Hey, I have been doing a lot of back testing as well. I found the EA on mt4talk and decided to give it a try. My broker uses a kind of higher spread than the rest (eurusd around 15 +-3). I have found that during some months it works much better on M30 charts, but during longer periods of testing H1 works best. From August 1 till the end of September on m30 chart it made above 1000 in profit but the drawdown was about 47% (500) deposit. During BT from Jan 1 2016 until Nov 8 2018 on H1 chart it made 27000 USD profit with 34% drawdown (500 deposit). Unfortunately the SL and TP are not changeable but right now I am trying to manually stop trades that hit a verified support level or resistance (in profit), actually I just move my tp to that area.
I am sure people asked but you guys are not willing to put out the .mq4 file of course. Would be able to try and incorporate RONZ to manage the trades, or use a simpler indicator to manage TPs within a support/resistance area.
I can tell the strategy behind this EA is pretty different than what is out there and I really like it.
Will update what happens with me with manual stops. So far I made 130 USD within one week by manually stopping. Zero losing trades. 500 deposit, 0.05 lots.
Of course for the manually closing of trades being tested now is on a demo account but I am putting a lot of time and effort into it.
Thanks to the person or team who made it.
I am sure people asked but you guys are not willing to put out the .mq4 file of course. Would be able to try and incorporate RONZ to manage the trades, or use a simpler indicator to manage TPs within a support/resistance area.
I can tell the strategy behind this EA is pretty different than what is out there and I really like it.
Will update what happens with me with manual stops. So far I made 130 USD within one week by manually stopping. Zero losing trades. 500 deposit, 0.05 lots.
Of course for the manually closing of trades being tested now is on a demo account but I am putting a lot of time and effort into it.
Thanks to the person or team who made it.