or remove it entirely.

Due to the varied mix of EAs I run on most of my live accounts, it would be misleading to publish more results but I'll see what I can do. Full backtests are available on the EzeFX member site together with .set files.

If you are tempted, please do not sign up to the member site yet. I am working on a free offer to DF members once I have evaluated the beta test results. Beta tests are closing early today.
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 17, 2010, 03:25:07 AM
thanks 999, looking forward for the freebie

cheers
Title: Re: Easy Forex (ezefx.com)
Post by: jeffstar on July 17, 2010, 05:40:23 AM
Hi.  Nice web site. I read it in its entirety. Straight forward and enjoyable reading.  I like the picture of the 'Robot Knights of the round money table' trading forex on their laptops.  I'll wait to sign up as you requested. I'm looking forward to your offer.  Thanks.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 17, 2010, 08:15:58 AM
Hi.  Nice web site. I read it in its entirety. Straight forward and enjoyable reading.  I like the picture of the 'Robot Knights of the round money table' trading forex on their laptops.  I'll wait to sign up as you requested. I'm looking forward to your offer.  Thanks.  :)

Thank you so much for this. Comparing my work with the usual "produced by MindBogglingWebGrahpics" efforts makes me feel even older than I am.

Compliments rarely received are appreciated even more.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 17, 2010, 11:56:55 AM
999cjb

Will wait on the offer,

Just one criticism, All these E numbers are a bit confusing
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 17, 2010, 12:26:54 PM
The reults look good and slow/steady is fine by me


"This account was one of the first I started for EZE008 on EURUSD. The TP is 60 and the SL is 300. I have not bothered to modify this but on other accounts I am preferring TP of 70 to 100 and SL of 250."

Any chance you could post a link to a live forward test with an account setup to TP 70-100 and SL 250
There are plenty EA's available with a high strike rate and a risk ratio 6:1 such as Euroblaster which trades much more frequently so can you also post some long term backtests with both settings to see how often the SL'S are hit.
Thanks


I have set up another link at http://999cjb.mt4live.com/ (http://999cjb.mt4live.com/) which is a micro account running 4 x EZE008. Pairs are EURCHF (TP=90 SL=250) EURUSD (TP=70 SL=250) CHFJPY (TP=90 SL=210) & EURJPY (TP=90 SL=250). Equity curve looks odd because I put another deposit in. You will see when I did this by the increase in lot sizes.

There is one small loss in May because I was on holiday for the week and wanted to close the hanging trade. It would have finished in profit otherwise.

Title: Re: Easy Forex (ezefx.com)
Post by: SandyW on July 17, 2010, 01:11:00 PM
Hi 999cjb,

Wasn't too impressed at first but now you are getting my attention!  Would be keen to sign up when you give the word.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 17, 2010, 09:14:34 PM
Hey 999, what broker are you using, very impressive. How well do you think it would trade with Forex.com/uk
Do you foresee your membership ever going up?
Do you have free lifetime updates?
Can the TP and SL be set manually?
Is this ea compatible with other ea's running on the same account?

If i join now and start running 008 will the upgrade to 016 be free for members?

You also have got my attention:
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 17, 2010, 09:35:39 PM
The reults look good and slow/steady is fine by me


"This account was one of the first I started for EZE008 on EURUSD. The TP is 60 and the SL is 300. I have not bothered to modify this but on other accounts I am preferring TP of 70 to 100 and SL of 250."

Any chance you could post a link to a live forward test with an account setup to TP 70-100 and SL 250
There are plenty EA's available with a high strike rate and a risk ratio 6:1 such as Euroblaster which trades much more frequently so can you also post some long term backtests with both settings to see how often the SL'S are hit.
Thanks


I have set up another link at http://999cjb.mt4live.com/ (http://999cjb.mt4live.com/) which is a micro account running 4 x EZE008. Pairs are EURCHF (TP=90 SL=250) EURUSD (TP=70 SL=250) CHFJPY (TP=90 SL=210) & EURJPY (TP=90 SL=250). Equity curve looks odd because I put another deposit in. You will see when I did this by the increase in lot sizes.

There is one small loss in May because I was on holiday for the week and wanted to close the hanging trade. It would have finished in profit otherwise.



Now that looks promising
Title: Re: Easy Forex (ezefx.com)
Post by: Chip4Pips on July 18, 2010, 03:49:49 AM
You have my full attention, as well.

Excellent multi-currency results. Looking forward to more details.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 18, 2010, 07:55:08 AM
Hey 999, what broker are you using, very impressive. How well do you think it would trade with Forex.com/uk
Do you foresee your membership ever going up?
Do you have free lifetime updates?
Can the TP and SL be set manually?
Is this ea compatible with other ea's running on the same account?

If i join now and start running 008 will the upgrade to 016 be free for members?

You also have got my attention:
CAJUN

I use 18 live broker accounts for EZE008 and am up to 5 live accounts for EZE016. These run with my own money as I will not sell a product which does not work for me. We have withdrawn our previous product (EZE007) as it was not profitable enough although I still run 2 EZE007 EAs.

Forex.com is the broker used for my mt4stats account.

Membership. The price will not go up in the forseeable future. We hope to increase the number of members substantially by being truthful, straightforward and helpful while working hard to improve the quality and effectiveness of our EAs. We have the staff and software ready to handle membership increases.

Once you have purchased an EzeFX EA (even any free EAs offered) it will be supported for as long as necessary.

EZE008 has about 40 user configurable settings, all of which are detailed in the manual. These include TP and SL.

EZE008 controls its trades by magic number and should not affect other well behaved EAs on the same account. I run EZE008 with Fapturbo with no problems. EZE016 uses up to 18 magic numbers and is also running with Fapturbo.

You can join now for an initial payment but if you wait for our offer, an initial payment may not be necessary. EZE016 will not be free for members. Although originally based on EZE008, it is being developed separately and is already very powerful.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 18, 2010, 10:01:44 AM
Thanks 999, very well explained. Will you notify us on this thread when the 016 and your offer will be available? Do you have a set date for the launch of 016?
I also run FT, that is why i had concerns of running on the same account, i did not want to open another account.

Oh, one more question? Do you give Senior Citizen discounts?  ;D

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 18, 2010, 10:07:42 AM
Thanks 999, very well explained. Will you notify us on this thread when the 016 and your offer will be available? Do you have a set date for the launch of 016?
I also run FT, that is why i had concerns of running on the same account, i did not want to open another account.

CAJUN

Yes. When the offer is online I'll post here. EZE016 will go on sale when we have at least one currency pair that runs to our satisfaction. EZE EAs will only be available to EzeFX members.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 18, 2010, 10:13:02 AM
999cjb

Will wait on the offer,

Just one criticism, All these E numbers are a bit confusing

My first EA was EZE001. As I developed each new EA I just added 1. I prefer numbers to letters. My first programs were written in binary, then progress enabled us to use octal. I remember a command "20000000000636" which meant go to location 636. Those were the days!  :)
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 19, 2010, 05:47:02 AM
999cjb

Will wait on the offer,

Just one criticism, All these E numbers are a bit confusing

My first EA was EZE001. As I developed each new EA I just added 1. I prefer numbers to letters. My first programs were written in binary, then progress enabled us to use octal. I remember a command "20000000000636" which meant go to location 636. Those were the days!  :)

it could have been very difficult if you are using the "assembly" language

anyway, will wait patiently for the offer and pretty impressive stats
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 19, 2010, 12:27:38 PM
I'm glad I brought this one to everyone's attention.  Like I said in the first post, seems very honest and down to earth.  I've never seen a vendor give a completely free trial before to evaluate the product.

Looking forward to the trial 999.  Thanks.

What are the trading hours of the EA?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 19, 2010, 12:51:36 PM
I'm glad I brought this one to everyone's attention.  Like I said in the first post, seems very honest and down to earth.  I've never seen a vendor give a completely free trial before to evaluate the product.

Looking forward to the trial 999.  Thanks.

What are the trading hours of the EA?

We are looking at setting up the offer to DF members now. This will be by way of a coupon code. But because of the way the software works for subscriptions, it may not be possible for the first month to be completely free. You may have to pay $1 to get started. As part of the offer, you will be able to get all your subscription money back for up to 60 days after joining if you do not want to continue with EzeFX.

Our recommended EZE008 settings start from 15:00 GMT and end by 20:00 GMT. But these settings are controlled by the user. EZE016 trades around the clock.

While EZE008 will be free to EzeFX members, please do not join expecting to get EZE016 free as there will be a charge which is not yet finalised.

Also, we are having backtesting problems with EZE016 in that when running "full bore" with between 6 and 18 concurrent trades, profitability drops. We think this is because the time taken to process the code in these circumstances may exceed one tick and this can lead to some ticks being missed. If fixing this requires a partial code rewrite, it will delay the EZE016 release date. 
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 19, 2010, 01:09:28 PM
well $1 is not bad either for a start, let's keep the ball rolling then triple 9...
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 19, 2010, 03:58:37 PM
15 - 20 GMT suits my trading perfectly. 

What is the maximum open trades EZE008 can have at any one time?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 19, 2010, 04:09:01 PM
15 - 20 GMT suits my trading perfectly. 

What is the maximum open trades EZE008 can have at any one time?

One trade at a time. I often run 4 or more different currency pairs with EZE008 on one broker though. But it's your choice.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 19, 2010, 07:05:29 PM
15 - 20 GMT suits my trading perfectly.  

What is the maximum open trades EZE008 can have at any one time?

One trade at a time. I often run 4 or more different currency pairs with EZE008 on one broker though. But it's your choice.


Sorry. That's not quite correct. Some beta test versions of EZE008 do have provision to take up to two trades although the older version I use for my live accounts does not. I have a beta version on a test account though and the second trade facility is working. We are not decided whether to include the second trade provision in the retail version.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 20, 2010, 11:08:38 AM
Maybe you could give the option of either, some like to trade one at a time and some seems to like to trade more at a time.
Myself i like to trade one at a time, doubling your lot size would probably come out to the same as trading more than one. I will do this at times if i see a trend going on.
Just my opinion!  ;)

Good Luck
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 20, 2010, 12:56:20 PM
hi triple 9, when can we have a copy of EZE008?  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 20, 2010, 05:15:33 PM
The EzeFX limited offer is now available to members of this forum.

The standard EzeFX subscription is $25 monthly with no refunds. The offer provides a discount voucher reducing the first month subscription to $1 which is as near to free as we can get.

We are also offering a full refund of all monies paid (up to $26) to members wishing to cancel within 60 days of joining. All we ask is that you tell us why you have found the experience unsatisfactory. This is to help us do better in the future.

If you wish to take advantage of this offer, please PM me or use the Contact tab on the ezefx.com main website, providing your forum username and your preferred email address.

We start emailing voucher codes and details tomorrow 21st July.

I hope the forum moderators find this post acceptable.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 20, 2010, 05:47:06 PM
Thank you 999, just sent my email from your site. Looking forward to putting it to work.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 20, 2010, 10:36:45 PM
thanks 999, just PMed you.
tia cheers
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 20, 2010, 11:28:46 PM
Pm sent

Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: hawkfx on July 21, 2010, 05:13:36 AM
I also sent a PM

Cheers :)
Title: Re: Easy Forex (ezefx.com)
Post by: Jake on July 21, 2010, 07:18:17 AM
I have sent a PM also.  Cheers.
Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 21, 2010, 07:29:54 AM
PM sent.

Thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 21, 2010, 09:47:58 AM
Hey 999, could you tell us what time today the coupons will be sent out as some of us may be at work and will not be able to activate until this evening.

Thanks,
CAJUN

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 21, 2010, 09:51:01 AM
They should start going out at 0900GMT. Just finished testing the coupon procedure.
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 21, 2010, 10:18:01 AM
that would be any moment from now, cant wait
Title: Re: Easy Forex (ezefx.com)
Post by: austinvm on July 21, 2010, 10:58:29 AM
PM Sent
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 21, 2010, 11:04:49 AM
They should start going out at 0900GMT. Just finished testing the coupon procedure.


thanks 999.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 21, 2010, 11:48:28 AM
OK off and running on the EURUSD with the settings taken from the website.

When do you think other pair settings will be available 999 ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 21, 2010, 12:22:30 PM
OK off and running on the EURUSD with the settings taken from the website.

When do you think other pair settings will be available 999 ?

Yes, I've been waiting for this one.  :)  The latest live version 311 software has only just been released so we are re-backtesting all currency pairs one by one. We hope to have at least one more pair available by the weekend with more following shortly afterwards. It would be so easy to release settings for other pairs on the basis that they worked for previous versions but we would not feel comfortable running these on our live accounts so could not recommend this option to anyone else.
Title: Re: Easy Forex (ezefx.com)
Post by: Chip4Pips on July 21, 2010, 06:29:19 PM
Does the EA understand the difference between 4-digit and 5-digit brokers?
Title: Re: Easy Forex (ezefx.com)
Post by: mpetersrx7 on July 21, 2010, 06:31:40 PM
999cbj,
Does EzeFx naturally support 5-digit brokers or do we need to manually multilply TP,SL,TS,spread,e tc by 10 to get the correct calculations?  Reason I ask is the Spread indicator printed on the screen indicates my spread is 13 when it is actually 1.3 while max spread says 5.

Thanks,
Mark
Title: Re: Easy Forex (ezefx.com)
Post by: Chip4Pips on July 21, 2010, 06:34:23 PM
999cbj,
Does EzeFx naturally support 5-digit brokers or do we need to manually multilply TP,SL,TS,spread,e tc by 10 to get the correct calculations?  Reason I ask is the Spread indicator printed on the screen indicates my spread is 13 when it is actually 1.3 while max spread says 5.

Thanks,
Mark

Same exact thing I noticed. Also, the EA wouldn't generate trades in Alpari/UK backtest, a 5-digit broker.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 21, 2010, 06:55:02 PM
It states on the site next to the settings that you need to add a o for five digit


999 no hurry for other pairs,take your time testing ,we want the best performance and that takes time.
Title: Re: Easy Forex (ezefx.com)
Post by: Chip4Pips on July 21, 2010, 07:04:32 PM
It states on the site next to the settings that you need to add a o for five digit


Didn't read that in the manual. Might be worthwhile to include there, as well.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 21, 2010, 07:13:44 PM
Chips

it's on the website underneath the settings
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 21, 2010, 07:40:19 PM
I'd better mention here that we have a problem if your broker account code is longer than 9 digits.

We are working on a fix for this and it should be ready tomorrow.

All problems found, even if only inconveniences, are being listed for attention in an updated release.

Thank you all for your support so far.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 21, 2010, 08:56:56 PM
First trade open, a buy EURUSD (Alpari UK) @ 1.27810

wonder if it was an adr/dtr that triggered the buy
Title: Re: Easy Forex (ezefx.com)
Post by: Jake on July 21, 2010, 11:22:41 PM
Hi, triple 9,

Two small items that would make your EA more consumer friendly.  First, I think that the consumer should be able to change the broker that the EA is applied to as they wish.  They have bought the EA;  if the EA is not working well with a particular broker, they should be able to shift it.  Some vendors have managed to make this an easy to operate website member feature, requiring no extra effort from the vendor, e.g. Forex Photon.

Secondly, I don't know how easy it is, but several vendors now have EAs that adapt to either 4 or 5 place brokers themeselves. Is that possible with your EA?

Best wishes.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 22, 2010, 12:31:40 AM
999, if someone was to go and join your membership without the coupon, what version would they get for there money. Would it be this 311 version or a proven version that has been live trading.
Also, how many pairs could be traded.
Would the membership version have moneymanagement, SL and TP settings, etc.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 22, 2010, 02:17:21 AM
opened Buy as well on GoMarkets Live account @ 1.27803
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 07:24:54 AM
Hi, triple 9,

Two small items that would make your EA more consumer friendly.  First, I think that the consumer should be able to change the broker that the EA is applied to as they wish.  They have bought the EA;  if the EA is not working well with a particular broker, they should be able to shift it.  Some vendors have managed to make this an easy to operate website member feature, requiring no extra effort from the vendor, e.g. Forex Photon.

Secondly, I don't know how easy it is, but several vendors now have EAs that adapt to either 4 or 5 place brokers themeselves. Is that possible with your EA?

Best wishes.

We have broadly followed the Fapturbo model in restricting one "purchase" to one live account as they seem to be the most successful in terms of sales and restriction of piracy etc. Unlike Fapturbo, we offer one new live account keycode every three months plus a cheap keycode purchase option for those who don't want to wait. But I understand only too well how difficult it can be (or used to be, at least) to get a live account changed with Fapturbo so we will provide replacement live keycodes where a member can provide proof of account closure.

But EZE008 does not operate like Fapturbo scalper where the choice of broker can make or break your profits. The only differences in EZE008 performance from broker to broker seems to be that sometimes some brokers will not pick up a trade and others will, while at the moment five digit brokers seem not to perform quite as well as four. Even so, for various reasons, if a member feels unable to continue trading with a particular broker, the closure and replacement option is available.

The automatic detection and adjustment for three and five digit brokers is high on our list for a future release but did not make it into version 311. This is mainly due to the amount of time we have been putting into EZE016. But we are continuing development of EZE008 and will gather a wish list over the next few weeks before deciding on the next full upgrade.   
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 07:37:54 AM
999, if someone was to go and join your membership without the coupon, what version would they get for there money. Would it be this 311 version or a proven version that has been live trading.
Also, how many pairs could be traded.
Would the membership version have moneymanagement, SL and TP settings, etc.

CAJUN

All new members get the same facilities, whether with or without coupon. Older members may still be trading with EZE007 or the popular EZE008 version 305 as am I. EZE007 had 12 currency pairs on the site before being replaced and I am running version 305 with 6. But they are not all doing well in live running and we don't want to recommend anything that we would not run live ourselves with confidence.

EZE008 has many user adjustable settings which include money management, TP, SL, various TS options, two operational timescales per day and filters. The membership version is available to all members. Non members are not able to legally acquire the EA.   
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 08:56:32 AM
opened Buy as well on GoMarkets Live account @ 1.27803


Hope you're enjoying seeing the "buy profit locked in" message about now. I certainly am! Was not looking forward to your first trade being a SL.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 22, 2010, 08:59:23 AM
First trade open, a buy EURUSD (Alpari UK) @ 1.27810

Looking good this trade,currently 37 pips in profit and the SL has moved to lock in profit

locked in minimum 19 pip profit

Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 22, 2010, 09:21:39 AM
Hope you're enjoying seeing the "buy profit locked in" message about now. I certainly am! Was not looking forward to your first trade being a SL.
I opened a Support Ticket, requesting a Keycode.  When can I expect to receive one, please?  I am anxious to get started.

Thanks,

Michael
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 09:28:09 AM
Hope you're enjoying seeing the "buy profit locked in" message about now. I certainly am! Was not looking forward to your first trade being a SL.
I opened a Support Ticket, requesting a Keycode.  When can I expect to receive one, please?  I am anxious to get started.

Thanks,

Michael

Sorry. We need to sleep sometimes! Your keycode has been allocated and a ticket sent out this morning.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 22, 2010, 10:24:28 AM
First trade open, a buy EURUSD (Alpari UK) @ 1.27810

Looking good this trade,currently 37 pips in profit and the SL has moved to lock in profit

locked in minimum 19 pip profit

closed at 1.28041 (opened 1.27810)

profit 23 pips


Good start profit was at +40 at one stage
Title: Re: Easy Forex (ezefx.com)
Post by: Jake on July 22, 2010, 10:31:17 AM
Thanks for your answer, 999.  I interpreted the information supplied as saying that once an account was chosen, that was it, there could never be a change to a different broker.  So I am please to see that it is possible.  I suggest though that you explore website options for the customer to be able to change their account number when they want - it would remove some of the admin burden for you guys.

And glad to see the 5 number issue being dealt with.  It was just that when I set up my first demo I managed to multiple by 10 some numbers that shouldn't have been changed at all, and only realised that on the second demo.  Never overestimate the ability of a customer!
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 22, 2010, 11:53:04 AM
not bad for a first trade, closed at 1.28022 (21.9 pips), how much more if it is running on multiple pairs...
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 22, 2010, 12:05:16 PM
Hmmm, I'm still waiting for my key code too  :(

Think I'll start next week now.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 12:26:00 PM
Hmmm, I'm still waiting for my key code too  :(

Think I'll start next week now.

Julian. Your keycode was provided yesterday as a reply to your ticket request. If you check your ticket you should find the code there. Any problems with this, please let me know.

If anyone else is still waiting for offer packs or keycodes, please PM me so I can chase up.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 12:33:17 PM
not bad for a first trade, closed at 1.28022 (21.9 pips), how much more if it is running on multiple pairs...

Yes, this was a good start. The standard settings I am using for my EZE016 pilot runs are slightly different in that the TS increases by 1 pip for every 2 pips profit until the gap increases from the initial 14 pips to 33 pips. Because of this, at the moment, it is still trading and sitting on 55 pips profit. You can use the same facility in EZE008 if you wish. Check the manual for instructions. But remember that if the trend is not helped by Bernanke (like I think this morning's was) you can end up with less profit in most trades. At least you get the choice though.
Title: Re: Easy Forex (ezefx.com)
Post by: jsp on July 22, 2010, 02:35:03 PM
Hi, triple 9,

Two small items that would make your EA more consumer friendly.  First, I think that the consumer should be able to change the broker that the EA is applied to as they wish.  They have bought the EA;  if the EA is not working well with a particular broker, they should be able to shift it.  Some vendors have managed to make this an easy to operate website member feature, requiring no extra effort from the vendor, e.g. Forex Photon.

Secondly, I don't know how easy it is, but several vendors now have EAs that adapt to either 4 or 5 place brokers themeselves. Is that possible with your EA?

Best wishes.

We have broadly followed the Fapturbo model in restricting one "purchase" to one live account as they seem to be the most successful in terms of sales and restriction of piracy etc.

Well I hope you follow Photon's lead on charging an almost nominal fee for other accounts.  Some of us trade multiple accounts for different purposes, to diversify among brokers, etc.  My problem with FAPTurbo is they didn't clearly state their "one license per account" when they started...and then they charged the full amount (or maybe a measly $10 discount) for other accounts.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 03:10:40 PM
I totally agree with the principle of trading on a number of different broker accounts. If you run different EAs, different settings and different currency pairs on each broker it can help to even out your results and swallow the inevitable stop losses.

But we are allowing a new free broker keycode each 3 months and have the option of paying $40 to get immediate keycodes over and above these limits. Compared with the prices charged for other EAs I don't think these options are terribly unreasonable especially as there is going to be an additional support requirement for each new instance which we are unable to cost as yet.
Title: Re: Easy Forex (ezefx.com)
Post by: jsp on July 22, 2010, 03:46:24 PM
I totally agree with the principle of trading on a number of different broker accounts. If you run different EAs, different settings and different currency pairs on each broker it can help to even out your results and swallow the inevitable stop losses.

But we are allowing a new free broker keycode each 3 months and have the option of paying $40 to get immediate keycodes over and above these limits. Compared with the prices charged for other EAs I don't think these options are terribly unreasonable especially as there is going to be an additional support requirement for each new instance which we are unable to cost as yet.

That sounds like a reasonable policy.  Thanks.
Title: Question on 5 Digits
Post by: jaychiew on July 22, 2010, 06:03:47 PM
I am using AlpariUK (5 Digit).Question, are the settings below correct?

TakeProfit=700
StopLoss=2500
TrailingStopStart=140
TrailingStopLimit=480
maxspread=50
step=1.0
slip=5
history=1
GMToffset=2

Thanks.
Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 22, 2010, 06:24:38 PM
We need to sleep sometimes! Your keycode has been allocated and a ticket sent out this morning.
Thanks for the Keycode!  EZE008 is up and running now on my FXDD live account.  Do we need a separate Keycode for demo account?

I need to sleep all the time, by the way.
Title: Re: Question on 5 Digits
Post by: 999cjb on July 22, 2010, 07:03:30 PM
I am using AlpariUK (5 Digit).Question, are the settings below correct?

TakeProfit=700
StopLoss=2500
TrailingStopStart=140
TrailingStopLimit=480
maxspread=50
step=1.0
slip=5
history=1
GMToffset=2

Thanks.

You also need step=10 and slip=50 for a 5 digit broker.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 22, 2010, 07:05:02 PM
We need to sleep sometimes! Your keycode has been allocated and a ticket sent out this morning.
Thanks for the Keycode!  EZE008 is up and running now on my FXDD live account.  Do we need a separate Keycode for demo account?

I need to sleep all the time, by the way.

No. You can run on as many demo accounts as you like. Ignore the "invalid keycode" message in the journal for demo accounts.

zzzzzzzzz.........  :)
Title: Re: Easy Forex (ezefx.com)
Post by: mpetersrx7 on July 22, 2010, 09:07:45 PM
Thanks for providing the updated version to fix the 10 digit broker account number issue.  Now running live with very small risk.

Mark
Title: Re: Easy Forex (ezefx.com)
Post by: jeffstar on July 23, 2010, 04:42:31 AM
Hello all. I am set up and ready for testing. Is the settings for only one currency pair at this time?  No matter what I put in for risk% the EA states 'Next lot size=0.01'.  This should change with risk%, right?

Thanks.

Jeff
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 23, 2010, 06:50:14 AM
Thanks for providing the updated version to fix the 10 digit broker account number issue.  Now running live with very small risk.

Mark

Thanks for that Mark. The mods will be incorporated into the next release.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 23, 2010, 06:57:37 AM
Hello all. I am set up and ready for testing. Is the settings for only one currency pair at this time?  No matter what I put in for risk% the EA states 'Next lot size=0.01'.  This should change with risk%, right?

Thanks.

Jeff

Hello Jeff. This is not a sophisticated money management system. To get the right lot sizes, you need to also input the value in broker currency of one full lot for this pair. Depending on your broker and leverage used this may be 1, 10 etc. If you have any previous results on this broker from any EA or manual trade, you can calculate the value. Otherwise you can backtest a few trades to get the value that way.

If this is too difficult or not possible for some reason, set the Risk to 0 and enter the lot size you want to use.

We are aiming to improve the money management calculation for the next release. Sorry for the inconvenience this time round.

More currency pairs will follow. Look for at least one more pair to appear over the weekend plus more options for EURUSD.
 
Title: EZE016 introduction and experimental results
Post by: 999cjb on July 23, 2010, 04:44:03 PM
We have just put a new page on the EzeFX members site with some initial details of the new EZE016 EA plus a link to a live stats demo account which hopefully will be kept running so you can see how EZE016 works while development continues.

There are still some $1 offer coupons available so if you want to see what it's all about either PM me or send a messsage from the Contact page at ezefx.com.
Title: Re: Easy Forex (ezefx.com)
Post by: mpetersrx7 on July 23, 2010, 05:51:36 PM
I noticed that recommended settings were just posted for G/U on the EzeFx Members site page.

Thanks 999.

Mark
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 23, 2010, 09:13:49 PM
Nice bacKtest on the GU

I like the following part

Largest profit trade 426.44 loss trade -1.44
Average profit trade 102.91 loss trade -1.44
Title: Re: Easy Forex (ezefx.com)
Post by: DaveL on July 23, 2010, 09:33:15 PM
hi Chris

well it took a while but looks like you have a well deserved thread here now and a band of followers, so I'd like to wish you all luck with this and future EA's :) Am feeling a little tempted to give it a shot myself, may well do sometime in the future after I get over the nice little sting I just had to pay out to HM taxes :( For the moment I'm working on a couple of things of my own so don't want to de-focus...

Results look good, and from James' comment on the GU backtest, wow, nicely done :o

Dave
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 23, 2010, 09:43:34 PM
hi Chris

well it took a while but looks like you have a well deserved thread here now and a band of followers, so I'd like to wish you all luck with this and future EA's :) Am feeling a little tempted to give it a shot myself, may well do sometime in the future after I get over the nice little sting I just had to pay out to HM taxes :( For the moment I'm working on a couple of things of my own so don't want to de-focus...

Results look good, and from James' comment on the GU backtest, wow, nicely done :o

Dave

Thanks Dave. If you are in pain with taxes you either have a large income or a bad accountant. I remember the days when I had both at the same time! 
Title: Re: Easy Forex (ezefx.com)
Post by: DaveL on July 23, 2010, 09:56:07 PM
ah well, not either in fact, but the UK govt wanting their piece of my earnings in Switzerland even though in return I could hold zero expectation of their support while I was looking for work on my return. The fact that the tax years don't align means paying them in 2 installments, ho hummm :( When I start to turn results around in FX I'd be getting to pay them more again too, but I'm told there's ways to limit that while I'll be sure to exploit as far as possible ;)
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 23, 2010, 11:34:39 PM
Dave, i don't know what the tax laws are in the Uk but being an Accountant for the past 35 years here in the US you pay taxes on the cost basis. Don't know what your situation is and cannot give advise, but yes there are ways to get around it. Here in the US there are a lot of deductions for a home office business.  ;)
I need to shut it before i get in trouble.  ;D

Sorry 999, this is your ea thread not a tax service thread. :)

Good Luck
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: DaveL on July 24, 2010, 12:35:51 AM
hi Cajun

yeah we're a bit OT lol
Problem is UK dual-taxation on overseas income, did a lot of research into it beforehand so not unexpected but still isn't nice paying yet getting nothing back other than bailing out the tapped-out financial institutions ;)

Dave
Title: Re: Easy Forex (ezefx.com)
Post by: Jake on July 24, 2010, 01:38:15 AM
999,

For a 5 digit broker, is the step size 1.0 or 10.0?

Cheers
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 24, 2010, 07:50:02 AM
Dave, i don't know what the tax laws are in the Uk but being an Accountant for the past 35 years here in the US you pay taxes on the cost basis. Don't know what your situation is and cannot give advise, but yes there are ways to get around it. Here in the US there are a lot of deductions for a home office business.  ;)
I need to shut it before i get in trouble.  ;D

Sorry 999, this is your ea thread not a tax service thread. :)

Good Luck
CAJUN

20 odd years ago I felt the pain of paying tax at 55% due to a useless accountant. I have mentioned tax problems in this forum (I think) quite a while ago and there was an interesting discussion at that time.

Is anyone brave enough to open a thread about taxation issues around the world? After all, if we intend to make lots of money in forex, TAXMAN is likely to come galloping over the horizon at high speed.

Perhaps more to the point, would any accountants & financial advisers be brave enough to answer queries and give guidelines in the thread?

Oh well, back to the testing....
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 24, 2010, 07:53:16 AM
999,

For a 5 digit broker, is the step size 1.0 or 10.0?

Cheers

For a 3 & 5 digit broker, a number of settings need to be multiplied by 10. These are shown at the bottom of the page for the appropriate setting on the member site. Let me know if you can't find it.
Title: New Pairs for EZE008
Post by: 999cjb on July 24, 2010, 11:10:10 AM
We have now updated the member site to provide some new currency pairs for EZE008. There are now 4 pairs available.
EURUSD
GBPUSD
CHFJPY
AUDUSD

Please note that with CHFJPY you may experience error 130 with some brokers so it is advisable to backtest this pair with your broker first. On a couple of brokers, we have had to increase the starting trailing stop from 14 to 28 or 30! But we noted that with the TS setting changed from 14 to 30, the annual profit was greater even though the number of stop losses increased from zero to 2.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 24, 2010, 01:47:47 PM
999, I just got around to joining you membership, once in the members area i was very impressed on how informative and user friendly it is. Some of these sites are nightmares
getting around and trying to locate what you are looking for.
Very down to earth, i like that, keep up the work and i am looking forward to trading Sunday.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 24, 2010, 04:11:29 PM
Thought id share my thoughts as one of the early up takers of EZEFX version 8 – Defiantly slow and steady which after my initial forays in to manual “Gambling” is a bit of a positive calming influence.  Been running on a demo account for about 6 weeks now with no loses giving a return of just under 10% in that time.  Trades about once or twice a week and is happier locking in profits and taking them than chasing big TP’s and risking retractions. 

The trailing stop at times looks too premature and I have SL’d with  a small profit only to see it race away again in the right direction ,if you follow me – do you test all these settings for the best results or are you just being cautious on this one?  I like to tinker.

I’m assuming (hoping!) version 16 is much the same except it opens more trades through out the week? 

Do pioneering beta testers get a discount?
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 24, 2010, 04:49:16 PM
Weekend work as well 999

Just looking at you average profit in pips live per month and for the 4 pair sets you posted we should be looking at ,on average, between 260-410 pips/month

Thanks for your hard work and service
Title: Re: Easy Forex (ezefx.com)
Post by: petermatt on July 25, 2010, 03:01:40 AM
999,

For a 5 digit broker, is the step size 1.0 or 10.0?

Cheers

For a 3 & 5 digit broker, a number of settings need to be multiplied by 10. These are shown at the bottom of the page for the appropriate setting on the member site. Let me know if you can't find it.


Just subscribed and noticed this posting so I went back to the preset files and being a bit of a "dummy" I'm not too sure now about what I should be adding a zero to for 5 digit brokers:
e.g Which setting is Trailing Step is it "ScaleTS" or 'step" and SpreadThreshold - is that "maxspread"? volatile pips is 0 so I'm not sure what to do with this?

If anyone is using GoMarkets perhaps you can tell me what OneLotValue should be, I've never seen this setting on an EA before and all the preset values for this are 10 except GBPUSD which is 1.0. Sorry guys but I'm easily confused.

Any help would be appreciated.

Peter
Title: Re: Easy Forex (ezefx.com)
Post by: Jake on July 25, 2010, 05:25:02 AM
I agree with you Petermatt, that it is easy to find it confusing.  Also on the top of Page 7 999 states that slip also need to be mulitplied by 10, but that is not part of the instructions on the site. And as you say, volatilepips is 0, so 10 x 0 = 0.

Sorry, 999, but think in terms of the manuals for dummies series.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 25, 2010, 07:48:09 AM
I agree with you Petermatt, that it is easy to find it confusing.  Also on the top of Page 7 999 states that slip also need to be mulitplied by 10, but that is not part of the instructions on the site. And as you say, volatilepips is 0, so 10 x 0 = 0.

Sorry, 999, but think in terms of the manuals for dummies series.

Sorry about the 3/5 digit broker instructions. They remained from an older version of EZE008.

We have now made the corrections on the member site so please check the updated instructions if you use one of these brokers.
Title: GMT Offset - Easy Forex (ezefx.com)
Post by: jaychiew on July 25, 2010, 09:08:59 AM
I am using AlpariUK and my GMT offset is set to 2 for all.

I noticed GMToffset for all pairs are originally set to 0 (zero), except GBPUSD. Is there any significance for this GU pair or should we just set all GMTOffset to be the same number?

I am also confused with VolatilityPips where it is set to zero. So, for 5 digit broker, should it be zero too?

Thanks.
Title: Re: GMT Offset - Easy Forex (ezefx.com)
Post by: 999cjb on July 25, 2010, 09:50:53 AM
I am using AlpariUK and my GMT offset is set to 2 for all.

I noticed GMToffset for all pairs are originally set to 0 (zero), except GBPUSD. Is there any significance for this GU pair or should we just set all GMTOffset to be the same number?

I am also confused with VolatilityPips where it is set to zero. So, for 5 digit broker, should it be zero too?

Thanks.

Some offsets quoted may be different if the settings shown came from final tests on different brokers. The offset you need for Alpari UK is 2. When British Summer Time ends it should be set back to 1.

Volatility pips is one of the filter settings if filters are used. All our recommended settings are running at the moment without filters so yes, zero x 10 = zero. You can read about the filters in the EZE008 manual.
Title: Re: Easy Forex (ezefx.com)
Post by: Jake on July 25, 2010, 11:10:25 AM
Thanks, 999. I hadn't cottoned on to changing the Scale TS, so good to have the instructions up to date.  Much easier to follow.  Cheers
Title: Re: Easy Forex (ezefx.com)
Post by: civfan on July 25, 2010, 11:51:43 AM
Hi there.

Do you guys think that this ea strategy is spread sensitive?

I wonder if it is really important use a ECN broker (eventually better spread) or a reliable market maker...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 25, 2010, 12:33:10 PM
Hi there.

Do you guys think that this ea strategy is spread sensitive?

I wonder if it is really important use a ECN broker (eventually better spread) or a reliable market maker...

All EAs are spread sensitive to some extent, especially scalpers. EZE008 will not open trades if the spread is greater than the user specified value and is not a scalper.

I have the feeling that EZE008 does not work quite so well on ECN brokers or 3/5 digit brokers and works better with broker-smoothed feeds. But this also depends on the currency pair used. Backtesting on different brokers is fairly consistent with the live results so if you are in any doubt, backtest on the live account first. This is always a good idea in any case.
Title: Re: Easy Forex (ezefx.com)
Post by: civfan on July 25, 2010, 07:40:22 PM
Thank you for your answer 999.

Could you please point out a couple of brokers do you feel more appropriate for this ea?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 25, 2010, 08:21:28 PM
Thank you for your answer 999.

Could you please point out a couple of brokers do you feel more appropriate for this ea?


FXclearing and FastFX seem to do well with EZE008.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 25, 2010, 10:50:00 PM
Hi
I was running test since 2006 with recomended settings on EUR/USD and the first two years there was almost 50% loss on the account?

Bars in test   92178
Ticks modelled   20778331
Modelling quality   90.00%
Mismatched charts errors   6
Initial deposit   25000.00
Total net profit   -4496.33
Gross profit   22630.73
Gross loss   -27127.06
Profit factor   0.83
Expected payoff   -18.35
Absolute drawdown   13568.00
Maximal drawdown   16659.78 (59.30%)
Relative drawdown   59.30% (16659.78)
Total trades   245
Short positions (won %)   142 (93.66%)
Long positions (won %)   103 (87.38%)
Profit trades (% of total)   223 (91.02%)
Loss trades (% of total)   22 (8.98%)
   Largest
profit trade   700.00
loss trade   -2801.11
   Average
profit trade   101.48
loss trade   -1233.05
   Maximum
consecutive wins (profit in money)   42 (4010.71)
consecutive losses (loss in money)   3 (-2538.61)
   Maximal
consecutive profit (count of wins)   4010.71 (42)
consecutive loss (count of losses)   -2801.11 (1)
   Average
consecutive wins   11
consecutive losses   1
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 25, 2010, 11:11:04 PM
If you look again at page 3 of the offer document, you will see that we would not have run with the current settings in 2006 and do not believe it is reasonable to expect conditions now to be the same as they were then. The settings will need to be changed from time to time to obtain optimum performance from the software and subscribers can expect our settings to be updated accordingly. It would be feasible to have settings which would run profitably for 10 years but the performance in 2009-2010 would be nowhere near as good.

The settings we use now are for now. Not for the past and possibly not for the future either. Time passes and things change. That's life.




Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2010, 08:02:05 AM
Hi
I was running test since 2006 with recomended settings on EUR/USD and the first two years there was almost 50% loss on the account?

Bars in test   92178
Ticks modelled   20778331
Modelling quality   90.00%
Mismatched charts errors   6
Initial deposit   25000.00
Total net profit   -4496.33
Gross profit   22630.73
Gross loss   -27127.06
Profit factor   0.83
Expected payoff   -18.35
Absolute drawdown   13568.00
Maximal drawdown   16659.78 (59.30%)
Relative drawdown   59.30% (16659.78)
Total trades   245
Short positions (won %)   142 (93.66%)
Long positions (won %)   103 (87.38%)
Profit trades (% of total)   223 (91.02%)
Loss trades (% of total)   22 (8.98%)
   Largest
profit trade   700.00
loss trade   -2801.11
   Average
profit trade   101.48
loss trade   -1233.05
   Maximum
consecutive wins (profit in money)   42 (4010.71)
consecutive losses (loss in money)   3 (-2538.61)
   Maximal
consecutive profit (count of wins)   4010.71 (42)
consecutive loss (count of losses)   -2801.11 (1)
   Average
consecutive wins   11
consecutive losses   1


Despite what I said in my last post, I thought I'd try running a backtest from May 2005 using our recommended settings for EURUSD.

The graph of my results is attached and shows good results, quite unlike the ones you show. Can I ask that you check your settings carefully and if they are correct raise a ticket on the member site with full details of your broker and strategy tester files. It is quite unusual for EZE008 to perform so differently with different brokers.

Note you have to be logged in here to see the results  :)


 

Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 26, 2010, 11:32:20 AM
Should Volatile pips be left at 0 for a 5 digit broker?
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 26, 2010, 11:59:33 AM
Should Volatile pips be left at 0 for a 5 digit broker?

yes, it should be left 0
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 26, 2010, 12:07:01 PM
Thanks RichDad, wonder why it is even mentioned along with the rest that should be multiplied by 10?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2010, 12:16:01 PM
Thanks RichDad, wonder why it is even mentioned along with the rest that should be multiplied by 10?

Julian. It's because although our recommended settings do not use the filters, if anyone wants to experiment with using filters on 5 digit brokers, this setting can make a huge difference to the result.

Just trying to cover all the bases.
Title: Re: Easy Forex (ezefx.com)
Post by: jeffstar on July 26, 2010, 04:02:52 PM
Hello. I am not getting inconsistent results with the following settings:

Risk=20.0 (10%)
OneLotValue=10.0 (Standard Account)
FixedLots=.01

$5000 balance shows the following Next Lot Size:

EURUSD=0.04
AUDUSD=0.03
GBPUSD=0.48???
CHFJPY=.05

All the setting are correct, but why such a large lot size for GBPUSD?

Also, setting the Risk to 0.0 and the FixedLots to any value results in the next lot size being .01.

Thank you.

Jeff

Title: Re: Easy Forex (ezefx.com)
Post by: djguy52 on July 26, 2010, 04:34:50 PM
I have downloaded EA and placed it on the 4 charts and have the EZ008 smiley face in the right hand corner. I do not have a script along the left like Megadroid. Should I have a running script along the left side of the chart or just the smiley face in the corner. Just want to make sure it is loaded properly.
Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 26, 2010, 04:40:25 PM
dj, you should be seeing status on the left hand side, make sure all your settings are correct and everything loaded in the proper folders. You also have to apply for a keycode by sending a ticket to support.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2010, 04:45:02 PM
Hello. I am not getting inconsistent results with the following settings:

Risk=20.0 (10%)
OneLotValue=10.0 (Standard Account)
FixedLots=.01

$5000 balance shows the following Next Lot Size:

EURUSD=0.04
AUDUSD=0.03
GBPUSD=0.48???
CHFJPY=.05

All the setting are correct, but why such a large lot size for GBPUSD?

Also, setting the Risk to 0.0 and the FixedLots to any value results in the next lot size being .01.

Thank you.

Jeff



Jeff.
1.If your risk=20, that is 20% of your account you are risking if you hit a stop loss providing the other settings are correct.
2.Are you sure that the value of one pip at one full lot is $10?
3.For GBPUSD you either have the money management settings wrong or your stop loss setting is too small. Check it with the other pairs.
4.If you set risk to 0, you are running fixed lots, not money management and you should specify the lot size you want in FixedLots.

If still in doubt, please send a ticket with your set files or PM them so we can check it out.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2010, 04:48:07 PM
I have downloaded EA and placed it on the 4 charts and have the EZ008 smiley face in the right hand corner. I do not have a script along the left like Megadroid. Should I have a running script along the left side of the chart or just the smiley face in the corner. Just want to make sure it is loaded properly.
Thanks

Check your journal for error messages, also check that you have loaded the DLL in experts/libraries and then that your MT4 tools/Expert Advisors settings are as in the manual.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 26, 2010, 04:48:35 PM
I have also inconsistent lots. All around .4 but CHF .01 on $10,000 account. Also I tested again and I beleive did not have correct GMT offset. I tried again this time in profit but still big drawdown.
See attached
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 26, 2010, 05:01:56 PM
I changed settings and now they all match the size.
Risk 10
One Lot value 10
 FixedLot size .01
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2010, 05:12:36 PM
I have also inconsistent lots. All around .4 but CHF .01 on $10,000 account. Also I tested again and I beleive did not have correct GMT offset. I tried again this time in profit but still big drawdown.
See attached

We have optimised the settings to give best results for the period from May 2009 although as you have seen it does well for a while before this also.

FXDD is not my favourite broker for EURUSD. Mine has only made 24 pips in the last month. Most of my other brokers have made 3 to 4 times this, even Alpari.
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 26, 2010, 06:24:58 PM
"Even Alpari" - that's a bit worrying 999!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2010, 06:49:43 PM
"Even Alpari" - that's a bit worrying 999!

This isn't to say Alpari is a bad broker. Far from it. But on some pairs such as EURUSD Alpari is quite "jumpy" and I'm not sure if this is because of the type of feed, the fact that they are a 5 digit broker or something else.

The problem in using a low trailing stop is that a close can be triggered by a lightning move which would not occur in the feed of a "smoothed" broker. In many cases, if the stop is not triggered, the trade can continue to make larger gains.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 26, 2010, 06:50:03 PM
2nd trade closed on the aususd for a 4 pip profit

A third trade is open on the eurusd pair,a buy @ 1.29950
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on July 26, 2010, 10:26:22 PM
Hello jamesfrance, I have a sell in eurusd opened at 16:45 gmt
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 26, 2010, 10:37:34 PM
Hello jamesfrance, I have a sell in eurusd opened at 16:45 gmt

mmm mine opened at 16:05 GMT ,what price did it open at? and what broker please?
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on July 26, 2010, 10:57:55 PM
Opened sell at 1.29873 the broker is  Interbankfx  in a live account.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 26, 2010, 11:15:51 PM
I have a buy trade on eur/usd at 16:01 at 1.2991, my TP is 1.3094. I feel this may be high we will see, i think i would have prefered a sell trade at that price. Also, i set my lot size at .01 to get the feel of this ea. and it opened at .09. Can anyone tell me how to get it to open at my fixed lot size.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 26, 2010, 11:18:39 PM
I have a sell EUR/USD at 16:51 GMT. They seem to be quite a difference in openning times and possibly direction.
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on July 26, 2010, 11:38:09 PM
CAJUN set risk at 0.0 and fixedlots at 0.01, it works for me.
Title: Re: Easy Forex (ezefx.com)
Post by: jaychiew on July 27, 2010, 01:47:39 AM
Broker: AlpariUK (micro)

Demo:
18:05 Buy EU 1.2995, hit SL 1.29889, P/L = -6.1
18:06 Buy AU 0.90143, hit TP 0.90186, P/L = +4.3

Actual:
18:09 Buy EU 1.2997,  P/L = Open
18:06 Buy AU 0.90144, hit TP 0.90180, P/L = +3.6

Weird that my demo already closed EU at loss while my real account still in progress.
Title: Re: Easy Forex (ezefx.com)
Post by: jeffstar on July 27, 2010, 06:49:22 AM
From what I can tell there is no constant fixed lot size. Sorry :-[ :-[
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2010, 06:54:35 AM
From what I can tell there is no constant fixed lot size. Sorry :-[ :-[

To run a fixed lot size, set Risk to zero and then set the lot size you want in FixedLots.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2010, 06:59:28 AM
Broker: AlpariUK (micro)

Demo:
18:05 Buy EU 1.2995, hit SL 1.29889, P/L = -6.1
18:06 Buy AU 0.90143, hit TP 0.90186, P/L = +4.3

Actual:
18:09 Buy EU 1.2997,  P/L = Open
18:06 Buy AU 0.90144, hit TP 0.90180, P/L = +3.6

Weird that my demo already closed EU at loss while my real account still in progress.

Your live account should now have closed in profit by about 5 pips. For the demo to close at a small loss, if the settings are all OK it could be slippage and/or the close retry mechanism perhaps due to poor response times.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 27, 2010, 07:57:25 AM
A third trade is open on the eurusd pair,a buy @ 1.29950 closed 1.30029 (Alpari UK)

+8 Pips (+12 pips this week)
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 27, 2010, 11:08:18 AM
11 pips so far this week on GoMarkets
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 27, 2010, 12:20:37 PM
had a winning trade on FX clearing last night but my ActivTrades account didnt trade at all.

better than breaking my losing duck mind. 
(If thats the right expression....)
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 27, 2010, 01:29:10 PM
My sell trade closed at $4 loss. I am confused about taking opposite sides, some people sell others buy and also not openning trades on different accounts?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2010, 01:43:32 PM
My sell trade closed at $4 loss. I am confused about taking opposite sides, some people sell others buy and also not openning trades on different accounts?

Send a member ticket with your  broker name, set file and trade details and we'll take a look. We're worried your settings are not set right for your broker.
Title: Re: Easy Forex (ezefx.com)
Post by: jsp on July 27, 2010, 02:08:48 PM
If you look again at page 3 of the offer document, you will see that we would not have run with the current settings in 2006 and do not believe it is reasonable to expect conditions now to be the same as they were then. The settings will need to be changed from time to time to obtain optimum performance from the software and subscribers can expect our settings to be updated accordingly. It would be feasible to have settings which would run profitably for 10 years but the performance in 2009-2010 would be nowhere near as good.

The settings we use now are for now. Not for the past and possibly not for the future either. Time passes and things change. That's life.


This is starting to sound like Euroblaster v.1.2345AD2 (or whatever it is now)…

1) It’s been heavily optimized to trade almost “perfectly” for the last year or so

2 It’s not robust enough to trade profitably in all market conditions (i.e., a 10-year backtest).  Notice that I didn’t say “perfectly.”  All EAs will and should have drawdowns and mediocre periods through a 10-year test, but a truly robust EA will perform well with a reasonable equity curve.

3) Customers have to rely on the vendor to “adjust” settings in the future.  That’s fine if you have a long-term track record of successfully adjusting your settings.  Do you?  Or do you use an objective method of optimizing your EA every month or year?  If so, you can “walk forward” test over the last 10 years without cheating (“hindsight analysis”).  If not, there’s no way of knowing what you would’ve done in 2006, the 2008 financial crisis, etc.  I’ve seen many vendors claim that they will “adjust” their EA to be profitable in the future, but only ones with long-term robust EAs have been successful.

Sorry if I rained on the parade, but having seen many EAs come and go, this looks like another one that will “go” unless I’m missing something…
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 27, 2010, 02:31:40 PM
jsp, I think he pointed out in a reply that it does trade profitably through those periods on back test despite what He said there.  I understand your cynicsm mind, its almost as powerful as the desire to keep coming back for more ;-)  Iv been running for 6 weeks or so with this EA and am so far impressed.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2010, 02:48:25 PM
jsp. I expected this kind of comment from someone before too long. It's true that we are optimised to give good performance in 2009-10. We also have a subscription system so we can afford to spend the time and computer power to continue to give good performance in the future.

Please, show me an EA which gives great performance for the last ten years without any changes whatsoever, is not a martingale and does not pose a huge threat to your account balance. I'll certainly buy it and so would everyone else on this forum, I'm sure. But would it still do the same in future years? Nobody knows.

We have introduced ourselves, given everyone on the forum an opportunity to try (and rubbish if necessary) an EA for just $1 (actually, it's $0.66 to us and $0.34 to PayPal). Anyone who is not happy with the software or our method of doing business is very welcome to cancel their subscription within 60 days and have their money refunded. After that, if we don't perform, you can just cancel.

Alternatively, you can continue spending $97 on the latest over-hyped rubbish, moaning about it and then trying to get your money back.

This is called "freedom of choice" and is one of the privileges we all hopefully enjoy.
Title: Re: Easy Forex (ezefx.com)
Post by: jsp on July 27, 2010, 03:08:09 PM
jsp. I expected this kind of comment from someone before too long. It's true that we are optimised to give good performance in 2009-10. We also have a subscription system so we can afford to spend the time and computer power to continue to give good performance in the future.

Please, show me an EA which gives great performance for the last ten years without any changes whatsoever, is not a martingale and does not pose a huge threat to your account balance. I'll certainly buy it and so would everyone else on this forum, I'm sure. But would it still do the same in future years? Nobody knows.

We have introduced ourselves, given everyone on the forum an opportunity to try (and rubbish if necessary) an EA for just $1 (actually, it's $0.66 to us and $0.34 to PayPal). Anyone who is not happy with the software or our method of doing business is very welcome to cancel their subscription within 60 days and have their money refunded. After that, if we don't perform, you can just cancel.

Alternatively, you can continue spending $97 on the latest over-hyped rubbish, moaning about it and then trying to get your money back.

This is called "freedom of choice" and is one of the privileges we all hopefully enjoy.

I'm not going to tell you which EAs have a good 10-year backtest.  I've paid my dues and done my due diligence.  I suggest you do the same if interested.  However, I'll say at least 3-4 on this site have solid 10-year backtests and a few others are at least profitable with no margin calls:

http://www.bestforexrobots.net/

There are even one or two free EAs with decent 10-year backtests. 

Nothing in your reply addressed my most important question:  how do you know you can successfully adjust your EA's settings in the future?  Where's the evidence that you've been able to do this over a sustained period?  You didn't address walk-forward testing either....

Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 27, 2010, 03:30:36 PM
Always interested in making money jsp!  but im having difficulty with your web link - are they live results?!  92.5% a month is a fair old no brainer but to match your mood - I can make a website that says all that in an hour.....

This is obviously one of the big problems with EA's and with whom to entrust our hard earned cash.  To be honest my knowledge of back testing and margins is as shaky as my spelling- I lost money manually trading but was hooked.  Personally I like the idea of checking out live results which I can here - seeing that they are making money and paying a rolling subscription of $25.  If it stops making money after a few months I can stop paying $25.  Its all fairly simple in my head or am I missing something?

Im willing to have a good look at anything that can help grow my capital and the eze aproach is ticking my boxes. so far.  Your web link doesnt. 
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 27, 2010, 03:34:47 PM
good grief I sound like Stephen Fry outside of an Apple shop......
Title: Re: Easy Forex (ezefx.com)
Post by: jsp on July 27, 2010, 03:39:47 PM
Always interested in making money jsp!  but im having difficulty with your web link - are they live results?!  92.5% a month is a fair old no brainer but to match your mood - I can make a website that says all that in an hour.....

This is obviously one of the big problems with EA's and with whom to entrust our hard earned cash.  To be honest my knowledge of back testing and margins is as shaky as my spelling- I lost money manually trading but was hooked.  Personally I like the idea of checking out live results which I can here - seeing that they are making money and paying a rolling subscription of $25.  If it stops making money after a few months I can stop paying $25.  Its all fairly simple in my head or am I missing something?

Im willing to have a good look at anything that can help grow my capital and the eze aproach is ticking my boxes. so far.  Your web link doesnt.  

Spiggy,

The link isn't mine.  I have no affiliation with that site.  It just has a large list of EAs and I know a few of them have been profitable in long-term backtesting and forward tests.  As for those that have large returns in the short-term, you are right to be skeptical.  They’re probably taking way too much risk.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 27, 2010, 04:50:18 PM
I have a sell GBPUSD (Alpari) 1.55406
Title: Re: Easy Forex (ezefx.com)
Post by: jaychiew on July 27, 2010, 05:03:04 PM
Confirm Alpari,  17:45 GU Sell 1.55401
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 27, 2010, 05:11:36 PM
Forex.com sell GBP at 1.5539 at 15:45 GMT
Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 27, 2010, 05:32:22 PM
I have a sell GBPUSD (Alpari) 1.55406
FXDD sell GBPUSD at 1.5542 at 15:45 GMT.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2010, 05:55:30 PM
My sell trade closed at $4 loss. I am confused about taking opposite sides, some people sell others buy and also not openning trades on different accounts?

Thanks for sending details of your trade. It actually closed for $4 profit. As it was a sell trade, the closing price was lower than the opening price which is what was wanted. A buy trade would want the closing price to be higher than the opening price. Hope this helps.
Title: Re: Easy Forex (ezefx.com)
Post by: jaychiew on July 27, 2010, 06:04:17 PM
Trade is still open with about 25 pips loss. Interesting to note we have different performance.

I personally don't like this trade as it's against the larger trend. Let see how this trade goes.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 27, 2010, 06:10:30 PM
Trade is still open with about 25 pips loss. Interesting to note we have different performance.

I personally don't like this trade as it's against the larger trend. Let see how this trade goes.

May find some resistance around 5581 and head down ,or it may hit SL before there
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 27, 2010, 06:34:36 PM
Buy opened CHFJPY @ 82.747 (Alpari) mm not sure about that one either,the yen looks week across the board .
what am I saying it's traded against the Yen doh
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 27, 2010, 09:16:03 PM
I have a sell GBPUSD (Alpari) 1.55406

No way back for this trade now,looks like the 1st SL coming
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on July 27, 2010, 09:19:12 PM
Sorry, I saw pink colour and did not look carefully on my EUR/USD trade. Yes it closed $4 profit not loss. My GPB trade is about 60 pips minus.
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 27, 2010, 09:26:24 PM
currently down by 45pips for GU which opened at 1.55402. could it be our 1st ever?
Title: Re: Easy Forex (ezefx.com)
Post by: denden69 on July 27, 2010, 09:33:23 PM
profits of 4-8 pips with Sl's of 200+ pips, not much rocket science here, just the normal volatility of any forex pair!
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on July 27, 2010, 09:37:17 PM
Buy opened CHFJPY @ 82.747 (Alpari)

Closed 82.845 +10 pips
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on July 27, 2010, 10:34:21 PM
It didn't open CJ on GoMarkets due to high spread of 7
Title: Re: Easy Forex (ezefx.com)
Post by: mpetersrx7 on July 27, 2010, 11:16:37 PM
First SL????  Isn't the recommended SL for G/U 210pips.   We are not even 1/2 way there.

LOL
Title: Re: Easy Forex (ezefx.com)
Post by: jaychiew on July 28, 2010, 01:28:42 AM
GU trade is still open with floating -40 pips.

I agree, don't quite like RR.
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 28, 2010, 08:18:46 AM
closed a profit on Eurusd wih activtradesthis morning.  Activ has been quite quiet with this ea but slow and steady wins the race I guess.

Anyone watching the EZE16 live results from the members website?  520 pips in 2 weeks  :o
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 29, 2010, 10:15:07 AM
I only had 1 trade with eze on eur/usd since setup over a week ago, other pairs not trading. Made a whopping +2 in over a week. At this pace, i would never catch up my membership in a months time. I am with Forex.com/uk

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 29, 2010, 11:51:09 AM
I only had 1 trade with eze on eur/usd since setup over a week ago, other pairs not trading. Made a whopping +2 in over a week. At this pace, i would never catch up my membership in a months time. I am with Forex.com/uk

CAJUN

Since you signed up last Saturday, there have been three days available to trade. I am sorry you have made only 2 pips but it's at least better than losing.

Most of my live accounts have made about 20 pips this week on EURUSD. My live published forex.com account has made 61 pips this week but I should explain why. The forex.com account runs on different settings which I was testing at the time I started running EZE008 on the account. Of my accounts, forex.com is unique in that , on my account at least, it runs pairs nnnnnnFXF. Because of this, I cannot download backtest data. I have contacted forex.com about this and they have pointed me to large amounts of alternative data in a different format which I have not had the time (or, frankly, inclination) to reformat and use. Therefore, I have left this broker on the original settings which are working although the generally published settings which I use elsewhere and presume you are using work better with other brokers.

EZE008 is not expected to take large numbers of trades (it averages just one trade a week as we have said), just to make regular profits as it is doing for me. EZE016 is a different animal and currently has 11 trades open so some may find this a more exciting prospect when it is released.

If, having looked at my forex.com account you would like me to PM you the settings I use, please PM me and I'll do it as soon as I can.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 29, 2010, 12:28:05 PM
999, I JUST PM YOU. Any help in getting more trades would be appreciated.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 29, 2010, 12:55:15 PM
999, I JUST PM YOU. Any help in getting more trades would be appreciated.

CAJUN

Cajun. You are blocking my PM back to you. Can you either unblock or send a ticket so I can reply.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 29, 2010, 01:26:05 PM
I have been told i am having problems with my pm, just haven't had time to check it out. I will send a ticket.

Thanks,
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 29, 2010, 02:28:49 PM
been a slow week for me with this one although had winning trades with Eurusd on activ and FX clearing last night.  15 pips each this week.  been a good month and still no losses.

Iv been watching the EZE16 live feed and find it both impressive and slightly scary.  It looks a beast!  have you thought about a middle ground version? like a boosted version of EZE 8 ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 29, 2010, 03:03:21 PM
been a slow week for me with this one although had winning trades with Eurusd on activ and FX clearing last night.  15 pips each this week.  been a good month and still no losses.

Iv been watching the EZE16 live feed and find it both impressive and slightly scary.  It looks a beast!  have you thought about a middle ground version? like a boosted version of EZE 8 ?

Funny you should say that. I was working on a pilot version (v320) which takes up to 2 trades with a user selectable forced time gap before being able to take the second trade if the entry conditions were still right. It is on a demo account EURUSD and has made 18% in 6 weeks at 25% risk. But work on EZE016 is taking priority over this.
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on July 29, 2010, 09:53:53 PM
another 2 winners on chfjpy and eurusd on activtrades - its chugging along pleasently in the right direction.  early days but its looking like a safe pair of hands.
Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 29, 2010, 10:18:57 PM
another 2 winners on chfjpy and eurusd on activtrades - its chugging along pleasently in the right direction.  early days but its looking like a safe pair of hands.
On FXDD, EURUSD closed for break even "again".  Very safe pair to trade, indeed!

GBPUSD is still hanging in there, -72 pips currently.  If it closes for break even, I will be a happy man.  If not, I will be out.  No need to risk 200+ pips to hunt for a couple of pips.

By the way, CHFJPY is going strong at around +10 pips.  Wow!!!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 29, 2010, 10:40:54 PM
another 2 winners on chfjpy and eurusd on activtrades - its chugging along pleasently in the right direction.  early days but its looking like a safe pair of hands.
On FXDD, EURUSD closed for break even "again".  Very safe pair to trade, indeed!

GBPUSD is still hanging in there, -72 pips currently.  If it closes for break even, I will be a happy man.  If not, I will be out.  No need to risk 200+ pips to hunt for a couple of pips.

By the way, CHFJPY is going strong at around +10 pips.  Wow!!!

If you find EZE008 too boring, perhaps you will prefer EZE016 when it comes out. Take a look at http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/) where there seems to be plenty of action this week.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 30, 2010, 12:22:23 AM
Finally got another trade,second trade this week CHF/JPY, hit SL but i see "sell profit locked in". This is pretty cool. oops, just closed the trade +.46

999, Never recieved your settings for Forex.com/uk. Sent ticket in this morning. I know, i know you are very busy and excited about eze016, excellent live report. ;)

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 30, 2010, 06:29:28 AM
Finally got another trade,second trade this week CHF/JPY, hit SL but i see "sell profit locked in". This is pretty cool. oops, just closed the trade +.46

999, Never recieved your settings for Forex.com/uk. Sent ticket in this morning. I know, i know you are very busy and excited about eze016, excellent live report. ;)

CAJUN

Go into your open ticket and you should find our reply at the bottom. If you still can't find it, I'll email it to you.

As part of our cautious approach, as soon as a profit is locked in, we show the new stop loss to the broker. This means the majority of our profit trades can look like losses at first glance. Not pretty like Fapturbo but if your power fails or computer, VPS or internet goes down, your stop loss will be processed and your profit realised. I have seen too many cases where an internal trailing stop was hit but not processed because of some comms glitch or hardware downtime, resulting in a full stop loss.

That EZE016 account does not seem to fit with our cautious approach, does it  :)
Title: Re: Easy Forex (ezefx.com)
Post by: forexma on July 30, 2010, 08:19:52 AM
another 2 winners on chfjpy and eurusd on activtrades - its chugging along pleasently in the right direction.  early days but its looking like a safe pair of hands.
On FXDD, EURUSD closed for break even "again".  Very safe pair to trade, indeed!

GBPUSD is still hanging in there, -72 pips currently.  If it closes for break even, I will be a happy man.  If not, I will be out.  No need to risk 200+ pips to hunt for a couple of pips.

By the way, CHFJPY is going strong at around +10 pips.  Wow!!!

If you find EZE008 too boring, perhaps you will prefer EZE016 when it comes out. Take a look at http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/) where there seems to be plenty of action this week.


Although I like you're honest and open I still find your system very dangerous. As I see http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/) it has so many negative floating trades that the equity is below the initial investment.
Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 30, 2010, 08:35:17 AM
Just looking at you average profit in pips live per month and for the 4 pair sets you posted we should be looking at ,on average, between 260-410 pips/month

Thanks for your hard work and service
The 1st week with EZE008 is almost over.

On FXDD live, total 6 trades with +13 pips, though, 1 trade still open at around -100 pips:

EURUSD   3 trades   +6 pips total
CHFJPY   1 trade      +4 pips total
AUDUSD   1 trade      +3 pips total
GBPUSD   1 trade      around -100 pips (still open)

It is too early to tell.  But 260-410 pips/month seems a long, long way to go!
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on July 30, 2010, 08:50:22 AM
Similar results in Interbankfx live

EURUSD   4 trades   -1 pips total
CHFJPY   2 trades      +21 pips total
AUDUSD   1 trade      +5 pips total
GBPUSD   1 trade      around -90 pips (still open)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 30, 2010, 08:53:55 AM
Similar results in Interbankfx live

EURUSD   4 trades   -1 pips total
CHFJPY   2 trades      +21 pips total
AUDUSD   1 trade      +5 pips total
GBPUSD   1 trade      around -90 pips (still open)

I have made 91 pips in July with EZE008 on GBPUSD (27) EURUSD (23)  & CHFJPY (41). I agree this is not very good. But I have never had good performance with anything on FXDD, I'm afraid. At least EZE008 makes something which is far better than anything else I have run with this broker.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 30, 2010, 08:57:26 AM
another 2 winners on chfjpy and eurusd on activtrades - its chugging along pleasently in the right direction.  early days but its looking like a safe pair of hands.
On FXDD, EURUSD closed for break even "again".  Very safe pair to trade, indeed!

GBPUSD is still hanging in there, -72 pips currently.  If it closes for break even, I will be a happy man.  If not, I will be out.  No need to risk 200+ pips to hunt for a couple of pips.

