Andrea,

Just curious. Now that the live account is worth roughly $20,000, shouldn’t the lot size be increased to 0.2? Or will you keep lot size on live account @ 0.1 no matter how much the account grows?

At $20,000 and 0.1 lot haven’t you, in effect, you cut the risk/reward in half? As an account grows, should we be increasing the lot size proprotionately or let it remain at its initial value?

Many thanks,

JGH

Hi Andrea,

Any luck yet setting up new live V. 1.3 myfxbooks acct? Thank-you Andrea.

Hello Andrea,

With Regards to my post on the Chatting section Dated November 25th, 2010 8:21am

I am really getting nervous further more , when i see that your Live Account EA is taking exactly Opposite trades than mine.? I have 6 g/u Buy trades open where as your Crescendo has been selling it.? The Temp DD is now around 20%. And i am really worried. Just trying to analyze what i have done wrong.? Please, Any Help.? Do you need any further info from my side.? I am sure that Cres is one if the good EA’s, but some thing is going wrong with my account.

Below is the one from the Live Statement of yours.
11.24.2010 12:00 GBPUSD Sell 0.10 1.57622 - Open Orders

11.08.2010 00:01 11.08.2010 02:42 GBPUSD Sell - Closed Order
11.08.2010 12:00 11.09.2010 01:04 GBPUSD Sell - Closed Order
11.19.2010 00:00 11.19.2010 15:56 GBPUSD Sell - Closed Order
11.17.2010 00:00 11.19.2010 15:57 GBPUSD Sell - Closed Order
11.17.2010 00:00 11.19.2010 15:57 GBPUSD Sell - Closed Order
11.22.2010 00:00 11.22.2010 14:19 GBPUSD Sell - Closed Order
11.23.2010 00:00 11.23.2010 07:28 GBPUSD Sell - Closed Order
11.23.2010 12:00 11.23.2010 15:47 GBPUSD Sell - Closed Order
11.24.2010 00:00 11.24.2010 11:40 GBPUSD Sell - Closed Order

Below is mine All open orders with Huge Temporary DD.

Ticket Open Time Type Size Item Price S / L T / P Price Comm Taxes Swap Profit
14552583 2010.11.05 00:00 BUY 0.03 gbpusd 1.6277 0.0000 0.0000 1.5746 -0.30 0.00 0.00 -159.30
14555889 2010.11.08 00:00 BUY 0.03 gbpusd 1.6205 0.0000 0.0000 1.5746 -0.30 0.00 0.00 -137.70
14604096 2010.11.19 00:00 BUY 0.03 gbpusd 1.6052 0.0000 0.0000 1.5746 -0.30 0.00 0.00 -91.80
14608219 2010.11.22 12:03 BUY 0.03 gbpusd 1.5993 0.0000 0.0000 1.5746 -0.30 0.00 0.00 -74.10
14613110 2010.11.23 12:00 BUY 0.03 gbpusd 1.5934 0.0000 0.0000 1.5746 -0.30 0.00 0.00 -56.40
14614137 2010.11.23 18:00 BUY 0.03 gbpusd 1.5811 0.0000 0.0000 1.5746 -0.30 0.00 0.00 -19.50

To add some info to it, am using v1.3. The EA has not been taking trade since last few days i guess because as i had set the time frame to Auto instead of default 4(=12Hrs) in the inputs tab. Also, should i set the Close on Counter trend to True.? Started with $3000, so Fixed Lot size = 0.03
Current Scenario, i am at Floating Loss of near arround -1950 Pips / -570 $ USD.
Should i close all the trades, as it has been trading against your Live account.?

What happens to the EA if I manually close the trades of the EA? It took 4 consecutive long trades and even when the market brokebroke a new low today it did not autoclose the trades after 278 pips. The trend score shows -3 which I would have thought would make the EA realize that the trend was a strong short and time to pull the plug!

My account was $2000 but my lot sizes have to be .05 from my broker what setting does the EA consider for risk management?

Hi Andrea,

Considering the GMT Shift, I can not understand why the trades in your statement keep opening at the same Alpari time (12 & 0), if in March and October Alpari changes the plataform time compared with gmt from +1 to +2.

Thanks

Andrea :Good! Use those settings then

What do you mean Andrea? Should I use GMT_Shift 7 or -7 instead of -1 as your best setting recommendation?
Again, please post your backtesting results (html file) using the recommendated settings so I can evaluate how your DD was lower and what time and price the orders were opened.

