Vision Pro New Development
by admin on 02/07/09 at 6:30 pm
NFA once again have new regulations for NFA brokers. The new NFA regulations now prevent you from trading like before.
What you need to do in the USA (for NFA brokers) as of July 31, 2009:
* Can’t have hedging positions, it means OCO orders ( One cancels the other)
* FIFO (first in first out) system: order that opened first must be closed first.
* Can’t have stop and profit target for order with the same lot-size.
Some broker like FXCM, and Forex.com move to their UK divisions. I myself prefer Alpari UK.
Anyway, I also working with new approach for our Vision trading system (VISION PRO).
The new Vision trading system will enable you to trade in NFA brokers even with those limitation above.
1. Vision do not hedge its positions. (I do not use USDCHF to hedge EURUSD).
2. You can limit open positions to only 3 – 10 positions only (and each position can have different lot-size).
3. Enable to close all positions using first in first out procedure.
I also add equity protection (stoploss control) to prevent further drawdown.
You can set from 5% to 30% drawdown before the system cutloss the open positions.
Click these pictures below to enlarge it.
This is our backtest result from 2006-2009:
At the result above, I backtest using EURUSD (30 minutes chart), with these settings:
1. Risk Setting=10
2. Maximum Positions=20
3. Profit Protection: Not set (not limited)
4. Drawdown Protection: 30% equity cutloss
The result our Vision can generate profit $189,367 from $10,000 deposit.
Then I backtested with more conservative approach:
I backtest using EURUSD (30 minutes chart), with these settings:
1. Risk Setting=10
2. Maximum Positions=10
3. Profit Protection: Set to 10% above balance
4. Drawdown Protection: 5% equity cutloss
The second result produce less return but more reliable to achieve. The new Vision now produce 48,489 profit on $10,000 deposit using cutloss every 5% drawdown.
I will post more backtest results later at this page…. please come back again next week….. 
I really excited with these results. Now our development process is finish, we start our forward test phase.
As soon as I check everything is correct, I will send the EA for you to test it too.
Ashok
Jul 2nd, 2009
Hi,
This is very nice!
but risk is quite high, but any have great effort you done.
Have a nice day to you
Bye
Ashok
chennai
India
Juergen Steinacher
Jul 2nd, 2009
Looks great.
Andy Gray
Jul 2nd, 2009
Hi Lin.
The results is very promising! When we can get the trial EA to test it ?
I want to know the pro and cons using new Vision.
Sincerely.
Andy
John
Jul 3rd, 2009
This looks great, hope it arrives soon.
I particularly like the look of the win%.
Boem
Jul 3rd, 2009
I’ll be rather cautious with this type of trading strategy/ea. Got burnt with pointbreak, the former version.
Terry Johnson
Jul 3rd, 2009
Hi Lin, I saw you added equity protection / stoploss control in this version. I think its important feature for us to control the drawdown.
As I prefer I can control the maximum drawdown.
bob t
Jul 3rd, 2009
nice job, will you explain logic behind your ea ?
tampajym
Jul 3rd, 2009
Looks good. How much longer? I like Alpari too but can’t trade through their UK platform must use US platform. Is Alpar US member of NFA?
Thanks,
Jim
rez
Jul 3rd, 2009
Nice EA!
Klaus
Jul 3rd, 2009
Really impressive!! Congratulations!!
Marco
Jul 3rd, 2009
Greetings,
How much longer till the release of Thunder Bolt EURUSD plus T2 GBPUSD? How much longer do we have to wait till Vision EA hits the world market? Does Vision EA have a hidden Stop Loss? This feature is needed with the final release that way stop hunters don’t take you out of a trade to early. Make all settings avail to the user…
I’m ready to get paid with the Vision…What will the price be?
gagahlin
Jul 4th, 2009
hello tampajym,
I think so, because I heard their client is moving to their UK division. I know the problem their UK division is not accepting US citizen. But there are several good broker that do not a member of NFA, like FXDD.
gagahlin
Jul 4th, 2009
Hello Marco,
We will release it in the middle of July to end of July.
Yes. Our Vision has hidden stop loss. The price should be almost the same with Pointbreak EA.