By the way, CHFJPY is going strong at around +10 pips.  Wow!!!

If you find EZE008 too boring, perhaps you will prefer EZE016 when it comes out. Take a look at http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/) where there seems to be plenty of action this week.


Although I like you're honest and open I still find your system very dangerous. As I see http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/) it has so many negative floating trades that the equity is below the initial investment.

Please remember that EZE016 is still in development, has had a number of updates over the last few weeks, is running experimental settings (such as 2 different settings for EURGBP) and is not expected to be ready for release for a number of weeks.

Despite all this, it is still very much keeping its head above water. Perhaps there is such a thing as being too open & honest?  ;D
Title: Re: Easy Forex (ezefx.com)
Post by: tobermush on July 30, 2010, 09:07:10 AM
39 pips on EURJPY last night (Alpari UK demo)
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on July 30, 2010, 09:17:30 AM
999, i could not find an open ticket as i do not have a ticket number. Please email it to me. No big rush as i am going out of town for the weekend, i will play with it when i get back.

Thanks,
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: michael on July 30, 2010, 07:23:49 PM
Similar results in Interbankfx live

EURUSD   4 trades   -1 pips total
CHFJPY   2 trades      +21 pips total
AUDUSD   1 trade      +5 pips total
GBPUSD   1 trade      around -90 pips (still open)

I have made 91 pips in July with EZE008 on GBPUSD (27) EURUSD (23)  & CHFJPY (41). I agree this is not very good. But I have never had good performance with anything on FXDD, I'm afraid. At least EZE008 makes something which is far better than anything else I have run with this broker.
Any advice on what to do with the hanging GBPUSD trade before the market close, please?

Currently, it is about 162 pips minus on FXDD live.

My real problem is that the lot size is 0.6 lot, rather too big size to be taking it easy.  I am talking about $1,260 loss if it hits SL.  The SL would eat up exactly 10% of my trading capital.  My stupidity!!  I should've demoed the EA for a month or so at least before going live.  It is just that I trusted your backtests blindly.

Anyway, should I close the trade now, saving a few $, or wait for a big turn around next week?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 31, 2010, 10:49:10 AM
Similar results in Interbankfx live

EURUSD   4 trades   -1 pips total
CHFJPY   2 trades      +21 pips total
AUDUSD   1 trade      +5 pips total
GBPUSD   1 trade      around -90 pips (still open)

I have made 91 pips in July with EZE008 on GBPUSD (27) EURUSD (23)  & CHFJPY (41). I agree this is not very good. But I have never had good performance with anything on FXDD, I'm afraid. At least EZE008 makes something which is far better than anything else I have run with this broker.
Any advice on what to do with the hanging GBPUSD trade before the market close, please?

Currently, it is about 162 pips minus on FXDD live.

My real problem is that the lot size is 0.6 lot, rather too big size to be taking it easy.  I am talking about $1,260 loss if it hits SL.  The SL would eat up exactly 10% of my trading capital.  My stupidity!!  I should've demoed the EA for a month or so at least before going live.  It is just that I trusted your backtests blindly.

Anyway, should I close the trade now, saving a few $, or wait for a big turn around next week?


Sorry you are so worried over this hanging trade and that I was unable to get back to you before the close. I have five live GBPUSD's in the same situation and I am leaving them to run to their conclusion. As at Friday night we are risking another 50 pip loss over the existing drawdown versus losing 160 pips immediately. I have two reasons for doing nothing. One is that I am prepared to suffer the additional 50 pips if necessary because that was the risk I calculated I would be prepared to take when setting up these EAs. The other is simply that in my opinion you don't keep a dog and bark yourself. I trust my EAs to run without intervention because that's what they are supposed to do and my historical testing says that in the longer term they will succeed. Traders who load up high risk trades on EAs and then stop them manually if they feel that in their opinion the market is against the trade are not being logical. First because when they do this they are destroying their EAs historical data so there is no point in using this for analysis later on and second if they think they can predict the market so well they should be trading manually and not using EAs. If this upsets anyone, I'm sorry but this is my personal opinion.

I have only manually closed an EA trade once this year and that is because I made some major errors. I miscalculated the money management requirement and then didn't check the "next lot size" display. This resulted in a trade opening on AUDUSD with a lot size of 14.42 instead of the 0.14 I had wanted. By the time I realised what was going on, I had burned through 90% of my free margin. I sat glued to the screen as the trade slowly came back and as soon as it got into profit I closed manually with great relief, having made four gigantic pips profit.

Although in EZE008 we have developed an EA that tries very hard not to lose, sometimes it will. So it is very important to check the lot size against the full stop loss in pips and say "can I take a full stop loss and keep smiling?". If the answer is no, the risk must be reduced, so the Risk setting would be changed from 10% to (say) 5%. Following this routine I make 1% profit per week on a regular basis. Not the astronomical sums that some expect to make but good enough for me.

I'm not going to predict what this hanging trade will do although I find the movement of yesterday afternoon quite amazing. I receive 2 emails each day from FxPro predicting what will happen in the next few hours. I really enjoy these because I do not manually trade. If I followed the advice as soon as the emails are received, I'd be totally broke. Does anyone?

We'll soon be putting up on the members site the live results analysis for EZE008 for June and July and EZE016 for July. The live trading accounts will continue to be published as well. I think all EA vendors should do this. After all, if you aren't prepared to put your own money into trading your EA, why should anyone else?
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on July 31, 2010, 02:07:49 PM
Totally agree with all the 9s. 

Work out what you could lose before you look at what you may win. 

Always know how big your loss could be and if you and your account can stand a couple of those at least!  Slow and steady wins the day, there's no point in forex trying to gain it fast with a number of big wins only to lose it all with one big loss.  Been there, done that, got the Tshirt taken off my back!

If you make a mistake - get out!  Learn from the harsh lesson and live to fight another day.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 01, 2010, 09:48:24 AM
Today we have published an analysis of all our live results for EZE008 from June and EZE016 from July. These are available in the members area.
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on August 01, 2010, 10:06:38 AM
Thanks 999, but I think that it would be interesting if you name at least some of the brokers.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 01, 2010, 10:14:22 AM
Thanks 999, but I think that it would be interesting if you name at least some of the brokers.

Because experimental settings are used on some brokers. naming those brokers would be unfair. A true comparison between brokers would only be possible if we ran exactly the same settings and pairs on each broker. I know it's frustrating but I wouldn't want to see a broker rubbished because of losses on some trial settings.
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on August 01, 2010, 10:29:10 AM
At least some of the brokers, with recommended settings?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 01, 2010, 10:53:45 AM
At least some of the brokers, with recommended settings?

OK. We'll look at compiling a list for members of brokers which run EZE008 with satisfactory results using the recommended settings. But we'd like another month of live running first.
Title: Re: Easy Forex (ezefx.com)
Post by: jaychiew on August 02, 2010, 08:20:10 AM
GU trade, both demo & real acct hit SL. I'll take a break from this one.
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on August 02, 2010, 08:43:03 AM
first SL on GU, 210pips lost
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on August 02, 2010, 08:46:51 AM
Yeah 2nd stop loss for me ,this EA doesn't fit with my preferred criteria for EA's
I.E. Large SL with small TP
I will wait to see what the version 16 has to offer but I won't be continuing with version 8
Title: Re: Easy Forex (ezefx.com)
Post by: michael on August 02, 2010, 09:42:47 AM
Yeah 2nd stop loss for me ,this EA doesn't fit with my preferred criteria for EA's
I.E. Large SL with small TP
I will wait to see what the version 16 has to offer but I won't be continuing with version 8
GBPUSD trade hit SL of 211-pips on FXDD live, -$1,272.57 (incl. swap) in my application.  The biggest loss from a single trade in my limited trading career!

Of course, I ran EZE008 in what the developer called "conservative" mode, with all default settings, 10% risk, etc.  Before using EZE008, I was fortunate enough to have seen my trading account balance up by nearly 10% this year.  The S/L effectively ate up all the profits from seven months of trading, and then some. 

The developer stated on his website that "EZE008 has been designed with the emphasis on not losing money."  He went on to state that "EZE008 uses a number of options which should satisfy the requirements of most traders.  These include: ... Manual or automatic timed profit reduction even allowing a wavering trade to close at a loss if desired."

I want to know exactly what features are employed when designing/emphasizing EZE008 not to lose money.  In particular, if there was "automatic timed profit reduction" to allow a wavering trade to close at a loss, I was wondering why such feature had not activated even when the price twice came down close to entry level (breakeven point): the first time at 07.28 08:45 GMT and the second 07.30 10:30 GMT.  I am certain that most users would very much like to hear about this.

Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on August 02, 2010, 10:20:32 AM
Michael, for you to lose that much money in one trade you must have this thing set at full force. If this is a live account, Wow, i feel for you. Only had 2 trades in the past 2 weeks, but from what i have been reading with all these losses i consider myself fortunate.
I am getting paranoid, i may shut it down myself before i get bit. I think eze016 due to come out October 2nd which is a long ways off.

Good Luck
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: spiggys-cat on August 02, 2010, 11:50:35 AM
Ouch Micheal!

im not running a GBP pairing on anything at the moment - being my native currency im watching what our brave new world Coalition government comes out with.  Im also hearing and coming across genuine hardship cases in my Real world shop and workshop - Im battening down for a double dip so dont know how the pound will react to all that.

July was a fairly poor/quiet month for me on EZE 8 but i still made money.   
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 02, 2010, 12:42:14 PM
We have started August with a stop loss on GBPUSD. This is very unfortunate for those of you who have started trading this pair live very recently and has, as I expected, led to a number of disparaging, even despairing, posts. I'll try to answer each of these one by one but would like to make some general comments first.

Backtests and live trading indicate that this is the third stop loss for GBPUSD in 26 months and that during this period the pair overall remains profitable. Of the 7 brokers I used to run this pair with EZE008, 5 hit this stop loss and one took a stop loss last month but did not take this trade.

Prior to this loss I had made 195 live pips per broker with EZE008 on this pair from April so I am now down about 15 pips. I trade for the long term so regard this as a blip. Although every stop loss is painful, each new trade opened has an element of risk. Although we have sacrificed a degree of profitability with our EZE008 settings in order to reduce the incidence of stop losses, they will still occur.

GBPUSD has risen 680 pips in 12 days and is still rising as I write this. This may be good for some trend trading EAs but EZE008 does not perform as well over a period by using its trend detection capabilities to override trades. Similarly, using the breakout or volatility filter settings to inhibit trades gives less profitable results although they could have prevented the trade if used. The profit reduction settings are not used by us either for the same reason although they could have forced this trade to close on Friday with a loss of 10 to 20 pips rather than today with 210.

EZE008 is billed as being for the "more experienced trader". I now feel I should have defined this term more precisely. "Due diligence" seems to be a commonly used term nowadays but in my opinion. care and caution are always essential in trading and this especially applies to loading and running an EA which is new to you. We show live account results and, from last weekend, live analysis of EZE trades. It should be obvious from reading these that we are sufficiently confident in EZE008 to run it live on 10 currency pairs across 17 brokers. We had 2 stop losses in June and 5 in July but have still made 1,992 pips live profit for these 2 months. These figures include losses from experimental pairs and trials with brokers new to EZE008.

I felt that an experienced trader would certainly start by running backtests to verify performance from May 2009 and then run using our recommended settings on demo accounts for at least one or two weeks before going live. We allow unlimited running on demo accounts for just this purpose. I have been surprised at the number of members applying for live account keys just a few hours after joining but assumed these traders would be using very low risk settings for a while. In some cases at least, these assumptions are obviously wrong.

From some of the comments received, it seems likely that there are a number of traders who have just loaded EZE008 and run it on a live account without carrying out any testing or reading the manual in detail. I apologise to you if the information you have received has led you to think you could do this without any risk of a stop loss. So I would welcome comments from anyone who can provide me with reasonable advice on how we could have presented EZE008 to you in a way which would have forced you to do due diligence before running live. The only thing I can think of at the moment is to refuse to issue live account keycodes for at least a month after a new member joins and then to insist on some kind of proof that testing has been carried out.

As far as EZE016 is concerned, it has the capability to make much more money than EZE008. It can also lose much more money as well. Our first month published live trading has yielded 1,707 pips over 3 pairs on 7 brokers despite stop losses, experimental settings and most pairs only being loaded in the last week of the month. We have a prospective start date of 2nd October for this but I will have to ensure that if it is released on this date there will be suitable warnings and perhaps buyers should sign a declaration of competence? OK. I'm tending toward the paranoid perhaps.
Now to deal with the comments received. I have no intention of getting involved in the type of arguments I have seen proliferate on other threads but feel it is reasonable to respond here where appropriate. It is a typical "sods law" situation where a stop loss is hit in the first week of trading but this is like your lottery numbers coming up in the week when you forgot to buy a ticket.

----------------------------------

Jay. I'm surprised you were still continuing to trade EZE008 as you had so little faith in EzeFX that you cancelled your subscription last Wednesday after only 6 days. I can understand your early departure if you were so unhappy with the site, method of approach or function of the EA you just
wanted to bail out straight away and get your refund, but to still run the EA live?

James. We'd all like to make money with huge TP and small SL. I know this can work with manual trading but haven't yet seen a longer term profitable EA do it. EZE008 can make more money by not using the recommended settings but at the expense of more stop losses. The most obvious of the settings changes is to up the TrailingStopStart to lock in at a higher profit and/or change the ScaleTS to rapidly increase the amount of retracement the trade can absorb before continuing with a trend.

Michael. I am so sorry for your situation. Probably nothing I can say will make you feel any better except that the same thing happened to me soon after I started trading and I lost a lot more than $1,200. As I expained above, EZE008 contains all the features you mentioned but these are not automatic. In an attempt to give maximum flexibility to traders experienced with the use and customisation of EAs, all these features are able to be switched on and off by modification of the settings. We run with all these filters off because we weighed our risk/reward requirement accordingly. I have explained some of this in my text above and the settings are described in the manual. Could we have made all this clearer? Well, there is always room for improvement and we shall endeavour to do this.
Title: Re: Easy Forex (ezefx.com)
Post by: forexma on August 02, 2010, 12:46:22 PM
Althought the developper of this system looks very honest and is one of the few showing live account results I still consider this EA very very risky. It has very poor RR ratio and as it happened today(201 pips SL) it will happen again and it won't be limited to only 1 SL. In few words: 2 SLs can wipe 1, 2 or more months of profits. DD is normal for every trading system but risking your 2 month's profit in a single trade is crazy. This is only my humble opinion I had from the day this EA's thread appeared here and it was confirmed today.
Title: Re: Easy Forex (ezefx.com)
Post by: jamesfrance on August 02, 2010, 01:01:47 PM
"James. We'd all like to make money with huge TP and small SL. I know this can work with manual trading but haven't yet seen a longer term profitable EA do it"

I appreciate your comments 999 but I am not looking for an EA with huge TP and small SL,although that would be nice,I am just looking for a reasonable risk reward ratio and as
forexma states multiple SL's which can and will happen will take months to recover from.
I would rather walk up the hill at a steady pace than go at it full tilt having to stop several times on the way.
I also agree with forexma that you seem to be a very open and honest vendor and for that I will continue to follow your EA developments but for the moment V8 does not do it for me.

Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: djguy52 on August 02, 2010, 06:15:24 PM
Why does my scripting say trading closed at this time. Is this because it does not trade during these hours or is something wrong? It is 12 noon CST.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 02, 2010, 06:19:32 PM
Why does my scripting say trading closed at this time. Is this because it does not trade during these hours or is something wrong? It is 12 noon CST.

We run with the setting weekend=0 which closes for trading at 1200 GMT Friday and reopens 1200 GMT Monday which is our recommended setting. Any open trades will still be monitored and actioned where necessary.

If you want to open trades between these times you can set weekend=1.
Title: Re: Easy Forex (ezefx.com)
Post by: jaychiew on August 02, 2010, 07:46:31 PM
 I was still running your EA after I cancel my subscription because of your GU dangler. After GU closed at SL, I closed all your EA out before even your posting. No worries, I was just trading 1 micro lot on real money. I have not ruled out your EA yet, but I will stay out of the water and see from the sideline.

There are two major reasons why I am not moving forward with your EA:

1. Are we so unlucky that we just happen to hit SL on GU based on the statistics like you mentioned? Maybe. But the odds are not in your favor. Time will tell how good this EA is.

2. Also, the GU trade had discrepancies with your statement which I dislike. In page 11, you mentioned the GU trade actually closed at a PROFIT. Most of us did not experience this. I don't know where this issue is.

Whenever stuff like these happens early in any EA, I always pull out and sideline for the next 3 months. Good luck and be in touch. I am have not rule you out yet.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on August 04, 2010, 10:07:44 AM
Finally had my 3rd trade yesterday on eur/usd and unfortunately hit SL during the night, not a good thing to wake to. ???

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on August 11, 2010, 01:24:31 PM
Hey 999, how are you comming with EZE016. Seems like this thread has died some, let us see your results on how it is performing up to now.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 11, 2010, 02:24:20 PM
Hey 999, how are you comming with EZE016. Seems like this thread has died some, let us see your results on how it is performing up to now.

CAJUN

Have been struggling for over a week with hardware problems on my main PC so no opportunity to do anything other than get it fixed (and cope with 3 active grandchildren!). No problems with the servers though so will continue with analysis of results this weekend.

The EZE016 published demo started on 13th July and as at this morning is recording USDJPY -607 pips, EURUSD -104 pips, CHFJPY +433 pips and EURGBP +435 pips.

Two instances of EURGBP with different settings have been running to test these work correctly on one account. As one is clearly performing better than the other, I am keeping this and have closed the other to new trades to let it run out. I have reduced the risk on USDJPY for the time being and  will probably introduce new pairs to the account at the weekend.

Bearing in mind that this is one of the first forward tests for EZE016 with previously untried pairs and settings and all running at comparatively high risk with no direction filters operating, I am lucky not to have lost my shirt on this account. I hate losing, even if it's with monopoly money so may change some other settings as the tests continue.

I am running some live EZE016 pairs with varying results so far but there are encouraging signs even in this holiday month.
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on August 11, 2010, 02:57:07 PM
Thanks for the update, yeah the USD/JPY has not been a good pair lately that is the reason i quit running it with Skyline, although i am thinking of bringing it back as other people are doing o.k. with it at this time.
Keep us informed and don't let these grandkids get the best of you, i have a few of my own. ;D

Good Luck
CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: mpetersrx7 on August 11, 2010, 04:37:30 PM
Another SL on E/U last night for me.  That's 2 S/L and only a couple very small wins.  Ouch.  Guess I am sitting this one out for a while.

Mark
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 12, 2010, 09:52:28 AM
Another SL on E/U last night for me.  That's 2 S/L and only a couple very small wins.  Ouch.  Guess I am sitting this one out for a while.

Mark

I took the last SL also. But on my published live account, this is the only SL since I started EZE008 on this account running 4 pairs on 20th April. I have been confident enough to add funds to this account twice since that date and it is still well up in both pips and profits.

I run 3 different settings on EURUSD and picked one to publish for members because historically it performed better than the others. Of course, Murphy's law ruled that this setting and the GBPUSD setting I published hit SLs during the first 2 weeks of our offer.

EzeFX solutions will continue to be profitable in the longer term and I am continuing to run more than 50 EZE pairs live plus many more on test so we can publish new pairs and settings in the near future.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 18, 2010, 09:34:29 AM
Please note that the EzeFX $1 startup and money back offer will close to new members on Saturday 21st August.

Members should read the stop press section regularly for updated advice.

Stats for EZE008 & EZE016 live are at http://999cjb.mt4stats.com/ (http://999cjb.mt4stats.com/)
Stats fo EZE016 demo are at http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/)

A developer blog will be added to the member site shortly.
Title: Re: Easy Forex (ezefx.com)
Post by: Redbaron517 on August 18, 2010, 05:26:17 PM
Hey 999,
How do you take advantage of the $1 startup and money back offer? I went to the web site and only saw the standard $25 price. Do I need a special code for this?
Thanks,
Dan
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 18, 2010, 05:45:44 PM
Hey 999,
How do you take advantage of the $1 startup and money back offer? I went to the web site and only saw the standard $25 price. Do I need a special code for this?
Thanks,
Dan

Yes, just send me a PM with your email address and I'll send you a code.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 19, 2010, 06:01:08 PM
New currency pair and developer blogs are now on the member site.
Title: Re: Easy Forex (ezefx.com)
Post by: richdad711 on August 20, 2010, 01:39:57 AM
hi 999, how about the set file for EURGBP? it seems to be doing well on your mt4stats.

cheers
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 20, 2010, 07:05:37 AM
hi 999, how about the set file for EURGBP? it seems to be doing well on your mt4stats.

cheers

Our EURGBP stats relate to EZE016. We are not happy that EURGBP performs well on EZE008 so far. USDCHF is our latest offering for EZE008, released yesterday.

At  http://999cjb.mt4stats.com/ (http://999cjb.mt4stats.com/) , EURUSD and USDCHF are running EZE008 and EURGBP are running EZE016. At http://EZE016.mt4stats.com/ (http://EZE016.mt4stats.com/) all five pairs are running EZE016.
Title: Offer Late Entry Applications
Post by: 999cjb on August 21, 2010, 07:50:02 AM
I have just been informed that coupons issued for the free offer have expired and that some of you have not received your offer email and attachment.

If you have PM'd me for an offer coupon and have either not received it or not used it, please PM me again and I'll PM you a new offer code with a 30th August expiry.

The offer document should be read at http://www.ezefx.com/theoffer/EzeFXfreeOffer.pdf

Sorry for any inconvenience.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 26, 2010, 11:05:14 AM
We are going to remove the EZE016 stats being shown at http://eze016.mt4stats.com/ (http://eze016.mt4stats.com/) as this is running on an Interbank FX broker account.

They are now prohibiting all hedge trading and as this is one of the functions of EZE016 performance is being inhibited. In addition, some trades are being lost due to the high spreads encountered at various times. We are also removing EZE016 from an IbFX live account.

Next week, we'll replace these stats with new trading via another broker allowing hedging. Fortunately there are plenty of these left.

EZE008 does not hedge so should still run OK with IbFX.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 11, 2010, 03:25:59 PM
One of our members asked me for an update today on EZE016 and expressed disappointment with EZE008. I thought I'd post a section of my reply here as it may be of interest.

Until August, we had been averaging 550 pips profit each month using EZE008 on our live accounts. This from running about 20 x EZE008 on 5 different pairs. August was dreadful, losing 850 pips. Of course, this happened just after we had made the DF offer in the "silly season". In hindsight, we should have known better. Now things are back to normal, we made 506 pips with EZE008 in this last week. We are still working on updates to EZE008, one of which allows us to trade all day on EURUSD using the H1 timeframe. However, the point is that August was a huge blip in what has been a good profitable run for EZE008 and overall we are well ahead in both pips and money trading this robot live.

EZE016 is still on schedule for release on October 2nd. We have been running 3 demo accounts with a total of 11 x EZE016 on 5 different pairs. All are very profitable overall althought there have been (and still are) some significant open drawdowns. For example, one account running 5 pairs has made almost 22% profit in just over 2 weeks with drawdown averaging 15%. EZE016 is very "busy" for a non-scalper, closing between 2 and 4 trades per day on each pair. Our other major demo account is invisible at the moment as IbFX have the annoying habit of closing their demo server over the weekend.

The major advantage of EZE016 over EZE008 is that in being able to take multiple trades, a drawdown lasting perhaps one or two weeks will not stop that pair continuing to trade and we are finding the profits made during a drawdown period will exceed a full stoploss even if it occurs. While EZE016 can continue to operate profitably on broker accounts where hedging is not allowed, the hedging ability of EZE016 is one of its best attributes so we shall encourage its use on broker accounts allowing hedging.

Next week we are replacing EZE016 version 9 with version 103 which has a number of new features including proper money management and seamless 3/5 digit broker handling. There is also a new hedging control setting to reduce risk. This works by limiting the number of unidirectional trades allowed for one currency pair and although the result is lower profitability, the tradeoff is the ability to use the lower risk factor to increase lot sizings. The initial release of EZE016 is likely to be our "auto" version in which you simply set basic requirements such as risk and hedging and the robot applies its predefined settings for everything else. We expect to release a "professional" version later in which more settings are exposed and may be overridden by the user.

The price (still unconfirmed at present) for EZE016 will include both auto and pro versions when available. Members will receive attractive discounts for EZE016 and future EZE robots depending on their length of membership so it will really pay to be a member.

I still try to regularly contribute to the DF forum where I can be helpful. But I have been noticing that no robot has really been doing well during the summer (if you are in the Northern hemisphere!) and that traders seem to be resorting to strange, even desperate measures to try to find a winning formula. Our team are trying really hard to make our robots perform to the best of their ability but it should be remembered that the direction of future trades can never be predicted with certainty and the markets will always be capable of surprising even the most competent trader.

So the way forward is to find one or two robots which are capable of beating the odds, supported by a dedicated team, continuing to be developed and improved and stick with them through difficult times rather than aimlessly hunting round through the over-hyped rubbish for something better in a spiralling downward trend.

We intend to publish our live and demo up to date results from links on the main ezefx.com site. These will be using the mt4live and mt4stats facilities. We feel that continued real life publication will build confidence in our products and services and intend to use this method of recruitment in the future.
Title: New EA with 11 Year Backtest
Post by: 999cjb on October 24, 2010, 11:24:04 AM
We have been quiet on the forum for some time but have not been idle. Earlier this month we introduced EZE018 which addressed the issues some of you had with the occasional large stop losses.

We have now released EZE020 which is a long term trend trader backtested using a number of brokers for the full 11 year period for which MT4 data is available.

So we are now offering three robots FREE OF CHARGE to members.

But you don't need to be a member to view the backtests. These can be seen from our main website home page at www.ezefx.com by clicking on "The EZE020 Results are HERE".

Of course, you can have the software as well. Just become a member  :)
Title: Re: Easy Forex (ezefx.com)
Post by: CAJUN on October 24, 2010, 04:19:58 PM
999, what pairs are the new versions trading. Also can the TP and SL be set manually. Are you running these new versions live, if so what are the results.

CAJUN
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 24, 2010, 04:49:06 PM
999, what pairs are the new versions trading. Also can the TP and SL be set manually. Are you running these new versions live, if so what are the results.

CAJUN

EZE018 runs EURUSD AUDUSD USDCHF GBPUSD and USDJPY. We'll be testing other pairs soon.

EZE020 only runs EURUSD at the moment. Takes a long time to test as you can imagine.

EZE018 has maximum TP of 120 and maximum SL of 100. Internally they are adjusted from 120 to 0 and 100 to 0 depending on conditions. The values cannot be adjusted in the released version and we feel there would be no point as results with other values are not as good.

We have just started running both EAs live this month. The live results will be published as soon as we have tidied up following the double release and have set up suitable accounts for progress tracking.
Title: Re: Easy Forex (ezefx.com)
Post by: jeffstar on October 24, 2010, 08:02:21 PM
Hello.  Looking at the backtest for EZE020 I am confused about the lot sizing and type of account.  The back test seems to be a mix between three different types of accounts.  The lot sizes are based upon a 1k, 10K and 100K account.  If you count the pip value for each closed trade you will see that it varies.  I might be wrong and if so please explain?  I can give you the dates for some examples of pip count and $ value of each pip.  Thanks.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 24, 2010, 10:39:11 PM
Hello.  Looking at the backtest for EZE020 I am confused about the lot sizing and type of account.  The back test seems to be a mix between three different types of accounts.  The lot sizes are based upon a 1k, 10K and 100K account.  If you count the pip value for each closed trade you will see that it varies.  I might be wrong and if so please explain?  I can give you the dates for some examples of pip count and $ value of each pip.  Thanks.

Yes please. If there is anything wrong with the information we have provided, we'd obviously like to know as soon as possible. There are 2 backtests for EZE020 covering an 11 year period, one uses a fixed lot size and the other uses money management to update the lot size as the free margin changes. So as the account balance increases, the lot sizes increase automatically. These are unchanged backtests taken straight from the printed results and converted to pdf.

The spreadsheet has two examples. The first is using a starting balance of $10,000 with low risk and the second uses a starting balance of $1,000 with high risk. The only reference to $100,000 that I can find is the $100,000 profit made over the period which started with $10,000 and used low risk.

The third backtest is for EZE018 and provides an example of this EA over 17 months. If you need any more explained, please let me know.
Title: Re: Easy Forex (ezefx.com)
Post by: jeffstar on October 25, 2010, 01:17:12 AM
Thank you for the reply.  I looked over the statement again and see that everything is correct.  I apologize for the doubt. I was reading the buy or sell to close incorrectly.

Everything looks good.   :)

Jeff
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 30, 2010, 11:23:29 AM
After just 2 weeks of live running EZE018 is 408 pips up. The best result this week was a 122 pip TP with AUDUSD buy trade on Wednesday through Thursday. Hope some of you got that one as well.

Backtests on www.ezefx.com include EZE018 now. Later today there will be EZE018 broker results for 6 brokers and 5 pairs on the member site.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 03, 2010, 12:52:01 PM
Had some feedback from one of our members this morning. They are running EZE018 and EZE020 on the same account, both with EURUSD. EZE020 had locked in a buy profit at 75 pips and was moving on up. Then there was a retracement. EZE018 opened a sell as the retracement started and had then also locked in a profit.
Nice one I thought. Guaranteed profits whatever happens. But only if your broker supports hedging of course.
Title: Re: Easy Forex (ezefx.com)
Post by: jamestan1978 on November 03, 2010, 01:02:30 PM
hey guys, what is the stoploss like?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 03, 2010, 01:45:06 PM
hey guys, what is the stoploss like?

SL on EZE018 is 100 pips. But it has early exit coding so the full SL is almost never hit. EZE020 is a long term trend trader with 380 pip TP, 480 pip SL and 75 pip TS. Has solid backtest results over 11 years.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 04, 2010, 07:31:03 AM
Our demo EZE020 account is now 7% up since 20th September with all profits locked in. Time to load up our live accounts I think. This account is running 1 x v1 EA and 1 x V2 EA each at 10% risk per trade.

Latest version is V4 so we'll go live on this one.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 07, 2010, 03:08:55 PM
We have found a bug affecting EZE018 and EZE020 when closing trades if using money management.

These have been fixed and EZE018 now offers nine currency pairs in total. Members should download the latest versions EZE018v003 and EZE020v006 from the member site. An updated EZE018 Broker Results page will show you which pairs are best with each broker. There are now 12 brokers on the list.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 18, 2010, 10:29:31 AM
We are releasing version 003A of EZE018 this weekend. It has a few minor mods designed to increase profitable trades. Download from Sunday in the members area.

Talking of profitable trades, here's one we made earlier  ;D ;D ;D
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 27, 2010, 08:42:52 AM
This has been a very good week for EzeFX. We are now running 5 EZE EAs on our live accounts, 2 of which are part of our members' free EA programme.

EZE018 is our retracement EA, generally trading from the close of the Euro/UK sessions to the close of the US session. We have 44 x EZE018s running on six currency pairs with 20 live broker accounts. During the last 2 weeks we have gained a total of 2,309 pips, almost half of which came from AUDUSD.

EZE018 generally trades against the main trend so there is always a danger of a strong trend following through the US PM session and causing us to lose. This last happened on 9th November with USD rising strongly. But this is quite unusual and EZE018 continues to be a strong performer.

EZE020 is our long term trend following EA which has a solid backtest record across a number of brokers for a full eleven years. This is our first month live with EZE020 and we have 5 x EZE020 running on EURUSD with 5 live broker accounts. EZE20 has a "settling in" period of a few weeks until it locks into the major trends so we are not surprised it has made only 60 pips this month overall.

But this week, hooking onto the EURUSD sell trend, we finished up with 5 trades in progress with a total of 1,481 pips gained so far of which 980 are locked in and protected by trailing stops. As predicted by the backtests, results are remarkably consistent across all brokers so we intend to increase the number of EZE020 EAs running in December.

We have just started running EZE023 which may become part of the free programme. This is a scalper which has already collected 170 pips this week so we'll add more next week.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 29, 2010, 09:54:09 AM
Nice start to this week. EZE020 EURUSD sell trade at 1.3565 closed at 1.3186.

379 pips profit. That's the most pips I have ever made from one trade with an EA.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 29, 2010, 12:40:42 PM
Our other 4 x EZE020 have now all closed for 380 pip TP each. The 6th EZE020 we put on over the weekend has also hit and passed its 75 pip TS.

Members who were brave enough to join us and run this new EA will be celebrating with us today.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 06, 2010, 09:25:55 AM
Thought I'd post this statement from the member site. Enough said  ;D

Last week (28th November to 3rd December) was our best ever trading week with a total of 3,825 pips gained. 2,295 came mostly from the full TPs on five of our EZE020 robots. The new EZE020 trades are now in a loss situation but this is to be expected and is part of the EZE020 trading style. EZE018 made 695 pips, again mostly from AUDUSD which is the most successful EZE018 pair. Our new EZE023 made 349 pips.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 31, 2010, 10:49:57 AM
Please be advised that from 1st January 2011, all free subscriptions to EzeFX will be terminated. Free subscribers are most welcome to re-subscribe using the standard paid subscription format.

At the same date, all paid and rebated subscriptions will no longer have the rebates applied and subscribers may either continue membership on a paid basis or cancel their membership.

This directive has come from the EzeFX principals who wish to simplify the membership administration which has become over-complicated during 2010. This will enable us to direct additional resources towards improvement of our robots and accelerate future developments.

Members will enjoy significantly improved benefts in 2011 including a much wider choice of robots which are in development now. New robots will all be chargeable in the future but will be free to members with a subscription current at the time of release so it will really pay to keep your subscriptions up to date.

We would like to wish everyone a happy and prosperous new year.

Regards
EzeFX Team
Title: Re: Easy Forex (ezefx.com)
Post by: deweymcg on December 31, 2010, 03:07:25 PM
I just found this thread and it looks interesting. However, I don't see any detailed backtests or forwards tests to evaluate and determine if this os worth trying out. Is there a link I am missing where I can see this stuff?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 31, 2010, 03:46:43 PM
I just found this thread and it looks interesting. However, I don't see any detailed backtests or forwards tests to evaluate and determine if this os worth trying out. Is there a link I am missing where I can see this stuff?

Go to www.ezefx.com (http://www.ezefx.com) and click on "The EZE020 Results are HERE" which will provide some backtests run in October/November.
Title: Re: Easy Forex (ezefx.com)
Post by: trader23 on January 02, 2011, 12:00:20 AM
Does the monthly membership get you all the EAs or do you have to pay extra for them?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 02, 2011, 08:33:34 AM
All the existing EAs are free to new members joining at the moment. New EAs which have not yet been released may be free to all members or chargeable to those who were not members at the time the EA was released.

Put simply, if you become a member within the next two weeks and stay a member, all EAs are (and always will be) free.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 03, 2011, 10:34:16 AM
Extract from our members pages:-

EZE018 V4 is the latest version of our retracement robot. Apart from the expected V3 bugfixes, V4 has additional early exit software to detect and close potentially bad trades before they reach a full stop loss situation. V4 is now even simpler to setup with settings for each currency pair made automatically. We have increased our backtest period from 18 months to 2 years to give better feedback.

On average, V4 has a 50% increase in profit factor over V3 so we are confident enough to transfer all our own applicable live accounts to V4.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 03, 2011, 11:20:58 AM
A typical EZE018 V4 backtest can be seen at http://www.ezefx.com/StrategyTesterEZE018v004eurusd.htm  (http://www.ezefx.com/StrategyTesterEZE018v004eurusd.htm)
This was carried out on a live account with Alpari UK.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on January 29, 2011, 08:47:01 PM
Anything new with EZ EA?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 30, 2011, 08:49:11 AM
Anything new with EZ EA?

Hello pmacel. Thanks for asking. We have dropped EZE008 from our free EAs and at the moment are offering EZE018 and EZE020. EZE031 is expected to be released in February and will also be free to members current at the time of release.

As well as free EAs and other useful information, members are provided with weekly live results analyses. Here is an extract from last week:-

EA        Pair         Total pips   Average pips per broker account

EZE018 EURUSD        27                   3
    "       AUDUSD       19                    3
    "       GBPUSD        47                  12
EZE020 EURUSD       776                129
EZE031 EURUSD       542                  42
    "       USDCHF         28                  14

Total for free EAs   +1,439                     
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 06, 2011, 07:50:05 PM
Here are the EzeFX live account results for the EAs which are (or will be) available to our members for last week.

EA        Pair         Total pips   Average pips per broker account

EZE018 EURUSD         6                    1
    "       AUDUSD       81                   30
    "       GBPUSD      146                  37
EZE020 EURUSD       330                 55
EZE031 EURUSD       867                 62
    "       USDCHF         32                  6

Total for member EAs   +1,462                     
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 06, 2011, 12:51:56 PM
This is an extract from our member pages today.

"We have now been running EZE020 live since October last year and it has performed exactly as expected and in line with our 11 year backtest. It is largely unaffected by broker, spreads or high impact news items and continues to deliver profitable results. We are starting to install more instances of EZE020 across our range of live accounts as our confidence in this long term robot increases still further. We recommend that members do the same."

As of this weekend, our EZE020 EAs are showing a live trade in profit by just over 200 pips. Of this, 75 pips are locked in profit while the trailing stop gap has increased to 125 pips.

EZE020 is a "boring" long term EA which makes money. That's it  ;D
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 21, 2011, 03:00:42 PM
From our developer blog today:

Sorry we are late with our latest results. This is due to some of our Brokers being offline for most of the weekend so we were unable to collect the stats we needed.

Despite the uncertain market conditions caused by world events, we made a net gain of 1,821 pips last week.

If you put on some EZE020's last week as we advised, you will be pleased with the outcome so far. We made a total of 379 pips on EZE020 and are also sitting on locked in profits of about 80 pips with each robot.

All EzeFX robots made good gains last week (check out the live results) so we are allowing the existing setup to continue as is. We are halting development for a week at the beginning of April while we complete our changeover to a new and more powerful server so our first April blog may not be for a while.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 27, 2011, 12:42:06 PM
A nice relaxing and very successful week for EzeFX members. Here are extracts from our member reports.

Results:-
We are thrilled to report that week 4 of March has seen the largest live account pips gain we have ever recorded. We made 4,658 pips in total with all robots recording gains. As we predicted on 6th March, EZE020 has continued to perform well and the eight accounts running this robot recorded a total of 1,191 pips this week, an average of 149 pips per account. EZE018 is now also performing steadily and has gained in 5 of the last 6 weeks.

Development:-
OK. We admit it. We didn't do too much this week. Just enjoyed some rare sunshine and watched our robots make money. We know that some members say EZE020 is "boring" but since we installed the first live EZE020 at the end of October last year it has made a total of 3,733 pips and we are now running it on 8 live accounts. Almost as boring as leaving your money in a bank perhaps but far more lucrative.


Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on March 27, 2011, 01:04:12 PM
Hi
do you have any live or demo statements? I can see just backtest results on your site.
Title: Re: Easy Forex (ezefx.com)
Post by: namrfigk on March 27, 2011, 01:15:38 PM
anyone using ezfx and has any experiences to share?

thanks and best regards
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 27, 2011, 03:27:29 PM
Hi
do you have any live or demo statements? I can see just backtest results on your site.

We are not showing live statements as until very recently we have been running EZE020 with up to 5 other EAs in each live account. But from 14th March we are running EZE020 on its own in one small live account. This broker has defied all our attempts to run profitable EAs so EZE020 has been put on as a "last resort" prior to ditching the broker altogether as EZE020 does not seem to care about differences in brokers.

So far this installation has gained 168 pips but it's very early days of course.

Of course, published backtests and even live results are not necessarily the same as running on your own broker account. The first month's membership of EzeFX is only $25 and for this you can download the 2 free EAs and loads of other stuff so you are not being asked to mortgage your house or pawn your jewellery to find out for yourself.

namrfigk. You could always join and share your own experiences perhaps?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2011, 11:24:08 AM
Over 10,000 pips in 13 months  :D

I am pleased to report that our EzeFX live accounts have, with the addition of another 670 pips this week, made 10,008 pips since March 2010. This figure includes a loss of 649 pips on our remaining fapturbo EAs which are being phased out so our EzeFX EAs alone have actually made 10,657 pips.

Of the two EAs provided free with EzeFX subscriptions, EZE018 has proved disappointingly slow, having made just 286 pips in March. EZE020 continues to perform as expected and in line with its 11 year successful backtest, making 2,566 pips in March.

I have never been one to try to sell anything by hype and freely admit that some of our earlier EzeFX offerings have not been as successful as we would have liked. But EZE020 really is different.

If you have a broker account which constantly fails to make you any money despite trying a number of "fantastic" EAs, why not join EzeFX and load up EZE020. If you know the story of the hare & the tortoise you will know which was the winner. EZE020 is our tortoise, making us 3,949 pips since we installed it on our first broker at the end of October 2010. We now run 8 x EZE020 EAs ourselves and will be increasing this soon.
Title: Re: Easy Forex (ezefx.com)
Post by: forexforever on April 02, 2011, 11:42:13 AM
Over 10,000 pips in 13 months  :D

I am pleased to report that our EzeFX live accounts have, with the addition of another 670 pips this week, made 10,008 pips since March 2010. This figure includes a loss of 649 pips on our remaining fapturbo EAs which are being phased out so our EzeFX EAs alone have actually made 10,657 pips.

Of the two EAs provided free with EzeFX subscriptions, EZE018 has proved disappointingly slow, having made just 286 pips in March. EZE020 continues to perform as expected and in line with its 11 year successful backtest, making 2,566 pips in March.

I have never been one to try to sell anything by hype and freely admit that some of our earlier EzeFX offerings have not been as successful as we would have liked. But EZE020 really is different.

If you have a broker account which constantly fails to make you any money despite trying a number of "fantastic" EAs, why not join EzeFX and load up EZE020. If you know the story of the hare & the tortoise you will know which was the winner. EZE020 is our tortoise, making us 3,949 pips since we installed it on our first broker at the end of October 2010. We now run 8 x EZE020 EAs ourselves and will be increasing this soon.

i have been watching the results here and have been interested in your EA but i see it made 10000pips but that is over a lot of accounts do i dont see it as been a treu 10,000 pips. just like it i run an ea on 1000 accounts and make 5 pips on each accounts its not 5000 but 5 pips right.

so if u take the all the pips and divide by all the accounts how many pips on average does a single account make each month, for version 18 and version 20?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2011, 12:39:22 PM
Over 10,000 pips in 13 months  :D

I am pleased to report that our EzeFX live accounts have, with the addition of another 670 pips this week, made 10,008 pips since March 2010. This figure includes a loss of 649 pips on our remaining fapturbo EAs which are being phased out so our EzeFX EAs alone have actually made 10,657 pips.

Of the two EAs provided free with EzeFX subscriptions, EZE018 has proved disappointingly slow, having made just 286 pips in March. EZE020 continues to perform as expected and in line with its 11 year successful backtest, making 2,566 pips in March.

I have never been one to try to sell anything by hype and freely admit that some of our earlier EzeFX offerings have not been as successful as we would have liked. But EZE020 really is different.

If you have a broker account which constantly fails to make you any money despite trying a number of "fantastic" EAs, why not join EzeFX and load up EZE020. If you know the story of the hare & the tortoise you will know which was the winner. EZE020 is our tortoise, making us 3,949 pips since we installed it on our first broker at the end of October 2010. We now run 8 x EZE020 EAs ourselves and will be increasing this soon.

i have been watching the results here and have been interested in your EA but i see it made 10000pips but that is over a lot of accounts do i dont see it as been a treu 10,000 pips. just like it i run an ea on 1000 accounts and make 5 pips on each accounts its not 5000 but 5 pips right.

so if u take the all the pips and divide by all the accounts how many pips on average does a single account make each month, for version 18 and version 20?

This is not easy to work out as the number of accounts running each EA varies from month to month. But the first EZE020 was put live 22 weeks ago and there are now 8 live. So if you took an average of 4 live over the whole period, one EA on average should have made 997 pips in 22 weeks so about 45 pips per week. This isn't perfect maths but there is very little perfection in trading forex.

EZE018 is just about impossible to work out as we put loads of EZE018 EAs on last year using various pairs and settings and lost quite a lot until we sorted things out. There are now 8 x EZE018 EAs running which made 286 pips in March so on average 36 pips each EA in the month. As I said, disappointingly slow.

We also run 3 "private" EAs and show the results of these on the members website each week. It is likely that these private EAs (or their derivatives) will be among the free EAs offered to members in the future. One thing is for sure. No EA will again be offered to members on the strength of backtests alone so it may be a few months before additional EAs are ready. This will be after they have been run live for long enough to convince us of their worth in the longer term. Just like EZE020.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 10, 2011, 11:06:55 AM
Well, another very satisfactory week with our live accounts making 2,453 pips.

EZE020 continues to motor on, averaging 88 pips gain on each account with more locked in profits carried over the weekend.  :D Not bad for an EA that's free (to members only).

We'll be updating our home page link soon to show EZE020 backtest results up to date. Backtest results are almost identical to live results, unlike many short term EAs.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 10, 2011, 01:48:19 PM
The EzeFX home and results pages have been updated to show that the last six months results for EZE020 are continuing to provide steady profits as expected.

If you have looked at the pages before and have them cached, you may need to refresh the pages to see the updates.
Title: Re: Easy Forex (ezefx.com)
Post by: forexforever on April 11, 2011, 09:19:51 AM
Over 10,000 pips in 13 months  :D

I am pleased to report that our EzeFX live accounts have, with the addition of another 670 pips this week, made 10,008 pips since March 2010. This figure includes a loss of 649 pips on our remaining fapturbo EAs which are being phased out so our EzeFX EAs alone have actually made 10,657 pips.

Of the two EAs provided free with EzeFX subscriptions, EZE018 has proved disappointingly slow, having made just 286 pips in March. EZE020 continues to perform as expected and in line with its 11 year successful backtest, making 2,566 pips in March.

I have never been one to try to sell anything by hype and freely admit that some of our earlier EzeFX offerings have not been as successful as we would have liked. But EZE020 really is different.

If you have a broker account which constantly fails to make you any money despite trying a number of "fantastic" EAs, why not join EzeFX and load up EZE020. If you know the story of the hare & the tortoise you will know which was the winner. EZE020 is our tortoise, making us 3,949 pips since we installed it on our first broker at the end of October 2010. We now run 8 x EZE020 EAs ourselves and will be increasing this soon.

i have been watching the results here and have been interested in your EA but i see it made 10000pips but that is over a lot of accounts do i dont see it as been a treu 10,000 pips. just like it i run an ea on 1000 accounts and make 5 pips on each accounts its not 5000 but 5 pips right.

so if u take the all the pips and divide by all the accounts how many pips on average does a single account make each month, for version 18 and version 20?

This is not easy to work out as the number of accounts running each EA varies from month to month. But the first EZE020 was put live 22 weeks ago and there are now 8 live. So if you took an average of 4 live over the whole period, one EA on average should have made 997 pips in 22 weeks so about 45 pips per week. This isn't perfect maths but there is very little perfection in trading forex.

EZE018 is just about impossible to work out as we put loads of EZE018 EAs on last year using various pairs and settings and lost quite a lot until we sorted things out. There are now 8 x EZE018 EAs running which made 286 pips in March so on average 36 pips each EA in the month. As I said, disappointingly slow.

We also run 3 "private" EAs and show the results of these on the members website each week. It is likely that these private EAs (or their derivatives) will be among the free EAs offered to members in the future. One thing is for sure. No EA will again be offered to members on the strength of backtests alone so it may be a few months before additional EAs are ready. This will be after they have been run live for long enough to convince us of their worth in the longer term. Just like EZE020.

still chipping away at those pips i see. good work.

if on average it makes 46 pips per month. what is the SL set as for each trade? and what is the risk reward on each trade?

i dont mind making 40 pips a month, if i know it will take a month to recover from a loss and that a loss is very few and far between. also how many trades does it take each month?

thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 11, 2011, 10:07:26 AM
Quote
still chipping away at those pips i see. good work.

if on average it makes 46 pips per month. what is the SL set as for each trade? and what is the risk reward on each trade?

i dont mind making 40 pips a month, if i know it will take a month to recover from a loss and that a loss is very few and far between. also how many trades does it take each month?

The answers to both questions is extremely variable and depends on a number of factors.

I think the best way to find out is to see the 11 year backtest on the website. This has now been updated with the latest 6 months backtest. All the trades are shown so you can work out those figures.

While I'm commenting on the backtest, I have tried to run the full backtest which would now cover 12 years but there seems to be a problem with doing this in MT4 as trades are terminated after just over 11 years. I have tried with 3 broker accounts, both live and demo, checked the code and still get the same result.

If anyone can provide me with 12 years full data (Dukas?) on EURUSD ready formatted for MT4 use I'd be glad to run it and publish the results. Unfortunately I have too much going on at the moment to download and prepare the data myself but would be pleased to publish a credit to anyone able to oblige. EZE020 runs in a 15 minute timeframe but I like to use M1, M5 and M15 to be as accurate as possible.
Title: Re: Easy Forex (ezefx.com)
Post by: intrader on April 12, 2011, 12:04:01 PM
Would anybody really care what happened 12 years ago?

Red
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 12, 2011, 01:11:54 PM
Would anybody really care what happened 12 years ago?

Red

I guess to answer that question you'd need to ask someone older than 12  ;D

But EZE020 is a long term EA. It is designed to make money long term. In the last 12 years trading conditions have changed immeasurably and the EZE020 backtests indicate that this EA just kept making money.

Most EAs are 100 metre sprinters. This one is a marathon runner.
Title: EZE020 Live Trades
Post by: 999cjb on April 16, 2011, 11:55:00 AM
After another good week for EZE020, I thought it would be a good idea to attach a sheet showing one of our live accounts with all the EZE020 live trade results.

As you will see, since installation on 11th November 2010, this EA has made 1,065 pips and $2,497 profit. A pretty good return from a free EA provided as part of the $25 monthly EzeFX membership.

EZE020 trades almost continuously as long as there is a discernible long term trend and is impervious to holidays, high impact news items, bad brokers, spread variations, latency and just about all the other stuff that is so troublesome to most EA users in this forum. Just install it, leave it running and forget about it until you want to withdraw some money.

Those who think I may have "massaged" the figures can check the start and end times of all the trades and compare prices with those of any of your brokers. This EZE020 runs at 10% risk but some of the changes in lot size are due to good (and some awful  :'( ) results from other EAs on the same account.

So far, this EA has more than justified my confidence and ratified its 11.5 year backtest. I am steadily upping the number of instances of EZE020 that I run and the money invested. At the moment it still costs just $25 for you to start doing the same.

There is nothing of the salesman in me and I am almost embarrassed in singing the praises of EZE020. So I'll say no more.
Title: A Great 4 Days
Post by: 999cjb on April 22, 2011, 10:19:43 AM
After sinking into a 200 pip drawdown earlier this week, EZE020 made it all back up and is now sitting on locked in and guaranteed profits of at least 80 pips.

EZE020 is our long term safe home for live account deposits with a 11.5 year track record. We have now increased the number of our live EZE020 accounts to 9. Our total live EZE020 pips gained since the first was installed in October 2010 is 5,936. We emphasise these accounts are running live with real money.

All our robots except EZE020 were closed at lunchtime yesterday and will not re-open until Monday night, so this week's results are for 4 days only. But what a 4 days! We had gains across the board, resulting in a total 3,968 pips increase in our live accounts. The value profits are the largest recorded in any week so far and represent a more than 10% increase in our live account balances.
 
Next week we may only trade for 3 days as the Royal Wedding is on Friday. Our experience tells us that trading standard robots in holiday periods is usually detrimental to performance so another long 4 day weekend as the May Day holiday is the following Monday.

Hope you all enjoy your holidays, we certainly will  :) :) :) :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 30, 2011, 07:13:08 AM
Extracts from our member site:-

30th April 2011

This week we have good news and bad news. Let's get the bad news out of the way first.

We are going to give up on EZE018. Another full stop loss this week has made us question whether we would still be running this robot if we had bought it from someone else. The answer was no. It trades against the trend which is always dangerous and although we have a number of filters to try to prevent a full stop loss, they are not 100% effective. When it makes profits, these are not sufficient to make up the losses in live trading although they did in backtesting so, sadly, we are removing it from our live accounts this weekend and recommend you do the same. This will leave members with only EZE020 at the present time.

Having got that out of the way, there had better be good news and there is.

EZE020

As EZE020 is a long term robot, we just keep running it over the long weekends. This week a number of our EZE020s made a full Take Profit of around 380 pips. The others are holding guaranteed locked in profits of around 200 pips. Of the 9 brokers running EZE020 live, each of those where we installed EZE020 last year (from October) have made in excess of 1,000 pips. One has made a staggering 1,521 pips. Those installed this year have done equally well in proportion. Not bad for a dull, boring, long term robot.

Members whose EZE020s have taken the full TP this week may have noticed that a new trade was not opened immediately, having been stopped by the inbuilt volatility filter. This saved us losing at least 90 pips on the retrace before the next trade which is now open.

EZE024

EZE024 is one of the privately funded development robots we have been running live for some time. Although it lost this week, overall it is capable of making considerable gains and is very profitable overall. We have now concluded negotiations with the owner and are using some of the logic in a new improved version of EZE024 which will be made available to members as soon as live running proves its worth.

Blog:

Our short term robots ran for 3 days this week, a decision we now regret. The holiday mood persisted between two 4 day weekends and we lost 201 pips overall. Some of our losses were quite savage and the results would have been much worse if it had not been for EZE020. The long term EZE020 gained us a monster 3,002 pips with most running to a full Take Profit. All nine EZE020 accounts are still sitting on guaranteed locked in profits as well.
Title: A Nice EZE020 holiday profit
Post by: 999cjb on May 02, 2011, 03:45:53 PM
At the risk of incurring a huge SL by boasting a little, here is an example of a holiday season TP of 381 pips made by one of my EZE020's just now.

I'm now going to have a sit down and watch some telly. Well, I am a pensioner, what do you expect?
Title: Re: A Nice EZE020 holiday profit
Post by: dunted on May 06, 2011, 05:44:50 PM
At the risk of incurring a huge SL by boasting a little, here is an example of a holiday season TP of 381 pips made by one of my EZE020's just now.

I'm now going to have a sit down and watch some telly. Well, I am a pensioner, what do you expect?



Just hit that large SL.  Just part of using a longer term tend system.

Ted
Title: Re: A Nice EZE020 holiday profit
Post by: gend0 on May 06, 2011, 05:53:10 PM
At the risk of incurring a huge SL by boasting a little, here is an example of a holiday season TP of 381 pips made by one of my EZE020's just now.

I'm now going to have a sit down and watch some telly. Well, I am a pensioner, what do you expect?



Just hit that large SL.  Just part of using a longer term tend system.

Ted

me too.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 07, 2011, 08:36:58 AM
Welcome gend0 & dunted to the EzeFX thread. So I'm not a voice in the wilderness here after all  :)

If you just joined EzeFX this week and started EZE020 live immediately, you will have taken the SL yesterday as did I. EURUSD dropped 620 pips in two days, bringing an end to the uptrend that has continued since January. Where will it go from here? I don't care, frankly. I leave that stuff to the gurus, crystal ball holders and EZE020 while I move further towards full retirement.

When I call EZE020 a long term EA I mean long term, not just a week although I appreciate that for some EAs, a week can be a very long time!

If you look closely at almost 12 years of backtest results on the main website, you will see that SLs are not uncommon. In fact, they are expected at the end of most trend periods.

In running EZE020, I am prepared for a loss of up to 1,000 pips in any one month (this has happened once, I think, in 12 years) and a regular annual profit. I run on money management with 5% or 10% risk depending on the other EAs running in the same account.

Now in the seventh month of live running, I have nine x EZE020s operating and all nine are in profit despite this week's SL. EZE020 has so far made me 6,111 pips profit in just over 6 months which simple maths tells me is approximately 1,000 pips per month.

Since I designed and wrote EZE020, I have spent countless hours trying to improve the results but every modification I have tested has not improved on the original. So it ain't broke! I have made some modifications in a new version which I have just started running live on AUDUSD but it's very early days for this one.

As you would imagine, I keep detailed statistics on the performance of all my EAs and I have clipped the EZE020 stats from my spreadsheets which are attached below. If you backtest EZE020 over the same period, you will get approximately the same results regardless of broker.

My latest addition has been running for just 2 weeks and even after the SL is still 41 pips up. The best performing instances, which are 1,103 pips up, were put on just after a big SL in November so next week might just be a good time to load up more EZE020. Or not. Have patience, control your risk and in six months time you could be glad you did.

 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 07, 2011, 05:38:22 PM
In my last post I forgot to mention you should download and look at the attachment below. These are my actual EZE020 live account results, week by week.

I have attached it again. Please inform me of any EAs with more than 11 years solid backtest history plus the sort of live results I am achieving in the attachment. EZE020 is left on during high impact news items, bank holidays, Christmas, new year etc.

I look forward to hearing from you all. Have a good weekend  :)
Title: Re: Easy Forex (ezefx.com)
Post by: gend0 on May 07, 2011, 06:59:18 PM
Thanks 999cjb
 I understand your system is long term.
I'll test it a few months and If it is profitable enough to pay your monthly fee ,I will continue using it.
 :P
Title: Re: Easy Forex (ezefx.com)
Post by: fmonera on May 15, 2011, 02:26:39 PM
Hello 999cjb,

I am looking for long term EAs that has a risk/reward ratio positive and the strategy is solid, simple and easy to understand (fibo, volatility breakout, vsa, ...).

What I DON'T need:
  - I don't need $10000 to 4 Million in 10 years
  - I don't need 90% winners. I don't need even 50% winners.

The 7 EAs I am running live at the moment fills all or almost all of the requirements.

Do you have any EA with this characteristics on your arsenal in ezefx.com to add to my portfolio?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 16, 2011, 01:03:29 PM
Hello 999cjb,

I am looking for long term EAs that has a risk/reward ratio positive and the strategy is solid, simple and easy to understand (fibo, volatility breakout, vsa, ...).

What I DON'T need:
  - I don't need $10000 to 4 Million in 10 years
  - I don't need 90% winners. I don't need even 50% winners.

The 7 EAs I am running live at the moment fills all or almost all of the requirements.

Do you have any EA with this characteristics on your arsenal in ezefx.com to add to my portfolio?

Thanks for your query. I'm going to be brutally honest here. We are running our long term EA EZE020, now in its seventh month live. We started with one broker and now run it on nine brokers, each at either 5% or 10% risk. Our total live gains to date are 7,202 pips with more waiting as locked in profits.

But I'm pretty fed up. Why? Because I have run the backtests for EZE020 over 11 years on 15 brokers live accounts and all came up with very similar results, profitable in each year. The seven months of live running have simply confirmed the accuracy of the backtests and the viability of the EA. Yet I have been too frightened to commit EZE020 to all of our accounts, especially the larger ones. Instead I have continued to run EZE007, EZE008, EZE009 and EZE018. All short term EAs and all losers. Even now, I commit far greater funds on EZE024, EZE031 and (of all things) a new scalper EZE040. I must be crackers!

Not satisfied with the performance of EZE020, I have tried all manner of modifications and failed dismally to make any improvement whatsoever. The fear factor with EZE020 is it runs in big numbers. It is possible to lose 1,000 pips in a month with EZE020 (happened once). But it has never lost in any year since 1999.

I have also been trying EZE020 with other pairs without success until very recently. I have just started running a modified EZE020 on AUDUSD and will see what happens.

Have a look at the chart below. This is where one of my EZE020 EAs is this morning. Note the "SELL PROFIT LOCKED IN" message and the total lack of concern for the 200 pip movements.

Run with the right risk level, EZE020 has never given me a moment's concern. Holidays, weekends, news are ignored. Just leave it on.

So why am I bothering with anything else? As I said, I must be crackers.

If you want to bother with EZE020, it's free to members. Become one.
Title: Re: Easy Forex (ezefx.com)
Post by: flash1 on May 19, 2011, 08:05:58 AM
Hello 999cjb,

I am looking for long term EAs that has a risk/reward ratio positive and the strategy is solid, simple and easy to understand (fibo, volatility breakout, vsa, ...).

What I DON'T need:
  - I don't need $10000 to 4 Million in 10 years
  - I don't need 90% winners. I don't need even 50% winners.

The 7 EAs I am running live at the moment fills all or almost all of the requirements.

Do you have any EA with this characteristics on your arsenal in ezefx.com to add to my portfolio?

Hi 999cjb,

Don't mean to be rude but please answer the question.

Regards Flash
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 19, 2011, 08:57:40 AM
Hello 999cjb,

I am looking for long term EAs that has a risk/reward ratio positive and the strategy is solid, simple and easy to understand (fibo, volatility breakout, vsa, ...).

What I DON'T need:
  - I don't need $10000 to 4 Million in 10 years
  - I don't need 90% winners. I don't need even 50% winners.

The 7 EAs I am running live at the moment fills all or almost all of the requirements.

Do you have any EA with this characteristics on your arsenal in ezefx.com to add to my portfolio?

Hi 999cjb,

Don't mean to be rude but please answer the question.

Regards Flash

Well, Flash, I thought I had. But in re-reading it I guess I ranted on a bit so I'll try again with a "politician's" answer.

EZE020 has an easy to understand basic strategy supplemented by various filters which further improve performance.

The latest EZE020 has a variable R/R ratio with a negative bias for EURUSD and a positive bias for AUDUSD. The level of risk at any one time is up to the user. Please remember that an EA with a negative R/R ratio can perform better than the same EA with a positive R/R ratio.

I must add that if you are interested enough to probe further, you should look at http://www.ezefx.com/Results.html (http://www.ezefx.com/Results.html) and check out the EZE020 results pages.

With a wry smile I can also admit that in common with most other posts I have seen in the EA threads, most of my EAs have taken a pasting in the last two weeks. But not EZE020 which has simply "marked time" waiting for normal service to resume.

If you feel I still have not answered any aspects of the question, Please ask anything more you want to know.
Title: Re: Easy Forex (ezefx.com)
Post by: flash1 on May 19, 2011, 09:47:07 AM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 19, 2011, 10:07:40 AM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash

I'm not actually 96. Just feel like it most of the time  :(

I don't run anything with myfxbook but members see a history of live trades on one account which is updated from time to time. The last update was around 15th April. Since then the profits have increased despite a full SL in early May.

EZE020 more or less synchronises different accounts over a period of time so at the moment they are selling EURUSD. The slight downtrend is turning flat though so a new EZE020 put on today may not open a trade for the time being.

Members who backtest EZE020 will find remarkably similar results with different brokers. This is the advantage of a long term EA. SL hunting is not worthwhile and spreads make very little difference to the final outcome over a few months.

I've started ranting again. I'll stop now.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: e1vis on May 19, 2011, 10:44:42 AM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash

I'm not actually 96. Just feel like it most of the time  :(

I don't run anything with myfxbook but members see a history of live trades on one account which is updated from time to time. The last update was around 15th April. Since then the profits have increased despite a full SL in early May.

EZE020 more or less synchronises different accounts over a period of time so at the moment they are selling EURUSD. The slight downtrend is turning flat though so a new EZE020 put on today may not open a trade for the time being.

Members who backtest EZE020 will find remarkably similar results with different brokers. This is the advantage of a long term EA. SL hunting is not worthwhile and spreads make very little difference to the final outcome over a few months.

I've started ranting again. I'll stop now.  8)

Hi 999cjb

I was wondering if you could clarify the average annual percentage growth (using the last ten years backtests for example) one could expect to achieve using one instance only of eze20. I know that you run many instances of the EA at the same time, so it's not always easy to understand how profitable the EA is.

For example, I have looked at the spreadsheet showing your 10/10 method and, if I'm reading the figures correctly, the EA has historically produced between 10-20% a year (at least up until 2008). It does, however, seem to have had some bad years - making only $300 between October 05 and October 06 - and losing money from October 07-October 08.

Is this right or have I misunderstood?

Many thanks




Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 19, 2011, 11:03:36 AM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash

I'm not actually 96. Just feel like it most of the time  :(

I don't run anything with myfxbook but members see a history of live trades on one account which is updated from time to time. The last update was around 15th April. Since then the profits have increased despite a full SL in early May.

EZE020 more or less synchronises different accounts over a period of time so at the moment they are selling EURUSD. The slight downtrend is turning flat though so a new EZE020 put on today may not open a trade for the time being.

Members who backtest EZE020 will find remarkably similar results with different brokers. This is the advantage of a long term EA. SL hunting is not worthwhile and spreads make very little difference to the final outcome over a few months.

I've started ranting again. I'll stop now.  8)

Hi 999cjb

I was wondering if you could clarify the average annual percentage growth (using the last ten years backtests for example) one could expect to achieve using one instance only of eze20. I know that you run many instances of the EA at the same time, so it's not always easy to understand how profitable the EA is.

For example, I have looked at the spreadsheet showing your 10/10 method and, if I'm reading the figures correctly, the EA has historically produced between 10-20% a year (at least up until 2008). It does, however, seem to have had some bad years - making only $300 between October 05 and October 06 - and losing money from October 07-October 08.

Is this right or have I misunderstood?

Many thanks

This is how it seems but if you look at the actual 11 year backtests, EZE020 did not lose money between Oct 07 and Oct 08 on either the flat or money managed results.

I prepared the spreadsheet by running a number of separate 12 month backtests. In some years, this meant that the EA was stopped at the end of a day when it may have gone on to make bigger profits (or losses) the next day. Then, the next backtest started the next day but EZE020 may not have traded that day, or even for some days. So it is quite likely that some profits were lost when transposing the results to the spreadsheet.

In real life, of course, EZE020 would continue running while you transferred profits from the account and I think this accounts for the differences.

