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Author Topic: FourLeafClover EA from FourLeafClover FX  (Read 62784 times)

Offline alaali

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #165 on: March 04, 2019, 02:48:52 PM »
Which risk level are you using and which pairs?

Hi alaali, I am using risk level (mode) 4 on AUDCAD & USDCAD pairs.

What is the balance on your account? I am not sure should I use mode 4 for AUDCAD and USDCAD with a balance of $6000 or start with mode 1 as advised? Did you faced a huge draw down when your account is underfunded?

Thanks

Offline Ruairi OPleurisy

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #166 on: March 04, 2019, 11:48:44 PM »
I run AUDCAD & USDCAD together at Mode 4 with $18k balance (that would be like the equivalent of running Mode 1 with $4,500 balance on the same two pairs).  Some other trading is also done on this account so I like to keep the balance up.

I ran very underfunded at the beginning and it was fine, but in Forex I've found that greed has a way of always catching up with you so being more sensible now that the balance has built up.

With Mode 1, the minimum suggested balance in the guide is $3k (regular) or $30 (cent) - I'd start with that and the AUDCAD pair if you want to get a feel for this or the two recommended pairs (AUDCAD & USDCAD) with a $4,500 balance.  You can go with less and risk the two pairs with $3k and likely be absolutely fine but that would be over-trading I think.

I just let it get on with it now without having to worry and take out the profits every month.  To me, that's better than always looking at accounts worrying from day to day if you are going to blow it if you've put a very small deposit in.  Though I guess if you start small and get lucky then that's another way to go at it!

Offline alaali

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #167 on: March 05, 2019, 06:44:49 AM »
Thanks for your detailed answer. Will start with mode 1 and will see how it goes.

I run AUDCAD & USDCAD together at Mode 4 with $18k balance (that would be like the equivalent of running Mode 1 with $4,500 balance on the same two pairs).  Some other trading is also done on this account so I like to keep the balance up.

I ran very underfunded at the beginning and it was fine, but in Forex I've found that greed has a way of always catching up with you so being more sensible now that the balance has built up.

With Mode 1, the minimum suggested balance in the guide is $3k (regular) or $30 (cent) - I'd start with that and the AUDCAD pair if you want to get a feel for this or the two recommended pairs (AUDCAD & USDCAD) with a $4,500 balance.  You can go with less and risk the two pairs with $3k and likely be absolutely fine but that would be over-trading I think.

I just let it get on with it now without having to worry and take out the profits every month.  To me, that's better than always looking at accounts worrying from day to day if you are going to blow it if you've put a very small deposit in.  Though I guess if you start small and get lucky then that's another way to go at it!

Offline Ruairi OPleurisy

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #168 on: March 07, 2019, 11:12:51 PM »
Humble, have you dropped the FLC account that you just started?  Your sig now just has another new Z Trader entry.

This set me thinking about this page which is no longer maintained - what about resurrecting it with the  EAs that are on forward test :-

https://donnaforex.com/index.php?page=livetests

It's pretty poor when we don't have anything current there to show as being profitable or even anything in forward test.  What about adding them in there so it possible to compare?

Offline Humble Trader's Fx

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #169 on: March 07, 2019, 11:34:19 PM »
Humble, have you dropped the FLC account that you just started?  Your sig now just has another new Z Trader entry.

This set me thinking about this page which is no longer maintained - what about resurrecting it with the  EAs that are on forward test :-

https://donnaforex.com/index.php?page=livetests

It's pretty poor when we don't have anything current there to show as being profitable or even anything in forward test.  What about adding them in there so it possible to compare?

Hello, Ruairi OPleurisy.

That is my next step to ask Fourleaf to lisence the same account as ZTrader. Given that 4Leaf is prolific with trades and ZTrade not that often, I don't see any problem why they cannot work together on the same cent account and we can differentiate from one another via their magic numbers.

On to getting in touch with 4Leaf.  :)

Regards,
HumbleTrader

« Last Edit: March 07, 2019, 11:45:38 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 Humble Trader's Fx

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #170 on: March 08, 2019, 11:52:10 AM »
Humble, have you dropped the FLC account that you just started?  Your sig now just has another new Z Trader entry.

This set me thinking about this page which is no longer maintained - what about resurrecting it with the  EAs that are on forward test :-

https://donnaforex.com/index.php?page=livetests

It's pretty poor when we don't have anything current there to show as being profitable or even anything in forward test.  What about adding them in there so it possible to compare?

Hello, Ruairi OPleurisy.

That is my next step to ask Fourleaf to lisence the same account as ZTrader. Given that 4Leaf is prolific with trades and ZTrade not that often, I don't see any problem why they cannot work together on the same cent account and we can differentiate from one another via their magic numbers.  (Inc. ZTrader EA, Magic #1000)

On to getting in touch with 4Leaf.  :)

Regards,
HumbleTrader


Happy to announce that the folks at FourLeafClover (magic # 4411144), have allowed  me to run their EA which appears in the widget in my signature.

Best of luck and many green pips.  :)

Regards,
HumbleTrader
« Last Edit: March 08, 2019, 12:03:47 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 Ruairi OPleurisy

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #171 on: March 11, 2019, 02:48:23 PM »
Humble,

I see you have started this new account with AUDUSD (rather than AUDCAD) and USDCAD pairs.  AUDCAD & USDCAD are the two recommended pairs by FLC so is this a mistake?

