Non-indicator base EA system, revamped!

In your live account it is already blown out in 12 days.....

Thank you,I will test this ea and have discussion.

could you make it run on 5M TF?

Good question.

It would take a lot of modification.

But why not?!

OK, Here is my contribution

I test the EA for EURUSD pair M15 2014-jun 2015
Initial Balance 1000
Initial lot 0.01
The EA run well but DD 20.77% and profit is quite low, 56$ in 18 months.
When increase the lot to 0.1, the EA droped.

This EA is kind of martingal so it will have big drawdown and will blow out the balance.

With all respect, but supplying numbers this way, your contributing hasn't that much worth - just have a look at the graph!

The "drawdown" is not existing, because you have profit trades in parallel that recover the equity, which is not considered by the tester.
Furthermore u are able to set a shutdowntrigger, closing all trades once a defined loss is reached. a martingale blowout looks different ..

After some recoverytrades, a small martingale is added, that's true - however nothing in comparison to systems based martingale.

The "only" question is, how often the market get's in these extreme conditions, where the shutdown is triggered.
However, i am confident that this strategy is profitbale, as the entry conditions are solid.

My 2 cents.

Edit: you have used a way too old version, by the way. Here's the recent one: http://www.forexfactory.com/showthre...82#post8309082

Here is my defend.

I am taking your feedback that it is possible to blow account but according to 3 year back testing with the right amount of margin, you can surpass at least a few years.

MoveLarge
MoveRecent
coul d you give more fuctions discription about variable above

to many "OrderModify error 130" and "stoplosswheelbarrel:: error modifying order"

Your version is outdated too - try the recent one from this post:

http://www.forexfactory.com/showthre...82#post8309082

Furthermore, it is designed for M15, not H1 as stated in the OP. Dunno if this might be a reason ..

Dear IamgotzaaSorry for my previous post, it is my wrong assessment.I perform Backtest again for pair USDCHF and AUDNZD, the result are quite good.However, the Feb version 20150322 seem not to be as good as its odder version. It does not cut the loss in recorvery mode.I attache some figures and appreciated for your explanation. The V20150322 has not cut the loss, and so many loss order were traded until it drop as shown in the last figure.Anyway, thanks alot for your read EA and expect new version with improvement.