I mean are you just looking for red above blue for longs and vice versa? Or are you reading anything into the angle, etc?
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DislikedI mean are you just looking for red above blue for longs and vice versa? Or are you reading anything into the angle, etc?Ignored
DislikedBacktesting this EA gives me problems for some reason. On a backtest going back to January of last year, it only shows one trade, the first one of the year. It only shows one trade no matter what period I start with.Ignored
DislikedHi aicccia, thanks for sharing this EA, I will forward test on demo and will let you know results. I have a problem with the EA, it gives me a sound alert everytime the GBPUSD moves a pip! It is definately the EA since the sound alerts stop if I take it off. Any thoughts?Ignored
DislikedSo what is most important here? For instance, on a long, you say to look for a candle that opens below the 48 and closes above the 72, correct?
What happens if a candle opens above the 48 but still closes above the 72? Is that a non trade? Looking at your long entry today at 9512, the candle opened about 1 pip higher (at least on my eSignal charts) than the 48 ema but you still entered the trade.
Could you just reduce this to using the 72 ema for similar/same results?Ignored
DislikedI had the 'one trade only' problem also. I started December 1st. and ran up to last week. The journal showed no errors. It took a quick trade for a profit and that was it.Ignored
DislikedWell I found out 2 things at least on my platforms. It backtests on an IBFX mini account and gets several trades in January of 07. On MetaQuotes and Alpari it only takes 1 trade. Also Risk_Percent has to be set at .01 on a full size account. With a 10,000 balance and risk set at .1 it tries to open 20 lots.Ignored
Dislikedit only works going back 4 months at a time. If you want to test it for the first four months of last year, you'd have to first optimize all the settings for the mood and characteristics of the market back then. And the system is just designed for the 1-hour period. The market changes too much every few months in speed, and size of waves, choppyness, that you can't have one set of settings that will give you good results for over 6-8 months. After 6-8 months if your system is strictly mechanical, your profts will go down and your drawdowns will go up. I've found that the last 3-4 months is the optimal period to optimize your EA on.
If you doubt what I say, you can optimize this EA for the last 4 months preciding any time you wish(it will take about 24 hours though, I'd recommend turning the stop setting off and just optimizing the general and spike settings first, and the stop settings after the others have been optimized) and you'll find once optimized it does very nicely for that period of time.Ignored
DislikedI understand that it's optimized for the last few months. That isn't what I was referring to. Even if I start the backtest starting in January of this year, it shows one trade on January 11 to the 16th and that's it. If I started the backtest in December of 06, it only shows one trade on December 5th that's closed on the 11th. Obviously, more trades were generated than that.Ignored