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Messages - Jimmy

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1
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: Today at 01:29:40 AM »
Thanks Joel for the updates, and yes I am very much looking forward to the recovery which should happen soon. ;)

After the release of the new versions on SFE PA and SFE Attractor, I have revised the lot size on each EA to the following:

SFE Price Action - 1.0 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $600)
SFE Attractor - 1.0 Fixed Lot (amount risked = US$70000 at 0.01 Lot per $700)
SFE EURUSD - 1.0 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $600)
SFE Night Scalper - 1.0 Fixed Lot (amount risked = US$30000 at 0.01 Lot per $300)
SFE Stealth - 1.0 Fixed Lot (amount risked = US$30000 at 0.01 Lot per $300)

So the total amount risked = US$250000, with a good ratio between the price action based EAs and the asian session / late session EAs.

And it's a bit of a personal thing, but I like round numbers, so having them all trading at 1.0 Lot makes me feel happy and confident about them. ;D

2
SmartForexExpert EAs / Re: SFE Price Action EA
« on: Today at 12:51:31 AM »
Hi Joel,

I have updated SFE PA to version 3.1, but in the setting line p25 (just above Fixed Order Size) still says "Recommended: 0.01 lots / 1.000$ of balance", I think you probably just forgot to change it to "0.01 lot per $500"?

Hi, yes is an error that comment. But I can't change it now. Don't mind because is more conservative, I will post the recommended now also in mql5.
Finally I decided to left 0.01 / 600$, a bit more conservative, because the backtest shows a max. DD until 1080$, but often arrives to this level, then, I will fix this level as about 15% of DD.    1.000 / 6.000 * 100 = 16.6%

0.01 / 6000 is then the recommended.

I think you mean the DD is about $1000 trading 0.1 lot, so it will be good to have a balance of $6000 to keep the DD at about 16%.

0.1 lot per $6000 = 0.01 lot per $600 (you added one zero too many at the end) :)

3
SmartForexExpert EAs / Re: SFE Price Action EA
« on: Today at 12:17:19 AM »
Hi Joel,

I have updated SFE PA to version 3.1, but in the setting line p25 (just above Fixed Order Size) still says "Recommended: 0.01 lots / 1.000$ of balance", I think you probably just forgot to change it to "0.01 lot per $500"?

4
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 19, 2019, 04:10:52 AM »
I think itís due to those trades that closed early on Joelís account and ended up in some losses on my account: https://smartforexexpert.com/index.php?topic=544.msg837#msg837

I am not worried because I believe in the long term these small differences will even out. :)

And I still believe EU will make a come back with vengeance very soon, and GU with it too. You are right there are a lot of buyers and sellers on EU which makes it difficult to have a clean breakout lately, but I believe when it does, it will be a spectacular one, and a lot of systems who take contrarian trades will likely be wiped out or suffer massive losses (Frero for example)

Letís what next week will bring us. ;)

5
SmartForexExpert EAs / Re: General Announcements
« on: October 18, 2019, 11:39:19 PM »
Actually I just realised that leaves only 1 tradable pair each for SFE Stealth (AUDJPY) and SFE Night Scalper (AUDCAD)! :o

I also agree it's a good move, and to try and make the most out of the expected volatility, I am also going to slightly increase the risk on SFE PA, SFE ATR and SFE EU on my SFE Combo account for next week. Let's see how it goes. :)

6
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 18, 2019, 11:27:00 PM »
Weekly Result - 14th Oct 2019 to 18th Oct 2019

Total: (https://www.fxblue.com/users/jimmy8378/stats?#week)
-$7773.55

SFE Stealth: (https://www.fxblue.com/users/jimmy8378/stats?magic=300051#week)
+$597.65

SFE Price Action: (https://www.fxblue.com/users/jimmy8378/stats?magic=400051-450601#week)
-$992.82

SFE Attractor: (https://www.fxblue.com/users/jimmy8378/stats?magic=510051-510605#week)
-$7093.19

