Are you using FXDD to run the AME Cross Trader?

I just created standard AND mini demo accounts on FXDD (because some customers were having difficulty running back tests) and learned some disturbing things...

• From what I can tell, the only difference between FXDD standard and mini accounts is the minimum deposit amount.
• The smallest trade you can place is 0.1 standard lots. On xxxUSD pairs that means 1pip=$1. To use the AME Cross Trader with $500 starting amount, you need 1pip=$0.10 minimum trade size. A factor of 10 difference!

My advice to anyone running the AME Cross Trader on FXDD is this...

• Start with at least $1000
  
• Set minTradeSize=0.1
• Set scaleDivisor=1000

Doing these things will let the EA run with the same level of effectiveness as a *true* mini account. There are just 2 main differences...

• Your initial risk is $1000 instead of $500
• The EA cannot scale trade sizes as effectively. For example, with $500 on InterbankFX, your trade size will grow from 0.05 to 0.06, 0.07, 0.08 standard lots, etc. each time your balance increases by $100. But on FXDD it will grow from 0.1, 0.2, 0.3 standard lots, etc. each time your account balance increases by $1000.

Anyway, I'm just putting this info on here so that you know what you are in for.

GBPCHF is looking very promising now

I was running the optimizer on all different pairs and one that stuck out for this last month is GBPCHF. Here are the optimized parameters for InterbankFX mini account with $500...

• minTradeSize=0.1 (0.01 for standard account)
• scaleDivisor=100
• stopDollars=1000 (or set to 1 to disable panic mode)
• shortMaBars=18
• longMaBars=90
• stopBars=6
• useLimit=1
• limitPips=20
• useMM=1
• aggressiveMode=1
• slippage=10
• panicMode=0
• maxTotalLots=1000

This combination produced 300% gains in a single month. Here is a graph from a backtest...


Anyway, it looks promising and I might try it in place of EURCHF, which I have been experimenting with but I'm not too happy with so far.

Preparing the AME Cross Trader for live trading

Apparently, it is not obvious how to optimize and prepare the AME Cross Trader for use on a live chart. So I made a video as an answer to one of the most commonly asked questions.



The original video was over 13 minutes long and had to be edited down to 9 minutes in order to comply with YouTube restrictions, so the ending is kind of abrupt. Sorry. Also, at the end I forgot to set the chart to H4 instead of the default H1.

Also, it might be easier to watch in full screen. :-)

GBPJPY looks like it's ready to rock!

Click on the chart below and you'll notice that GBPJPY has the longer of the two moving averages going through the last bar. This is the ideal time to turn on the AME Cross Trader on this chart.


It doesn't matter if the price goes up or down. If it goes above both moving averages, eventually the EA will start placing buy orders. If it continues the downtrend and goes below both moving averages, then it will start placing sell orders. Either way, the outcome will likely be some serious profits. This is not 100% guaranteed, but the likelihood is very high.

First testimonial: AME Cross Trader

One of my customers, Jeremy from USA, has sent me this awesome testimonial...

"What a week, I followed your directions down to the letter, and my first time around it worked!!! I started the EA on EUR/USD on monday... the long term average was crossing the bar. This morning when I checked, my account had went from 507$ to 1527$!!! I closed all positions because i was following strategy #2 (triple and withdraw)."

Please note that "this morning" in the note above represents Friday, not even a week later. These results are not typical by any means but it does happen once in a while. However, tripling your account in a month is not uncommon at all.

So, here's my response to Jeremy...

"Congratulations! Remember, as soon as your withdrawal is processed then you are trading risk-free. Not only that, but it looks like you made enough profit to cover the cost of the EA as well!. So now you have a free account and free EA, and a good working knowledge of how to continue the momentum. Good job, my friend!"

It looks like GBPJPY is coming back to its senses

I have been trading GBPJPY almost exclusively with the AME Cross Trader. However, recently I had to switch to another pair (EURCHF) because my favorite pair has been acting a little strange and throwing off my EA. But I ran some tests today and it looks like I might be able to put my EA back on GBPJPY. If you are interested, you can try the following parameters on a mini account with as little as $500, on the 4-hour GBPJPY chart...

• minTradeSize=0.1 (0.01 for standard account)
• scaleDivisor=100
• stopDollars=1000
• shortMaBars=36
• longMaBars=120
• stopBars=36
• useLimit=1
• limitPips=70
• useMM=1
• aggressiveMode=1
• slippage=10
• panicMode=0
• maxTotalLots=1000

Please note that "stopBars=36" represents a 6-day high/low on GBPJPY, which means huge potential drawdown. However, in my backtest, this combination produced 200% gains in 1 month.

WARNING: If you are not comfortable trading GBPJPY without an EA, then you had better not even try it with the AME Cross Trader. Without sufficient experience you will panic at the first sign of drawdown and drain your account in a matter of days. But if you have patience and can control your impulses, you can easily double your account and take out your initial deposit, eliminating all of your risk.

How can I tell if panic mode has been triggered?

If you run the optimizer on the AME Cross Trader, you are likely to find hundreds of combinations that end in profit. Unfortunately, many of those combinations never survived the whole time period of the backtest. Instead, they ended prematurely due to a "panic mode". So how do you tell which ones made it all the way through and which ones didn't? Here's how...

1. Sort the optimization results by profit.
2. Double-click the highest profit result to load those parameters into the tester.
3. Run a back-test and view the results.
4. If the very last trade is closed by the EA instead of by stop loss or limit, then panic mode was triggered. This is not 100% accurate but pretty close.

Sometimes panic mode is a good thing, though, so don't discard it altogether. If you find a combination that has alot of trades, high profit factor (2.0+) but reaches panic mode near the end of the time period, then this is a fantastic combination that will probably work for you for several months without reoptimization.