Your Chance to help prove a system!
What you get: Download my free EA. No subscription, no limitations, works on demo and live accounts.
What I ask for: Please create and link to a trade explorer running this EA on XAUUSD on any demo account and trial run for a minimum of 2 months, preferably much longer. Please post a response with a link to your explorer and make it completely public, including lot size and profit. It would be helpful if you use the option to have the returns show in your signature, too. I need to prove this works for many people profitably over a long period of time.
WARNING: Please do not run on a live account, until you can see yourself it works in demo over a good period of time. If you go live, it needs minimum $1000 balance to trade 0.01 lot size. More details below.
Now for geeky stuff...:nerd:
This EA makes steady, smaller profits, more and faster when the market trends, slower and less when it ranges. It takes some time, please don't run it for a week and quit, your short-changing yourself. I made 50% in a month, but my expectation was 6-7% a week. I had it not close trades for 2 weeks, then close 30 trades in 2 days with FOMC, and over 10% profit. So, be patient. I've learned from real life trading slow and steady wins the race. I've manually traded up 700% in 3 weeks, but the math just doesn't work out for that to last long. My broker offers 1:300 leverage, so 0.01 XAUUSD takes about $4.25 margin to open. What this means mathematically is your account's leftover free margin determines the profit potential, drawdown tolerance, and account survivability. This EA will automatically increase the lot size as the account grows. To witness this, I recommend using demo account with large size, at least $50,000. The EA will use 0.01 lot size per $1000 in account balance. This is healthy, as the EA max possible drawdown is around 30%. It is physically impossible for it to exceed this limit, BTW, on one cycle. I've never seen it go past 15%.
Settings: leave them as is, do not modify any settings, just have the EA set to live trade, and check the import DLLs box before starting EA. If you must have it trading right away, modify the start time to a few minutes in the future, and the stop time 1 minute before that. If you need help installing, finding the EA in your file folders, or starting up the EA, please use search or Goo-gle. I won't be able to help you on that. This is a completely automated EA, it is also completely hands off, set and forget. Any intervention will throw it off, so if your that type, please open two demo accounts, and link the trade explorer to the one you'll leave alone, please. We all can benefit greatly from this, but we depend on your help to show honest record of the EA's progress.
NOTE: If your broker has very low spread, $0.10, for gold, you may need to use value 30 for gridlevel.
If you get a 130 error message, your broker has a minimum pip distance from price for pending orders to be place. You can change buffer setting to a value of 10 above what your broker's minimum pip distance is. If you don't know, e-mail your broker.
If you close your plateform, or if your VPS acts up and you have to restart MT4, the EA will NOT have kept track of floating equity to hit profit target. You will have to close trades, and start over, otherwise the EA will use whatever the equity was at start of MT4, which will most likely net you a loss.
This EA can have a high number of open orders that have to be closed at the same time. What this means is you need good latency with your broker. If I were a better coder, I would use actual calculated TP and SL to make the trades close on the broker's side. These values would have to be able to be calculated and modified by the EA frequently as new trades are opened. If anyone is up to figuring this out, please feel free.
Thanks for your help in advance, and your welcome for the EA. It is free, and must remain so. Please do your part to show off the results.
Here is list of current testors:
http://www.forexfactory.com/dambuster/20
http://www.forexfactory.com/spyderman/47
http://www.forexfactory.com/go4/50
http://www.forexfactory.com/kosmo/47
http://www.forexfactory.com/kosmo/80 ...this EA uses special $10 step entry points.
http://www.forexfactory.com/puppet81/19
http://www.forexfactory.com/jpdlegault/79
http://www.forexfactory.com/mucky/77
http://www.forexfactory.com/cescof/68 ...This explorer has custom $2.22 gaps between orders, so we can see the difference.
http://www.forexfactory.com/dgodfrey/11
http://www.forexfactory.com/dgodfrey/00
http://www.forexfactory.com/periphery/60
http://www.forexfactory.com/jstan/67
Also, all the errors and problems in the first page of posts are resolved. This download is latest fix.
What you get: Download my free EA. No subscription, no limitations, works on demo and live accounts.
