All,

The capabilities of this EA are great. Many thanks to Enforcer and Montedero for their most recent contributions. I agree with Montedero about drawdown. You must be willing to prove to yourself with backtesting whether or not you want to live with certain drawdowns. Frankly, I believe what Enforcer states. Saying that running 4 pairs with acceptable drawdowns on each pair using this EA will hedge yours trades well and create acceptable profit levels.

I have downloaded v15.1 and updated some of my backtests. I find that running 0 in the ARSI_Trigger gives a more stable approach to backtesting certain periods. I test using extremes (RSI periods and bars each set at 60 first, then 30, then 15). I always backtest with profittrailing on, moneymanagement on, microlots set. From this basis, I've come up with some stable presets for use on various pairs.

Take a look and run with the attached presets on various timeframes for the pairs. I found that backtesting Jan 1 - May 6 2008 to be best. Why? January 1st had huge hits for some pairs. Cross reference those results by backtesting Jan 3 - May 6 2008 and you will see a significant difference in the drawndowns. I am running these sets on demo accounts. My GBPUSD is bringing in an average of $40 alone! I am testing one more set, EURCHF as a set to round out my 4 pairs. I use these pairs because the brokers are charging only 4 pip spreads on EURCHF and GBPUSD. He's charging only 3 pip spreads on USDJPY and EURGBP. So, for what it's worth, I've attached the presets I am using on v15.1.

Attached Files

	eurgbp 1hr.set (1.2 KB, 126 views)
	gbpusd 1hr.set (1.2 KB, 123 views)
	usdjpy 1hr.set (1.2 KB, 101 views)
	eurchf 1hr.set (1.2 KB, 77 views)