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| The GT-Shadow EA Questions and trading strategies specific to the GT-Shadow EA |
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10-25-2009, 04:51 AM
| #1 (permalink) |
| Junior Member Join Date: Oct 2009
Posts: 2
|  Questions about the GT-Shadow
Hello, I have the following questions: - If Gt-Shadow supports hedging, does it comply with the new FIFO rules? (or as I understood the FIFO rule prohibits hedging only on one chosen currency and noting to do (??) with having single position buy/sell for each of the two currencies). So in this context this is not clear to me, or I am wrong ?! - Is there an update support for the Gt-Shadow each month or so? - Is the Gt-Shadow available as demo version ? - Since Gt-Shadow provides many parameters that can be tuned, does it means somebody may "influence" in some sense the computation intelligence of the algorithm in some sense or are the parameters just related to money management and risk taking ? - If somebody wants to open a micro account (~500$) with 1:400, which broker would be the best to consider. (I am living in Europe). Is 1:400 provided by some broker supported in MT4 ? I ask this since by my demo MT4 account so far I see only 1:100. I hope I get some answers on these questions.. |
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10-25-2009, 08:55 AM
| #2 (permalink) | |||||
| Administrator Join Date: Jul 2009 Location: Sterling, VA, USA
Posts: 138
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Hi Nikmo, Quote:
It supports hedging across two different pairs (currencies) at the same time. So you would have the robot running on (for example) the AUDNZD and EURCHF at the same time, hedging against itself across those two currencies. It also supports use on both FIFO (U.S.) and non-FIFO (UK, preferred) brokers. FIFO stands for "First In First Out" which means if you are on a FIFO broker like IBFX, and you open ten positions, you cannot close out the last position you opened first (which is preferred). Instead, FIFO requires that the first position you opened be closed first (hence first in, first out). In the case of GT-Shadow and RoboMiner robots, that means you would take a loss if you did not have the "FIFO" setting properly selected. With a FIFO broker, all you have to do is wait until ALL your positions are profitable and then close them out all at once. With a non-FIFO broker (like Forex.com or Alpari UK) you can close the last one and make a profit on that position, unlike IBFX which would close your first position at a big loss if you tried to do the same thing. Using a non-FIFO broker is my personal preference in terms of profitability, but either can be used. Edit - I just saw you are in the UK, so you don't have to worry about all the FIFO mumbo-jumbo (lucky you!) Quote:
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As far as 400:1, you would also need to contact each broker to determine if they offer that leverage. Please let me know if you have any other questions. | |||||
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10-25-2009, 06:20 PM
| #3 (permalink) |
| Junior Member Join Date: Oct 2009
Posts: 2
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ok, thanks for the answer... I asked about FIFO, since I supposed the GT-Shadow takes advance on non-FIFO strategy.. and for the update, well, it will be rather essential since the "system" slowly converges to "FIFO" rule world-wide. So, if the GT-Shadow will still be profitable (with guarantee) also when functioning under "FIFO" rule? Or can somebody run on PipCop one such GT-Shadow WITH "FIFO" rule - so hedging only on two different pairs, and therefore we can see how the GT-Shadow will perform ?! Thnx |
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10-26-2009, 10:55 AM
| #4 (permalink) |
| Administrator Join Date: Jul 2009 Location: Sterling, VA, USA
Posts: 138
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The robots won't need an update for FIFO since they already support it. However, there may be new features, so we will provide updates for the lifetime of the version. Of course, as with any investment product, there is no guarantee of profitability. That is a good idea to run two versions of GT-Shadow - FIFO versus non-FIFO. I will see what we can do. |
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11-09-2009, 11:36 PM
| #5 (permalink) |
| Junior Member Join Date: Oct 2009
Posts: 5
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I notice that Forex.com quote currency symbols with FXF appended at the end, for eg, EURUSDFXF. Will GT-Shadow take care of this extra "FXF"? Perhaps We should enter EURUSDFXF (for this example) in the Currencies/ShadowCurrencies parameters? Will trades be opened by GT-Shadow if we don't include this extra "FXF'" in the parameters? There don't seem to be any problems with Prospector and the Robominer family as they get it correct when placing trades. |
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11-10-2009, 08:02 AM
| #6 (permalink) |
| Administrator Join Date: Jul 2009 Location: Sterling, VA, USA
Posts: 138
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Yes. For GT-Shadow, where you must manually specify the name of the currency, you must match it exactly as shown at the brokerage. For our the other robots, they simply operating by using the chart they are placed on, so they assume that is the one you want to use. |
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11-23-2009, 11:14 PM
| #8 (permalink) |
| Administrator Join Date: Jul 2009 Location: Sterling, VA, USA
Posts: 138
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While Gt-Shadow is significantly more complex and designed for very experienced traders, it does include a setting file that mimics the setup of RoboMiner. One can start with that setting file and then make changes. Please note that GT-Shadow is not recommended for first-time or beginner traders, and fewer than 5% of all our sales are for GT-Shadow. |
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