The Maestro EA Trading system

I came across a very old commercial EA that a friend had given to me long ago, but never ran it for some reason. I pulled it out the other day and did a few back tests on it and was pleasantly surprised. I tried to locate the EA's creater for a PDF instruction for the EA, but it appears they have long since packed it in.

I have started this thread for discussion on how the best way to trade this EA. I am currently running it on demo with Alpari. Started with $5K in the account and running it with 9 pairs. Since there is no setting book or instruction book to assist I have done a little trial and error and come up with my own settings to start with. I have gotten the best back test with EURCHF so far. Enjoy!

I started this demo account at the beginning of the year.

at least enlighten us about the trades' entry/exit/timing,

otherwise how could we go further?

That is the main reason for the thread. Since there is no instruction on the EA anymore, we go forward by experimenting. What I have gathered so far is that the EA looks to take profit via moving average, it sets its trades and takes profit at 30 pips....stop loss is 300 pips cumulative....meaning the pair will keep opening trades looking for its 30 pips...but in the meantime if the draw down on the pair exceeds 300 pips, all the trades will be closed for that pair, and the whole thing starts again. I think this is why it works so well on the EURCHF pair, although I am running it with 9 pairs at the moment to see how it goes.

With that ratio, I would advertise 85% win and sell it on ClickBank!

Sorry, couldn't resist......

Cheers

Might wanna check out this site. Gives non bias reviews on the performance of EAs

http://www.4xproject.com/robot/review/forex-maestro/

can you describe more about this EA ?

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divergence chart signal

We got lucky, a FF member located an old copy of the manual for this EA. Please see attached.

Got it. Will forward test as well.

thx for the EA...

just finish study the EA and I found the method is very simple..

MA - as a entry signal
RVI - as a filter (overbought/oversold)

for the summary:-

Buy - MA cross and RVI oversold
Sell - MA cross and RVI overbought

I will test and report back.

When the EA opens trades, under comment is Firebirdv63D.

??

Running on demo on GBPUSD, so far 6 for 6. I changed the time frame to 15min and the MA to 21, ( more like other system I trade and close to being equal with default settings of 30min and 10 MA). Will test on other pairs and report back.

usdchf 8 for 8 average gain $3
eugbp 10 for 10 average gain $4.78
usdcad 1 for 1 gain $2.90
eurusd 37 for 44, average gain $3
For the 7 that I lost each was -$30, so I have changed the stoploss from 300 to 200 and will report back on how that works out. I have also changed the takeprofit to 50(5 pips from 3 pips)

hey cam........ that's because it is the firebird.....h