The pips Catcher

Hi to you all, in this post i want to share a System that i found on the web (http://www.theforexexpert.info) and create my version of it. The concept behind it is a simple daily breakout.

Timeframe: Daily
Pair:EU

How it works. At the end of each day the Ea atached will put a BuyStop Order and a SellStop order 1 pip Below the previous day.

Stop Loss: 2 Pips

Trilling Stop:5 Pips

Take profit: 28 Pips (All values are optimized)

In atached there are The Ea and the settings i use in this backtest, please fell free to comment and to improve the Ea performance.

PS: The diferrence betwenn the 1.01 and virtual order was a small problem i find in this type of trading. Is related to the high flutuations of the market when newns come out. The virtual only alows the Ea to enter the trade if slippage is below a defined value on the settings

Hmm - Stop Loss only 2 pips ? And that's on the daily timeframe ? Its too little - isn't it ?

The both EAs are giving the same error in Strategy Tester.

2014.01.02 00:25:40 TestGenerator: unmatched data error (volume limit 7022 at 2013.12.18 00:00 exceeded)

Yes, i thaught the same, but is seems to give good results. i just tested it before posting.

I am not an MQL4 Expert. I do not know what error is that. But it should be here someone that can help. The only thing i did in the backtest was to put the spread to 1 pip just for backtest efects once the market is close "hollidays"

Good Morning, in atache there is the backtest for the year 2012 and 2011. It looks good. Can any one else backtest in another broker please.