SFE Night Scalper: (https://www.fxblue.com/users/jimmy8378/stats?magic=710051-710302#week)
+140.90

SFE EURUSD: (https://www.fxblue.com/users/jimmy8378/stats?magic=800051-860602#week)
-$426.09

This week was a bloodbath!...while GU made a lot of gains this week, there was too much retracement after each spike and the EAs were not able to capitalise on the price actions. SFE Attractor was the biggest loser and lost about $7K. :(

Big volatility is expected early next week and Joel has made an announcement that he will disable the GBP, EUR, CHF and USD pairs in SFE Night Scalper and SFE Stealth (https://smartforexexpert.com/index.php?topic=545.msg850). This will apply to my account as well.

The other thing is, from next week I am going to increase the lot size on SFE EURUSD to 1.2 Fixed Lot per trade, and the lot sizes on SFE Price Action and SFE Attractor to 0.7 Fixed Lot per trade. The DD on the official SFE EU account is now approaching 30% and it has been losing 9 straight months in a row. This is simply not going to continue forever, and I believe a massive gain on SFE EU is imminent. I am also increasing the risk on SFE PA and SFE ATR by 16% (lot size increase from 0.6 to 0.7) as I also believe they will rebound strongly after the recent losses. I believe a firm, clean, one-way breakout will eventually happen once there is a final Brexit outcome, and that SFE PA, SFE ATR and SFE EU should all make good gains from it. Let's see if things turn out as I planned.

Have a nice weekend! ;)

7
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 17, 2019, 11:23:06 PM »
Thanks Joel for always trying to make the EAs even better. :)

Big moves on EU and GU today on the news that a deal has been reached for Brexit, but still pending UK parliament approval. Letís see if the EAs can finally capitalise on the price movements this time...

Ahhhh...the up and down zigzags are so annoying...>:(

8
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 17, 2019, 12:18:08 PM »
Thanks Joel for always trying to make the EAs even better. :)

Big moves on EU and GU today on the news that a deal has been reached for Brexit, but still pending UK parliament approval. Letís see if the EAs can finally capitalise on the price movements this time...

9
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 16, 2019, 01:11:27 PM »
A lot of zigzags on GU and EU this week which makes it difficult for SFE PA and SFE ATR to make good gains. Still waiting for that sustained breakout once the dust settles on Brexit...::)

10
SmartForexExpert EAs / Re: SFE Night Scalper EA
« on: October 16, 2019, 01:08:11 PM »
Hello,
this is my first message in this forum.
Iīve a doubt:
So far, what is the best way to deactivate a currency? I see that tonight there is fundamental in Nzd and I would like to turn off EurNzd.
By the way, thank you very much for the effort you are making to update and innovate with this great EA

Thank you for your participation Cristian.

Just now I added NZD to the list of disabled, and tomorrow I will add the currency again. If anyone don't want to use a symbol in a punctual moment and the symbol is not disabled by the 'server' in yellow, the way is remove it from the list.
I'm working on automatize this at 100 in the near future.

I see 2 limit orders are opened now before the disabling, I'm gonna remove the orders before the event. Sometimes the event can make a good money, but in general is risky. And the impact of the events, also in the near future I will have conclusions, because backtesting in mt5 I can take into consideration the calendar. This takes a good work, so will take some time, but I will do it.

It was a bit late by the time I read your posts. Fortunately the EURNZD trades were actually closed with small gains to my account. :)

11
SmartForexExpert EAs / Re: do you have a solution for such flash crashes?
« on: October 16, 2019, 01:05:07 PM »
Thanks for sharing your experience. Itís painful and I totally understand how you feel...I also lost about $50K in one night a few years back, and  my wife was very very angry at me... :'(

I am just glad that I stumbled upon SFE Price Action and Joel in 2016 whose systems are robust and actually trade with proper statistics and probability to get a long term edge over the market.

