IMPORTANT: Keep in mind this may not behave as demonstrated in backtesting.... We are moving from the backtesting phase to forward testing. Sometimes things act different than planned.
The Expert Adviser v1.0 is now stable enough and meets the minimum requirements outlined in post #1 (mainly doesn't loose more than $1,000 in a given month - only tested the past 7 months though).
BACKTESTING RESULTS
Just the figures for now......
$1,928 profit - July 2007
$3,221 profit - August 2007
$306 profit - September 2007
$772 LOSS - October 2007
$3,207 profit - November 2007
$1,204 profit - December 2007
Period July 2007 - January 2008 totals:
Pair: USD/JPY
$8,361 Profit
Results: http://26z.net/forex/10.htm
REMEMBER - this is just v1.0 I know there are a lot of missed trades, premature exits, etc.
The main point is you have something to play with that we can feel fairly safe it won't blow an account or make gross errors in judgment.
v1.1 will have many of these problems corrected and have much better performance and profit.
EA is located on post #1
SETTINGS
NOTE: EA - not for use on GOLD or GBP/JPY till v1.2 (settings are different)
Most things (stop losses, trailing stops, etc. are handled by logic in the EA)
MagicNumber = 304323 MUST BE UNIQUE to this EA (i.e. not the same number as any other EA's you might have running)
== Start Time ==
BeginHour=8 (GMT) (defaults determined through 6 month backtesting)
EndHour=15 (GMT)
GMTOffset=2 (your broker's difference from GMT)
== Main Settings ==
Sensitivity=18 DO NOT ENTER TRADES above & below this number from the 89SMA (buffer zone - false signals)
StopLoss=35 Stop loss from when a signal is triggered before taking out the trade
StopDistance=30 Has several uses, mainly as a trailing stop
autoreverse=true Automatically reverse a trade when it goes outside the +89 & -89 levels (banks of river)
CloseOrdersDaily=false Close all trades at 00:00 each day (not recommended or tested)
== Money Management ==
Lots=1 Lot size for each trade (i.e. 1.0, .01, .1)
MoneyManagement=false Use money management routines
Risk=10 Percent of account balance to risk on a trade
NOTE: You may do like I did, and put the EA immedieatly on a chart. If it thinks the conditions are right it may go directly into a trade (even though they aren't ideal). While testing be aware of this and perhaps start the EA either inside the red lines (+20 & -20) or outside the brown ones (+89 & -89). I'll try to get it to where it doesn't enter immediately on v1.2.
The Expert Adviser v1.0 is now stable enough and meets the minimum requirements outlined in post #1 (mainly doesn't loose more than $1,000 in a given month - only tested the past 7 months though).
BACKTESTING RESULTS
Just the figures for now......
$1,928 profit - July 2007
$3,221 profit - August 2007
$306 profit - September 2007
$772 LOSS - October 2007
$3,207 profit - November 2007
$1,204 profit - December 2007
Period July 2007 - January 2008 totals:
Pair: USD/JPY
$8,361 Profit
Results: http://26z.net/forex/10.htm
REMEMBER - this is just v1.0 I know there are a lot of missed trades, premature exits, etc.
The main point is you have something to play with that we can feel fairly safe it won't blow an account or make gross errors in judgment.
v1.1 will have many of these problems corrected and have much better performance and profit.
EA is located on post #1
SETTINGS
NOTE: EA - not for use on GOLD or GBP/JPY till v1.2 (settings are different)
Most things (stop losses, trailing stops, etc. are handled by logic in the EA)
MagicNumber = 304323 MUST BE UNIQUE to this EA (i.e. not the same number as any other EA's you might have running)
== Start Time ==
BeginHour=8 (GMT) (defaults determined through 6 month backtesting)
EndHour=15 (GMT)
GMTOffset=2 (your broker's difference from GMT)
== Main Settings ==
Sensitivity=18 DO NOT ENTER TRADES above & below this number from the 89SMA (buffer zone - false signals)
StopLoss=35 Stop loss from when a signal is triggered before taking out the trade
StopDistance=30 Has several uses, mainly as a trailing stop
autoreverse=true Automatically reverse a trade when it goes outside the +89 & -89 levels (banks of river)
CloseOrdersDaily=false Close all trades at 00:00 each day (not recommended or tested)
== Money Management ==
Lots=1 Lot size for each trade (i.e. 1.0, .01, .1)
MoneyManagement=false Use money management routines
Risk=10 Percent of account balance to risk on a trade
NOTE: You may do like I did, and put the EA immedieatly on a chart. If it thinks the conditions are right it may go directly into a trade (even though they aren't ideal). While testing be aware of this and perhaps start the EA either inside the red lines (+20 & -20) or outside the brown ones (+89 & -89). I'll try to get it to where it doesn't enter immediately on v1.2.
