A Word of Caution about PointBreak

article written by Boem.

I feel the need to write this update on PointBreak partly because there seems to be some readers anxiosly waiting for it and partly because there is a performance issue of the ea. The thing is my demo account continues to display steady performance with the balance now stands at $36,776 and a neglegible floating loss but my live account is in a big trouble. PointBreak accumulated longs when EURUSD made its last push upward during September 19 – 22, 2008 only to be caught in the strong trend reversal since September 22. My demo account somehow got off unharmed but my live account couldn’t. It squared off the positions with a huge floating loss of over 50% of the balance and then start accumulating net shorts. Altogether 375 trades have been entered into at 128:247 buy:sell ratio. There is a chance of recovery if the the downward push reaches the target around 1.31, about 400 pips away. On the other hand if the trend ends or if there is a correction, the trouble may be deepened.

I guess I need to monitor my live account closely and may have to manually intervene at a point. The ea’s author seems well aware of this problem and hints a manual maneuvering may be necessary from time to time. The later versions of the ea provide tools for such intervention but left it to the users on how it should be used.

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5 Responses to “A Word of Caution about PointBreak”

  1. haxial wrote:

    Hello,

    May I ask what Build Point Break you are using right now?

    This comment was written at October 10th, 2008 at 6:08 am,

  2. Boem wrote:

    I’ve switched over from build 809 to 810 just yesterday. The new build incorporates a new cut loss functionality supposedly to help minimize turnaround time in choppy market. I turn the function on with default parameters in both my live and demo accounts. Will have to see how it works.

    This comment was written at October 10th, 2008 at 7:33 am,

  3. haxial wrote:

    I still in demo account, I tested build 806 and it’s look good, but when I try build 810, it’ never open trade for 2 days now..I emailed Lin and victor but no respond..

    I again revert back to build 806 in demo, in just 10 minutes, PB 806 profited USD20.. where else build 810 never open trade..it’ make me confuse..

    This comment was written at October 10th, 2008 at 8:07 am,

  4. haxial wrote:

    May I know what is your Risk setting?

    This comment was written at October 10th, 2008 at 4:57 pm,

  5. Boem wrote:

    From build 809, there is automatic risk setting sliding up in accordance with equity growth. I guess mine remains at 1.

    This comment was written at October 10th, 2008 at 5:56 pm,

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