Welcome Back, Meta-Traders.This week I started trading on my new FXDD Account which will be running Coatl H1 from Asirikuy. Here are a few pointers for new account start up from my experience:
- The LAST thing you want to do is let the expert go live on the first tick of the Sunday open. A lot of stuff goes on at the open and you want to make sure your experts are running properly and everything is kosher before live trading.
- Instead, load up all the experts, with all the preset files except uncheck the box to allow live trading. This way the experts will run, but they won't be able to trade.
- Next, monitor the systems for a few days. Check the lot size, starting balance and make sure the position size looks correct.
- Check for trades - the log files will fill up with stuff like this:
02:58:58 COATL EURJPY,H1: openBuyOrder: Trading is not allowed.
02:58:58 COATL EURJPY,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURUSD,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURJPY,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURJPY,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL USDCAD,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL USDCAD,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURJPY,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURJPY,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURUSD,H1: openBuyOrder: Trading is not allowed.
02:59:00 COATL EURUSD,H1: openBuyOrder: Trading is not allowed.
- Sanity check the trades if possible and compare against other instances.
- Once you are satisfied, you can slowly enable live trading for all 8 pairs being traded.
In my case, I started monitoring on Monday, and let it run most of the week with no live trading. Finally on Friday, I enabled trading on EUR/USD and USD/CAD and took a few trades. I'm going to enable the remaining instances in the coming week or so. Am I cherry-picking the opening trades? Maybe a little. As long as I let them run live after start up with no interference, I'm sticking to my plan.
If you don't know what COATL is about, check out the Prior blogs posts I did on the subject:
COATL Part 2
COATL Part 3
There's some pretty good stuff in there, and COATL is a mind-blowing achievement in itself, reducing a large decision space (2.14 X 10^16) into 3 different sets of parameters per currency pair via Genetic selection and optimization. And this is only one of about 8 possible Coatl portfolios.
Enjoy your weekend.
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