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1
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by Attractor on Today at 12:30:59 PM »
I see, I just removed the message, not for think that can't be approved, but because really I peffer that people don't expect my participation there, you know I use all my free time to the work on the EAs and if I exchange feedback with the community I will center this here.

Next is my explanation, the point is that he talked about 'max' profit, and obviously I didn't said that the final profit is the sum of 'max' profits:

As an example, and assuming a fixed size of the trades:

If in the backtest the DD of the system A is for example 300$, and you want to fix the DD to 30%, then you need 1000$ of balance.

And if the system B is the same, DD of 300$, you need 1000$ for the system B for fix a 30% DD.

But if you use A+B and you apply the same criteria, have max. 30% DD, you don't need 1000+1000=2000$, becuase the probability that the 300+300 DD happens at the same moment if very low. Then, this depends of the correlation between strategies, and then you can do a merged bactkest an if the result is for example that max DD with A+B has been 450$, then, for fix the DD at 30%, you need 450/0.3 = 1500 $ instead of 2000 $.

And at same time, the 'total' profit (I didn't say the maximum profit) at the end of a period X or at the end of the backtest, is obviously the sum of the profit of the system A + system B at this date. And for reach this profit, you have only used 1500$ instead of 2000$. This is the final conclusion, that if your system A needs 1000$ and your system B needs 1000$, for use both with the same risk criteria (30% of the balance), you 'only' need 1500$, not 2000$, and you are still gaining the profit A + profit B, this is, the same profit using less $ of balance, then a better yield of the inversion.

Anyway, the document I wrote some years ago, some of the new EAs doesn't exist at that moment, then, I will do a global backtest soon to update my conclusions about the % of the EAs and which of them are more or less correlated.
2
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by ccjhuang on Today at 09:42:06 AM »
Hi Joel,

Your post is still not showing on DonnaForex yet. I hope they will approve your post soon. But just bear in mind that they are strict about not allowing links to other forums so they may not approve your message if you asked members to come here for discussion, or if you left a direct link to our forum in your post. I have been cautioned by the forum owner Donna herself via PM when I posted a direct link to our forum. :-[

I look forward to the improvements on the EAs, and I believe next week should give us a good chance of making nice profits given the number of high impact news that are due. :)
3
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by Attractor on Today at 02:24:48 AM »
Hi Jimmy,

I just posted a message there in relation to this, the message is waiting for approval.

I'm reviewing the exit strategy of the Attractor system. For the moment seems that I can't improve the final profit, but I'm trying to get out  more fast than the current rythm without lose this potential profit.
 
And also, for low balance accounts or for people that don't want to use partial closes, I'm trying to put the TP at a more close distance (when partial close are not used), without lose a significant potential of profit.

I don't think this changes will lead to a significant improvement of the performance, but will make the use of the EA more comfortable because the orders will remain open less time in general and this is good for our health.

4
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by ccjhuang on Today at 12:38:22 AM »
Hi guys,

I got into this interesting debate with a member on DonnaForex about the maths behind merging the SFE EAs: https://donnaforex.com/index.php?topic=19777.msg391676#msg391676

I am sure Joel and my theory is correct but the member does not believe me...do you guys have a better way to explain it and help him understand?

Or if someone can do a backtest of running two SFE EAs together on the same account...maybe that will help convince him. :)
5
SmartForexExpert signals / Re: SFE Combo Signal (Signal Start / ZuluTrade / MQL5)
« Last post by ccjhuang on September 14, 2019, 01:27:15 AM »
Dear Subscribers,

Please note that I plan to reduce the risk on my account at some point next week. It is explained in the weekly update here: https://smartforexexpert.com/index.php?topic=514.msg723#msg723

For now, please keep your risk multiplier at 0.20 (if you want to trade at recommended risk), until further notice. :)
6
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by ccjhuang on September 14, 2019, 01:20:47 AM »
Weekly Result - 9th Sep 2019 to 13rd Sep 2019

Total: (https://www.fxblue.com/users/jimmy8378/stats?#week)
-$759.16 (with $14318.29 floating profit)

SFE Price Action: (https://www.fxblue.com/users/jimmy8378/stats?magic=400051-450601#week)
+$3569.41

SFE Attractor: (https://www.fxblue.com/users/jimmy8378/stats?magic=510051-510605#week)
+$6127.99

SFE Night Scalper: (https://www.fxblue.com/users/jimmy8378/stats?magic=710051-710302#week)
+$387.35

SFE EURUSD: (https://www.fxblue.com/users/jimmy8378/stats?magic=800051-860602#week)
-$10840.94

Wow...what a week it was! :o The ECB certainly didn't disappoint and gave us a lot of volatility, but the U-turn on EURUSD was certainly very nasty and my account was down about $50K very quickly! Fortunately the SFE EAs were able to catch the reversal and recovered all the losses. Now I have a basket of nice floating profit going into next week. :)

SFE PA and SFE Attractor ended the week with nice positive gains, and it is SFE EU that had a large loss. I think again it demonstrates the importance of trading multiple pairs for risk diversification to help minimise the drawdown. I am sure SFE EU will recover soon (maybe as soon as next week with the coming FOMC), but it would certainly be better to have less DD! ;)