Thanks

Hi Andrea,

After some analysis I noticed that the MTF trend score is not been calculated correctly on the backtesting for the 5 timeframes. I have tried many things, but it seems MT4 do not support this kind of calculation on 5 times frames, mainly Weekly and Montlhy.

One idea would be to use only one time frame, for example 60 minutes, and play with the periods in order to have the MTF for the 5 time frames. Since I do not know what kind of calculations do you use in this indicator, I would like to ask your help and input of which periods should I use to get the correctly MTF for each time frame.

If we were talking about a simple moving average, I would use the following settings on the parameters:

timeframe_1: 60 – SMAperiod_1: 10
timeframe_2: 60 – SMAperiod_2: 40
timeframe_3: 60 – SMAperiod_3: 240
timeframe_4: 60 – SMAperiod_4: 1200
timeframe_5: 60 – SMAperiod_4: 7200

that would be same of:

timeframe_1: 60 – SMAperiod_1: 10
timeframe_2: 240 – SMAperiod_2: 10
timeframe_3: 1440 – SMAperiod_3: 10
timeframe_4: 10080 – SMAperiod_4: 10
timeframe_5: 43200 – SMAperiod_4: 10

I’m looking forward to receive your comments.
Thanks and best regards,

I have tried two things:

- First of all I generated a FXT file for each time frame, since is the kind of file I use to run backtesting by every tick using dukascopy data. Obviously I also generated all time frames Hst files.

Below you will can find the comments of Birt, who has a blog to teach how to used Dukascopy data:

“MT4 lets you check any timeframe you want during the backtesting, both when specifying the indicator timeframe as well as via iOpen, iHigh etc. Of course, this works as long as you have the history file for the specific timeframe you’re trying to access.

You might be experiencing one of the following:
- you did not copy the HST files generated by the script, thus the indicator is using the history center data which probably has a different GMT offset, thus inducing an offset of several hours in all indicator results.
- your indicator frame of reference has a different GMT offset, which will naturally yield different H4 and D1 bars, resulting in different indicator results”

- Since the method above did not worked, I used the method below you post here in your blog:

http://investpress.com/downloading-importing-and-converting-1-minute-data-for-use-with-the-mt4-platform

Andrea, please make a test and let me know if the MTF scores of your backtesting is equal to the one your have in your live trading plataform?

Thanks

I have been trading LIVE for 10-11 weeks now and the equity curve has been very good. I started with the standard settings on v1.2 for a $1,000.00 account.
I installed v1.3 and changed the entry times while it was still trading a DD. I am not sure if that was a good idea.

It is up 26.4% based on $1k account. I started the account with $1,200 in it and I have had $15,000 go into the account incorrectly so it was transferred out very quickly. This does affect how MYFXBOOK reports my profit %.
I am prepared for fellow Crescendo Bloggers to take a look via FXBOOK http://www.myfxbook.com/members/ganglesey/julie509522/68169/PQ2ECgxNaHRD6TUTE9hY I hope this helps others see the potential of Crescendo.
Happy trading
Garry

PS: Julie is my wife and she has a lower tax rate than I do. That is why I have traded it in her name. I know it will make money and in Australia we have to pay tax on the profit.

I have been running the Crecsendo since beginning of OCTOBER, I have used the default settings as in the instructions, The account is at the moment -12% under the starting balance,. I am not getting the results of the live account nor the results of others that are also showing profits, Can Andrea or anyone tell me why the profit after appx 3 months is a negative one ???

Hi Andre,
I would like to know, wicht version do you use for those live result ? 1.2 or 1.3 ?

Thank you very much

1.3 closed 2 bad trades tonight.GBP/JPY of 12/31 and 01/04/11 for a total loss of $1717. exit on counter trend set to true. This sets my account at a negative that started trading on 11/30/2010. The sad part is…these 2 losses are the only losses over that period of time.

Hi Andrea I still am unable to understand why I am not getting the results as published for the last 3 months of appx 40% increase on the account.’

I opened my account on 11 Oct. I have the account set up with all of the recommended settings etc, to date it has had 5 max DDs and the account is appx MINUS (-) 40% of original balance.

these results certainly do not match the live account !!!! Andreas can you or anyone tellme why ????

