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Here is the latest Demo results using a trading window of 2005-2155 gmt.
This equates to 1% risk if using MM.
The eurgbp TP should really be reduced to 1/2 the other pairs since the pip value is double and it also has a smaller avg. trading range.
This is for 7 trading days @ 1hr. 50 min. a day.
I have been testing a larger trading window but the results are mixed and sometimes there are big news events in the US that can be a problem in the late afternoon. Things seem to settle out after 4 pm est so I am going back to this trading window in my live account after my current trades close out.
__________________ The M5G Cyborg EA - Target of 1-3% per Trading Day!
I have been testing M5 Cyborg EA since May 12. The broker is Alpari UK, the tested pairs are EURCHF, EURGBP, EURUSD, GBPUSD, USDCHF and USDJPY.
First I used default settings then I decreased the stop loss to 55 pips because I found the risk/reward ratio unfavourable.
The EA worked perfectly so far. The only loosing trade was made manually by me when I had to go away so shut my computer down and because of this I closed the order. If I had left it run, it would have reached TP.
I continue the testing since it is a well designed EA that has good potential.
I have been testing Cyborg for a couple of weeks and the results have been good. Actually I was testing it with one of the TrailStops activated (see attached statement) but as of this coming week I am reverting to its a hard stop. Will post results at the end of the week.
Attached you can find my statement for this week. I had only two GBPUSD trades so far this week (as I stated earlier I have been running the test on six pairs: EURCHF, EURGBP, EURUSD, GBPUSD, USDCHF and USDJPY).
I also attach my set file where from you can check my time window, that is
TradeStart=2204 (Alpari time, that is equal to 8:04 pm GMT)
TradeStop=2354 (Alpari time, that is equal to 9:54 pm GMT)
This narrow time window can cause the less trades. To reach the 1% gain per trading day I probably should widen the time window.
I have a question on Money Management. The test account is an Alpari mini account, so I put AccountIsMini=1 in. My TradeSizePercent=2.0; the Account Equity is 3 280.97, the stop loss is 55 pips. With this settings I think the lotsize should be 0.12 but the EA keeps 0.1 lots from the beginning of the test. How should I set the Money Management for the sake of compounding?
Here are the latest results from my small live account.
I only let the EA run for a couple of days this last week because of the Fed Chairmans speech on Weds. and kept it off because NFP report was coming on Friday. These types of news events make me nervous when trading a 5 min. system. Have a good weekend!
__________________ The M5G Cyborg EA - Target of 1-3% per Trading Day!
I ran demo today using default trading window of 20:05-22:00gmt.
Trading 5 pairs this week of eurgbp, eurchf, gbpusd, eurusd, eurjpy.
I got nailed last week with usdjpy and usdchf after fed Chairmans late afternoon speech and because he is at it again in a few minutes I left them out.
Using Optimist's SL setting of 40 on all pairs except eurgbp (SL 25, TP 5)
Will probably just leave this test demo set as is for the next week or so.
__________________ The M5G Cyborg EA - Target of 1-3% per Trading Day!