Following the big (although temporary) drawdown on ECB day, I have decided that I will change my lot sizes to the following once the current basket closes:

SFE PA - 0.6 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $1000)
SFE ATR - 0.6 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $1000)
SFE EU - 1.0 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $600)
SFE NS - 0.9 Fixed Lot (amount risked = US$31500 at 0.01 Lot per $350)

Total amount risked = US$60K + US$60K + US$60K + US$31.5K = US$211.5K

So using Joelís merging SFE experts guide (see attached), my exposure would be roughly US$211.5K / 2.1 = US$100.71K = AU$146.8K (with AU exchange rate of 0.686)

Which means if my account has AU$150K and run the above lot sizes, I will be trading at the recommended risk. :D

Even if my account doesnít have $150K, the new risk will still be much more acceptable than 4-5x recommended risk. For example, if my account has $100K then I would be running at 1.5x recommended risk with the new lot sizes.

If the current trades don't all close before FOMC next week, then I plan to change the lot sizes just 10 minutes before FOMC takes place, so if another nasty zigzag happens this time we won't be hit as much.

For current subscribers, please leave the risk multiplier at 0.20 for now. Once I have reduced the risk on my account I will post an update here, and once that happens it would then be safe for you to use a risk multiplier higher than 0.20.

Have a nice weekend! :)
7
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by pmks1 on September 13, 2019, 05:19:46 AM »
Hi jimmy, there must be running ice-water in your veines ..  8) 8)

Impressive that you did not close it all when you were back at new equity high for some minutes yesterday, after the reversal .. so well-done .. i am sure you will come out in a profitable way now.

Just want to re-make my point, that i still dont believe you are running 5X the risk, but closer to 10X for now, since you use the same capital for all four EA`s .. just saying .. not pointing fingers  ;D ;D

Yeah 5x or 10x risk doesn't really matter now, because I will be lowering the risk after this basket is closed. I am just glad that I survived a day which I know I wouldn't have if I was trading manually! ;D

Absolutely agree ... !!
8
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by ccjhuang on September 13, 2019, 05:10:18 AM »
Hi jimmy, there must be running ice-water in your veines ..  8) 8)

Impressive that you did not close it all when you were back at new equity high for some minutes yesterday, after the reversal .. so well-done .. i am sure you will come out in a profitable way now.

Just want to re-make my point, that i still dont believe you are running 5X the risk, but closer to 10X for now, since you use the same capital for all four EA`s .. just saying .. not pointing fingers  ;D ;D

I think I was ok...I was a bit stunned when all the sell trades hit SL and left me down $50K, but before I knew it the EAs had already recovered the losses within the next hour. 8)

I already know this is what Joel's EAs are capable of, so I just leave the trades in his EAs' hands. I don't think any human trader would have been able to recover the losses with the crazy movements yesterday - they would have just held the sell trades and be in huge DD after the prices retraced completely and may still be holding the sell trades now...it was definitely a very nasty short squeeze!

Yeah 5x or 10x risk doesn't really matter now, because I will be lowering the risk after this basket is closed. I am just glad that I survived a day which I know I wouldn't have if I was trading manually! ;D
9
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by pmks1 on September 13, 2019, 03:45:56 AM »
Hi jimmy, there must be running ice-water in your veines ..  8) 8)

Impressive that you did not close it all when you were back at new equity high for some minutes yesterday, after the reversal .. so well-done .. i am sure you will come out in a profitable way now.

Just want to re-make my point, that i still dont believe you are running 5X the risk, but closer to 10X for now, since you use the same capital for all four EA`s .. just saying .. not pointing fingers  ;D ;D
10
Trade Journals / Re: Jimmy's Account - SFE Combo
« Last post by ccjhuang on September 13, 2019, 01:41:29 AM »
Yes it was a crazy day!

I think I was fortunate that something like this didnít happen when my account was smaller, otherwise I would have been margin-called!

But itís still good to see how the SFE EAs were able to accept losses and change the trade direction when itís right to do so, and now I am a bit up in equity after all. :)

If we can get another extension on the EUR pairs today then my account should have a nice gain.

My original plan was to reduce the risk once my account gets to $150K, then I will be running the following lot sizes:

SFE PA - 0.6 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $1000)
SFE ATR - 0.6 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $1000)
SFE EU - 1.0 Fixed Lot (amount risked = US$60000 at 0.01 Lot per $600)
SFE NS - 0.9 Fixed Lot (amount risked = US$31500 at 0.01 Lot per $350)

Total amount risked = US$60K + US$60K + US$60K + US$31.5K = US$211.5K

So using the merging SFE experts guide, my exposure would be roughly US$211.5K / 2.1 = US$100.71K = AU$146.8K (with AU exchange rate of 0.686)

Which means if I can get to AU$150K on my account and run the above lot sizes, I will be trading at recommended risk. :D

But after yesterdayís wake up call, I think I will just reduce the lot sizes to what I mentioned above, once the current basket closes. Even if my account doesnít end up with $150K, the new risk will still be much more acceptable than 4-5x recommended risk! :P

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