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  #41 (permalink)  
Old 10-27-2007, 09:39 PM
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Quote:
Originally Posted by pmafia View Post
What broker would even support this EA?
Looks amazing, the profits are crazy, but 1000 lot size, and a TP of 2?
I wouldnt mind trying this EA on a live account, if you guys can find a broker...
No MT broker would support these, ECN's would.

But Backtests are completely irrelevent with this type of EA. First the data is computer-generated, so in no way accurately represents real ticks. Second, and more crucially, the Backtester takes no account of lotsize - trade 0.01 or 1000 lots, it all the same to the backtester, they are instantly accepted and filled as valid trades. This does not happen in the real world, irrespective of the huge liquidity that is always being quoted. I have often watched single lots being incrementally filled over the course of several seconds with InteractiveBrokers (who use the base-currency itself, not lots). Now consider this real world scenario with 1000 lots...

I am not suggesting you cannot trade these 'pippers' profitably, all I'm saying is that backtests of these type of EA's are completely worthless!
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  #42 (permalink)  
Old 10-28-2007, 02:35 AM
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What theory does this system even trade on? What conditions trigger a signal? What SL does it use?
Last edited by matrixebiz; 10-28-2007 at 02:37 AM.
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  #43 (permalink)  
Old 10-28-2007, 04:12 AM
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Originally Posted by matrixebiz View Post
What theory does this system even trade on? What conditions trigger a signal? What SL does it use?
It simply waits for the Ask or Bid to jump by a certain number of pips - 3 by default ('shift'). The SL is 'limit', default is 18.
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  #44 (permalink)  
Old 10-28-2007, 05:00 AM
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Originally Posted by omelette View Post
It simply waits for the Ask or Bid to jump by a certain number of pips - 3 by default ('shift'). The SL is 'limit', default is 18.
Ok, thank you. You guys have 'Luck' with this last week?
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  #45 (permalink)  
Old 10-28-2007, 05:12 AM
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Originally Posted by matrixebiz View Post
Ok, thank you. You guys have 'Luck' with this last week?
I left it on UJ for a day and it lost $3000...

Not the Scalpers pair-of-choice but I like to see how things work with this one...
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  #46 (permalink)  
Old 10-28-2007, 07:24 AM
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Last backtest : EUR/CHF

The version is here : Lucky1.2

Backtesting work only on : EUR/USD, EUR/GBP, EUR/CHF

For the number of lots : FXLite support 1000 lots and the scalping.

Michel
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File Type: jpg EURCHF-m5-1999-2007.jpg (81.8 KB, 1500 views)
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  #47 (permalink)  
Old 10-28-2007, 08:57 AM
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Hi dmbsys, where did you found the database from 1999?
could you tell us?
Thanks

Bolla
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  #48 (permalink)  
Old 10-28-2007, 09:01 AM
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Originally Posted by gbolla View Post
Hi dmbsys, where did you found the database from 1999?
could you tell us?
Thanks

Bolla

From my broker : FxLite.... very very slow to download

Michel
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Old 10-28-2007, 09:02 AM
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Originally Posted by gbolla View Post
Hi dmbsys, where did you found the database from 1999?
could you tell us?
Thanks

Bolla
In MetaTrader press F2 on chart and load database for you pair...
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  #50 (permalink)  
Old 10-28-2007, 09:02 AM
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would you like share with us your DB?
Thanks

Bolla
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