I am sure if you stick to Joelís systems and use reasonable risk, you will be able to eventually make back your losses and start making profit just like me :)

12
SmartForexExpert EAs / Re: SFE Stealth EA
« on: October 15, 2019, 10:34:10 AM »
I also had 6 trades by SFE Stealth on my account which is with IC Markets.

Itís interesting that YoG12ís only account with IC Markets actually had only 2 trades and one other account had 9.

I am not sure why there is such a difference, but I think in the long term the difference should become negligible. You just need to make sure you use a good broker with tight spreads. :)

13
SmartForexExpert EAs / Re: Setting The Level of Risk
« on: October 12, 2019, 11:00:21 AM »
1. If your account is in AUD then your risk will be 1 / 0.68 (the current AUDUSD exchange rate) = 1.47 times the risk of a USD account if you use the same lot size. So to achieve the same risk you should reduce the lot size by multiplying the lot size by 0.68 to keep the risk the same on your AUD account. If your account is in EUR then you would actually multiple the lot size by 1.103 (the current EURUSD exchange rate) to keep the risk the same as the USD account.

2. The recommended risk for each EA is as follows, in USD (you can find them in the description of the EAs on their MQL5 pages or on the forum here):

SFE Price Action - 0.01 Lot per $1000
SFE Attractor - 0.01 Lot per $1000
SFE EURUSD - 0.01 Lot per $600
SFE Night Scalper - 0.01 Lot per $500
SFE Stealth - 0.01 lot per $500 (low risk) up to 0.01 lot per $300 (max recommended risk)

At recommended risk I believe the max expected drawdown should be somewhere between 15-20%.

I hope it helps. :)

14
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 12, 2019, 12:13:29 AM »
Weekly Result - 7th Oct 2019 to 11th Oct 2019

Total: (https://www.fxblue.com/users/jimmy8378/stats?#week)
+$1594.01

SFE Stealth: (https://www.fxblue.com/users/jimmy8378/stats?magic=300051#week)
+$892.65

SFE Price Action: (https://www.fxblue.com/users/jimmy8378/stats?magic=400051-450601#week)
+$820.49

SFE Attractor: (https://www.fxblue.com/users/jimmy8378/stats?magic=510051-510605#week)
-$558.55

SFE Night Scalper: (https://www.fxblue.com/users/jimmy8378/stats?magic=710051-710302#week)
+$788.38

SFE EURUSD: (https://www.fxblue.com/users/jimmy8378/stats?magic=800051-860602#week)
-$348.96

This week was rather quiet until the last 2 trading days when the GBP jumped on some optimistic news. We ended the week with a small gain and I believe there will be more gains to come as Brexit (whether deal or no deal) finally happens.

I have purchased SFE Stealth and added it to the SFE Combo portfolio. I am running it at 1.50 Fixed Lot per trade which equals to trading 0.01 lot per $300 on a $45000 account (ie. I am assigning 45% of my $100K account to this EA). The risk is probably slightly on the high end (not to mention my account is in AUD which also adds about another 50% risk), but I believe it will work out well. It has already made back about $900 for me out of the $1250 I paid for it! ;D

If any of you are interested in buying it, please do so over the weekend otherwise the price will go back to $1500 on Monday. ;)

This week's announcements:
  • SFE Night Scalper has been updated to version 6.0, running at 0.90 Fixed Lot per trade
  • SFE Stealth has been added to the SFE Combo account, running at 1.50 Fixed Lot per trade

Have a nice weekend! :D

15
Trade Journals / Re: Jimmy's Account - SFE Combo
« on: October 11, 2019, 02:46:59 AM »
Just a quick note to let you guys know I have updated SFE Night Scalper to version 6.0 on my SFE Combo account.

The lot size remains the same at 0.90 Fixed Lot per trade (which is equivalent to trading 0.01 lot per $333.33, as I am assigning $30000 to this EA - and this is just within the maximum recommended risk).

It also will also disable currency pairs when Joel disables them, as Joel had explained in his post: https://smartforexexpert.com/index.php?topic=28.msg809#msg809

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