Hello all,
I've found this EA from another forum here. Written by Firedave, so all the thanks and credits goes to him. Since he gave this EA for free I think I can also share it here so more traders can appreciate his genius mind and hishardwork.
I found this EA is pretty smart and have many features inside it like trailing stop, order management and adjustable MA.
I've been playing with the settings and put it into simple backtest .
The data I used for backtest is from January 01 to April 24, 2010.
I simply put part of the old trusted Cornflower EMA settings to these EA which is:
EMA1: 12
EMA2:24
TP:60
SL:40
Lotsize:0.1 (minimum risk)
Timeframe:H1
All other parameters stays in default.
Backtest with MT4 FxOpen demo account with only USD 100 as starting account.
Here's the result:
EUROGBP:
EUROUSD:
EUROJPY:
I found these result are pretty impressive even with the simplest and safest settings. I know maybe there are other EA have better result out there, but making USD 700 (700%) from USD 100 in 4 months is Very promising result. . Impressive and promising but still stays in achieveable and reasonable range. Perhaps similar result to those of you who trade with the Cornflower MA trading system but always managed to be there in time when a new signal comes around.
I am not done tweaking to minimize the drawdown part. Maybel I will try this EA on Forward testing further in demo account for few months.
I thought I could share with you guys so we can all find the most profitable setting for this EA. You can do it by tweaking the MA Periode, TP/SL number and other parameters inside it.
(Please check the original firedaves's link above to understand what those parameters will do).
But I have 2 problems with this EA:
1. I wished it has time frame lock features inside it so it will not open and close position by mistake when we switch timeframe.
2. Couldn't make it work in 6 digits broker. I have FXpro demo account, but this EA seems didn't work in it, not even can backtesting in it. I wish I could have someone to help me on this. I am no coder or programmer so I am in completely blank page here. Help needed here...
Guys....Please share your settings and result.
Thanks
NiceGuy
I've found this EA from another forum here. Written by Firedave, so all the thanks and credits goes to him. Since he gave this EA for free I think I can also share it here so more traders can appreciate his genius mind and hishardwork.
I found this EA is pretty smart and have many features inside it like trailing stop, order management and adjustable MA.
I've been playing with the settings and put it into simple backtest .
The data I used for backtest is from January 01 to April 24, 2010.
I simply put part of the old trusted Cornflower EMA settings to these EA which is:
EMA1: 12
EMA2:24
TP:60
SL:40
Lotsize:0.1 (minimum risk)
Timeframe:H1
All other parameters stays in default.
Backtest with MT4 FxOpen demo account with only USD 100 as starting account.
Here's the result:
EUROGBP:
EUROUSD:
EUROJPY:
I found these result are pretty impressive even with the simplest and safest settings. I know maybe there are other EA have better result out there, but making USD 700 (700%) from USD 100 in 4 months is Very promising result. . Impressive and promising but still stays in achieveable and reasonable range. Perhaps similar result to those of you who trade with the Cornflower MA trading system but always managed to be there in time when a new signal comes around.
I am not done tweaking to minimize the drawdown part. Maybel I will try this EA on Forward testing further in demo account for few months.
I thought I could share with you guys so we can all find the most profitable setting for this EA. You can do it by tweaking the MA Periode, TP/SL number and other parameters inside it.
(Please check the original firedaves's link above to understand what those parameters will do).
But I have 2 problems with this EA:
1. I wished it has time frame lock features inside it so it will not open and close position by mistake when we switch timeframe.
2. Couldn't make it work in 6 digits broker. I have FXpro demo account, but this EA seems didn't work in it, not even can backtesting in it. I wish I could have someone to help me on this. I am no coder or programmer so I am in completely blank page here. Help needed here...
Guys....Please share your settings and result.
Thanks
NiceGuy
Attached File(s)
universalMACrossEA.mq4
33 KB
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21,445 downloads