Er - this is making my head spin. Time for another coffee  :)
Title: Re: Easy Forex (ezefx.com)
Post by: fmonera on May 19, 2011, 11:15:27 AM
Hello 999cjb,

Is the strategy of EZE020 public to members?
Will I have access to the source code?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 19, 2011, 11:52:45 AM
Hello 999cjb,

Is the strategy of EZE020 public to members?
Will I have access to the source code?

The short answer is no and no.

But I can probably reveal the basic strategy to members privately.
Title: Re: Easy Forex (ezefx.com)
Post by: e1vis on May 19, 2011, 12:22:43 PM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash

I'm not actually 96. Just feel like it most of the time  :(

I don't run anything with myfxbook but members see a history of live trades on one account which is updated from time to time. The last update was around 15th April. Since then the profits have increased despite a full SL in early May.

EZE020 more or less synchronises different accounts over a period of time so at the moment they are selling EURUSD. The slight downtrend is turning flat though so a new EZE020 put on today may not open a trade for the time being.

Members who backtest EZE020 will find remarkably similar results with different brokers. This is the advantage of a long term EA. SL hunting is not worthwhile and spreads make very little difference to the final outcome over a few months.

I've started ranting again. I'll stop now.  8)

Hi 999cjb

I was wondering if you could clarify the average annual percentage growth (using the last ten years backtests for example) one could expect to achieve using one instance only of eze20. I know that you run many instances of the EA at the same time, so it's not always easy to understand how profitable the EA is.

For example, I have looked at the spreadsheet showing your 10/10 method and, if I'm reading the figures correctly, the EA has historically produced between 10-20% a year (at least up until 2008). It does, however, seem to have had some bad years - making only $300 between October 05 and October 06 - and losing money from October 07-October 08.

Is this right or have I misunderstood?

Many thanks

This is how it seems but if you look at the actual 11 year backtests, EZE020 did not lose money between Oct 07 and Oct 08 on either the flat or money managed results.

I prepared the spreadsheet by running a number of separate 12 month backtests. In some years, this meant that the EA was stopped at the end of a day when it may have gone on to make bigger profits (or losses) the next day. Then, the next backtest started the next day but EZE020 may not have traded that day, or even for some days. So it is quite likely that some profits were lost when transposing the results to the spreadsheet.

In real life, of course, EZE020 would continue running while you transferred profits from the account and I think this accounts for the differences.

Er - this is making my head spin. Time for another coffee  :)

Many thanks - that makes sense. But going back to my original question - are you able to give me a figure for the average annual percentage growth one could expect to achieve using one instance only of eze20?

Best regards
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 19, 2011, 03:08:35 PM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash

I'm not actually 96. Just feel like it most of the time  :(

I don't run anything with myfxbook but members see a history of live trades on one account which is updated from time to time. The last update was around 15th April. Since then the profits have increased despite a full SL in early May.

EZE020 more or less synchronises different accounts over a period of time so at the moment they are selling EURUSD. The slight downtrend is turning flat though so a new EZE020 put on today may not open a trade for the time being.

Members who backtest EZE020 will find remarkably similar results with different brokers. This is the advantage of a long term EA. SL hunting is not worthwhile and spreads make very little difference to the final outcome over a few months.

I've started ranting again. I'll stop now.  8)

Hi 999cjb

I was wondering if you could clarify the average annual percentage growth (using the last ten years backtests for example) one could expect to achieve using one instance only of eze20. I know that you run many instances of the EA at the same time, so it's not always easy to understand how profitable the EA is.

For example, I have looked at the spreadsheet showing your 10/10 method and, if I'm reading the figures correctly, the EA has historically produced between 10-20% a year (at least up until 2008). It does, however, seem to have had some bad years - making only $300 between October 05 and October 06 - and losing money from October 07-October 08.

Is this right or have I misunderstood?

Many thanks

This is how it seems but if you look at the actual 11 year backtests, EZE020 did not lose money between Oct 07 and Oct 08 on either the flat or money managed results.

I prepared the spreadsheet by running a number of separate 12 month backtests. In some years, this meant that the EA was stopped at the end of a day when it may have gone on to make bigger profits (or losses) the next day. Then, the next backtest started the next day but EZE020 may not have traded that day, or even for some days. So it is quite likely that some profits were lost when transposing the results to the spreadsheet.

In real life, of course, EZE020 would continue running while you transferred profits from the account and I think this accounts for the differences.

Er - this is making my head spin. Time for another coffee  :)

Many thanks - that makes sense. But going back to my original question - are you able to give me a figure for the average annual percentage growth one could expect to achieve using one instance only of eze20?

Best regards

Obviously this depends on the percentage risk you want to set for money management or the fixed lot size you want to run.

But I can provide the following which I hope will help:-

On my live IBFX (US) account, using a risk factor of 10%, EZE020 has produced 15% profit since 24th October 2010. This would, if it continues, give an annual profit of 25 to 30%. This is, in my opinion, unusually high and I would expect 10 to 20% profit annually given past history at 10% risk. This is consistent with the EzeFX 10/10 method spreadsheet example.

Using the second spreadsheet example at 40% risk, it would appear that up to 80% annual profit can be achieved. I haven't dared try this in real life though. I stick to either 5% or 10%.
Title: Easy Forex (ezefx.com)
Post by: e1vis on May 19, 2011, 03:56:54 PM
Hi 99cjb

Well Im a little slow...Are you really 96?? impressive if you are :)  Checking out your site.  Any chance of a verified myfxbook link.

Regards Flash

I'm not actually 96. Just feel like it most of the time  :(

I don't run anything with myfxbook but members see a history of live trades on one account which is updated from time to time. The last update was around 15th April. Since then the profits have increased despite a full SL in early May.

EZE020 more or less synchronises different accounts over a period of time so at the moment they are selling EURUSD. The slight downtrend is turning flat though so a new EZE020 put on today may not open a trade for the time being.

Members who backtest EZE020 will find remarkably similar results with different brokers. This is the advantage of a long term EA. SL hunting is not worthwhile and spreads make very little difference to the final outcome over a few months.

I've started ranting again. I'll stop now.  8)

Hi 999cjb

I was wondering if you could clarify the average annual percentage growth (using the last ten years backtests for example) one could expect to achieve using one instance only of eze20. I know that you run many instances of the EA at the same time, so it's not always easy to understand how profitable the EA is.

For example, I have looked at the spreadsheet showing your 10/10 method and, if I'm reading the figures correctly, the EA has historically produced between 10-20% a year (at least up until 2008). It does, however, seem to have had some bad years - making only $300 between October 05 and October 06 - and losing money from October 07-October 08.

Is this right or have I misunderstood?

Many thanks

This is how it seems but if you look at the actual 11 year backtests, EZE020 did not lose money between Oct 07 and Oct 08 on either the flat or money managed results.

I prepared the spreadsheet by running a number of separate 12 month backtests. In some years, this meant that the EA was stopped at the end of a day when it may have gone on to make bigger profits (or losses) the next day. Then, the next backtest started the next day but EZE020 may not have traded that day, or even for some days. So it is quite likely that some profits were lost when transposing the results to the spreadsheet.

In real life, of course, EZE020 would continue running while you transferred profits from the account and I think this accounts for the differences.

Er - this is making my head spin. Time for another coffee  :)

Many thanks - that makes sense. But going back to my original question - are you able to give me a figure for the average annual percentage growth one could expect to achieve using one instance only of eze20?

Best regards

Obviously this depends on the percentage risk you want to set for money management or the fixed lot size you want to run.

But I can provide the following which I hope will help:-

On my live IBFX (US) account, using a risk factor of 10%, EZE020 has produced 15% profit since 24th October 2010. This would, if it continues, give an annual profit of 25 to 30%. This is, in my opinion, unusually high and I would expect 10 to 20% profit annually given past history at 10% risk. This is consistent with the EzeFX 10/10 method spreadsheet example.

Using the second spreadsheet example at 40% risk, it would appear that up to 80% annual profit can be achieved. I haven't dared try this in real life though. I stick to either 5% or 10%.

Thanks very much - that's very helpful.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 22, 2011, 07:48:14 PM
After another choppy week's trading, most of our new EAs lost ground. Fortunately, these are not released to our members so that's a good thing.

Another good thing is that the EA that we have released, EZE020, continued to make gains this week, putting on another 530 pips spread across our nine live accounts. Not a lot but we'll take it, thank you.

EZE020 is now far and away our best performing live EA. We'll be loading it onto more brokers shortly.
Title: Re: Easy Forex (ezefx.com)
Post by: creosote7 on May 31, 2011, 08:25:04 PM
Any updates on the EA's for the last week? Also, are you updating these stats somewhere else other than this site?

thanks,
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 31, 2011, 10:45:36 PM
Any updates on the EA's for the last week? Also, are you updating these stats somewhere else other than this site?

thanks,

Members get weekly updates at the end of every week or soon after. We are busy working on a new layout for the member updates which will show this week, month to date and year to date results for each EA and currency pair.

Briefly, we made a total of 478 pips last week. Nothing to write home about but better than a loss, don't you think?
Title: Re: Easy Forex (ezefx.com)
Post by: Byte on July 13, 2011, 10:07:48 AM
Somehow my timing on getting started with ez0020 was really bad. I started on May 23 and this is my trade history so far

Open Date    Close date    Symbol    Action    Lots    SL    TP    Open Price    Close Price    Pips    Profit (EUR)    Duration    Change    
tag
   07.12.2011 05:00
   07.12.2011 12:26    EURUSD    Sell    0.08    1.39549    1.34312    1.40012    1.39549    46.3    26.12    7h 26m    0.52%       
tag
   06.09.2011 15:45
   07.11.2011 14:45    EURUSD    Buy    0.09    1.38332    1.51232    1.45528    1.40718    -481.0    -303.24    31d    -6.06%       
tag
   06.02.2011 20:31
   06.09.2011 15:45    EURUSD    Buy    0.08    1.45548    1.50686    1.44984    1.45548    56.4    31.26    6d    0.63%       
tag
   05.25.2011 09:13
   06.02.2011 20:31    EURUSD    Sell    0.07    1.47376    1.34476    1.40175    1.44984    -480.9    -234.96    8d    -4.70%       
tag
   05.23.2011 18:00
   05.25.2011 09:13    EURUSD    Sell    0.07    1.47414    1.34514    1.40215    1.40181    3.4    0.85    1d    0.02%    


I hope longer term and once the craze around Greece, Italy and Ireland slows down there will be some light ...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 13, 2011, 10:24:56 AM
Somehow my timing on getting started with ez0020 was really bad. I started on May 23 and this is my trade history so far

Open Date    Close date    Symbol    Action    Lots    SL    TP    Open Price    Close Price    Pips    Profit (EUR)    Duration    Change    
tag
   07.12.2011 05:00
   07.12.2011 12:26    EURUSD    Sell    0.08    1.39549    1.34312    1.40012    1.39549    46.3    26.12    7h 26m    0.52%       
tag
   06.09.2011 15:45
   07.11.2011 14:45    EURUSD    Buy    0.09    1.38332    1.51232    1.45528    1.40718    -481.0    -303.24    31d    -6.06%       
tag
   06.02.2011 20:31
   06.09.2011 15:45    EURUSD    Buy    0.08    1.45548    1.50686    1.44984    1.45548    56.4    31.26    6d    0.63%       
tag
   05.25.2011 09:13
   06.02.2011 20:31    EURUSD    Sell    0.07    1.47376    1.34476    1.40175    1.44984    -480.9    -234.96    8d    -4.70%       
tag
   05.23.2011 18:00
   05.25.2011 09:13    EURUSD    Sell    0.07    1.47414    1.34514    1.40215    1.40181    3.4    0.85    1d    0.02%    


I hope longer term and once the craze around Greece, Italy and Ireland slows down there will be some light ...

EZE020 has two vulnerabilities. One is on a change of major trend. In this case from buy to sell. The other is an oscillation of around 500 pips (so - up 500 then down 500 and repeat).

You are very unfortunate in that we have had one of each of the above plus the EURUSD price has overall moved very little from the beginning of May until now. This has given at least 3 weeks of no movement up to last weekend but we did get about 125 pips profit this week so far.

We are taking our stats from October to October each year and the results have been profitable each year for 11 years. From October 2010 until now we are still showing in profit. Will this year be the first losing year for EZE020? We'll find out at the beginning of November.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 06, 2011, 02:21:59 PM
**URGENT NOTICE TO ALL MEMBERS **

Please download the latest EzeFX DLL from the member site or you will not be able to open new trades from the coming week.

The zipped file has a new name but the unzipped DLL is still called EZE008.DLL

You will need to close your MT4 platform before copying the updated DLL, replacing the previous version.

Any problems, please open a support ticket.

Thank you for supporting EzeFX.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 25, 2011, 12:47:35 PM
From the developer blog on the member website:-

A continuation of last weeks EURUSD and AUDUSD falls has meant good profits for EZE020 this week with EURUSD making over 100 pips and AUDUSD pocketing a huge 402 pips. In the last eleven years, from October each year, EZE020 has lost money only in 2007. This was followed by massive gains in 2008 and 2009. See our spreadsheet on the main site for proof.

Members will realise that this means EZE020 made big profits while the markets were in turmoil. Many people think this situation is on the verge of repeating itself. At EzeFX, we are continuing to increase our own investments in EZE020 which is looking more and more like a "safe haven" for our funds.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 02, 2011, 09:28:17 AM
Update from the member site:-

A mixed bag of results to end September with EZE020 easily outperforming our other robots. AUDUSD made another 147 pips to produce a very satisfactory 583 pips profit for the month. EURUSD put on 40 pips and ended the month with 157 pips profit.

We now have capacity available to start extensive testing on other EZE020 pairs using the new code produced for AUDUSD. No promises, but we're hopeful.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 16, 2011, 06:24:12 PM
Those of you who have seen my posts across the forum will realise that I have three pet hates. These are:-
1. Martingale
2. Grid
3. No SL to the broker

There is a very good reason for this. I have blown live accounts with all three. Each strategy has potentially high risk of ruin.

My team know all about this so the other day they presented me with a backtest for EZE050. I have attached the first part of the backtest below which, as you can imagine, got me rather excited.

Then they told me that the strategy had been designed just to p*** me off as it contains all three of those pet hates!

Well, there's no fool like an old fool I suppose and I can't knock the result. In fact, thinking about it, I am in danger of serious injury or worse every time I fill my lawnmower with petrol so I take precautions before, during and after I do it.

As it stands, I would still not dare to run EZE050 on a live account. But I am working on it. And I'm not p***ed off any more.

If and when those precautions I need are added and I consider EZE050 relatively safe it will be made available free of charge to existing EzeFX members at that time.

Talking of live accounts, EZE020 completed its first full year of live running last weekend and shows a small profit. Considering the interesting trading conditions surrounding the Euro lately I think this is a satisfactory result. 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 29, 2011, 12:35:40 PM
EZE020 is our current live EA. I thought I'd explain how it works. No need for you to read any more if you are bored already!

This is a long term trend tracking EA running on 3 x MA crosses. It looks to be a winner over a period of 12 years so far.

Only one trade is taken at a time so the drawdown is manageable and potential losses known in advance. Money management can be set so the desired percentage of current equity is at risk when a trade is taken.

The EA may sit around doing very little for weeks at a time if the market is ranging, waiting for a new trend to get going.

When a trend occurs, the EA follows the trend at a distance of between 0 and 150 pips depending on the trend strength.

Looking at the chart attached, you will see that EZE020 "draws a line" at each opening price and then another when the trailing stop is triggered at 75 pips profit. This then moves behind the trend, steadily increasing by a percentage of
 the pips gained until it is trailing at 150 pips. It then moves with profits until the take profit value is reached or the price retraces to the trailing stop.

If conditions are suitable, a new trade is opened and the process starts again.

On the chart, new trades were opened as follows:-

17/10/11 13:35 Buy 1.3818 - 19/10/11 08:32 Close 1.3819 - Profit 1 pip
19/10/11 08:32 Buy 1.3823 - 21/10/11 21:00 Close 1.3824 - profit 1 pip
21/10/11 21:00 Buy 1.3827 - 24/10/11 11:29 Close 1.3864 - profit 37 pips
24/10/11 11:30 Buy 1.3867 - 25/10/11 09:54 Close 1.3879 - profit 12 pips
25/10/11 09:54 Buy 1.3883 - 25/10/11 16:35 Close 1.3884 - profit 1 pip
25/10/11 16:35 Buy 1.3888 - 26/10/11 16:50 Close 1.3899 - profit 11 pips
26/10/11 16:50 Buy 1.3902 - 28/10/11 23:59
      Trade still open at 1.4151
      Profits locked in at 1.4096     guaranteed profit so far 249 pips

Total profit from 17/10/11 to 28/10/11 is 312 pips.

The above is, of course on EURUSD.

We are also running AUDUSD and these trades in the same period are:-

14/10/11 18:30 Buy 1.0300 - 25/10/11 15:38 Close 1.0398 - profit 98 pips
25/10/11 15:38 Buy 1.0402 - 27/10/11 00:52 Close 1.0406 - profit 4 pips
27/10/11 00:53 Buy 1.0408 - 28/10/11 23:59
      Trade still open at 1.0699
      Profits locked in at 1.0609     guaranteed profit so far 201 pips

Total profit from 14/10/11 to 28/10/11 is 302 pips.

The AUDUSD chart is also attached.

Of course, EZE020 can also lose and often does. Our risk strategy allows for losses of over 1,000 pips in a month which happens occasionally.

When the main trend turns, the EA can also lose before turning to follow the new trend. But this does not always happen.
It all depends on the strength and length of the previous trend.

The worst scenario for EZE020 is an oscillation of around 500 pips when the market is undecided. This happened during this summer period which we hope is now at an end.

In summary, we are now running 11 live accounts with EZE020 and adding funds for the longer term. It is a "back burner" EA to set and forget and, in our opinion, a better bet than shares, units etc.

We fully appreciate that this EA will not appeal to many of you who prefer the excitement of scalpers and rapid trading in general. But we find average gains of about 10% per year with very low risk quite acceptable especially in these low interest times.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 06, 2011, 01:37:37 PM
After much careful consideration, we can announce that we are making significant changes to the member benefits we offer. From February 2012, a significant proportion (60%) of membership subscriptions will be directly invested in trading using a selection of our own robots rather than just being used for our general funding, support and robot development.

This Member Investment Scheme (MIS) will guarantee members a minimum return of 5% annually even if our investment trades result in a loss. But frankly, we would be very unhappy if that was all you received. As an example, one of our more conservatively traded broker accounts made a gain of 84% in the last year. So if this had been a MIS account, members would have received 42% ( half of the profits) dividend which could be paid out in cash or left in the fund to accumulate.

We are still putting the finishing touches to this scheme but all current and new members will benefit from next February. In addition, members current as at 1st November 2011 will receive further benefits. Their MIS account will be credited in February with not only their February subscription but the same proportion of all their subscriptions from the month they first joined. For some members, this will be a considerable sum and represents our appreciation and gratitude for the support we have received over the past few years. Members joining between 1st November 2011 and 31st January 2012 will have these three months benefits added to their scheme.

We should make perfectly clear that members will benefit from the profits gained by the investments, not by the investments themselves. This is a profit and benefit sharing scheme, not a giveaway. Full details of the scheme are expected to be available in December.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 21, 2011, 11:04:53 AM
At this time we'd like to wish all members a happy Christmas and a profitable new year.

We have had a great December, producing profits from all our EzeFX EAs and hope to be able to continue this progress in 2012.

Our new MIS scheme starts in March. Our oldest member will have been with us for two years and we are investing $360 (being 60% of his fees) into one of our live account pools. See my previous post for more MIS details. Other members will have lesser amounts invested depending on length of membership.

We are preparing an EZE050 derivative for release in February 2012. This is already testing profitably on seven currency pairs and results will be shown on our main website when the software is ready for initial forward test running on our demo accounts.

We did not release one new EA in 2011 which I know some members have found frustrating. But we have not been idle during this period and expect to reveal the results of our efforts soon.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 06, 2012, 05:20:34 PM
Hello and welcome to 2012. I would be grateful if members could browse the backtest from this link http://www.ezefx.com/backtests/EZE054v008gbpusdTest11-99.htm (http://www.ezefx.com/backtests/EZE054v008gbpusdTest11-99.htm) and provide some comments.

I am going live on this version from Sunday night although there is a lot of tidying up to do before the EA is ready for release to members perhaps later this month.

EZE054 has been designed to:-

1. Run on any currency pair (with adjustments to settings)

2. Run on any broker allowing hedging ( although later versions may get round this by using a different pair for the hedged trades with appropriate correlation)

3. Allow differing levels of trading risk and order entry control

4. Provide the ability to eat its own drawdowns when trades go awry

5. Standard version with fixed settings for specific pairs.

6. Huge flexibility in the professional version to adjust all settings to suit yourselves. N.B. This flexibility will also allow you to lose lots of money if you don't test it properly first!

Standard version is free to EzeFX members. Pro version - not sure about pricing yet.

Have a prosperous new year.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on January 06, 2012, 05:36:24 PM
I am looking forward to testing and will rejoin when you release it.
Title: Re: Easy Forex (ezefx.com)
Post by: odysseus11 on January 06, 2012, 05:39:45 PM
reviewed that backtest. Heres my comment:
Backtests are useless.

Please post a myfxbook or mt4i when you have one.
Title: Re: Easy Forex (ezefx.com)
Post by: fxbabe on January 06, 2012, 06:10:38 PM
You are a big advocate of SL but why backtest doesn't have SL?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 06, 2012, 08:12:44 PM
You are a big advocate of SL but why backtest doesn't have SL?

The EA has TP, SL and TS available, all of which can be hard coded in the professional version. This particular backtest does not need them as the drawdown eater gives better performance. The eater reduces and eventually eliminates drawdowns by placing them in a basket of profitable trades and closing each basket at a profit. With all EAs, once a trade is closed on stop loss, the money is lost. The drawdown eater method gives up a proportion of the winnings to "eat" the loss hopefully before it can become too large. Many grid trading types of EA lose eventually in a long trend. That's why so many grid traders using GBPUSD don't show you backtests before 2011.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 06, 2012, 08:20:41 PM
reviewed that backtest. Heres my comment:
Backtests are useless.

Please post a myfxbook or mt4i when you have one.

Backtests are extremely useful if you are a developer. You can get a very good indication how your EA will perform under different conditions. They are equally useful if you are a user because they give you enough confidence to take on the EA in the first place. I can't imagine why anyone would buy an EA without seeing a backtest over a good period.

Yes, I know backtests can be fiddled, cobbled and otherwise "adjusted" to show results which are better than they should be. I also know it is very hard to write an EA that actually makes money. That's why we haven't released one new EA in 2011. They just weren't good enough.

Happy to show forward test and live results when they are available.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on January 20, 2012, 02:46:19 AM
Any news on gridtrader?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 21, 2012, 09:21:59 AM
Any news on gridtrader?

Lots of hard work and bug fixing going on. The EZE050 series development now seems to be going in two directions, one based on EZE054 and the other on EZE056.

EZE054 uses a hedged Martingale type approach while EZE056 is hedged with drawdown eater. The drawdown eater is not effective with a Martingale type system as it "eats" the higher lot sizes on which the Martingale setup relies.

Although I have good backtest results for both, many of you seem to think that these are no use. So I am showing a Myfxbook account on which we have (at the moment) four currency pairs run by EZE050 series EAs.

Please ignore the July 2011 results which were from EZE042 which is no longer in use. The results from November onwards are from the EZE050's.

The EAs are running very low risk as we intend to add more, later version EAs and possibly replace some of the older ones.

This is my first attempt at Myfxbook so please excuse any mistakes  :)

Here is the link:-

http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d
Title: Re: Easy Forex (ezefx.com)
Post by: Mr Hector on January 21, 2012, 09:53:43 AM
Hi 999.  Just wanted to say that it is great that you are still here and still improving your EAs and working on new ones.  I see your contributions on other threads too, not just your own, and never plugging your own EAs on other EA threads.  Keep up the great work.  I wish you every success in 2012.

Good to see a myfxbook opened too!
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on January 21, 2012, 12:17:05 PM
Thanks. For over 3 years I have been testing grid systems and developed several of mine but could never make it profitable in the long run. I am looking forward to test yours.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on January 21, 2012, 01:08:55 PM
Thanks for the support guys.

Here are two backtests for those of you who still believe they have value.

http://www.ezefx.com/backtests/EZE054v010usdcadTest3-99.htm (http://www.ezefx.com/backtests/EZE054v010usdcadTest3-99.htm)

http://www.ezefx.com/backtests/STEZE056v001.htm (http://www.ezefx.com/backtests/STEZE056v001.htm)

More pairs being tested now.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 22, 2012, 08:26:25 PM
Well, it's been a long time coming but we are getting nearer to our next EA release.

This one is EZE057.

You can read some details about EZE057 at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf)

And see one of our early tests using custom userhooks at
http://www.ezefx.com/StrategyTesterEZE057v004gbpusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004gbpusdTest1-99.htm)

More tests will follow later showing the different capabilities of this software.
Title: Easy Forex (ezefx.com)
Post by: e1vis on February 22, 2012, 08:44:27 PM
Well, it's been a long time coming but we are getting nearer to our next EA release.

This one is EZE057.

You can read some details about EZE057 at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf)

And see one of our early tests using custom userhooks at
http://www.ezefx.com/StrategyTesterEZE057v004gbpusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004gbpusdTest1-99.htm)

More tests will follow later showing the different capabilities of this software.

Very impressive BT!  Is the ea actually available now to members? And are the settings/userhooks used in the backrest also available?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 22, 2012, 08:47:33 PM
Well, it's been a long time coming but we are getting nearer to our next EA release.

This one is EZE057.

You can read some details about EZE057 at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf)

And see one of our early tests using custom userhooks at
http://www.ezefx.com/StrategyTesterEZE057v004gbpusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004gbpusdTest1-99.htm)

More tests will follow later showing the different capabilities of this software.

Very impressive BT!  Is the ea actually available now to members? And are the settings/userhooks used in the backrest also available?

We are aiming for a release date in March. The EA and the sources for initial userhooks plus some sample multi-indicator code will also be available then.

P.S. Don't take too much notice of the settings at the top of the backtest. Many of these are for old tests only and are now redundant. The release EA will be a later version.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 11:19:28 AM
Here are two more EZE057 backtests using the same strategy as the GBPUSD shown yesterday.

http://www.ezefx.com/StrategyTesterEZE057v004eurusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004eurusdTest1-99.htm)

http://www.ezefx.com/StrategyTesterEZE057v004audusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004audusdTest1-99.htm)

All these tests are high risk from a very low account balance. I wouldn't recommend running at this risk but I would run them together on a live account with these risks:-

GBPUSD 5%
EURUSD 5%
AUDUSD 6%

I'll probably start these off next week on a live account and see what happens.
Title: Re: Easy Forex (ezefx.com)
Post by: eaonly on February 23, 2012, 03:36:11 PM
Hi cjb. Seeing all the quality work you do in the EA field, I wondered if you have any real account statement to share (even in private), because I would like to see how your bots perform.

Regards, Catalin
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on February 23, 2012, 04:12:32 PM
I noticed that sending BBEA and Phi EA for review helped improve trading. Would you consider doing the same. Looking forward to your EA.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 05:26:18 PM
Hi cjb. Seeing all the quality work you do in the EA field, I wondered if you have any real account statement to share (even in private), because I would like to see how your bots perform.

Regards, Catalin

As I said in my last post, I am going to run 3 x EZE057 on a live account starting next week. I'll add this to myfxbook which is at the moment running some EZE050 series betas on demo.

All our main live accounts are run in pools which contain some private EAs for private investors. So I can't show them. But I shall be adding new live accounts and will specifically exclude investor input so I can add them to myfxbook.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 05:41:43 PM
I noticed that sending BBEA and Phi EA for review helped improve trading. Would you consider doing the same. Looking forward to your EA.

I'll certainly think about it but it will most likely be the user customisations which will make or break profitability.

This will become clearer as I add backtests showing different features of the EA.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 05:54:03 PM
This AUDNZD backtest is completely different from the other EZE057 backtests shown earlier. It gives an example only of what can be done using no external userhooks at all.

In this example, EZE057 uses its own grid trading facility, trading buys and sells simultaneously and using basket values with the drawdown eater to take steady profits. No indicators are used. It is purely mechanical.

I wouldn't run this live. It's just a demonstration.

http://www.ezefx.com/StrategyTesterGRIDaudnzd-9-99.htm (http://www.ezefx.com/StrategyTesterGRIDaudnzd-9-99.htm)
Title: Re: Easy Forex (ezefx.com)
Post by: fxbabe on February 23, 2012, 06:01:16 PM
I did a quick analysis of your backtest and it seemed a very cautious EA which trade only about average 4 times a month.  r:r ratio is rather low with 60pips SL and average profit of 5 to 10pips, however, hit rate is high.  This is almost like another megadroid?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 06:04:34 PM
I did a quick analysis of your backtest and it seemed a very cautious EA which trade only about average 4 times a month.  r:r ratio is rather low with 60pips SL and average profit of 5 to 10pips, however, hit rate is high.  This is almost like another megadroid?

That's the way I personally like to trade live. But remember the source code for trade entries is available so users can be as cautious or reckless as they like  :)
Title: Re: Easy Forex (ezefx.com)
Post by: fxbabe on February 23, 2012, 06:14:38 PM
I did a quick analysis of your backtest and it seemed a very cautious EA which trade only about average 4 times a month.  r:r ratio is rather low with 60pips SL and average profit of 5 to 10pips, however, hit rate is high.  This is almost like another megadroid?

That's the way I personally like to trade live. But remember the source code for trade entries is available so users can be as cautious or reckless as they like  :)

I already know what fmonera is going to say this kind of EA is broker sensitive, easily manipulated with m15 TF backtest not conclusive.  Do you have forward stats to confirm?
Title: Re: Easy Forex (ezefx.com)
Post by: eaonly on February 23, 2012, 07:53:46 PM
Hi cjb. Seeing all the quality work you do in the EA field, I wondered if you have any real account statement to share (even in private), because I would like to see how your bots perform.

Regards, Catalin

As I said in my last post, I am going to run 3 x EZE057 on a live account starting next week. I'll add this to myfxbook which is at the moment running some EZE050 series betas on demo.

All our main live accounts are run in pools which contain some private EAs for private investors. So I can't show them. But I shall be adding new live accounts and will specifically exclude investor input so I can add them to myfxbook.

I was not asking about the last EA, but about any on the old ones. Dont you have a real $200 account running from long time?
Title: Easy Forex (ezefx.com)
Post by: e1vis on February 23, 2012, 07:57:16 PM
Here are two more EZE057 backtests using the same strategy as the GBPUSD shown yesterday.

http://www.ezefx.com/StrategyTesterEZE057v004eurusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004eurusdTest1-99.htm)

http://www.ezefx.com/StrategyTesterEZE057v004audusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004audusdTest1-99.htm)

All these tests are high risk from a very low account balance. I wouldn't recommend running at this risk but I would run them together on a live account with these risks:-

GBPUSD 5%
EURUSD 5%
AUDUSD 6%

I'll probably start these off next week on a live account and see what happens.

No losses in 4 years in EURUSD 99% BT...?!! Pretty incredible!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 08:04:31 PM
I did a quick analysis of your backtest and it seemed a very cautious EA which trade only about average 4 times a month.  r:r ratio is rather low with 60pips SL and average profit of 5 to 10pips, however, hit rate is high.  This is almost like another megadroid?

That's the way I personally like to trade live. But remember the source code for trade entries is available so users can be as cautious or reckless as they like  :)

I already know what fmonera is going to say this kind of EA is broker sensitive, easily manipulated with m15 TF backtest not conclusive.  Do you have forward stats to confirm?

Give us a chance. It's not even finished yet! Release date is in March.

With user source code available for opening and closing each trade and a list of attributes enabling vastly different methods of operation, this EA can be whatever kind the user would like.

I use M15 for my backtests because I only have M15 99% backtest data available at this time. You can run EZE057 on any timeframe or currency pair depending on the settings used whether internal or external.

Live running begins next week while development is finalised. Sorry, we can't go any faster.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 08:11:18 PM
Hi cjb. Seeing all the quality work you do in the EA field, I wondered if you have any real account statement to share (even in private), because I would like to see how your bots perform.

Regards, Catalin

As I said in my last post, I am going to run 3 x EZE057 on a live account starting next week. I'll add this to myfxbook which is at the moment running some EZE050 series betas on demo.

All our main live accounts are run in pools which contain some private EAs for private investors. So I can't show them. But I shall be adding new live accounts and will specifically exclude investor input so I can add them to myfxbook.

I was not asking about the last EA, but about any on the old ones. Dont you have a real $200 account running from long time?

I do have one live account that has no investor input. It started with $100 in 2009, had another $100 added about a month later and now stands at $510. It started with EZE007 (long forgotten) and has had various other EAs added and deleted along the way.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 23, 2012, 08:12:47 PM
Here are two more EZE057 backtests using the same strategy as the GBPUSD shown yesterday.

http://www.ezefx.com/StrategyTesterEZE057v004eurusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004eurusdTest1-99.htm)

http://www.ezefx.com/StrategyTesterEZE057v004audusdTest1-99.htm (http://www.ezefx.com/StrategyTesterEZE057v004audusdTest1-99.htm)

All these tests are high risk from a very low account balance. I wouldn't recommend running at this risk but I would run them together on a live account with these risks:-

GBPUSD 5%
EURUSD 5%
AUDUSD 6%

I'll probably start these off next week on a live account and see what happens.

No losses in 4 years in EURUSD 99% BT...?!! Pretty incredible!

No rocket science involved here. I just thought I'd try EURUSD using the same settings I used with GBPUSD.

Some you win, some you lose. That's life  :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 24, 2012, 09:43:01 AM
I posted this in the free indicators thread but have had no response. So I have repeated it below to see if anything happens.

We have developed a new EA which is able to open and close trades based on user supplied code. See details of this EA at

http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf)

The EA is expected to be released in March but before release we want to try to test it using many different strategies.

So if you have a favourite strategy, indicator combination or price action formula, please send me a PM with the details.

You can send source code, written details or whatever. If we think it can be programmed to feed our EA we'll try it out.

Perhaps you run a manual strategy which you'd like to see translated into an EA? Now is your chance.

I'd also appreciate your queries and comments either posted here or in our Commercial Expert Advisors thread.

Thanks for reading if you've got this far!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 25, 2012, 11:53:17 AM
Two more demonstrations of the versatility of EZE057. Brokers allowing hedging are necessary for these to work. Both are shown on USDCAD.

The first shows the drawdown eater in operation. Trades are opened using a simple two MA cross procedure which gives plenty of "wrong" trades and therefore the eater is needed to run frequently to control the losses. There is also a new "loss limiter" running which inhibits new trades in one direction while losses in that direction exceed a set value.

http://www.ezefx.com/StrategyTesterMAXusdcad1.htm (http://www.ezefx.com/StrategyTesterMAXusdcad1.htm)

The second runs Martingales in both directions at once, again using the two MA cross for entry.

http://www.ezefx.com/StrategyTesterMAXusdcad3-99.htm (http://www.ezefx.com/StrategyTesterMAXusdcad3-99.htm)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 26, 2012, 07:45:42 AM
Our main website has now been updated to reflect our concentration on EZE057 for the future.

This is at www.ezefx.com (http://www.ezefx.com)
Title: Re: Easy Forex (ezefx.com)
Post by: daffi on February 26, 2012, 07:56:13 AM
Hi 999cjb,
can you share live results of some of Easy Forex EAs? Preferably verified on myfxbook...

EDIT: I just read posts earlier in this thread and I realized you don't have anything to show. That's both sad and strange - the website (and its EAs) has been there for some time (I subscribed for a month last year in April) and now you can't show results of any of your EAs? Well, for me, that's a no-go - until I see some results. Theory (in this case backtests which reliability I can't verify) is nice, but in the end, in every business on the planet, the only real diploma are your results. Just my 2 cents.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 26, 2012, 08:29:30 AM
Hi 999cjb,
can you share live results of some of Easy Forex EAs? Preferably verified on myfxbook...

EDIT: I just read posts earlier in this thread and I realized you don't have anything to show. That's both sad and strange - the website (and its EAs) has been there for some time (I subscribed for a month last year in April) and now you can't show results of any of your EAs? Well, for me, that's a no-go - until I see some results. Theory (in this case backtests which reliability I can't verify) is nice, but in the end, in every business on the planet, the only real diploma are your results. Just my 2 cents.

I have a new live account just set up on myfxbook which is now in "pending" status, whatever that means. Perhaps myfxbook needs to see a trade before it starts working. This account will run EZE057 betas starting today.

EzeFX members see weekly results from our different live EAs in pips. These are published on our member site. I can't show details of live account pools containing external investor funds as confidentiality is part of our investor agreement. Sorry. In any case, we expect, in time, to drop all our older EAs in favour of EZE057 and are testing upgrade modules now so publication seems pointless.

But I am well aware that "seeing is believing" and some traders will want to see many months (perhaps years) of good results before they will risk $25. That's no problem. There's no hurry as far as we are concerned. Our priority is development of a viable, flexible and reasonably priced product.

EZE057 has taken over 15 months to develop and no doubt it will take us many more months to fully debug and utilise its many facilities.

I am rather disappointed that despite requests in two threads here for trading strategies that we can code to test the EZE057 userhooks, we have not had one reply. We are now being forced to trawl through this and other forums to find these for ourselves.

 
Title: Re: Easy Forex (ezefx.com)
Post by: daffi on February 26, 2012, 09:23:51 AM
It's not about 25 USD, of course.
So in the member area - there I'd have access to verified accounts (myfxbook verified or investor access)?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 26, 2012, 09:40:40 AM
It's not about 25 USD, of course.
So in the member area - there I'd have access to verified accounts (myfxbook verified or investor access)?

From now on, with EZE057, yes.

For the existing accounts running older EAs, the pip counts for each EA are averaged over the number of accounts running that EA with that strategy and published, together with MTD and YTD totals. I accept that nobody believes anything any more unless it is verified myfxbook which is why we are changing over from today with EZE057.

But we still cannot publish accounts containing investor funds. So we need to have "show" accounts which can be published without risk of lawsuits.
Title: Re: Easy Forex (ezefx.com)
Post by: daffi on February 26, 2012, 10:08:27 AM
Well, if you traded those systems, you could show your accounts. If it was profitable, why don't you just publish your accounts (with the "old" EAs) on myfxbook? I don't care how small the account is as long as it's real and verified...
Of course I don't believe numbers who can anyone just simple make-up. If I did, I'd constantly be buying scams or products which the creator consider to be profitable - but in fact that assumption is not yet verified. I think I'm just being reasonable here.
If I had to guess, I'd say that the EAs haven't been very profitable so far and now you developed something which you believe to work - in the future. It may be the case, I don't know. What I do know is that I will be even remotely interested in it once it has some results.
My 2 cents.

Btw, the ebook I download from your website when I was a member was quite interesting.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 26, 2012, 10:50:39 AM
Well, if you traded those systems, you could show your accounts. If it was profitable, why don't you just publish your accounts (with the "old" EAs) on myfxbook? I don't care how small the account is as long as it's real and verified...
Of course I don't believe numbers who can anyone just simple make-up. If I did, I'd constantly be buying scams or products which the creator consider to be profitable - but in fact that assumption is not yet verified. I think I'm just being reasonable here.
If I had to guess, I'd say that the EAs haven't been very profitable so far and now you developed something which you believe to work - in the future. It may be the case, I don't know. What I do know is that I will be even remotely interested in it once it has some results.
My 2 cents.

Btw, the ebook I download from your website when I was a member was quite interesting.

I don't yet know enough about myfxbook to be able to say whether I can show any of these old accounts running old EAs. I also am not sure what you think these will prove. But I'll set up one account which, as I said in an earlier post, is running without any investor input and then see if I can make public some of the information.

It's probably our fault that we have mixed different EAs and different funding sources into account pools, thus making it impossible to show detailed results, but it seemed like a good idea at the time. The new accounts we open using EZE057 will be set up to be totally visible.
Title: Re: Easy Forex (ezefx.com)
Post by: daffi on February 26, 2012, 12:11:45 PM
You can publish on myfxbook any account you with and even trades made years ago will be available for us to see. So you can publish any account you have. Maybe even results mixed from several EAs would convince someone to be interested in the membership...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on February 26, 2012, 12:37:52 PM
You can publish on myfxbook any account you with and even trades made years ago will be available for us to see. So you can publish any account you have. Maybe even results mixed from several EAs would convince someone to be interested in the membership...

That's precisely why I can't publish investor accounts. They don't want anyone else to see what they are trading. I'll do the best I can starting next week. I understand your problem and if you want to wait 1, 3, 6 months etc. to see what happens, that's fine. Meanwhile, as I said, I am going to investigate putting an old account on myfxbook so the history can be seen. But as there's no trading today I can't start until tomorrow.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 04, 2012, 11:41:27 AM
You can publish on myfxbook any account you with and even trades made years ago will be available for us to see. So you can publish any account you have. Maybe even results mixed from several EAs would convince someone to be interested in the membership...

daffi. I have tried hard to provide the history you want. The attached screen dump is the best I can do for now. This is one of my personal accounts which is trading using some old EZE EAs plus some investor funded EAs. I don't know how to show the full myfxbook historical data without revealing information the investor does not want to show. So this will have to do.

I'm a believer in the "if it ain't broke, don't fix it" adage so will continue to run this account for now even though I believe EZE057 will do much better.
Title: Re: Easy Forex (ezefx.com)
Post by: daffi on March 04, 2012, 11:44:34 AM
65% DD with just 2% monthly return... But I don't want to critize anymore.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 04, 2012, 12:14:42 PM
65% DD with just 2% monthly return... But I don't want to critize anymore.

I think you are being too critical without seeing the facts. With this account, I spent the first year learning how to run this account on this broker and finding the best EAs to use. Yes, in this period (September 2009 to September 2010) the drawdown did reach 65% but it was all recovered. From that point the account has made money at far more than 2% monthly. It's a pretty jagged profit line but on this broker with this combination of EAs it works.

Why would I close a good investment because it lost money two years ago?
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on March 04, 2012, 12:31:11 PM
Hi
do you have a release date for your new EA?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 04, 2012, 01:03:28 PM
Hi
do you have a release date for your new EA?

We are still looking at some time this month. Due to the user modifiable source code elements, we need to produce more documentation.

Meanwhile, live running has started.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 05, 2012, 07:52:53 AM
This week I have added the latest EZE057v006 to the EZE050 betas running on myfxbook.

The first trade was in the right direction so that's a good start.

Here is the link again.

http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d (http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 18, 2012, 08:35:46 AM
We have now released EZE057. The first release version is v007. This release is free to EzeFX members and contains software, manuals, sample backtest, .set files and userhook source code.

Members using EZE020 should upgrade to EZE057 module 1 by the end of this month as EZE020 has been withdrawn. We suggest you do this next weekend when trading has finished. If you use the same magic number, EZE057 should pick up and carry on with any open trades.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on March 18, 2012, 01:19:38 PM
Thanks. I have restarted my membership and looking forward to try your EA.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 18, 2012, 07:07:07 PM
We have found a problem with the EZE900.ex4 program which prevented EZE057 from taking sell trades. This has now been corrected.

Members who have downloaded the EZE057 package before 7pm GMT should re-download the package and replace this program with the new one.

We apologise for this error which occurred in the final stages of the release procedure.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 20, 2012, 08:03:48 AM
We have updated the EZE057 release notes in the downloaded package to reflect the latest situation. We have also updated our main website to show some of the latest backtests on version 7. Older backtests will continue to be updated as they become available.

Here is a new myfxbook live account running just EZE057 in cautious mode. This runs version 5 but will be updated to version 7 soon.

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)

We also have our beta test EZE05x demo account to which we have added one EZE057 in aggressive mode.

http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d (http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d)

It's still early days for EZE057 but so far, so good.
Title: Re: Easy Forex (ezefx.com)
Post by: recint on March 20, 2012, 10:03:08 PM
This week I have added the latest EZE057v006 to the EZE050 betas running on myfxbook.

The first trade was in the right direction so that's a good start.

Here is the link again.

http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d (http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d)


   Are you only trading E/U with 57 ? Which pairs do you recommend?
Title: Re: Easy Forex (ezefx.com)
Post by: e1vis on March 20, 2012, 11:52:53 PM
This week I have added the latest EZE057v006 to the EZE050 betas running on myfxbook.

The first trade was in the right direction so that's a good start.

Here is the link again.

http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d (http://www.myfxbook.com/members/realgains/eze050-betas/229115/yvMZx0riK99CFLM1yB4d)


   Are you only trading E/U with 57 ? Which pairs do you recommend?

If you click on the myfxbook link posted (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1) then you'll see it's trading GBP and AUD pairs as well.

As can be seen from the backtests on the website the EA can be traded on any pair - it's up to the user which strategy and which pair to use.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 21, 2012, 08:00:29 AM
recint. The beta test account is running EURUSD on EZE057v6. As you can see from the myfxbook, this account is trading a number of EZE05x EAs of which some are doing well and others are not. CHFJPY moving up 1,000 pips in two months while the account has leveraged sells running has not helped my EZE054 trades. But I am running the higher risk strategies at low risk and the lower risk strategies at higher risk so the overall effect is still positive. IMO this is the only way to run grid or martingale strategies. The account can afford to leave the CHFJPY sells running almost indefinitely as long as the other trading types continue to be profitable. It is worth pointing out that EZE05x can run bidirectional Martingale and grid so while the sells have built up drawdowns, a number of concurrent buy trades have reduced these somewhat.

elv1s. You are correct. On backtest, EURUSD does best, followed closely by GBPUSD and then by AUDUSD. I think these results are because we have spent far more time on EURUSD, less on GBPUSD and hardly any on AUDUSD.

Our first public release of EZE057v007 is complete but having an EA with this range of facilities means we are a very long way from realising its full potential. This is why we are offering subscription refunds to members for providing us with good new EZE057 settings on different pairs and good new trade entry and exit routines developed from the source code modules we have provided.

recint & elv1s. Thank you both for your interest in EzeFx and your comments.

Title: Re: Easy Forex (ezefx.com)
Post by: Ree on March 22, 2012, 06:29:49 AM
999cjb what setting do you use here?

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1

can you post them?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 22, 2012, 07:07:07 AM
999cjb what setting do you use here?

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1

can you post them?

This is a small live account running EURUSD, GBPUSD and AUDUSD all on the same cautious settings. They run standard module 2 with UHS2=677.

I have another account running EURUSD on a more aggressive setting which has made 270 pips in the last two weeks. EZE057 performance is very encouraging so far.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on March 24, 2012, 03:16:18 AM
Very good start with EZE057. 15 trades in 3 days using EUR, GBP and AUD. 14 wins and 1 very small loss. Made $15 on cent account. In comparison Forex Envy made $30 in 3 weeks. I would like to test more settings but this Ea is complex. Current settings come from developer.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 24, 2012, 11:18:19 AM
Anyone being offered an MT4 upgrade to build 418 by their broker should decline.

This is because an "improvement" made in this build can affect all EAs using a dll in the installation.

If you upgrade to build 418, your EZE057 may no longer work. We are looking at this problem now to see if we can find a fix.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 25, 2012, 07:54:43 AM
Anyone being offered an MT4 upgrade to build 418 by their broker should decline.

This is because an "improvement" made in this build can affect all EAs using a dll in the installation.

If you upgrade to build 418, your EZE057 may no longer work. We are looking at this problem now to see if we can find a fix.

It seems MetaQuotes have conceded there is a problem in build 418 and are hoping to release a "fix within a few days".

I have successfully downloaded a generic build 409 and this is working fine.

To do the same:-

Close your MT4.
Backup your entire MT4 folder (just in case!).
Get a generic 409 terminal.exe and load it over the top of the 418 version.
Rename LiveUpdate.exe to NoLiveUpdate.exe to stop the automatic update from functioning.
Open MT4.

After Metaquotes has fixed the problem, you will need to rename NoLiveUpdate.exe back to LiveUpdate.exe so future updates will work.

Any members who have upgraded to build 418 and need a copy of the generic build 409 should raise a support ticket so we can send you the software.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 25, 2012, 07:56:43 PM
We start live running tonight on version 8 of EZE057. This is a bug fix version dealing with the known errors to date which are:-

Price slippage errors on 5 digit brokers. This prevented one of our live accounts taking a full TP on Friday.  :(

Money management lot size calculation errors when using brokers with minimum 0.10 lot size.

The release version 7 is fine to run for now as long as you bear the above in mind.

We have not been able to produce an updated release due to the MT4 build 418 problems which required a lot of investigation before MetaQuotes admitted their error. This took up most of our time this weekend.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 26, 2012, 02:05:11 PM
Two enhancements have been added to EZE057 for the next release.

1. A setting to inhibit hedge trading when multiple trades are allowed. This is for use on brokers not allowing hedging.

2. A setting allowing the true TP and SL to be disguised. This was in EZE020 and is a useful facility where it is thought that brokers are stop loss hunting.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 27, 2012, 07:23:32 AM
We have now completed one months live running on EZE057.

We run EURUSD, GBPUSD and AUDUSD together all at a low risk.

This has yielded a gain of 7.5% for the month. More than satisfactory for a low risk account.

Check it out at:-

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)
Title: Re: Easy Forex (ezefx.com)
Post by: Pip Train on March 29, 2012, 09:53:10 AM
We have now completed one months live running on EZE057.

We run EURUSD, GBPUSD and AUDUSD together all at a low risk.

This has yielded a gain of 7.5% for the month. More than satisfactory for a low risk account.

Check it out at:-

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)


Hi 999cjb


Could you please give me some detail about your EA, I have read about 3/4 of this thread , but there seems to be some many updates and different EA numbers that it seems confusing, I like what I see in this latest EA but it seems there is a different EA number just about every other month, is this still an ongoing project? Maybe its me , but you would think this thread would have gotten more attention with a Live account record which looks good for this past month, maybe others are some what confused too, who knows but would like if you could just explain it and wrap it all together here to read

cheers   
Title: Re: Easy Forex (ezefx.com)
Post by: Byte on March 29, 2012, 10:14:15 AM
I have to say EZE057 (module 2) scares me a bit. It is the first EA in a while that made me money right from the start. I started some time on the 27.05. and EUR/USD made me about 72.5 pips, GBP/USD 50.6 pips and AUD/USD 51.5 pips

I have to be carefull not to get too euphoric. I know there will be other times as well ...

Edit:
I probably should add that EZE020 lost me quiet a bit of money ...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 29, 2012, 11:39:31 AM
I have to say EZE057 (module 2) scares me a bit. It is the first EA in a while that made me money right from the start. I started some time on the 27.05. and EUR/USD made me about 72.5 pips, GBP/USD 50.6 pips and AUD/USD 51.5 pips

I have to be carefull not to get too euphoric. I know there will be other times as well ...

Edit:
I probably should add that EZE020 lost me quiet a bit of money ...

Glad to see your initial results are good. So are mine  :)

The versatility of EZE057 has meant that we have replaced EZE020 with EZE057 module 1. This can be run in exact EZE020 mode or can take advantage of additional features in EZE057 to improve performance.

EZE020 will cease to operate after this week so any members still running EZE020 should upgrade to EZE057 module 1 at the weekend. If the same magic number is used, EZE057 will take over the existing EZE020 trades.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 29, 2012, 11:41:53 AM
We have now completed one months live running on EZE057.

We run EURUSD, GBPUSD and AUDUSD together all at a low risk.

This has yielded a gain of 7.5% for the month. More than satisfactory for a low risk account.

Check it out at:-

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)


Hi 999cjb


Could you please give me some detail about your EA, I have read about 3/4 of this thread , but there seems to be some many updates and different EA numbers that it seems confusing, I like what I see in this latest EA but it seems there is a different EA number just about every other month, is this still an ongoing project? Maybe its me , but you would think this thread would have gotten more attention with a Live account record which looks good for this past month, maybe others are some what confused too, who knows but would like if you could just explain it and wrap it all together here to read

cheers

We have tried to put as much detail as possible on our main website so I don't want to repeat all this here, making it a long and rambling post.

EZE057 is the 57th EA we have developed. Many of the early ones looked good but turned out to be dismal failures. Over the years we have learned to be cautious to the extent that we have almost been terrified to release an EA in case it failed. So EZE057 is the result. If you look at http://www.ezefx.com/EZE057intro.pdf  (http://www.ezefx.com/EZE057intro.pdf)
you will see the capabilities of this EA. Many of its forerunners have been used in live and demo accounts by us for some months and the best features of each have been rolled up into EZE057.

This has enabled us to plan to drop all previous EAs over a period of time so we can concentrate all our resources on EZE057. We do not plan to release any more EAs at the present time.

Our policy of providing EZE057 free to subscribing members with no refunds of subscriptions permitted probably has a lot to do with the lack of attention here. But $25 a month is not a lot to pay and means our continued development can be funded together with the support we believe our members deserve.

In EZE057, we not only have a very comprehensive EA that will trade in a huge number of different ways but one where we provide source code for members to develop their own entry and exit routines and be paid for doing this. We also allow members to sell their own routines as addons to EZE057 if they feel this would be more profitable for them.

It is still early days for EZE057. The first public release was version 7 and we are busy working on version 8 now. This has bug fixes and some new features.

The small live account on myfxbook is run at a very cautious level while the set files provided with the release are more aggressive. I am now running EZE057 on seven of my live broker accounts at various risk settings to analyse results over the next few weeks.

If anyone has more queries about EZE057 I'll be glad to answer them here.
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on March 29, 2012, 11:58:52 AM
Please,  999cjb , do you provide the set files of the myfxbook EZE057 Live 1 ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 29, 2012, 12:14:24 PM
Please,  999cjb , do you provide the set files of the myfxbook EZE057 Live 1 ?

Yes. The set files for module 1 (EZE020 workalike) and module 2 (as in the EZE057 live 1 myfxbook) are included with the members download package.

If you want to use the more cautious settings as shown on myfxbook, amend UHS2 to 677 instead of 1400.
Title: Re: Easy Forex (ezefx.com)
Post by: Pip Train on March 29, 2012, 01:17:17 PM
We have now completed one months live running on EZE057.

We run EURUSD, GBPUSD and AUDUSD together all at a low risk.

This has yielded a gain of 7.5% for the month. More than satisfactory for a low risk account.

Check it out at:-

http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)


Hi 999cjb


Could you please give me some detail about your EA, I have read about 3/4 of this thread , but there seems to be some many updates and different EA numbers that it seems confusing, I like what I see in this latest EA but it seems there is a different EA number just about every other month, is this still an ongoing project? Maybe its me , but you would think this thread would have gotten more attention with a Live account record which looks good for this past month, maybe others are some what confused too, who knows but would like if you could just explain it and wrap it all together here to read

cheers

We have tried to put as much detail as possible on our main website so I don't want to repeat all this here, making it a long and rambling post.

EZE057 is the 57th EA we have developed. Many of the early ones looked good but turned out to be dismal failures. Over the years we have learned to be cautious to the extent that we have almost been terrified to release an EA in case it failed. So EZE057 is the result. If you look at http://www.ezefx.com/EZE057intro.pdf  (http://www.ezefx.com/EZE057intro.pdf)
you will see the capabilities of this EA. Many of its forerunners have been used in live and demo accounts by us for some months and the best features of each have been rolled up into EZE057.

This has enabled us to plan to drop all previous EAs over a period of time so we can concentrate all our resources on EZE057. We do not plan to release any more EAs at the present time.

Our policy of providing EZE057 free to subscribing members with no refunds of subscriptions permitted probably has a lot to do with the lack of attention here. But $25 a month is not a lot to pay and means our continued development can be funded together with the support we believe our members deserve.

In EZE057, we not only have a very comprehensive EA that will trade in a huge number of different ways but one where we provide source code for members to develop their own entry and exit routines and be paid for doing this. We also allow members to sell their own routines as addons to EZE057 if they feel this would be more profitable for them.

It is still early days for EZE057. The first public release was version 7 and we are busy working on version 8 now. This has bug fixes and some new features.

The small live account on myfxbook is run at a very cautious level while the set files provided with the release are more aggressive. I am now running EZE057 on seven of my live broker accounts at various risk settings to analyse results over the next few weeks.

If anyone has more queries about EZE057 I'll be glad to answer them here.


Thank you, will look at your website
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on March 29, 2012, 01:54:51 PM
So far very good results. Started March 20. Total 36 trades, so far one small loss and one biggger loss, rest all winners. Total profit 23.79 this is on cent account. Next week I will increase lot sizes. I will start playing with this Ea next month when I get another licence and can use demo for testing. I must admit Ea is little bit difficult to understand. I use provided set files.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 31, 2012, 09:03:44 AM
This is a final reminder that EZE020 will stop working this weekend.

It has been replaced with EZE057 module 1. There is a module 1 set file in the EZE057 load package.

If you use the same magic number you allocated to EZE020 then EZE057 will continue with any existing trades.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 31, 2012, 05:35:08 PM
We have updated our main website so that the links to the EZE057 announcement and backtest results now show some of the new version 8 information.

The announcement link has additional features listed and bug fixes from version 7.

The backtest results links 10, 11 and 12 show three runs of GBPUSD with cautious, standard and aggressive strategies shown.

Version 8 should be released tomorrow.
Title: Easy Forex (ezefx.com)
Post by: e1vis on March 31, 2012, 06:28:02 PM
Very much looking forward to the update!

I notice backtest 5 is still using v4 of the ea? Is it possible to get a v8 backtest for audusd?

Also, are the "standard" settings changing with v8? GBP v7 standard (and the EURUSD standard) both use UHS2 settings of 1200 but I see the v8 UHS2 "standard" setting is now 1400 - is this the recommended setting for standard risk across all pairs with v8?

Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on March 31, 2012, 07:13:50 PM
Very much looking forward to the update!

I notice backtest 5 is still using v4 of the ea? Is it possible to get a v8 backtest for audusd?

Also, are the "standard" settings changing with v8? GBP v7 standard (and the EURUSD standard) both use UHS2 settings of 1200 but I see the v8 UHS2 "standard" setting is now 1400 - is this the recommended setting for standard risk across all pairs with v8?

Thanks

We are updating the backtests as soon as possible. Links 10,11 and 12 in http://www.ezefx.com/EZE057-Backtest-Results.html (http://www.ezefx.com/EZE057-Backtest-Results.html)
use version 8 and show results from the three UHS settings as you know.

In fact, you can put almost any number you like in UHS2. The higher the number, the higher the risk, the more trades are taken and the higher the reward (up to a point).

I would suggest you backtest with various settings on your broker account but with EZE057 I have found the backtest results using the broker data are  rubbish and EZE057 performs better in real life. Using 99% tick data from Dukas seems a good compromise to me as it seems to get much nearer to the real life situation.

One of our best potential results this week was compromised due to requotes on both opening and closing trades. We have drastically reworked the open and close routines to see if we can beat this problem. It only happens on a few brokers and we know who they are.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2012, 12:35:25 PM
Another good week for EZE057. Module 1 has successfully picked up our EZE020 trades while module 2 has gained us 564 pips this week and 1,086 pips in March overall. We are continuing to add module 2 to our live broker accounts this weekend ready for what we hope will be a great April.

One of the best things about EZE057 from a developers point of view is that it neatly separates trading strategy from trading action. In general, EZE057 simply opens trades when told to, looks after them and closes them either when told to or, if allowed, when necessary. The EZE900 and EZE901 programs deal with the strategy only in deciding if and when orders should be opened and closed. EZE057 allows a "mix & match" setup where different types of strategy can be trialled easily and the strategy can automatically change depending on the time of day, week, month or year.

We have added two more backtests to those shown on our main website. These are for AUDUSD with standard and aggressive strategies. Find these at :- http://www.ezefx.com/EZE057-Backtest-Results.html (http://www.ezefx.com/EZE057-Backtest-Results.html)
Title: Re: Easy Forex (ezefx.com)
Post by: forexforever on April 02, 2012, 01:09:31 PM
wll the most recent backtests are quite impressive. it doesnt trade that often does it only around 2 trades per week. also in your pdf you say the settings are very open to allow user to set them themselves. u  also say that there is martingale options, hedging etc.

can you tell me a little about the set files you used for the backtest. what i thought was a sl of around 60 and the same for TP. does it ever open more than 1 trade at a time same direction?

also any other information u advise, i am impressed and if i can get some more information i will get on board this time.

thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2012, 01:33:39 PM
wll the most recent backtests are quite impressive. it doesnt trade that often does it only around 2 trades per week. also in your pdf you say the settings are very open to allow user to set them themselves. u  also say that there is martingale options, hedging etc.

can you tell me a little about the set files you used for the backtest. what i thought was a sl of around 60 and the same for TP. does it ever open more than 1 trade at a time same direction?

also any other information u advise, i am impressed and if i can get some more information i will get on board this time.

thanks

Most of the backtests use module 2. This has no martingale although the option is there if you want it. In live running, it seems to trade more often, perhaps about 4 times a week. Depending on the risk settings you use, it can open from one to possibly five trades separated by a pips gap of your choice while the trading opportunity window is open. As you increase the risk, the window stays open for longer. You can limit the number of trades you have open concurrently by using the OrderLimit setting.

There is a hard TP of 50 and hard SL of 60 for EURUSD and GBPUSD. AUDUSD runs with higher TP/SL of 80 and 100. All these can be changed in the settings. You can also use trailing stops and the module 2 close routine has early close settings if the trends are changing.

To get a good backtest, you need good data. I use Dukas 99% data. The standard broker data is rubbish for this EA. I am thinking of buying good 90% data to see if it is as good as Dukas.

If you look at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf) you can see the range of options available. We also provide source code to enable you to use your own indicators and strategies to drive EZE057.

I know we have only scratched the surface of this EA and we are setting up tests of new strategies and pairs to make it even more versatile.

Don't forget to look at the myfxbook pages we detailed in earlier posts.

We'd be glad to welcome you as a member.  :)
Title: Easy Forex (ezefx.com)
Post by: e1vis on April 02, 2012, 01:55:09 PM
wll the most recent backtests are quite impressive. it doesnt trade that often does it only around 2 trades per week. also in your pdf you say the settings are very open to allow user to set them themselves. u  also say that there is martingale options, hedging etc.

can you tell me a little about the set files you used for the backtest. what i thought was a sl of around 60 and the same for TP. does it ever open more than 1 trade at a time same direction?

also any other information u advise, i am impressed and if i can get some more information i will get on board this time.

thanks

Most of the backtests use module 2. This has no martingale although the option is there if you want it. In live running, it seems to trade more often, perhaps about 4 times a week. Depending on the risk settings you use, it can open from one to possibly five trades separated by a pips gap of your choice while the trading opportunity window is open. As you increase the risk, the window stays open for longer. You can limit the number of trades you have open concurrently by using the OrderLimit setting.

There is a hard TP of 50 and hard SL of 60 for EURUSD and GBPUSD. AUDUSD runs with higher TP/SL of 80 and 100. All these can be changed in the settings. You can also use trailing stops and the module 2 close routine has early close settings if the trends are changing.

To get a good backtest, you need good data. I use Dukas 99% data. The standard broker data is rubbish for this EA. I am thinking of buying good 90% data to see if it is as good as Dukas.

If you look at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf) you can see the range of options available. We also provide source code to enable you to use your own indicators and strategies to drive EZE057.

I know we have only scratched the surface of this EA and we are setting up tests of new strategies and pairs to make it even more versatile.

Don't forget to look at the myfxbook pages we detailed in earlier posts.

We'd be glad to welcome you as a member.  :)

Quick q - the latest gbpusd backtests also run with 100/120 TP/SL. Is this the recommended level for GBP or is it still 50/60?
Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2012, 02:03:56 PM
wll the most recent backtests are quite impressive. it doesnt trade that often does it only around 2 trades per week. also in your pdf you say the settings are very open to allow user to set them themselves. u  also say that there is martingale options, hedging etc.

can you tell me a little about the set files you used for the backtest. what i thought was a sl of around 60 and the same for TP. does it ever open more than 1 trade at a time same direction?

also any other information u advise, i am impressed and if i can get some more information i will get on board this time.

thanks

Most of the backtests use module 2. This has no martingale although the option is there if you want it. In live running, it seems to trade more often, perhaps about 4 times a week. Depending on the risk settings you use, it can open from one to possibly five trades separated by a pips gap of your choice while the trading opportunity window is open. As you increase the risk, the window stays open for longer. You can limit the number of trades you have open concurrently by using the OrderLimit setting.

There is a hard TP of 50 and hard SL of 60 for EURUSD and GBPUSD. AUDUSD runs with higher TP/SL of 80 and 100. All these can be changed in the settings. You can also use trailing stops and the module 2 close routine has early close settings if the trends are changing.

To get a good backtest, you need good data. I use Dukas 99% data. The standard broker data is rubbish for this EA. I am thinking of buying good 90% data to see if it is as good as Dukas.

If you look at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf) you can see the range of options available. We also provide source code to enable you to use your own indicators and strategies to drive EZE057.

I know we have only scratched the surface of this EA and we are setting up tests of new strategies and pairs to make it even more versatile.

Don't forget to look at the myfxbook pages we detailed in earlier posts.

We'd be glad to welcome you as a member.  :)

Quick q - the latest gbpusd backtests also run with 100/120 TP/SL. Is this the recommended level for GBP or is it still 50/60?
Thanks

That's because the latest version has the Disguise setting. For the tests we set Disguise to 50 (meaning 50%) and then set TP/SL to the values the broker sees. Then EZE057 closes out at 50% of these values.
Title: Easy Forex (ezefx.com)
Post by: e1vis on April 02, 2012, 05:21:12 PM
wll the most recent backtests are quite impressive. it doesnt trade that often does it only around 2 trades per week. also in your pdf you say the settings are very open to allow user to set them themselves. u  also say that there is martingale options, hedging etc.

can you tell me a little about the set files you used for the backtest. what i thought was a sl of around 60 and the same for TP. does it ever open more than 1 trade at a time same direction?

also any other information u advise, i am impressed and if i can get some more information i will get on board this time.

thanks

Most of the backtests use module 2. This has no martingale although the option is there if you want it. In live running, it seems to trade more often, perhaps about 4 times a week. Depending on the risk settings you use, it can open from one to possibly five trades separated by a pips gap of your choice while the trading opportunity window is open. As you increase the risk, the window stays open for longer. You can limit the number of trades you have open concurrently by using the OrderLimit setting.

