Fx4u GBPUSD Trading Robot

shbma

Hi,
Am getting different results while following the same steps.

I tried First test am getting 702 profit vs 936 test results. Same broker.

Also would like to know more about the bot.

Question:
fix money = we input fixed money & Max money?
Question:
Fixed 15 USD or 15 Max money is the profit and loss for each order? if yes! why i see loss more than 15?
Question:
If Risk is applied for Money management: We only input for Risk %.

https://clickalgo.com/fx4u-gbpusd

Sophia

Hi, i will get the vendor to reply to your questions.

Fx4U

Dear shbma,
Can you tell me how your settings are? If you want to see the same result, please set the following:
Broker: Icmarkets; Data Type: Tickdata; Commission: 30 per million; Parameter settings: Default; Backtesting period: from 04/01/2022 to 04/01/2023;
=> As a result you will get 936
About your questions: If Money Management you choose FixMoney, the bet amount for each order will be taken in the FixedMoney section, if you choose Money Management as Risk, the amount will be calculated in % in the Risk section (% Risk calculated according to Balance).
Max Money: The maximum amount you bet per order. Even if you set FixMoney to Risk, the loss amount for each order will not exceed this number.
However, I do apply Kelly's capital management method which is to bet more on positions that have the potential to give higher profits and vice versa, so the amount of loss per order will be about 10% different from amount you set.
On the other hand, due to slippage also makes your loss a bit larger than your bet.

Regards,
Fx4U

shbma

Dear Fx4U,

Am a bit confused. if i would like to increase returns and risk. which method shall i use.

Question: have you tried this bot on real account generating at least 1% or less a month?
if yes can i see the results.

shbma

lot size

shbma

i also back test 9 year. got different results.
Broker: icmarkets
Dates: Same

Money M: Risk
Risk %: 2
Fixed M: 15
Max Money: 15

Results: 583%

shbma

Max money is = stoploss
Fixed money is = ?

This is just a bit confusing.

please go along with me and lets explain it in more simpler way. Thank you.

Pipster

This was taken from website page,

Choose Risk (meaning you are choosing % of account risk for each order you enter). If you choose FixMoney, you will set a fixed amount for each order you enter.

Have another read of the page.

Am a bit confused. if i would like to increase returns and risk. which method shall i use.
just increase lot size.

You need to be an experienced trader for any automated trading system, the markets can go crazy, so if you plan to use this with no hands on trade management you will lose.

shbma

Hi, Pipster

How do you increase lotsize then ?

Pipster

looks like there is no position size setting, you can increase the chosen risk %, try that. hopefully the vendor will reply soon for your other questions,

Fx4U

Dear Pipster, Thank you.
Dear shbma,

Money Management: Risk
Risk %: 2
Fixed Money: 15
Max Money: 15000

Put this and backtest, you will see the same result as me.
Change the Risk % section if you want to increase or decrease the risk.
Regards,
Fx4U

shbma

Hi there,

Here is screenshot. am still doing something wrong?

please let me know.

Regrads

Fx4U

yes you can adjust the parameters for profit/risk comparison and to understand more about bots. (During the backtest, MaxMoney should be a very large number like 1000000 to not be limited in volume)

Regards,
Fx4U

shbma

Hi, So what is the right parameters to get the exact results as mentioned ?

shbma

(243,831% Net Profit with a Drawdown Risk of 14.39% of equity and 10.65% of the balance

Equivalent to about 243,831% return over 9 years or 27000% return each year)

Can you please share the exact parameters for the above results. i shared a screenshot the results are different.

Fx4U

Please set Max Money to 1000000
Regards

shbma

Hi,

Still different results.

Attached screenshot.

Sophia

Both of you should test with tick data with the same broker for the same backtest start and end dates, there may even be a difference because the data comes from different test servers.

Fx4U

Broker: icmarkets - Demo Account
Data: Tick data
Commission: 30 per million
Dates: 19/01/2014 - 04/01/2023

Money Management: Risk
Risk %: 2
Fixed Money: 15
Max Money: 1000000

Please make sure the above parameters.
Regards

shbma

Dear Fx4u,

Ok, the issue was with Demo account.
Am getting same results as you now.

I see you reduce the price to $100 and removed the backtest results. May i know why?

If you also could please answer the following, am sure it took you time and effort to build this bot, will it be possible for you to share real account results. even if its generates below 0.05% ROI a month for any given month.

After this step i will definitely purchase it.

Regards,