AUDCAD got off to a great start on the other account you started.  You can stop further trades on AUDUSD by setting the 'allowNewTrades' to false (existing trades will be managed to closure) and opening another chart for AUDCAD...

Ruairi

Offline Humble Trader's Fx

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #172 on: March 11, 2019, 03:05:45 PM »
Humble,

I see you have started this new account with AUDUSD (rather than AUDCAD) and USDCAD pairs.  AUDCAD & USDCAD are the two recommended pairs by FLC so is this a mistake?

AUDCAD got off to a great start on the other account you started.  You can stop further trades on AUDUSD by setting the 'allowNewTrades' to false (existing trades will be managed to closure) and opening another chart for AUDCAD...

Ruairi

Well noted and corrected, Ruairi OPleurisy. I must have been drunk on Irish Brew; thanks for that. :)

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


Online diyforexskills

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #173 on: March 19, 2019, 09:35:26 AM »
Unless you are going to trade with Dukascopy, why bother? Your own broker price feed data for forward testing trading is unlikely to be of 99.9% quality.
Information and product page - http://www.diyforexskills.com/forex-tools/




Offline alaali

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #174 on: March 28, 2019, 01:54:07 PM »
So it is almost a month and added 3 pairs to a 3k account (AUDCAD, USDCAD, and EURGBP) and happy with the results so far. It is not as exiting as watching other EAs but it keep adding profit day by day.

I have a spare cash ready to deposit when needed but happy with the max drawdown so far which is around 6%.


Offline Humble Trader's Fx

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #175 on: March 28, 2019, 02:13:34 PM »
So it is almost a month and added 3 pairs to a 3k account (AUDCAD, USDCAD, and EURGBP) and happy with the results so far. It is not as exiting as watching other EAs but it keep adding profit day by day.

I have a spare cash ready to deposit when needed but happy with the max drawdown so far which is around 6%.

I would agree; looking at my signature myfxbook account (magic #4411144 ), the monthly gain (Monthly: 1.09%) to DD ( Drawdown: 0.74%) ratio is quite good.  :)


Regards,
HumbleTrader
« Last Edit: March 29, 2019, 12:18:37 AM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline reinerh

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #176 on: March 28, 2019, 06:09:15 PM »
So it is almost a month and added 3 pairs to a 3k account (AUDCAD, USDCAD, and EURGBP) and happy with the results so far. It is not as exiting as watching other EAs but it keep adding profit day by day.

I have a spare cash ready to deposit when needed but happy with the max drawdown so far which is around 6%.

I would agree; looking at my signature myfxbook account (magic #4411144 ), the monthly gain (Monthly: 1.09%) to DD ( Drawdown: 0.74%) ratio is quite good.  :)


Rewards,
HumbleTrader

humble,

i sure agree gain to dd thats what one needs to look for.

but with any grid martie, its smooth sailing for a long time, till it can go kaboom. to avoid this one has has have a stop in mind.

every grid marty i ever backtested blows at some point, the trick is to not let that happen.

Offline 5ninefish

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #177 on: March 28, 2019, 07:03:01 PM »
So it is almost a month and added 3 pairs to a 3k account (AUDCAD, USDCAD, and EURGBP) and happy with the results so far. It is not as exiting as watching other EAs but it keep adding profit day by day.

I have a spare cash ready to deposit when needed but happy with the max drawdown so far which is around 6%.

I would agree; looking at my signature myfxbook account (magic #4411144 ), the monthly gain (Monthly: 1.09%) to DD ( Drawdown: 0.74%) ratio is quite good.  :)


Rewards,
HumbleTrader

humble,

i sure agree gain to dd thats what one needs to look for.

but with any grid martie, its smooth sailing for a long time, till it can go kaboom. to avoid this one has has have a stop in mind.

every grid marty i ever backtested blows at some point, the trick is to not let that happen.

Agreed. Thankfully this one has been smooth sailing for a while now, so my stops are all in profit territory. This is the most boring (in a good way) little money machine ever.

Offline Hagerlo

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #178 on: April 06, 2019, 10:02:14 AM »
Hi guys! Ive been running Fourleaf on a demo account for a couple of months, planning on going live in a month or two. Im trading AUDCAD, USDCAD on Mode1 and very happy with the results so far.

However, trying to wrap my head around the money management, perhaps someone could help..

Given the live environment will be a 20k account with 1:200 leverage, adding EURGBP and changing to mode4, how should one calculate floatingDDBasedExitValue? The manual doesnt say if the default values for this parameter assumes all pairs being traded together.

Offline alaali

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Re: FourLeafClover EA from FourLeafClover FX
« Reply #179 on: April 06, 2019, 03:55:33 PM »
I think it is for the whole account and not per currency.

It is always better to ask the support directly. They are helpful and usually answer in a timely manner.

Hi guys! Ive been running Fourleaf on a demo account for a couple of months, planning on going live in a month or two. Im trading AUDCAD, USDCAD on Mode1 and very happy with the results so far.

However, trying to wrap my head around the money management, perhaps someone could help..

Given the live environment will be a 20k account with 1:200 leverage, adding EURGBP and changing to mode4, how should one calculate floatingDDBasedExitValue? The manual doesnt say if the default values for this parameter assumes all pairs being traded together.

 

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