EA Profit Sytem - NOT Selling

Thank you for your explanation, betagroup.

I appreciate your effort of taking slippage into account. Do not take me wrong, I know what I am talking about. I am scalping very profitable longterm already and am aware of the potential effect slippage has. My experience gives me a quite solid overview here.

As far as I understand you are trying to consider the slippage amount by simulating a delayed execution. Pretty nice and smart approach in a numerical way. But I do not think this solves the issue, as slippage is not only a product of a "delayed" execution. No matter if you execute market orders or get pending orders filled, slippage mostly is caused by liquidity shortage, where the LPs are not able to give you the requested price ALTHOUGH it is instantly executed.

In consequence this could lead to really horrible deviations you cannot simulate numerically, that is the sad truth. You simply do not have the information of how bad slippage can/will get to implement it in your backtest calculations as a time delay is not doing the job sufficiently. I have seen cases by myself, where the filled price was far away from any quotations. No backtest would have ever considered this. (This it is not a broker issue, I am using six different ECN's to diversify and you can not avoid such executions, especially when trading higher lot sizes)

If I may advise, just skip the forward test and check the live conditions, everything else is more or less a waste of time.

Hi,

I've tested this EA with slippage simulation. It has nothing to do with delay, it simulates a better (positive slippage) or worse (negative slippage) price.
I know it is not standard in the MT4 backtester, but this is "real" slippage simulation. We've made an add-on which can do that, I will show you the entries in the journal log later. I am on my Iphone now.

Two things I can tell as fact:

1. None of us can guarantee that this system will be profitable tomorrow.
2. ​Supporting the developers and applause them for their hard work will increase the chances of having a working and profitable system. We all can benefit from it in the BETA group.
   
   So I am always happy when coder release BETA version for public use and testing, this is something that not every coder out there doing. This allows not only get good idea about a system but also help improve it during its development progress. So I give Betagroup A+++ for this!

Yes I appreciate betagroup hardwork and sharing it with us. I believe all of us hope it works and are trying to think of ways to improve it.

cheers.

Sad to say.. The EA open two trades in usdjpy during live testing today, but when I go to strategy tester , no trades were opened at all.

Meaning that the backtest results are totally unreliable..

You have made two trades and come up with a conclusion that BT isnt match of Live? :/
You didnt even mention what type of tick data you've used, settings, logs, slippage.....

I try demo this EA on pair EU TF 5,lot size 0.03 ,slippage 1 and max spread 20 with broker Exness. but the EA not yet open position . Am i make mistake ? thanks for your information.

can u please tell me how this EA open and close trades ??

I noticed the same. Tried live trading on XM demo, but it didn't open any positions in more than a day.

Maybe you've got ERROR 130?

What kind error? and how to fix this error? thanks for your explanation

This EA works great on a demo account, but on a real account the performance is not good.

That's why we call it BETA.
If you are looking for easy and quick money, this isn't for you, we can't help you at all.

Cheers

As I see it this ea is very broker dependent and even platform dependent, mt4 is pro broker and not pro trader. The slippage and requotes during big moves in the market where the ea open the stop orders, will give wores results live than the backtesting does. Even putting the ea to test on a demo will give different results than live, since the demo is 1-4 times faster in execution.
I recommend STP brokers and not using smaller lots than 10k(0.1), as smaller lots will most most likely not be sent directly to the brokers liquidity provider but instead be handled within the brokers server. Even if the broker say otherwise.

Anyway adding MM to the strategy will give better understanding in backtesting and an option to change the trailing increments of the pending orders and the trailing increments for the stops too. Why not use dynamic trailing instead of static, lagging in big moves. Adding real pivotal points in the calculation will probably give an idea where price will turn during big moves. Why not hedge the open orders with pending orders in the direction of the breakout. Adding newsfilter maybe, less chance of getting requoted if pending orders is delayed during news.

Would be interesting to see this strategy be programmed for ninjaTrader or even cTrader because they are faster and better in many ways.
Dont get my negativity wrong as I think this ea can become something great if it can move with the market and overcome some of the broker issues.

Thomas