There is a hard TP of 50 and hard SL of 60 for EURUSD and GBPUSD. AUDUSD runs with higher TP/SL of 80 and 100. All these can be changed in the settings. You can also use trailing stops and the module 2 close routine has early close settings if the trends are changing.

To get a good backtest, you need good data. I use Dukas 99% data. The standard broker data is rubbish for this EA. I am thinking of buying good 90% data to see if it is as good as Dukas.

If you look at http://www.ezefx.com/EZE057intro.pdf (http://www.ezefx.com/EZE057intro.pdf) you can see the range of options available. We also provide source code to enable you to use your own indicators and strategies to drive EZE057.

I know we have only scratched the surface of this EA and we are setting up tests of new strategies and pairs to make it even more versatile.

Don't forget to look at the myfxbook pages we detailed in earlier posts.

We'd be glad to welcome you as a member.  :)

Quick q - the latest gbpusd backtests also run with 100/120 TP/SL. Is this the recommended level for GBP or is it still 50/60?
Thanks

That's because the latest version has the Disguise setting. For the tests we set Disguise to 50 (meaning 50%) and then set TP/SL to the values the broker sees. Then EZE057 closes out at 50% of these values.

Thanks - that makes sense, but then shouldn't the latest audusd tests have a TP/SL of 200/240 given the 50% disguise setting? Or have I missed something?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2012, 05:46:59 PM
Thanks - that makes sense, but then shouldn't the latest audusd tests have a TP/SL of 200/240 given the 50% disguise setting? Or have I missed something?

Er - red faces all round here  :-[

We have found and are fixing a number of bugs for the next release. This looks like it should be coming quite soon!

The fixes will cover:-

Display problems and error messages - these can be ignored as they do not affect the running of EZ057.

Required slippage is not being used. The replacement open/close routines do the retries though. It's hard to tell whether this fix will improve the results or not.

Where disguise is not 100%, the lot size is being reduced by the disguise percentage. At least it's erring on the safe side.

Plus any others we discover this week.

I think we need a day off. Easter can't come soon enough  8)

Oh yes, and we'll redo the affected backtests.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 02, 2012, 10:33:13 PM
Final update after a busy day.

1. We have version 9 running on test with all previously mentioned bugs fixed.

2. http://www.ezefx.com/EZE057-Backtest-Results.html (http://www.ezefx.com/EZE057-Backtest-Results.html) links 13 and 14 show updated backtests on AUDUSD using version 9.

That's it. Goodnight.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 02, 2012, 11:23:16 PM
Are the versions 8 and 9 available. I am still on first release of o57.
Title: Easy Forex (ezefx.com)
Post by: e1vis on April 02, 2012, 11:26:56 PM
Are the versions 8 and 9 available. I am still on first release of o57.

8 is certainly available from the members area. Not sure about 9.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 03, 2012, 12:09:59 AM
I downloaded the files to check and the last version I get is 006. Seem to be confusing. Also I do not see any presets for 008.
Title: Easy Forex (ezefx.com)
Post by: e1vis on April 03, 2012, 12:28:07 AM
You may be right - I haven't downloaded v8, just seen the contents of the package described on the website. Maybe it's not actually been uploaded correctly...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 03, 2012, 07:35:01 AM
Good morning. I've just downloaded the package again from the website just to check it's all OK. Seems fine to me.

The latest release is version 8. Version 9 should be released this weekend and corrects a number of minor bugs.

We do not aim to release version 9 now as we'd like to scoop up any other bugs this week and fix those as well.

But if anyone would like the version 9 program pre-release (at their own risk) please send a ticket.

It was interesting to see how this morning's Aussie spike closed off a number of positive AUDUSD trades. Thanks guys!

With module 2, it is fascinating to see how differences in broker and risk settings affects trading action. So don't expect exactly the same trades even if you have identical settings. But I love to watch how it nearly always seems to get itself out of a bad trade. Some of our high risk accounts had plenty of bad trades yesterday but out of probably 100 trades taken with 14 brokers we only had one stop loss.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 03, 2012, 11:03:38 AM
EZE057 version 9 has now been released to members. This fixes all known bugs found so far and runs well on backtest. We have not had time to run version 9 live but are updating some broker accounts now.

Versions 7 and 8 are still available so there is no need to upgrade urgently unless you have a specific version 7 or 8 problem.

We have provided individual set files in version 9 for EURUSD, GBPUSD and AUDUSD to make things a bit easier. Please check your magic numbers and risk levels to avoid problems if you are running multiple pairs on one account.

Looking at our trades in the last 24 hours, we have had 100% success in a choppy market. Can't do better than that  :)
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on April 03, 2012, 12:02:31 PM
Looking at our trades in the last 24 hours, we have had 100% success in a choppy market. Can't do better than that  :)
Where is statement ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 03, 2012, 03:01:40 PM
Looking at our trades in the last 24 hours, we have had 100% success in a choppy market. Can't do better than that  :)
Where is statement ?

We run twenty broker accounts so compiling statements for all these would not be practicable. We have 2 myfxbook accounts and the links are in earlier posts. If you want to see anything in particular, let me know.
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on April 03, 2012, 03:10:54 PM
Thanks i've found link above.
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on April 03, 2012, 04:13:20 PM
What risk you're using in this account ?: http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1
We have 2 myfxbook accounts and the links are in earlier posts.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 03, 2012, 04:27:39 PM
What risk you're using in this account ?: http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1
We have 2 myfxbook accounts and the links are in earlier posts.
The risk is 5% per trade. But the account has been running on a cautious setting until today. I have just updated the software to version 9 and from now on am running the three pairs at standard settings as per the set files provided with the software.

Risk is controlled by lot size calculations, trading window elapsed time, concurrent trade gaps, risk types, loss limiter percentages, maximum concurrent orders and various other factors. All are adjustable by the user.
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on April 03, 2012, 04:34:02 PM
Thanks.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 04, 2012, 05:46:55 PM
After some successful backtests of MT4 build 419, I have put the live EZE057 myfxbook account onto build 419 in an act of blind faith.

Check out
http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)
to see if I am crazy or not.  8) 8)
Title: Re: Easy Forex (ezefx.com)
Post by: wynkins on April 05, 2012, 01:36:17 PM
After some successful backtests of MT4 build 419, I have put the live EZE057 myfxbook account onto build 419 in an act of blind faith.

Check out
http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)
to see if I am crazy or not.  8) 8)

Are you using the 3 module 2 set files that come in the v9 package on that account?

I have just set up on a live Hotforex account, and have had 14 trades since 4pm GMT on April 3rd, not counting those still open, using the module 2 set files provided. Just over 5% gain (screenshot with lots of green attached). Your account is showing 5 trades over the same period. Are you running a more cautious setting than that in the module 2 set files or is it broker differences?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 05, 2012, 04:18:41 PM
After some successful backtests of MT4 build 419, I have put the live EZE057 myfxbook account onto build 419 in an act of blind faith.

Check out
http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1 (http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1)
to see if I am crazy or not.  8) 8)

Are you using the 3 module 2 set files that come in the v9 package on that account?

I have just set up on a live Hotforex account, and have had 14 trades since 4pm GMT on April 3rd, not counting those still open, using the module 2 set files provided. Just over 5% gain (screenshot with lots of green attached). Your account is showing 5 trades over the same period. Are you running a more cautious setting than that in the module 2 set files or is it broker differences?

I am now. Previously I was running on build 416 with more cautious settings. Having upgraded to build 419, I have set EZE057 to run on the module 2 set files in the distribution. However, the AUDUSD set file has been mistakenly set to double the risk of the other two pairs so this has now been amended.

Also, the old MT4 lost contact with the broker server intermittently after they made 419 available so a number of trades were lost then.

It does seem though that 5 digit brokers see more "action" than 4 digit brokers. Whether this is more risky remains to be seen.

We are producing a "Risk Control Methods" document for module 2 which will hopefully answer a lot of questions about how to keep multiple trades under control. Is is possible to not only have different EZE057 pairs trading on the same account but more than one instance of the same pair trading with different risk settings.
Title: Re: Easy Forex (ezefx.com)
Post by: wynkins on April 05, 2012, 04:37:40 PM

[/quote]

However, the AUDUSD set file has been mistakenly set to double the risk of the other two pairs so this has now been amended.
[/quote]

Is it just the Risk setting that needs reducing from 10 to 5, or are there other changed settings in the amended set file?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 05, 2012, 05:35:01 PM

However, the AUDUSD set file has been mistakenly set to double the risk of the other two pairs so this has now been amended.

Is it just the Risk setting that needs reducing from 10 to 5, or are there other changed settings in the amended set file?

That's it. There may have been a Comments setting which read v008 instead of v009 but no other differences between the v009 set files and the way the live myfxbook is running now.

In our other live accounts we have had varying numbers of EURUSD trades today and a few AUDUSD but no GBPUSD.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 05, 2012, 08:14:38 PM
Would it be possible to update backtest for the other strategies MA etc using v009.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 05, 2012, 10:42:21 PM
Would it be possible to update backtest for the other strategies MA etc using v009.

We're working over the Easter weekend on a number of improvements to documentation, installation and more backtests using v009.

So far, we've had a pretty good week. Hope you have too. We're leaving everything running over the Easter period to see what happens.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 05, 2012, 11:04:44 PM
Yes so far great results. I am testing the settings but have a hard time to understand how this EA works. Any new explanation and documentation is welcome.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 06, 2012, 12:00:34 PM
Yes so far great results. I am testing the settings but have a hard time to understand how this EA works. Any new explanation and documentation is welcome.

There is a new document in the members section specifically dealing with module 2 of EZE057. The first document concerns control of risk in an environment where you are dealing with multiple concurrent orders.

EZE057 has eight settings directly involving risk control in this module and should be read in addition to the other manuals and associated downloadable documentation.

We are continuing to work on module 2 and other areas of EZE057 versatility.
Title: Easy Forex (ezefx.com)
Post by: e1vis on April 06, 2012, 10:38:50 PM
Well, lesson learned - don't run this through nfp. One full stop loss, one trade currently at -47 pips and another at -30. It was all going so well....
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on April 06, 2012, 10:47:53 PM
Well, lesson learned - don't run this through nfp. One full stop loss, one trade currently at -47 pips and another at -30. It was all going so well....
Me too.
Cut the losses and we steel in game.
Because of that i droped GU.
I go run only AU and EU.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 06, 2012, 11:25:55 PM
Nothing wins 100% for ever unfortunately. We were lucky in that only some of our GBPUSD installations took the sell trades last night. So far two SLs and a long weekend wait to see what happens next.

NFP is not often a problem for EZE057 but NFP plus Good Friday closure of UK markets gives added uncertainty.

As it happens, our live myfxbook account did not take the GBPUSD trades but is currently in a small drawdown with one EURUSD trade. The demo myfxbook account has three GBPUSD in drawdown over the weekend.

Looks like our risk control document came out just too late.

I have imposed a limit on the allowed number of trades for two brokers due to their larger margin requirements. But everything else is staying as is.

We shall be analysing todays GBPUSD trades this weekend to see if any improvements can be made. The problem is that any additional filters will undoubtedly reduce the number of good trades as well and in the long run may not improve profitability.


Title: Easy Forex (ezefx.com)
Post by: e1vis on April 07, 2012, 12:05:06 AM
Nothing wins 100% for ever unfortunately. We were lucky in that only some of our GBPUSD installations took the sell trades last night. So far two SLs and a long weekend wait to see what happens next.

NFP is not often a problem for EZE057 but NFP plus Good Friday closure of UK markets gives added uncertainty.

As it happens, our live myfxbook account did not take the GBPUSD trades but is currently in a small drawdown with one EURUSD trade. The demo myfxbook account has three GBPUSD in drawdown over the weekend.

Looks like our risk control document came out just too late.

I have imposed a limit on the allowed number of trades for two brokers due to their larger margin requirements. But everything else is staying as is.

We shall be analysing todays GBPUSD trades this weekend to see if any improvements can be made. The problem is that any additional filters will undoubtedly reduce the number of good trades as well and in the long run may not improve profitability.

I think I will just switch it off on nfp days. As I say, up until today results had been fantastic. Unfortunately , having suffered one today, I'm now steeling myself for another two SLs on Monday...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 07, 2012, 09:19:29 AM
Having analysed our trades over the period we have been running live, things are much more encouraging than Friday would indicate.

We started EZE057 live 6 weeks ago with three instances. This has been built up to 22 instances of EZE057 this week. Overall, EURUSD with 9 pairs has made 800 pips, GBPUSD with 9 pairs has made 507 pips and AUDUSD with 4 pairs has made 122 pips.

In total, 1429 pips gained.

This weekend we have 18 trades in drawdown, 6 on EURUSD and 12 on GBPUSD.

Taking an absolute worst case outcome, if all 18 trades reached full stop loss we would lose 1080 pips, leaving our gains at 349 pips.

But with 22 x EZE057 running and the losses on Friday we still made 343 pips this week so I believe "Bad Friday" will soon be forgotten.

I hope this puts things in perspective. It has certainly improved my mood this morning  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 08, 2012, 02:22:47 PM
Members please read the updated Stop Press section on the member site. This relates to backtesting and risk control.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 09, 2012, 03:06:21 AM
Out of 3 GBPUSD trades 2 hit stop loss and 1 small take profit.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 09, 2012, 07:36:42 AM
Of the 18 hanging trades in drawdown spread over 11 brokers, all our 6 EURUSD trades finished in profit.

From the 12 GBPUSD trades, 5 finished in profit, 3 went to stop loss and 4 are still open.

This result is much better than I was expecting when I posted on Saturday.

In looking at these results, if we had added 10 pips to the SL we would have had no losses but it's too late now of course.

We are wondering whether the addition of a "thin trading" filter would have avoided taking these Good Friday trades. We are moving this to the top of our "to do" list today.
Title: Re: Easy Forex (ezefx.com)
Post by: svengraf on April 10, 2012, 11:44:10 AM
On my live account (FinFX ECN Pro) EZE took a GU-long @1.5913 this morning, which was closed 1 hour later with a loss of -60 pips.

Since the vendor account doesn't show this trade: anyone else, who got that loss?

Cheers Sven
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 10, 2012, 11:53:54 AM
On my live account (FinFX ECN Pro) EZE took a GU-long @1.5913 this morning, which was closed 1 hour later with a loss of -60 pips.

Since the vendor account doesn't show this trade: anyone else, who got that loss?

Cheers Sven

Sorry you got this SL Sven.

I have 11 live and 1 demo accounts all running GBPUSD with standard EZE057 module 2 settings. None of them have traded today.

So your SL is unexpected and, I think, unusual.

If you can send me your settings, I'll be pleased to have a look to see if I can find a problem. Also, it may be a good idea to check the "silly" things such as making sure you are running with module 2 and that your chart is M15.
Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 10, 2012, 12:06:38 PM
I did not get the GBPUSD trade.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 10, 2012, 12:17:12 PM
I had one sell GBPUSD trade still hanging over from Good Friday this morning. This had been set to 100 pips stop loss instead of the standard value.

It finally closed a few minutes ago with a 9 pip profit.

Just lucky I guess.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: svengraf on April 10, 2012, 03:03:06 PM
On my live account (FinFX ECN Pro) EZE took a GU-long @1.5913 this morning, which was closed 1 hour later with a loss of -60 pips.

Since the vendor account doesn't show this trade: anyone else, who got that loss?

Cheers Sven

Sorry you got this SL Sven.

I have 11 live and 1 demo accounts all running GBPUSD with standard EZE057 module 2 settings. None of them have traded today.

So your SL is unexpected and, I think, unusual.

If you can send me your settings, I'll be pleased to have a look to see if I can find a problem. Also, it may be a good idea to check the "silly" things such as making sure you are running with module 2 and that your chart is M15.



Yes, timeframe (M15) is correct, as well as running module 2....you can investigate the trade under my live account:

http://www.myfxbook.com/members/svengraf/forex-flow--kangaroo-/242892

further, here are my GU-settings:
EZE9Custom=0
UserhookOpen=2
UserhookClose=2
Gap=5.00000000
GapFactor=1.00000000
Risk=0.00000000
RiskType=1
MinLots=0.10000000
Magic=57002
Slip=5
BasketProfitPercent=100.00000000
EaterProfitPercent=100.00000000
EaterLotDivisor=20.00000000
LossLimiterPercent=0.00000000
TakeProfit=100.00000000
StopLoss=120.00000000
TrailingStopStart=22
TrailingStopLimit=22
ScaleTS=1.00000000
TSplus=5
Step=2.00000000
MaxLots=9999.00000000
OrderLimit=3
LotFactor=1.00000000
LotSeparation=1
GMToffset=3
EZE057Comment=EZE057v009
Testing=0
Direction=3
MaxOrders=0
Disguise=50.00000000
MaxSpread=5.00000000
UHS1=2
UHS2=1400
UHS3=40
UHS4=5
UHS5=1
UHS6=9
UHS7=3600
UHS8=30
UHS9=900
UHS10=0

Thanks Sven!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 10, 2012, 03:34:35 PM
Sven, I can't see anything wrong with your setup at all so it's hard to work out what could have gone wrong. I don't use FinFX so can't help there either.

All I can suggest is that if you get more losing trades which others don't get, that you consider reducing the UHS2 setting which would compensate for a "jumpy" feed causing a trade to open. This is more likely to be a problem on brokers with 5 digit pricing.

At least you got the latest AUDUSD trade which will help a bit.
 
Title: Re: Easy Forex (ezefx.com)
Post by: svengraf on April 10, 2012, 08:11:35 PM
All I can suggest is that if you get more losing trades which others don't get, that you consider reducing the UHS2 setting which would compensate for a "jumpy" feed causing a trade to open. This is more likely to be a problem on brokers with 5 digit pricing.

At least you got the latest AUDUSD trade which will help a bit.

Just followed your advice and reduced UHS2 to 1200 at FinFX. So let's see, how low I have to go :-)....Also suppose it's FinFX data feed: I have EZE057 running at another live account (FXPig ECN, same settings like FinFX) and there I only got the profitable AUDUSD trade today.

L

Title: Easy Forex (ezefx.com)
Post by: e1vis on April 10, 2012, 08:16:02 PM
All I can suggest is that if you get more losing trades which others don't get, that you consider reducing the UHS2 setting which would compensate for a "jumpy" feed causing a trade to open. This is more likely to be a problem on brokers with 5 digit pricing.

At least you got the latest AUDUSD trade which will help a bit.

Just followed your advice and reduced UHS2 to 1200 at FinFX. So let's see, how low I have to go :-)....Also suppose it's FinFX data feed: I have EZE057 running at another live account (FXPig ECN, same settings like FinFX) and there I only got the profitable AUDUSD trade today.

L

I didn't get the GBP trade on pepperstone either.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 11, 2012, 11:39:57 AM
We have had a number of requests from members to show other aspects of the versatility of EZE057 and some in particular to show results from version 9 grid trading.

This is a grid trading example we produced this morning on AUDNZD which is running at a ten pip spread. In grid mode, EZE057 does not use any userhooks so the UHS values are ignored.

Personally, I think grid trading is dangerous unless tightly controlled or used at a very low risk. This example had a maximum of 19 concurrent trades but no Martingale was used.

http://www.ezefx.com/StrategyTesterEZE057v009audnzdGRID3.htm (http://www.ezefx.com/StrategyTesterEZE057v009audnzdGRID3.htm)

Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on April 11, 2012, 12:02:51 PM
I had second stop loss this week first GBPUSD, second EURUSD. Three AUDUSD trades are in drawdown.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 11, 2012, 12:15:14 PM
I had second stop loss this week first GBPUSD, second EURUSD. Three AUDUSD trades are in drawdown.

Same as our published live account. Most of our other accounts are doing better but this could be for a number of reasons which we are working through now including internet bottlenecks and our main live server running at 100% of CPU for longish periods as well as broker differences in feed.

This is still early days for live running and we are continuing for now at existing risk levels. Any member wanting to reduce risk should read our risk reduction documentation and take appropriate action.

If after another week or so it seems that our risk level is losing us too many pips we'll use a number of identically performing accounts and reduce our risk level on some to see if we can find a "best performance" level.

Of course, we are still in the Easter holiday period until next week so it may just be that the risk levels we are running are too high for holidays.

These losses are part of our learning curve and we are prepared to accept them to produce a more effective product.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 12, 2012, 06:38:21 AM
Woke this morning to find our 3 AUDUSD trades had bombed with the expected losses to our published account.

While we're obviously not jumping for joy, we are running at an acceptable risk level for the moment and will assess all trades across all accounts at the weekend. One thing we'll be checking is that of 4 accounts running identical AUDUSD settings, 2 took the three trades and 2 took no trades.

Any member feeling the pain from these losses should reduce their risk using the documentation provided.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 15, 2012, 11:23:26 AM
Now the Easter period is over we are hopeful of making further progress with EZE057. We have had major problems with broker disconnects from Good Friday which persisted through the whole of last week and caused us to lose a lot of pips.

This sort of problem is not noticed by your broker so we have provided a new advice section for members showing how to identify these problems so the broker can be made aware.

We are continuing with published settings for this week except for accounts using the "disconnect" broker where we applied a number of risk reduction settings (reduced risk factor, one trade at a time, UHS2 reduced by 50%). We'll return these to normal if and when the broker has addressed the problem. 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 26, 2012, 12:32:49 PM
After a "silent" period due to a network upgrade, I can report on the progress of our EZE057 live accounts. Already it is obvious that there are big differences in performance from broker to broker as can be seen from the attached analysis.

This explains why some of our customers have been extremely pleased with results while others have been disappointed. The losses over the Easter period and connection problems with one broker have both affected the results but we are still positive in pips overall.

By far the best results to date have come from GBPUSD while AUDUSD has not been good.

I'll try to continue this analysis and over a longer period of time the differences in results from different brokers and settings will become more apparent.
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on April 26, 2012, 01:09:11 PM
Hello 999
In the pdf the orderlimit is set to 1or 2 in most of the brokers, but in thje set files you give with the boot orderlimit is set to 48, that is correct?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 26, 2012, 02:15:18 PM
Hello 999
In the pdf the orderlimit is set to 1or 2 in most of the brokers, but in thje set files you give with the boot orderlimit is set to 48, that is correct?

Sort of. We set OrderLimit=1 on 6 of the brokers and OrderLimit=2 on another 4. The remaining 15 brokers have OrderLimit set to 48 as per the set files.

This is for various reasons, one being the broker disconnects which I hope are now a distant memory. Some others, which are noted, are because each open order eats into the free margin and in these cases we need to restrict the number of concurrent open orders.

One of our accounts on Insta Trader which is doing very well just had three concurrent open orders on GBPUSD. All finished in profit but if they had all lost we would have been down 180 pips. That's why we have published our risk control document.

In backtests, module 2 has never opened more than 5 concurrent trades for a pair.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on April 28, 2012, 10:02:26 AM
At the end of a great week for EZE057 we now have 25 instances of module 2 running on 17 broker accounts using 13 different brokers.

Our total profit in pips for the week was 1,002 with all 17 accounts showing profits.

In comparison with EURUSD and GBPUSD, AUDUSD is disappointing so far and has yet to recover its early losses. But 2 out of 3 is not so bad  :)

So far, the best brokers for EZE057 are not the ones we expected but those which for years have proved very difficult to make money. Very surprising but we'll accept it. Why not?

Full analysis by currency pair and broker will be on the member site when we publish our weekly update sometime tomorrow.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 02, 2012, 11:57:10 AM
I finally figured out how to show backtests on myfxbook.

The EZE057 module 2 backtest is shown below.

http://www.myfxbook.com/strategies/eze057-module-2/16405 (http://www.myfxbook.com/strategies/eze057-module-2/16405)

So far, the backtest broker (Alpari UK) is performing well and is far and away the best broker we have for EURUSD despite being idle for 2 of the 8 live trading weeks due to a stupid error on my part. Most brokers are in profit for EURUSD though.

AUDUSD is still performing poorly and GBPUSD was caught by the trend reversal this week. Still early days yet.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 27, 2012, 03:53:49 PM
As we get towards the end of an interesting month, it's nice to see that EZE057 had a great recovery week with all brokers recording profits. Our top 3 broker accounts each made over 300 pips this week on module 2.

With our module 1 accounts also averaging more than 120 pips this week and the new version 10 still a while off, we have decided to release set files for module 3. This runs USDCAD on the H1 timeframe and  makes use of many of the new EZE057 facilities including lot size multiplication (Martingale type), bidirectional running, scaled protected grid entry and drawdown eating.

Just a reminder that all modules of EZE057 are free to EzeFX members  :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: francis3 on May 30, 2012, 07:13:22 AM
Hello 999

Do you have any stats of USDCAD with module 3?

Also in your account:
http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1
Are you using module 2 with SH2 677 in the 3 pairs?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on May 30, 2012, 09:15:43 AM
Hello 999

Do you have any stats of USDCAD with module 3?

Also in your account:
http://www.myfxbook.com/members/realgains/eze057-live-1/254135/81ZSq91uwmpm6jf0wdn1
Are you using module 2 with SH2 677 in the 3 pairs?

Hello Francis. This myfxbook account uses 1200 for EURUSD, 1400 for GBPUSD and 600 for AUDUSD. These settings are shown in the module 2 live results analysis on the member site. Broker name is Clearing 4.

You will see from the analysis that FX Clearing's performance on EURUSD and GBPUSD is fairly average so far. As an example, this account on EURUSD had made 198 pips since March while our best performing broker made 594 pips in the same period.  As module 2 is very broker dependent, the "better" brokers can run 1400 and do very well while the other brokers do better with values from 600 to 1200. However, this account is now up 22% from the start in February despite significant losses in April and early May when we reduced the risk factor.

The module 3 stats are also on the member site. Click the Module 3 tab and you can see backtests over 5 years with starting values of $10k and $100k. The set file can be downloaded from here as well.

At the moment we are still running tests on module 3 to find the best settings. Each group of tests takes 20 hours to run so it may be a while before we can make a strong recommendation.

We have started running USDCAD live using the grid facilities in EZE057 (no additional modules are needed for this). Like all grid systems, this will blow an account eventually but we are using this account to watch each trade as it occurs when any software bugs will be more obvious. We expect to change this to a module 3 setup when we have identified the best settings from our tests.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 03, 2012, 09:08:47 AM
Despite EZE057 module 2 taking a big hit from the NFP spike on Friday, we still finished with good profits overall for the week and month.

Module 1 (from the old EZE020) is quietly performing well on the back of the EURUSD decline and added an average of 219 pips this week from each broker.

We have now released a set file to trade USDCAD using EZE057's native grid mode with scaling and martingale. We have this running live and it is doing well. OK, they all do in the first week, don't they?

From today, we can announce that in order to help us qualify for the Donnaforex award programme we are offering a refund to those DF members who would like to try EzeFX.

Membership is $25 monthly with no joining fee. Sign up on the main website. Members have free access to all facilities including the EZE057 EA.

These are the refund conditions:-

1. The refunded amount will be a maximum of one month's subscription only ($25). So the refund period for a completely free trial wll be just less than one calendar month.
2. In order to obtain a refund, the DF member must send us a support ticket (available from the member site) stating their reasons for wanting a refund and providing their DF member username. They must then cancel their membership via PayPal.
3. Non DF members will not be refunded.
4. Please allow 48 hours for the refund to be processed.

One final word of caution. If you are joining EzeFX before 6th June, we recommend you do not start live trading with module 2 until 6th. This is due to the two day UK Jubilee bank holiday. We are continuing to trade this period regardless of possible losses so we can compare test results against the latest version in development which has additional filters.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 05, 2012, 09:35:42 AM
We have this morning detected a possible issue in the EZE057 version 9 code when the GRID trading option is used.

In some circumstances, when other EAs are being run in the same account as EZE057 GRID, an order placed by another EA which is in profit at the same time as EZE057 closes a basket, may also be closed.

Having thoroughly examined the code, we cannot see how this could happen but we have modified version 10 anyway with additional safeguards to avoid this happening again.

We have never seen this occurrence when modules 1, 2 or 3 are being used.

Would anyone using GRID and running other EAs in the same account please raise a support ticket advising us of the details.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 10, 2012, 11:11:25 AM
A quiet week for EZE057 module 2 this week especially on EURUSD which, apart from the account using our experimental settings, did not trade at all.

This week, we are loading the development version 10 software on two live accounts. One is the USDCAD GRID account where our updated software is giving better results on test. This will also enable us to see if we have fixed the order close issue reported earlier.

The other is a new USDJPY development using module 2 trade entry with scaled grid and drawdown eater. This is the first time we have produced successful backtests on USDJPY going back eight years so it will be interesting to see it trade live.

Finally, a reminder that you can now try EzeFX free of charge for up to four weeks with our guaranteed one month subscription refund.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 13, 2012, 12:13:08 PM
** Urgent news update **

Due to major events concerning the Euro in recent weeks plus the Greek election this weekend and the G20 summit next week, we have provided an urgent midweek update to our Stop Press section in the member website.

This update deals with our trading expectations, assessment of member risk, Euro prospects, backtests versus live running and how the new version 10 can improve your profitability.

Please read this as soon as possible and make your decision.
Title: Re: Easy Forex (ezefx.com)
Post by: jgadefelth on June 13, 2012, 02:35:10 PM
where can i find the performance ?

best regards
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 13, 2012, 07:37:08 PM
where can i find the performance ?

best regards

Early backtest performance is on the main website at

http://www.ezefx.com/EZE057-Backtest-Results.html (http://www.ezefx.com/EZE057-Backtest-Results.html)

Live performance details to date are on the member site under the EZE Live Results and Live Analysis tabs.
Title: Easy Forex (ezefx.com)
Post by: e1vis on June 13, 2012, 10:18:49 PM
Would it not make sense to send out email alerts to members? I imagine that there's plenty who don't read this forum or check the website all the time...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 14, 2012, 07:02:00 AM
Would it not make sense to send out email alerts to members? I imagine that there's plenty who don't read this forum or check the website all the time...

Thanks for your concerns which we echo.

We have obviously thought long & hard about this. Sending multiple emails could get us registered as spammers, could be automatically deleted or disregarded and even get us blamed if a member does not receive an email. I know that my email spam boxes get over 100 entries each per day and are deleted after 3 days. I never look at them but sometimes the spam filters get it wrong & I miss vital stuff.

We are working on some minor website updates publicising our DF award status. As part of the work we are going to direct our members to this DF thread to get fast updates.

As we do not run a forum and believe that this DF forum is the best possible source of Forex trading material, information and news with a wide range of differing views, we think this is the best solution for our members and ourselves with mutual benefits to all.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 24, 2012, 04:59:06 PM
In a classic case of closing the stable door after the horse has bolted, we have released EZE057 version 10 today.

Unless you are running version 9 with basket control (grid, Martingale etc.) there is no panic to install version 10. If you are using baskets, we have discovered and rectified in v10 a "basket collapse" situation which can close groups of trades in drawdown, leading to trading losses.

In brief, v10 has fixes for the following problems:-
1.Stop Loss was too short, leading to annoying order closes just before price reversal.
2.Trades hanging over the weekend, then being closed when big "gaps" occur.
3.Trades opening at low volume times around the weekend, then getting caught by reversals.
4.Trades opening at high impact news times and in holiday periods.

Also there are many bugfixes, display improvements etc.

Members can still run v9 concurrently with v10 in the same broker account and currency pair provided magic numbers are different. See instructions in the download.

** VERY IMPORTANT ** You must change EZE058.DLL for the latest version by the end of June or EZE057 will stop working. This is in the version 10 download package and will work for version 9 and version 10.

Please excuse us if we do not respond to queries as promptly as usual tonght. We are all watching the soccer and living in hope.  :)


Title: Re: Easy Forex (ezefx.com)
Post by: Theone on June 24, 2012, 11:28:13 PM
Can anybody who uses this provide any good set files?

thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on June 25, 2012, 06:04:04 AM
Can anybody who uses this provide any good set files?

thanks

Some set files are provided with the V10 download on the member site. We expect to add to these as we complete more tests soon.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 01, 2012, 08:33:07 AM
From today we are running a new EZE057 Martingale setting on USDCAD. Are we crazy?

We think not. First, we do not run standard Martingale. In fact, some traders would not call our strategies Martingale at all. But we use the term here to describe lot size multiplication to recover from drawdowns as an alternative to our Drawdown Eater (which also eats potential profits) or Stop Losses where your trading lot is lost.

Our Martingale strategy can be used in conjunction with or without a standard or scaled grid. It can be used with any trading entry module to improve performance. Also, the lot size multiplication does not have to be 1, 2, 4, 8 etc. Your lot sizes can increment by any factor you choose, such as 1, 1.6, 2.56, 4.1 etc. EZE057 allows you to use many combinations of facilities separately or together to achieve maximum performance and flexibility.

Our first release of this strategy is with USDCAD. You can see from our 5 year backtest

http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm (http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm)

that we survive the financial upheavals and make plenty of money. Unlike most Martingale robots, this backtest shows us being able to scale up our profits as the account balance grows.

Of course, this new strategy is free to members and the set file is on the member site.

** VERY IMPORTANT ** You must change EZE058.DLL for the latest version NOW or EZE057 will stop working. This is in the version 10 download package and will work for version 9 and version 10.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 09, 2012, 07:10:26 AM
As part of our testing programme for EZE057 version 11 we have been getting good results on USDCAD as you can see from this 5 year backtest. Unfortunately, the broker backtest data petered out in January this year but other tests have shown a continuation of the performance curve.

http://www.ezefx.com/StrategyTesterEZE057v11usdcadT4.htm (http://www.ezefx.com/StrategyTesterEZE057v11usdcadT4.htm)

We have decided to start running this live from now.

The high drawdown is due to the test being run with an initial deposit of $1,000 when the 0.01 minimum lot size with this broker using this strategy needs about $5,000 minimum to be safe. Or just $50 if you are running on a cent account.

This strategy uses our module 3 trade entry which is an MA cross plus a few additional features. It runs on a scaled grid which expands in a drawdown situation. Lot sizes increment with increasing account balance and where a drawdown needs recovery.

We now have our Drawdown Eater (DDE) procedure running in the way we originally intended. It only kicks in when the drawdown has reached a certain percentage of the account balance and then "salami slices" open orders in drawdown as profitable orders are closed. To operate at full efficiency, the DDE needs lot sizes of 0.15 or more but in this example it is only used on a few occasions as lot sizes are low.

Members who would like a pre release copy of version 11 for testing should send us a support ticket.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 13, 2012, 11:20:46 AM
Just because we are spending a lot of time on the basket features of EZE057 does not mean we have forgotten all the users of our popular module 2 facility.

We ran module 2 backtests for 5 months from February to July 2012 on EURUSD with a fixed lot size of 0.01 and starting balance of $100. Here are the results:-

Version 9 production. Profit $30.63. Drawdown $23.41.
Version 10 production. Profit $49.91. Drawdown $14.95.
Version 11 beta. Profit $53.02. Drawdown $14.23.

Full backtest data is available for anyone interested.
Title: Easy Forex (ezefx.com)
Post by: e1vis on July 13, 2012, 01:38:44 PM
Just because we are spending a lot of time on the basket features of EZE057 does not mean we have forgotten all the users of our popular module 2 facility.

We ran module 2 backtests for 5 months from February to July 2012 on EURUSD with a fixed lot size of 0.01 and starting balance of $100. Here are the results:-

Version 9 production. Profit $30.63. Drawdown $23.41.
Version 10 production. Profit $49.91. Drawdown $14.95.
Version 11 beta. Profit $53.02. Drawdown $14.23.

Full backtest data is available for anyone interested.

Well that's all well and good, but if the live accounts did not have same results during that period (and neither my live account nor your reference live account produced anything like that sort of profit), then doesn't that simply show that backtests for this ea are meaningless?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 13, 2012, 03:19:08 PM
Just because we are spending a lot of time on the basket features of EZE057 does not mean we have forgotten all the users of our popular module 2 facility.

We ran module 2 backtests for 5 months from February to July 2012 on EURUSD with a fixed lot size of 0.01 and starting balance of $100. Here are the results:-

Version 9 production. Profit $30.63. Drawdown $23.41.
Version 10 production. Profit $49.91. Drawdown $14.95.
Version 11 beta. Profit $53.02. Drawdown $14.23.

Full backtest data is available for anyone interested.

Well that's all well and good, but if the live accounts did not have same results during that period (and neither my live account nor your reference live account produced anything like that sort of profit), then doesn't that simply show that backtests for this ea are meaningless?

You must be referring to module 2 of this EA. It really depends on the module you are using and the trading type. But this test of module 2 is conducted with exactly the same data and shows that performance is improving as we release new versions.

Module 2 is very broker dependent so those running module 2 would be well advised to check the weekly results from the member site. These show that Alpari UK is far and away the best live broker for module 2 during the 5 months we have been running live. See the myfxbook below. This not a plug for Alpari UK, just a fact.

http://www.myfxbook.com/members/realgains/alpari-live-2/271068/XKhlVLU1lL9Uf6ZSJeOo (http://www.myfxbook.com/members/realgains/alpari-live-2/271068/XKhlVLU1lL9Uf6ZSJeOo)

We are staying with version 9 on brokers which are profitable and upgrading to version 10 (eventually 11) where brokers are unprofitable and we are satisfied that a version upgrade will improve matters.

The later versions directly address the problems some broker accounts have experienced and so can be expected to perform much better should we experience the same trading conditions again. In addition, we are continuing to add coding improvements which we believe will improve results in any situation.

As we run our own live accounts using our own software (how many vendors can truthfully say this?) and are not likely to go broke any time soon, members can be confident of our best efforts to not only continue with the improvements but utilise all our spare computer time to test new strategies for EZE057 with the aim of running profitably using many more pairs and commodities. 

e1vis. If you are not happy with your progress to date, please use the member ticketing facility or email to specify your problems in detail. We'll be glad to help in any way we can.
Title: Easy Forex (ezefx.com)
Post by: e1vis on July 13, 2012, 04:26:50 PM
Just because we are spending a lot of time on the basket features of EZE057 does not mean we have forgotten all the users of our popular module 2 facility.

We ran module 2 backtests for 5 months from February to July 2012 on EURUSD with a fixed lot size of 0.01 and starting balance of $100. Here are the results:-

Version 9 production. Profit $30.63. Drawdown $23.41.
Version 10 production. Profit $49.91. Drawdown $14.95.
Version 11 beta. Profit $53.02. Drawdown $14.23.

Full backtest data is available for anyone interested.

Well that's all well and good, but if the live accounts did not have same results during that period (and neither my live account nor your reference live account produced anything like that sort of profit), then doesn't that simply show that backtests for this ea are meaningless?

You must be referring to module 2 of this EA. It really depends on the module you are using and the trading type. But this test of module 2 is conducted with exactly the same data and shows that performance is improving as we release new versions.

Module 2 is very broker dependent so those running module 2 would be well advised to check the weekly results from the member site. These show that Alpari UK is far and away the best live broker for module 2 during the 5 months we have been running live. See the myfxbook below. This not a plug for Alpari UK, just a fact.

http://www.myfxbook.com/members/realgains/alpari-live-2/271068/XKhlVLU1lL9Uf6ZSJeOo (http://www.myfxbook.com/members/realgains/alpari-live-2/271068/XKhlVLU1lL9Uf6ZSJeOo)

We are staying with version 9 on brokers which are profitable and upgrading to version 10 (eventually 11) where brokers are unprofitable and we are satisfied that a version upgrade will improve matters.

The later versions directly address the problems some broker accounts have experienced and so can be expected to perform much better should we experience the same trading conditions again. In addition, we are continuing to add coding improvements which we believe will improve results in any situation.

As we run our own live accounts using our own software (how many vendors can truthfully say this?) and are not likely to go broke any time soon, members can be confident of our best efforts to not only continue with the improvements but utilise all our spare computer time to test new strategies for EZE057 with the aim of running profitably using many more pairs and commodities. 

e1vis. If you are not happy with your progress to date, please use the member ticketing facility or email to specify your problems in detail. We'll be glad to help in any way we can.

Thanks - i am happy with the ea, I'm just saying that my module 2 progress has not been anything like as profitable as the backtests you mention would suggest.

Looking at your reference account for example (not the one posted above, but the fx clearing eze057 live one) and focussing on EURUSD only, the gain has been approx 12% over the relevant period. That's all I was flagging.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 13, 2012, 05:32:02 PM

Thanks - i am happy with the ea, I'm just saying that my module 2 progress has not been anything like as profitable as the backtests you mention would suggest.

Looking at your reference account for example (not the one posted above, but the fx clearing eze057 live one) and focussing on EURUSD only, the gain has been approx 12% over the relevant period. That's all I was flagging.

Some of our performances have been dismal, some really good. It all depends on the broker. Just talking about EURUSD, we need to run with UHS2=1400 to get the best performance. But dropping this value to 700 was really just a temporary patch until we had our improvements coded. As time permits we are going through all existing live accounts and re-testing on the broker live data. But we can only do this at the weekend. Trade by trade, as long as the backtest is almost identical to the previous live running results, we can see the difference our updates make and feel pretty sure that in future live running they will be effective. Then we can move back to 1400.

But as a "quick & dirty" fix, open an account with Alpari UK and run with our settings. We'll be doing this with our other Alpari UK accounts from next week I think.

Title: Re: Easy Forex (ezefx.com)
Post by: atomico on July 15, 2012, 09:18:28 AM
system seems really interesting, but i don't see nothing members posting live result, only from 999cjb...

guys, someone have same and good profit?

backtest look very good, if this expert have the same result of backtest (or very similar) this is a HOLY GRAIL...

999cjb, this bot is current available? i can buy?

bye
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 15, 2012, 11:34:59 AM
system seems really interesting, but i don't see nothing members posting live result, only from 999cjb...

guys, someone have same and good profit?

backtest look very good, if this expert have the same result of backtest (or very similar) this is a HOLY GRAIL...

999cjb, this bot is current available? i can buy?

bye

The vast majority of our members don't know about this forum and we don't really push for sales here. But we are revamping our main website a bit and will obviously publish our DF award status so that may produce a few more members for Donna.

The incredibly good backtest results were carried out using 99% tick data from Dukas. But EZE057 is very broker dependent and none of our live brokers have repeated that performance. Of the brokers we use, Alpari UK has produced the best results as you can see from the myfxbook link. Some brokers have performed poorly and many of the updates to EZE057 since March this year have been directed at making these brokers perform better.

If you go to www.ezefx.com you will find a lot of information about how our membership system works. If you need detailed information, please PM me. Once a member, you have access to the members private site where we publish a lot more information and weekly live results.

Any DF member wishing to give EzeFX a try for up to 30 days has a refund guarantee if not satisfied.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 15, 2012, 12:08:30 PM
Forex does not always need to be a serious business. Sometimes it's fun to gamble. So I thought I'd risk $50 on an extreme grid/Martingale setup with the aim of extracting profits at the end of each month. This $50 will be put into a cent account giving a balance of 5000. The backtest shown below

http://www.ezefx.com/StrategyTesterUSDCADv11betaGRIDtest4.htm (http://www.ezefx.com/StrategyTesterUSDCADv11betaGRIDtest4.htm)

is for one year (2011) and shows the performance of EZE057 running this strategy.

Yes, it's incredibly risky but if the account blows it's only $50. Just put in
 another $50 and try again. If we had done this in 2011 here's how it would have worked out:-

January start balance 5000. End balance 17328. Withdraw 12328. Cumulative profit 12328.
February start balance 5000. End balance 0. Invest 5000. Cumulative profit 7328.
March start balance 5000. End balance 11385. Withdraw 6385. Cumulative profit 13713.
April start balance 5000. End balance 13477. Withdraw 8477. Cumulative profit 22190.
May start balance 5000. End balance 17627. Withdraw 12627. Cumulative profit 34817.
June start balance 5000. End balance 11560. Withdraw 6560. Cumulative profit 41377.
July start balance 5000. End balance 19678. Withdraw 14678. Cumulative profit 56055.
August start balance 5000. End balance 11512. Withdraw 6512. Cumulative profit 62567.
September start balance 5000. End balance 2144. Invest 2856. Cumulative profit 59711.
October start balance 5000. End balance 8520. Withdraw 3520. Cumulative profit 63231.
November start balance 5000. End balance 7331. Withdraw 2331. Cumulative profit 65562.
December start balance 5000. End balance 9942. Withdraw 4942. Cumulative profit 70504.

While the backtest, leaving in profits for the whole year and starting with $50, produced a profit of $19,996, this is verging on the suicidal. So the monthly withdrawal is "safer" although the profit is "only" $705. But I wouldn't mind getting $705 profit in a year for each $50 I have invested. Would you?

As it happens, I already have a spare cent account with a far less aggressive grid trader already running. It has a balance of nearly $90 so if it blows I won't miss it too much.

I'll run exactly the same strategy and see what happens. Once I have recovered my investment, I'll put it on another account and perhaps leave it for 3 months.

If any member would like to have a gamble, let me know and I'll provide details and settings.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 17, 2012, 05:15:16 PM
I have now set up a new gambling cent account and thrown some spare change into it. I put in $100 and the broker added 10% giving a starting balance of 11000. This is very over-funded for this strategy so I am likely to withdraw the extra funds and put them in another account either for safe keeping or another gamble.

The strategy is as my previous post.

The myfxbook link is shown below so you can watch me make money or crash & burn. We'll see  :)

http://www.myfxbook.com/members/realgains/wwwezefxcom-v11beta/346818/YER4OqjbAoeyEYLb7GtK (http://www.myfxbook.com/members/realgains/wwwezefxcom-v11beta/346818/YER4OqjbAoeyEYLb7GtK)
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on July 17, 2012, 07:25:09 PM
999cjb, I can't thank you enough for your time and explanation.

 :)
Title: Re: Easy Forex (ezefx.com)
Post by: JJ-FX on July 18, 2012, 02:58:59 PM
If any member would like to have a gamble, let me know and I'll provide details and settings.

I might try that in September. The August license is already reserved for the USDCAD Martingale strategy.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 20, 2012, 08:13:21 AM
Some of you may have noticed that the myfxbook to our demo account has been missing for a while. It simply stopped updating and I couldn't fix it easily. Pressure of more important work prevented me getting it sorted but, after some more problems, It is running again today at this link:-

http://www.myfxbook.com/members/realgains/ezefx-demos--tests/348586/P3TpfIUjAEcDCI76geoU (http://www.myfxbook.com/members/realgains/ezefx-demos--tests/348586/P3TpfIUjAEcDCI76geoU)

To get it working again, I needed the help of the broker (good to get broker support for a demo account!) and had to use the myfxbook EA. Symantec (Norton) thinks this is a virus and needs to be told to leave it alone.

So if you have problems with myfxbook publishing, use their EA. Simple, unobtrusive and effective.

The performance chart looks rather wild but running tests and demos is often a matter of trial and error.

The EZE050 demos have been running since last November on USDJPY and USDCAD. In December we added EZE054 demos on CHFJPY and EURAUD. In March we put on the early versions of EZE057. But, encouraged by great backtest results, these were running at far too high a risk. With the later versions this has been corrected.

All the EZE050 variants have been doing well with USDJPY up $360, USDCAD up $944, EURAUD up $75, CHFJPY up $405, all at very low risk.

EZE057 at high risk (100 x EZE050 risk) has EURUSD up $7031 while GBPUSD is well down at -$6677. Both these are still running on version 9.

The huge pip gain on USDCAD is the reason we are spending a lot of time developing the best EZE057 solution for this pair. We now have a Martingale style backtest of USDCAD from 2004, surviving 8 years and a range of 4,738 pips (0.9166 to 1.3904).
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 21, 2012, 11:14:12 AM
There is some interest in the strategy we are using for our second myfxbook link at the bottom of this post. This has been modified from the very high risk $50 strategy and we have decided to leave it alone and see what happens, running the $50 strategy on a different account.

Here is a backtest for the last four full years 2008-2011.

http://www.ezefx.com/StrategyTesterEZE057v11betaUSDCADtest2.htm (http://www.ezefx.com/StrategyTesterEZE057v11betaUSDCADtest2.htm)

We are continuing to work on version 11 to improve performance.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 25, 2012, 07:28:02 AM
I posted this back in January in another thread.

You can make a bad apple look good by polishing up one side and not looking at the other rotten side.

But it's still a bad apple and eventually will rot away.

EURUSD is 1.30 at the moment. I think 1.20 is more likely than 1.40 unless USD hits a pothole.


At the time I was tempted to open a contract on this EURUSD drop but decided against it. Pity.

But remember that currency trading these days lives off something you will never hear mentioned by our governments. DEVALUATION.

Currency movements are the result of one currency devaluing faster than another. In the last six months EURUSD has dropped 1,000 pips. Will it drop another 1,000 to 1.10?

I think it will. Unless we find that behind that "shiny apple" USD exterior is a rotten core. So I won't be taking a contract on this drop either.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 26, 2012, 10:32:00 AM
** URGENT NOTICE **

While investigating broker differences in performance for module 2 we have discovered an error in the EZE057 code which will prevent closing a profitable order in some circumstances.

Please follow the procedure below to provide a temporary fix until version 11 is released.

1. Click the smiling face on the EZE057 chart to bring up the settings and select Inputs.

2. Scroll down to and double click on EarlyClosePips.

3. Enter -1 in the EarlyClosePips field (that's MINUS ONE).

4. Click OK.

This error only applies to EZE057 versions 10 and 11beta and only when module 2 is in use. In all other cases, no action is required.

We are very sorry for this error and for any losses caused.
Title: Re: Easy Forex (ezefx.com)
Post by: Rico on July 27, 2012, 06:22:00 AM
From today we are running a new EZE057 Martingale setting on USDCAD. Are we crazy?...

Our first release of this strategy is with USDCAD. You can see from our 5 year backtest

http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm (http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm)

that we survive the financial upheavals and make plenty of money.

Yes, but with 71% drawdown. The one after that has 83%.

Would anyone feel comfortable with that?
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on July 27, 2012, 06:54:05 AM
This is a high risk high return martingale based strategy. With that kind of return, I am on.



From today we are running a new EZE057 Martingale setting on USDCAD. Are we crazy?...

Our first release of this strategy is with USDCAD. You can see from our 5 year backtest

http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm (http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm)

that we survive the financial upheavals and make plenty of money.

Yes, but with 71% drawdown. The one after that has 83%.

Would anyone feel comfortable with that?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2012, 07:18:21 AM
This is a high risk high return martingale based strategy. With that kind of return, I am on.



From today we are running a new EZE057 Martingale setting on USDCAD. Are we crazy?...

Our first release of this strategy is with USDCAD. You can see from our 5 year backtest

http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm (http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm)

that we survive the financial upheavals and make plenty of money.

Yes, but with 71% drawdown. The one after that has 83%.

Would anyone feel comfortable with that?

I feel comfortable knowing the worst that can possibly happen using the $50 strategy we are publishing is that we lose $600 in a year. This has the account blowing each and every month. The chances of this are virtually zero.

But the chances of big profits regularly extracted are much greater. so why not?

Frankly, I see this as a bit of fun and an alternative to our serious but admittedly boring longer term EA strategies. It is also an interesting way for newcomers to Forex to get an introduction into both the risks and rewards of Forex without gambling a fortune.

Now that we have finally got our designated new cent account funded, we started this strategy yesterday and time will tell ....  :) :) :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on July 27, 2012, 07:34:49 AM
Keep us posted on the live trading results.

 ;)

This is a high risk high return martingale based strategy. With that kind of return, I am on.



From today we are running a new EZE057 Martingale setting on USDCAD. Are we crazy?...

Our first release of this strategy is with USDCAD. You can see from our 5 year backtest

http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm (http://www.ezefx.com/StrategyTesterEZE057usdcadV10mg12.htm)

that we survive the financial upheavals and make plenty of money.

Yes, but with 71% drawdown. The one after that has 83%.

Would anyone feel comfortable with that?

I feel comfortable knowing the worst that can possibly happen using the $50 strategy we are publishing is that we lose $600 in a year. This has the account blowing each and every month. The chances of this are virtually zero.

But the chances of big profits regularly extracted are much greater. so why not?

Frankly, I see this as a bit of fun and an alternative to our serious but admittedly boring longer term EA strategies. It is also an interesting way for newcomers to Forex to get an introduction into both the risks and rewards of Forex without gambling a fortune.

Now that we have finally got our designated new cent account funded, we started this strategy yesterday and time will tell ....  :) :) :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2012, 12:50:22 PM
This seems to be our week for apologies so here's another one.

We discovered this morning that EZE057 version 9 is no longer available to be downloaded from our member website although we have told a number of members that it is.

We apologise for this error and advise that any member still wanting to run with version 9 can request this and we'll email the package to you.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 27, 2012, 02:35:18 PM
This is our new FunForex$50 account. See reply #444 for more details.

http://www.myfxbook.com/members/realgains/funforex50/353941/jRrX0JDiL5hU3dLnxeGO (http://www.myfxbook.com/members/realgains/funforex50/353941/jRrX0JDiL5hU3dLnxeGO)

Have fun & a good weekend  8)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 29, 2012, 04:49:51 PM
Due to a number of incidents with version 10 of EZE057 and multiple requests to run the new Fun$50 strategy, we have decided to release version 11 now. The version 11 package can be downloaded from the Version 011 tab.

Version 11 corrects the early closing bug which caused unfortunate losses in version 10 when using module 2. It also corrects the bug in basket trading which refused to close baskets correctly when Martingale type operation was in use. There are a number of other improvements which will generally improve performance and flexibility.

Documents within the release zip file contain instructions for running the software and we recommend all these are read carefully before running the software live. We have included more files in the release documentation even if they are also available using links in other web pages.

We hope you all find version 11 to be more profitable and versatile than any of its predecessors and wish you luck in your trading.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on July 30, 2012, 11:33:55 AM
Members who downloaded the new version 11 software before 10:00GMT today should look in the new Outstanding page where known errors and intended improvements for version 12 are listed.

If you are using module 2, there is one setting you should check and possibly amend. Details are in #5 of the list.

The list will be updated as and when needed so if you have any problems, please look there first as you may find an answer quickly.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 02, 2012, 06:55:27 PM
Please be aware there is an error in the EZE057DATES file in that the date given for the Non Farm Payroll should be tomorrow 3rd August and not 10th August as in the file.

If you are running module 2 and use this filter you should use your spreadsheet program to amend this file so that D40 and D41 show 3 instead of 10. We are going to "chance it" and hope for the best with our accounts.
Title: Easy Forex (ezefx.com)
Post by: e1vis on August 03, 2012, 03:08:00 AM
Please be aware there is an error in the EZE057DATES file in that the date given for the Non Farm Payroll should be tomorrow 3rd August and not 10th August as in the file.

If you are running module 2 and use this filter you should use your spreadsheet program to amend this file so that D40 and D41 show 3 instead of 10. We are going to "chance it" and hope for the best with our accounts.

Please can you consider emailing this sort of thing out to members? It seems crazy not to.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 03, 2012, 07:50:59 AM
Please be aware there is an error in the EZE057DATES file in that the date given for the Non Farm Payroll should be tomorrow 3rd August and not 10th August as in the file.

If you are running module 2 and use this filter you should use your spreadsheet program to amend this file so that D40 and D41 show 3 instead of 10. We are going to "chance it" and hope for the best with our accounts.

Please can you consider emailing this sort of thing out to members? It seems crazy not to.

This is a difficult one. A percentage of our members do not wish to be bothered with emails unless there is a real emergency. So we're damned if we do and damned if we don't.

Also, many of our members do not trade strategies where high impact news is dangerous. In fact, they welcome spikes as these improve their profits.

Finally, this news release time would not be traded if using our standard set files for the appropriate strategy because the weekend halt to new trades would have kicked in.

We do have facilities to set individual members to not receive individual emails but this would mean in a real emergency we would have to make a large number of manual changes to do a blanket send and then reverse these later. Not much fun. Having different classes of membership is another option but this would only add further unwanted complexities.

In any case, we really should have picked up this error much earlier and could then have included it in our normal weekend report.

This is sending us a strong message. This year has been one of furious development at the expense of documentation and some organisation. Time to slow down and reorganise to make our products and services clearer and less confusing. We know that some members have joined and then left within a few days because they are bewildered by the multitude of options and different documentation available and have not even tried to use the software even though it is working well now.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 05, 2012, 07:47:56 AM
Each week sees new robots being released, often at high prices, to do just one type of trading. Sometimes we pick those brave (or foolish!) enough to provide live or backtested results and emulate them with EZE057. Then we wonder why traders buy these robots when EZE057 can do the same job.

The reason is because they either do not know about EZE057 or do not realise its capabilities. So as part of our new documentation we aim to provide more examples of EZE057 versatility. For instance, did you know that EZE057 can be configured to run as an Asian scalper? If our own members don't know, it really is a well kept secret!

Our new Fun$50 strategy is proving popular so although we are not doing any major new development for the next few weeks while we sort out our "confusing" documentation we have put one new facility into our development version 12. This is the Bidirectional Incrementation which we expected would improve profits on basket based strategies.

We have run this on a 2 year backtest using the Fun$50 settings but with double the deposit. Run as version 11 with BidirectionalIncremtation off, we saw a profit of $4,409,679

http://www.ezefx.com/WithoutBI.jpg (http://www.ezefx.com/WithoutBI.jpg)

and run with the version 12 option of BidirectionalIncremtation on the profit was $5,506,887

http://www.ezefx.com/WithBI.jpg (http://www.ezefx.com/WithBI.jpg)

with lower drawdown. The results show an increase in profitability of 25% with a reduction in drawdown of 30%.

So with version 12, Fun$50 may be even more fun!
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on August 06, 2012, 11:13:11 PM
That Fun$50 strategy is martingale based ?
Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on August 07, 2012, 03:33:51 AM
Due to a number of incidents with version 10 of EZE057 and multiple requests to run the new Fun$50 strategy, we have decided to release version 11 now. The version 11 package can be downloaded from the Version 011 tab.

Version 11 corrects the early closing bug which caused unfortunate losses in version 10 when using module 2. It also corrects the bug in basket trading which refused to close baskets correctly when Martingale type operation was in use. There are a number of other improvements which will generally improve performance and flexibility.

Documents within the release zip file contain instructions for running the software and we recommend all these are read carefully before running the software live. We have included more files in the release documentation even if they are also available using links in other web pages.

We hope you all find version 11 to be more profitable and versatile than any of its predecessors and wish you luck in your trading.

That Fun$50 strategy is martingale based ?

Hello , May I know which is the main strategy (or strategies) eze version 11 uses ? And what is the maximum recorded drawdown ?
And Why don't you have live forward tests on forexpeacearmy or forexverified or bestforexrobots ?
I am sorry If these questions have been answered but I am not in the mood of searching 31 pages of a topic started back in 2010 , And I need updated information anyways because there is a new version just out.

Thank you very much
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 07, 2012, 08:21:00 AM
Due to a number of incidents with version 10 of EZE057 and multiple requests to run the new Fun$50 strategy, we have decided to release version 11 now. The version 11 package can be downloaded from the Version 011 tab.

Version 11 corrects the early closing bug which caused unfortunate losses in version 10 when using module 2. It also corrects the bug in basket trading which refused to close baskets correctly when Martingale type operation was in use. There are a number of other improvements which will generally improve performance and flexibility.

Documents within the release zip file contain instructions for running the software and we recommend all these are read carefully before running the software live. We have included more files in the release documentation even if they are also available using links in other web pages.

We hope you all find version 11 to be more profitable and versatile than any of its predecessors and wish you luck in your trading.

That Fun$50 strategy is martingale based ?

Hello , May I know which is the main strategy (or strategies) eze version 11 uses ? And what is the maximum recorded drawdown ?
And Why don't you have live forward tests on forexpeacearmy or forexverified or bestforexrobots ?
I am sorry If these questions have been answered but I am not in the mood of searching 31 pages of a topic started back in 2010 , And I need updated information anyways because there is a new version just out.

Thank you very much

I called one of our earlier strategies Martingale in this thread some time ago and was told that it was not a true Martingale. So Fun$50 isn't. But it does update lot sizes depending on the trading situation and as the account balance increases. 

Put simply, EZE057 is like having 100 EAs rolled in to one. In the last few months we have concentrated on improving the software and we are now working on improving the documentation. So at the moment we are only using a few of the many possible strategies available. But we intend to increase the number of strategies on offer as soon as time permits.

The main strategies we use with EZE057 at the moment are:-
Module 1. A long term trend follower on EURUSD.
Module 2. A short term trend aware method on EURUSD only for now.
Fun$50. A high risk basket trader on USDCAD.

The modules are add-on separately coded units used to control trade entry and exit. But EZE057 does not have to use these. The Fun$50 strategy does not use modules, relying on its own inbuilt trade control code.

We have live accounts on myfxbook showing module 2 and Fun$50 strategies. The problem with the other sites you have mentioned is that they do not cater for one EA able to operate as many different EAs.

Bestforexrobots and Forexverified take commissions if you link to an EA from their sites so I wonder how unbiased they really are. Forexpeacearmy appear not to so they are either complete philanthropists or have other funding sources. But some of their reviews are based on taking risks I would consider unreasonable.

Myfxbook just copy and show the live results. That seems to be just what is needed so long may it continue.

Please let me know if you have any other questions.
Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on August 07, 2012, 01:01:36 PM
Due to a number of incidents with version 10 of EZE057 and multiple requests to run the new Fun$50 strategy, we have decided to release version 11 now. The version 11 package can be downloaded from the Version 011 tab.

Version 11 corrects the early closing bug which caused unfortunate losses in version 10 when using module 2. It also corrects the bug in basket trading which refused to close baskets correctly when Martingale type operation was in use. There are a number of other improvements which will generally improve performance and flexibility.

Documents within the release zip file contain instructions for running the software and we recommend all these are read carefully before running the software live. We have included more files in the release documentation even if they are also available using links in other web pages.

We hope you all find version 11 to be more profitable and versatile than any of its predecessors and wish you luck in your trading.

That Fun$50 strategy is martingale based ?

Hello , May I know which is the main strategy (or strategies) eze version 11 uses ? And what is the maximum recorded drawdown ?
And Why don't you have live forward tests on forexpeacearmy or forexverified or bestforexrobots ?
I am sorry If these questions have been answered but I am not in the mood of searching 31 pages of a topic started back in 2010 , And I need updated information anyways because there is a new version just out.

Thank you very much

I called one of our earlier strategies Martingale in this thread some time ago and was told that it was not a true Martingale. So Fun$50 isn't. But it does update lot sizes depending on the trading situation and as the account balance increases. 

Put simply, EZE057 is like having 100 EAs rolled in to one. In the last few months we have concentrated on improving the software and we are now working on improving the documentation. So at the moment we are only using a few of the many possible strategies available. But we intend to increase the number of strategies on offer as soon as time permits.

The main strategies we use with EZE057 at the moment are:-
Module 1. A long term trend follower on EURUSD.
Module 2. A short term trend aware method on EURUSD only for now.
Fun$50. A high risk basket trader on USDCAD.

The modules are add-on separately coded units used to control trade entry and exit. But EZE057 does not have to use these. The Fun$50 strategy does not use modules, relying on its own inbuilt trade control code.

We have live accounts on myfxbook showing module 2 and Fun$50 strategies. The problem with the other sites you have mentioned is that they do not cater for one EA able to operate as many different EAs.

Bestforexrobots and Forexverified take commissions if you link to an EA from their sites so I wonder how unbiased they really are. Forexpeacearmy appear not to so they are either complete philanthropists or have other funding sources. But some of their reviews are based on taking risks I would consider unreasonable.

Myfxbook just copy and show the live results. That seems to be just what is needed so long may it continue.

Please let me know if you have any other questions.

Thanks for the detailed reply.

In your signiture there is 2 live forward tests , Is that one for module 1 and the other for module 2 ?
and what is the maximum recorded drawdown for each module ?
Can I run both modules on one account ?
what is the minimum recommended Capital ? and Is Thinkforex a suitable broker with Beeks Fx as a VPS ? I have a pro account with tight spreads but 0.1 minimum lot size. Is that ok ?

Thanks again.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 07, 2012, 03:00:28 PM
Thanks for the detailed reply.

In your signiture there is 2 live forward tests , Is that one for module 1 and the other for module 2 ?
and what is the maximum recorded drawdown for each module ?
Can I run both modules on one account ?
what is the minimum recommended Capital ? and Is Thinkforex a suitable broker with Beeks Fx as a VPS ? I have a pro account with tight spreads but 0.1 minimum lot size. Is that ok ?

Thanks again.

The first image link is for module 2 which is still running version 9 of EZE057. This runs on EURUSD with a risk factor of 5% and in live running has opened up to 5 concurrent trades. If all went to full stop loss that would lose 25% of the account.

This is far too high so in version 11 we have recommended a risk factor of 2% and 1 trade at a time. So a full stop loss would lose 2% of the account. There are a number of ways to increase or decrease the trading risks in this module at the users discretion.

The second image link is using our Fun$50 settings on USDCAD but we are running with an initial balance of 11k rather than the 5k we recommend. This strategy is potentially very risky so we set out a plan to withdraw profits from the account each month and prepare for the account to blow up once a year.

The procedure is detailed in my post #443 in this thread.

You can run both the above and other EZE057 strategies on one account. Just make sure the magic numbers are different for each strategy.

