do not suggest using this EA in real
- #84
- Nov 14, 2008 10:12pm Nov 14, 2008 10:12pm
Here is my result for a week running it, maybe less a few hours I started a bit late.
Has banked 822 pips
Currently has a small floating loss of 46 pips at market close.
With that being said I have been monitoring the DD and max floating DD in this time has reached -622 pips at one stage this was when GBPUSD move down about 250 pips before significant retracement and it had orders at the top.
Great EA but yes as others have said, very vulnerable to the strong trend.
I see a few posts here measuring the Ea's performance in terms of win and losses, this does not matter- the EA always overall wins a trading cycle with 10 pips profit, winners and loser ratios do not matter in the end it either gets it's 10 pips per buy or sell session or it will have severe DD and margin call.
So far it has survived and banked pips very well considering overall GBPUSD moved down over 1000 pips this week.
Has banked 822 pips
Currently has a small floating loss of 46 pips at market close.
With that being said I have been monitoring the DD and max floating DD in this time has reached -622 pips at one stage this was when GBPUSD move down about 250 pips before significant retracement and it had orders at the top.
Great EA but yes as others have said, very vulnerable to the strong trend.
I see a few posts here measuring the Ea's performance in terms of win and losses, this does not matter- the EA always overall wins a trading cycle with 10 pips profit, winners and loser ratios do not matter in the end it either gets it's 10 pips per buy or sell session or it will have severe DD and margin call.
So far it has survived and banked pips very well considering overall GBPUSD moved down over 1000 pips this week.
- #99
- Nov 16, 2008 2:02pm Nov 16, 2008 2:02pm
Great Idea, going with the trend... maybe you can develope this as Sterling Challenge 2 My idea of this version would differ slightly though. I'd give it a 10 pip buffer zone. Buy above 55, sell below 45... I'd also think since we're going with the trend, a 10-20 pip SL should work just fine, as eventually it wil turn, and stop you out.. and we should avoid the eventual margin call that akukaya's sytem is prone to. I believe this system would work best in trending markets, and akuyaya's system works better in ranging markets... What do you think?
Say, you don't need a 2nd computer either, all you need is a second Metatrader window, and run it in there... demo first, of course.
My idea of this version would differ slightly though. I'd give it a 10 pip buffer zone. Buy above 55, sell below 45... I'd also think since we're going with the trend, a 10-20 pip SL should work just fine, as eventually it wil turn, and stop you out.. and we should avoid the eventual margin call that akukaya's sytem is prone to. I believe this system would work best in trending markets, and akuyaya's system works better in ranging markets... What do you think?Say, you don't need a 2nd computer either, all you need is a second Metatrader window, and run it in there... demo first, of course.
Given the above picture - I think that settings of RSI 4 and buying at each new candle when RSI above 50 should give nice profits.
Vice versa for short trades.
With the current EA version - can I change it to the above parameters ?
Donīt really know much how to set up EAs, also do not really want one to be my main trading strategy, just would like to let above EA run on 2nd computer on a mini account.