collapse

Author Topic: Forex Trend Detector  (Read 77324 times)

Offline corre971

  • Hero Member
  • *****
  • Posts: 3238
Re: Forex Trend Detector
« Reply #105 on: July 21, 2017, 11:15:39 AM »
For large accounts better not go beyond risk 0.5%

Personally using risk 0.3% with recovery ON and MMMAX 0.5%
Using low risk because running togheter with other EAs so to have a smoother equity growth
Atm, i think this is one the best volatility based EA (and with a very low price)

If the account is small you can use also 1% risk. Anyway better to not push too much the risk because if a basket is closed in loss the equity fall down consistently and the subsequent baskets (also with recovery ON) will have much lower size and this can prolongue thw stagnation period.

Offline nick3232

  • DonbonsPrivateGroup
  • Full Member
  • *
  • Posts: 400
Re: Forex Trend Detector
« Reply #106 on: July 21, 2017, 02:26:58 PM »
thanks got it ,reassuring that i can set below 1% ,thank you guys

Offline nick3232

  • DonbonsPrivateGroup
  • Full Member
  • *
  • Posts: 400
Re: Forex Trend Detector
« Reply #107 on: July 21, 2017, 02:29:39 PM »
think i'm gonna give a shot to that ea ,good looking

its decent, but makes very little headway.

Today, I decided to finally put it to rest in the EA's forgotten bin.

may i ask you if there are a specific reason why you gave up on it

Regards,
HumbleTrader

Offline dutchie

  • Sr. Member
  • ****
  • Posts: 973
Re: Forex Trend Detector
« Reply #108 on: July 23, 2017, 07:44:36 PM »
think i'm gonna give a shot to that ea ,good looking

its decent, but makes very little headway.

Today, I decided to finally put it to rest in the EA's forgotten bin.

Regards,
HumbleTrader
How may EA's ar eating dust in your forgotten bin???
I have about 50 there
There's a saying, success is doing what everyone else isn't doing, and not doing what everyone else is doing.

Offline Humble Trader's Fx

  • Global Moderator
  • Sr. Member
  • *****
  • Posts: 1446
Re: Forex Trend Detector
« Reply #109 on: July 23, 2017, 08:19:22 PM »
think i'm gonna give a shot to that ea ,good looking

its decent, but makes very little headway.


How may EA's ar eating dust in your forgotten bin???
I have about 50 there

I think, if I take into account some of which I got so excited that I purchased multiple licenses, I probably have a few more than yours. :'(  ;D

But I will be the first to admit, that in terms of financial loss, their cost was nothing compared to the loss of USD$, which resulted from their failure. But this is the cost of the learning curve over the period since I started trading, way back in 2003.


Regards,
HumbleTrader
« Last Edit: July 23, 2017, 08:34:54 PM by Humble Trader's Fx. »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline donbon2

  • Hero Member
  • *****
  • Posts: 2010
Re: Forex Trend Detector
« Reply #110 on: July 26, 2017, 08:09:39 PM »
it opened alot of positions there - I just closing them all here manually at 1.1734 for quite a lot of gains .. also disabled Best Scalper which would be due to start in just under an hour.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Offline corre971

  • Hero Member
  • *****
  • Posts: 3238
Re: Forex Trend Detector
« Reply #111 on: July 27, 2017, 09:15:13 AM »
One basket closed in profit yesterday evening and another one even better early this morning. Now 4 trades floating in slight loss.

But i see i had much better results than the Thinkforex ref account. My results are the same as the darwinex ForexGermany account:
http://www.myfxbook.com/members/forexgermany/forex-trend-detector/1283645

Offline nick3232

  • DonbonsPrivateGroup
  • Full Member
  • *
  • Posts: 400
Re: Forex Trend Detector
« Reply #112 on: July 28, 2017, 10:13:48 PM »
One basket closed in profit yesterday evening and another one even better early this morning. Now 4 trades floating in slight loss.

But i see i had much better results than the Thinkforex ref account. My results are the same as the darwinex ForexGermany account:
http://www.myfxbook.com/members/forexgermany/forex-trend-detector/1283645

corey did you try ic market ?

Offline corre971

  • Hero Member
  • *****
  • Posts: 3238
Re: Forex Trend Detector
« Reply #113 on: July 29, 2017, 02:54:30 PM »
One basket closed in profit yesterday evening and another one even better early this morning. Now 4 trades floating in slight loss.

But i see i had much better results than the Thinkforex ref account. My results are the same as the darwinex ForexGermany account:
http://www.myfxbook.com/members/forexgermany/forex-trend-detector/1283645

corey did you try ic market ?
I have used Ic markets extensively last year and i can say that is a very good broker, but probably Pepperstone is slightly better. But for varoius reasons now sticking with only 1 broker Uk based.

