The P.I.D.
I have written a new EA based on unique control signal strategy. The EA is doing well so far in forward testing and is generating good profits. I will commercialise this EA when I am happy with its performance. In the meantime, I would like to invite everyone to forward-test the Demo version attached.
Introduction
The PID is a strategy that analyses the analog signal-noise generated by the forex market using three different signal processing equations. Trade signals are generated by the PID Controller and are managed by the EA. The EA utilise some sort of "quasi-pyramiding/martingale" effect if the market retracts.
Demo Installation
Download and install a copy of Metatrader4 (MT4) from InterbankFX if don't already have one.
Copy "
The PID Demo.ex4" EA to the MT4's
\experts folder.
Copy "
The PID Controller.ex4" indicator to the MT4's
\experts\indicators folder.
Open a demo mini account with a leverage of 1:200 and a minimum deposit of $1,000 ($2,000 is actually recommended to give the EA some room to move). If you are using non-IBFX mini account, then open $10,000 instead.
Open all 19 charts and attach the EA to each chart. Each chart can be of any timeframe but it is best to put them on M30 as it has less noise compared to lower timeframes. You don't need to attach the indicator to the chart as attaching it won't display anything anyway, but the indicator must be present in the
\experts\indicators folder for the EA to work properly.
A typical trade will last from a few hours to a few days, sometime lasting over a week - so give it some time to close its positions and not too worry about the many floating positions.
If you need to shut down the EA, set ShutDown=true and it will close all positions and not open new ones. Closing all open positions will take a few days to complete.
The EA will need to be run 24/7 without interruption. If the EA is prematurely terminated, it won't be able to close its positions as it has zero StopLoss and TakeProfit. Everything is handled internally. If the EA is closed prematurely (for example a computer reboot), simply restart the EA and it will pick up where its left off.
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UPDATE 28th May, 2008: The PID SP4 has been commercialised. Further details can be found on my website:
http://autofx-advisors.com
Thank you all who have participated in forward-testing and beta-testing this EA.
Best regards and wishes,
Azmel Ainul