What I ask for: Please create and link to a trade explorer running this EA on XAUUSD on any demo account and trial run for a minimum of 2 months, preferably much longer. Please post a response with a link to your explorer and make it completely public, including lot size and profit. It would be helpful if you use the option to have the returns show in your signature, too. I need to prove this works for many people profitably over a long period of time.
WARNING: Please do not run on a live account, until you can see yourself it works in demo over a good period of time. If you go live, it needs minimum $1000 balance to trade 0.01 lot size. More details below.
Now for geeky stuff...:nerd:
This EA makes steady, smaller profits, more and faster when the market trends, slower and less when it ranges. It takes some time, please don't run it for a week and quit, your short-changing yourself. I made 50% in a month, but my expectation was 6-7% a week. I had it not close trades for 2 weeks, then close 30 trades in 2 days with FOMC, and over 10% profit. So, be patient. I've learned from real life trading slow and steady wins the race. I've manually traded up 700% in 3 weeks, but the math just doesn't work out for that to last long. My broker offers 1:300 leverage, so 0.01 XAUUSD takes about $4.25 margin to open. What this means mathematically is your account's leftover free margin determines the profit potential, drawdown tolerance, and account survivability. This EA will automatically increase the lot size as the account grows. To witness this, I recommend using demo account with large size, at least $50,000. The EA will use 0.01 lot size per $1000 in account balance. This is healthy, as the EA max possible drawdown is around 30%. It is physically impossible for it to exceed this limit, BTW, on one cycle. I've never seen it go past 15%.
Settings: leave them as is, do not modify any settings, just have the EA set to live trade, and check the import DLLs box before starting EA. If you must have it trading right away, modify the start time to a few minutes in the future, and the stop time 1 minute before that. If you need help installing, finding the EA in your file folders, or starting up the EA, please use search or Goo-gle. I won't be able to help you on that. This is a completely automated EA, it is also completely hands off, set and forget. Any intervention will throw it off, so if your that type, please open two demo accounts, and link the trade explorer to the one you'll leave alone, please. We all can benefit greatly from this, but we depend on your help to show honest record of the EA's progress.
NOTE: If your broker has very low spread, $0.10, for gold, you may need to use value 30 for gridlevel.
If you get a 130 error message, your broker has a minimum pip distance from price for pending orders to be place. You can change buffer setting to a value of 10 above what your broker's minimum pip distance is. If you don't know, e-mail your broker.
If you close your plateform, or if your VPS acts up and you have to restart MT4, the EA will NOT have kept track of floating equity to hit profit target. You will have to close trades, and start over, otherwise the EA will use whatever the equity was at start of MT4, which will most likely net you a loss.
This EA can have a high number of open orders that have to be closed at the same time. What this means is you need good latency with your broker. If I were a better coder, I would use actual calculated TP and SL to make the trades close on the broker's side. These values would have to be able to be calculated and modified by the EA frequently as new trades are opened. If anyone is up to figuring this out, please feel free.
Thanks for your help in advance, and your welcome for the EA. It is free, and must remain so. Please do your part to show off the results.
Here is list of current testors:
http://www.forexfactory.com/dambuster/20
http://www.forexfactory.com/spyderman/47
http://www.forexfactory.com/go4/50
http://www.forexfactory.com/kosmo/47
http://www.forexfactory.com/kosmo/80 ...this EA uses special $10 step entry points.
http://www.forexfactory.com/puppet81/19
http://www.forexfactory.com/jpdlegault/79
http://www.forexfactory.com/mucky/77
http://www.forexfactory.com/cescof/68 ...This explorer has custom $2.22 gaps between orders, so we can see the difference.
http://www.forexfactory.com/dgodfrey/11
http://www.forexfactory.com/dgodfrey/00
http://www.forexfactory.com/periphery/60
http://www.forexfactory.com/jstan/67
Also, all the errors and problems in the first page of posts are resolved. This download is latest fix.
Attached File(s)
Steady Gold.ex4
20 KB
|
2,969 downloads
Too close for pips, switching to points.