Offline donbon2

  • Hero Member
  • *****
  • Posts: 2010
Re: Forex Trend Detector
« Reply #114 on: August 02, 2017, 10:01:02 PM »
turning FTD off for a while -- we are almost at 1.20 so dont see alot of breakouts happening and more likely it gets stuck 1.1550 - 1.2050 so dont want to be buying at top and selling at lows.

when the market shows a little more then will turn back on .. it has made decent money over last few weeks with a few stops thrown in along the way.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Offline Bumblebee-

  • Jr. Member
  • **
  • Posts: 79
Re: Forex Trend Detector
« Reply #115 on: August 04, 2017, 03:31:09 PM »
I think you just miss these trades today?  :-X


turning FTD off for a while -- we are almost at 1.20 so dont see alot of breakouts happening and more likely it gets stuck 1.1550 - 1.2050 so dont want to be buying at top and selling at lows.

when the market shows a little more then will turn back on .. it has made decent money over last few weeks with a few stops thrown in along the way.
« Last Edit: August 04, 2017, 03:41:24 PM by Bumblebee- »

Offline Anchorpoint

  • DonbonsPrivateGroup
  • Sr. Member
  • *
  • Posts: 939
  • Position sizing is the key
Re: Forex Trend Detector
« Reply #116 on: August 04, 2017, 05:23:50 PM »
FTD is a good EA and deserves more attention. It is also very cheap.  Important with conservative risk setting - it can be nerve wrecking to trade when it has a lot of open position in sharp market moves. (Or maybe better, just look at you account on a weekly basis).
Anything can happen - every moment in the market is unique

Offline donbon2

  • Hero Member
  • *****
  • Posts: 2010
Re: Forex Trend Detector
« Reply #117 on: August 04, 2017, 10:24:12 PM »
yes I missed those trades as didn't expect the market to move just one way thought it would bounce back more.

I agree with what you guys are saying that it is a good EA .. you look at some of the others around now -- the trades are pretty similar -- this one trades less I admit but the cost of this one is a bargain... it looks for a strong move and if it comes it makes good money.

really happy with my EAS the last few weeks - and went conservative into NFP anyway will turn it on in a week or so.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Offline dasher1980

  • Full Member
  • ***
  • Posts: 135
Re: Forex Trend Detector
« Reply #118 on: August 05, 2017, 06:08:52 PM »
Are you guys using this one with or without recovery mode?

Offline Humble Trader's Fx

  • Global Moderator
  • Sr. Member
  • *****
  • Posts: 1446
Re: Forex Trend Detector
« Reply #119 on: August 05, 2017, 10:50:59 PM »
FTD is a good EA and deserves more attention. It is also very cheap.  Important with conservative risk setting - it can be nerve wrecking to trade when it has a lot of open position in sharp market moves. (Or maybe better, just look at you account on a weekly basis).

I think to qualify an EA as being "fair, good or excellent", we need to look at the overall data:

I would call WFTD, a "Fair EA", overall but not exactly a "Good EA". For me, Reiner's EA is an "excellent EA" and Best Scalper is "Good Ea".

What I look for in a "good" EA, is consistent gains with low DD. True, if you compare prices, WTD might be less expensive but with the high DD, you will pay the piper over time. If you were to ask me this question, in late May, early June, about BS, even if the data pointed otherwise,  I would agree with you, the WFTD, would be a "Better EA", then BS.

Compare:

Fair EA, FTD:

http://www.myfxbook.com/members/forexgermany/forex-trend-detector/1283645

Excellent EA, Reinerh's EA: http://www.myfxbook.com/members/fidelitas/axi-signal-coming-soon/2067022

"Good EA", Best Scalper: https://www.myfxbook.com/members/donnaforexreal/best-scalper/2035046

Just adding "flavor" to the discussion.  :)

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


 

browse forum

* Recent Posts

Re: Outsidethebox HK Signals & PAMM funds by frescof
[Today at 12:13:21 AM]


Re: US NFP and Canadian Employment change by Umar
[Yesterday at 06:16:38 PM]


Re: Forex Optimum Representative by Hilapur
[Yesterday at 03:14:15 PM]


Re: Outsidethebox HK Signals & PAMM funds by SJWkiller
[April 20, 2019, 05:24:40 PM]


Re: Pegasus FX by nwboater
[April 20, 2019, 01:52:31 PM]


Re: Your favourite car? by 2cuteEssence
[April 20, 2019, 11:12:10 AM]


Re: The Most Common Forex Myths by Loperte
[April 20, 2019, 09:32:09 AM]


Re: Pegasus FX by Pegasus FX
[April 20, 2019, 07:55:47 AM]


Re: Pegasus FX by nwboater
[April 20, 2019, 01:59:30 AM]


Re: Pegasus FX by Pegasus FX
[April 20, 2019, 01:31:24 AM]