To run strategy 2, the maximum stop loss in pips is around 80 to 100 pips depending on the volatility at the time. So to risk 2% per trade you would need an account balance big enough to cover 5,000 pips. This varies from account to account depending on your broker factors. But we have successfully started accounts with as little as $100 and swallowed the higher risk until the account grew. Of course, with a cent account  that is $1 in "real" money.

To run the Fun$50, we recommend a cent account and 5000.00 cents, so $50.

But you will see from post #462 that by doubling the stake from $50 to $100 it is possible to run for 2 years and turn $100 into $44,000. Or you could blow the account! However, running the account for longer periods than one month can make these massive gains as the lot sizes increase with the account balance.

I haven't tried Thinkforex and personally don't like to use VPS. But that's a personal choice. Lot sizes starting and incrementing at 0.10 obviously need 10 times the starting capital at risk. That's OK if you can afford it but I would always use 0.01 brokers even with ten times the capital as the money management is so much more effective and so is the drawdown eater if this is used.

Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on August 07, 2012, 06:55:49 PM
Thanks for the detailed reply.

In your signiture there is 2 live forward tests , Is that one for module 1 and the other for module 2 ?
and what is the maximum recorded drawdown for each module ?
Can I run both modules on one account ?
what is the minimum recommended Capital ? and Is Thinkforex a suitable broker with Beeks Fx as a VPS ? I have a pro account with tight spreads but 0.1 minimum lot size. Is that ok ?

Thanks again.

The first image link is for module 2 which is still running version 9 of EZE057. This runs on EURUSD with a risk factor of 5% and in live running has opened up to 5 concurrent trades. If all went to full stop loss that would lose 25% of the account.

This is far too high so in version 11 we have recommended a risk factor of 2% and 1 trade at a time. So a full stop loss would lose 2% of the account. There are a number of ways to increase or decrease the trading risks in this module at the users discretion.

The second image link is using our Fun$50 settings on USDCAD but we are running with an initial balance of 11k rather than the 5k we recommend. This strategy is potentially very risky so we set out a plan to withdraw profits from the account each month and prepare for the account to blow up once a year.

The procedure is detailed in my post #443 in this thread.

You can run both the above and other EZE057 strategies on one account. Just make sure the magic numbers are different for each strategy.

To run strategy 2, the maximum stop loss in pips is around 80 to 100 pips depending on the volatility at the time. So to risk 2% per trade you would need an account balance big enough to cover 5,000 pips. This varies from account to account depending on your broker factors. But we have successfully started accounts with as little as $100 and swallowed the higher risk until the account grew. Of course, with a cent account  that is $1 in "real" money.

To run the Fun$50, we recommend a cent account and 5000.00 cents, so $50.

But you will see from post #462 that by doubling the stake from $50 to $100 it is possible to run for 2 years and turn $100 into $44,000. Or you could blow the account! However, running the account for longer periods than one month can make these massive gains as the lot sizes increase with the account balance.

I haven't tried Thinkforex and personally don't like to use VPS. But that's a personal choice. Lot sizes starting and incrementing at 0.10 obviously need 10 times the starting capital at risk. That's OK if you can afford it but I would always use 0.01 brokers even with ten times the capital as the money management is so much more effective and so is the drawdown eater if this is used.

Thanks again .Please Bear with my many questions but they mean I am being more and more interested in your product :) It also means I am a noob in Forex but learning lol

About Image 1 : There are 2 major hiccups during that period. May I know the reason for them ? was is some big unexpected news ? and does the EA have a strategy or a filter to deal with Major news ?

Do you have any live tests of Version 11 ? of both module 1 and module 2 ? what about 99% modelling backtests ?

And do you do any official tests for other pair than EUR/USD (in the website you show backtests of a lot of pairs , but is that official use or experimental ?)

If I do a risk factor of 2% and 3 max open trades , Does that mean an absolute maximum drawdown of 6% ?

Forget about Martingale/Grid strategy , I am already running a Martingale EA and don't want any more. (Forex Envy)
However I might be interested to start a 100USD or 1000USD account with high risk and withdraw regularly as it grows. Does the manual include detailed instructions on how to do this ? And Could you send me a copy of the manual to read it before I buy ? (My account will be a micro with 0.01 minimum lot)

The benefit of 0.1 lot accounts is they have really tight spreads (about 1 pip less than then 0.01account) And the lot size is small enough for a capital of 10000USD I plan to invest using modules 1 and 2  , NOT the grid one here. And is it ok to let eze run on the same account where other EAs are also running (managing max drawdown for each one of course!!)

Thanks again !!!!!

Title: Easy Forex (ezefx.com)
Post by: e1vis on August 07, 2012, 07:30:57 PM
Thanks for the detailed reply.

In your signiture there is 2 live forward tests , Is that one for module 1 and the other for module 2 ?
and what is the maximum recorded drawdown for each module ?
Can I run both modules on one account ?
what is the minimum recommended Capital ? and Is Thinkforex a suitable broker with Beeks Fx as a VPS ? I have a pro account with tight spreads but 0.1 minimum lot size. Is that ok ?

Thanks again.

The first image link is for module 2 which is still running version 9 of EZE057. This runs on EURUSD with a risk factor of 5% and in live running has opened up to 5 concurrent trades. If all went to full stop loss that would lose 25% of the account.

This is far too high so in version 11 we have recommended a risk factor of 2% and 1 trade at a time. So a full stop loss would lose 2% of the account. There are a number of ways to increase or decrease the trading risks in this module at the users discretion.

The second image link is using our Fun$50 settings on USDCAD but we are running with an initial balance of 11k rather than the 5k we recommend. This strategy is potentially very risky so we set out a plan to withdraw profits from the account each month and prepare for the account to blow up once a year.

The procedure is detailed in my post #443 in this thread.

You can run both the above and other EZE057 strategies on one account. Just make sure the magic numbers are different for each strategy.

To run strategy 2, the maximum stop loss in pips is around 80 to 100 pips depending on the volatility at the time. So to risk 2% per trade you would need an account balance big enough to cover 5,000 pips. This varies from account to account depending on your broker factors. But we have successfully started accounts with as little as $100 and swallowed the higher risk until the account grew. Of course, with a cent account  that is $1 in "real" money.

To run the Fun$50, we recommend a cent account and 5000.00 cents, so $50.

But you will see from post #462 that by doubling the stake from $50 to $100 it is possible to run for 2 years and turn $100 into $44,000. Or you could blow the account! However, running the account for longer periods than one month can make these massive gains as the lot sizes increase with the account balance.

I haven't tried Thinkforex and personally don't like to use VPS. But that's a personal choice. Lot sizes starting and incrementing at 0.10 obviously need 10 times the starting capital at risk. That's OK if you can afford it but I would always use 0.01 brokers even with ten times the capital as the money management is so much more effective and so is the drawdown eater if this is used.

Thanks again .Please Bear with my many questions but they mean I am being more and more interested in your product :) It also means I am a noob in Forex but learning lol

About Image 1 : There are 2 major hiccups during that period. May I know the reason for them ? was is some big unexpected news ? and does the EA have a strategy or a filter to deal with Major news ?

Do you have any live tests of Version 11 ? of both module 1 and module 2 ? what about 99% modelling backtests ?

And do you do any official tests for other pair than EUR/USD (in the website you show backtests of a lot of pairs , but is that official use or experimental ?)

If I do a risk factor of 2% and 3 max open trades , Does that mean an absolute maximum drawdown of 6% ?

Forget about Martingale/Grid strategy , I am already running a Martingale EA and don't want any more. (Forex Envy)
However I might be interested to start a 100USD or 1000USD account with high risk and withdraw regularly as it grows. Does the manual include detailed instructions on how to do this ? And Could you send me a copy of the manual to read it before I buy ? (My account will be a micro with 0.01 minimum lot)

The benefit of 0.1 lot accounts is they have really tight spreads (about 1 pip less than then 0.01account) And the lot size is small enough for a capital of 10000USD I plan to invest using modules 1 and 2  , NOT the grid one here. And is it ok to let eze run on the same account where other EAs are also running (managing max drawdown for each one of course!!)

Thanks again !!!!!

"If I do a risk factor of 2% and 3 max open trades , Does that mean an absolute maximum drawdown of 6% ?"

NO!!! - it means you could suffer a 6% loss on EACH basket of trades. You could in theory have several losing baskets in a row.

Regarding the 99% backtests, unfortunately live trading has shown these not to be overly reliable for this ea. I think from memory that one of the 99% backtests showed eze057 as having no losing traded at all in 4 years... 

I am pleased with the ea so far, although it is certainly isn't anything like as profitable as I had hoped it would be from the original backtests. But imho the vendor is very supportive, committed to development and is also very honest so I know the ea will continue to get better and better with time.

I'll leave 999 to answer the rest...
Title: Re: Easy Forex (ezefx.com)
Post by: Star on August 07, 2012, 08:41:44 PM
Can you please describe the strategy behind module 2 in a little bit more detail ? Does it look for a trend and then enters if there is a retracement of the trend in the direction of the trend ?
Does it use volatility based TP and SL ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 08, 2012, 06:27:42 AM
Can you please describe the strategy behind module 2 in a little bit more detail ? Does it look for a trend and then enters if there is a retracement of the trend in the direction of the trend ?
Does it use volatility based TP and SL ?

I'll take this one first as it is easier. I've just got up & haven't had a coffee yet!

Once a trend is established, module 2 waits for a retracement then tries to anticipate when the trend will resume. A trade will open at this time in the direction of the trend. Of course, if the retrace actually signals the end of the trend the trade will most likely lose.

TP and SL are optionally modified to the broker depending on volatility.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 08, 2012, 07:17:59 AM
Thanks again .Please Bear with my many questions but they mean I am being more and more interested in your product :) It also means I am a noob in Forex but learning lol

About Image 1 : There are 2 major hiccups during that period. May I know the reason for them ? was is some big unexpected news ? and does the EA have a strategy or a filter to deal with Major news ?

Do you have any live tests of Version 11 ? of both module 1 and module 2 ? what about 99% modelling backtests ?

And do you do any official tests for other pair than EUR/USD (in the website you show backtests of a lot of pairs , but is that official use or experimental ?)

If I do a risk factor of 2% and 3 max open trades , Does that mean an absolute maximum drawdown of 6% ?

Forget about Martingale/Grid strategy , I am already running a Martingale EA and don't want any more. (Forex Envy)
However I might be interested to start a 100USD or 1000USD account with high risk and withdraw regularly as it grows. Does the manual include detailed instructions on how to do this ? And Could you send me a copy of the manual to read it before I buy ? (My account will be a micro with 0.01 minimum lot)

The benefit of 0.1 lot accounts is they have really tight spreads (about 1 pip less than then 0.01account) And the lot size is small enough for a capital of 10000USD I plan to invest using modules 1 and 2  , NOT the grid one here. And is it ok to let eze run on the same account where other EAs are also running (managing max drawdown for each one of course!!)

Thanks again !!!!!

First, thanks e1vis for your comments. In fact, module 2 does not use the basket system in EZE057 to control its trades. Multiple trades are dealt with separately although sometimes they do all close at once due to the strength of changing conditions.

If module 2 opens 3 trades, all 3 going to stop loss is the very worst situation. It seems more likely that only one trade will go to stop loss while the other two get out for small profits.

Following great results with our 99% backtests we introduced module 2 at far too high a risk. This has now been fully corrected in version 11 where our updated set file risks a maximum of 2% per trade.

I certainly wouldn't run module 2 at high risk until I had run live at low risk for some months and had gained confidence in its performance with that broker. The module 2 trade open and close triggers are so sensitive to live broker feeds that there are massive differences in performance between brokers. As an example, Alpari UK is up 1,047 pips since March while our worst performing broker is down 322 pips.

Alpari is still running version 9 which potentially risks 25% of the account  on each trade cycle. A sobering thought. But so far it is working so will be left alone and not updated until it breaks.

The huge losses earlier in the summer were mainly due to misleading signals during thin holiday trading conditions and spikes due to high impact news items. We have tried to address both these situations by incorporating a new spreadsheet file which is read by EZE057 and can be used to stop and restart the opening of new orders during these conditions. We have provided  data for 2012 and will do this for future dates but if backtesting this protection is not available. You would need to update the file yourself with details of holiday and news periods for previous years.

One reason that Alpari UK has done so well since March may be that spreads are usually low for EURUSD (between 1 and 2 pips) but increase during high volatility periods to a point where EZE057 stops trading due to the high spread.

We have a policy of not releasing operating documentation to non members. However, you are protected by the DF Award scheme which guarantees DF members a refund of the first month's $25 subscription if they cancel within 30 days, explaining why they have cancelled and claiming the refund.

Regardless of the amount available for investment, I would always recommend starting with minimum lot size. This can be enabled by setting the risk factor to zero. Only go to money management when you have a good positive trading history with the product.

We provide instructions on regular withdrawals only for the high risk Fun$50 strategy.  Modules 1 and 2 are really meant for lower risk operation.

EZE057 is quite safe to run with other EAs on the same account as long as its magic numbers are unique. There is also an option for the money management to use Free Margin instead of Account Balance when calculating lot sizes so if other EAs are using a lot of margin EZE057 can compensate.

I hope I have dealt with all the queries. If not, please ask again. I'm always happy to help.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 10, 2012, 11:58:58 AM
After many requests for the old V9 software which has been running successfully on the Alpari UK myfxbook account, we have decided to release a special "V9 lookalike" set file for V11.

To access the file, go to the Version 011 tab and scroll to item 8. This gives you access to the download page which also describes the changes and risks involved.

We are withdrawing support for V9 at the end of this month. If this affects any member, please let us know so we can help you upgrade.

 
Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on August 17, 2012, 05:28:22 PM
Thanks a lot.
Now I just want to know if you have live tests for module 1 (Which I presume is safer and less broker dependent)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 18, 2012, 08:17:02 AM
Thanks a lot.
Now I just want to know if you have live tests for module 1 (Which I presume is safer and less broker dependent)

The strategy used for module 1 has been running for years. It used to be EZE020 until being incorporated into EZE057 in March.

Yes it is safer and yes it is not broker dependent. It has also been described as "more boring than watching paint dry".

We run 3 live instances of module 1 and since March they have made 1,161 pips in total, an average of 387 pips each. Unsurprisingly given the lack of EURUSD trend, they have done nothing for the last month. But when a trend resumes, they start to make money. Year on year module 1 is profitable. But you do need patience.

The latest version of EZE057 allows module 1 to have multiple concurrent trades and potentially much higher profits. But we have neglected it for some months due to our efforts with module 2, updated documentation and the release of version 12 of EZE057. This will come with our new Caterpillar Trader which we have tested on ten currency pairs with great results.
Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on August 18, 2012, 10:35:52 AM
Thanks again , I was going to buy the membership then I saw the huge currenct hiccup in August. What is the reason for this hiccup ? And do you have any plans to avoid it from happening again ?  I'd rather use the "boring" module 1 even if its less protfitable. May I see your module 1 live accounts on myfxbook ?

Also , How do you classify the new Caterpillar Trader ? Is it safe/slow/less broker dependant like module 1 , or is it aggressive like module 2 ? And do you have live tests for it or just backtests ?

Thanks !!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 18, 2012, 11:39:07 AM
Thanks again , I was going to buy the membership then I saw the huge currenct hiccup in August. What is the reason for this hiccup ? And do you have any plans to avoid it from happening again ?  I'd rather use the "boring" module 1 even if its less protfitable. May I see your module 1 live accounts on myfxbook ?

Also , How do you classify the new Caterpillar Trader ? Is it safe/slow/less broker dependant like module 1 , or is it aggressive like module 2 ? And do you have live tests for it or just backtests ?

Thanks !!

The big drop this month is due to the lack of trend, low volume and sudden directional changes which is probably affecting all trend aware EAs.

The live myfxbook account took the biggest hits because although we have upgraded the account to version 11 we are running it in version 9 mode. We seem to have a number of members who are prepared to take the increased risk of version 9 and accept the increased losses when they come. We think this situation will continue until we get into September. The only way to avoid this situation is to stop trading module 2 until September. We intend to continue running at low risk until then. Funnily enough, the module 2 GBPUSD accounts we are still running were all profitable this week although we are not recommending this pair at the moment.

At the moment we do not have any of the 3 live module 1 accounts on myfxbook. Our priorities are elsewhere but we'll get round to it when we can.

Caterpillar Trader does not fit into any of the standard categories. We have no live tests because until now we have only backtested it. But these tests indicate that is is not dependent on broker, feed type etc. It trades continuously with usually between 2 and 20 concurrent trades open.

The name comes from watching the backtests running. I can hopefully post more details with some of the backtests tomorrow. We start live running next week, initially on demo accounts while we go through the motions of getting new live account funded.

I'm trying not to get too excited about Caterpillar but it's difficult.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 19, 2012, 03:41:29 PM
Anyone interested in our new Forex Caterpillar can read about it below:-

http://www.ezefx.com/ForexCaterpillar.pdf (http://www.ezefx.com/ForexCaterpillar.pdf)

I've seen enough just from the backtests so I'm running it live from tonight. We'll replace most of our existing USDCAD EAs and add some different pairs. Myfxbook stuff will be added in a few weeks.

Forex Caterpillar will be available to members in September. There may be some conditions attached but details will be worked out soon.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 20, 2012, 02:33:16 PM
We now have good backtests for Forex Caterpillar on 12 pairs:-

AUDCAD AUDCHF AUDNZD CADCHF EURAUD EURCAD
EURGBP EURUSD EURJPY GBPUSD USDCAD USDJPY

We are continuing to test new pairs and have started running on live and demo accounts.

Latest update at:- http://www.ezefx.com/ForexCaterpillar.pdf (http://www.ezefx.com/ForexCaterpillar.pdf)
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on August 21, 2012, 01:43:27 PM
Sounds pretty interesting. Looking forward to test it!  :D
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on August 21, 2012, 01:48:27 PM
Does that means Forex Caterpillar outperforms FunForex$50 by many many classes? And you will replace FunForex$50 with Forex Caterpillar? I am talking about the martingale module.



Anyone interested in our new Forex Caterpillar can read about it below:-

http://www.ezefx.com/ForexCaterpillar.pdf (http://www.ezefx.com/ForexCaterpillar.pdf)

I've seen enough just from the backtests so I'm running it live from tonight. We'll replace most of our existing USDCAD EAs and add some different pairs. Myfxbook stuff will be added in a few weeks.

Forex Caterpillar will be available to members in September. There may be some conditions attached but details will be worked out soon.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on August 21, 2012, 07:04:55 PM
Does that means Forex Caterpillar outperforms FunForex$50 by many many classes? And you will replace FunForex$50 with Forex Caterpillar? I am talking about the martingale module.



Anyone interested in our new Forex Caterpillar can read about it below:-

http://www.ezefx.com/ForexCaterpillar.pdf (http://www.ezefx.com/ForexCaterpillar.pdf)

I've seen enough just from the backtests so I'm running it live from tonight. We'll replace most of our existing USDCAD EAs and add some different pairs. Myfxbook stuff will be added in a few weeks.

Forex Caterpillar will be available to members in September. There may be some conditions attached but details will be worked out soon.

I think we'll have to replace it. The updated software is just so much more effective (in the backtests anyway) it would make sense to update to Caterpillar.

Caterpillar enables us to trade on almost any currency pair and gives us the ability to control risk very well. So you can run it using the Fun$50 strategy at high risk, use the standard risk levels we show on the 3 year backtests or run at low risk which will withstand 8 to 10 year backtests. I also like the way it can run on trending pairs like EURUSD and GBPUSD and still do very well.

I have used an existing $10k demo account to run 5 Caterpillars plus an EZE050 which I think is probably suicidal but it's only demo money so if it blows it blows. But it will let me test that the software works properly used like this. At the moment, apart from having more than 30 trades open it seems to be looking OK.

I have it in mind to look at putting $500 (50k cents) on a live account and running 5 pairs together. This should be pretty safe and would allow regular withdrawals as the balance increases. At the moment I'm working out which pairs would be best to use. It's nice to be spoilt for choice.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 02, 2012, 04:47:54 PM
Caterpillar is nearly finished and we have done 3 year backtests on 15 pairs.

More details are available at www.forexcaterpillar.com (http://www.forexcaterpillar.com)

Live trades will be available on myfxbook once we have some history to show.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 03, 2012, 07:30:47 AM
Caterpillar is nearly finished and we have done 3 year backtests on 15 pairs.

More details are available at www.forexcaterpillar.com (http://www.forexcaterpillar.com)

Live trades will be available on myfxbook once we have some history to show.

We have updated the Caterpillar site this morning.

We now have backtests for 17 currency pairs and have shown our first live myfxbook account with the closing of our first batch of Caterpillar trades. More live account links will be shown as more trade batches close.
Title: Re: Easy Forex (ezefx.com)
Post by: docvjs on September 04, 2012, 09:22:56 PM
I've read the thread from the beginning and have a couple of questions.

Please correct me if I am off or wrong.

It seems like this is one long evolving EA that continues to get refined and remade into different forms and versions. Just when things seem to be running well and making some profit, the inevitable stop-loss comes around and it's time to rework it, do some more backtests and then start a small live account that doesn't quite run as expected from the backtests and then there's some coding corrections that need to be made and then it's starting on a newer version and then optimal backtests and then refinements and then the latest working version is going to be replaced...

I think I understand what you are doing but isn't it just continual optimization? It seems like the different systems profit and then implode. As a nonprogrammer, I'm trying to figure out how I can use the different EAs and make money in the long run without constantly changing, working and editing all the parameters. And the more these settings are constantly being changed they are just being optimized for now vs tried and true settings.

Is this all explained in more detail on the website once you become a member? Is my understanding of reading this whole thread off? I'm very interested and like what you're doing, I'm just not sure if it makes sense to be a member or not if I'm one that isn't into contstantly backtesting and optimizing trying to find settings that we know are going to go bad sooner or later.

Thanks for the clarification. Much appreciated.

Doc
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 04, 2012, 11:17:38 PM
I've read the thread from the beginning and have a couple of questions.

Please correct me if I am off or wrong.

It seems like this is one long evolving EA that continues to get refined and remade into different forms and versions. Just when things seem to be running well and making some profit, the inevitable stop-loss comes around and it's time to rework it, do some more backtests and then start a small live account that doesn't quite run as expected from the backtests and then there's some coding corrections that need to be made and then it's starting on a newer version and then optimal backtests and then refinements and then the latest working version is going to be replaced...

I think I understand what you are doing but isn't it just continual optimization? It seems like the different systems profit and then implode. As a nonprogrammer, I'm trying to figure out how I can use the different EAs and make money in the long run without constantly changing, working and editing all the parameters. And the more these settings are constantly being changed they are just being optimized for now vs tried and true settings.

Is this all explained in more detail on the website once you become a member? Is my understanding of reading this whole thread off? I'm very interested and like what you're doing, I'm just not sure if it makes sense to be a member or not if I'm one that isn't into contstantly backtesting and optimizing trying to find settings that we know are going to go bad sooner or later.

Thanks for the clarification. Much appreciated.

Doc

What you are describing I'd call innovation and development. Without this, people would be coming back from work in a train powered by Stephenson's Rocket and then driving home in a steam powered velocipede.

EZE057 is so named because it is the 57th EA we have developed so it certainly isn't one long evolving EA. Of course, we now have Caterpillar which is branching off on a different path, but that's another story which will be told soon enough.

Of course, we have made mistakes, have been over optimistic and have had to step back and rethink our situation from time to time. But this is how we improve. The modern motor car did not evolve without many horrific mistakes in the past, most of which have fortunately rusted away by now.

By no means all our previous versions have been failures as I think you are implying. We still run EZE009, EZE024, EZE031 and versions of EZE057 on many live accounts. If they weren't making money we'd take them off. But it is true to say that the older software only works on certain brokers and in certain situations.

We don't optimise or curve fit to suit any situation or try to fool anybody. We are open and honest about our successes and failures because any other course leads to exposure and ridicule. I'd rather be ridiculed for incompetence than dishonesty if I had to make that awful choice.

It is a fact that EZE057 tries to be all things to all people and it is. But it seems to be too complex for the majority of our members to understand so Caterpillar and the new version 12 of EZE057 will both be simpler and easier to run.

By retaining our name and detailing our endeavours we are a target to be shot at. But I'd rather do this than announce Forex ABC with loads of hype, sell as many as possible and then when the problems hit the fan, disappear only to return as Forex XYZ and another load of hype.

Did you know that a large percentage of EAs are the same old EAs either pirated or regurgitated with a new name? Yet people still buy them. Amazing.

If you are in any doubt about becoming a member, don't become one - yet. Wait and see the continuing results on myfxbook, then make up your mind later on.

Unlike some, we do not make losing myfxbook accounts disappear unless we completely close the account. We update or run new software on those accounts until they are profitable again. We think it makes sense.

Sorry if any of the above is a little abrasive. It's past my bedtime.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 04, 2012, 11:28:51 PM
I am very confused on how to setup v11 of EZE057. I have the manual, but don't quite understand the best and most optimized settings. Where can I find that?

Also, where do I get the keycode? It wasn't in my receipt.
Title: Re: Easy Forex (ezefx.com)
Post by: docvjs on September 04, 2012, 11:48:01 PM
I've read the thread from the beginning and have a couple of questions.

Please correct me if I am off or wrong.

It seems like this is one long evolving EA that continues to get refined and remade into different forms and versions. Just when things seem to be running well and making some profit, the inevitable stop-loss comes around and it's time to rework it, do some more backtests and then start a small live account that doesn't quite run as expected from the backtests and then there's some coding corrections that need to be made and then it's starting on a newer version and then optimal backtests and then refinements and then the latest working version is going to be replaced...

I think I understand what you are doing but isn't it just continual optimization? It seems like the different systems profit and then implode. As a nonprogrammer, I'm trying to figure out how I can use the different EAs and make money in the long run without constantly changing, working and editing all the parameters. And the more these settings are constantly being changed they are just being optimized for now vs tried and true settings.

Is this all explained in more detail on the website once you become a member? Is my understanding of reading this whole thread off? I'm very interested and like what you're doing, I'm just not sure if it makes sense to be a member or not if I'm one that isn't into contstantly backtesting and optimizing trying to find settings that we know are going to go bad sooner or later.

Thanks for the clarification. Much appreciated.

Doc

What you are describing I'd call innovation and development. Without this, people would be coming back from work in a train powered by Stephenson's Rocket and then driving home in a steam powered velocipede.

EZE057 is so named because it is the 57th EA we have developed so it certainly isn't one long evolving EA. Of course, we now have Caterpillar which is branching off on a different path, but that's another story which will be told soon enough.

Of course, we have made mistakes, have been over optimistic and have had to step back and rethink our situation from time to time. But this is how we improve. The modern motor car did not evolve without many horrific mistakes in the past, most of which have fortunately rusted away by now.

By no means all our previous versions have been failures as I think you are implying. We still run EZE009, EZE024, EZE031 and versions of EZE057 on many live accounts. If they weren't making money we'd take them off. But it is true to say that the older software only works on certain brokers and in certain situations.

We don't optimise or curve fit to suit any situation or try to fool anybody. We are open and honest about our successes and failures because any other course leads to exposure and ridicule. I'd rather be ridiculed for incompetence than dishonesty if I had to make that awful choice.

It is a fact that EZE057 tries to be all things to all people and it is. But it seems to be too complex for the majority of our members to understand so Caterpillar and the new version 12 of EZE057 will both be simpler and easier to run.

By retaining our name and detailing our endeavours we are a target to be shot at. But I'd rather do this than announce Forex ABC with loads of hype, sell as many as possible and then when the problems hit the fan, disappear only to return as Forex XYZ and another load of hype.

Did you know that a large percentage of EAs are the same old EAs either pirated or regurgitated with a new name? Yet people still buy them. Amazing.

If you are in any doubt about becoming a member, don't become one - yet. Wait and see the continuing results on myfxbook, then make up your mind later on.

Unlike some, we do not make losing myfxbook accounts disappear unless we completely close the account. We update or run new software on those accounts until they are profitable again. We think it makes sense.

Sorry if any of the above is a little abrasive. It's past my bedtime.

Appreciate the response. I'm not trying to imply you have not created successful EAs. I guess that's my question. I'm trying to get my head wrapped around what an average rate of return, risk and reward would be to running a portfolio of your EAs. You mentioned you have so many different versions running on the same accounts for so long there's no easy way to make an accurate analysis or come up with these specific numbers. I think the answers to my questions are more likely found in your members forum and discussion on your website/members area.

Do you still offer the one month trial for DF members?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 05, 2012, 07:17:24 AM
I am very confused on how to setup v11 of EZE057. I have the manual, but don't quite understand the best and most optimized settings. Where can I find that?

Also, where do I get the keycode? It wasn't in my receipt.

You are not alone. Confusion is the reason we are simplifying the documentation and settings of our EAs.

First you need to find and use the support ticketing system. Look at the bottom left of the menu page and click on Tell EZEFX. You should use this method to apply for keycodes (you need to supply your broker account number) and to ask for help. We use this system because unexpected emails are often chewed up by our spam filter. Tickets get our immediate attention as long as we are awake.

With the ReleaseV011 package we supply 4 .set files. At this time we recommend you use these to start as they incorporate our best settings for the currency pairs indicated.

We can give more detailed help and advice through the ticketing system. But I should say here that if you want to run the Fun$50 system you should now wait until Caterpillar is released later this month.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 05, 2012, 07:42:20 AM
I've read the thread from the beginning and have a couple of questions.

Please correct me if I am off or wrong.

It seems like this is one long evolving EA that continues to get refined and remade into different forms and versions. Just when things seem to be running well and making some profit, the inevitable stop-loss comes around and it's time to rework it, do some more backtests and then start a small live account that doesn't quite run as expected from the backtests and then there's some coding corrections that need to be made and then it's starting on a newer version and then optimal backtests and then refinements and then the latest working version is going to be replaced...

I think I understand what you are doing but isn't it just continual optimization? It seems like the different systems profit and then implode. As a nonprogrammer, I'm trying to figure out how I can use the different EAs and make money in the long run without constantly changing, working and editing all the parameters. And the more these settings are constantly being changed they are just being optimized for now vs tried and true settings.

Is this all explained in more detail on the website once you become a member? Is my understanding of reading this whole thread off? I'm very interested and like what you're doing, I'm just not sure if it makes sense to be a member or not if I'm one that isn't into contstantly backtesting and optimizing trying to find settings that we know are going to go bad sooner or later.

Thanks for the clarification. Much appreciated.

Doc

What you are describing I'd call innovation and development. Without this, people would be coming back from work in a train powered by Stephenson's Rocket and then driving home in a steam powered velocipede.

EZE057 is so named because it is the 57th EA we have developed so it certainly isn't one long evolving EA. Of course, we now have Caterpillar which is branching off on a different path, but that's another story which will be told soon enough.

Of course, we have made mistakes, have been over optimistic and have had to step back and rethink our situation from time to time. But this is how we improve. The modern motor car did not evolve without many horrific mistakes in the past, most of which have fortunately rusted away by now.

By no means all our previous versions have been failures as I think you are implying. We still run EZE009, EZE024, EZE031 and versions of EZE057 on many live accounts. If they weren't making money we'd take them off. But it is true to say that the older software only works on certain brokers and in certain situations.

We don't optimise or curve fit to suit any situation or try to fool anybody. We are open and honest about our successes and failures because any other course leads to exposure and ridicule. I'd rather be ridiculed for incompetence than dishonesty if I had to make that awful choice.

It is a fact that EZE057 tries to be all things to all people and it is. But it seems to be too complex for the majority of our members to understand so Caterpillar and the new version 12 of EZE057 will both be simpler and easier to run.

By retaining our name and detailing our endeavours we are a target to be shot at. But I'd rather do this than announce Forex ABC with loads of hype, sell as many as possible and then when the problems hit the fan, disappear only to return as Forex XYZ and another load of hype.

Did you know that a large percentage of EAs are the same old EAs either pirated or regurgitated with a new name? Yet people still buy them. Amazing.

If you are in any doubt about becoming a member, don't become one - yet. Wait and see the continuing results on myfxbook, then make up your mind later on.

Unlike some, we do not make losing myfxbook accounts disappear unless we completely close the account. We update or run new software on those accounts until they are profitable again. We think it makes sense.

Sorry if any of the above is a little abrasive. It's past my bedtime.

Appreciate the response. I'm not trying to imply you have not created successful EAs. I guess that's my question. I'm trying to get my head wrapped around what an average rate of return, risk and reward would be to running a portfolio of your EAs. You mentioned you have so many different versions running on the same accounts for so long there's no easy way to make an accurate analysis or come up with these specific numbers. I think the answers to my questions are more likely found in your members forum and discussion on your website/members area.

Do you still offer the one month trial for DF members?

You make a good point about average rate of return. Our most popular setup is running module 2. But this is very broker dependent and we now have the added complication of some members wanting to run the more risky version 9 setup instead of version 11. So "average" is a combination of very good and poor results. Module 1 is a long term trend following strategy which does make reasonable returns year on year but does not seem to be used by newer members.

We don't operate a members' forum. There's no problem with using this DF forum though! We do publish weekly members reports with details of progress. Many of our older members prefer to use the ticketing system for private discussions with us as they continue to develop their own strategies.

We offer a one month trial as a condition of our award status. You join in the usual way and then if you are not satisfied you need to send us a support ticket explaining the reasons you are cancelling and asking for a refund. You also need to verify that you are a DF member as the refund is only applicable to DF members.

You may wish to have a look at forexcaterpillar.com which has some details about our new product. This is simple to use and has been tested on 17 currency pairs. We are running it live on 6 pairs at the moment and will publish all these on myfxbook as they start to make profits. Release date is later this month.
 
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 05, 2012, 02:09:13 PM
Thanks for the prompt response. I submitted a ticket and received a key code. I will also go in and ask my questions there for the time being.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 06, 2012, 04:44:33 PM
Is there an ETA on v2 and Caterpillar?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 06, 2012, 04:59:40 PM
We've just put Caterpillar V2 on 11 live accounts today. These replace some "old" Cats and some EZE057s running Fun$50 etc. If there are no problems in the next week or so this is likely to be the production version. The update to V2 is really just cosmetic with simpler and more meaningful displays although there is a tweak to the drawdown eater and the ability to set risk properly for multiple Cats on one account.

Version 12 of EZE057 will come a little later, probably early October. This will be more efficient, less cumbersome and hopefully easier to understand.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 09, 2012, 08:40:01 AM
The latest updates are on the member website. They include more Caterpillar information including our first live results and details of the brokers we use. Live release of Caterpillar is getting very close now.

Non members wanting to know more about Caterpillar can get details at www.forexcaterpillar.com (http://www.forexcaterpillar.com) and see backtest charts. We now have 3 live myfxbook pages available and will add others soon.

We have live Caterpillars running on USDCAD AUDCAD GBPJPY USDJPY CADJPY EURGBP EURUSD and AUDUSD.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 10, 2012, 01:13:00 PM
Forex Caterpillar has now been released.

Members can download Caterpillar from the EzeFX member site.

Non members can read about Caterpillar at www.forexcaterpillar.com

Time for lunch!
Title: Re: Easy Forex (ezefx.com)
Post by: bearnakedbull on September 11, 2012, 09:53:16 PM
Out of control Martingale, no thanks.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 11, 2012, 10:25:16 PM
Out of control Martingale, no thanks.

I think it is very sad that so many on this and other forums just write off anything that does not fit into their narrow view of successful strategies. Just mention one of their "trigger" words and that's it. I call them "purists". Not too impolite I hope.

Fortunately most others are open minded enough to realise that, with development, many strategies can be greatly improved to the point where failure can become success.

The object is surely to make money over time, not to have a "motorised" copy of the best manual system.

At EzeFX we cater for both sides of the coin. First with one EA and now with two. Members get a copy of each so you can pick heads or tails.
Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on September 12, 2012, 07:04:37 AM
Hello , About Caterpillar, Is it Martingale or Hedge ?
I heard Hedge strategy needs experienced trader and should not be implemented on an EA. How did you develop an EA with Hedge ? And How safe is it ? Is it like Martingale in the sense that you are risking "whole" account with every trade ?
Thanks for clarifying.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 12, 2012, 07:40:57 AM
Hello , About Caterpillar, Is it Martingale or Hedge ?
I heard Hedge strategy needs experienced trader and should not be implemented on an EA. How did you develop an EA with Hedge ? And How safe is it ? Is it like Martingale in the sense that you are risking "whole" account with every trade ?
Thanks for clarifying.

Caterpillar does not neatly fit into any of these named categories.

It is not Martingale as the lot size incrementation is optional and restricted.
It is not grid as the trade gaps are optional and scaled.
It is hedge because it trades concurrent buys and sells, closing profitable batches which can contain either or both. You couldn't run this setup manually, you'd be far too slow. But speed is what computers are all about, isn't it?

To trade Caterpillar you need an account which will cope with 100,000 pips at base lot size in standard mode. Most cent accounts need a deposit of just $100 to achieve this.

Safety depends on your attitude to risk. You can adjust the settings in Caterpillar  to such a low risk that the world would need to end before you lost your $100. You raise the risk by any number of methods as you wish including using more money for each account.

As for risk, anyone who can't afford to lose $100 shouldn't be trading. We have a number of backtests over 3 years which is quite sufficient to show how viable Caterpillar is.

The real fun in Caterpillar is that you can spread your risk over a number of accounts, moving your money to where it is needed and regularly collecting profits. Our operations manual explains these techniques.

Hope this explanation helps a little.
 
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 13, 2012, 10:06:49 PM
Hi. I am running Forex Caterpillar on several M15 charts since release. It still has not taken a trade. Any thoughts?

Also, any way to upgrade the frequency of EZE057 v11 frequency?

Progress on v12?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 14, 2012, 06:43:02 AM
Hi. I am running Forex Caterpillar on several M15 charts since release. It still has not taken a trade. Any thoughts?

Also, any way to upgrade the frequency of EZE057 v11 frequency?

Progress on v12?

If you check your EZE057DATES file you will notice that EZE057 has been in non trading periods for a few days this month due to holidays and high impact news. I'd much rather it didn't trade than get caught by a spike like the one we saw yesterday. Yes, you can encourage it to trade more frequently. Many ways to do this are shown in your risk control manual but here are some obvious ones :-

1. Up the OrderLimit from 1 to however many trades you want to have open simultaneously. 48 is the limit.
2. UHS2 can be increased to 2500, 3000 or more. The higher this number is, the more often EZE057 module 2 will open trades.
3. Set ExcludeDates to zero. This will ignore the date file and try to find trades at all times.
4. Set StartWeekAtDay to zero and EndWeekAtDay to 6. This will allow trading through our weekend shutdown period whenever there are ticks.

Needless to say, any of the above are NOT recommended and are likely to LOSE money but the choice is yours.

When you say Caterpillar has not taken a trade, do you mean it has not opened any trades or has not closed any trades?

If no trades have been opened, something is definitely wrong. Please send a support ticket with as much information as is relevant so we can look at the problem.

If no trades have been closed, this is quite normal. As we say in the Operations Manual, Caterpillar needs to accumulate a number of trades before the batch close procedure can be triggered. This can obviously take longer if the currency pair is in a tight range. This is the reason we are only showing 3 live pairs on myfxbook at the moment. More pairs will be added as each instance of Caterpillar closes its first batch.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 14, 2012, 12:05:24 PM
We added EURUSD to AUDCAD on one of our Caterpillar accounts 4 days ago and it has already taken its first profits. We have also added AUDUSD to CADJPY which is showing profits. EURGBP, running alone at the moment, has profits too.

A lot of activity yesterday has produced the results we expected so this is looking like a good week for Caterpillar. Follow the live myfxbook results at http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Add a good week for both EZE057 modules 1 and 2 and we're glad the holiday period is over.  :) 
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 14, 2012, 01:17:46 PM
I mean it has not even opened a trade this week for me... I will post a question in support.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 14, 2012, 03:12:17 PM
I mean it has not even opened a trade this week for me... I will post a question in support.

I think you've sorted this now. It was an invalid keycode. Let us know if there are any other problems.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 14, 2012, 03:19:43 PM
Got a new code and it opened two trades in opposite directions. Will see how it goes...

Would've been nice if the label had indicated a bad code on the screen. Without looking at the journal, never would've known.

Looking forward to tracking this for the next few weeks.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 14, 2012, 03:37:06 PM
Got a new code and it opened two trades in opposite directions. Will see how it goes...

Would've been nice if the label had indicated a bad code on the screen. Without looking at the journal, never would've known.

Looking forward to tracking this for the next few weeks.

Yes, I agree. Will be in the next version!
Title: Easy Forex (ezefx.com)
Post by: e1vis on September 14, 2012, 06:20:29 PM
Without wishing to go off topic, one of the more popular grid/Marty ea's - Forex Envy has had a disastrous couple of days with the large moves we've seen across the board. Many accounts wiped out.

My question is: how has caterpillar dealt with the same issue? I don't think you can compare like for like, as FE runs all pairs simultaneously whereas as far as I can see, FC seems to only one or two pairs per account. But has there been anything to concern you - on any pairs - with the market moves over the last week or so?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 14, 2012, 07:57:35 PM
Without wishing to go off topic, one of the more popular grid/Marty ea's - Forex Envy has had a disastrous couple of days with the large moves we've seen across the board. Many accounts wiped out.

My question is: how has caterpillar dealt with the same issue? I don't think you can compare like for like, as FE runs all pairs simultaneously whereas as far as I can see, FC seems to only one or two pairs per account. But has there been anything to concern you - on any pairs - with the market moves over the last week or so?

If run according to our standard instructions, Caterpillar has performed fine. All our Caterpillars have greatly benefited from this week's activity.

From what I can see, Caterpillar runs at an entirely different risk level from Envy. It will probably make far less money but the money it does make you will be likely to keep as long as you follow our instructions.

I sympathise with the developers of Envy who have obviously worked hard to produce a product which has worked for quite a while. But trading Forex is "buyer beware" and users of any software must keep their wits about them and use common sense. If something looks to good to be true, it probably is.

Finally, I hope that after today, Envy customers will stop rubbishing the developer and be more cautious with their own money next time round.
Title: Re: Easy Forex (ezefx.com)
Post by: supern0va3000 on September 16, 2012, 08:06:44 PM
Hello , I have few more questions :
1- Does the membership of 25$ per month , allow me to use your 3 experts ? (module1 and 2 and caterpillar)
2- Fmonera once said that "in Martingale strategy , you are risking your whole account with every trade". Does this statement apply to Caterpillar ?
3- For Modules 1 and 2 , is EURUSD the only pair that is supported and  allowed officially to be used ?
4- When does version 12 come ? and what are the new features ? Does it have any feature to prevent major losses during Big Trend Change ?
5-I've asked you before if you have any live tests for Module 1 ,  you answered me yes. Kindly give me links to its myfxbook .

Thanks !
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 16, 2012, 10:40:25 PM
I'll do my best to answer these before bed.

1. We currently offer 2 EAs, EZE057 and Caterpillar. EZE057 can use add on modules 1 & 2 & we supply a source code module so you can drive EZE057 trade entries and exits with your own code. This and more for the monthly subscription of $25.

2. Yes. Using our settings and recommendations, under extreme circumstances, you could lose the entire $100 in an account. Frankly, if this would be too much to bear for some, they should try gardening.

3. We are only recommending EURUSD for EZE057 at the present time. But there are no restrictions on using any other pair you like. We are still running module 2 with GBPUSD and it is starting to pick up now the holiday season is over.

4. Version 12 of EZE057 will be released in October. It will have less features than version 11 and will be simpler to understand. Version 11 has features designed to stop trading module 2 during high impact news and holiday dates. Our standard EZE057 set files now represent a very low risk so we do not expect major losses.

5. We have a live module 1 which has made 859 pips since April. Another has broken even in that time and the third has lost a little. They are all running module 1 with different sub-strategies so we can test and recommend the best one to use. Looks like a one horse race so far. I have not got this one on myfxbook because the account is running other private EAs. But I can show you the individual trades if you'd like.

Hope this will do for now. I'm tired.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 21, 2012, 09:27:51 AM
We are now running 15 different currency pairs live on Caterpillar. They are all being shown on myfxbook as soon as they take their first trades.

You can follow progress at

http://forexcaterpillar.com/Live-Results.html (http://forexcaterpillar.com/Live-Results.html)

Latest updated live analysis will be on the member site from Sunday.
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on September 21, 2012, 09:50:12 AM
The last update on your Forex Caterpillar USDCAD was 18hours ago...

 >:(

http://www.myfxbook.com/members/realgains/wwwezefxcom-v11betagm/346818



We are now running 15 different currency pairs live on Caterpillar. They are all being shown on myfxbook as soon as they take their first trades.

You can follow progress at

http://forexcaterpillar.com/Live-Results.html (http://forexcaterpillar.com/Live-Results.html)

Latest updated live analysis will be on the member site from Sunday.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 21, 2012, 10:20:04 AM
The last update on your Forex Caterpillar USDCAD was 18hours ago...

 >:(

http://www.myfxbook.com/members/realgains/wwwezefxcom-v11betagm/346818



We are now running 15 different currency pairs live on Caterpillar. They are all being shown on myfxbook as soon as they take their first trades.

You can follow progress at

http://forexcaterpillar.com/Live-Results.html (http://forexcaterpillar.com/Live-Results.html)

Latest updated live analysis will be on the member site from Sunday.

Yes, that's right. But it is still current. I think the reason for the update failing is that the broker either changed their server or changed the name of their server last weekend.

I had this a month or so ago with another broker and eventually had to delete the myfxbook account and start again. Of course, when you do this the links change which is a pain.

If you'd like to see an alternate USDCAD Caterpillar link it is here

http://www.myfxbook.com/members/realgains/forexcaterpillarusdcad/353941/1BupeTAwzA0vNJbni7Se (http://www.myfxbook.com/members/realgains/forexcaterpillarusdcad/353941/1BupeTAwzA0vNJbni7Se)

This was a Fun$50 account. You will see clearly from the graph when we changed over to Caterpillar.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on September 21, 2012, 10:41:11 AM
I can see Caterpillar is trading a.number of forex pairs and you had opened various accounts with different brokers.

How many accounts one can trade with one Caterpillar license? And you use Guardian for authentication? And most importantly, what is minimum trade capital required which at least can cover the $25 monthly fee?

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 21, 2012, 11:15:43 AM
I can see Caterpillar is trading a.number of forex pairs and you had opened various accounts with different brokers.

How many accounts one can trade with one Caterpillar license? And you use Guardian for authentication? And most importantly, what is minimum trade capital required which at least can cover the $25 monthly fee?

We are opening live accounts with all the cent brokers we can find who will deal with UK residents so we can compare their facilities and particularly the workings of their traders cabinets. We show members this so they can make more informed decisions about their choice of broker.

We don't use Guardian because we have heard too many horror stories and don't want to make things harder for our newer members than they already are, some having difficulties with English and being newcomers to Forex trading.

When you start as a member with EzeFX you can ask for 2 keycodes to run on 2 broker accounts. This was originally meant to be a concession so one live and one demo account could be used to start off. Then, for each month you remain a member you are allowed one more keycode. So, after a year you would have 13 keycodes.

You can run as many EAs on that one broker account using the same keycode as you think prudent. Caterpillar and EZE057 use the same keycodes so you can run either or both on one account.

Probably $1,000. This obviously depends on what you want to run. For $1,000 we'd have 2 brokers each having 5 cabinet linked accounts. We would put $100 into each account and run Caterpillar on 4 of the 5 accounts, keeping the 5th account as our "slush fund". We would probably run EZE057 in the slush fund account.

The other factor is that for each $25 you pay, we put $15 into our MIS investment scheme and distribute 50% of the scheme gains once a year. So this would have an effect on your profits also.
Title: Re: Easy Forex (ezefx.com)
Post by: JJ-FX on September 21, 2012, 11:23:35 AM
I had this a month or so ago with another broker and eventually had to delete the myfxbook account and start again. Of course, when you do this the links change which is a pain.

You can open a ticket with myfxbook support and ask them to change the server. Might take a day or two but usually works.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 21, 2012, 11:25:57 AM
I had this a month or so ago with another broker and eventually had to delete the myfxbook account and start again. Of course, when you do this the links change which is a pain.

You can open a ticket with myfxbook support and ask them to change the server. Might take a day or two but usually works.

Thanks for that. I'll give it a try. Have a rep.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 22, 2012, 06:22:33 PM
We have updated the live results page at forexcaterpillar.com (http://forexcaterpillar.com) to show the latest myfxbook charts without the need to drill down to the myfxbook website. But if you want the details you can just click on each chart.

We are now running 20 live Caterpillars on 16 currency pairs. After 3 weeks of live running, Caterpillar is performing exactly to specification. Long may it continue.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 23, 2012, 08:45:44 AM
Next Sunday members must download and install the new DLL from the EzeFx DLL tab or your EAs will stop running. There is a big reminder on the member site home page now.

We are feeling pretty relaxed at the moment. Caterpillar is that sort of robot. There are a few small bugs which we have fixed, some additional displays  and warning messages etc. but that's it really. Version 3 will be released in October.

But then Caterpillar is a very relaxing robot to run. No dreading the next Stop Loss, no frustration as the Take Profit price is approached only for the price direction to change just before it is hit. Just glance at it occasionally to see if the profit target is approaching.

It is actually quite difficult to grasp this new concept. Caterpillar just runs all the time regardless of holiday periods and high impact news. In fact these are opportunities to make more gains as rapid price movements can close out profitable batches and then fill in with new trades very quickly ready for the next profitable batch.

The use of cent accounts means that almost anyone can run Caterpillar and make money. Why leave your money in a bank making less than the annual cost of living increase when you can let Caterpillar make 30% to 90% a year as long as your computer is running? Open a new account each month, use different brokers after studying our documentation, follow our instructions and watch your investment grow. Our Annual % Gain indicator on our Live Results chart is already sitting at 8% despite running for only 3 weeks and adding new Caterpillars regularly. Watch as this increases week by week.
Title: Easy Forex (ezefx.com)
Post by: e1vis on September 24, 2012, 09:37:49 PM
How have you decided which pairs to run together on the same account? Are you aiming for a target dd or monthly return?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 24, 2012, 10:51:57 PM
How have you decided which pairs to run together on the same account? Are you aiming for a target dd or monthly return?

We haven't decided this in a very scientific manner. The latest pairs we have "doubled up" were chosen by looking at the spreads offered by the broker, wanting to use pairs we had backtested but were not yet running live and the brokers' ability to provide instant funds transfers between accounts.

Ideally we would have looked to run non correlating pairs together but it was often not possible given the above requirements.

As live running continues, the race between the pairs to get the best results will be more exciting than watching paint dry. Quite a bit more, in fact.
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on September 25, 2012, 04:56:30 AM
I am very interested in your Forex Caterpillar. I like the idea on how it starts two opposing trades and lets them compete.

Is it considered a day trading program or is it a program which holds the trades over a longer period of time?

In the United States, day traders need to have a $25,000 capital at all times in their brokerage account. I am curious the amount I need to have in there. Maybe Forex traders are exceptions. I am still in the learning phase.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 25, 2012, 08:02:17 AM
I am very interested in your Forex Caterpillar. I like the idea on how it starts two opposing trades and lets them compete.

Is it considered a day trading program or is it a program which holds the trades over a longer period of time?

In the United States, day traders need to have a $25,000 capital at all times in their brokerage account. I am curious the amount I need to have in there. Maybe Forex traders are exceptions. I am still in the learning phase.

obe4life. Welcome to the DF forum.  :)

I don't think Caterpillar falls into either category really. But you are quite right about needing large monetary values to run properly. Fortunately, a number of Forex brokers operate "cent" accounts where you can deposit $100 and receive a trading balance of 10,000 cents. Without this facility, Caterpillar would be only for those who already have plenty of money.

Certainly, if the settings were correct, using a $250 (25,000) starting balance could provide a much lower risk. But we like to use another facility offered by some cent account brokers which is the traders' cabinet. A few brokers offer the ideal which is the facility to transfer funds instantly between one cabinet account and another.

With this facility in mind, we are recommending $100 starting balances in each account with a "slush fund" containing reserve funds for use if and when needed. This coupled with withdrawals to the slush fund at appropriate intervals, allows caterpillar to remain profitable and provide a good physical return of capital strategy which is overlooked by so many Forex traders.

The "instant transfer" facility also allows us to run Caterpillar at higher risk if we want to. Either by using less capital (say $50 ) in each account or by running more than one currency pair in each account.

We run our own software on live accounts, not demo as we have faith in our strategies and abilities. At this time we have 22 currency pairs running live on Caterpillar and are considering adding more this week.

If you would like to join us and run Caterpillar, membership is just $25 monthly and Caterpillar comes bundled with the membership package.
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on September 25, 2012, 05:46:08 PM
Thanks for your reply. It was very helpful.

If I chose to not go the cent account route, how much capital would you recommend to get started. I see your accounts posted on your website each use around $10,000. Would that be a good amount to start with to get 2-5 percent returns each month?

Also what brokers (for U.S. residents) are you having good results with Forex Caterpillar?

You mentioned that the Forex Caterpillar runs 24 hours a day. Is there ways to not have the computer on for that length of time. It costs me $45/month to run my computer 24/7.

Thanks again for your time.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 25, 2012, 07:11:01 PM
Thanks for your reply. It was very helpful.

If I chose to not go the cent account route, how much capital would you recommend to get started. I see your accounts posted on your website each use around $10,000. Would that be a good amount to start with to get 2-5 percent returns each month?

Also what brokers (for U.S. residents) are you having good results with Forex Caterpillar?

You mentioned that the Forex Caterpillar runs 24 hours a day. Is there ways to not have the computer on for that length of time. It costs me $45/month to run my computer 24/7.

Thanks again for your time.

If you started with $10,000 we would recommend you split this into ten lots each of $1,000 and still use cent accounts. There seems little point in risking the whole $10k on one broker with one currency pair when with a little extra effort you can spread the risk and probably make more money. If you wanted to use standard accounts you should look at using a minimum of $50,000 capital split into 5 lots of $10k. But we would still use cent accounts ourselves as the money management software would work very well at that level and the drawdown eater would be at its most efficient.

Our backtests indicate that 2 to 5% returns monthly on average is easily achievable with risk spreading and monitoring using capital from $500 upwards.

Our cent broker chart is available to members only and is updated regularly each time more information is known. So when you join you will be able to see the brokers, spreads, limitations and advantages. We also publish to members our live results each week analysed by broker and currency pair so over time the best
pairs will show themselves.

I'm not sure whether you have expensive electricity, are using a cheap VPS or have a different reason for your $45 monthly computer cost. If you give me some more information I'll try to be of more help.

But, like most EAs, Caterpillar runs all the time there is a price feed, so 24/5. It is tolerant of shutdowns for a few hours or so but it is not a good idea to shut down regularly each day as you will miss profit opportunities.
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on September 26, 2012, 01:49:18 AM
[quote author=999cjb
I'm not sure whether you have expensive electricity, are using a cheap VPS or have a different reason for your $45 monthly computer cost. If you give me some more information I'll try to be of more help.
[/quote]

I should get myself a VPS account. That way I don't have to leave my computer running all the time. Due to my graphics cards, I am running a lot of wattage.

You provided some very good information about how to split up the accounts. Thanks.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 26, 2012, 06:27:40 AM
[quote author=999cjb
I'm not sure whether you have expensive electricity, are using a cheap VPS or have a different reason for your $45 monthly computer cost. If you give me some more information I'll try to be of more help.

I should get myself a VPS account. That way I don't have to leave my computer running all the time. Due to my graphics cards, I am running a lot of wattage.

You provided some very good information about how to split up the accounts. Thanks.
[/quote]

Could I suggest you consider using another computer? MT4 does not need anything much in the way of graphics so any onboard graphics would be fine and any reasonable dual core CPU would be fine for up to 10 instances of MT4.

So a second user laptop would be the cheapest option I would have thought. This would not only be cheap to run 24/7 but would be able to run MT4 without any interference from other applications which I think is an important consideration.

I am not in favour of VPS myself due to bad experiences in the past and the dangers of losing control of your system. But I know a lot of DF members use VPS so they can't all be bad. They are expensive if you want plenty of RAM though.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 26, 2012, 10:35:35 AM
We now have eight myfxbook links on this page:-

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

These are showing the live account performance of Caterpillar on 14 currency pairs.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 29, 2012, 11:32:50 AM
From our weekly members' report:-

In preparing this week's Caterpillar Live Results we noticed that the annual % gain for each account was being calculated incorrectly. From this week, this column provides a more accurate reflection of performance. We added two more live Caterpillars this week making 22 in total and a new backtest for NZDUSD. After four weeks running live, we have an average annual gain of 28/% per currency pair. If you exclude the new accounts which have not yet recorded profits, the average annual gain rises to 44%. Using brokers providing instant fund transfer between accounts and running with two or more pairs per account, it should be possible to increase the annual gain to between 100 and 200% per account. 

 8)

Title: Easy Forex (ezefx.com)
Post by: e1vis on September 29, 2012, 04:26:58 PM
It all sounds interesting but, I must say, as a potential user of caterpillar I am completely bewildered about which pairs I would/should use and what kind of results I would get with those particular pairs. There seems to be no rhyme or reason...

Would it not make sense to put together some vendor recommended portfolios and backtest those specific combinations? And also provide set files for those combinations providing different levels of risk? So you might have a EURGBP/EURCAD/EURJPY portfolio with three different set files producing, say, 15%, 30% and 60% rel dd over a 3-5 year backtest. Obviously the pairs would be chosen by you, the vendor, as a recommended "basket", for a particular reason. 

Or how about some specific, recommended pairs for trading individually? At the moment it seems you're suggesting caterpillar could be traded on, literally, tens of pairs - but do you not have a preference?

At the moment - and I say this as a potential user of the ea who is currently sitting on the sidelines - I feel there needs to be more guidance as to how to get the best results of what, potentially, looks like a great ea.

In addition, having read the manual the risk settings are IMHO extremely confusing.  I literally have no idea how i would increase the risk if I wanted to on the example portfolio I mention above, if I wanted to produce a target monthly return or dd level.

Thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 29, 2012, 05:03:14 PM
It all sounds interesting but, I must say, as a potential user of caterpillar I am completely bewildered about which pairs I would/should use and what kind of results I would get with those particular pairs. There seems to be no rhyme or reason...

Would it not make sense to put together some vendor recommended portfolios and backtest those specific combinations? And also provide set files for those combinations providing different levels of risk? So you might have a EURGBP/EURCAD/EURJPY portfolio with three different set files producing, say, 15%, 30% and 60% rel dd over a 3-5 year backtest. Obviously the pairs would be chosen by you, the vendor, as a recommended "basket", for a particular reason. 

Or how about some specific, recommended pairs for trading individually? At the moment it seems you're suggesting caterpillar could be traded on, literally, tens of pairs - but do you not have a preference?

At the moment - and I say this as a potential user of the ea who is currently sitting on the sidelines - I feel there needs to be more guidance as to how to get the best results of what, potentially, looks like a great ea.

In addition, having read the manual the risk settings are IMHO extremely confusing.  I literally have no idea how i would increase the risk if I wanted to on the example portfolio I mention above, if I wanted to produce a target monthly return or dd level.

Thanks!

Hello e1vis and thank you for your comments. At the moment we are busy moving all our brokers from our two live servers to one new one for tomorrow night.

Rather than answer your queries in haste, I'll make sure our server move is looking good and then take time to consider your points and provide an answer tomorrow.

All I can say now is that our backtests were produced when we intended to use Caterpillar in a "normal" way. We then realised a new approach to risk and return would produce better and safer results.

We are running live on as many pairs as we think reasonable, selecting the broker for each pair according to tests, spreads etc. This is with the aim of finding out how Caterpillar runs on all these pairs in real life which I think will provide much more useful information to members as the weeks go on. The pairs we are running are not because we recommend them but because we need real life information as well as backtests.

Caterpillar is new, with just one month or so of live running and we are all learning as we go. More tomorrow.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 30, 2012, 10:01:37 AM
The latest member update is now available from the member site.

This includes the latest EZE058.DLL which should be downloaded and installed immediately.

If you have any problems with this download or the updated content, please submit a support ticket in the usual way.

From today, all our live accounts are running on the long awaited new server. This will enable us to use our old servers for more backtesting. About time too.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 30, 2012, 02:39:56 PM
It all sounds interesting but, I must say, as a potential user of caterpillar I am completely bewildered about which pairs I would/should use and what kind of results I would get with those particular pairs. There seems to be no rhyme or reason...

Would it not make sense to put together some vendor recommended portfolios and backtest those specific combinations? And also provide set files for those combinations providing different levels of risk? So you might have a EURGBP/EURCAD/EURJPY portfolio with three different set files producing, say, 15%, 30% and 60% rel dd over a 3-5 year backtest. Obviously the pairs would be chosen by you, the vendor, as a recommended "basket", for a particular reason. 

Or how about some specific, recommended pairs for trading individually? At the moment it seems you're suggesting caterpillar could be traded on, literally, tens of pairs - but do you not have a preference?

At the moment - and I say this as a potential user of the ea who is currently sitting on the sidelines - I feel there needs to be more guidance as to how to get the best results of what, potentially, looks like a great ea.

In addition, having read the manual the risk settings are IMHO extremely confusing.  I literally have no idea how i would increase the risk if I wanted to on the example portfolio I mention above, if I wanted to produce a target monthly return or dd level.

Thanks!

Hello e1vis and thank you for your comments. At the moment we are busy moving all our brokers from our two live servers to one new one for tomorrow night.

Rather than answer your queries in haste, I'll make sure our server move is looking good and then take time to consider your points and provide an answer tomorrow.

All I can say now is that our backtests were produced when we intended to use Caterpillar in a "normal" way. We then realised a new approach to risk and return would produce better and safer results.

We are running live on as many pairs as we think reasonable, selecting the broker for each pair according to tests, spreads etc. This is with the aim of finding out how Caterpillar runs on all these pairs in real life which I think will provide much more useful information to members as the weeks go on. The pairs we are running are not because we recommend them but because we need real life information as well as backtests.

Caterpillar is new, with just one month or so of live running and we are all learning as we go. More tomorrow.

e1vis. Now our new server is ready for the new week, I'd like to answer your points as best I can.

We think that with the right settings, Caterpillar can run successfully on almost all pairs. But obviously some pairs have performed better than others on the three year backtests we have run. So to find those pairs which may be the best performers, the backtests have to be compared. Having said that, there is no guarantee that those pairs will perform the best in the future. Caterpillar is a price following EA and therefore its performance on any given pair will depend entirely on the type and scope of price movements as they happen.

Due to its hedging characteristics, Caterpillar should perform better on a ranging pair than on a trending pair providing there is a reasonable amount of inter-range movement. So a ranging pair should be able to be run at higher risk and should therefore make more profit over a period.

When considering multiple pairs in one account, I think the overriding consideration should be correlation. The three pairs in your example are all EUR based so large, unexpected movements in the Euro could result in considerable drawdowns which would need additional funding or hedging. There are a number of currency pair correlation tables available on the web which would provide information about which pairs to load into one account. But please bear in mind that we recommend running at standard risk which is one pair per account.

We are using multiple pairs on some accounts due to the broker facilities. Those brokers enabling instant transfer between accounts are our favourite as we can run (say) 4 pairs on each of a number of accounts, keeping a "slush fund" in a separate account to hold planned withdrawals and the occasional re-fund to any accounts that need it. We regard this type of operation as high risk because you need to keep an eye on these accounts to check progress and drawdown.

The other factor in deciding placement of pairs with a broker is the spread and slippage. We show members a chart of cent brokers with a number of relevant details to help make these decisions.

Caterpillar has very few settings and we have provided set files for a lot of the traded pairs to make things simpler. These settings are the result of numerous backtests and we recommend they are left "as is". The Caterpillar operations manual does explain all these settings in some detail and provides additional guidance in controlling risk, taking and protecting profits and running multiple Caterpillars on one account so I am sorry if this level of detail has left you confused. When we release Caterpillar V3 we'll try to provide some worked examples.

We are very excited about Caterpillar and are continuing to invest more funds in both its development and use. At the moment we are running ten year backtests on EURUSD which is one of the more unlikely pairs for Caterpillar so we can show how to deal with the long trends and still make steady profits.

Although we have aimed Caterpillar at "small value" traders with $100 deposits in cent accounts, Caterpillar scales up very well and on larger amounts the money management enables better use of the drawdown eater component to raise profits further.

We have nothing to hide about Caterpillar performance although you will have to excuse us for being rather reticent about how that performance is achieved. We intend to show more live accounts on myfxbook as profits build. Our live accounts have small deposits but there are a lot of them so we are demonstrably putting our money on the viability of our work. Not too may EA sellers can say the same.


Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on September 30, 2012, 03:09:21 PM
999cjb, how many pairs you are advising your members to run? I saw you have more than 15pairs on your backtest page. It would be great if you have an optimized portfolio for trade which I think is a must.

And also, says I want to try Caterpillar with $500, what's my expected monthly returns?  And again, how many pairs and DDI?

What features that Caterpillar has for manual intervention when needed?

TIA!

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 30, 2012, 04:07:34 PM
999cjb, how many pairs you are advising your members to run? I saw you have more than 15pairs on your backtest page. It would be great if you have an optimized portfolio for trade which I think is a must.

And also, says I want to try Caterpillar with $500, what's my expected monthly returns?  And again, how many pairs and DDI?

What features that Caterpillar has for manual intervention when needed?

TIA!

All the pairs on our backtests run for 3 years and make profits without requiring any additional funds. So our recommendation at standard risk is to have 5 accounts each with $100. One is designated as the slush fund while the other four each run one pair with as low a correlation as possible to the other pairs. You could put all four pairs on one account with $400 and have the $100 spare in a second account. This is more risky as the total drawdown could be higher. If you had another $500 you should do the same but with a different broker.

All the set files are optimised for the pair they represent and we would not recommend changing the settings at this time.

