I decided that since the 200MA has been kicking me in the crotch lately, I should get on its good side. So I tried optimizing for InterbankFX, using the "ame-cross-trader-h4-mini-full.set", but instead of optimizing the "longMaBars" I simply set longMaBars=200 and left it out of the optimization. I got some interesting results. Not necessarily great results, but one thing that I found is that those combinations were rarely hurt by the 200MA. In fact, I also found that using shortMaBars=12 produced some nice results in a few currency pairs.
If you're feeling experimental, try optimizing some currency pairs but leaving shortMaBars=12 and longMaBars=200. Optimize all the other parameters that are already checked in the preset file and see what you come up with. Also, run backtest in visual mode so you can see exactly how the MAs affect the trading. I think I might be on to something good here.
Tuesday, January 20, 2009
Friday, January 16, 2009
Anyone experiencing this with FXDD?
I have set up a demo account on FXDD and have been running the AME Cross Trader on GBPCHF for a few days now. It seems like I lose my connection repeatedly throughout the day. I have other accounts on InterbankFX and Metaquotes. These accounts rarely lose connection, but FXDD loses connection all the time. Have you experienced this? Are the live accounts this unstable? Please leave a comment and let me know. I am very curious about this.
The AME Cross Trader ONLY places trades, sets take-profit and moves trailing stop within the first 60 seconds of a new bar forming. On the H4 this means if I lose connection, say, for 2 minutes, causing me to miss my window of opportunity, then I have to wait FOUR HOURS for the next opportunity. On the D1 that time increases to TWENTY FOUR HOURS. This makes me never want to open a live account on FXDD. Someone please tell me I'm wrong.
The AME Cross Trader ONLY places trades, sets take-profit and moves trailing stop within the first 60 seconds of a new bar forming. On the H4 this means if I lose connection, say, for 2 minutes, causing me to miss my window of opportunity, then I have to wait FOUR HOURS for the next opportunity. On the D1 that time increases to TWENTY FOUR HOURS. This makes me never want to open a live account on FXDD. Someone please tell me I'm wrong.
Sunday, January 11, 2009
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!
- Start with at least $1000
- Set minTradeSize=0.1
- Set scaleDivisor=1000
- 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.
Friday, January 9, 2009
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...
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.
- 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
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.
Monday, January 5, 2009
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. :-)
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.
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.
Friday, January 2, 2009
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$!!! I closed all positions because i was following strategy #2 (triple and withdraw)."
Please note that "this morning" in the note above represents Friday, not even a week later. These results are not typical by any means but it does happen once in a while. However, tripling your account in a month is not uncommon at all.
So, here's my response to Jeremy...
"Congratulations! Remember, as soon as your withdrawal is processed then you are trading risk-free. Not only that, but it looks like you made enough profit to cover the cost of the EA as well!. So now you have a free account and free EA, and a good working knowledge of how to continue the momentum. Good job, my friend!"
"What a week, I followed your directions down to the letter, and my first time around it worked!!! I started the EA on EUR/USD on monday... the long term average was crossing the bar. This morning when I checked, my account had went from 507$ 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!"
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