Andrea,

I can see you have a few of the large drawdown trades open on your live account, that I have. What is your exit strategy for these, or do we just leave them going?

ta, Mike.

Hi Anreas My account has now gone further into the red since the entry above this one written on January 5th, the balance now stands at MINUS -56% and has had a further 2 Max DD’s that makes 6 max dd’s for so far.

I have written to you Andreas, support at Crescendo and also Mark McRea to see if there is anyone out there that might have some advice as to why I am not seeing the results like the live account , without any replies or acknowledgements regarding my messages etc. from anyone,

As my account is set up using the recommended inputs etc I have to conclude that this is going the way of other EA’s , down the drain !!!

An acknowledgement of this message and an answer would be appreciated .

Sincerely

John

Hi Andrea, just looking at the live statement above it says no open orders but the botoom part of the statement lists 4 or 5 ? open positions- all in loss at present- thesepositions are still open on my account- is this correct or should they be closed ? – in particular short trade gbpjpy sold at 125.749 still open with loss of 400 pips- should forex crescendo have closed these losing trades ? Please advise.
Regards, James Chenoweth.

Andrea, my Acc just closed 30% loss! Did yours??? Sad.

+140$ this month on closed positions and -1577$ at this moment on open positions ? Isn’t this a little bit disturbing ?

Why is that your Acc doesnt close yet but mine already closed?

30% of my live account has just been destroyed by Crescendo, thanks in part to the CPI news. In 8 years of trading, I’ve never lost anything like that.
All standard settings, very low lot size, 1% risk, v1.3 (with close-on-counter set to false, since that wiped out a big chunk when I first upgraded from 1.0 to 1.3).

Andrea, I sent you an email about the big drawdown last week.

All short trades from late December on both pairs.
My three month trial has proved to be very expensive, that Leo rubbish didn’t help either.

Not at all impressed It started off quite well with version 1.

Today my account imploaded with a huge loss. And it doesn’t sound like it’s only me….

Steve :
Thanks for the reply Andrea. I seem to recall you said you’d be leaving the EA to run, on your live account, with close-on-trend off, over the holiday period – so I simply did same. The EA was profitable with closed trades just after Christmas.
I understand the potential volatility due to low volumes, but all we saw was a a relatively tight range on cable, until break-out on the 12th. The price action that we’ve seen over the last couple of weeks isn’t that much different to what we saw in September.
Crescendo is now switched off while my trading account goes back to manual for recovery.
What do I do next? v1.4 or no more EA trading? Decisions, decisions, but I am very much disinclined to let any EA trade my account again.

Andrea

I am finding it impossible to do any long range testing and reach a decision to go live due to the rapid updates and getting some of the versions to perform. An answer to a few questions would be helpful.

1. Are the new versions applied to your live account..If so when?..If not why? In other words how was that performance achieved?
2, What criteria would you use to evaluate demo results and decide to go live?

3. If new versions have not been applied to the live account is the live version available to us? My objective is to make money not spend my time testing new versions.

Andrea,

For the benefit of all of those who are suffering a big draw down, do you have some advice to speed up the closing of basket of trades.

My GJ basket of trades started at 04/01/11, with currently 6 trades open. Break even point at 129.474. For GU I have 8 trades open, with break even at 1.58389. The problem is that I don’t see GJ or GU coming down to break even point in the short term. All this time Crescendo is in limbo — as we can’t close out any trades.

Is it a good idea to manually open a short at a local maximum, with say 4 times the normal lot size, in order to bring the break even point up? Or do you see another way of getting out?

hello Andrea why have you done a deposit in the live account ? you will increase the lot size?

Japan falls apart and gets washed away and yet the currency strengthens against the GBP.

The live account opened a trade on 28 Dec 2010 finally closed all 11 trades to make a profit, albeit only $40.00. That is a lot better than giving the market over $6K that it was in draw down at one stage.

My own account has been teasing me for weeks now. I know Andrea says to be patient. As with my previous post the DD of 30% is not quite enough in the beginning. 60% might be the better option.

I don’t think I will ever understand why the market moves the way it does but Crescendo appears too.

Trust in Crescendo with all your heart and lean not on your own understanding.

I don’t know what happened today but my account was 70% wiped out due to massive drop in GBP/JPY. Very disappointed.