Finding the right expert...

This looks really good. Up on demo... let's see what happens.
Found the thread. Interesting stuff
https://soehoe.id/monkeypips-with-se...erminal.t6874/
Evidently the tester gives great results but the trades are so fast that a real broker cannot accommodate properly and so the ea loses.
that was the same case with sweet scalper..
It's on demo but don't expect it to show a profit.

Looks like the original name of the ea is monkey pips. Soe hoe... ea
the coder is very friendly and was working with a group of people on a forum.
The ea is too high frequency to actually be successful for a little guy traders with a pc.
Evidently he sold a bunch of licenses for it and then lost all his own money and theirs trying to set the thing up.
It took a trade this morning and I see what happens.
It was a millisecond trade with a micro micro profit. But the commission was huge for the ECN.
Of course this is not taken into consideration in the tester.
Will fiddle a bit with optimizer... and different time frames.
But if the coder gave up bankrupt and in despair....
Successful trading isn't so easy. Anyone who tells you it is full of shyte...

Back to dragon expert.
Am going to try keeping it open for 1 hour only. the slowest time... right after US closes.
Trading only with the trend as identified by a double zigzag cross indi that doesn't repaint.
Dragon is a Martingale...

This is the first segment. 1/16/12 to 1/30/12
Showing up trend on the day chart with the zigzag cross
open buys only..
test segment by segment.

next segment

next segment

...

Everything goes along nicely until it doesn't!!!

Jiva,
Thanks for sharing the double zigzag indi. Im new to Forex.

You're welcome. Lots to learn. Good luck.

So that's the idea. Not going to post every segment. Am looking for a crash. It's possible this won't crash. Only open one hour and the slowest hour of the day. Trading with the trend. No guarantee though.

Just noticed. The zigzag doesn't repaint so it puts a trend marker up at the open of a candle. Which means once it puts a marker up it stay there. So that is the candle where the trend can be considered to start. No need to wait for the next candle to see if the marker will stay or not. Once the marker appears it stays.

Hmm this might not be right either. The marker may appear 2 or 3 candles prior. Yeah. the marker appears on the third candle. So this isn't going to help mark the start of a trend very much.

So all this last series of tests is wrong. the tester has it's drawbacks, that's for sure.

Let's see what 3rd generation ma can do.

the same indicator with alert

I was attracted to this indi in looking for something to indicate a trend change quickly. On a dead chart it looks like wow! it nails it every time and doesn't repaint. But the catch is... on a live chart the marker doesn't appear until the third candle has closed... Not what I would call early to spot a trend change!!!