FractalWizard EA Video

January 19, 2008

Watch Fractal Wizard Videos: You need to understand how FractalWizard EA grow your equity.

From these videos you will see that FractalWizard EA can grow your equity, but in order to grow your equity you need to be patients when the EA in bad market.

Although there are some bad market along the way which cause some drawdown, but at the end FractalWizard EA always recover those drawdown and make another profits.

There are two videos: Non Aggressive Setting and Aggressive Setting set to 0.3.Back testing period: Sept 1, 2004 - Dec 20, 2007 (3.5 years)

Video1:

I turn OFF Aggressive Trading setting (Non Aggressive).

Parameter Setting: Risk_Setting:10. Aggressive_Trading:FALSE

Initial Deposit: USD 10,000. Net Profit: USD 138,099. ROI:1,308%.

Maximum drawdown:23.09%. Maximal Drawdown period: 5.5 months.

Video2:

I use Aggressive Trading setting (Aggressive).

Parameter Setting: Risk_Setting:10. Aggressive_Trading:TRUE. Multiply:0.3

Initial Deposit: USD 10,000. Net Profit: USD 212,597. ROI:2,126%.

Maximum drawdown: 24.43%. Maximal Drawdown period: 3 months.

 

Posted by gagahlin | Filed Under Expert Advisor Tutorial 

FractalWizard EA Setting

January 18, 2008

“I want 20% equity grow on my account every month, can FractalWizard EA achieve that?”
Please read this page carefully before you run FractalWizard on Live account!
IMPORTANT!
1. You must delete every variable in Global Variables at your MT4 platform before you start FractalWizard EA.To delete the Global Variables:

  • On the Tools menu, click Global Variables (or Press F3 button).
  • Press Delete button to delete the Global Variable.
  • Continue until all Global Variable has been deleted.

After the FractalWizard EA starts, DO NOT change anything inside the Global Variables.

FractalWizard EA needs those variables to continue trading if somehow your MT4 platform closed.

If you need to start the EA from the beginning (or new account), you need to delete all Global Variables again…THIS IS VERY IMPORTANT!
2. Fractal Wizard version 2.0 works on EURUSD pair, using H4 period.
3. You need to run the FractalWizard EA continuously in order the EA to work successfully, so you need a good PC and internet connection that can run 24 hours/day. There is a lot of VPS hosting or dedicated server that you can rent it below $50/month.
4. I do not recommend to use FractalWizard EA with other EA on the same account. FractalWizard EA from time to time needs to calculate the account drawdown and equity balance to close positions.
Minimum account size for FractalWizard EA:
  • Standard Account: USD 1,000.
    Bigger account size produce better results (because of the compounding effect).
  • Mini Account: USD 500.
    I find anomalies at fractals pattern on Mini account, I recommend using Standard Account.
At FractalWizard there are 3 important parameters:
  • Risk_Setting (1 to 20)
  • Aggressive_Trading (TRUE/FALSE)
  • Multiply (0.1 to 0.5) - this parameter work if you set Aggressive_Trading = TRUE.
How much maximum Risk Setting can I set to my account?

The answer is 20.

But please take a look at this back testing result below (2004/09/01 - 2007/12/12) ~ 3.5 years,
(Risk Setting = 10; Aggressive set to FALSE):
With Risk_Setting=10, resultedROI (Return On Inevstment): 280,831 (1100%) for 3.5 years back testing, drawdown up to 23.04%.
   I suggest 10 is the maximum Risk_Setting you set on your Live account.
For those who do not have stomach to sustain 25-30% drawdown on your account, I suggest you set smaller Risk_Setting.
This is back testing result using Risk Setting = 5; Aggressive set to FALSE.
With Risk_Setting=5, resulted ROI: 60,473 (241%), the drawdown down to 18.7% (below 20%), which I think most of people can sustain those level.
How aggressive can you go?
Before I explain about the Aggressive setting, please take a look the chart below:
(Risk Setting=10, Aggressive set to FALSE)
There is 2 period which FractalWizard needs 4 months (2006/02/25 -05/24) and 5.5 months (2006/06/23
-12/08) to recover the drawdown and gain new equity watermark.
Now with Aggressive setting set to TRUE and Multiply set to 0.3, the result:
Now the drawdown period takes around 3 months (2006/02/01-05/17), before achieving new equity watermark.
ROI = 549,606 (2198%) , Drawdown level up to 23.92%.
Click here for complete back testing result for Risk_Setting=10, Aggressive=TRUE and Multiply=0.3.
I change the Multiply to 0.5, now the drawdown period takes around 2 months, ROI = 601,234 (2404%) with drawdown level=25.24%. Fantastic huh!
What is Multiply does ?
The multiply setting work like this:
For every 10% drawdown in your account, the EA will increase the lot size at your trading account.
The calculation is:
Lot Size = Lot Size * (1 + n * Multiply)
n = 1 if your drawdown = 10%
n = 3 if your drawdown = 20%
n = 5 if your drawdown = 30%
n = 7 if your drawdown = 40%
Why you increase Lot Size when there is drawdown ?
For every good EA, there always good market condition and there is bad market condition.
This condition apply to FractalWizard EA too, no matter how good the market condition for the EA today, someday there will be bad market come.
With FractalWizard EA, the aggressive trading assume that after BAD condition market, there always GOOD market condition waiting. The aggressive trading assume after 10% or 20% drawdown; it’s time to increase the lot size in order to speed up the process to recover the drawdown.
For those who like Aggressive Trading (I prefer 0.2 level):
I suggest the maximum Multiply is 0.3, and use it carefully if you do not want to blow up your account.
For those who prefer conservative trading; or those who do not like principle adding bigger lot size in drawdown period, I suggest the Aggressive setting set to FALSE (OFF).

Posted by gagahlin | Filed Under Expert Advisor Tutorial