Finding the right expert...

$61 starting $1161 buy only .01

$123 starting $1222 .01
Short only

$67 starting $1345 .01
long only

$20 starting $1379 .01 sell only

$641 starting $1389 .01 long only

-$172 starting $1709 .01 short only

$575 starting $1537 .01 long only

I think I'll just keep this thread dedicated to researching the dragon expert and start another thread just for litewave.
Fishing ea is out...
Fishing is interesting in that it develops a grid only on price action. If prices move x amount of pips it opens a position in the opposite direction of the move. If it doesn't hit the tp it open another position against the move and looks for the tp in terms of net gain. It can open a zillion positions until the net gain is reached.
It looks for pullbacks and reversals. Goes against a trend to scalp.

Dragon also sets up a grid of sorts by opening a position arbitrarily with y tp. If it doesn't hit the tp then it opens another position in the direction of the first using Martingale sizing. So it looks for break outs in the direction of a trend. Using a trailing stop looking for tp using the net amount.

Both work well in consolidations where the prices are just bouncing around. Fishing ea can be a huge problem in a strong trend reversal. Prices don't usually go down right away and it can easily sell a bottom or buy a top. And keep doing that every time prices pull back.
Dragon using Martingale increases it able to move it tp for net fain so it can be hit without too much trouble. Just make sure to have enough leverage.

But I think I'm going to give Fishing ea a rest and just focus in Litewave and Dragon.
I've been testing Dragon using EURUSD but the coder has anote that it works better on non USD pairs during the Asian session. Less risk.

Download 1 min data from data history and look at EURGBP, AUDJPY, GBPJPY for Dragon..

And spend some time with Litewave and setting it according the trend from the day chart.
Start another thread for Litewave.

Have them both set up on demos this week.

Looks like Finpro is the way to go. Hedging and no Fifo..
Great reviews, super fast execution for scalping...
Easy funding... Instant with Credit Card.
Up to 400:1 leverage.
Opening an MT4 demo today $1000 400:1 to run Dragon. Should be plenty of leverage.
List of brokers under discussion on another forum...
http://forums.babypips.com/forex-bro...cape-cftc.html

bunch of demos forget what the leverage is?
this is an expert... will show leverage amount in experts tab window at bottom of mt4 when trade menu is open...

Testing in segments. Along with trend on the day chart.
This AUDJPY during Asian session only..
+$369 spread set at 2. $1000 .01 1/5/16 to 1/15/16 1:100
oops this is set for open prices only..
Have to redo it with 1 min data from Datahistory.com
A lot of times on the 2 min it doesn't make that much difference, open prices only or every tick.

Will set it for same time period with spread set at 3 just to see what the effect is.

Every tick data for the same time period came in a little higher than open prices only.. should really only use every tick data.
+$482 spread set at 2. $1000 .01 1/5/16 to 1/15/16 Short only 1:100
During the Asia session only..
Now I'll test the same period but with spread set to 3... Not sure if the effect is different in the simulator then it would be in demo or live.
$429 for spread 3..
Now I'll test for 24 hour trading all markets...
+$797 all market with spread 3..
All markets it is...

Sunday, 1 day only...
+$26 buy only...

I have a friend, a mentor in trading, who is very disciplined and has been trading the trend in EURUSD for years very successfully. He just trades this 5sma and 5 lwma cross. But I am seeing it is more lucrative to trade the same cross with an expert that will scalp with the trend.

+$318 short only
1/5 to 1/22 100% return.
$1000 starting 1/5 to 1/22... $2141...
There was period of heavy drawdown... 50%
This is using Martingale but there would be an end to the pain should it run away with itself..
Close all when the moving averages indicate a trend change.
So there could be big loss at some point... What else is new?
But it is not infinite pain. There is a plan for all occasions.
At this point I will take my initial investment out.
The $1000 seed money.
And any profits in the future I will take 50% out each time there is a trend change.
As long as the balance doesn't go below the initial $1000 I can do the 50% withdrawal schedule even if there are losses from time to time. Just not take anything out if there is a loss.
So I'll test the next section following the trend on the day chart starting with $2141 - $1000 = $1141

This is a killer. It's up and running on demo on EURUSD AND EURGBP
$891 So withdraw $446...
Start next section with $1586...

Okay there it is
-$416...
Account balance back to $1120
So start next section with $1120

+$325 Long only
Next section $1120 + 163 = $1283

Another big loss. down to $850 balance.
So that is not going to work.
These setting were optimized for EURUSD..
I'll run an optimization for AUDJPY there are not so many parameters so it shouldn't take too too long.
Hmm that is not going to be possible in the tester unless I just let it run for both long and short at the same time for a high balance and tiny lot sizes. But that won't be a true optimized setting.
If I could somehow just string all the downtrend segments together and all the uptrend segments together and optimize them like that.
I'd have to cut and past in the history data and make a custom file.
Could be done using text editor and the data in text format.
Labor extensive for sure.
Maybe using the time filter setting would prevent the big losses.
Okay let me try that for those two losing sessions.

By avoiding the volatility that can happen in London and New York and just setting this up for Asian markets...
The big loss was avoided.
Now to check the other big loss. 2/22/16 to 2/26/16 I'm not a big fan of optimization.
Sometimes it can be helpful for one or two parameters.