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Originally Posted by hksweeper
Hi John,
Firstly, thanks for forward testing different 10point3 series EAs and posting the report, so we can have a better understand of the attitude and limit of those EAs.
Can you please kindly advise if your recommended EA and setting has been changed from the above suggestion? Is it still being used on the m30 time frame?
Your experience and advice are highly appreciated.
Thanks in advance!
Regards,
Geoff
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Just now I am watching RMI and am not happy about the progression just shown. It has increased from 2.0 to 4.0 to .4 to .8 it can return to profitability but will need to return to the original starting price to do it. Martingale EAs usually return to profit with a relatively small retraction and that will not apply in this case. In short I wouldn't trust this EA unless mrtools advises us that is the way it has been programmed and all is well.
My recommended EA is found on this thread on page 18 the original 10points3 Dynamic Stop as modified by tururo. I am still testing this version and during the last week has also shown good results. I have been using MM1 and Risk3 so the results have been profitable but also has the risk been high. Settings are:-
TakeProfit=38.00000000
Lots=0.10000000
InitialStop=1.00000000
TrailingStop=28.00000000
MaxTrades=5
Pips=18
SecureProfit=28
AccountProtection=0
OrderstoProtect=0
ReverseCondition=0
EURUSDPipValue=10.00000000
GBPUSDPipValue=10.00000000
USDCHFPipValue=10.00000000
USDJPYPipValue=9.71500000
StartYear=2005
StartMonth=1
EndYear=2007
EndMonth=12
EndHour=22
EndMinute=30
mm=1
risk=3
AccountisNormal=0
Magic=10201
Can't say that I am happy to see the progression to reach 12.8 but it is a demo account starting at $25000. These are the settings currently in use for my competition with David as mentioned previously on this thread.
All in all whatever settings you use there is the constant fear that MaxTrades will be closed down. If the MaxTrades is too small then it will happen too frequently and if too high may break the account.
There are members currently working out changes that may eliminate that problem. mtaboneweb Matt is working on a reverse during the progression, David is looking at a pyramid version, mrtools is always looking to improve the direction of trading.
Lately I have been only trading EURUSD with higher starting price and avoided the highly volatile GBPUSD my TF for both versions is M30.
Good luck for your trading,
John