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DislikedI've added in the last rule of the author's strategy which is to exclude setups where the closing 'wick' or opening 'wick' is below a certain size (updated EA is attached). I've run several thousand tests to ascertain optimum settings for EURUSD on H1, and, while there are 'better' results using larger stops (and hence more risk), I have settled on the following settings as probably being the most optimum: {image} The risk has been reduced from the previous 135 pip stop down to a 50 pip stop. While this is still 10:1, I've seen many other EAs with...Ignored
DislikedSame settings as before, but not using the high frequency mode, and a lot size of 5: {image} {image} I've managed to take the lot size up to 15 lots per 10,000 (on a 500:1 leveraged account) without any problems, and the return was 790%...stupid figures, I know, and I wouldn't suggest anyone trades with that much risk, but it does show what this little EA can achieve.Ignored
DislikedAs mentioned above, I've built a new EA for this strategy that can use money management and trailing stops, and I thought I'd show some early results from this. Normal Mode; $10,000 balance; Fixed lots of 5.0 {image} {image} As you can see, there appears to be a single loss in this version, however this is down to swaps and the trade actually hit TP. Normal Mode; $10,000 balance; Money Management 25% risk per trade (equates to the above settings risk-wise) {image} {image} Normal Mode; $10,000 balance; Money Management 25% risk per trade; Trailing...Ignored
DislikedAs mentioned above, I've built a new EA for this strategy that can use money management and trailing stops, and I thought I'd show some early results from this. Normal Mode; $10,000 balance; Fixed lots of 5.0 {image} {image} As you can see, there appears to be a single loss in this version, however this is down to swaps and the trade actually hit TP. Normal Mode; $10,000 balance; Money Management 25% risk per trade (equates to the above settings risk-wise) {image} {image} Normal Mode; $10,000 balance; Money Management 25% risk per trade; Trailing...Ignored
Disliked{quote} Unbelievable results...thank you very much, Paul ! Though just 118 trades in 4 (?) years, hence we need some other profitable pairs as well for more trades. So I did some quick backtests with your unadjusted settings 5/50 and got the following Profit Factors for last 2 years: AUFJPY 2.8. USDJPY 1.9, NZDCHF 1.8, GBPUSD 1.7, GBPNZD 1.7, CADJPY 1.6 and EURJPY 1.5. Very probably the settings need to get adjusted/ADR-based in order to achieve similar results with other pairs too. Stay tuned, jdvaIgnored
DislikedAs mentioned above, I've built a new EA for this strategy that can use money management and trailing stops, and I thought I'd show some early results from this. Normal Mode; $10,000 balance; Fixed lots of 5.0 {image} {image} As you can see, there appears to be a single loss in this version, however this is down to swaps and the trade actually hit TP. Normal Mode; $10,000 balance; Money Management 25% risk per trade (equates to the above settings risk-wise) {image} {image} Normal Mode; $10,000 balance; Money Management 25% risk per trade; Trailing...Ignored
DislikedHere are the preliminary results from the high frequency mode. Due to the volume of orders, break even and trailing stop functionality is restrcited (otherwise the EA simply locks up as it can#t react quick enough with the volume of orders!). HF Mode; $10,000 balance; Fixed Lots 0.02 (equates to 5 lots in Normal mode) {image} {image} HF Mode; $10,000 balance; Money Management 0.1% risk per trade {image} {image} HF Mode; $10,000 balance; Money Management 0.1% risk per trade; Trailing Stop (previous high/low) {image} {image} So that's a return of...Ignored