PLEASE FOLLOW THESE DATES FOR BACK TESTING PORPSE ONLY from 2001-08-01 to 2008-03-16
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Yes it will work for those dates. But it fails during the huge trend reversal in Aug-Oct of 2008.
If an EA is to be successful it needs to be able to operate in all market conditions. This one appears to have problems in trends heading South. If you trade without stops and can endure DD as long as you are in the general trend direction all is good. But if the trend reverses and you hold without a stop it can destroy your account. If I am wrong I would be happy to be corrected but this EA will have open trades in DD if you trade without stops and the trend goes short. Many folks lost a lot of money during that reversal.
Over confidence can be a moral hazard.... not to mention a financial one!
THIS EA IS ONLY FOR EUR/USD. IT MIGHT WORK WITH OTHER PAIRS, BUT BOTH VARIABLES AND SETTINGS ARE OPTIMIZED FOR ONLY EUR/USD
Setting for the EA (Only 15 Min or higher)
Chart Eur/USD
SL - False
TS - 18
TP - 30
* I did not manuplated the historical data in in my video. You can use these settings from 2001-08-01 to 2008-03-16, to get the same results.
Why these dates. I'll explain later.
This is BETA V2.0. In my video i think i was running V4.5.
Yes it will work for those dates. But it fails during the huge trend reversal in Aug-Oct of 2008.
If an EA is to be successful it needs to be able to operate in all market conditions. This one appears to have problems in trends heading South. If you trade without stops and can endure DD as long as you are in the general trend direction all is good. But if the trend reverses and you hold without a stop it can destroy your account. If I am wrong I would be happy to be corrected but this EA will have open trades in DD if you trade without stops...
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as i said b4. wait for complete guide if u want to test it other then these days or demo or live test it. this is beta v2.0 and its semi-automated ea. hope this helps. read my prev. post
as i said b4. wait for complete guide if u want to test it other then these days or demo or live test it. this is beta v2.0 and its semi-automated ea. hope this helps. read my prev. post
Ignored
I will wait for the rest of the strategy. My only point was that buying the Euro during that time frame was always a winner trade if you held it. But When the big reversal hit and the Euro bottomed out at 1.25 area.. well a lot of buy strategies lost money and ended in margin calls.
I wold love to know what you would have done to protect the strategy when the Euro fell from it's high of 1.6 down to 1.25 without almost any retracement.
I am not trying to be negative, I just speak from experience, as I blew up an account during that time with a similar strategy. Since then I am very cautious about EAs that work during certain dates but fail during others. You have to have a back up plan for such contingencies and often those back up plans make the strategy less appealing during "normal" times. I will continue monitoring the thread with great interest.
Over confidence can be a moral hazard.... not to mention a financial one!
as i said b4. wait for complete guide if u want to test it other then these days or demo or live test it. this is beta v2.0 and its semi-automated ea. hope this helps. read my prev. post
I will wait for the rest of the strategy. My only point was that buying the Euro during that time frame was always a winner trade if you held it. But When the big reversal hit and the Euro bottomed out at 1.25 area.. well a lot of buy strategies lost money and ended in margin calls.
I wold love to know what you would have done to protect the strategy when the Euro fell from it's high of 1.6 down to 1.25 without almost any retracement.
I am not trying to be negative, I just speak from experience, as I blew up an account during that time with...
I think you have done too much work already. Let me help you to explain about the date between 2001 and 2008.
With a Buy-only no Stop Loss setting, yes it is a 100% success rate system! And it is really profitable and easy to operate.
Thanks for your New year present!
kk007
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I hope I could have been able to predict the big Bullish trend for the next few years when I was at 2001. Otherwise, success will only be guranteed with hindsight! hahahahahhahahahaha.
But if I have this kind of predictive power, I don't need an EA at all to help me to become extremely profitable. hahahahahahahaha
