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This EA is trading unlike any other i have seen I think it has great potential watch how it works
New EA Very nice EA watch how it trades
- Thread starter bradley congdon
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I would like to ask you to backtest yourself to see it trading as i think you missed the way it trades yes it has the option for martingale but you can set that to 1 in the options to turn it off completely, you have put so little time into trashing this ea aleast look into properly then alteast its an informed reason you dislike, you took seconds to dismiss when you missed the logic on what its doing!
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The rar file is error. cannot be extracted.
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here it is without the rar
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no restrictions
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what settings did you use out of interest the pic above is standard settings
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Can you post me an EA that will stand the test of time? or give me some hints on what to search for?
I understand your point but there are not many EA's that that I know of that will stand up to long term tests, I'm in search for either a relatively risky short term high gain EA where I withdraw the profit to the value of the initial deposit as soon as possible and let it run using just the profits.
or a slow and steady EA that stands the test of time where it can set up several times on different terminals so it earns enough to bother with..
any help pointing me in the right direction or search terms on types will help help me in my travels willing to adapt and learn
The Backtester worshiper.
Imho it is a great con of a robot when it is possible that it blow up an account completely and you do not know when. I would rather look for a robot which loses sometimes but not so fatally. It has to win more than it loses over time. And you are right: Such a robot is hard to find. I did not find it yet.
Please excuse that I do not have a better robot.
I apprechiate your sharing.
Thank you for that!
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if you watch this EA trade on test it uses trailing lines to place trades either up or down, making it smarter then most EA's I have seen... and its smart in the way of price action rather than indicators, put a backtest on visual and just watch how it opens trades for a little bit on standard settings, I think it could have some potential if developed in some way but haven't put any thought into improving this one yet, the martingale is a let down tho I agree
Well I run tests on the Ea to see on which TF perform best (default settings).
Test on EurUsd on all Timeframes.
Spread = 1.3 pips.
Start Balance = 500
Pair = EurUsd - Spread : 1.3 pips
Timeframe Profit Profit Factor Relative DD Mod Quality
M1 57.02 1.89 27.14 % 24.95 %
M5 56.90 1.89 27.15 % 90.00 %
M15 56.90 1.89 27.15 % 90.00 %
M30 55.77 1.87 27.27 % 90.00 %
H1 56.97 1.89 27.14 % 90.00 %
H4 83.34 3.26 23.30 % 90.00 %
D 63.03 3.52 11.31 % 90.00 %
Pair = EurNzd - Spread : 11 pips
H4 140.68 2.75 12.31 % 90.00 %
What we see here ? From M1 to H1 is almost the same, but changes on H4 and Daily with less DD and more profit factor.
To my surprise a run on EurNzd on H4 with spread 11 pips (that it is a lot) got low DD.
Test on EurUsd on all Timeframes.
Spread = 1.3 pips.
Start Balance = 500
Pair = EurUsd - Spread : 1.3 pips
Timeframe Profit Profit Factor Relative DD Mod Quality
M1 57.02 1.89 27.14 % 24.95 %
M5 56.90 1.89 27.15 % 90.00 %
M15 56.90 1.89 27.15 % 90.00 %
M30 55.77 1.87 27.27 % 90.00 %
H1 56.97 1.89 27.14 % 90.00 %
H4 83.34 3.26 23.30 % 90.00 %
D 63.03 3.52 11.31 % 90.00 %
Pair = EurNzd - Spread : 11 pips
H4 140.68 2.75 12.31 % 90.00 %
What we see here ? From M1 to H1 is almost the same, but changes on H4 and Daily with less DD and more profit factor.
To my surprise a run on EurNzd on H4 with spread 11 pips (that it is a lot) got low DD.
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lot size is changed by the risk setting based on the balance
Found on the net : PointBreak5-Build811~.mq4 (29/10/2008)
No tested, but ea can be attached to chart on last mt4