Help with profitable EA (attached for your own research)

Hello fellow traders, i found this EA (see attach files) in another forum. It is a 1M scalper that uses envelopes extremes for counter-trading, and trailing stops. You can actually find a whole "family" of similar EA's followed by crazy (and suspicious) reports.

Works wonders on tick backtests, and was working very good on demo, but soon later i found this problem:



I suspect it has something to do with the limitations on Stop Loss/current price distance, requotes, lag, etc. I have tested it on two different brokers and they give the same signals and same errors at the same time.

The result is that some trades work as they should, but a few other show errors while modifying the new SL/TP levels, the result in most cases is a runaway (losing) trade. I created a secondary EA to draw and trail a secondary "Stop loss" that closes by market (would not work in a blackout). I would like to hear what experts have to say about it, and if there is a better solution other than closing by market with a secondary EA, thanks.


Also i am not the owned nor i have the source code for the EA, so if you have any distrust DON'T DOWNLOAD.

Bump

i got this EA from other forum, call holy grail EA, many has tried to fix the error but still fail to do so. good luck.

Thank you, still trying.

hiii, u have file mql4 for this ea?

No sorry, and don't even think on using this live as it is, it will blow your account. Right now i created a secondary EA that puts an "emergency" SL (close by market/the same distance the SL was supposed to be) in case the error pops up. Using demo tests for EURUSD 1M, promising results.

Things i have noticed on these past months from testing different scalping EA's:

*) Don't even try to use the "Zero" spread commision brokers, they will kill any high volume/tight TP scheme, use a low spread no commision instead.
*) If an error like the one i showed appears (no SL is put), try to put a secondary fixed SL (another EA), the worst it can happen is being hit, the best that can happen is a runaway win (because no trailing is being used).
*) The edge on scalping techniques comes from the combination of high frequency-compund growth-Hugely favorable risk/reward ratio from runaway wins.

These points are giving me ideas for new systems (a shame i got almost no time to create/test them).