Expert Advisor Strategy

I agree, please someone, thanks.
tradeigel why don't you do it yourself?

Well the following strategy test is strange

Starting acct balance: $10.000 (Daily charts)

1 2007.02.13 00:00 buy 1 2.00 157.97 157.47 0.00 0.00 10000.00
2 2007.02.13 01:20 s/l 1 2.00 157.47 157.47 0.00 -832.09 9167.91
3 2007.02.18 00:00 buy 2 2.00 157.13 156.63 0.00 0.00 9167.91
4 2007.02.27 21:20 s/l 2 2.00 156.63 156.63 0.00 -719.77 8448.14
5 2007.03.22 00:00 buy 3 2.00 157.19 156.69 0.00 0.00 8448.14
6 2007.03.23 10:40 s/l 3 2.00 156.69 156.69 0.00 -819.61 7628.53
7 2007.04.02 00:00 buy 4 2.00 157.18 156.68 0.00 0.00 7628.53
8 2007.04.30 23:59 close at stop 4 2.00 162.92 156.68 0.00 9901.77 17530.30

It generated from2007.04.02 to 2007.04.30 over 9900 pips. That's rare stuff

ALSO
in H4 here are some incredible profit:

1 2007.04.02 20:00 buy 1 2.00 157.42 156.92 0.00 0.00 10000.00
2 2007.04.30 23:59 close at stop 1 2.00 162.92 156.92 0.00 9502.37 19502.37

In just 1 month.

Tested with strategy tester from 2006.05.01 to 2007.05.01 and here are the results that I find them astonishing:

Tested again with $10K account:

1 2006.05.04 04:00 buy 1 2.00 143.63 143.13 0.00 0.00 10000.00
2 2006.05.05 16:40 s/l 1 2.00 143.13 143.13 0.00 -819.61 9180.39
3 2006.05.09 00:00 sell 2 2.00 141.97 142.47 0.00 0.00 9180.39
4 2006.05.12 04:00 close 2 2.00 141.63 142.47 0.00 449.24 9629.63
5 2006.05.12 04:00 buy 3 2.00 141.63 141.13 0.00 0.00 9629.63
6 2006.05.15 11:40 s/l 3 2.00 141.13 141.13 0.00 -819.61 8810.02
7 2006.05.18 20:00 buy 4 2.00 142.06 141.56 0.00 0.00 8810.02
8 2006.07.10 12:00 close 4 2.00 145.34 141.56 0.00 6094.96 14904.98
9 2006.07.10 12:00 sell 5 3.00 145.34 145.84 0.00 0.00 14904.98
10 2006.07.11 13:30 s/l 5 3.00 145.84 145.84 0.00 -1282.86 13622.12
11 2006.07.12 12:00 buy 6 3.00 146.25 145.75 0.00 0.00 13622.12
12 2006.07.30 23:00 close 6 3.00 146.38 145.75 0.00 661.48 14283.60
13 2006.07.30 23:00 sell 7 3.00 146.38 146.88 0.00 0.00 14283.60
14 2006.08.01 16:40 s/l 7 3.00 146.88 146.88 0.00 -1317.81 12965.79
15 2006.08.02 04:00 buy 8 3.00 146.77 146.27 0.00 0.00 12965.79
16 2006.08.03 05:30 s/l 8 3.00 146.27 146.27 0.00 -1191.97 11773.82
17 2006.08.03 08:00 buy 9 3.00 146.46 145.96 0.00 0.00 11773.82
18 2006.10.06 00:00 close 9 3.00 149.48 145.96 0.00 8736.77 20510.59
19 2006.10.06 00:00 sell 10 5.00 149.48 149.98 0.00 0.00 20510.59
20 2006.10.06 22:20 s/l 10 5.00 149.98 149.98 0.00 -2079.87 18430.72
21 2006.10.09 04:00 buy 11 4.00 149.72 149.22 0.00 0.00 18430.72
22 2006.10.16 09:40 s/l 11 4.00 149.22 149.22 0.00 -1489.45 16941.27
23 2006.10.17 04:00 sell 12 4.00 149.26 149.76 0.00 0.00 16941.27
24 2006.10.19 20:00 close 12 4.00 149.15 149.76 0.00 179.69 17120.96
25 2006.10.19 20:00 buy 13 4.00 149.15 148.65 0.00 0.00 17120.96
26 2007.01.05 08:00 close 13 4.00 154.79 148.65 0.00 20718.73 37839.69
27 2007.01.05 08:00 sell 14 8.00 154.79 155.29 0.00 0.00 37839.69
28 2007.01.09 09:30 s/l 14 8.00 155.29 155.29 0.00 -3514.15 34325.54
29 2007.01.10 00:00 buy 15 7.00 155.14 154.64 0.00 0.00 34325.54
30 2007.01.10 01:40 s/l 15 7.00 154.64 154.64 0.00 -2912.30 31413.24
31 2007.01.11 00:00 buy 16 7.00 154.80 154.30 0.00 0.00 31413.24
32 2007.02.06 04:00 close 16 7.00 155.37 154.30 0.00 4368.34 35781.58
33 2007.02.06 04:00 sell 17 8.00 155.37 155.87 0.00 0.00 35781.58
34 2007.02.06 10:59 s/l 17 8.00 155.87 155.87 0.00 -3327.79 32453.79
35 2007.02.07 20:00 buy 18 7.00 157.14 156.64 0.00 0.00 32453.79
36 2007.02.15 22:30 s/l 18 7.00 156.64 156.64 0.00 -2475.49 29978.30
37 2007.02.16 16:00 sell 19 6.00 156.54 157.04 0.00 0.00 29978.30
38 2007.02.18 23:00 s/l 19 6.00 157.04 157.04 0.00 -2495.84 27482.46
39 2007.02.20 08:00 buy 20 6.00 158.00 157.50 0.00 0.00 27482.46
40 2007.02.21 04:10 s/l 20 6.00 157.50 157.50 0.00 -2458.81 25023.65
41 2007.02.28 04:00 sell 21 6.00 156.60 157.10 0.00 0.00 25023.65
42 2007.03.01 00:40 s/l 21 6.00 157.10 157.10 0.00 -2705.50 22318.15
43 2007.03.08 04:00 buy 22 5.00 153.05 152.55 0.00 0.00 22318.15
44 2007.04.30 23:59 close at stop 22 5.00 162.92 152.55 0.00 42654.61 64972.76