I think you could look at around $30 to $50 monthly return but, frankly, we don't know. That's why we are running all these pairs live. Of course, we'll be happy with the profits as well  :)

Remember that our live accounts have only been running for a month but at the moment we can see the performance is very adjacent to that seen in the backtests. The best advice I can give is to spread your risk as much as possible, use ranging pairs in preference to trending pairs and keep watching our Caterpillar live myfxbook information. The next two months should be very informative.
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on September 30, 2012, 04:43:50 PM
What happened to this pair?

http://www.forexcaterpillar.com/files/CatGBPCHF.gif

and, what are the range pairs besides the Loonie?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 30, 2012, 08:04:16 PM
What happened to this pair?

http://www.forexcaterpillar.com/files/CatGBPCHF.gif

and, what are the range pairs besides the Loonie?

This is an example of what happens when the strategy tester runs out of puff. It was meant to go on to January 2012 but gave up in August 2011. No idea why as there was plenty of data there, over $30k in the pot and the price had almost reached bottom at 1.17. Members can see the full backtest details. Due to the need to set up our new live server we have not been able to run further backtests on this pair but all being well we should be able to start backtesting again this week.

In fact, GBPCHF would not be one of our favourite pairs in any case. In July 2007 the price was 2.4960. This had declined to around 1.13 in August 2011, a drop of 13,000 pips. Even so, Caterpillar could have survived this with a couple of capital injections or a hedge and would have recovered it all by now as the price is back above 1.51.

Ranging pairs for Caterpillar (as far as we can tell at the moment) are AUDCAD, USDJPY, EURGBP, AUDCHF & EURCAD. We don't think USDCAD is the best pair to run, but, in line with our aims we carried on the existing USDCAD trades from EZE057 grid, EZE057 mart and Fun$50. With the same magic numbers used, Caterpillar picked up all the outstanding trades and is working to eliminate the drawdowns.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on September 30, 2012, 08:23:53 PM
Which pairs does Forex Caterpillar work best on?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on September 30, 2012, 08:45:03 PM
Which pairs does Forex Caterpillar work best on?

It's very hard to tell at the moment. Our backtests were run using Caterpillar V1 based on retaining money in the account for 3 years. So I could simply point to the pairs with the highest terminal values but this wouldn't necessarily give the answer.

We are now running live on Caterpillar V2 which has a "choker" to restrict the money management, various bug fixes and a different strategy altogether. But we have only been doing this for a month so it's too early to tell.

One of the problems of being "spoilt for choice" with pairs is choosing which ones to use. As time goes on, the answer should become clearer.

Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 03, 2012, 01:41:26 AM
Hi,

I haven't had a trade on EZE057 since 9/17 (two weeks). Caterpillar is trading like crazy on multiple pairs...

What's wrong?

https://www.myfxbook.com/portfolio/eze057-fxdd-demo/382199
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 03, 2012, 06:54:37 AM
Hi,

I haven't had a trade on EZE057 since 9/17 (two weeks). Caterpillar is trading like crazy on multiple pairs...

What's wrong?

https://www.myfxbook.com/portfolio/eze057-fxdd-demo/382199

There's nothing wrong. Caterpillar will always trade as it follows the price. If the price moves, so does Caterpillar.

EZE057 modules 1 and 2 trade with the trend. Although module 2 looks for a shorter term trend than module 1, 17th September marked the end of a good upward trend. Since then, the trend has flattened out. This makes trading with any trend following EA dangerous. Look at the EURUSD H4 chart and load a 60 period moving average. You will see what I mean.

Module 2 will wait for a trend to build before trading again. If you check our live results on the member site you will see we had no module 2 trades last week and are in the same position as you. Which is as it should be. I know it's frustrating but it's better than losing.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 03, 2012, 11:07:55 AM
Thought I'd provide a "heads up" on Caterpillar V3 to be released in a week or so.

1. There is a fix for brokers with starting lot sizes of 0.10 such as Insta Cent. Although Cat basically works on this type of account, when the Drawdown Eater engages it can generate invalid lot sizes.

2. Cat will now display warning messages when the account free margin drops below a safe limit.

3. We are experimenting with a Level Check option which may make Caterpillar safer to run at higher risk. But this will only be included if tests are satisfactory.

4. A new facility will allow emails to be sent every time a trade batch closes. When you have a large number of Cats running (as we do) it becomes difficult to track the progress of all of these. The email facility will allow us to check accounts more selectively. Members may also find this useful if they are away from home or using VPS services. Look forward to each new email and check your increased profit!

5. A new "Cat Life" user guide will be released which we hope will help new and existing members to get the most out of Caterpillar trading.

Our live Cats are still running to specification as you can see from our live myfxbook accounts. We just have one word of warning though:-

If you are running multiple Cats on one broker account, please check with your broker about the maximum number of concurrent trades they will allow on an account. Depending on the currency pairs used, on average one Cat pair can run up to 12 concurrent trades. So if your broker account maximum trades is 50, do not run more than 4 Cats at once. Exceeding these limits may mean multiple errors in your journal, lost trades and reduced profits.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 05, 2012, 05:33:42 PM
Looks like another really good week for us.  :)

We have decided to supply Cat Life in two parts, the first for non-members and the complete document for members. This will be released at the same time as Caterpillar V3. Cat Life part 1 tries to give traders an overview of the Caterpillar concept before any commitment is made. Part 2 is about how it works and how to use it properly.

Part 1 is not yet integrated with the website but here is a direct link:-

http://www.forexcaterpillar.com/CatLifePublic.pdf (http://www.forexcaterpillar.com/CatLifePublic.pdf)

We are upgrading all our live Cats to V3 from Sunday and are continuing to add more live pairs. If all goes well we'll release V3 to members at the end of next week.

As the EURUSD trend is slowly beginning to rise from the horizontal, we have taken a few small EZE057 trades. The first since mid September.

Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 12, 2012, 08:58:24 AM
Started with Cat 2 on the 20th of September. 12 pairs on a 1200 Dollar Cent-Account. The first two weeks almost nothing goin on there (lots of trades but almost no closed ones).

Since Oct 3rd things started moving and i made 1.16% in October till now. More important; It seems like the Cat is working pretty defensive so till now its an ea that you dont have to keep an eye on...

I would love to share myfxbook stats with you but i had plenty of shit goin on in that account i stated with Cat and i dont wanna confuse people. Attached is a screenshot with my customized stats from Sep. 20 till today. (please ignore the "this year" row cause it doesnt belong to the cat stats).

Cheers - Lars
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 12, 2012, 09:26:40 AM
Started with Cat 2 on the 20th of September. 12 pairs on a 1200 Dollar Cent-Account. The first two weeks almost nothing goin on there (lots of trades but almost no closed ones).

Since Oct 3rd things started moving and i made 1.16% in October till now. More important; It seems like the Cat is working pretty defensive so till now its an ea that you dont have to keep an eye on...

I would love to share myfxbook stats with you but i had plenty of shit goin on in that account i stated with Cat and i dont wanna confuse people. Attached is a screenshot with my customized stats from Sep. 20 till today. (please ignore the "this year" row cause it doesnt belong to the cat stats).

Cheers - Lars

Hello Lars. I think 12 pairs on one account may be a problem for you. Have you found out what is the maximum number of concurrent trades your broker will allow on one account? Some Cat pairs will average less than ten concurrent trades while others will average more. If your broker will allow 150 concurrent trades you will be ok. If it's 100 or (worse) 50 then you could have problems pretty soon. Rather than being forced to close out some pairs later on, a request to your broker to see if they can patch your account to accept more concurrent trades may be successful. Brokers can do all sorts of things if you ask them including changing your account balance on already running demo accounts.  :)

Caterpillar is always slow to start as it needs to build up a list of concurrent trades in order to start closing profit batches. But once it gets going there should be regular profits.

You should be able to share myfxbook stats if you use a custom start date. Put in the date you want to start and "pin" this to fix it. Then use the option to allow private viewings and publish that link.

Nice to see members posting here. Sometimes I feel I'm the only one with anything to say  8)
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 12, 2012, 09:49:49 AM
Managed it to pin the date - heres the link now;
http://www.myfxbook.com/members/LarsoFx/cat-v2-tradefort/351680

TradeFort got no restriction about the number of trades. (at least support said that  ;) )

btw. yesterday i decided to increase the risk a little bit but instead of changing the settings i just added 3 more pairs so im running on 15 pairs now.

I know that i am a bit underfunded. (150 Dollar) but the margin level looks quite okay (82000%). Will add money if necessary...
Title: Re: Easy Forex (ezefx.com)
Post by: eaonly on October 12, 2012, 07:29:02 PM
Nice to see members posting here. Sometimes I feel I'm the only one with anything to say  8)

It was, is and will always be the same in this niche. The over hyped EAs are viewed and commented hundreds of thousands of times. EAs that work in real life and make money are left aside. Nobody talks about them. Probably that is aslo because nobody has to many complains about them.

We felt the same long time ago. Since then, we quit posting regularily. At one certain moment there was a user saying on our thread that "empty vessels make more noise". Of course that user dissapeared from the forum long time ago.

Regards,
Catalin
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 12, 2012, 07:44:26 PM
I haven't had a trade in over a week with EZE057 (https://www.myfxbook.com/portfolio/eze057-fxdd-demo/382199) Thoughts?

Caterpillar has been running strong. It hit a major SL bucket on 10/10 but it is chugging along again (https://www.myfxbook.com/portfolio/caterpillar-fxdd-demo/382764)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 13, 2012, 08:32:15 AM
I haven't had a trade in over a week with EZE057 (https://www.myfxbook.com/portfolio/eze057-fxdd-demo/382199) Thoughts?

Caterpillar has been running strong. It hit a major SL bucket on 10/10 but it is chugging along again (https://www.myfxbook.com/portfolio/caterpillar-fxdd-demo/382764)

With EURUSD still running with no trend, EZE057v11 is not taking trades. Which is just as well really as trying to follow a trend when there isn't one is dangerous.

Members who are running with v09 settings will have experienced a stop loss from a trade taken last Friday. v11 avoided this trade as it was during the v11 weekend shutdown period.

I am very worried about your Caterpillar trading. You should not be getting those losses. Looking at your myfxbook stats, you seem to be running with non standard set files, have your FixedValue setting incorrect or are perhaps using duplicate magic numbers.

Of course, you are welcome to use whatever settings you like, but if the differences are not intentional, please check your set files against the ones we have provided and let me know if you have any problems.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 13, 2012, 06:30:04 PM
I am running Caterpillar on 5 M15 charts: EURUSD, USDCHF, GBPUSD, USDJPY, and USDCAD. I have loaded all of the set files for each chart as provided in the download. Each magic number is different.

The risk on each is set at 5 and the Fixed Value is set at 1000.

The starting balance on the demo account was $1000 USD.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 13, 2012, 08:17:09 PM
I am running Caterpillar on 5 M15 charts: EURUSD, USDCHF, GBPUSD, USDJPY, and USDCAD. I have loaded all of the set files for each chart as provided in the download. Each magic number is different.

The risk on each is set at 5 and the Fixed Value is set at 1000.

The starting balance on the demo account was $1000 USD.

That's your problem. The FixedValue needs to be set at 10,000 regardless of the account balance otherwise you will continue to get losing trades and will soon be in a large drawdown situation because your batches will close at a profit of 10 rather than 100. Sorry if this is difficult to follow at the moment.

You will see the logic behind this (I hope) tomorrow when we release Caterpillar V3 with more documentation.

I would suggest you upgrade tomorrow using the standard set file settings for the pairs you are running which all have a FixedValue of 10,000. I'll have more time tomorrow to discuss this with you if you'd like.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 13, 2012, 08:25:50 PM
Doesn't fixed value represent account balance? Why would I tell it I have an account balance of 10,000.

I will start a new demo if a new version is released. Will instructions be clearer to understand?
Title: Re: Easy Forex (ezefx.com)
Post by: 3827 on October 13, 2012, 08:54:30 PM
I can see some major hiccups which I can't find from the posted backtest results.



Caterpillar has been running strong. It hit a major SL bucket on 10/10 but it is chugging along again (https://www.myfxbook.com/portfolio/caterpillar-fxdd-demo/382764)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 13, 2012, 10:22:08 PM
Doesn't fixed value represent account balance? Why would I tell it I have an account balance of 10,000.

I will start a new demo if a new version is released. Will instructions be clearer to understand?

I'll try to explain this now. If I mess it up, it's because I'm tired. Well, any excuse is better than none  :)

Cat closes a trade batch at 1% of the account value. With an account of 10,000 this is a profit of 100.

If you introduce a second Cat on the account you should double the account size to 20,000. But when you do this, Cat will close batches with a profit of 200. Add a third Cat and 30,000 balance and Cat will try for a profit of 300. Etc. etc.

So we have the FixedValue setting to force Cat to close batches at 100 regardless of the actual account value. This feature is extremely useful in ensuring Cat works at its optimum capability and is described briefly in the Cat Ops Manual.

When you set FixedValue at 1,000, Cat closed batches at a profit of 10. This is so low that when you get some slippage you could lose all the profits. Also, when there is a trend of a reasonable size, Cat does not have enough reserves to cope and will lose.

As long as you stick to the FixedValue of 10000 and have an instant funds transfer facility, you can run with an actual balance of well below 10,000. We are using 5,000 on some accounts and it is quite possible to use less. But Cat must close its batches at 100 profit regardless.

Why not check out our myfxbook live accounts at
http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)
and click through to the actual result details. You will hopefully see what I mean.

Your next question is probably "why do we do it this way?". well, it is possible that you may want to close batches at a greater profit than 100 for some more difficult pairs or commodities and also if you want to run alternative risk settings and use the higher batch size to compensate more for long trends.

We have decided to release tomorrow come what may and I cannot guarantee that all our instructions will be crystal clear. But we do take on board all criticisms and if these are "only" about the documentation and not the EA performance we won't be too unhappy. Documentation can be fixed and improved fairly easily (I think!).

3827. I hope I have answered your comment as well. If not, let me know & I'll try again tomorrow.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 14, 2012, 03:28:06 AM
Why do you have so many different live accounts with only two pairs on each? Why not one account with Cat running on all pairs at once?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 14, 2012, 07:11:32 AM
Why do you have so many different live accounts with only two pairs on each? Why not one account with Cat running on all pairs at once?

This is like saying "why not have all your eggs in one basket?". Or wanting to put all your money with Bernard Madoff. S**t happens, they say and we don't want it happening to us. Or you.

Spreading your investments around a number of brokers and having separate accounts with instant money transfer facilities is the best way we know to survive  unexpected financial incidents.

For Cat, we believe that you need 10,000 cents ($100) one one account where 1 pip at base lot size equals one tenth of a cent. This gives Cat 100,000 pips to work with and we believe that this is our standard risk requirement. Profits are taken when 1,000 pips at base lot size is reached ($1).

If you want to use more money and higher lot sizes for each Cat, an example would be to use $1,000 in a cent account, set the risk so the base lot size is 0.10 and set FixedValue to 100,000.

We only recommend using more Cats in an account if you already have a spread of Cat investments across other brokers and accounts or recognise the "eggs in basket" risk and are prepared to take it.

We may well increase the number of Cats in some accounts from 2 to 4 and are already running 2 cats in accounts with just $50 (5,000 cents) capital. But we have the "slush funds" ready to increase funding where necessary.

Running a "Cattery" on one account may work well on demo but is likely to cause increased slippage and overload your MT4 at some point depending on your hardware and connections. We don't see the need to jeopardise our profits in this way if we don't have to.

Well, that's a long answer to a short question, isn't it.

I should add here that anyone running Caterpillar might like to compare their results with our live myfxbook results. If, for any pair, your results are completely different in terms of the profits made when each batch closes, please let us know.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 14, 2012, 08:41:46 AM
Caterpillar V3 has now been released.  :)

Please make sure you read all the documentation included in the zip file as well as in the Caterpillar tab on the webpage.

If you use the same magic numbers, you can substitute V3 for V2 in your live or demo accounts and it will pick up the existing trades tonight.

We have been running V3 live for a week now with no problems.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 15, 2012, 08:10:03 AM
I thought I'd show this myfxbook image from the account of one of our members which we are tracking. It is running multiple Cat pairs in the same account and is adequately funded for these.

This demonstrates perfectly what you can expect from Caterpillar when is is run properly at standard mode as we recommend.

I'm showing this just in case anyone thinks our own live accounts are faked.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 16, 2012, 09:47:36 AM
As Caterpillar is continuing to perform as expected and profits are continuing to steadily mount, we have this week added a new cent broker and increased our live Caterpillars by 11 to 35.

As these new accounts start to make profits, we'll add their myfxbook results to

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 16, 2012, 02:16:37 PM
I have a lot of open trades with v3, but no profits yet. Is this expected?

https://www.myfxbook.com/portfolio/caterpillar-v3-fxdd-demo/404603
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 16, 2012, 02:58:25 PM
I have a lot of open trades with v3, but no profits yet. Is this expected?

https://www.myfxbook.com/portfolio/caterpillar-v3-fxdd-demo/404603

Yes. When starting up, Caterpillar needs to build up a number of trades before it gets into its stride. Check you are using the standard set file for entry FixedValue of 10000.

On each Caterpillar chart, look for the display "Buys (or Sells) Target %. When this reaches 100, it engages the batch close routine. Batches may not close immediately but this will give you an idea of how close you are.

Batches close when the profit reaches 1% of your account balance (if FixedValue is zero) or 1% of the FixedValue. So you should get 100 on each close. Slippage will reduce this and sometimes increase it as well.

When the market is sluggish, Cat often needs more trades to close. But this morning things perked up and we closed 5 batches in less than 2 hours.

We have added two more broker accounts to our live trades on the website this afternoon.
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 16, 2012, 05:40:09 PM
Another 0.24% today. With almost no risk (till now  :P ) margin level >90000

Here are my stats (15 pairs on a real usd tradefort cent account)
http://www.myfxbook.com/members/LarsoFx/cat-v2-tradefort/351680
Title: Re: Easy Forex (ezefx.com)
Post by: robl45 on October 16, 2012, 06:29:56 PM
Does caterpillar have initial balance code?  And what balance does it need to trade in standard account with .01 lot minimum?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 16, 2012, 08:11:11 PM
Does caterpillar have initial balance code?  And what balance does it need to trade in standard account with .01 lot minimum?

Nice to see you here Rob. Hope you'll stay awhile.

To trade on one pair in standard mode (recommended) you need an account balance equivalent to 100,000 pips at your base lot size. So on most standard accounts this would be $10,000. Which is why we use cent accounts most of which require just $100.

We like to spread risk by running lots of different pairs on lots of cent accounts rather than putting the lot on one pair only.

Of course, for those who have a spare $50,000 say, standard accounts will be slightly more profitable due to lower spreads.

We use a FixedBalance setting because if you are going to run (say) five Cats in one account and have a deposit of 50,000 cents, this will cause Cat to close batches of trades when profits reaches 500 cents for each pair when we need it to be 100 cents.

You can use multiples if you set the parameters correctly. We are test running some pairs now with 20,000 and 50,000 balances per pair and using larger lot sizes.

We aim to top out our Cat population at 50 so we've another 15 Cats to load. After that, we'll be increasing lot sizes, balances etc. to grow the profits.

Of course, this is just our way of spreading our risk as far as possible which is what we recommend. It's not compulsory.
Title: Re: Easy Forex (ezefx.com)
Post by: robl45 on October 16, 2012, 09:45:12 PM
is fixed balance like initial balance where you specify the balance amount you want the EA to use and then all profit and losses are calculated and added and subtracted from that balance?  so with 20000 on a standard account with micro lots, you could run 2 pairs at most?

Does caterpillar have initial balance code?  And what balance does it need to trade in standard account with .01 lot minimum?

Nice to see you here Rob. Hope you'll stay awhile.

To trade on one pair in standard mode (recommended) you need an account balance equivalent to 100,000 pips at your base lot size. So on most standard accounts this would be $10,000. Which is why we use cent accounts most of which require just $100.

We like to spread risk by running lots of different pairs on lots of cent accounts rather than putting the lot on one pair only.

Of course, for those who have a spare $50,000 say, standard accounts will be slightly more profitable due to lower spreads.

We use a FixedBalance setting because if you are going to run (say) five Cats in one account and have a deposit of 50,000 cents, this will cause Cat to close batches of trades when profits reaches 500 cents for each pair when we need it to be 100 cents.

You can use multiples if you set the parameters correctly. We are test running some pairs now with 20,000 and 50,000 balances per pair and using larger lot sizes.

We aim to top out our Cat population at 50 so we've another 15 Cats to load. After that, we'll be increasing lot sizes, balances etc. to grow the profits.

Of course, this is just our way of spreading our risk as far as possible which is what we recommend. It's not compulsory.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 16, 2012, 10:28:42 PM
is fixed balance like initial balance where you specify the balance amount you want the EA to use and then all profit and losses are calculated and added and subtracted from that balance?  so with 20000 on a standard account with micro lots, you could run 2 pairs at most?

Does caterpillar have initial balance code?  And what balance does it need to trade in standard account with .01 lot minimum?

Nice to see you here Rob. Hope you'll stay awhile.

To trade on one pair in standard mode (recommended) you need an account balance equivalent to 100,000 pips at your base lot size. So on most standard accounts this would be $10,000. Which is why we use cent accounts most of which require just $100.

We like to spread risk by running lots of different pairs on lots of cent accounts rather than putting the lot on one pair only.

Of course, for those who have a spare $50,000 say, standard accounts will be slightly more profitable due to lower spreads.

We use a FixedBalance setting because if you are going to run (say) five Cats in one account and have a deposit of 50,000 cents, this will cause Cat to close batches of trades when profits reaches 500 cents for each pair when we need it to be 100 cents.

You can use multiples if you set the parameters correctly. We are test running some pairs now with 20,000 and 50,000 balances per pair and using larger lot sizes.

We aim to top out our Cat population at 50 so we've another 15 Cats to load. After that, we'll be increasing lot sizes, balances etc. to grow the profits.

Of course, this is just our way of spreading our risk as far as possible which is what we recommend. It's not compulsory.

That's correct. At standard risk.

But we don't use standard risk ourselves. We run some accounts with 2 pairs at 10,000 and some with 2 pairs at 5,000. We intend to add more pairs to existing acocunts as well until we reach our goal of 50 pairs. As long as the FixedBalance is 10,000 they run fine. But with the increased risk that at some stage we may need to add funds to some of the accounts.

We work out how much we would need to add by running backtests using 100,000 capital and FixedValue of 10,000. Then we study the results over 10 years and see how much more capital we would have needed and how long we would have needed it in for until we could withdraw it.

Using "loaded" cent accounts in this way, with a readily available "slush fund" of cash for use should the need arise, we are confident that we can ride out almost anything short of a major war.

On our member site we have a Broker Spreads chart of cent account brokers with (obviously) spreads and also other information such as whether instant transfers from account to account are possible.

Some pairs have historically needed additional funding at different times to others so the ability to move extra funds to where they are needed at the time is valuable.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 17, 2012, 03:23:15 PM
Caterpillar V03 running on 6 different pairs banked 5% in 2 days... Not too bad. Running 5% risk on demo account.

Actually, looks like just AUDCAD: https://www.myfxbook.com/portfolio/caterpillar-v3-fxdd-demo/404603
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 17, 2012, 04:00:47 PM
Caterpillar V03 running on 6 different pairs banked 5% in 2 days... Not too bad. Running 5% risk on demo account.

Actually, looks like just AUDCAD: https://www.myfxbook.com/portfolio/caterpillar-v3-fxdd-demo/404603

Glad you've got your first winning trade.

But if you were running in our recommended standard mode with 6 pairs you would need your account to have $60,000 balance, not $2000. Good job it's a demo account.  :)

There is, of course, nothing to stop anyone running Cat at whatever risk they please. We run at much higher risk than standard but have funds available to add if required. You can ask your broker to add funds to a demo account but frankly we'd like to see just how long Cat will last with 6 pairs on $2,000 before it blows up. So we'll be following your account with interest..

When it comes to running on a live account, we're always happy to advise on risks and capital required if needed.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 20, 2012, 11:45:25 AM
EAs sometimes have very silly names, don't they.

If you ever wondered how we cam to give Forex Caterpillar its name, the attached backtest may give you a clue.

But regardless of the name, Caterpillar is chewing into our brokers accounts and producing good regular profits.

Title: Re: Easy Forex (ezefx.com)
Post by: pmacel on October 21, 2012, 03:37:13 AM
So if you planning to have running about 50 CAT at 2% average profit per month each that would be 100% profit per month. The capital required would be $5000 ($100 per CAT). Is that correct?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 21, 2012, 08:59:05 AM
So if you planning to have running about 50 CAT at 2% average profit per month each that would be 100% profit per month. The capital required would be $5000 ($100 per CAT). Is that correct?

Yes, that is correct for running in Standard Mode and we consider this to be quite safe.

But, by using accounts where we can instantly transfer funds between accounts and (in some cases) transfer funds in and out of the broker instantly, there is no need to keep anything like that level of cover in each account.

From this week, we are running 3 Cats in one account, sometimes with a deposit of $50 per account. Should additional funds be required, they are seconds away. But being realistic, considerable price movements are required to put Cat into a heavy enough drawdown to require re-funding and this type of movement is likely to take weeks rather than seconds.

By coupling non-correlating pairs in one account, the effect of one pair being in deep drawdown is likely to be greatly minimised.

Look at one of our members accounts below:-

http://www.myfxbook.com/members/LarsoFx/cat-v2-tradefort/351680 (http://www.myfxbook.com/members/LarsoFx/cat-v2-tradefort/351680)

This account is running 15 pairs in Standard Mode although just a few percent short in capital. Although this is "less safe" in our opinion than running in separate accounts, the broker being used is able to move funds instantly should they ever be required.

The other point here is that at the moment the drawdown on this account is less than 1% so much of the capital invested here could easily be somewhere else either earning more money in other Cat accounts or earning the dismal interest paid by bank deposit accounts these days.

At the risk of boring you still further, I'm going to rattle on a bit more and say that if you want to put more funds into particular pairs, you can up the lot sizes, adjust the risk settings where necessary and make more money.

One of the very best things about Forex is that if you have the funds available you can add a zero to the right hand side of your figures and make ten times as much with no additional effort whatsoever. Great stuff.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 21, 2012, 01:00:55 PM
Our latest update to the member site is now live and shows last week's Caterpillar results. This has been our most profitable week for Caterpillar so far as we add more pairs and the existing pairs build up to batch profit closes.

We should mention here that not all cent brokers are the same. Our Broker Spreads chart on the member site lists all the cent brokers we know about and gives their characteristics. If you have any doubt about which cent brokers to use after reading this chart, please let us know before opening accounts.

We have no axe to grind here and make no money whatsoever from any of the brokers we name. We're just here to help.
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on October 21, 2012, 06:20:13 PM
So if you planning to have running about 50 CAT at 2% average profit per month each that would be 100% profit per month. The capital required would be $5000 ($100 per CAT). Is that correct?

You would be paying quite a lot in VPS fees for running 50 MT4's!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 21, 2012, 06:46:26 PM
So if you planning to have running about 50 CAT at 2% average profit per month each that would be 100% profit per month. The capital required would be $5000 ($100 per CAT). Is that correct?

You would be paying quite a lot in VPS fees for running 50 MT4's!

We run on our own server. Total RAM is about one third of our 16GB. CPU load using an Intel i7 averages less than 10%.

Of course, not everyone has their own server but we don't expect everyone to run 50 x MT4. We do it primarily to test as many brokers as possible and compare results regularly.
Title: Re: Easy Forex (ezefx.com)
Post by: alanhoo on October 21, 2012, 07:20:56 PM
So if you planning to have running about 50 CAT at 2% average profit per month each that would be 100% profit per month. The capital required would be $5000 ($100 per CAT). Is that correct?

This is at best incorrect or misleading.

2% Profit per CAT ($100) = $2

50 CAT per $100 = $5000 Capital

50 CAT at 2% per = $100 per month / $5000 Capital.

You don't make $5000 per month running 50 CAT. But of course, you can definitely make much more with that kind of Capital and increasing Risk per CAT.

Its a delicate balance between diversifying risk to 50 CAT and increasing RISK per CAT (Lesser CAT run on $5,000).

Hope that answers you.

BTW this CAT EA is pretty interesting in that its strategy is so simple yet kinda effective.
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 21, 2012, 08:46:11 PM
I´ve changed the risk from 5.0 to 10.0 on all pairs. I´m pretty sure that my account can handle it and if not - i´m in my office the whole week and able to add more funds if necessary...

...but if anything goes bad - keep in mind that i´m not running standard anymore.  ;)
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on October 22, 2012, 09:27:43 PM
          Went live Sunday with Caterpillar in a $350 account with 4 currency pairs.Slightly above standard risk of 1 pair per $100.

          No issues noted,on average I have about 24 trades open and had 2 batches close out for a 0.7% profit.
     
    Really pleased with it so far...
Question:
    1,) When and what criteria does the Drawdown eater kick in?
    2.) How does Cat deal with DD,what does it do differently to bring it out of DD?
  My DD is about 1.5% at this moment.
 
   
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 22, 2012, 10:15:21 PM
          Went live Sunday with Caterpillar in a $350 account with 4 currency pairs.Slightly above standard risk of 1 pair per $100.

          No issues noted,on average I have about 24 trades open and had 2 batches close out for a 0.7% profit.
     
    Really pleased with it so far...
Question:
    1,) When and what criteria does the Drawdown eater kick in?
    2.) How does Cat deal with DD,what does it do differently to bring it out of DD?
  My DD is about 1.5% at this moment.
 
   

Hello Nick

Glad to see your Cats have started OK.

The DDE starts when the drawdown of any one order exceeds 1% of the account balance. It then tries to take a slice of that losing trade each time it wants to close a profitable batch. So if the losing trade was lot size 0.03 the DDE would try to close 0.01 of that trade with the profitable trades, leaving 0.02 lot size running for next time.

Regards
ExeFX Team
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 23, 2012, 12:08:21 PM
In the past we have said Caterpillar almost never loses. That statement may be wrong.

We investigated closely a number of backtests and homed in on the trade batches which recorded a loss. Look at the attached image of one of the backtests and particularly at ticket #24. This opened a buy at 1.2206 and closed it a few weeks later at 1.2232, a gain of 26 pips. Yet the backtester records a loss which is clearly wrong. The broker has no commissions or swaps to cloud the issue either.

As we have never recorded a Caterpillar batch loss in live trading and the backtests we have seen are obviously incorrect, I am prepared to say that Cat never loses. Until I am proved wrong, of course.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on October 23, 2012, 06:57:15 PM
In the past we have said Caterpillar almost never loses. That statement may be wrong.

We investigated closely a number of backtests and homed in on the trade batches which recorded a loss. Look at the attached image of one of the backtests and particularly at ticket #24. This opened a buy at 1.2206 and closed it a few weeks later at 1.2232, a gain of 26 pips. Yet the backtester records a loss which is clearly wrong. The broker has no commissions or swaps to cloud the issue either.

As we have never recorded a Caterpillar batch loss in live trading and the backtests we have seen are obviously incorrect, I am prepared to say that Cat never loses. Until I am proved wrong, of course.  8)



     Now up 2.5% with a current DD of 3%
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 25, 2012, 12:24:33 PM
As our Caterpillar population continues to increase, the number of Cats reaching profit generation point is also increasing rapidly. This week so far we have closed 30 profitable batches, guaranteeing this will be our best Cat week yet.

Today we have opened our first Cat account with XE Markets. This completes our Cat broker lineup which now comprises eleven brokers each capable of allowing you to run Cat with a deposit of just $100.

The full list can be found on our Broker Spreads chart in the members area. When selecting a Cat broker, please check this chart carefully and in particular read any notes pertaining to each broker as our comments could influence your decision.

Cat brokers call themselves, Cent, Micro, Nano and various other names and the information they provide is very difficult to understand. By running accounts with all these brokers we have done all the hard work for you so please make sure you read our charts.

We have 44 live Cats running now and will up this to 50 in the next week or so. Then, after checking our Live Results chart which we update on the members site each week, we'll start increasing our trading lots.

So far, our predictions of 30% to 90% annual profitability for each currency pair run by a Cat are proving to be accurate. That's at standard risk which is pretty conservative.

You can see our live results at

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

we'll be adding more accounts to this list as soon as we are able.
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 25, 2012, 12:41:36 PM
i agree. My 15 pairs are running very good as well;
http://www.myfxbook.com/members/LarsoFx/cat-v3-tradefort/351680

2,5% in October till now. Max dd 1,1%. Almost a bit too boring...

...but i doubled the risk and i think those changes need some time (good still plenty of old trades running) But if the cat is able to keep that level i would love to have 25% in a month with a max DD of 11%... But i am not crazy enough to try it... at least not now  :P ;D
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 25, 2012, 12:47:40 PM
i agree. My 15 pairs are running very good as well;
http://www.myfxbook.com/members/LarsoFx/cat-v3-tradefort/351680

2,5% in October till now. Max dd 1,1%. Almost a bit too boring...

...but i doubled the risk and i think those changes need some time (good still plenty of old trades running) But if the cat is able to keep that level i would love to have 25% in a month with a max DD of 11%... But i am not crazy enough to try it... at least not now  :P ;D

Very sensible Lars. By the way, your 2.5% is now 2.76%  :)

There is another thread in this forum where the competition winner lost 34% and the loser lost 99%.

IMO losing 1% is a disaster whether a competition is won or not.
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 25, 2012, 12:59:59 PM
i agree. My 15 pairs are running very good as well;
http://www.myfxbook.com/members/LarsoFx/cat-v3-tradefort/351680

2,5% in October till now. Max dd 1,1%. Almost a bit too boring...

...but i doubled the risk and i think those changes need some time (good still plenty of old trades running) But if the cat is able to keep that level i would love to have 25% in a month with a max DD of 11%... But i am not crazy enough to try it... at least not now  :P ;D

Very sensible Lars. By the way, your 2.5% is now 2.76%  :)

There is another thread in this forum where the competition winner lost 34% and the loser lost 99%.

IMO losing 1% is a disaster whether a competition is won or not.

2.76 is it in total (since the 26th of Sep  ;) ) but you are right better save than sorry...

Heard about that envy competition but it was over way to fast... Anyway dreaming must be allowed... sooner or later i will get my 25%... or blow a (fun) account ;)
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on October 25, 2012, 01:08:29 PM
Running a VERY high risk CAT account with $100 and 4 pairs!!

http://www.myfxbook.com/members/FXJester/cat1/402945

Lets see what happens - I understand its heavily overtrading.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 25, 2012, 02:02:19 PM
Running a VERY high risk CAT account with $100 and 4 pairs!!

http://www.myfxbook.com/members/FXJester/cat1/402945

Lets see what happens - I understand its heavily overtrading.

Judging by some other threads and myfxbook accounts, I think my idea of overtrading is most other people's idea of undertrading. But we are running up to 3 pairs on some accounts now, knowing we can add funds if it should ever be required.

At my age I'm definitely a tortoise rather than a hare.  :(
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 25, 2012, 02:36:49 PM
I'm running CatV3 on a demo account with 6 pairs I think for about a week or so. Only AUDCAD trades have closed, the rest are all open.

https://www.myfxbook.com/portfolio/caterpillar-v3-fxdd-demo/406291

Thoughts on which pairs have been most successful? Are people using the included SET files for those pairs or making custom changes?

I'd like to put CatV3 on a live account soon with just a few pairs to see how its going.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 25, 2012, 02:52:52 PM
I'm running CatV3 on a demo account with 6 pairs I think for about a week or so. Only AUDCAD trades have closed, the rest are all open.

https://www.myfxbook.com/portfolio/caterpillar-v3-fxdd-demo/406291

Thoughts on which pairs have been most successful? Are people using the included SET files for those pairs or making custom changes?

I'd like to put CatV3 on a live account soon with just a few pairs to see how its going.

Cat takes a week or two to build up a number of trades before it starts closing profit batches. So your demo is doing fine.

The Caterpillar Live Results chart in the members area shows the best performing pairs so far at the top, then the rest in descending order. But with only seven weeks results so far, it's hard to tell if the leader board will stay that way.

I would recommend using the standard set files. But I was reminded earlier that when we released V3 we didn't add the new pairs we were trading. So here's part of our reply which may help if more pairs are needed.

You can use the settings we use by referring to the Caterpillar Live Results chart. If you look under the Settings column you will see we have settings such as 5-2-3-5 for NZDUSD. These refer to Gap. GapFactor, FactorStart and Risk. On the Broker Spreads chart, just above the row containing each currency pair, we show a number. So NZDUSD is 22. We use this to differentiate the magic numbers so we use 59022 for NZDUSD. You can of course use any number for each pair as long as it is unique for your broker account.
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on October 25, 2012, 03:19:39 PM
Running a VERY high risk CAT account with $100 and 4 pairs!!

http://www.myfxbook.com/members/FXJester/cat1/402945

Lets see what happens - I understand its heavily overtrading.

Just to add - this is a TradeFort Flex cent variable spread account.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 26, 2012, 10:41:50 AM
From today we are showing 16 live myfxbook accounts on the Cat website.

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on October 26, 2012, 10:45:52 AM
Running a VERY high risk CAT account with $100 and 4 pairs!!

http://www.myfxbook.com/members/FXJester/cat1/402945

Lets see what happens - I understand its heavily overtrading.

Just to add - this is a TradeFort Flex cent variable spread account.

BTW - there are a few manual closed trades in there when I was deciding which pairs to use.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 26, 2012, 12:27:06 PM
We must apologise for an error on our Broker Spreads chart and misleading information given to members about Roboforex.

Their cent account requires ten times the funding that we first thought. So please do not use this broker for Caterpillar unless you are first aware of this fact and are prepared for the higher investment to gain higher rewards.

our own Roboforex accounts are under review at the moment while we decide whether to apply the necessary funds for them to continue running or not.

We apologise to any member affected by this situation.
Title: Re: Easy Forex (ezefx.com)
Post by: nwboater on October 26, 2012, 02:14:10 PM

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

Am I also understanding there to be 58% drawdown?

Thanks,
Rod
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 26, 2012, 03:28:06 PM

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

Am I also understanding there to be 58% drawdown?

Thanks,
Rod

Between 18th March and 30th March 2009 the price moved by 900 pips. This was how long the drawdown lasted. The idea of having sufficient funds in an account is to cater for drawdowns when they come.

You can, of course,  run just EAs which only ever have (say) 1% drawdown. In that case, what is the point of having 98% of your funds invested in that account? 

As a grid trader, Caterpillar needs drawdowns to operate properly. I realise this is hard to understand but it works.
Title: Re: Easy Forex (ezefx.com)
Post by: fx.mstr on October 26, 2012, 03:36:01 PM

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

Am I also understanding there to be 58% drawdown?

Thanks,
Rod

Between 18th March and 30th March 2009 the price moved by 900 pips. This was how long the drawdown lasted. The idea of having sufficient funds in an account is to cater for drawdowns when they come.

You can, of course,  run just EAs which only ever have (say) 1% drawdown. In that case, what is the point of having 98% of your funds invested in that account? 

As a grid trader, Caterpillar needs drawdowns to operate properly. I realise this is hard to understand but it works.

Yes, but this 58% DD can easily grow to 80 or even 100%, and your account is dead.

This EA works like many other grid/martingale EA. It's able to make nice profit when the conditions are good for it, than you wake up one day and the margin call is waiting for you.

I don't say don't use it, but one has to be aware both of the up- and downside of these kind of systems before put in on a live account.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 26, 2012, 03:57:25 PM

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

Am I also understanding there to be 58% drawdown?

Thanks,
Rod

Between 18th March and 30th March 2009 the price moved by 900 pips. This was how long the drawdown lasted. The idea of having sufficient funds in an account is to cater for drawdowns when they come.

You can, of course,  run just EAs which only ever have (say) 1% drawdown. In that case, what is the point of having 98% of your funds invested in that account? 

As a grid trader, Caterpillar needs drawdowns to operate properly. I realise this is hard to understand but it works.

Yes, but this 58% DD can easily grow to 80 or even 100%, and your account is dead.

This EA works like many other grid/martingale EA. It's able to make nice profit when the conditions are good for it, than you wake up one day and the margin call is waiting for you.

I don't say don't use it, but one has to be aware both of the up- and downside of these kind of systems before put in on a live account.

We are very careful to emphasise a number of facts to members before they run Caterpillar.
1. All our standard pairs have run for 3 years on backtest through very difficult market conditions without blowing an account. Our settings are very conservative.
2. We have a number of facilities built into the EA to enable it to withstand price movements of over 1,000 pips without a blowup.
3. We recommend the use of certain cent brokers where you can run Cat with just $100 deposit and where instant funds transfer from account to account is in operation. If prices move so that a large drawdown builds, funds can be added to the account from other accounts which are not in drawdown or re-funding can be quickly accomplished. There are also a number of other alternatives available.
4. The Cat settings can be adjusted so that it can withstand price movements of 2,000 or 10,000 pips if necessary. It is very flexible.

We aim to run all our cats for income rather than growth until the entire account deposits have been withdrawn. Then the choice can be made either to continue running for income or move to growth and the chances of a "lottery win". But by then, if an account blows it won't matter.

Personally, I'll take this strategy any day over stop loss after stop loss.
Title: Re: Easy Forex (ezefx.com)
Post by: nwboater on October 26, 2012, 04:46:31 PM

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

Am I also understanding there to be 58% drawdown?

Thanks,
Rod

Between 18th March and 30th March 2009 the price moved by 900 pips. This was how long the drawdown lasted. The idea of having sufficient funds in an account is to cater for drawdowns when they come.

You can, of course,  run just EAs which only ever have (say) 1% drawdown. In that case, what is the point of having 98% of your funds invested in that account? 

As a grid trader, Caterpillar needs drawdowns to operate properly. I realise this is hard to understand but it works.

Yes, but this 58% DD can easily grow to 80 or even 100%, and your account is dead.

This EA works like many other grid/martingale EA. It's able to make nice profit when the conditions are good for it, than you wake up one day and the margin call is waiting for you.

I don't say don't use it, but one has to be aware both of the up- and downside of these kind of systems before put in on a live account.

We are very careful to emphasise a number of facts to members before they run Caterpillar.
1. All our standard pairs have run for 3 years on backtest through very difficult market conditions without blowing an account. Our settings are very conservative.
2. We have a number of facilities built into the EA to enable it to withstand price movements of over 1,000 pips without a blowup.
3. We recommend the use of certain cent brokers where you can run Cat with just $100 deposit and where instant funds transfer from account to account is in operation. If prices move so that a large drawdown builds, funds can be added to the account from other accounts which are not in drawdown or re-funding can be quickly accomplished. There are also a number of other alternatives available.
4. The Cat settings can be adjusted so that it can withstand price movements of 2,000 or 10,000 pips if necessary. It is very flexible.

We aim to run all our cats for income rather than growth until the entire account deposits have been withdrawn. Then the choice can be made either to continue running for income or move to growth and the chances of a "lottery win". But by then, if an account blows it won't matter.

Personally, I'll take this strategy any day over stop loss after stop loss.

Thanks very much for your explanations. I think many of us are gun shy of grids after some of the Envy and others debacles.

It looks like you have a well thought out approach here and I wish you continued success.

Rod
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 26, 2012, 05:49:39 PM
I am running Cat since one month now (26th of sep till 26th of oct). Made 3,03% since then and the max DD was 1,18%.

I have doubled the risk and i am sure the the DD will increase soon and it won´t stay that save/boring. But either way it feels good to have a nice margin buffer for now  :P

http://www.myfxbook.com/members/LarsoFx/cat-v3-tradefort/351680
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 26, 2012, 05:54:54 PM
Hi LarsFX. What do you have your risk settings on?
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on October 26, 2012, 06:10:12 PM
Hi LarsFX. What do you have your risk settings on?
Changed the fixed value from 10000.0 to 20000.0 so new 0.01 trades will be opened with 0.02 lot size. But due to the fact that it takes some time to close a basket, i got still plenty of 0.01 trades and just a few bigger ones. So be careful - the new risk is not really in there yet.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 26, 2012, 06:15:03 PM
How does the Risk factor into the calculation? Is FixedValue more impactful than lowering the Risk value from 5 to 2.5 or so?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 26, 2012, 08:09:20 PM
At the moment it is difficult to understand how to scale up the lot sizes if you either want to use more money or take more risk.

We are looking at ways to simplify this for the next release. Sorry for any confusion.

Regarding our Roboforex accounts, we have closed all trades more or less at break even and closed the accounts. Roboforex have refunded our money very quickly. There is no problem with Roboforex except that, in common with Masterforex, SIG Trader and TFIFX, each pip is worth ten times as much as the other cent brokers so you need $1,000 for a Cat account at standard risk  instead of $100. We decided we could use the money more usefully in accounts with other brokers..

We may also be closing our new accounts with XE Markets due to their being very particular about the exact source of the funding. Again, this is not to say there is any problem with the broker at all.

So all in all we've had a busy couple of days! Glad it's the end of the week. Tomorrow we'll count the profits.  :) :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: sand2000 on October 27, 2012, 12:12:13 AM
Do you have any up-to-date backtest results with maximum drawdown for each pair? We have some tough market condition in past 3 months.

This EA is interesting but just like other grid/martingale EAs, I'm not sure if I can put some serious money in it. I haven't see any safe grid/martingale EA but I love to find out one.




From today we are showing 16 live myfxbook accounts on the Cat website.

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 27, 2012, 08:11:12 AM
Do you have any up-to-date backtest results with maximum drawdown for each pair? We have some tough market condition in past 3 months.

This EA is interesting but just like other grid/martingale EAs, I'm not sure if I can put some serious money in it. I haven't see any safe grid/martingale EA but I love to find out one.




From today we are showing 16 live myfxbook accounts on the Cat website.

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

We have live results for up to two months using 40 pairs on the member website.

From these I can tell you that the ten pairs we started with two months ago are averaging a 41% annual gain. Two more pairs are averaging over 90% annual gain after just six weeks. The average annual gain over all 40 pairs including 9 recent pairs which have not yet closed a batch is 31%.

Running briefly through the live brokers, no drawdown is greater than 4%. Many accounts are running current profit balances which is a new experience for me with EAs.  :) I have no idea where myfxbook get their drawdown figures from. Perhaps they are the maximum drawdown at one moment in time across the EA active trading period. Or (I haven't checked) the low broker drawdown may be masking one pair in profit and another in drawdown. But these are the facts as at this weekend.

If you still want me to do some recent backtests, give me one or two pairs and I'll do them this weekend if I can.



Title: Re: Easy Forex (ezefx.com)
Post by: XOden on October 27, 2012, 08:24:55 AM
Are these live results or backtests we're talking about?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 27, 2012, 08:40:57 AM
Are these live results or backtests we're talking about?

My stats are of live results on live accounts. No demos or fudging.
Title: Re: Easy Forex (ezefx.com)
Post by: sand2000 on October 27, 2012, 11:33:45 AM
1. Can you do some backtests from January 2000 to October 2012 on GU, GJ and EURAUD? I believe these 3 simple backtests with info such as Maximum Drawdown and Maximum Lot Size will be very helpful to everyone including me. Of course, I am assuming you will use your current set file to run those tests.

2. I have a huge interest with your EA as you mentioned about withdrawing the profit out on constant basis but you also talk about 're-funding' the account when margin call is hit. Many similiar EAs out there don't ever care to save an account, the vendors will just let it blown (I believe no example is needed here). I really want to dig into this area and it would be very great if you can talk about the size of 're-funding' capital and how you handle this in past 10 years with some examples on 2-3 pairs. I see you have your accounts opened with $100 each in it but I am curious if margin call is hit, how you will determine if just another $100 will be enough to save an account from blown (Thus making it $200 to trade 1 account). You must agree that we can't just pumping $100 again and again to save an account. Yes, $100 or $200 is gamble size money but we are talking about 15+ forex pairs and I believe you don't want your clients treat your EA as a gamble EA. I believe if these sort of info is available in clear, some serious money will be used to trade your EA including mine.

 :)

Do you have any up-to-date backtest results with maximum drawdown for each pair? We have some tough market condition in past 3 months.

This EA is interesting but just like other grid/martingale EAs, I'm not sure if I can put some serious money in it. I haven't see any safe grid/martingale EA but I love to find out one.




From today we are showing 16 live myfxbook accounts on the Cat website.

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Using our standard set files, Caterpillar is able to provide a good steady income rather than the growth promised (but rarely delivered) by other EAs.

Here is an example. This is a backtest on EURUSD over three years from January 2009.

http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm (http://www.forexcaterpillar.com/bt/cat3eurusd10kIncome.htm)

You can see from this that at least 100% of your deposit could safely have been extracted each year.

We have live results for up to two months using 40 pairs on the member website.

From these I can tell you that the ten pairs we started with two months ago are averaging a 41% annual gain. Two more pairs are averaging over 90% annual gain after just six weeks. The average annual gain over all 40 pairs including 9 recent pairs which have not yet closed a batch is 31%.

Running briefly through the live brokers, no drawdown is greater than 4%. Many accounts are running current profit balances which is a new experience for me with EAs.  :) I have no idea where myfxbook get their drawdown figures from. Perhaps they are the maximum drawdown at one moment in time across the EA active trading period. Or (I haven't checked) the low broker drawdown may be masking one pair in profit and another in drawdown. But these are the facts as at this weekend.

If you still want me to do some recent backtests, give me one or two pairs and I'll do them this weekend if I can.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 27, 2012, 02:29:04 PM
1. Can you do some backtests from January 2000 to October 2012 on GU, GJ and EURAUD? I believe these 3 simple backtests with info such as Maximum Drawdown and Maximum Lot Size will be very helpful to everyone including me. Of course, I am assuming you will use your current set file to run those tests.

2. I have a huge interest with your EA as you mentioned about withdrawing the profit out on constant basis but you also talk about 're-funding' the account when margin call is hit. Many similiar EAs out there don't ever care to save an account, the vendors will just let it blown (I believe no example is needed here). I really want to dig into this area and it would be very great if you can talk about the size of 're-funding' capital and how you handle this in past 10 years with some examples on 2-3 pairs. I see you have your accounts opened with $100 each in it but I am curious if margin call is hit, how you will determine if just another $100 will be enough to save an account from blown (Thus making it $200 to trade 1 account). You must agree that we can't just pumping $100 again and again to save an account. Yes, $100 or $200 is gamble size money but we are talking about 15+ forex pairs and I believe you don't want your clients treat your EA as a gamble EA. I believe if these sort of info is available in clear, some serious money will be used to trade your EA including mine.

 :)


I'll get to work on the backtests later today. I may not have data going back that far for all the pairs but will see what I can do.

When we backtest Cat for income, we can use the standard set files but we set the initial deposit on the tester to 100,000 cents. This is the equivalent of ten times the amount we'd start with on a live account. The purpose of this is that we can then clearly see if and when re-funding is required, how much and for how long. For instance, if re-funding is required once for six months in a ten year backtest, that's a pretty good result because for the other nine and a half years you can use those funds for something else. It's like investing in a business. It may need a loan for a short while but if it keeps producing good returns, there's no problem. Some people treat Forex like a computer game and vendors seem to write EAs for this purpose. But this is real money we're talking about and a different approach is needed.

I'll use the existing set files but until now I have only tested them for three years. So we'll have to see what happens.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 28, 2012, 10:21:37 AM
On Friday I had a request for a more recent backtest than those provided so far which run for three years from January 2009. This was because "we have some tough market conditions in past 3 months".

I replied by saying we now have two months of live results, all very positive, on our member site and giving some examples. I also offered to do some recent backtests, thinking that perhaps I should run from January this year to now.

Yesterday, I had a reply asking me to do backtests for twelve years on three pairs, GBPUSD, GBPJPY and EURAUD. Not quite the same thing, is it? Very busy at the time, I said I would get started later in the day.

Last night, I checked the pairs requested. Interestingly, these are the pairs with the greatest price movement in the shortest time period. GBPJPY is the most extreme, with high to low being 13,430 pips. This huge movement was due to the major financial crisis in 2008.

My personal belief is that anyone who thinks the next twelve years will mirror the previous twelve should be busy with the front end loader digging a fallout shelter and ordering crateloads of tinned beans, not trading Forex. To help you, here is a web link

http://www.off-grid.net/ (http://www.off-grid.net/)

Caterpillar is not designed to run all pairs through a major financial crisis. It is designed for the busier, choppier and far more regulated financial scene of the future.

So I ran a ten year backtest using AUDCAD instead. This actually ran from April 2002 to November 2011 where it gave up. The backtest is here:-

http://www.forexcaterpillar.com/bt/CatAUDCADtenYear.htm (http://www.forexcaterpillar.com/bt/CatAUDCADtenYear.htm)

Just in case anyone thinks I closed the test because of something horrible happening after November 2011, here is another backtest covering September 2011 to October 2012.

http://www.forexcaterpillar.com/bt/CatAUDCADoneYear.htm (http://www.forexcaterpillar.com/bt/CatAUDCADoneYear.htm)

I have used Alpari UK for the tests because it has better (but not perfect) 90% history data than many others.

You will notice some periods in the chart where the profit curve dips. These are faults in the backtester as you will see if you examine the actual trades, so the net profit shown is actually quite a bit less than the real profit should be.

We started with 100,000 deposit because this is how we determine the re-funding requirement. Had we been able to do re-funding in the backtest it would have shown us that starting in April 2002 with 10,000, we would have needed a re-fund of 10,000 in January 2004 and another re-fund of 10,000 in October 2008. We could have withdrawn the last 10,000 in November 2008 and withdrawn the original 10,000 re-fund in April 2009.

So, over the ten year backtest we would have needed an investment of 20,000 for five years and 30,000 for one month. We estimate the profit over that period to actually be between 35,000 and 40,000.

Unlike the three pairs suggested, AUDCAD has a high to low of 3,600 pips over the ten year period. The settings we used for the backtest are identical to our live set files.

Anyone who thought Caterpillar was the holy grail and could survive anything is mistaken. Caterpillar V3 is an income producing EA which, if used sensibly, will do just that. We are now developing V4 which we hope will be even more resilient.

By the way, the latest stats are on the members website now. Cat has again had its best week so far.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 29, 2012, 02:59:59 AM
What is the suggestion for having a planned outage during trading hours? I am in Boston, MA. We are expecting to have severe power issues with Hurricane Sandy tomorrow through Tuesday. I was planning to shutdown my computer during this time for safety.

However, Caterpillar has about 10 trades currently open. What would be the best course of action here. Current DD% is about 1% with those trades.

Should I close them manually? Should I just close MT4 and leave them? Will Caterpillar pick them up as owned trades/buckets when MT4 restarts?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 29, 2012, 03:25:31 AM
What is the suggestion for having a planned outage during trading hours? I am in Boston, MA. We are expecting to have severe power issues with Hurricane Sandy tomorrow through Tuesday. I was planning to shutdown my computer during this time for safety.

However, Caterpillar has about 10 trades currently open. What would be the best course of action here. Current DD% is about 1% with those trades.

Should I close them manually? Should I just close MT4 and leave them? Will Caterpillar pick them up as owned trades/buckets when MT4 restarts?

I would be tempted to leave the trades open and shut MT4. When you restart, Cat will pick up the open trades and continue. You may miss out on one or more batch closes but, barring major price-moving news, that should be the extent of the damage.

Good luck with the weather  8)
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on October 29, 2012, 10:47:28 AM
What are the best brokers to use with Caterpillar? I have an account with pepperstone?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 29, 2012, 10:53:12 AM
What are the best brokers to use with Caterpillar? I have an account with pepperstone?

Hello Adam

Unless you are investing upwards of $10,000 you need a cent account. In the member website we have a list of these in our Broker Spreads chart.

Although there are 14 brokers in the list, only ten are suitable for an investment from $100. Some of these do not accept customers from various countries and some have our preferred option of instant funds transfer between accounts.

We have an internal member support ticketing system where you can ask specific questions and receive our recommended brokers depending on your location.

Hope to see you there  :)
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on October 29, 2012, 11:03:04 AM
Thanks CJ will see you there ;)
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on October 29, 2012, 07:46:15 PM
OK, up and running on two pairs for now.  EUR/USD and GBP/USD
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 30, 2012, 11:37:06 AM
This morning we have completed our intended lineup of 50 live Caterpillar EAs running on 19 live broker accounts.

You can check the progress of many of these with myfxbook at

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)


Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 31, 2012, 01:57:26 AM
What is the EURJPY set file settings? Wasn't included in my download.
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on October 31, 2012, 02:22:41 AM
What is the EURJPY set file settings? Wasn't included in my download.

5-2-6-5-10k
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 31, 2012, 01:09:44 PM
Which magic number should I select. don't want to choose one that might be used by Caterpillar in the future.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 31, 2012, 01:21:18 PM
Which magic number should I select. don't want to choose one that might be used by Caterpillar in the future.

You do not have to use the magic numbers in the set files. You can use any number you like as long as it is unique to that broker account for that pair.

But if you look at the Caterpillar Broker Spreads chart on the member site, in the row above the one containing the pairs, you will see that each pair has a number.  We use this number plus a prefix for each of our pairs. It's up to you and there are no other restrictions.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on October 31, 2012, 01:47:54 PM
Gotcha. I just want to be in sync. I've selected 12 fgor EURJPY
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on October 31, 2012, 02:15:51 PM
Gotcha. I just want to be in sync. I've selected 12 fgor EURJPY

Looks good to me  :)
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 03, 2012, 12:52:40 AM
Looks like the markets are starting to move again :)
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 03, 2012, 01:48:57 AM
Got some pretty big DD with CADJPY, but hoping for a turnaround soon. Caterpillar opened a lot of shorts and the price kept moving up
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 03, 2012, 07:08:25 AM
Got some pretty big DD with CADJPY, but hoping for a turnaround soon. Caterpillar opened a lot of shorts and the price kept moving up

I am surprised at this. We are running 4 x CADJPY and their drawdowns this weekend are 1.2%, 0.4%, 0.3% and 0.2%.

Three of these have been added fairly recently but the other has been running for two months and is 7% up.

If you are concerned that your results are very different from these, please PM me with details of your set files, open and closed trades etc. and your broker name.

Also, can you check that the magic numbers of all your CADJPY trades are the same.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 03, 2012, 04:14:11 PM
Attached are my open trades, as well as a screenshot of the .SET file.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 03, 2012, 04:28:51 PM
Attached are my open trades, as well as a screenshot of the .SET file.

Your FixedValue is set to 1,000. It should be 10,000. What is happening is that you will be taking many more trades at very small profits without letting them build up to be able to counteract the losing trades. This was one of the problems with the older versions such as Fun$50.

Profits should be 100.00 not 10.00 which you will be getting now.

Please let me know if you do not agree with this.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 03, 2012, 04:40:53 PM
So a fixed value of 10,000 will open fewer bigger trades, whereas 1,000 opens more smaller trades?

How does the Risk Factor come into effect here?

If I adjust the Fixed Value, how will the currently open trades react? Will EA continue to manage those and open new ones following the new setting?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 03, 2012, 05:09:15 PM
So a fixed value of 10,000 will open fewer bigger trades, whereas 1,000 opens more smaller trades?

How does the Risk Factor come into effect here?

If I adjust the Fixed Value, how will the currently open trades react? Will EA continue to manage those and open new ones following the new setting?

The FixedValue affects the closing of trades, not the opening. A larger FixedValue will wait until a higher profit level is reached before closing a batch of trades.


The Risk setting is only used if the FixedValue is zero. But Risk must never be set to zero as it inhibits some sections of code.

You can adjust the FixedValue and all trades will continue to be managed.

We know it is difficult at the moment to up the lot sizes using the current version. V4 will include the facility to specify the base lot size to be used. This will be essential for running multiple Cats on one broker account especially where each Cat is running at a different risk level. We will then be able to make FixedValue automatic if this does not impact flexibility.
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on November 06, 2012, 11:19:57 AM
Hello

This is my first post on donnaforex, I recently subscribed to ezefx and spent the last few weeks digesting the documentation.

I am looking to go live with Cat but am looking for some advise if possible.

Risk setting vs fixed value? I have read some of the posts but I still don't fully understand

Am I right in assuming that if I wish to use the risk setting the FV should be blank? I couldnt see a FV on the back tests.

if you have a FV and risk then risk setting does nothing?

FV only will keep level stakes

Time settings- are these important to Cat operation?

Sorry if I'm being a bit dense, FX is new to me.

Thanks in advance




Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 06, 2012, 01:55:15 PM
Hello

This is my first post on donnaforex, I recently subscribed to ezefx and spent the last few weeks digesting the documentation.

I am looking to go live with Cat but am looking for some advise if possible.

Risk setting vs fixed value? I have read some of the posts but I still don't fully understand

Am I right in assuming that if I wish to use the risk setting the FV should be blank? I couldnt see a FV on the back tests.

if you have a FV and risk then risk setting does nothing?

FV only will keep level stakes

Time settings- are these important to Cat operation?

Sorry if I'm being a bit dense, FX is new to me.

Thanks in advance

Sorry for the confusion. Most of the backtests were run on Caterpillar V1 where the user settings were different.

The Risk setting is ignored if the FixedValue is used. FixedValue makes Cat operate as if the value is the amount of money in the account so the lot sizes remain the same regardless of the actual account balance. This is very useful if you are running a lot of Cats in one account or running for income rather than growth.

If the FixedValue is zero, the risk setting is used so the lot sizes vary depending on the actual account balance.

Cat is not concerned with dates, times, news or holidays. It just keeps trading all the time.

Just ask if you need any more information.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 06, 2012, 02:01:14 PM
Why is it adviseable then to set FV to 10,000, rather than setting it to 0 and setting Risk at like 2%?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 06, 2012, 02:12:39 PM
Why is it adviseable then to set FV to 10,000, rather than setting it to 0 and setting Risk at like 2%?

You set FV to 10,000 because this fixes Cat's view of the account value as $100 (10,000 cents). Where 1 pip = one tenth of a cent, Cat works with a size of 100,000 pips. This is the ideal Cat profile. When you run with FV zero and use the Risk setting, the profile varies and Cat can be much more risky. You would need to do careful backtesting on all pairs with different settings before committing Cat to run live with this setup.

The problem at the moment is that it is difficult to scale up the lot sizes and maintain the profile. We are now testing an early version of Cat V4 which allows you to specify the base lot size. So if you want to run at (say) 6 times the risk, you can say so and all Cat's lot sizes will increase by a factor of 6, maintaining the ideal Cat profile. We hope to test this out next week, running some Cats on V4 with larger lot sets.
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on November 06, 2012, 03:31:51 PM
Ok Many Thanks

My intention was to run without the FV, just risk value of say 5. Never back tested before ;0)
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 06, 2012, 08:45:09 PM
hello ezefx.com familiy

I have subscribed today and I run Caterpillar with ALL 16 pairs on ONE Xemarkets cent account with 4000 USD, risk is set to 0,4%, so I get 0.04 lot sizes for the pairs traded.

Does this make any sense to you? I am just testing... on a LIVE account with 4000 USD...

Let me know your opinions

:)
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 06, 2012, 08:46:36 PM
@swissy Do you have a myfxbook link so we can track your stats.
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 06, 2012, 09:11:28 PM
heya

no I have not a myfxbook link  :-[
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 06, 2012, 10:18:21 PM
hello ezefx.com familiy

I have subscribed today and I run Caterpillar with ALL 16 pairs on ONE Xemarkets cent account with 4000 USD, risk is set to 0,4%, so I get 0.04 lot sizes for the pairs traded.

Does this make any sense to you? I am just testing... on a LIVE account with 4000 USD...

Let me know your opinions

:)

I think you should stick with the standard set files which have FixedValue set to 10,000. This will give you lot sizes scaled from 0.01. $4,000 is plenty for this setup to get you started and when we release V4 you will be able to scale this up properly, selecting the risk to run on each pair.

You should check with XE Markets whether they have any restrictions on the number of concurrent trades in their live cent accounts. Cat x 16 could be running upwards of 300 concurrent trades so if they have a limit of (say) 100 you will have problems.

It would be interesting for others to follow this setup on myfxbook. So if you need any help getting this running, let me know & I'll tell you what you need to do.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 06, 2012, 10:19:18 PM
Are you done/testing V4 already?
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on November 06, 2012, 11:59:57 PM
With   reference to the Lot size. I have and opened a instatrader cent account with $500. if I was to run one pair with standard set file, how to I understand the base lot size? does the balance amount affect the lots size or will it always be 0.01. sorry  :P
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 07, 2012, 12:13:53 AM
hello ezefx.com familiy

I have subscribed today and I run Caterpillar with ALL 16 pairs on ONE Xemarkets cent account with 4000 USD, risk is set to 0,4%, so I get 0.04 lot sizes for the pairs traded.

Does this make any sense to you? I am just testing... on a LIVE account with 4000 USD...

Let me know your opinions

:)

I think you should stick with the standard set files which have FixedValue set to 10,000. This will give you lot sizes scaled from 0.01. $4,000 is plenty for this setup to get you started and when we release V4 you will be able to scale this up properly, selecting the risk to run on each pair.

You should check with XE Markets whether they have any restrictions on the number of concurrent trades in their live cent accounts. Cat x 16 could be running upwards of 300 concurrent trades so if they have a limit of (say) 100 you will have problems.

It would be interesting for others to follow this setup on myfxbook. So if you need any help getting this running, let me know & I'll tell you what you need to do.

Hi spoke to XEMarkets support with regards to max open positions amount:


Jakob | 01:07
hi is there a MAXIMUM amount of open trades restriction, e.g. 100 open positions?
 
Luciano | 01:08
There is no Maximum open trades restriction Sir
The maximum is one trade in a micro account can have maximum 100 lots per trade
And in a standard account 20 lots per trade
 
Jakob | 01:10
ok thanks a lot for your info
 
01:10  Jakob  has closed the chat.
 
I will leave it at the moment with 0,4% risk and will think about mfxbook.

Best :-)
Jakob
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 07, 2012, 03:21:35 AM
Are you done/testing V4 already?

