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Chaos EA
NewDigital:
I had a good look at his statement for all of Nov/Dec/2005, and disected all the losers, and added the winners up to see what kind of results he came up with trading the GBP/USD only on the 15min charts. He averaged around 18-21 pips/trading day based on 1 lot. Total pips was 3800-4200/month based on trading multiple lots. I cant read code, but it looks like he starts out with a 1000 pip SL then it chnages with markets, but thats way to big for my liking. Out of 16 losing trades in less than 2 months(38 trading days)he had 5 sure losers where you would need a 200-500 pips SL to make any money, and these 5 trades didnt even go into profit, they were all opposite of the trend. The good news is that its a very good EA, he has alot of +5 pip winners, and yet the other 11 losing trades, all went into profit between +7 to + 200 pips. A 70 pips SL would have been plenty, in fact the +200 pip trade had a DD of -67 pips, and there was a -57 pip DD. If it wasnt for those 2 trades the SL could be at 40 pips, but a 70 pip would be more reasonable. I didnt look at all the winners to see what the DD was, but there was 40 trades in the +1 to +10 pip area, and alot of those probably were bigger winners at one point. The bottom line is that this EA can be improved by adjusting the TS, TP, and SL. |
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Hi, i just found the Ea in mq4 version in a website, i havn't found the custom indicator that the ea need, but as i understand that that indicator is a very simple and little code based on the zigzag indicator, maybe a good programmer can create it in 5 minutes.
I attach the EA, bye ![]() P.s. let me know if you find the indicator, i like to test this ea in mt4! |
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