I attached the full report.

good stuff

Ok, I tested from 2006.01.10 to 2007.01.10 and this system worked smooth, from $10K account to over $100K. It's incredible. And ofcourse, it works in Hourly the Best as far as I tested. I wasn't able to test it before 2006.01.10 but random periods chosen from this date gives good profits.

And there is also another thing: it appears to be made for accounts over $10K, because on smaller amounts, let's say $1K accounts won't give you much profit. So you must invest big to receive big. Maybe it needs adjustments to settings. I didn't change anything, I took the EA from this topic and put it to work on tester.

Take a look at the Strategy Tester file yearly for $10K account and for $1K account.

have you guys heard that "everybody is a genius in a bull market". For me there is no need for an ea for a pair like eurjpy.

maybe it sounds negative but it does not strike my logic .... computer science formula in forex? the only money management is set a percentage or how much you are willing to risk?

btw, thank you for sharing.

korn_trader

Sooooooo, how do you explain that Fibonacci works in all time frames and all markets ?

I spent some time running this EA for myself and it does indeed show amazing results - for EURJPY, and for EURJPY only. Here's my concern:

It is not uncommon for a given system to consistently perform better against one pair over another. But when you're evaluating a system you generally look for something that performs as consistently as possible against as many pairs as possible.

I would be much more likely to jump on this bandwagon if I could find a set of pairs on which this EA works. But it seems like EURJPY is the only one. Generally speaking, when a system soars on one pair but tanks against all others, it is a sign that the system was just getting lucky on that single pair.

Remember - any system, no matter how simple or advanced, will perform wonderfully against certain pairs for certain periods of time. You show me any system, and I can find you a pair and a time span during which that system would have performed very well. Finding such a period does not in itself validate the system, it only confirms the fact that any approach can work during the right time.

Everytime I run this ea, metatrader crashes. Does anyone know what the problem is? Any reply would be appreciated.

Ok well, had to do it myself then hehehe.

Here is the image of the report and I will post the results.

This is with $1,000.00 and the settings like the first post.

Results + Graph

I guess I can start using it with confirmation for each signal trade in order to check other things also.

Maybe the author explains what indicators were used for this EA.

Thanks

Im a bit puzzled here. Those of you who are running backtests, how does take profit work in the backtests? In previous posts i was told that there were no built in Take Profit level in the EA. Or is all this handled automatically?

hello,

when i drag the quibster indicator onto the chart, there is just a blank chart, no additional indicator is added

can someone post a screen shot of what it is supposed to look like and help me out ? thanks,

Anthony

Anthony, you don't need to drag the indicator to the chart. As long as the indicator is in the described directory you only need to drag the EA to the chart. If the EA is running ok you should see a smiley face in the top right corner.

Hope this helps

everything is handled automatically.

Hi Ronyn,

yes i have the EA working, but I want to see the indicator, so I get some idea of how the EA works. I just like to be able to see how the EA works, incase I want to close out manually etc,

So can anyone help with the actual indicator showing in Metatrader ?

cheers, Anthony

I've had my EA running since it was posted and no trades.

I know how to run an EA. I've done quite a few.

I have risk set at "2". Could that be why it hasn't opened a trade?

Hi
Thank u for helping us.
I like to inform you that I properly downloaded the files in their appropriate folders and I am sure of this. But when I open the platform and try to paste the EA, I get plftorm eroor and it closes itself. When I paste the indicator, the platform jammed. Would u help me solving this problem. Regards
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Oh I see what you mean. I dont think you can do that, according to post #24 by aqibsherwani this is by design to protect his system.