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Suggestion Monkey Pips ( from the original author )

I recently use Monkey and I must say that it is very nice in a figure with lot 0.16 pair GBPUSD M1 and the other figure with lot 0.01 EURUSD M1.
 

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I beleive the netted account type for mt5 is causing a problem because every successive trade is moving the average entry price up, and hence closer to a loosing stop.

I can work around it.
 
trevor said:
I beleive the netted account type for mt5 is causing a problem because every successive trade is moving the average entry price up, and hence closer to a loosing stop.

I can work around it.
Click to expand...

hi trevor monkeypip v3.01 is urs on other thread ?? if so can u suggest me a .set file for the same?
 
selvam said:
hi trevor monkeypip v3.01 is urs on other thread ?? if so can u suggest me a .set file for the same?
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I cannot recommend it. Everyone must understand that results from monkey are just theoretical and should not be taken seriously. Sorry it is unfortunate. I hav seen monkey perform as expected only with direct market access (institutional acc).
 
trevor said:
Have a look
View attachment 45199
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trevor,
the EA is not safe if not used with hard stop implemented as on version 3.01 with SL ( attatched few posts after yours)
Also, the trail stop 3 points is a victim of slippage so if you want live results to be similar to backtest you need a bit wider trailling because slippage will affect such low input as 3 poits (0.3 pips).
Yes the spread filter is used, but spread filter only guaranties for slippage not happening while placing pending order. After that the slipagge can jump and the filters will not prevent the EA when the order is already placed.

Also at last version you had time input variable for pending orders expiration. Correct me if wrong but I have not seen it here. IMHO it is one of the most important factors in this EA (defaul value V3.01 is 7 but working fine with value 10 too on backtest...)

So if you really want to transform this EA to MT5 for backtest reason then you have to pay attention to all such details , otherwise it will be just another failed project and traders with better coding skills will steal the concept and make it better. I know this is what I would do but unfortunatly I have no good coding skills.
 
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xiaofeiyu said:
Hello, sir, can you share the settings of MonkeyPips_305?
Thank you very much.
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Sure man, let me finish testing to day the last two pairs and i upload my setfile. Actually i use eurusd, eurgbp, usdcad, usdjpy, audusd (testing) and cadjpy (testing). Each with different risk rate and velocity trigger level
 
tempusoff said:
Sure man, let me finish testing to day the last two pairs and i upload my setfile. Actually i use eurusd, eurgbp, usdcad, usdjpy, audusd (testing) and cadjpy (testing). Each with different risk rate and velocity trigger level
Click to expand...
Thank you very much, sir. Look forward to your good results.
 
xiaofeiyu said:
Thank you very much, sir. Look forward to your good results.
Click to expand...
Im still testing,
I got best result with v301 (with stop loss), pair used is Dax (ger30, best broker with this strategy is Pepperstone razor for, i also tried Icmarkets and tickmill with less profit). Ofc in backtest DD are low and profit are Amazing, im not expecting this result, but in 12h , with 100$ deposit i got 10$ with my setfil (Total different from default, may they are different for each broker/stop level ecc)
I Will share them there if profitable at the end of this week.

[Sorry for my shit eng, i'm from Italy]

Sent from SoeHoe.ID mobile apps
 
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