We have tested lot sizing on running for income. We may release this with a few other small mods rather than wait for a major upgrade which is proving difficult. But we'll test for at least another week first.
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 07, 2012, 11:36:54 AM
heya

I this alpari 2 live account with around 90% profit you show really using the newest Caterpillar EA or EZ057?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 07, 2012, 11:47:32 AM
heya

I this alpari 2 live account with around 90% profit you show really using the newest Caterpillar EA or EZ057?

This account is using a high risk version of EZE057. Caterpillar has a very smooth profit profile.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 08, 2012, 02:23:08 PM
Next week we are running some accounts live on Caterpillar V4B.

This has been designed as a "beginners" version of Caterpillar with fully automatic settings depending on which of the 23 available currency pairs are selected. Even the magic number is automatic although you can select your own if you wish. So no need for set files etc. in this easy to use version.

The only new feature is the base lot size multiplier which preserves Caterpillar's profit profile while enabling larger lot sizes to be used.

As the base lot size is increased, the drawdown eater becomes more efficient. In our tests this has produced up to 10% additional profit.

V04B does not have the incrementing money management facilities as it is designed for income generation. But V03 remains current and you should continue to run this if you are aiming for capital growth instead of income.

If our runs next week are satisfactory. V04B will be released on November 18th.

As expected, the presidential election produced a bundle of good profits for our Cats. So we expect to report another great trading week in our Sunday member update.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 08, 2012, 02:38:15 PM
Cool, looking forward to it...
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 08, 2012, 02:52:48 PM
Cool, looking forward to it...

Me too ;)
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on November 08, 2012, 03:27:10 PM
How about having a "pair array" in the parameters and coding the EA to work with those pairs from a single instance?  That way it would keep the clutter to a minimum.  Put the chart on a pair with a high tick rate (EURUSD) and it will work for all pairs selected.

Considering this EA is mainly about income, what income would you say is possible (monthly %), on default settings and funding?
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 08, 2012, 03:58:10 PM
Thats a really good idea?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 08, 2012, 03:58:56 PM
How about having a "pair array" in the parameters and coding the EA to work with those pairs from a single instance?  That way it would keep the clutter to a minimum.  Put the chart on a pair with a high tick rate (EURUSD) and it will work for all pairs selected.

Considering this EA is mainly about income, what income would you say is possible (monthly %), on default settings and funding?

We do have in mind running multiple pairs on one chart but this is in the bin until next year. Having the ability to scale up the base lot size and therefore multiplying winnings was considered more important especially as our tests indicated that not incrementing in line with our profile can be dangerous. We also need to improve the documentation as well as making running Cat easier for many members. So releasing this version now means less work for us as much less new documentation is needed.

Run in standard mode with one pair on one account we expect to average 30% to 90% annually so about 5% per month would be a good guess. But we only have one account which runs one pair. Most run 3 or 4 pairs. Using V04B from this weekend we are increasing risk further by upping the lot sizes. We are only doing this where we have immediate spare funds available if necessary.

Our average drawdown at the moment is less than one percent which is very nice but we know it won't last. Or perhaps it will? Who knows. Anyway, we are playing it safe.

On our live results page

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

I see that one of the accounts is making over 11% a month so that one is off to a flying start. Wish they were all that good  :)
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 08, 2012, 04:21:39 PM
Next week we are running some accounts live on Caterpillar V4B.

This has been designed as a "beginners" version of Caterpillar with fully automatic settings depending on which of the 23 available currency pairs are selected. Even the magic number is automatic although you can select your own if you wish. So no need for set files etc. in this easy to use version.

The only new feature is the base lot size multiplier which preserves Caterpillar's profit profile while enabling larger lot sizes to be used.

As the base lot size is increased, the drawdown eater becomes more efficient. In our tests this has produced up to 10% additional profit.

V04B does not have the incrementing money management facilities as it is designed for income generation. But V03 remains current and you should continue to run this if you are aiming for capital growth instead of income.

If our runs next week are satisfactory. V04B will be released on November 18th.

As expected, the presidential election produced a bundle of good profits for our Cats. So we expect to report another great trading week in our Sunday member update.

23 currency pairs? I am right that V3 trades on 16 currency pairs? I trade 16 currency pairs as I got set files for 16 currency pairs. Right?

Best,
Jakob
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 08, 2012, 05:19:41 PM
Next week we are running some accounts live on Caterpillar V4B.

This has been designed as a "beginners" version of Caterpillar with fully automatic settings depending on which of the 23 available currency pairs are selected. Even the magic number is automatic although you can select your own if you wish. So no need for set files etc. in this easy to use version.

The only new feature is the base lot size multiplier which preserves Caterpillar's profit profile while enabling larger lot sizes to be used.

As the base lot size is increased, the drawdown eater becomes more efficient. In our tests this has produced up to 10% additional profit.

V04B does not have the incrementing money management facilities as it is designed for income generation. But V03 remains current and you should continue to run this if you are aiming for capital growth instead of income.

If our runs next week are satisfactory. V04B will be released on November 18th.

As expected, the presidential election produced a bundle of good profits for our Cats. So we expect to report another great trading week in our Sunday member update.

23 currency pairs? I am right that V3 trades on 16 currency pairs? I trade 16 currency pairs as I got set files for 16 currency pairs. Right?

Best,
Jakob

Hello Jakob

V3 does trade on 23 pairs but we did not release the extra set files when we moved from V2 to V3. This will be fixed in V4.

Sorry if you wanted a pair and couldn't find it!
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on November 08, 2012, 06:43:01 PM
So how would I get 5% per month on $5K rather than $100 (with the new V4)?
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 08, 2012, 07:10:01 PM
Right now I'm having significant DD on EURJPY and CADJPY. Are you not experiencing the same?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 08, 2012, 07:38:42 PM
Right now I'm having significant DD on EURJPY and CADJPY. Are you not experiencing the same?

I have EURJPY accounts at 2% and 3%. One has just closed a profit batch.
All CADJPY accounts are at around 1%.

Can you PM me your set files for those two with your broker name?


Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 08, 2012, 07:45:44 PM
So how would I get 5% per month on $5K rather than $100 (with the new V4)?

V4 has a multiplier setting. On a true cent account you would set this to 50 for $5k. The base lot size would then be 0.50 instead of 0.01. But make sure your broker allows lot sizes of up to 40.50. At this level the drawdown eater will be very efficient.

Personally, I would split this amount into a number of accounts on more than one broker, selecting non correlating pairs to spread the risk.

Alternatively, you could run on a mini broker such as IBFX Australia or Roboforex where your multiplier would be 5 for one account.
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 08, 2012, 10:23:13 PM
Right now I'm having significant DD on EURJPY and CADJPY. Are you not experiencing the same?

Hmmm... I dont have this DD on CADJPY and not on EURJPY as there is no set file for EURJPY in Version 3 of Caterpillar (not among the 16 set files). Why do you trade EURJPY?
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 08, 2012, 10:47:10 PM
EURJPY is one of the live results on the official page...

See attached screenshots for the EURJPY situation...
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 08, 2012, 10:55:03 PM
EURJPY is one of the live results on the official page...

See attached screenshots for the EURJPY situation...


ok... hmmm... so many 0.01 positions open and on M15 timeframe? Dont get it
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 08, 2012, 11:08:59 PM
And here is my EA settings screenshot...
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 08, 2012, 11:14:49 PM
And here is my EA settings screenshot...

yeah, but why do you run the EA on 15 min chart, it should be 1 hour chart
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 08, 2012, 11:18:29 PM
I thought the caterpillars were supposed to run on M15
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 08, 2012, 11:21:23 PM
no 1 hour chart, there you go...
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 08, 2012, 11:26:22 PM
Are you sure? All the backtests on Forex caterpillar in the EZEFX members site show that it was run on M15
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 08, 2012, 11:34:15 PM
nope 1 hour chart

it is true that it is not mentioned in the installation manual...not good ( I could not find it)
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 09, 2012, 12:59:39 AM
I think it is M15.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 09, 2012, 04:27:03 AM
And here is my EA settings screenshot...

Your settings are OK. We always run on M15 but it doesn't make that much difference if you run on H1.

Your trades are also OK. If you are running at standard risk with 10,000 capital, your drawdown is 3.5% which is fine.

EURJPY runs a number of trades at base lot size before incrementing.

Just let it run.  :)

Now I'm going back to bed.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 09, 2012, 08:31:16 AM
Here is a screenshot of Caterpillar V04B live on one broker as of this morning.

This shows the updated display. Settings are generated automatically.

The 2 pairs on the left have manually entered magic numbers while the 2 pairs on the right have them automatically generated.

I'll be updating more live accounts today and then will start using the Multiplier from next week.
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 09, 2012, 09:15:57 AM
And here is my EA settings screenshot...

Your settings are OK. We always run on M15 but it doesn't make that much difference if you run on H1.

Your trades are also OK. If you are running at standard risk with 10,000 capital, your drawdown is 3.5% which is fine.

EURJPY runs a number of trades at base lot size before incrementing.

Just let it run.  :)

Now I'm going back to bed.

What? 15min? Where is this stated in the manual? Oh well... I just opened the charts which are automatically 1 hour. Please make that clear in the manual... I am trading on 1 hour charts from the beginning and now I dont know how this influences the trades...good or bad  :(

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 09, 2012, 09:47:08 AM
And here is my EA settings screenshot...

Your settings are OK. We always run on M15 but it doesn't make that much difference if you run on H1.

Your trades are also OK. If you are running at standard risk with 10,000 capital, your drawdown is 3.5% which is fine.

EURJPY runs a number of trades at base lot size before incrementing.

Just let it run.  :)

Now I'm going back to bed.

What? 15min? Where is this stated in the manual? Oh well... I just opened the charts which are automatically 1 hour. Please make that clear in the manual... I am trading on 1 hour charts from the beginning and now I dont know how this influences the trades...good or bad  :(

I dont have a number of trades at standard lot size before incrementing, the incremented immediately... I am not new to forex and expert advisors... oh well

Hello swissy. Sorry if the timeframe has caused confusion. As Caterpillar does not use timeframe dependent indicators, the actual timeframe used is not that important, making less than 5% difference in profit over a three year backtest.

However, for consistency, the new V04B will only run on M15 timeframe and will display an error message if either the timeframe is not M15 or the currency pair is not one of the 23 available.

The V04 manual will be far more explicit about how to set up Caterpillar and will provide more detailed information about how it works.

Our intention is not to confuse but to give priority to producing bug free software which works to specification. V04B will be the first version 4 release and we expect to follow this later with a "professional" version which, like version 3, will enable users to modify many settings for experimentation.

These days, we have far more members who are less experienced with setting up and testing EAs than our original "hard core" of dedicated MT4 EA specialists. When you've learned it all years ago it is very easy to forget some of the basic stuff which is now second nature.

Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 09, 2012, 09:53:31 AM
hi

Thanks for the prompt explanation! The EA works fine so far on 1 hour chart.

I think I have found the holy grail... Yes there is no holy grail I konw, but for me it is.

Your support is just outstanding. Keep doing your GREAT job. May God bless you  :)

I have one question: For some currency pairs the FactorStart is 2, for some 4 and then for some 6. This was made on purpose, right?

Thank you very much indeed for all.

Btw: are you on facebook or skype?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 09, 2012, 09:56:30 AM
hi

Thanks for the prompt explanation! The EA works fine so far on 1 hour chart.

I think I have found the holy grail... Yes there is no holy grail I konw, but for me it is.

Your support is just outstanding. Keep doing your GREAT job. May God bless you  :)

I have one question: For some currency pairs the FactorStart is 2, for some 4 and then for some 6. This was made on purpose, right?

Thank you very much indeed for all.

Btw: are you on facebook or skype?

Yes, the settings differ depending on the currency pair being used and match the pair characteristics.

No. You wouldn't want to see my face anyway. We are on Twitter though @ezefx.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 09, 2012, 01:21:27 PM
Ji,

If I want to stop Forex Caterpillar from opening new trades, do I set the TradeNow option to 0. Will that let it manage the current trades but not open new ones?

For example, if I want to eventually take EURJPY off my account, but it currently has a lot of open positions.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 09, 2012, 01:34:09 PM
Ji,

If I want to stop Forex Caterpillar from opening new trades, do I set the TradeNow option to 0. Will that let it manage the current trades but not open new ones?

For example, if I want to eventually take EURJPY off my account, but it currently has a lot of open positions.

Yes. If you set TradeNow to zero it will not open new trades but will keep working on the current trades. But this is not the best way to act. Cat is working on your account exactly as it should. If the price continues downward, Cat will stop opening buy trades but new sell trades will make profits. When the price comes back up the drawdown will reduce and more profits will be taken. When the drawdown eater comes in, you can make profits faster than when the drawdowns are lower.

Unless you have a much lower than recommended amount of capital in the account and are unable to add more funds, the best option is to continue running as you are. At some point, Cat will reach a stage where you can close this pair at a very low drawdown or in credit. This is the ideal time to stop taking new trades and close the existing ones.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 09, 2012, 03:03:09 PM
As another week moves towards its close, I thought I'd mention the Washing Line effect.

We often see this in Caterpillar backtests where there are sudden large price movements.

It always makes me chuckle so here's one I made earlier. Have a good weekend  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 11, 2012, 08:31:07 AM
Another huge week for Caterpillar. We now have 50 live cats running. Live stats continue to be available from myfxbook at

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

20 Cats have been upgraded to V04B as a final test before release next Sunday. Of these, 12 have been "force fed" using the new Multiplier setting for greater profits.

The Sunday update is now available on the member website.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on November 11, 2012, 10:05:06 AM
Another huge week for Caterpillar. We now have 50 live cats running. Live stats continue to be available from myfxbook at

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

20 Cats have been upgraded to V04B as a final test before release next Sunday. Of these, 12 have been "force fed" using the new Multiplier setting for greater profits.

The Sunday update is now available on the member website.  :)

GREAT JOB. THANK YOU VERY MUCH!
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 13, 2012, 02:23:30 PM
On your broker spread chart, which broker would you recommend for US based customers? You list a few that seem to include US clients. Do you know if any accept PayPal or CC for deposits?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 13, 2012, 02:35:43 PM
On your broker spread chart, which broker would you recommend for US based customers? You list a few that seem to include US clients. Do you know if any accept PayPal or CC for deposits?

Where the Excluded Clients field is blank, it is because we have not been able to find out whether US clients are excluded. We need to accept comments from members who are US resident to complete this column.

We have heard that Profiforex are OK. They accept CC for deposits and withdrawals. Most of these brokers accept Moneybookers (Skrill) which we use quite a lot.

We would be interested to know whether Forexcent accept US residents. If so, you can deposit by CC but it goes through an agency. I am not too keen on this type of operation though. But they also accept Moneybookers.
Title: Re: Easy Forex (ezefx.com)
Post by: e1vis on November 13, 2012, 04:13:27 PM
Here is a screenshot of Caterpillar V04B live on one broker as of this morning.

This shows the updated display. Settings are generated automatically.

The 2 pairs on the left have manually entered magic numbers while the 2 pairs on the right have them automatically generated.

I'll be updating more live accounts today and then will start using the Multiplier from next week.

Please can you repost this as the link seems to be broken and I am keen to see how v4b looks.

Separately, I previously asked about pair selection and I have to admit, I'm still completely confused. If I was starting out with, say, $500 in a cent account (which I didn't want to split into 5 smaller accounts) please can you tell me what pairs you would recommend I run Cat on, and why?

Thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 13, 2012, 04:36:55 PM
Here is a screenshot of Caterpillar V04B live on one broker as of this morning.

This shows the updated display. Settings are generated automatically.

The 2 pairs on the left have manually entered magic numbers while the 2 pairs on the right have them automatically generated.

I'll be updating more live accounts today and then will start using the Multiplier from next week.

Please can you repost this as the link seems to be broken and I am keen to see how v4b looks.

Separately, I previously asked about pair selection and I have to admit, I'm still completely confused. If I was starting out with, say, $500 in a cent account (which I didn't want to split into 5 smaller accounts) please can you tell me what pairs you would recommend I run Cat on, and why?

Thanks!

Interesting. Perhaps the image was lost when Donna moved the site to a new server at the weekend. Anyway, here is the latest screenshot of what I think is the same account. This is now running on MT4 build 445.

With V04B the situation changes a little. You now have the choice of running a few non correlated pairs at minimum base lot size or running one or two pairs at perhaps two to four times that base lot size as V04B now preserves the most profitable Cat profile with larger lot sizes.

You could select what you think are the best pairs by checking the Forex Caterpillar Live Results league table but with just ten weeks live results so far the accuracy of this could still be in some doubt.

You could also look at one of the published correlation tables such as

http://www.forexticket.co.uk/en/tools/01-01-correlation (http://www.forexticket.co.uk/en/tools/01-01-correlation)

to find the pairs least likely to move in tandem and try those.

But if you want a personal opinion as to which pairs I'd run, they would be USDCAD, EURJPY, GBPCAD and AUDCAD because I think these pairs would give the biggest profits over a period from what I've seen up to now.
 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 14, 2012, 07:15:04 AM
Have you looked closely at your MT4 screens lately?

Check the bottom right of your screen where you usually see something like 12345/67kb. If it says "Invalid account" you will not be opening or closing any trades.

This could happen at any time but is most likely at the moment when brokers are upgrading from MT4 build 438 to build 445.

To fix this issue, do the upgrade to build 445. This will normally be offered by the broker when you close and restart MT4. If you are using Caterpillar you should have no problems with build 445.

If you do not want to upgrade, go to Accounts and click your broker account number. Then login again. This should get build 438 restarted.
Title: Re: Easy Forex (ezefx.com)
Post by: dunted on November 14, 2012, 04:10:59 PM
On your broker spread chart, which broker would you recommend for US based customers? You list a few that seem to include US clients. Do you know if any accept PayPal or CC for deposits?

Where the Excluded Clients field is blank, it is because we have not been able to find out whether US clients are excluded. We need to accept comments from members who are US resident to complete this column.

We have heard that Profiforex are OK. They accept CC for deposits and withdrawals. Most of these brokers accept Moneybookers (Skrill) which we use quite a lot.

We would be interested to know whether Forexcent accept US residents. If so, you can deposit by CC but it goes through an agency. I am not too keen on this type of operation though. But they also accept Moneybookers.

ProfiForex will allow PP deposit after account is opened.  I have been able to open a Forexcent.com account, funding thus far has been a bit of a challenge about to try LR for funding.  I have not been able to use Moneybookers/skrull since they moved me to the US version (funding Fx not allowed)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 14, 2012, 04:47:48 PM
On your broker spread chart, which broker would you recommend for US based customers? You list a few that seem to include US clients. Do you know if any accept PayPal or CC for deposits?

Where the Excluded Clients field is blank, it is because we have not been able to find out whether US clients are excluded. We need to accept comments from members who are US resident to complete this column.

We have heard that Profiforex are OK. They accept CC for deposits and withdrawals. Most of these brokers accept Moneybookers (Skrill) which we use quite a lot.

We would be interested to know whether Forexcent accept US residents. If so, you can deposit by CC but it goes through an agency. I am not too keen on this type of operation though. But they also accept Moneybookers.

ProfiForex will allow PP deposit after account is opened.  I have been able to open a Forexcent.com account, funding thus far has been a bit of a challenge about to try LR for funding.  I have not been able to use Moneybookers/skrull since they moved me to the US version (funding Fx not allowed)

For Moneybookers you need to tell them that the funds are for gambling purposes. Then you cannot fund Moneybookers with a credit card but you should be able to fund with a debit card. That's how it works in the UK anyway.

Alternatively, try depositing into Moneybookers directly using a debit card. If asked, say this is for gambling purposes. Then go to Forexcent and the money will already be available. This should go straight through.

All payment providers are getting wary of funding gambling (they call Forex gambling, perhaps with good reason!) with credit cards. But debit cards are effectively cash so should be OK.

I have also fallen foul of this type of rule when using a foreign currency cash card. I had one of my cards stopped for a while & when I got rather annoyed as it was my money which had been loaded onto the card, they quoted the anti money laundering rules. As if I'm going to launder $500!

Banks. Who needs 'em. Er - we do.  >:( >:( >:( >:(
Title: Re: Easy Forex (ezefx.com)
Post by: Tami00 on November 14, 2012, 06:39:19 PM
With Profiforex should it be the cent account and what should the leverage be set at? Thanks again for all you do, your customer service is amazing!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 14, 2012, 08:55:08 PM
With Profiforex should it be the cent account and what should the leverage be set at? Thanks again for all you do, your customer service is amazing!

Thank you for your kind words. We try very hard  :)

Yes, use the cent account for Caterpillar and use the highest leverage available.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 14, 2012, 10:12:29 PM
Hi. I just opened a live Profiforex account to run some more cats... What should be the recommended initial deposit if I want to run 3-4 cats?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 14, 2012, 10:25:24 PM
Hi. I just opened a live Profiforex account to run some more cats... What should be the recommended initial deposit if I want to run 3-4 cats?

We would recommend $400 to run in standard mode with 3 - 4 Cats. You can start with $100 but bear in mind that if you need to add more funds it may take 24 hours with this broker.

We run a number of accounts with 4 Cats on $100 and even $50 but these accounts can have more funds added instantly if needed.

So far, we haven't come close to even thinking about adding funds. In fact, we'll be withdrawing funds soon. No point having money hanging around where it's not needed.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 14, 2012, 10:32:11 PM
Any idea how to fund Profiforex accounts if in the US?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 15, 2012, 04:04:51 AM
Any idea how to fund Profiforex accounts if in the US?

You should be able to use the two stage Moneybookers method as described in my post #685 re Forexcent.

PM me if this is unsuccessful.
Title: Re: Easy Forex (ezefx.com)
Post by: dunted on November 15, 2012, 03:16:32 PM
Any idea how to fund Profiforex accounts if in the US?

After the account is opened if you clink fund after sign in paypal is also an option or it was a few weeks ago.

Ted
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 15, 2012, 03:46:09 PM
PayPal is no longer an option
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 15, 2012, 03:55:02 PM
Is there a way to stop it from opening new levels on a pair without closing out all existing trades?  I am going into deep drawdown on 1 pair and I'd like to stop it from adding new levels until the existing trades close out.

What to do in this scenario, just deposit more funds and ride it out?  Is there any way to manually intervene? 

This happened because I set the risk on this 1 pair too high by mistake.  I've now lowered the risk but I"m trying to deal with the existing open trades.  Sitting at about 50% DD at the moment but it's moving fast (was only 10% dd a few hours ago).

edit:  Oh I see what happened now.  The DD was high enough that Tradefort cancelled my bonus.  That's why the floating loss % shot up.  But yeah, I still need to deal with these open trades...
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 15, 2012, 05:23:03 PM
Moving over to version 4 when it is available, when is a good time to do this because of open trades?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 15, 2012, 05:23:46 PM
Is there a way to stop it from opening new levels on a pair without closing out all existing trades?  I am going into deep drawdown on 1 pair and I'd like to stop it from adding new levels until the existing trades close out.

What to do in this scenario, just deposit more funds and ride it out?  Is there any way to manually intervene? 

This happened because I set the risk on this 1 pair too high by mistake.  I've now lowered the risk but I"m trying to deal with the existing open trades.  Sitting at about 50% DD at the moment but it's moving fast (was only 10% dd a few hours ago).

edit:  Oh I see what happened now.  The DD was high enough that Tradefort cancelled my bonus.  That's why the floating loss % shot up.  But yeah, I still need to deal with these open trades...

This kind of thing can also happen with brokers who offer 1:500 leverage and then drop it to 1:5 over a certain value limit. This can suddenly increase your margin by 100 times which is a terrifying experience.

I would be tempted to deposit more funds and carry on for now. Cat only opens a maximum of 5 lot size levels so unless your risk is set incredibly high it should pay off in the long run as long as your actual pips lost on one trade does not exceed 1,000. Alternatively you could put in a hedge to stop the loss rising but this would need careful manual management.

I never go for these bonus deals because they nearly always catch you out. also see Tradefort in the brokers thread as they are causing other problems for some users.

The new Cat release on Sunday will make it much easier to control risk by the way.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 15, 2012, 05:26:00 PM
Moving over to version 4 when it is available, when is a good time to do this because of open trades?

V04B is out on Sunday so move over before next week's open. Read the release notes to see how to make sure your open trades are picked up properly.

We have done this for six of our accounts running 21 Cats and the changeover was seamless.
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 15, 2012, 05:30:36 PM
Great, looking forward to it, how are the Beta tests going?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 15, 2012, 05:32:13 PM
Great, looking forward to it, how are the Beta tests going?

Finished those. We are running it live now to make sure you won't experience unexpected problems.
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 15, 2012, 05:38:03 PM
awesome!!
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 15, 2012, 06:58:15 PM
What is the process if there are open trades this weekend?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 15, 2012, 07:38:29 PM
What is the process if there are open trades this weekend?

Just leave them be as you would if you were not upgrading. There is no need to upgrade unless you want to if everything is going OK.

If you are going to upgrade, just make sure you read the V04B Release Notes document and follow the instructions. Then the new version will just pick up all the open trades next week and carry on.

We tried this upgrade last weekend on some of our live accounts and also on Thursday last week while the market was still open. No problems at all.
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on November 15, 2012, 09:16:37 PM
I was fighting with my envy accounts for hours and i have managed it quite well.  Both accounts are alive... the losses are okay (-12% and -30%) but i completely forgot about my tradefort account with Cat V3.

There wasn t such a strong move since i started with Cat plus i am running it on a higher risk, 15 pairs within one account and slightly underfunded. I was really afraid the the account is blown but...

...it made 0,65 % and more important; There is no craziness floating around. Here are the details; http://www.myfxbook.com/members/LarsoFx/cat-v3-tradefort/351680

Maybe Cat is even too safe but on days like this - i really appreciate it  ;)
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 15, 2012, 10:45:50 PM
Lars,

Is your account a cent account or a standard dollar account?

Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on November 16, 2012, 07:53:15 AM
i wish it was a standard account but its cent.  ;)

Lars,

Is your account a cent account or a standard dollar account?
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on November 16, 2012, 11:10:01 AM
Hi

I have just set up a $1000 account with XE. Is it possible to use this with V04?

Thanks
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 16, 2012, 12:58:17 PM
Hi

I have just set up a $1000 account with XE. Is it possible to use this with V04?

Thanks

No. XE Markets has a different setup. You need to use V03. Load the standard set file for the pair you want to use, add your keycode and then alter FixedValue from 10,000 to 100.

I have just tested this and it works fine.

Let me know how you get on.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 16, 2012, 02:59:54 PM
I've got a new Profiforex account, funded with 30,000 cents, ready to load up V4 on Sunday with 3-4 cats...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 17, 2012, 04:38:06 AM
Why am I up in the middle of the night?

Caterpillar V04B will be released tomorrow. It has run faultlessly on our live accounts this week and use of the new Multiplier setting together with good profits on the back of the Yen slide gave us another "best week ever" for the Cat.

But that's not why I am awake. I am thinking about Cat V5.

V5 will not be released until early 2013 but we have an experimental version running now and hope to start forward tests on a demo account next week.

I can't say any more about V5 now but I am VERY excited about it.
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on November 17, 2012, 09:14:43 AM
Why am I up in the middle of the night?

Caterpillar V04B will be released tomorrow. It has run faultlessly on our live accounts this week and use of the new Multiplier setting together with good profits on the back of the Yen slide gave us another "best week ever" for the Cat.

But that's not why I am awake. I am thinking about Cat V5.

V5 will not be released until early 2013 but we have an experimental version running now and hope to start forward tests on a demo account next week.

I can't say any more about V5 now but I am VERY excited about it.

      WOW !!!   I am very excited with V03 and even more excited with V04.
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 17, 2012, 01:02:20 PM
Why am I up in the middle of the night?

Caterpillar V04B will be released tomorrow. It has run faultlessly on our live accounts this week and use of the new Multiplier setting together with good profits on the back of the Yen slide gave us another "best week ever" for the Cat.

But that's not why I am awake. I am thinking about Cat V5.

V5 will not be released until early 2013 but we have an experimental version running now and hope to start forward tests on a demo account next week.

I can't say any more about V5 now but I am VERY excited about it.

      WOW !!!   I am very excited with V03 and even more excited with V04.

Me too ;)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 18, 2012, 07:18:22 AM
Caterpillar V04B has now been released.  :)

After a week running with this latest version, we are now using the new Multiplier setting to increase the risk on more accounts. Happy days are here again.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 18, 2012, 10:53:49 AM
Caterpillar V04B has now been released.  :)

After a week running with this latest version, we are now using the new Multiplier setting to increase the risk on more accounts. Happy days are here again.  8)

cool
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 18, 2012, 04:09:03 PM
Caterpillar V04B has now been released.  :)

After a week running with this latest version, we are now using the new Multiplier setting to increase the risk on more accounts. Happy days are here again.  8)

all changed, that was easy enough!
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 18, 2012, 04:32:33 PM
Have upgraded one account to V4B and also putting a few cats on my first Profiforex cent account. Looking forward to results.
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on November 18, 2012, 04:38:57 PM
Will upgrade as soon as I can
Title: Easy Forex (ezefx.com)
Post by: e1vis on November 18, 2012, 06:42:56 PM
Am I right in thinking that 4B will not run on xe markets?


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 18, 2012, 06:47:01 PM
Am I right in thinking that 4B will not run on xe markets?


Sent from my iPhone using Tapatalk

Yes. For XE Markets you need to stay with V03 and follow the instructions at the bottom of the Broker Spreads chart. We'll be having a look at the best way to deal with the XE Markets way of doing things later.
Title: Easy Forex (ezefx.com)
Post by: e1vis on November 18, 2012, 07:02:20 PM
Am I right in thinking that 4B will not run on xe markets?


Sent from my iPhone using Tapatalk

Yes. For XE Markets you need to stay with V03 and follow the instructions at the bottom of the Broker Spreads chart. We'll be having a look at the best way to deal with the XE Markets way of doing things later.
Ok thanks


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: Maxi97 on November 19, 2012, 07:24:56 AM
Hi

Is gomarketsaus on your list of recommended brokers?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 19, 2012, 07:28:31 AM
Hi

Is gomarketsaus on your list of recommended brokers?

We use gomarkets but not for Caterpillar as it is not a cent broker. Our member site has a list of cent brokers with their attributes so you can choose.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 19, 2012, 01:42:20 PM
With the new version where it is more automatic and you only enter your risk multiplier, what pairs can you use it on?  All FX pairs?  What about commodities?  Can you use it on Gold, Silver, Oil?  Does it use the proper pip spacing for the levels on those?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 19, 2012, 01:49:47 PM
With the new version where it is more automatic and you only enter your risk multiplier, what pairs can you use it on?  All FX pairs?  What about commodities?  Can you use it on Gold, Silver, Oil?  Does it use the proper pip spacing for the levels on those?

V04B can run on 23 pairs. These are listed in the Broker Spreads chart on the member site.

We have run V03 on silver and there is a special setting for gold. But Cat makes more money on other pairs with the settings we have used. Of course, we haven't tried very hard with commodities as yet. Too busy with improving the EA. Which is quite hard!
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 19, 2012, 02:01:05 PM
Can you please tell me any special setting on V03 for Gold or Silver?  I ran V03 on default settings on gold last week.  It went crazy, I think because the pip spacing is too tight for gold.  With default settings it opened a lot of levels very quickly.  I lucked out and made a lot of money ~15% within just 3 days (thanks!) but I can tell the settings are not right, and if the market had gone the other way my account would have blown.  Any specific advice how to trade v03 on gold and avoid that?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 19, 2012, 02:34:33 PM
Can you please tell me any special setting on V03 for Gold or Silver?  I ran V03 on default settings on gold last week.  It went crazy, I think because the pip spacing is too tight for gold.  With default settings it opened a lot of levels very quickly.  I lucked out and made a lot of money ~15% within just 3 days (thanks!) but I can tell the settings are not right, and if the market had gone the other way my account would have blown.  Any specific advice how to trade v03 on gold and avoid that?

You ran gold on a live account without testing it first? You are very brave  :o

First, I'm surprised it ran at all. What is your spread size on the gold account?

If you want to run gold, I'll find an account & see if I can test it this afternoon. But the settings will need big changes & even then I'm not sure it will be profitable. but we'll see.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 19, 2012, 03:01:20 PM
Not brave, this is how I test, on a small live cent account.  I don't bother with demo accounts on brokers usually.  Also, I thought it was programmed to scale things properly to any pair, but I learned it is not ; D 

I just used default settings in the EA, whatever those are.  It basically behaved like a HFT gold scalper until I shut it down haha.  I opened almost 40 XAU lots on my Cent account within a couple of hours.  I then shut the EA down and managed those trades manually.  I lucked out with a profit, I think because gold had a big dip late last week and has now retraced.  Just luck.

OK it sounds like you don't actually have settings specific to gold yet.  I like what I saw, I just need to increase the pip spacing on the levels to where it makes sense for gold.  I'll try it on a **demo** account : ) and see how it goes...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 19, 2012, 03:07:32 PM
You must be getting better spreads on gold than I am.

Which broker are you using?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 19, 2012, 04:10:36 PM
OK here is the news on trading gold.

Bad news first. It won't run on V03 properly because of TP/SL limitations.
It won't run on V04B because of the spread limiter.

Now the good news. I have made a few mods to a test version, put in a few settings I thought would work and ran a backtest on Alpari UK with a spread of around 40. The result is shown on the chart below. This backtest runs for just one year from Jan 2011 to Jan 2012. 500% in a year is too much. Adjusting the settings will give a smoother ride with lower drawdown.

 :) :) :) all round I think. Not bad for a first attempt. With a few settings adjustments it should perform better than this.

I'll add it to my list.  8)
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 19, 2012, 06:47:44 PM
Phew, last trade just closed.  Made a total of 16% in under a week.  Of course it was just luck as the EA was not being used at all as intended! 

My broker is Tradefort, account type is Cent Flex (variable spread).

Yes that's a pretty looking BT : )  Please optimize and share settings if you can.  I will play with it on a demo this time ha ha.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 19, 2012, 07:40:57 PM
Phew, last trade just closed.  Made a total of 16% in under a week.  Of course it was just luck as the EA was not being used at all as intended! 

My broker is Tradefort, account type is Cent Flex (variable spread).

Yes that's a pretty looking BT : )  Please optimize and share settings if you can.  I will play with it on a demo this time ha ha.

You won't get it to run properly on the existing software you have. There is a spread limiter that stops it trading if the spread is over 25 pips. I can see that some trades would have been taken from one of our AGEA accounts which are variable spread. Gold is 20 pips at the moment. Interestingly, they also offer gold/Euro as a pair.

We won't do another release this year but will backtest gold/Dollar, gold/Euro, silver/Dollar and silver/Euro for the next release. We are also testing a fix to allow automatic detection of the XE Markets broker which needs different settings.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 19, 2012, 08:46:19 PM
That's great, thank you!  This is my first month with you guys and I'm quite happy so far with the results.  You provide good value for the fee you charge.  I'll be happy to stick around to see the commodities version next year ; )
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 20, 2012, 05:15:10 PM
Relief just now as Caterpillar V5 beta closed its first profit batch.  :) :)

It would have happened half an hour ago but we needed to make a few last minute mods. So far it is everything we hoped it would be.

So now we know it works we're off to have a nice cup of tea.
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on November 20, 2012, 05:37:42 PM
Relief just now as Caterpillar V5 beta closed its first profit batch.  :) :)

It would have happened half an hour ago but we needed to make a few last minute mods. So far it is everything we hoped it would be.

So now we know it works we're off to have a nice cup of tea.

cool, enjoy your cuppa!!
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on November 22, 2012, 05:05:18 PM
    Going to be my best week with Caterpillar.Currently +1600 VU's
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 22, 2012, 05:28:35 PM
    Going to be my best week with Caterpillar.Currently +1600 VU's

Good job Nick  :)

For those who think Nick trades in Vanuatu Vatus this translates into sixteen sets of Caterpillar batch profits. It could be $16, $160, $1,600 etc. depending on how many zeros you want to put behind your deposit.

Caterpillar is going great guns for everyone. But there's more to come.

We have just completed and are testing our Extended DrawDown Eater (EDDE) which we have spent 4 months trying to get to work properly.  This will form part of the new V05 Caterpillar to be released in January.

Cat V05 might sound like hair care for women but it's more like brain care for traders. No more worrying about stop losses or trying to predict the future. Now you can sit back and watch those emails coming in with news of your next profitable batch.

We started running V05 this week on a demo account and after a few modifications it is running well. So we now have it running on a live account with XE Markets. This broker sets up their cent accounts differently from other brokers so Cat automatically detects this and enables XE Mode to deal with the differences.

We'll be showing V05 on myfxbook soon. Will anyone notice the difference between V05 and earlier Cats?

We think you will!  8) 8) 8)

Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 22, 2012, 05:42:47 PM
    Going to be my best week with Caterpillar.Currently +1600 VU's

Good job Nick  :)

For those who think Nick trades in Vanuatu Vatus this translates into sixteen sets of Caterpillar batch profits. It could be $16, $160, $1,600 etc. depending on how many zeros you want to put behind your deposit.

Caterpillar is going great guns for everyone. But there's more to come.

We have just completed and are testing our Extended DrawDown Eater (EDDE) which we have spent 4 months trying to get to work properly.  This will form part of the new V05 Caterpillar to be released in January.

Cat V05 might sound like hair care for women but it's more like brain care for traders. No more worrying about stop losses or trying to predict the future. Now you can sit back and watch those emails coming in with news of your next profitable batch.

We started running V05 this week on a demo account and after a few modifications it is running well. So we now have it running on a live account with XE Markets. This broker sets up their cent accounts differently from other brokers so Cat automatically detects this and enables XE Mode to deal with the differences.

We'll be showing V05 on myfxbook soon. Will anyone notice the difference between V05 and earlier Cats?

We think you will!  8) 8) 8)

Can you explain a little more how this is supposed to work?  Based on the instructions as I understood them, I have put 6 cats on 1 tradefort cent account.  Total deposit is 100,000 cents ($1000 real).  I have left everything in the ea on default except I set each cat to work only 20,000 cents balance each.  Should I do that or just leave the ea to all default settings?

What sort of returns should I expect in VU's on this account?  in real terms I've made about 2% total ROI in the last two weeks or so.  Is that expected, does it sound like I have everything setup correctly?

Thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 22, 2012, 05:52:47 PM
    Going to be my best week with Caterpillar.Currently +1600 VU's

Good job Nick  :)

For those who think Nick trades in Vanuatu Vatus this translates into sixteen sets of Caterpillar batch profits. It could be $16, $160, $1,600 etc. depending on how many zeros you want to put behind your deposit.

Caterpillar is going great guns for everyone. But there's more to come.

We have just completed and are testing our Extended DrawDown Eater (EDDE) which we have spent 4 months trying to get to work properly.  This will form part of the new V05 Caterpillar to be released in January.

Cat V05 might sound like hair care for women but it's more like brain care for traders. No more worrying about stop losses or trying to predict the future. Now you can sit back and watch those emails coming in with news of your next profitable batch.

We started running V05 this week on a demo account and after a few modifications it is running well. So we now have it running on a live account with XE Markets. This broker sets up their cent accounts differently from other brokers so Cat automatically detects this and enables XE Mode to deal with the differences.

We'll be showing V05 on myfxbook soon. Will anyone notice the difference between V05 and earlier Cats?

We think you will!  8) 8) 8)

Can you explain a little more how this is supposed to work?  Based on the instructions as I understood them, I have put 6 cats on 1 tradefort cent account.  Total deposit is 100,000 cents ($1000 real).  I have left everything in the ea on default except I set each cat to work only 20,000 cents balance each.  Should I do that or just leave the ea to all default settings?

What sort of returns should I expect in VU's on this account?  in real terms I've made about 2% total ROI in the last two weeks or so.  Is that expected, does it sound like I have everything setup correctly?

Thanks!

With a 100k deposit you should be able to run 10 Cats in standard mode with a slush fund for use if needed. So you have an onboard slush fund of 40k which is fine if you are just going to use one account.

In standard mode, Cat needs to have 10k FixedValue. By using 20k, you are making Cat much safer but you will see less profits.

Also, Cat needs time to build up enough trades to start regular batch closes.

Having said that, if you are making 1% a week in safety, that's so much better than any bank would give you and well within our expected range of 30% to 90% per year profit.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 22, 2012, 07:00:32 PM
Thanks for confirming.  I think I had the wrong idea about the fixed 20,000 amount.  I have a seperate savings account as you suggest in your documentation, so I don't think I need to be running with a 40% safety in my trading account.  I will add some more cats... : )
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 22, 2012, 07:06:16 PM
Thanks for confirming.  I think I had the wrong idea about the fixed 20,000 amount.  I have a seperate savings account as you suggest in your documentation, so I don't think I need to be running with a 40% safety in my trading account.  I will add some more cats... : )

Why not try running with V04B? This has all the settings set to automatic which should make things easier. But you must read the release notes first.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on November 22, 2012, 08:27:11 PM
Thanks for confirming.  I think I had the wrong idea about the fixed 20,000 amount.  I have a seperate savings account as you suggest in your documentation, so I don't think I need to be running with a 40% safety in my trading account.  I will add some more cats... : )

Why not try running with V04B? This has all the settings set to automatic which should make things easier. But you must read the release notes first.

Actually I'm not sure what I'm thinking with these questions ha ha!  I updated to V04B this past weekend!  Sorry, I guess I forgot and was still thinking of the original settings I made when I setup V03 2 weeks ago.  I will add 4 more cats for a total of 10 on my 100,000 cent account running v04b.
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on November 22, 2012, 08:57:38 PM
Working with Cat for 1 almost week now! 1 batch closed.
Great to be part of it and can't wait to "play" with V5

Martin
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 23, 2012, 12:39:52 AM
I am getting steady profits with Eze057 version 11 USD/CAD M15 fun $50. I have only ran it for a week now, but I am impressed. It has had a profit on every closed basket.

It is similar to Forex Caterpillar, but it has some things which are different.

It usually only has two or three orders open. It closes them a lot quicker than Caterpillar. You start getting profit baskets right away without having to wait a while. You can change the lot size very easily, so you can determine how much you would like to risk for profit. Also you can run this on any dollar account. On the other hand, Caterpillar requires a minimum of $10,000.

I know it says to use it on $50 accounts, but I decided to use it on larger accounts. I am using it on a $1900 live account and on a $88,000 demo account. The live account I have the risk set to 0.0, risk type set to 0, and the minlots set to 0.01. The demo account I have the risk set to 0.0, risk type set to 0, and the minlots set to 1. The drawdown eater is very effective. The rest of my settings are set to default.

I sure hope the Eze057 version 11 USD/CAD M15 fun $50 stays supported by the developer. I hope it stays attached to the Eze057 EA. I think it is better suited for Eze057 instead of Forex Caterpillar.
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on November 23, 2012, 02:03:11 AM
Looking to set up my first cat this weekend.

$1000 XE Markets. I can only use V03. I wanted to go for growth running 4 cats at 0.1

I assume that I need to set the FV at 10 and attach to the micro chart base 0.01? Or should this still be 100?

Any thoughts? Many Thanks

Steve
Title: Re: Easy Forex (ezefx.com)
Post by: tradeforce on November 23, 2012, 06:17:29 AM
Hi I have been reading this thread for 2 weeks and am really interested ...however all the jargons of different versions are making me giddy..lol. have to pardon me for this as i am new to all these as i always trade with indicators and stuff like these. So i need a bit of help here. I am using Oanda broker and I am willing to put in 1000 bucks to start ..however I am not sure which version to use . Thereafter i will proply be asking questions about setups..but till now i am not sure if i can use any of the versions here. Pls advise.

Many thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: tradeforce on November 23, 2012, 06:22:08 AM
Oh one more thing is this..what i like about this is you kept things very open and questions and problems if met were answered very quickly..that says a lot about support which one does not get much these days. coupled with that and the ongoing improvements you have going, what a gem i must say. KEEP IT UP!!!!!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 23, 2012, 07:41:12 AM
@martinsta. Nice to hear from you. You will see V5 after Christmas.

@obe4life. The reason Fun$50 only expects you to risk $50 is that it is dangerous. You will start making profits very quickly and the idea is to get your money out again and then build a good profit before getting out because the account will blow up every few months on average. Losing $50 is one thing, just start over and perhaps you'll make it back. But unless you enjoy the idea of losing $1,900 or are a true gambler, I would not recommend it with this amount of capital.

What you can do, before the drawdown becomes too severe, is to replace it with Cat V04B. As long as you use the same magic number, Cat will take over the trades and continue.

We have done this with our own Fun$50 accounts and they are now running successfully with Cat, having either worked out the Fun$50 trades or are cutting them down with the drawdown eater.

As you know, Fun$50 was developed from EZE057. But Cat was developed from Fun$50 so moving to Cat is actually an upgrade. Yes, it takes longer to build up its first profit batches but when drawdown time comes Cat can deal with them and Fun$50 cannot.

@stevespoon. We have just started running our first live account Cat V05 using XE Markets. We had an initial hiccup with our deposit being rejected but managed it second time around. Since then we have had an issue where their feed stalled and we didn't notice for some hours. It's now running again as of last night but too early to tell if all our XE mods are working.

You should be OK with V03 for now. With $1,000 you can run up to 10 Cats in standard mode as long as you have additional funds available if needed. Each Cat should have FixedValue set to 100 and Risk set to 5. You could increase Risk perhaps from 5 to 10 but you should then run half the number of Cats.

---------------------------

Good luck with all your trading  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 23, 2012, 12:52:22 PM
As we progress with Caterpillar V05 with testing and live running under way, I can give you an insight into what is to come.

http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf (http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf)

We have quite a few very happy members. If you are one of them, please feel free to copy the link above to your friends and tell us why you like Caterpillar. If you are not happy for any reason we need to know why so we can work with you to solve any issues. Please don't suffer in silence. Use our ticketing system to detail any problems you may have.

We are really looking forward to 2013  :)
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on November 23, 2012, 12:56:38 PM
As we progress with Caterpillar V05 with testing and live running under way, I can give you an insight into what is to come.

http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf (http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf)

We have quite a few very happy members. If you are one of them, please feel free to copy the link above to your friends and tell us why you like Caterpillar. If you are not happy for any reason we need to know why so we can work with you to solve any issues. Please don't suffer in silence. Use our ticketing system to detail any problems you may have.

We are really looking forward to 2013  :)

   I will gladly beta test it for you on one of my Cat accounts...... ;)
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on November 23, 2012, 01:50:56 PM
As we progress with Caterpillar V05 with testing and live running under way, I can give you an insight into what is to come.

http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf (http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf)

We have quite a few very happy members. If you are one of them, please feel free to copy the link above to your friends and tell us why you like Caterpillar. If you are not happy for any reason we need to know why so we can work with you to solve any issues. Please don't suffer in silence. Use our ticketing system to detail any problems you may have.

We are really looking forward to 2013  :)

   I will gladly beta test it for you on one of my Cat accounts...... ;)

Same for me!
Will be happy to spend some time testing V05

Martin
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 23, 2012, 02:27:47 PM
Would it be possible to add a drawdown eater like the one in Caterpillar to the Fun $50 version? That would be very good to have for me.

My broker is limited to a leverage of 1:50. Caterpillar is struggling some with it, while Fun $50 is continuing to make profits. I made even more this morning.

Caterpillar works great for many offshore brokers, but U.S. citizens are starting to become limited in their choices of brokers due to strict regulations. In a few years, U.S. citizens may not have any offshore broker options. I would like a version of your EA's that can shine with the U.S. brokers limited leverage. So far fun $50 is working great. But like you said, it may need a better drawdown eater.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 23, 2012, 02:30:48 PM
Would it be possible to add a drawdown eater like the one in Caterpillar to the Fun $50 version? That would be very good to have for me.

My broker is limited to a leverage of 1:50. Caterpillar is struggling some with it, while Fun $50 is continuing to make profits. I made even more this morning.

Caterpillar works great for many offshore brokers, but U.S. citizens are starting to become limited in their choices of brokers due to strict regulations. In a few years, U.S. citizens may not have any offshore broker options. I would like a version of your EA's that can shine with the U.S. brokers limited leverage. So far fun $50 is working great. But like you said, it may need a better drawdown eater.

Sorry, it wouldn't work with Fun$50 due to the lower volume of concurrent trades.

But now I understand more about your problem, I'll PM you about brokers.
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on November 23, 2012, 02:40:35 PM
@martinsta. Nice to hear from you. You will see V5 after Christmas.

@obe4life. The reason Fun$50 only expects you to risk $50 is that it is dangerous. You will start making profits very quickly and the idea is to get your money out again and then build a good profit before getting out because the account will blow up every few months on average. Losing $50 is one thing, just start over and perhaps you'll make it back. But unless you enjoy the idea of losing $1,900 or are a true gambler, I would not recommend it with this amount of capital.

What you can do, before the drawdown becomes too severe, is to replace it with Cat V04B. As long as you use the same magic number, Cat will take over the trades and continue.

We have done this with our own Fun$50 accounts and they are now running successfully with Cat, having either worked out the Fun$50 trades or are cutting them down with the drawdown eater.

As you know, Fun$50 was developed from EZE057. But Cat was developed from Fun$50 so moving to Cat is actually an upgrade. Yes, it takes longer to build up its first profit batches but when drawdown time comes Cat can deal with them and Fun$50 cannot.

@stevespoon. We have just started running our first live account Cat V05 using XE Markets. We had an initial hiccup with our deposit being rejected but managed it second time around. Since then we have had an issue where their feed stalled and we didn't notice for some hours. It's now running again as of last night but too early to tell if all our XE mods are working.

You should be OK with V03 for now. With $1,000 you can run up to 10 Cats in standard mode as long as you have additional funds available if needed. Each Cat should have FixedValue set to 100 and Risk set to 5. You could increase Risk perhaps from 5 to 10 but you should then run half the number of Cats.

---------------------------

Good luck with all your trading  :)

Many Thanks 999

I though with a Catv03 if you set a FV then risk did not do anything?

Could you explain? If i set 5 CATS on fixedV 100 on a XE Micro Chart then what impact does changing THE Risk have?

Sorry for being dense but I cant get my head around the relationship between FV and Risk

Regards

Steve

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 23, 2012, 02:46:15 PM
@martinsta. Nice to hear from you. You will see V5 after Christmas.

@obe4life. The reason Fun$50 only expects you to risk $50 is that it is dangerous. You will start making profits very quickly and the idea is to get your money out again and then build a good profit before getting out because the account will blow up every few months on average. Losing $50 is one thing, just start over and perhaps you'll make it back. But unless you enjoy the idea of losing $1,900 or are a true gambler, I would not recommend it with this amount of capital.

What you can do, before the drawdown becomes too severe, is to replace it with Cat V04B. As long as you use the same magic number, Cat will take over the trades and continue.

We have done this with our own Fun$50 accounts and they are now running successfully with Cat, having either worked out the Fun$50 trades or are cutting them down with the drawdown eater.

As you know, Fun$50 was developed from EZE057. But Cat was developed from Fun$50 so moving to Cat is actually an upgrade. Yes, it takes longer to build up its first profit batches but when drawdown time comes Cat can deal with them and Fun$50 cannot.

@stevespoon. We have just started running our first live account Cat V05 using XE Markets. We had an initial hiccup with our deposit being rejected but managed it second time around. Since then we have had an issue where their feed stalled and we didn't notice for some hours. It's now running again as of last night but too early to tell if all our XE mods are working.

You should be OK with V03 for now. With $1,000 you can run up to 10 Cats in standard mode as long as you have additional funds available if needed. Each Cat should have FixedValue set to 100 and Risk set to 5. You could increase Risk perhaps from 5 to 10 but you should then run half the number of Cats.

---------------------------

Good luck with all your trading  :)

Many Thanks 999

I though with a Catv03 if you set a FV then risk did not do anything?

Could you explain? If i set 5 CATS on fixedV 100 on a XE Micro Chart then what impact does changing THE Risk have?

Sorry for being dense but I cant get my head around the relationship between FV and Risk

Regards

Steve

Oops! You're not dense, I am!

You will not be able to run for growth on XE Markets using Cat V03. Silly me.

We are still testing V05 with XE markets but we hope to be able to offer the growth option for XE with this version. Sorry for causing the confusion.
Title: Re: Easy Forex (ezefx.com)
Post by: e1vis on November 23, 2012, 03:25:22 PM
I have held off using Cat for now as, to be honest, it all seemed too confusing... however, I have read the  manual for 4B and it seemed to be a big improvement in terms of usability.

I have a funded account with XE which is just sat there doing nothing since I stopped trading Envy some months ago and, with the release of V5, I think it's now time for me to jump on board. I just need to work out what pairs I'll be running on it...  :-\
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 23, 2012, 04:17:05 PM
I have held off using Cat for now as, to be honest, it all seemed too confusing... however, I have read the  manual for 4B and it seemed to be a big improvement in terms of usability.

I have a funded account with XE which is just sat there doing nothing since I stopped trading Envy some months ago and, with the release of V5, I think it's now time for me to jump on board. I just need to work out what pairs I'll be running on it...  :-\

Remember that V04B will not run with XE Markets so for the moment you will need to use V03. If you are doubtful about the settings, message us with the pairs you want to use and we'll give them to you.

Look at the league table in the Caterpillar Live Results chart. The top runners have performed best but may be the most risky. It's too soon to know for sure yet.

What I can tell you is that if you pick some dud pairs, when you upgrade to V05 you can get them cleaned up. We are running V05 on XE Markets now.
Title: Easy Forex (ezefx.com)
Post by: e1vis on November 23, 2012, 07:14:38 PM
I have held off using Cat for now as, to be honest, it all seemed too confusing... however, I have read the  manual for 4B and it seemed to be a big improvement in terms of usability.

I have a funded account with XE which is just sat there doing nothing since I stopped trading Envy some months ago and, with the release of V5, I think it's now time for me to jump on board. I just need to work out what pairs I'll be running on it...  :-\

Remember that V04B will not run with XE Markets so for the moment you will need to use V03. If you are doubtful about the settings, message us with the pairs you want to use and we'll give them to you.

Look at the league table in the Caterpillar Live Results chart. The top runners have performed best but may be the most risky. It's too soon to know for sure yet.

What I can tell you is that if you pick some dud pairs, when you upgrade to V05 you can get them cleaned up. We are running V05 on XE Markets now.

Thanks - actually I meant that I will be jumping on board once v5 is released. Hopefully this won't be too far away :)


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: tradeforce on November 24, 2012, 06:59:17 AM
Probably got lost somewhere in the middle, so heres my enquiries again..

Hi I have been reading this thread for 2 weeks and am really interested ...however all the jargons of different versions are making me giddy..lol. have to pardon me for this as i am new to all these as i always trade with indicators and stuff like these. So i need a bit of help here. I am using Oanda broker with MT4 and I am willing to put in 1000 bucks to start ..however I am not sure which version to use . Thereafter i will proply be asking questions about setups..but till now i am not sure if i can use any of the versions here. Went to the website but I don't find any listing of brokers that work with the robots. pls advise.

Many thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 24, 2012, 09:00:53 AM
Probably got lost somewhere in the middle, so heres my enquiries again..

Hi I have been reading this thread for 2 weeks and am really interested ...however all the jargons of different versions are making me giddy..lol. have to pardon me for this as i am new to all these as i always trade with indicators and stuff like these. So i need a bit of help here. I am using Oanda broker with MT4 and I am willing to put in 1000 bucks to start ..however I am not sure which version to use . Thereafter i will proply be asking questions about setups..but till now i am not sure if i can use any of the versions here. Went to the website but I don't find any listing of brokers that work with the robots. pls advise.

Many thanks!

Sorry if I missed your earlier post  :(

The Broker Spreads chart is on the member site along with lots of other stuff so you need to be a member to view it. But I can tell you that Oanda is not on the list. One of the reasons is that they have a FIFO rule when bridging to MT4 and another is that they do not offer MT4 true cent accounts (or if they do, it is a well kept secret).

As a comparatively new product, Caterpillar has moved rapidly through upgraded versions, each one hopefully being an improvement on the last. The latest production version is V04B which runs most settings on automatic and is therefore much easier to use than its predecessors.

The new V05 will be released at the end of December. Each time we release a new version, we try to make the upgrade as seamless as possible, the new version just taking over old trades.

As a DF Award vendor, we offer a refund of your first month's membership if you are not satisfied with our service or products so why not come on board? You can get help and support from our member support ticketing system, emails and posts here. Members get Caterpillar free of charge.

Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 25, 2012, 04:59:55 AM
999cjb,

Would EZE057 Module 3 work well for a 1:50 leverage U.S. Broker? You have some very impressive backtests for Module 3 on Alpari UK.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 25, 2012, 07:12:49 AM
999cjb,

Would EZE057 Module 3 work well for a 1:50 leverage U.S. Broker? You have some very impressive backtests for Module 3 on Alpari UK.

Module 3 would not work with 1:50 leverage as the number and size of open trades would overwhelm the account.

Module 2 should work OK but we have never used or tested any software with less than 1:200 leverage.

Actually, module 2 using the "11 as 9" settings has made 24 trades in the last six weeks without loss. But it can lose heavily if things go wrong.

I have to say I never thought the day would come when I felt sorry for US citizens able to live, work and trade in the USA. But 1:50 leverage is cruel.

Whatever happened to the "land of the free".

Here in the UK we have to put up with dismal weather but at least we can suck our vitamin D tablets and trade Caterpillar.  ;) 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 25, 2012, 04:41:51 PM
As we start to load our beta Caterpillar V05 onto some live accounts, below is a backtest over 9 years run on EURUSD.

For those who think that any EA with the slightest element of grid or Martingale about it is rubbish and could not possibly survive a long backtest, here is a wake up call. With a 20k starting balance, Cat made a steady 27% a year for 9 years. Not spectacular but better than most.

Of course, you will notice the tell tale drawdown along the way. But the real story is not the drawdown itself but how long it lasted. From September 2007 until April 2009. That's 20 months out of 108. If this had been run in standard mode using 10k, re-funding would have been needed for 20 months and after this could have been withdrawn again. This would have given Cat 40% a year average profit on funds invested.

Over the re-fund period EURUSD swung between 1.29 and 1.60, a range of 3,100 pips for this was the financial meltdown which had a massive effect on all EAs as well as major upheavals elsewhere as we all know.

Cat's key to survival was the addition of the extended drawdown eater to V05. This will be released to members after Christmas. More information is here:-

http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf (http://www.forexcaterpillar.com/EDDE%20for%20V05.pdf)

Our Sunday member update is now on the member site together with the latest EZE058.DLL which should be downloaded to replace the one you are using now. Do it before the end of this month to keep trading.
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on November 25, 2012, 05:06:52 PM
Would be good to have an email warning of equity getting low.  Will something like that be in version 5?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 25, 2012, 07:23:04 PM
Would be good to have an email warning of equity getting low.  Will something like that be in version 5?

There is a screen display in V04B and V05. With an email, you may get the situation when the equity pops in to the low zone then gets out of it again etc. Would be difficult to get it right for everyone's taste I think.
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on November 25, 2012, 08:33:29 PM
Our Sunday member update is now on the member site together with the latest EZE058.DLL which should be downloaded to replace the one you are using now. Do it before the end of this month to keep trading.

On the member siteI see the Sept.23rd (packed in a Nov 25th ZIP file) version as the latest.
Is this correct?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 25, 2012, 10:38:57 PM
Our Sunday member update is now on the member site together with the latest EZE058.DLL which should be downloaded to replace the one you are using now. Do it before the end of this month to keep trading.

On the member siteI see the Sept.23rd (packed in a Nov 25th ZIP file) version as the latest.
Is this correct?

Yes it is. When unzipped from the package the DLL will have a time 2 minutes later than the previous one. The new dll create time is 21 minutes past the hour.
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 26, 2012, 05:10:30 AM
Quote from: 999cjb
Actually, module 2 using the "11 as 9" settings has made 24 trades in the last six weeks without loss. But it can lose heavily if things go wrong.
[/quote

A few hours ago I loaded up EZE057 module 2 with the 9 settings. Two orders just closed for a profit. Thanks 999cjb for suggesting me to use it.

I lowered the risk to start with for testing purposes. I will eventually keep raising the risk until it reaches the default levels as long as everything goes well.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 26, 2012, 08:15:29 AM
Quote from: obe4life link=topic=2447.msg226405#msg226405
date=1353906630
Quote from: 999cjb
Actually, module 2 using the "11 as 9" settings has made 24 trades in the last six weeks without loss. But it can lose heavily if things go wrong.
[/quote

A few hours ago I loaded up EZE057 module 2 with the 9 settings. Two orders just closed for a profit. Thanks 999cjb for suggesting me to use it.

I lowered the risk to start with for testing purposes. I will eventually keep raising the risk until it reaches the default levels as long as everything goes well.

Well done on those profits. You may have made some more as I write this. My EZE057s have now closed all their trades for a good selection of profits.

But I should say that this setup has a stop loss of around 60 pips and has opened groups of up to five trades in live running in the past. So there is always the possibility of a 300 pip loss at some time in the future. You will see from our myfxbook link below how volatile this can be.
Title: Caterpillar V05 Introduction
Post by: 999cjb on November 26, 2012, 03:06:21 PM
With everything going to plan, take a look at the new features in Caterpillar V05.

Each week, we are committing more funds into Caterpillar trading and enjoying a nice profitable period without any of those annoying stop losses.

With V05 it is even harder to lose with Caterpillar than it was before.

Now you can even use Cat V05 to take over those losing trades from other EAs, manual trading and those hard to manage hedged losses.

Have fun. We are  ;D
Title: Re: Easy Forex (ezefx.com)
Post by: viltsu on November 26, 2012, 03:28:28 PM
Hi,

I'm interested in Cat. Is it a martingale? How risky vs. Envy and similar? Suitable for 10 000 USD investment? What is average monthly ROI? I'm looking for low DD EA with reasonable ROI.

Thanks
Title: Easy Forex (ezefx.com)
Post by: e1vis on November 26, 2012, 03:37:15 PM
Hi,

I'm interested in Cat. Is it a martingale? How risky vs. Envy and similar? Suitable for 10 000 USD investment? What is average monthly ROI? I'm looking for low DD EA with reasonable ROI.

Thanks

Aren't we all :)

I'd suggest reading through the thread and, in particular, look over the website. You will find all the info you need...


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: viltsu on November 26, 2012, 03:40:27 PM
Hi,

I'm interested in Cat. Is it a martingale? How risky vs. Envy and similar? Suitable for 10 000 USD investment? What is average monthly ROI? I'm looking for low DD EA with reasonable ROI.

Thanks

Aren't we all :)

I'd suggest reading through the thread and, in particular, look over the website. You will find all the info you need...


Sent from my iPhone using Tapatalk

Yes, I was a bit too hasty :) I found a good pdf which explains all.
Title: Re: Caterpillar V05 Introduction
Post by: ultracat on November 26, 2012, 04:09:33 PM
With everything going to plan, take a look at the new features in Caterpillar V05.

Each week, we are committing more funds into Caterpillar trading and enjoying a nice profitable period without any of those annoying stop losses.

With V05 it is even harder to lose with Caterpillar than it was before.

Now you can even use Cat V05 to take over those losing trades from other EAs, manual trading and those hard to manage hedged losses.

Have fun. We are  ;D

Thanks, looks promising.  What does it mean that it only works in "income" mode?  Does this mean that it won't compound?  It's simple interest only?  I notice in V04b there is nowhere to put a set balance.  Doesn't this mean that the EA detects the amount of funds in the account?  I'm confused haha, can you help me understand?
Title: Easy Forex (ezefx.com)
Post by: e1vis on November 26, 2012, 04:36:49 PM
With everything going to plan, take a look at the new features in Caterpillar V05.

Each week, we are committing more funds into Caterpillar trading and enjoying a nice profitable period without any of those annoying stop losses.

With V05 it is even harder to lose with Caterpillar than it was before.

Now you can even use Cat V05 to take over those losing trades from other EAs, manual trading and those hard to manage hedged losses.

Have fun. We are  ;D

Thanks, looks promising.  What does it mean that it only works in "income" mode?  Does this mean that it won't compound?  It's simple interest only?  I notice in V04b there is nowhere to put a set balance.  Doesn't this mean that the EA detects the amount of funds in the account?  I'm confused haha, can you help me understand?

I have a similar question - reading the v4 documentation it seems that all lot size calculations are done using the multiplier. Does this mean there is no money management feature any more and, therefore, no compounding?

Also, what is the maximum account size that would work at xe markets bearing in mind max lots and max lot sizes?

If you wanted to let the account grow and compound at XE, is it possible or would you need lots of separate accounts?


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 26, 2012, 05:31:57 PM
With everything going to plan, take a look at the new features in Caterpillar V05.

Each week, we are committing more funds into Caterpillar trading and enjoying a nice profitable period without any of those annoying stop losses.

With V05 it is even harder to lose with Caterpillar than it was before.

Now you can even use Cat V05 to take over those losing trades from other EAs, manual trading and those hard to manage hedged losses.

Have fun. We are  ;D

Thanks, looks promising.  What does it mean that it only works in "income" mode?  Does this mean that it won't compound?  It's simple interest only?  I notice in V04b there is nowhere to put a set balance.  Doesn't this mean that the EA detects the amount of funds in the account?  I'm confused haha, can you help me understand?

I have a similar question - reading the v4 documentation it seems that all lot size calculations are done using the multiplier. Does this mean there is no money management feature any more and, therefore, no compounding?

Also, what is the maximum account size that would work at xe markets bearing in mind max lots and max lot sizes?

If you wanted to let the account grow and compound at XE, is it possible or would you need lots of separate accounts?


Sent from my iPhone using Tapatalk

The initial V05 works like V04B in that Multiplier = 1 gives 10,000 fixed value regardless of the actual account size and a base lot size of 0.01. To scale up you increase the Multiplier so if Multiplier = 3, you get 30,000 fixed value and 0.03 base lot size.

