Brand New EA - Treva.eurusd.ea

Hi All

I feel it is time for me to contribute something that I feel is quite significant back to the forex trading community. I'm a passionate programmer and love forex but am not in love with technical indicators so have been searching for a simple statistical pattern that is profitable on EURUSD without all mumbo jumbo that seems to follow EA's.

Well, here it is....... The TrevA.EURUSD.EA.V1.

What is the system?
It is crazy in it's simplicity. Sell EURUSD in the morning and buy EURUSD in the afternoon. Oh, a little MA thrown in too but that's just to trade with the trend.

The pattern holds up and has worked for the last two years but past performance is no indication of future performance so use this EA at your own risk.

A discussion on this bias is in the Forex Discussion forum. Go here to learn about the pattern and why this EA works.

This is my first EA so forgive the sloppy programming. Also, it has not been tested live but the back tested equity curve looks promising over the last two years and excellent since Sep 1 2007.

Currency: EURUSD (No Other)
Timeframe: Any Timeframe
Timezone: Not sure... perhaps somebody can help here as I'm testing with InterbankFX and your MT broker could have a different server time.
Broker: InterbankFX

Attached is EA equity curve since September 1st 2007, EA for MT4 and .set file for your consideration and testing.

If you make any code changes, please submit them to me and I'll include them in the next release of the EA giving you the credit in the code.

I look forward to your comments, suggestions and improvements.

One more thing, if you do download and use the EA, please contribute your thoughts to this fantastic forum.

Regards
TrevA

treva

can u modify the ea with a trailing stop function in the EA? Set it to 30 pips, SL to move to BE once in 30 pips profit and trail it from there. u get better result by doing this.

thanks
auto

Dear Treva
Can you make this EA with the indicator below,
When DOT blue buy.When DOT red Sell.TS and TP ,lot must include
The EA should work like this . When the next colur appaer the open postion before that must be closed.You can PM me if you have ready the EA.

http://img442.imageshack.us/img442/7813/32233889zz8.jpg

What is :

1) StartHour
2) ReversHour
3) Close Hour

Can you explain this so that i can setup it up following my server time. TQ

Hi Norazlan

I would really like to help by writing an EA for you based on the no lag dot but i don't have the time at the moment as the majority of my time is spent trading.

Perhaps if you start a thread and post your request into the MT forum somebody could help you.

Sorry
Trev

I use InterbankFX as my test server. I suggest you run the EA by setting up a demo account with them.

StartHour - the hour at which the EA opens a short position.
ReverseHour - the hour at which the EA closes the short position and opens a long position
Close Hour - the hour at which the EA closes the long position.

A discussion on the system can be found here: http://www.forexfactory.com/showthread.php?t=64864

I hope this helps you.

Regards,
Trev

Is this that reversal trading scheme you talked about in the other thread?

It didn't do very well in other years, correct? If so, a crap shoot with no underpinning reality for an edge....

-T

LOL, definitely crazy. Thanks for sharing though.

You are right... the other thread talks about the EURUSD bias and asks the qestion: "why does this bias exist?"..... this thread is about the Metatrader EA that exploits the bias and is the mechanism by which it is shared with other traders. Posting the MT EA in the other forum would have caused problems.

The point here is that statistical biases exist, even if for just a short period of time. This bias has existed for the last two years and has become more pronounced in the last 6 months.

Who knows how much longer this bias will continue for.

Any ideas señor Toro?

TrevA

Interesting thing you have going with this EA. Thanks for sharing!

TrevA please contact me via personal message. I have some thing for you to look at. I can't not send you any message. sorry about off topic posting.

I havent tested it, so I can't pass judgement but I still appreciate you taking the time to post this. We need more programmer EAs on here.

Back testing seems okay. Here are my results using 5% risk from Jan 2007-Present day on 4hr time frame. Will be doing fwd test this week. Ea looks okay and I thank you for the hard work you put into it.

Trev I'm trying to run this ea in fxpro but it seems the lots its trying to buy or sell is invalid. Looks like this (sell .798765) I was curious if the ea can be set to lot size only instead of doing it by money management? If so that would fix that issue. Other than that its working really well and thanks for the ea and the hard work you put into it.