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oddevenEA : Based on pure probability :) and luck....
I use my spare time on this weekend to make a "just-for-fun" EA. Here is the idea:
EA will get value of CurTime() function, and if it is odd EA will open long position, and vice versa.
How about the result? Interesting! Please see backtesting result attached below. (Pair: USDJPY TF M5)
Have fun guys!
Attention:This EA is just for fun, don't use this "GAMBLING EA" on your live account
*UPDATE*
Latest Version is OddEven V0.06
__________________
Click! Free $100 monthly (Trade 10 lots needed). Click! Free welcome bonus up to $5000 Click! Download premium forex indicators for free!
Last edited by demam_emas; 10-23-2007 at 04:35 AM.
Reason: update
hehe...a 35 pip SL and a 40 pip TP...then it waits and re-enters on an exit with the TP and SL based on what time it is...lol
This is fun! and what a slap in the face to technical traders...(spread makes random entries like this a negative expectancy however, unless a 51% winrate can be achived.)
ES
P.S. If it trades randomly like this and survives...could you fathom just a 1% edge?....with some additional routine to filter the time...lol...for example if the time says go short then wait for RSI to be below 50...This would be hilarious if it qualified as one of my live EA's. Thank You demmam emas.
Last edited by ElectricSavant; 10-20-2007 at 09:08 PM.
What if the time says go short...ok go short...and if RSI agrees (below 50) double the TP?
This will keep the spirit of this EA and it's random entries and all...but will try to find the edge with the TP value...What do you think?
I simply love this EA (maybe too much.... am I a gambler and not a trader?)
ES
P.S. If you want to add an additional indicator to agree with RSI go for it...or even better add a "bank of indicators" and add 10 pips to the TP for each indicator that agrees with the time entry...he he...could this be the Holy Grail?...hey don't laugh what if it worked?
What if the time says go short...ok go short...and if RSI agrees (below 50) double the TP?
This will keep the spirit of this EA and it random entries and all...but will try to find the edge with the TP value...What do you think?
I simply love this EA (maybe too much.... am I a gambler and not a trader?)
ES
P.S. If you want to add an additional indicator to agree with RSI go for it...or even better add a "bank of indicators" and add 10 pips to the TP for each indicator that agrees with the time entry...he he...could this be the Holy Grail?...hey don't laugh what if it worked?
Hello...
I'm glad that you love this EA and have some fun with it.
I try to add RSI filter here, if RSI above 50, and it is time to trade a long position, then EA will double the LOT traded, and vice versa.
You can see interesting result too... LOL
Maybe I will use VQ as a filter later, or anybody can build it for us?
__________________
Click! Free $100 monthly (Trade 10 lots needed). Click! Free welcome bonus up to $5000 Click! Download premium forex indicators for free!
You have provided a very enjoyable weekend for me...Thank You.
sometimes brilliance is in disguise...a diamond is dull in the ground™
ElectricSavant™
Quote:
Originally Posted by demam_emas
Hello...
I'm glad that you love this EA and have some fun with it.
I try to add RSI filter here, if RSI above 50, and it is time to trade a long position, then EA will double the LOT traded, and vice versa.
You can see interesting result too... LOL
Maybe I will use VQ as a filter later, or anybody can build it for us?
Last edited by ElectricSavant; 10-20-2007 at 06:14 PM.
Can microlots be put in the "Lot" input ? (0.01)...also in the two input fields for MM ...can micros be used there also?
The market is not open and I am loading oddevenEAPlusRSI on eight pairs at IBFX to test on a 1K demo. I will use the ATR of the tested USD/JPY (2000 period of m5) as a base multiplier to adjust the TP's and the SL's with:
Make it a true or false...I am not a fan of martingale...being that this is random...a mathematical progression could be counter productive...time and martingale have no relationship here...
ES
P.S. However a time filter could be useful...shut this thing down just AFTER rollover and turn it on one hour before the London open...and no Friday entries after 10:00 AM (est)
P.P.S. The way I understand this... it is not necessarily stop and reverse...the time determines if it re-enters in the same direction or if it reverses....the filter only doubles in agreement....again if several filters increase this gambling probability or if RSI is enough then we have a good BlackJack system here!!! (shhhh...don't let the dealer kick us out and remember the eye in the sky)
Quote:
Originally Posted by DOMIANDR000
Instead of doubling the lots we could use martingale if loss incurred....
Last edited by ElectricSavant; 10-21-2007 at 05:07 AM.
oddevenEA : Based on pure probability :) and luck....
RSI Added
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Linear Mode
