Last Friday (week ago) I began to test this EA.
Start London / End 3PM New York time.
Max DD = 0.2 (20%)
Pairs: 4pairs as per default
EA attached to GBPJPY.
This EA is definitely not for ranging market. Unfortunately that was the case most of this week - at least for the purposes what this EA needs to be successful. So in short - the week was disastrous.
Although I did stray away from the rule "close all at finish hour" and did change on Wednesday to none-stop trading. My hope that negative balance of that time could be recovered however has not materialize.
Thus a big lose - the 20% DD has been hit today.
Bit of bad luck as well... had 9 Long positions and only 3 Short on Friday morning Eastern Time. Around 7.5% mark in minus. As Friday's PA vent lower I was out of luck.
I will give it one more week though. Hope for trending market.
As an idea there is nothing wrong with this EA. But it probably is not ready (as is) for the real world i.e. LIVE account.
But maybe the creator will find a way to improve it. As they say - try and if you don't succeed try again.
In any case thank you XLI for putting the time and work into it.
Start London / End 3PM New York time.
Max DD = 0.2 (20%)
Pairs: 4pairs as per default
EA attached to GBPJPY.
This EA is definitely not for ranging market. Unfortunately that was the case most of this week - at least for the purposes what this EA needs to be successful. So in short - the week was disastrous.
Although I did stray away from the rule "close all at finish hour" and did change on Wednesday to none-stop trading. My hope that negative balance of that time could be recovered however has not materialize.
Thus a big lose - the 20% DD has been hit today.
Bit of bad luck as well... had 9 Long positions and only 3 Short on Friday morning Eastern Time. Around 7.5% mark in minus. As Friday's PA vent lower I was out of luck.
I will give it one more week though. Hope for trending market.
As an idea there is nothing wrong with this EA. But it probably is not ready (as is) for the real world i.e. LIVE account.
But maybe the creator will find a way to improve it. As they say - try and if you don't succeed try again.
In any case thank you XLI for putting the time and work into it.