For XE markets, the fixed value is automatically reduced from 10,000 to 100. Max lot size at XE Markets is 99.99 lots which should be enough I would have thought  ;)

If you are using the Supervisor/Trader setup, each Trader can have a different Multiplier if you want to trade some pairs at higher risk than others. The Supervisor can have its own Multiplier so if you want to trade a favourite pair at (say) Multiplier 4 and you have the Supervisor set to Multiplier 1, batches will be closed when a profit of 100 is achieved, not 400. If you are getting confused, this is the simple version  ::)  the Professional version with all settings exposed and money management is scheduled to come later.

This lot will be more fun than any other way of making money.  8)
Title: Easy Forex (ezefx.com)
Post by: e1vis on November 26, 2012, 05:39:46 PM
With everything going to plan, take a look at the new features in Caterpillar V05.

Each week, we are committing more funds into Caterpillar trading and enjoying a nice profitable period without any of those annoying stop losses.

With V05 it is even harder to lose with Caterpillar than it was before.

Now you can even use Cat V05 to take over those losing trades from other EAs, manual trading and those hard to manage hedged losses.

Have fun. We are  ;D

Thanks, looks promising.  What does it mean that it only works in "income" mode?  Does this mean that it won't compound?  It's simple interest only?  I notice in V04b there is nowhere to put a set balance.  Doesn't this mean that the EA detects the amount of funds in the account?  I'm confused haha, can you help me understand?

I have a similar question - reading the v4 documentation it seems that all lot size calculations are done using the multiplier. Does this mean there is no money management feature any more and, therefore, no compounding?

Also, what is the maximum account size that would work at xe markets bearing in mind max lots and max lot sizes?

If you wanted to let the account grow and compound at XE, is it possible or would you need lots of separate accounts?


Sent from my iPhone using Tapatalk

The initial V05 works like V04B in that Multiplier = 1 gives 10,000 fixed value regardless of the actual account size and a base lot size of 0.01. To scale up you increase the Multiplier so if Multiplier = 3, you get 30,000 fixed value and 0.03 base lot size.

For XE markets, the fixed value is automatically reduced from 10,000 to 100. Max lot size at XE Markets is 99.99 lots which should be enough I would have thought  ;)

If you are using the Supervisor/Trader setup, each Trader can have a different Multiplier if you want to trade some pairs at higher risk than others. The Supervisor can have its own Multiplier so if you want to trade a favourite pair at (say) Multiplier 4 and you have the Supervisor set to Multiplier 1, batches will be closed when a profit of 100 is achieved, not 400. If you are getting confused, this is the simple version  ::)  the Professional version with all settings exposed and money management is scheduled to come later.

This lot will be more fun than any other way of making money.  8)

Thanks. So if we want automatic compounding and money management we'll need to wait for the professional version? Any idea when that will be released?



Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 26, 2012, 05:46:05 PM
With everything going to plan, take a look at the new features in Caterpillar V05.

Each week, we are committing more funds into Caterpillar trading and enjoying a nice profitable period without any of those annoying stop losses.

With V05 it is even harder to lose with Caterpillar than it was before.

Now you can even use Cat V05 to take over those losing trades from other EAs, manual trading and those hard to manage hedged losses.

Have fun. We are  ;D

Thanks, looks promising.  What does it mean that it only works in "income" mode?  Does this mean that it won't compound?  It's simple interest only?  I notice in V04b there is nowhere to put a set balance.  Doesn't this mean that the EA detects the amount of funds in the account?  I'm confused haha, can you help me understand?

I have a similar question - reading the v4 documentation it seems that all lot size calculations are done using the multiplier. Does this mean there is no money management feature any more and, therefore, no compounding?

Also, what is the maximum account size that would work at xe markets bearing in mind max lots and max lot sizes?

If you wanted to let the account grow and compound at XE, is it possible or would you need lots of separate accounts?


Sent from my iPhone using Tapatalk

The initial V05 works like V04B in that Multiplier = 1 gives 10,000 fixed value regardless of the actual account size and a base lot size of 0.01. To scale up you increase the Multiplier so if Multiplier = 3, you get 30,000 fixed value and 0.03 base lot size.

For XE markets, the fixed value is automatically reduced from 10,000 to 100. Max lot size at XE Markets is 99.99 lots which should be enough I would have thought  ;)

If you are using the Supervisor/Trader setup, each Trader can have a different Multiplier if you want to trade some pairs at higher risk than others. The Supervisor can have its own Multiplier so if you want to trade a favourite pair at (say) Multiplier 4 and you have the Supervisor set to Multiplier 1, batches will be closed when a profit of 100 is achieved, not 400. If you are getting confused, this is the simple version  ::)  the Professional version with all settings exposed and money management is scheduled to come later.

This lot will be more fun than any other way of making money.  8)

Thanks. So if we want automatic compounding and money management we'll need to wait for the professional version? Any idea when that will be released?



Sent from my iPhone using Tapatalk

We are working on it now. January is likely. It could be part of the original release if all goes well but you know what they say about a watched pot!
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 26, 2012, 05:50:11 PM
Quote from: obe4life link=topic=2447.msg226405#msg226405
date=1353906630
Quote from: 999cjb
Actually, module 2 using the "11 as 9" settings has made 24 trades in the last six weeks without loss. But it can lose heavily if things go wrong.
[/quote

A few hours ago I loaded up EZE057 module 2 with the 9 settings. Two orders just closed for a profit. Thanks 999cjb for suggesting me to use it.

I lowered the risk to start with for testing purposes. I will eventually keep raising the risk until it reaches the default levels as long as everything goes well.

Well done on those profits. You may have made some more as I write this. My EZE057s have now closed all their trades for a good selection of profits.

But I should say that this setup has a stop loss of around 60 pips and has opened groups of up to five trades in live running in the past. So there is always the possibility of a 300 pip loss at some time in the future. You will see from our myfxbook link below how volatile this can be.

Yes I made a lot more in profits this morning. I made a total of $28, which is my record for my live account. Thanks again.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 27, 2012, 10:07:16 AM
Below is the myfxbook account for our first Caterpillar V05 demo running a Supervisor plus five Traders.

It is making very good progress already  :)

http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671/EJXA7wJT1RoaweF4TdKV (http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671/EJXA7wJT1RoaweF4TdKV)
Title: Re: Easy Forex (ezefx.com)
Post by: LarsFX on November 27, 2012, 10:13:14 AM
15,12% in 10 days - thats shady!  8)
If Cat keeps that pace i´ll look for a new flat/house/island in 2013  :P

Honestly, is that demo running with high risk or was it just a nice market situation, Cat saved the greens and has to deal with the remaining reds now?

Keep up the great work Chris!

Cheers - Lars

Below is the myfxbook account for our first Caterpillar V05 demo running a Supervisor plus five Traders.

It has making very good progress already  :)

http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671/EJXA7wJT1RoaweF4TdKV (http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671/EJXA7wJT1RoaweF4TdKV)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 27, 2012, 10:21:15 AM
15,12% in 10 days - thats shady!  8)
If Cat keeps that pace i´ll look for a new flat/house/island in 2013  :P

Honestly, is that demo running with high risk or was it just a nice market situation, Cat saved the greens and has to deal with the remaining reds now?

Keep up the great work Chris!

Cheers - Lars

Below is the myfxbook account for our first Caterpillar V05 demo running a Supervisor plus five Traders.

It has making very good progress already  :)

http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671/EJXA7wJT1RoaweF4TdKV (http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671/EJXA7wJT1RoaweF4TdKV)

Thanks Lars.

No, each Trader running at high risk because although Multiplier = 1 the account balance started at 10k when it should have been 50k. But the Supervisor is also running with Multiplier = 1 when it should probably be 5.

However, EDDE will control the closes when any one of the trades in drawdown reaches 1% of the balance so it will be interesting to see what happens.

At the moment, I wish we had put it on a live account!
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on November 27, 2012, 02:07:41 PM
Why not have an early Christmas this year?  ;)
Love to start working with the V05 asap.  :-*
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 27, 2012, 02:59:55 PM
Why not have an early Christmas this year?  ;)
Love to start working with the V05 asap.  :-*

Love to! But the documentation is not complete. There was no point doing it until we knew the software worked properly. Now it must be done.  :'(
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on November 27, 2012, 08:46:32 PM
Why not have an early Christmas this year?  ;)
Love to start working with the V05 asap.  :-*

Love to! But the documentation is not complete. There was no point doing it until we knew the software worked properly. Now it must be done.  :'(

Take all the time you need to make it even better.
We can and will wait.
Whats waiting a couple of weeks on mens lifetime?
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 27, 2012, 10:37:15 PM
I have an FXDD demo account and want to do a backtest with Caterpillar... I am having trouble with history though. I appear only to have back until May 2012. If I click the download button, it looks like it corrupts my history and I lose all of September.

Does anyone know what I'm doing wrong? What is the best way to get an accurate 90% backtest? Should I try a demo account with another broker? Are there places to download?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on November 28, 2012, 07:14:01 AM
I have an FXDD demo account and want to do a backtest with Caterpillar... I am having trouble with history though. I appear only to have back until May 2012. If I click the download button, it looks like it corrupts my history and I lose all of September.

Does anyone know what I'm doing wrong? What is the best way to get an accurate 90% backtest? Should I try a demo account with another broker? Are there places to download?

This is standard stuff for many MT4 brokers who know that if they give you rubbish data to backtest with you will not trade profitably. It's common sense from their point of view. Other brokers suffix their pair names so it is impossible to download from Metaquotes.

Alpari UK are a little better than most of the others for recent data but if you want real data from your own broker you need to leave an open chart running on that account for months and then do not attempt to download fresh data.

These days, if you want good data you either have to pay for it or go down the laborious Dukascopy route. We use FxtickData. Not free but it works.

Title: Re: Easy Forex (ezefx.com)
Post by: fx.mstr on November 28, 2012, 07:46:11 AM
I have an FXDD demo account and want to do a backtest with Caterpillar... I am having trouble with history though. I appear only to have back until May 2012. If I click the download button, it looks like it corrupts my history and I lose all of September.

Does anyone know what I'm doing wrong? What is the best way to get an accurate 90% backtest? Should I try a demo account with another broker? Are there places to download?

This is standard stuff for many MT4 brokers who know that if they give you rubbish data to backtest with you will not trade profitably. It's common sense from their point of view. Other brokers suffix their pair names so it is impossible to download from Metaquotes.

Alpari UK are a little better than most of the others for recent data but if you want real data from your own broker you need to leave an open chart running on that account for months and then do not attempt to download fresh data.

These days, if you want good data you either have to pay for it or go down the laborious Dukascopy route. We use FxtickData. Not free but it works.

Dukascopy data is good quality data, and it is not too difficult to download. You just have to open a demo account and you have 14 days to do that.

The problem with dukascopy data is that whatever result you get it is only a theoretical result because you are not able to use MT4 expert advisors at dukascopy, so you are not able to get their price and datafeed.

You can use an MT4 bridge between Jforex and any MT4 platform, but the data feed you will get is the MT4 broker's datafeed, and not dukascopy's.

It is also true for any other historical data. Whatever result you get on backtest it does not mean you will get the same result on your live account.

The one reason is the well known difference between paper trading and live trading, such as execution time, slippage, re-quotes, off-quotes, etc... and the other is the difference of the quality of service among brokers (spread, datafeed, pricefeed, etc...).

So if you do two backtests on 2 different historical data, you can get 2 totally different results and both can be valid and show 1-1 possible result. But you can get totally different result on your live trading from any of the backtests as well.
Title: Re: Easy Forex (ezefx.com)
Post by: JCrew7384 on November 28, 2012, 03:30:02 PM
I understand that. I am not looking for specific results, just general overview of when trades are entered and exited and stuff.

Also understood that results will vary based on broker, spread, slippage, execution time, etc.

Thanks!
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on November 30, 2012, 05:57:46 PM
999cjb,

I am going to try forex caterpillar again. I am going to load it onto a demo account with an U.S. broker and 1:50 leverage. I am going to use caterpillar V04B with GBP/CAD M15.

I probably could use Caterpillar with U.S. brokers as long as I put in extra funds. Lets say in the future, I run caterpillar on a live account. If I had an account with $20k in it, that could easily handle the 10,000 fixed rate and avoid a margin call that could happen with a 1:50 leverage broker.

Is this correct thinking on my part?
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on December 01, 2012, 08:13:12 AM
                      Cat Accounts this week made a total of 1300 VU's making it the 2nd best week so far.I have also started upping the multiplier to 2 on several accounts.Everything working great.
                       Just 2 accounts in deep DD on back of the falling Yen.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 01, 2012, 08:51:32 AM
999cjb,

I am going to try forex caterpillar again. I am going to load it onto a demo account with an U.S. broker and 1:50 leverage. I am going to use caterpillar V04B with GBP/CAD M15.

I probably could use Caterpillar with U.S. brokers as long as I put in extra funds. Lets say in the future, I run caterpillar on a live account. If I had an account with $20k in it, that could easily handle the 10,000 fixed rate and avoid a margin call that could happen with a 1:50 leverage broker.

Is this correct thinking on my part?

Yes it is but you may need to re-think the pair you want to use. GBPCAD has been ranging since 2010 but before that it dropped off a cliff from 2.09 down to 1.52 with some very sharp movements at times. One of the improvements in V05 is to allow other pairs to use their profits to bail out a pair in trouble. If you are running just one pair you would not be able to do this.

It is likely that USDCAD would be a better option in the longer term but, as always, we cannot foretell the future.

The great benefit of cent accounts for Caterpillar is the ability to spread your risk by running many pairs on many accounts if you wish. Soon, with V05 you can spread those risks on one account as well. I know there are massive limitations if you are a US resident  :(  but even use of a mini account such as Roboforex (which is now regulated by the Financial Markets Authority in New Zealand) or IBFX Australia would allow you to run ten times the number of pairs for the same investment.

 
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 01, 2012, 08:57:50 AM
                      Cat Accounts this week made a total of 1300 VU's making it the 2nd best week so far.I have also started upping the multiplier to 2 on several accounts.Everything working great.
                       Just 2 accounts in deep DD on back of the falling Yen.

Good news Nick. This has actually been a so-so week for Cat pairs not affected by the JPY with not much action but the profits still come, if a little more slowly. We are also upping Multipliers and upgrading to V05 so we can fully prove this before release.

Nick's two accounts in drawdown should be put into perspective. He is running between 20 and 30 Cat accounts in total so his risk is well spread which, as I mentioned in my previous post, is a good thing.
Title: Re: Easy Forex (ezefx.com)
Post by: viltsu on December 01, 2012, 09:20:38 AM
Just purchased the membership. Can't wait to test Cat V05. Before the release I just study the manuals etc..Interesting!
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 02, 2012, 10:22:01 AM
Just purchased the membership. Can't wait to test Cat V05. Before the release I just study the manuals etc..Interesting!

Welcome to EzeFX!

Cat V05 is getting even more interesting. This week we are updating some of our V05's to pre-release version V05B. This incorporates the latest scaled version of our Extended Drawdown Eater (EDDE) which aims to reduce drawdowns faster at the expense of some profits if the account free margin reduces.

The new scaled addition to EDDE removes the thousand pip limit which applied to previous drawdown eaters. Drawdowns of any size can now be eaten as long as broker account limits are not exceeded.

This, coupled with the V05 Supervisor's ability to use any authorised trades running on any currency pair on the same broker account to create profits while reducing drawdowns, should enable Cat to keep going through extremely difficult trading conditions should these occur in the future.

We are now using Cat V05 to take over some EZE057 open trades and some manual trades to further test and prove the software. But we can't backtest multi pair operations properly so we'll do it live.

Latest Sunday updates are now on the member site.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 05, 2012, 11:47:50 AM
Here is a backtest of Caterpillar V05B run on GBPCAD in Normal mode from 2008. Despite the price dropping from 2.07 to 1.48 (5,900 pips) before ranging more recently, the new scaled EDDE munched away at the drawdowns while continuing to pile up the profits. Used properly, Caterpillar is not a "glow & blow" product.

The backtest was run using V05B in Normal mode. We cannot backtest other modes of V05B due to the use of multiple pairs so we are running these modes live on many of our accounts now. We can tell you that V05B in Supervisor mode uses profits from all running pairs to wipe out drawdowns very quickly.

The scaled Drawdown Eater gives higher priority to eating drawdowns as the free margin reduces and as this increases again, returns to making greater profits.

Check out our live Cat results at
http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html) 
 
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on December 05, 2012, 07:35:39 PM
This CAT uses martingale ?
Title: Easy Forex (ezefx.com)
Post by: e1vis on December 05, 2012, 07:42:07 PM
Here is a backtest of Caterpillar V05B run on GBPCAD in Normal mode from 2008. Despite the price dropping from 2.07 to 1.48 (5,900 pips) before ranging more recently, the new scaled EDDE munched away at the drawdowns while continuing to pile up the profits. Used properly, Caterpillar is not a "glow & blow" product.

The backtest was run using V05B in Normal mode. We cannot backtest other modes of V05B due to the use of multiple pairs so we are running these modes live on many of our accounts now. We can tell you that V05B in Supervisor mode uses profits from all running pairs to wipe out drawdowns very quickly.

The scaled Drawdown Eater gives higher priority to eating drawdowns as the free margin reduces and as this increases again, returns to making greater profits.

Check out our live Cat results at
http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Very nice :)

Is the eta for v5b still this month?


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 05, 2012, 07:47:15 PM
Here is a backtest of Caterpillar V05B run on GBPCAD in Normal mode from 2008. Despite the price dropping from 2.07 to 1.48 (5,900 pips) before ranging more recently, the new scaled EDDE munched away at the drawdowns while continuing to pile up the profits. Used properly, Caterpillar is not a "glow & blow" product.

The backtest was run using V05B in Normal mode. We cannot backtest other modes of V05B due to the use of multiple pairs so we are running these modes live on many of our accounts now. We can tell you that V05B in Supervisor mode uses profits from all running pairs to wipe out drawdowns very quickly.

The scaled Drawdown Eater gives higher priority to eating drawdowns as the free margin reduces and as this increases again, returns to making greater profits.

Check out our live Cat results at
http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

Very nice :)

Is the eta for v5b still this month?


Sent from my iPhone using Tapatalk

@guernica. Not as you see it in many of the Marts which glow & blow in other threads. There is a limited scaled lot size incrementation which gives good results. That's why we are running 58 Cats on our live accounts.

@e1vis. Yes it is. We are running all 3 modes live now to thoroughly test it before release.
Title: Re: Easy Forex (ezefx.com)
Post by: stevespoon on December 05, 2012, 08:19:00 PM
Hi cjb

I am running v03 on 5 pairs with $300 on XE micro chart. I started this last Monday but it doesn't seem to be doing much, opening the odd position.  I have only installed the dll file and Catv03. So far dd is neg and profit of $1.9

Any Advice? Many thanks in advance



Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 05, 2012, 10:17:39 PM
Hi cjb

I am running v03 on 5 pairs with $300 on XE micro chart. I started this last Monday but it doesn't seem to be doing much, opening the odd position.  I have only installed the dll file and Catv03. So far dd is neg and profit of $1.9

Any Advice? Many thanks in advance

Hello Steve. Cat needs quite a few trades open before it builds up enough profits to close a batch. So it is always slow to start. Once it gets going, it usually builds up to taking regular steady profits.

We started an XE account with 5 pairs on 20th November and it took seven days to take the first profit batch. Depending on the pairs you picked the results would obviously vary so I don't think there is a problem.

This week we upgraded to V05B so things are moving faster. Your 5 pairs would be a good candidate for an upgrade when V05B is released at the end of the month.
Title: Experienced Beta Testers Wanted
Post by: 999cjb on December 07, 2012, 10:30:45 AM
We have now completed and are running live on our production version of Caterpillar V05B.

If any experienced Cat user would like to beta test this new version, please let me know today. Only existing members who know and use Cat should apply.

We need a maximum of four testers only. If there are more than four applicants, we shall have to select those who we think are best qualified.

Testers will receive the software and operations manual only. Each tester can apply for two additional free keycodes over and above their existing quota.

We ask that the selected testers report their experiences and results in this thread.

Thanks for looking  :)
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on December 07, 2012, 12:21:38 PM
CAT can work with other EA's in same account ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 07, 2012, 12:25:56 PM
CAT can work with other EA's in same account ?

All EzeFX EAs control their trades by magic numbers so as long as those numbers are not duplicated by other EAs there is no problem.

In addition, Versions 03, 04 and 05 of Cat have facilities for specifying the amount of the total broker account balance that you wish to use or the size of risk you wish to take. So Cat will be fine with other EAs but the real question is "Will the other EAs be fine with Cat?".
Title: Re: Easy Forex (ezefx.com)
Post by: guernica on December 07, 2012, 12:29:59 PM
Thanks. Very nice.
What are the diference between EA's 3, 4 and 5 ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 07, 2012, 12:34:11 PM
Thanks. Very nice.
What are the diference between EA's 3, 4 and 5 ?

Improvements in performance, options to make Cat easier to use and, in V05, the ability to run with multiple pairs under group management and a new, scaled drawdown eater.
Title: Re: Experienced Beta Testers Wanted
Post by: dutchie on December 07, 2012, 05:03:52 PM

We need a maximum of four testers only. If there are more than four applicants, we shall have to select those who we think are best qualified.

Like to test V05B!
let me know next step
Title: Re: Experienced Beta Testers Wanted
Post by: 999cjb on December 07, 2012, 05:46:32 PM

We need a maximum of four testers only. If there are more than four applicants, we shall have to select those who we think are best qualified.

Like to test V05B!
let me know next step

Thanks for the offer. We are selecting our four testers over the weekend and will PM those four on Sunday.

I'll just repeat the message below:-

We have now completed and are running live on our production version of Caterpillar V05B.

If any experienced Cat user would like to beta test this new version, please let me know today. Only existing members who know and use Cat should apply.

We need a maximum of four testers only. If there are more than four applicants, we shall have to select those who we think are best qualified.

Testers will receive the software and operations manual only. Each tester can apply for two additional free keycodes over and above their existing quota.

We ask that the selected testers report their experiences and results in this thread.
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on December 07, 2012, 06:09:34 PM
  I would like to test V05 on at least 2 accounts currently suffering DD.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 07, 2012, 06:40:02 PM
  I would like to test V05 on at least 2 accounts currently suffering DD.

Thanks Nick.

I'll just repeat the message below:-

We have now completed and are running live on our production version of Caterpillar V05B.

If any experienced Cat user would like to beta test this new version, please let me know today. Only existing members who know and use Cat should apply.

We need a maximum of four testers only. If there are more than four applicants, we shall have to select those who we think are best qualified.

Testers will receive the software and operations manual only. Each tester can apply for two additional free keycodes over and above their existing quota.

We ask that the selected testers report their experiences and results in this thread.
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on December 07, 2012, 09:31:12 PM
     Best week so far for Cat.Total VU's gained 2600.

     Two accounts in DD with little movement over the week on either.

     
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 09, 2012, 08:07:20 AM
This week's member update is now available on the member site. This has been a very profitable week again for Cat, another "best week ever". This is partly due to the improved performance of the new V05B which is still on target for release at the end of this month.

The V05B beta test material is now ready and the selected testers will be contacted this afternoon (GMT).

We are working on a completely new website format which we hope will provide much needed clarity and ease of use to our sites. The Member site will be the first to benefit from this as we look forward to a bright 2013.
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on December 09, 2012, 11:38:23 PM
   Thanks to Ezefx for allowing me to beta test V05.

                  I have set up 2 new accounts with XE markets with $50 in each.(will be $75 with bonus).Both accounts will have the same 4 currency pairs but one account will run with the Supervisor/Trader option whilst the other will trade normally with the pairs individually.

                 With permission from Ezefx I have also updated a further six accounts to V05.Two of which are in DD.

                 All accounts are running at much higher risk than recommended.Ezefx recommends $100 per currency pair so the two XE accounts should have $400 each.I do have a Skrill account with funds ready to add as/when/if needed.Adding funds via skrill is instantaneous.
   Here is a link to the two XE accounts:
     
               http://www.myfxbook.com/members/nickcnew/cat-v05-beta-supervisortrader/439496
               http://www.myfxbook.com/members/nickcnew/cat-v05-beta/439497
Title: Re: Easy Forex (ezefx.com)
Post by: FXJester on December 10, 2012, 03:09:48 PM
Running 2 accounts (funded with approx $100 each)

with supervison - http://www.myfxbook.com/members/FXJester/cat-gen2/440071
standard        - http://www.myfxbook.com/members/FXJester/cat-decor1/440067

Both account trading pairs EURUSD, GBPUSD, AUDNZD, AUDCAD, AUDUSD
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 11, 2012, 09:54:20 AM
When running multiple pairs with Caterpillar, we have talked about the need to pick non correlating pairs where possible as these should reduce the risk of sustained drawdowns which can impact profit growth.

Now myfxbook have produced a new correlation section with a number of nice features included. The only problem I can see is that the longest correlation period is one month. I would have liked to see a one year period as well.

See the new facility at:-

http://www.myfxbook.com/forex-market/correlation  (http://www.myfxbook.com/forex-market/correlation)
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on December 11, 2012, 05:22:45 PM
Oanda has a updated correlation table.
Not with % but with red/blue colors.
http://fxtrade.oanda.com/analysis/currency-correlation
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 11, 2012, 06:45:21 PM
Oanda has a updated correlation table.
Not with % but with red/blue colors.
http://fxtrade.oanda.com/analysis/currency-correlation

Good spot Dutchie. Have a rep  :)

The only shortcoming of this table is that there are "only" twelve pairs to compare.

But it does have a one year comparison and three different ways to show the correlation. So 9 out of 10 for Oanda with this effort.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on December 11, 2012, 06:47:23 PM
Wow, seems like USDCAD isn't correlated with anything almost.  Good to know...
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 11, 2012, 06:51:10 PM
Wow, seems like USDCAD isn't correlated with anything almost.  Good to know...

When looking for non correlated pairs for Caterpillar, a strong negative correlation is as bad as a strong positive. So you still need to be careful.

Of course. most of our accounts have had pairs added either for diversity or for low spread. If we were starting again we would pay much more attention to correlation.
Title: Re: Easy Forex (ezefx.com)
Post by: ultracat on December 11, 2012, 07:02:53 PM
OK thanks for clarifying.  I wasn't reading the chart correctly then.
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on December 11, 2012, 09:41:36 PM
Just starting with Caterpillar.
So I will have spend some attention to correlation ......it's never to late to change a strategy
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on December 11, 2012, 09:59:38 PM
Another one is here:
http://www.investing.com/forex-tools/correlation-calculator
With time frame is daily and 300 number of periods we have almost a year.
"Guess" the results nearest to zero are the ones with almost no correlation
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 11, 2012, 10:33:41 PM
Another one is here:
http://www.investing.com/forex-tools/correlation-calculator
With time frame is daily and 300 number of periods we have almost a year.
"Guess" the results nearest to zero are the ones with almost no correlation

Yes, that's a good one too.

Time to do some calculations tomorrow. It's tempting to open even more accounts now  :)
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on December 12, 2012, 06:12:32 AM
CADJPY (-114 pips), AUDJPY (-125 pips) position open, where is this gonna end?  :(
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 12, 2012, 07:46:52 AM
CADJPY (-114 pips), AUDJPY (-125 pips) position open, where is this gonna end?  :(

It may well end after 16th December when the Japanese elections are held. But the current prices are by no means unusual. CADJPY is 83.88 as I write this. In March this year the price was up at 84.7 and in April 2011 it was 89.3. In 2007 it was 125.3. AUDJPY is in a similar situation.

CAD & AUD are strong at the moment and the JPY is weak. Cats running at standard risk with re-funding available are not in any trouble at this stage.

I am looking at one of our accounts now which is running V05B. We first put Cat on this account in September to take over from a Fun$50 account in deep drawdown so it was in trouble from the start. Now, three months later, it is in 50% drawdown running USDCAD CADJPY and EURUSD. Margin level is still over the 1,000% level where I would consider re-funding.

But the main point is that this account is three times underfunded to run these Cats. So I would need to re-fund double the original investment just to get Cat to standard risk. This would reduce the drawdown to 17%. This is our "worst" account out of more than 20.

Worried? No I'm not.

Edit

Sorry, I was wrong. This account is running Multiplier=2 so the account is actually six times underfunded, making the drawdown at standard risk 8%.

I see this as an opportunity to deposit more funds and add another two uncorrelated pairs to speed up the drawdown reduction. The account will still be five times underfunded when this is done.

Prices move, that's a fact. Cat runs with the moves, keeps making money and with my funding reserves in place will never lose.

That's how to trade Forex. But it's just my opinion. You lose if you want to.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: hawkfx on December 13, 2012, 03:03:59 AM
when catv05 will be released to public?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 13, 2012, 07:26:02 AM
when catv05 will be released to public?

Near the end of this month. We are running V05 now on ten live accounts and one dodgy demo while this week's excitement is giving our new software a good workout. so far, it is running perfectly with no modifications needed.

The delay in release is so we can complete the updates to our documentation.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 13, 2012, 09:45:27 AM
I think I can safely say that Caterpillar V05B is working this morning.

In the last nine hours, the Cat Supervisors have closed 25 profit batches. My incoming emails look like the football results coming in on a Saturday afternoon.

 :) :) :) :) :)
Title: Re: Easy Forex (ezefx.com)
Post by: viltsu on December 13, 2012, 10:25:13 AM
But the DD is huge! Aren't you uncomfortable with that?

http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671

Thanks,

Ville
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 13, 2012, 10:54:26 AM
But the DD is huge! Aren't you uncomfortable with that?

http://www.myfxbook.com/members/realgains/cat-v05-st-demo/431671

Thanks,

Ville

Hello Ville

The account you are showing is a demo account set up to do initial tests on Cat V05B. It is deliberately five times underfunded because I am not bothered what happens to it and I shall probably close it before too long as we now have many live accounts running the same software. The account is also running CADJPY, USDJPY and EURJPY as three of its five pairs, hardly uncorrelated are they. As it happens, the events of the past few days have allowed us to thoroughly test the updated drawdown eater facilities as well as the new Supervisor role so it has done its job.

But in my opinion your account balance is there to be used. If you run an EA whose drawdown never exceeds 5%, you could easily remove 90% of the funds in that account and put them to good use elsewhere.

Although we have standard risk parameters, most of our live accounts are deliberately underfunded by up to ten times, which is why many of them are showing high drawdowns. Our policy of ensuring that as far as possible we use brokers providing instant funds transfer facilities means that we can inject more funds whenever Cat displays a warning message and then remove them later when they are no longer required.

We are extremely happy that Cat V05B is performing exactly as expected and are getting on with the documentation while those profit batches continue to come in.

Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 13, 2012, 03:21:50 PM
We have now shut down EZE057 module 2 and earlier EZE0xx EAs until mid January.

EZE057 module 1 and Caterpillar will continue to run as the holiday period is not a problem for them.
Title: Easy Forex (ezefx.com)
Post by: IFFTrader on December 14, 2012, 12:24:39 AM
How you shutdown the EA for holiday? Just cut loss or profit on the opening trades?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 14, 2012, 02:09:42 AM
How you shutdown the EA for holiday? Just cut loss or profit on the opening trades?

There is no need to shut down Caterpillar.

To shut down the other EAs, just set Direction=0. This will not open new trades but will allow existing trades to close normally.
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on December 14, 2012, 06:33:43 AM
CADJPY (-260 pips, 7th sell position), AUDJPY (-262 pips, 9th sell position) and USDJPY (7th sell position) are causing more and more drawdown. I have to add funds.

What I dont get that in case of CADJPY there is 1 buy position open, but 7 sell position in huge drawdon, in cause of AUDJPY there are 8 buy position open (not just 1) and 9 sell (why 9 and not 7?) position open with huge drawdon and in case of USDJPY there are 0 (!) buy position open but 7 sell position with huge drawdown.

I don't get this logic  :'(
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 14, 2012, 07:12:53 AM
CADJPY (-260 pips, 7th sell position), AUDJPY (-262 pips, 9th sell position) and USDJPY (7th sell position) are causing more and more drawdown. I have to add funds.

What I dont get that in case of CADJPY there is 1 buy position open, but 7 sell position in huge drawdon, in cause of AUDJPY there are 8 buy position open (not just 1) and 9 sell (why 9 and not 7?) position open with huge drawdon and in case of USDJPY there are 0 (!) buy position open but 7 sell position with huge drawdown.

I don't get this logic  :'(

Cat is mechanically logical and the situation you describe is not necessarily unusual.

But we would like to see details of the open and closed trades, the version of Cat you are running, the set files you are using and the risk level you are running.

A good start would be if you can set up or make available a private myfxbook link so we can investigate and then mail us with the other details.

While we have added some funds to five and ten times underfunded accounts, they are still well underfunded. Our accounts funded at standard risk are nowhere near needing to have additional funds.

Our Cat V05B accounts are all performing very well and the JPY pair drawdowns are as we would expect in this trending session.
Title: Re: Easy Forex (ezefx.com)
Post by: mattcons on December 14, 2012, 09:07:43 AM
56 pages later, head hurts but I still need time to think.

What I understand is $100 per pair 2 - 4 pairs per account.

need to read again.  :(
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 14, 2012, 09:30:07 AM
56 pages later, head hurts but I still need time to think.

What I understand is $100 per pair 2 - 4 pairs per account.

need to read again.  :(

Yes. Standard risk is $100 per pair on a cent account. The number of pairs should equal the number of $100's of deposit. Underfunding means using less than $100 per pair. We often start a new account with 5 pairs and $50 in total so ten times underfunded, then add funds as and when needed.

Our new website will hopefully make the whole process of understanding how to install, set up and use Caterpillar simpler and clearer.
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on December 14, 2012, 10:00:59 AM
56 pages later, head hurts but I still need time to think.

What I understand is $100 per pair 2 - 4 pairs per account.

need to read again.  :(

Yes. Standard risk is $100 per pair on a cent account. The number of pairs should equal the number of $100's of deposit. Underfunding means using less than $100 per pair. We often start a new account with 5 pairs and $50 in total so ten times underfunded, then add funds as and when needed.

Our new website will hopefully make the whole process of understanding how to install, set up and use Caterpillar simpler and clearer.

      I have now updated all my accounts to V05 and have seen profits hit 10000 VU's for the week.(Over $100 on cent accounts)
      This has gone side by side with DD in multiple accounts where re-funding has been needed.

      If using the high risk strategy its imperative that you have instant access to additional funds that can immediately be used when an account is in DD.
      One of the brokers I was using  took 16 hours to transfer money into an account using skrill.

Its quite clear on the Ezefx website the recommended brokers and whether they offer instant deposits in accounts and instant transfers between accounts.(I should of read it properly) ::)
Title: Re: Easy Forex (ezefx.com)
Post by: dutchie on December 14, 2012, 10:01:41 AM
Help me with this calculation please.
I'm using FXClearing cent accounts with a maximum Position Size of 1 standard (100 micro) lot.
At how many open positions will this max. reached?
Asking because I see the lot size tripled on each new position: 0.01 0.03 0.09 0.27
What will be next lot size: 3 * 0.27 = 0.81
and then 3 * 0.81 = 2.43
and further???
is this the calculation for the next lot size variable?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 14, 2012, 10:33:51 AM
Help me with this calculation please.
I'm using FXClearing cent accounts with a maximum Position Size of 1 standard (100 micro) lot.
At how many open positions will this max. reached?
Asking because I see the lot size tripled on each new position: 0.01 0.03 0.09 0.27
What will be next lot size: 3 * 0.27 = 0.81
and then 3 * 0.81 = 2.43
and further???
is this the calculation for the next lot size variable?

The number of open positions depends on the pair you are running but at full stretch would be from seven in one direction (0.01 0.01 0.01 0.03 0.09 0.27 0.81) and perhaps 3 in the other. With some pairs seven may go to perhaps twelve but the additional positions would all be at minimum lot size.

0.81 is the maximum lot size incrementation if Multiplier=1. If Multiplier is upped to 2, all new positions double in size but there are no further incrementations after 81 times the original lot size.

But the larger lot sizes only open once the price movement has increased by multiples of the original gap sizes between trades.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 15, 2012, 11:47:37 AM
In a very interesting trading week, the new Caterpillar V05B had a real baptism of fire.

At the beginning of the week we added another ten trading pairs in existing accounts to improve the efficiency of Cat Supervisor in generating profit batches. We thought that five Cat traders plus the Supervisor in one account would provide good results.

So we are now running 68 Cat Trader pairs in 20 broker accounts plus the one beta test in a demo account.

The results have been spectacular. Another "best week ever" with a huge 50% profit increase over the previous best of last week. We made almost 10,000VU and improved our average annual profit to 47%.

We always knew that Cat needed drawdowns to perform at its best and have been looking for the elusive "sweet spot" seen in backtests which put on huge profits. This week I have been almost glued to my screens watching all this happen while the emailed profit messages sent by the Cat Supervisors ran like a ticker tape. Frankly, it's a relief to have a day of quiet relaxation coupled with a great sense of satisfaction. During all the hectic activity, the new Cat has performed impeccably, with no errors or problems.

Some members have been concerned about drawdowns as the week progressed and we have deposited additional funds in four of our twenty accounts. But these accounts were six times underfunded and even now are still three times underfunded. Accounts funded at our recommended standard risk settings have no problems whatsoever.

One Cat pair at standard risk should be able to withstand a trend of over 1,000 pips and running 5 Cat traders in an account with a Supervisor (which enables profits from the other pairs to bail out a pair in "trouble") should greatly increase this limit. But we stand ready with additional funds in these extreme circumstances as we intend that a live Cat will never lose.

Our demo account has done its job. It is five times underfunded and we shall wait and see what happens to it. Perhaps it will blow up, providing us with our first look at a Cat blown account. This will be a real novelty.

We shall continue running our Cats right through the holiday period and continue to work on our new website and Cat V05 documentation. But we shall find time to enjoy Christmas  :)
Title: Easy Forex (ezefx.com)
Post by: e1vis on December 15, 2012, 03:32:39 PM
Will Cat 5 work without issue on an IBFX AU mini account (10,000 unit contract size), with presumably $1,000 needed per pair at standard risk?

Would you have any concerns about this set up?
Thanks


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 15, 2012, 04:26:29 PM
Will Cat 5 work without issue on an IBFX AU mini account (10,000 unit contract size), with presumably $1,000 needed per pair at standard risk?

Would you have any concerns about this set up?
Thanks


Sent from my iPhone using Tapatalk

We have not supplied any mini brokers with our questionnaire but we run EZE057 on IBFX AU with no problems.

But you cannot run Cat V04B or Cat V05B with this broker because to run on IBFX AU they need adjustments to the settings to work properly.

We have backtested EURUSD on our live account using the actual IBFX AU data using Cat V03 with adjusted settings and this works fine.

Cat V05P would be a good bet for this broker when it is released as it will have all the updates and benefits of V05B with the ability to adjust the settings.

They offer leverage of up to 1:400 which is OK. They also offer swap free accounts but their site is having problems at this time so I cannot enquire further. Swaps are all negative which is not the best as you will lose an increasing percentage of your gains on trades which last for longer periods of time.

My personal preference with $1,000 per pair is to run a cent account with a Multiplier of 10 because where the base lot size is 0.01 and the multiplied lot sizes would start at 0.10, the drawdown eater can operate more efficiently. But if you like IBFX AU for reasons of confidence or location, it would be viable.
Title: Re: Easy Forex (ezefx.com)
Post by: nwboater on December 15, 2012, 04:52:48 PM
Hi 999cjb,

Every time I look at your thread I glance at the two myfxbook charts at the bottom of your posts. I assume the one on the left is some older version of your EA and the one on the right of course is your Cat.

Cat has been averaging around 3% monthly with a DD between 20%-44% (aprox). I believe that the 3% monthly is something around your objective for it. The one on the left has a monthly gain of 8-9% with a DD around 24%.

I know you argue that the funds in the account are there to be used and one should not be concerned about DD. But for most people considering an EA for more than just a small cent account a DD approaching half their account would be very difficult to live with.

So my basic question is why should I consider using an EA (Cat) that at times has twice the DD and about a third the profit of another EA (the one on the left)?

In closing I want to thank you for your transparency and helpfulness on this forum.

Have a great weekend.

Rod
Title: Re: Easy Forex (ezefx.com)
Post by: obe4life on December 15, 2012, 05:25:58 PM
Hi 999cjb,

Every time I look at your thread I glance at the two myfxbook charts at the bottom of your posts. I assume the one on the left is some older version of your EA and the one on the right of course is your Cat.

Cat has been averaging around 3% monthly with a DD between 20%-44% (aprox). I believe that the 3% monthly is something around your objective for it. The one on the left has a monthly gain of 8-9% with a DD around 24%.

I know you argue that the funds in the account are there to be used and one should not be concerned about DD. But for most people considering an EA for more than just a small cent account a DD approaching half their account would be very difficult to live with.

So my basic question is why should I consider using an EA (Cat) that at times has twice the DD and about a third the profit of another EA (the one on the left)?

In closing I want to thank you for your transparency and helpfulness on this forum.

Have a great weekend.

Rod

EZE057 with the 9 settings (the chart on the left) will continue to have a better equity gain than caterpillar since EZE057 has less open orders and less spread costs. Caterpillar has a large expense to maintain with all the spreads that are racking up costs.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 15, 2012, 06:44:06 PM
Hi 999cjb,

Every time I look at your thread I glance at the two myfxbook charts at the bottom of your posts. I assume the one on the left is some older version of your EA and the one on the right of course is your Cat.

Cat has been averaging around 3% monthly with a DD between 20%-44% (aprox). I believe that the 3% monthly is something around your objective for it. The one on the left has a monthly gain of 8-9% with a DD around 24%.

I know you argue that the funds in the account are there to be used and one should not be concerned about DD. But for most people considering an EA for more than just a small cent account a DD approaching half their account would be very difficult to live with.

So my basic question is why should I consider using an EA (Cat) that at times has twice the DD and about a third the profit of another EA (the one on the left)?

In closing I want to thank you for your transparency and helpfulness on this forum.

Have a great weekend.

Rod

Hello Rod. Frankly, I would like to change both the charts for two others. But then someone would accuse me of removing the existing ones for some nefarious reason. The fact is that neither of the charts represent fairly just what is going on at EzeFX at the moment.

The EZE057 chart is one of only three accounts now running the rather infamous EZE057 module 2. This is very pair and broker dependent and does not perform well unless run under strict conditions. It is also capable of making large holes in your account given the chance. We have put updates to or replacements for EZE057 to one side for now to concentrate on the Cat V05 releases. Unfortunately in a way, many newcomers to EzeFX think EZE057 is the way to go based on those two charts which is very frustrating.

The Cat chart is from an account originally running EZE057 Fun$50 which was upgraded to Cat V03 on two pairs which are both well down our performance league table. This month we upgraded them to Cat V05B, added a Supervisor and another pair which is also in a lowly performance position so the account is now rumbling along making just over 50% per annum and in a 44% drawdown. This drawdown is overstated as the account is three times underfunded. If we had three times the funds in the account to put it on a standard funding basis, the drawdown would be a much more reasonable 15%.

Some of our Cat live accounts are shown on

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

and if I pick one from these it shows we opened the account two months ago running three pairs and it has made good profits despite being six times underfunded at the start. This account is interesting in that two of the pairs are EURJPY and GBPJPY which as you know have been trending well lately. We have made some additional deposits but the account is still underfunded. Unfortunately, myfxbook basic information works on the original deposit so overstates both the profitability and drawdown. So to find out what is really going on you have to look more closely.

In comparing EZE057 and Caterpillar, the difference is that with EZE057, as with many other EAs, when you hit stop loss that trade is lost forever. You have to win the money back the hard way. With Caterpillar, trades are kept until they can form part of a profitable result and the intention is that there should never be a losing trade batch.

I think it is very interesting that many people would happily buy a new car and accept that they have lost 50% of its value as soon as they drive it away. But the same people would not accept a 50% drawdown that will come back some day soon and add to profits. That's life I suppose.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 15, 2012, 06:49:59 PM
Hi 999cjb,

Every time I look at your thread I glance at the two myfxbook charts at the bottom of your posts. I assume the one on the left is some older version of your EA and the one on the right of course is your Cat.

Cat has been averaging around 3% monthly with a DD between 20%-44% (aprox). I believe that the 3% monthly is something around your objective for it. The one on the left has a monthly gain of 8-9% with a DD around 24%.

I know you argue that the funds in the account are there to be used and one should not be concerned about DD. But for most people considering an EA for more than just a small cent account a DD approaching half their account would be very difficult to live with.

So my basic question is why should I consider using an EA (Cat) that at times has twice the DD and about a third the profit of another EA (the one on the left)?

In closing I want to thank you for your transparency and helpfulness on this forum.

Have a great weekend.

Rod

EZE057 with the 9 settings (the chart on the left) will continue to have a better equity gain than caterpillar since EZE057 has less open orders and less spread costs. Caterpillar has a large expense to maintain with all the spreads that are racking up costs.

That's a very interesting observation. I think you probably mean swaps rather than spreads. Swaps can play a significant part in reducing longer term profits which is why we have them listed on our Broker Spreads chart in the member area. But some of our brokers have no swaps at all while others have both way swaps which are not so bad.

I would rather run Cat on an account with higher spreads and no swaps any day.
Title: Re: Easy Forex (ezefx.com)
Post by: nwboater on December 15, 2012, 08:19:12 PM
Hi 999cjb,

Every time I look at your thread I glance at the two myfxbook charts at the bottom of your posts. I assume the one on the left is some older version of your EA and the one on the right of course is your Cat.

Cat has been averaging around 3% monthly with a DD between 20%-44% (aprox). I believe that the 3% monthly is something around your objective for it. The one on the left has a monthly gain of 8-9% with a DD around 24%.

I know you argue that the funds in the account are there to be used and one should not be concerned about DD. But for most people considering an EA for more than just a small cent account a DD approaching half their account would be very difficult to live with.

So my basic question is why should I consider using an EA (Cat) that at times has twice the DD and about a third the profit of another EA (the one on the left)?

In closing I want to thank you for your transparency and helpfulness on this forum.

Have a great weekend.

Rod

Hello Rod. Frankly, I would like to change both the charts for two others. But then someone would accuse me of removing the existing ones for some nefarious reason. The fact is that neither of the charts represent fairly just what is going on at EzeFX at the moment.

The EZE057 chart is one of only three accounts now running the rather infamous EZE057 module 2. This is very pair and broker dependent and does not perform well unless run under strict conditions. It is also capable of making large holes in your account given the chance. We have put updates to or replacements for EZE057 to one side for now to concentrate on the Cat V05 releases. Unfortunately in a way, many newcomers to EzeFX think EZE057 is the way to go based on those two charts which is very frustrating.

The Cat chart is from an account originally running EZE057 Fun$50 which was upgraded to Cat V03 on two pairs which are both well down our performance league table. This month we upgraded them to Cat V05B, added a Supervisor and another pair which is also in a lowly performance position so the account is now rumbling along making just over 50% per annum and in a 44% drawdown. This drawdown is overstated as the account is three times underfunded. If we had three times the funds in the account to put it on a standard funding basis, the drawdown would be a much more reasonable 15%.

Some of our Cat live accounts are shown on

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

and if I pick one from these it shows we opened the account two months ago running three pairs and it has made good profits despite being six times underfunded at the start. This account is interesting in that two of the pairs are EURJPY and GBPJPY which as you know have been trending well lately. We have made some additional deposits but the account is still underfunded. Unfortunately, myfxbook basic information works on the original deposit so overstates both the profitability and drawdown. So to find out what is really going on you have to look more closely.

In comparing EZE057 and Caterpillar, the difference is that with EZE057, as with many other EAs, when you hit stop loss that trade is lost forever. You have to win the money back the hard way. With Caterpillar, trades are kept until they can form part of a profitable result and the intention is that there should never be a losing trade batch.

I think it is very interesting that many people would happily buy a new car and accept that they have lost 50% of its value as soon as they drive it away. But the same people would not accept a 50% drawdown that will come back some day soon and add to profits. That's life I suppose.

Thanks very much for your typical thorough and transparent response!

Bummer that you can't show more typical charts for your latest EAs. Guess you are limited to two charts here.

Too bad that your EZE057 module 2 has some difficulties. But again I really respect your just putting the 'straight scoop' out there.

I'm afraid that I'm not one that could live with 40-50% drawdowns. And for me the new car analogy doesn't work. The only new car I ever bought was a 1975 Ford. Second biggest financial mistake I ever made. The first biggest was selling my San Francisco area home at the peak of California's decline in the 90s. I took that money and invested it in US stock mutual funds and watched it further decline. That period of my life is a classic example of 'Buy high and sell low'! Since then I have had to become much more conservative with my limited funds.

If your Cat V05B can fairly safely deliver 50% annual with not much more than 15% DD I would be very interested.

What might convince a lot of people here that this could be a serious approach would be for you to start an account with a good sum of money, say $5,000+. I guess with the Cat system this would need to be split between multiple accounts. But the idea would be to show what can realistically be done, not what is happening with underfunded accounts, etc. There should be some way of tracking the total profits and DD for this new group of Cats. Is this something you could do?

Thanks again for your honest, open, and helpful approach.

Rod
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 15, 2012, 08:52:18 PM

If your Cat V05B can fairly safely deliver 50% annual with not much more than 15% DD I would be very interested.

What might convince a lot of people here that this could be a serious approach would be for you to start an account with a good sum of money, say $5,000+. I guess with the Cat system this would need to be split between multiple accounts. But the idea would be to show what can realistically be done, not what is happening with underfunded accounts, etc. There should be some way of tracking the total profits and DD for this new group of Cats. Is this something you could do?

Thanks again for your honest, open, and helpful approach.

Rod

Thank you for your comments Rod. But if I could guarantee not to exceed 15% drawdown I would remove 75% of my funds from the account and use them for something else. Why leave them there doing nothing?

This is effectively what I am doing anyway. We have built up our live public Cat accounts so that we have abut $3,000 invested now. This is enough to deal with the current situation. We have another $30,000 cash immediately available to meet potential problems in the future plus more in reserve. We could have dumped all this into the broker accounts to reduce the drawdowns to a negligible amount but I just can't see the point.

This week the $3,000 invested has seen a profit of $100. If this were to continue at the same rate that $3,000 would be $8,000 this time next year. Yes, it is spread over twenty broker accounts but this IMO is prudence. We are continually adding pairs and broker accounts to our Cat collection and upping the stakes on existing pairs where it is reasonable to do so. Each month our rate of profit increase is growing but due to our policy of only depositing additional funds when they are needed, the drawdowns will remain significant.

http://www.forexcaterpillar.com/CatLifePublic.pdf  (http://www.forexcaterpillar.com/CatLifePublic.pdf)

explains how our strategy was formulated. Members have access to an extended version showing the implementation plan.

There is nothing to hide here. We show real accounts, real results and leave traders to make their own decision about whether to make money with Caterpillar or not. There is no hurry. This is not a "Glow & Blow" strategy but a business plan.

Regards
Chris
Title: Re: Easy Forex (ezefx.com)
Post by: nwboater on December 15, 2012, 09:37:53 PM

If your Cat V05B can fairly safely deliver 50% annual with not much more than 15% DD I would be very interested.

What might convince a lot of people here that this could be a serious approach would be for you to start an account with a good sum of money, say $5,000+. I guess with the Cat system this would need to be split between multiple accounts. But the idea would be to show what can realistically be done, not what is happening with underfunded accounts, etc. There should be some way of tracking the total profits and DD for this new group of Cats. Is this something you could do?

Thanks again for your honest, open, and helpful approach.

Rod

Thank you for your comments Rod. But if I could guarantee not to exceed 15% drawdown I would remove 75% of my funds from the account and use them for something else. Why leave them there doing nothing?

This is effectively what I am doing anyway. We have built up our live public Cat accounts so that we have abut $3,000 invested now. This is enough to deal with the current situation. We have another $30,000 cash immediately available to meet potential problems in the future plus more in reserve. We could have dumped all this into the broker accounts to reduce the drawdowns to a negligible amount but I just can't see the point.

This week the $3,000 invested has seen a profit of $100. If this were to continue at the same rate that $3,000 would be $8,000 this time next year. Yes, it is spread over twenty broker accounts but this IMO is prudence. We are continually adding pairs and broker accounts to our Cat collection and upping the stakes on existing pairs where it is reasonable to do so. Each month our rate of profit increase is growing but due to our policy of only depositing additional funds when they are needed, the drawdowns will remain significant.

http://www.forexcaterpillar.com/CatLifePublic.pdf  (http://www.forexcaterpillar.com/CatLifePublic.pdf)

explains how our strategy was formulated. Members have access to an extended version showing the implementation plan.

There is nothing to hide here. We show real accounts, real results and leave traders to make their own decision about whether to make money with Caterpillar or not. There is no hurry. This is not a "Glow & Blow" strategy but a business plan.

Regards
Chris

Chris,

Thanks for your further explanations. You have a very different approach, but it seems well thought out. It looks like for your members you have the whole strategy detailed.

I'm also glad to hear that you have a few thousand invested - that shows some faith in the system.

I need to monitor your accounts longer before participating, but am intrigued by what you are doing.

Cheers,
Rod
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 17, 2012, 10:32:35 AM
In my previous post, I mentioned the extent of reserve funding we are holding. This has led some members to think that these additional funds may be needed to meet standard requirements.

This is not the case and I apologise if this statement misled anyone.

The facts are that these funds are available partly to bring up to standard risk any of the underfunded accounts which need this support. But mainly they are there to support an increase of our lot sizes by use of the Multiplier facility to gain additional profits.

If any members are worried about their funding requirements, please send us a message explaining your situation before taking any drastic action which you may later regret.

If you are running Cat using Profiforex, please read their post here

http://www.profiforex.com/pages/About/News (http://www.profiforex.com/pages/About/News)

Basically, this means that they have withdrawn some of their 4 digit fixed spread "PPPPP" pairs and moved any open trades to "PPPPPPv" 5 digit variable spread pairs.

Please check that your pairs have not been affected by this change. If they have, you will need to close the charts for the affected pairs, open new charts for the V suffix pairs and re-load the Caterpillar settings on those charts.

In addition, the CADCHFv pair feed has stopped. I have informed Profiforex support about this and they are investigating with a view to getting the feed restarted as soon as practicable.

Be aware that brokers can make this sort of change at any time and it is nothing to do with Caterpillar.  :)
Title: Re: Easy Forex (ezefx.com)
Post by: e1vis on December 17, 2012, 04:47:16 PM
Will Cat 5 work without issue on an IBFX AU mini account (10,000 unit contract size), with presumably $1,000 needed per pair at standard risk?

Would you have any concerns about this set up?
Thanks


Sent from my iPhone using Tapatalk

We have not supplied any mini brokers with our questionnaire but we run EZE057 on IBFX AU with no problems.

But you cannot run Cat V04B or Cat V05B with this broker because to run on IBFX AU they need adjustments to the settings to work properly.

We have backtested EURUSD on our live account using the actual IBFX AU data using Cat V03 with adjusted settings and this works fine.

Cat V05P would be a good bet for this broker when it is released as it will have all the updates and benefits of V05B with the ability to adjust the settings.

They offer leverage of up to 1:400 which is OK. They also offer swap free accounts but their site is having problems at this time so I cannot enquire further. Swaps are all negative which is not the best as you will lose an increasing percentage of your gains on trades which last for longer periods of time.

My personal preference with $1,000 per pair is to run a cent account with a Multiplier of 10 because where the base lot size is 0.01 and the multiplied lot sizes would start at 0.10, the drawdown eater can operate more efficiently. But if you like IBFX AU for reasons of confidence or location, it would be viable.

Thanks very much - I'll probably end up going with your suggestion of using a multiplier of 10.
Title: Easy Forex (ezefx.com)
Post by: e1vis on December 20, 2012, 07:52:37 PM
999 -I noticed your comments in the envy thread about gbpusd falling 7,700 pips in 2008-9. Out of interest, how would caterpillar have fared during that run, and do you think it is safe to run gbpusd going forward.


Sent from my iPhone using Tapatalk
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 20, 2012, 10:36:06 PM
999 -I noticed your comments in the envy thread about gbpusd falling 7,700 pips in 2008-9. Out of interest, how would caterpillar have fared during that run, and do you think it is safe to run gbpusd going forward.


Sent from my iPhone using Tapatalk

I am no expert on Envy but from their backtests I have previously estimated their software is fifty times more risky than Caterpillar. Also, quite apart from the huge lot doublings, the risk levels they run are IMO ridiculous. I blame the brokers who promote these competitions. Why do they do it? Because it makes profits for them when the competitors blow their accounts.

Looking more closely at the period of the GBPUSD drop, I know that Cat would have required a substantial re-fund but it would have got through.

The more interesting outcome from our point of view is that if GBPUSD were one pair in a Supervisor controlled group of pairs which is available in V05B, the re-funding would have been far less if it was needed at all. But we can't prove it because we can't backtest multi currency running in this way.
Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on December 21, 2012, 12:29:15 AM
I have cat running great on 18 pairs and is constantly making profit, this is across 3 brokers.

My one question is that if cat is continuously successful long term wont the brokers start to get funny as they map similar trades from the same bots across accounts.
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 21, 2012, 07:01:32 AM
I have cat running great on 18 pairs and is constantly making profit, this is across 3 brokers.

My one question is that if cat is continuously successful long term wont the brokers start to get funny as they map similar trades from the same bots across accounts.

The trades won't be similar in the future as different members will run different combinations of pairs in their accounts. As each batch close of V05B in ST mode will consist of a variety of pairs, the actual EA in use will be harder to spot.

But we do agree with your basic question. It is likely that we shall need to restrict our membership at some time in the future because we have a wish list for Cat improvements which, if implemented in full, could actually live up to the hype used by some vendors to sell their products.
Title: Easy Forex (ezefx.com)
Post by: IFFTrader on December 22, 2012, 04:50:40 AM
Hi 999, will your documentation for v05 details how the trade management works? I just join for a month and I been trying to understand the way it trades but clueless. Hope your documentation will share the details.

Matthew
Title: Re: Easy Forex (ezefx.com)
Post by: nickcnew on December 22, 2012, 05:47:35 AM
        Another good week for Cat.The EDDE has been used in nearly all accounts to eat away at DD's and a steady flow of profit batch e-mails have been received.
        A total of +10000 VU's for the week and since starting my 1st Cat account week commencing 11/11/12 I have seen a total gain of +30000 VU's.

        Below are the 2 V05 beta accounts,the supervisor/trader account is +28% with an 18% DD whilst the account run with the exact same pairing but on an individual basis shows +11% with an 8% DD.

                           https://www.myfxbook.com/portfolio/cat-v05-beta-supervisortrader/439496
                           https://www.myfxbook.com/portfolio/cat-v05-beta/439497
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 22, 2012, 07:02:23 AM
Hi 999, will your documentation for v05 details how the trade management works? I just join for a month and I been trying to understand the way it trades but clueless. Hope your documentation will share the details.

Matthew

Hello Matthew. The V05 documentation will provide more details of how Cat operates with particular emphasis on the Supervisor/Trader method.

If. when you receive this, there are parts you do not understand, please message us with your specific queries so we can answer them fully.

Judging from this weeks great results, the ST method is the way to go  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 22, 2012, 07:15:38 AM
        Another good week for Cat.The EDDE has been used in nearly all accounts to eat away at DD's and a steady flow of profit batch e-mails have been received.
        A total of +10000 VU's for the week and since starting my 1st Cat account week commencing 11/11/12 I have seen a total gain of +30000 VU's.

        Below are the 2 V05 beta accounts,the supervisor/trader account is +28% with an 18% DD whilst the account run with the exact same pairing but on an individual basis shows +11% with an 8% DD.

                           https://www.myfxbook.com/portfolio/cat-v05-beta-supervisortrader/439496
                           https://www.myfxbook.com/portfolio/cat-v05-beta/439497

Hello Nick. Yes, another great week. I haven't finished analysing our results but feel sure this is going to be another "best ever week". Incredible!

One point I must make is that both Nick's accounts are ten times underfunded. We also underfund almost all our accounts, preferring to deposit additional funds only if and when they are needed.

The only downside of this is that myfxbook reports the drawdown as ten times greater than it would have been if the full funds had been deposited at the start, which obviously frightens some traders.

So from this weekend we are adding the funding percentage to our Cat Live Results chart. This will show the degree to which all our live accounts are underfunded. So when looking at our myfxbook results, you can calculate the true drawdown as [myfxbook drawdown] x [funding %] / 100.

Cat takes a while to accumulate a "full load" of trades but at this point the profits really start to flow. Long may they continue  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 22, 2012, 09:25:26 AM
I thought that as this was the last full week of trading before the holidays it would be quiet. How wrong I was!

Not only was this the best week ever (again!) for Caterpillar but the profits were up by over 50% from last week's best  :)

All our Cats are now running on the new V05B and most are in ST mode which is proving to be quite incredible. These profits were achieved in spite of needing to eat away at the drawdowns caused by the JPY trends. The new scaled EDDE incorporated with V05 has really proved its worth.

If you are looking at

http://www.forexcaterpillar.com/Live-Results.html (http://www.forexcaterpillar.com/Live-Results.html)

and wondering about the drawdowns, these are due to underfunding. See my previous post. At the moment, our accounts have on average only 31% of the funding needed to run at standard risk. Also, myfxbook shows the maximum drawdown percentage ever in the life of the monitored account which is fine for backtests and if you never change your funding but meaningless with Caterpillar.

We are now running 70 Caterpillar live pairs and expect to add more in the new year. Our average annual percentage gain has this week moved up to 61%, right in the middle of our 30% to 90% expectations.

For members running Caterpillar, make sure you have adequate funding in your live accounts in case there are significant price movements during the holiday shutdown period, creating a large gap when ticks resume. Many brokers are closed for just a few days while some, like FX Clearing, are now closed until January 3rd. But they have told me that you can still add funds during this period.

The release date for Caterpillar V05B is December 30th. Don't miss it! With this and more updates in the pipeline including our new websites, we are really looking forward to a great 2013.
Title: Easy Forex (ezefx.com)
Post by: IFFTrader on December 22, 2012, 10:04:11 AM
999, for the expected % profit. Is it base on risk 1 before compounding ?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 22, 2012, 10:21:52 AM
999, for the expected % profit. Is it base on risk 1 before compounding ?

Yes it is. We expect 30 to 90% profit per year per pair if run on a stand alone basis. We have no idea what to expect from the combined ST mode but it's looking really good at the moment!
Title: Easy Forex (ezefx.com)
Post by: IFFTrader on December 22, 2012, 10:58:49 AM
One more question, how it handle non USD base currency account? Does CAT take care of the conversion?
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 22, 2012, 11:32:00 AM
One more question, how it handle non USD base currency account? Does CAT take care of the conversion?

To run at standard risk, you need to deposit 100,000 pips at base lot size. So if the base lost size is 0.01 and the value of 1 pip for EURUSD at that lot size is $0.001 you need $100 in your cent account to run one pair using USD as your base currency.

Apply the same calculation to EURGPB and you would need $160. For USDJPY you would need $125.

To run in another base currency, just apply the same calculations. If in doubt, these can be tested by running a manual trade on each pair at 0.01, closing this as soon as there is some movement and doing the calculation.

We work on $100 in a cent account for each pair at standard risk with USD as the base currency because we underfund anyway and top up if needed.

Title: Re: Easy Forex (ezefx.com)
Post by: AddyUK on December 23, 2012, 01:03:50 AM
Hi 999, will your documentation for v05 details how the trade management works? I just join for a month and I been trying to understand the way it trades but clueless. Hope your documentation will share the details.

Matthew

all sounds good to me ;)
Title: Re: Easy Forex (ezefx.com)
Post by: swissy on December 23, 2012, 08:14:36 AM
Hi

Could you please explain what

ST Mode

and

EDDE

are exactly?

What I have missed in the forex Caterpillaer EA are eating down drawdowns measures and other security measures like in the Forex Warrior EA with Stop Loss in place and CheckEquity setting in order to prevent opening new levels. Are ST Mode and EDDE something in this direction? I don't like the fact that the positions are without Stop Loss for instance and that drawdown is not eliminitated slowly at one point of time when drawdown is huge. But I think with ST Mode and EDDE Forex Caterpillar EA is going in the right direction. Please make sure that V05 is also usable for XEMARKETS users  :)
Title: Re: Easy Forex (ezefx.com)
Post by: 999cjb on December 23, 2012, 08:47:32 AM
Hi

Could you please explain what

ST Mode

and

EDDE

are exactly?

What I have missed in the forex Caterpillaer EA are eating down drawdowns measures and other security measures like in the Forex Warrior EA with Stop Loss in place and CheckEquity setting in order to prevent opening new levels. Are ST Mode and EDDE something in this direction? I don't like the fact that the positions are without Stop Loss for instance and that drawdown is not eliminitated slowly at one point of time when drawdown is huge. But I think with ST Mode and EDDE Forex Caterpillar EA is going in the right direction. Please make sure that V05 is also usable for XEMARKETS users  :)

ST mode is short for Supervisor/Trader mode. In Cat V05 you can use different Roles when you set up the EA in a pair. If you use Trader role, you can run a number of pairs but these do not close any trades. Then you add one pair and set it to Supervisor role. This allows you to specify a range of magic numbers which it will monitor and control. So when a batch closes, it can contain selected trades generated from any of the Traders.

EDDE is the Extended Drawdown Eater. In V05B it has a new enhancement and we call this the Scaled EDDE. EDDE allows drawdowns to be eaten even if they are above the 1,000 pip limit of our previous drawdown eaters. The scaling module is triggered when the account free margin drops to the first warning level. Then, the batch profit target is scaled down so you get more batches closed for smaller profits. This allows EDDE to eat the drawdowns more quickly.

Stop