New EA 100 PIPS DAILY SET& FORGET IT

[nav1986]

I get 100 pips today on pair gj in demo account.

 

[ariefryandz]

Please share your setfile sir, because bad for backtest

 

[deni pras]

thank for share

 

[alief power]

WANT TO TRY IT ONCE

 

[torppc]

thank you

 

[greeg]

somebody has a setfiles this EA?

 

[romaha]

Hi I am getting huge loss on demo account. What settings you are using on this EA ?
Thanks

 

[vladi]

set file?

 

[mar7in]

This is my 5 Month backtest with with tickstory data, GBPUSD with your set file, 17% Draw Down, and It's a loser like the "karl ditman" guy..

 

[irie0815]

Btw a backtest with 90.0% backtest quality is a joke. That won't give you accurate backtest results. You should have atleast 99%

View attachment 22885 View attachment 22884 Hi:

This is the latest strategy released (June 2010) by Karl Dittmann - 100 PIPS DAILY SET& FORGET
Strategy is very simple and I would like to know if Funyoo can make EA out of this strategy. I think you've already have similar EA here. Perhaps, you can do a little modification from existing similar EA or creating from scratch, either way, I would very much appreciate it. Basic strategy rules mentioned below. All the bells and Whistles can be added. i.e. step trailing, moneymanagement for the lot size allocation, etc. Also, if we can add an option of xx number of trade to open, we do not have to open all 6 pending orders. We can open 4 pending orders (2 longs and 2 shorts, etc.) - optional

Thanks,

//===================//================

Simple system is time based and can be used only once a day: Max Daily Profit Potential: 100 pips
Trade Setup at: new day (00:00gmt? or different for different broker?, but setup at new day starts)
1) Find Previous day's High and Low price (he suggest 6pm EST to 6pm EST as 1 day's high/low)
2) Set up 6 pending orders : 3 StopBuy orders and 3 StopSell orders
3) Set it and forget it.
4) by 6PM new day remove all un-triggered orders and set up new pending orders.
Note: Do not trade (no setup) if 6pm to 6pm bar's high/low is > 150 pips
JPY pair works best. (USDJPY). EUR/JPY or GBPJPY may need to adjust SL and TP - not sure the optimal setting for SL/TP

Set 3 BUY orders 7 pips above the high (high + 7 pips)
Order 1 Entry: High +7pips
Set take profit 15 pips and stop loss 25 pips
Order 2 Entry: High +7pips
Set take profit 35 pips and stop loss 25 pips
Order 3 Entry: High +7pips
Set take profit 50 pips and stop loss 25 pips

Set 3 SELL orders 7 pips below the low (low -7 pips)
Order 1 Entry: Low -7pips
Set take profit 15 pips and stop loss 25 pips
Order 2 Entry: Low -7pips
Set take profit 35 pips and stop loss 25 pips
Order 3 Entry: Low -7pips
Set take profit 50 pips and stop loss 25 pips


Example for Long Orders:
USD/JPY High=90.50 Low=90.00
Order example 1 LONG=90.57 Take Profit=90.72 Stop
loss=90.32
Order example 2 LONG=90.57 Take Profit=90.92 Stop
loss=90.32
Order example 3 LONG=90.57 Take Profit=91.07 Stop
loss=90.32

Example for Short Orders:
High=90.50 Low=90.00
Order example 1 SHORT=89.93 Take Profit=89.78 Stop
loss=90.18
Order example 2 SHORT=89.93 Take Profit=89.58 Stop
loss=90.18
Order example 3 SHORT=89.93 Take Profit=89.43 Stop
loss=90.18

The Max profit target = 100 pips. The other 3 scenarios are:
A) 2 orders profit targets are reached and the 3rd order is closed by the stop loss (25pips)
+15 pips +35 pips -25 pips = +25 pips profit
B) 1 order profit target is reached and the 2nd and 3rd orders are closed by the stop loss (25pips)
+15 pips -25 pips -25 pips = -35 pips
C) none of the orders profit targets are reached and all 3 trades are closed by the stop loss. -75 pips (happens very rarely!)

A backtest with 90.0% backtest quality is a joke. That won't give you accurate backtest results. You should have atleast 99%

 

[Rotimi]

your welcome sir

Well done sir

 

[mzaimdean]

thank you for sharing, will write review after BT

 

[mzaimdean]

thank you for sharing, will write review after BT

After BT, this EA look profitable.
For me, better leave SL empty, other setting depend on your MM, can use this EA as long term investment with the right setting

 

[hassn]

i thought i am the only one who could never took benefit from that EA though thats a famous EA around the WEB, it easily tells 100 PIPS per day but i always find from where to get those 100 pips...always fail in backtesting as above image is enough to show i get the same results too...But i want to know if that EA can really be improved then please tell us the parameters to set them correctly or share your Set files otherwise its only a big failure

 

[Francisco O.]

Yes this EA without set file is a wsate of time, maybe work maybe not.

 

[Francisco O.]

This is my review for this thread:
EA without set file not workeable.

 

[ganesan2017]

This is my review for this thread:
nice

 

[tereter]

Thanks for this, will try later

 

[andy60rm]

This is my review for this thread:
good