This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Launching Bunjip EA - Wish me luck!

Jump to new
Looks good.

Appears to have some rather large drawdown periods.

What is the maximum open trade drawdown you would expect to get?
 
fapturbo said:
Looks good.

Appears to have some rather large drawdown periods.

What is the maximum open trade drawdown you would expect to get?
Click to expand...

its survived numerous 200-350 pip drawdowns in both its testing and live accounts so far.

it would take 500-600 pips to threaten a $5k account i believe. and this would be without the slight reversal it needs to escape the position.

i have a mark II of the bunjip running on a demo account which increases profits about 50% and could be argued it also slightly reduces drawdowns. but its only in the early stages of demo testing. im still worried it might confuse itself, so needs more then a week of testing before its fed money.
 
Hi Stormin Norman, you should be very proud of your baby, great work I say!

Can you update us on how it survived the weeks craziness?
 
Good recovery there. Glad to see i wasn't the only blended. You definately recovered betterthan I.

Cheers,


CanOz
 
Stormin_Norman said:
that was the joke

ill post results if you guys want. i was just excited and had to tell someone who understood. i told my gf and she just said 'thats nice'.
Click to expand...

When it works and the millions are rolling in, she will be lining up for the ring on her finger (huge diamond of course). Good luck, hope the hard work and stress pays off for you big time.
 
Literally "paying the bills" with an EA, who would have thought!

Well done Norm, its a pretty active little sucker too, almost as busy as TH!



Cheers,


CanOz
 
CanOz said:
Literally "paying the bills" with an EA, who would have thought!

Well done Norm, its a pretty active little sucker too, almost as busy as TH!



Cheers,


CanOz
Click to expand...

what's TH?

yeah, that's its modus operandi - lots of trades for a relatively small amount. the drawdowns are inevitable, but it has survived some quite large moves against it - and long may that happen.

its doable, i have another 3 EAs in various states of readiness - and if i can do it im sure a hell of a lot of other people could too.
 
Yeh fantastic stuff Norm.

I wish i could get $3k per month from a $5k starting account.

You've done the hard work, now go live it up
 

TH - Trembling Hand - his scalping is pretty active.

Actually i'm working on one with another ASF'er. Its in version 7 now and showing lots of promise.

Cheers,


CanOz
 
nice work canoz. it took us 12 versions before we fed the bunjip.

make sure you report on how successful it is. nothing like a happy story.
 
Stormin_Norman said:
nice work canoz. it took us 12 versions before we fed the bunjip.

make sure you report on how successful it is. nothing like a happy story.
Click to expand...

Yes would love to report now but i'll leave that up to my partner!

CanOz
 
thanks for posting your results Norm, it motivates us to see that it can be done!!

also this EA shows that martingale ideas shouldn't be rejected out of hand. This ain't like tossing a coin, where every toss is independent of each other, we are looking at the probability of a short-term reversal during a powerful trend, which is almost sure to happen if there is profit-taking.
 

yeah that's it exactly. having a matingale system in itself isnt destined for failure, just drowdowns. the important thing is not to over leverage it. it needs enough space to cope with drawdowns.

if it gets on the wrong side of a trade, it looks for the short term reversal to 'get out' of its position. so far its proved itself to work.
 
Hi Norm,

Whats your plan(s) going forward with this baby...

Are you going to keep it as a $5000 account and take out $3000 everytime it hits $8000? ... that way if it does blow up the worst you will loose is your original $5000.

... and is this how you managed your account with your MA/stochaistics EA?

sleepy
 

no, this is just the final stages of testing before it gets given 'proper' money.

i have been offered 60% holding in a trading company based in hong kong to trade for them. so atm im working on modeling how to run it based on the required returns to their investors and how to keep risk as low as possible.

so plans are quite large for it, although i never see it trading huge amounts, its returns are quite pleasing.
 
You must log in or register to reply here.

Similar threads

Options order nibbling
Replies
18
Views
2K
Sharkman
August 2025 DDD
2 3
Replies
54
Views
7K
ducati916
July 2025 DDD
2 3
Replies
45
Views
7K
ducati916
February 2025
2 3 4
Replies
64
Views
14K
ducati916
May 2024 DDD
2 3 4
Replies
69
Views
12K
qldfrog
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...