The way I see this...

The logic bottomline for trading the 1/-1 method of this EA is that it waits to capture a trend...price must go in one direction long enough to get the trade weighted and take it out...

Actually a choppy market is not necessarily dangerous unless it triggers enough levels to get maxed out. You can simply go sideways for an extended period of time with this EA...but again the key here is if it hits it's spread in the alternation of the trades.

cuda...is this a correct analysis?

ES

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Sorry for my bad english

I try this system in demo-account.
Deposit $500
Lose my money at one day
May be I wrong setup EA?

with 500 initial equity you need to use Lots of 0.02 not 0.1 (I am using 0.1 on 2K) Also play both long and short at the same time. Use 1 for long and on the other chart use "-1" in the inputs for starting direction. Don't forget to change the magic number on one of the two charts.

just play the Long and the Short EUR/USD for now

ES

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When does it decide to take profit? What does ProfitTarget=1 actualy mean?

Thanx! Trying in next week

That is how many dollars you want it to exit all of its orders with FOR THAT CHART...not global...you can read the text up in the left corner to see when your getting close...if you have AutoRestart set to "true" you will re-enter and start the tradesize progression again.

When you reach this ProfitTarget exit if you have bigger lots and you have been in the trade a long time....the profit may be larger than one dollar as the float increment jumps around with larger increments. So anything over or exactly one dollar will trigger the charts global exit...

I hope this helps and I noticed that cuda did not answer your post for a long time...so I tried...I am not the creator or the spokesman here..just want to try and help...I also may be wrong...it is better to have cuda post.

ES

P.S. This may not seem like a lot of money to you...but there are many trades! and 1% per day is achievable within 12 hours of automation. If you use the correct lotsize... your drawdown in the long and short in the same instrument works nicely.

P.P.S. do not turn the platform off or reboot, unless your flat!

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Folks all EA's do not work and none of them are consistently profitable!...this EA is not any different...there will come a day when it maxs out it's trade-entries and does not give you the paultry exit your looking for. It has a "high trade progression winrate" and may seem fantastic to you....but it will "find" that one day that your maxloss will trigger....will you have banked enough 1% per day profits to cover that event? I do not know!....... are you feeling Lucky? (said in Clint Eastwoods voice)

ES

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soooooo Gamblers...

Here is what I am testing at the moment (I have started and stopped many demo's thus far to find my tolerance).

Two 2K IBFX Demo platforms with 400:1...two charts in each platform long and short (EUR/USD, GBP/JPY).

Here are the inputs for each:

MT4 Platform #1 (EUR/USD)

chart #1 (StartingDirection = long or "1")

Lots: 0.05
Spread: 5 (default)
GrowthFactor: 2 (default)
ProfitTarget: 1.0
MaxLoss: 1000 (adust to 50% of banked balance) Late Edit
StartingDirection: 1 (default)
StopLoss: 1000
MaxTrades: 10 Late Edit
Slippage: 3 (default)
Autorestart: true (default)
MagicNumber 123457
Comments: Comment (write here a note to yourself, shows up on the chart)

chart #2 (StartingDirection = short or "-1")

Lots: 0.05
Spread: 5 (default)
GrowthFactor: 2 (default)
ProfitTarget: 1.0
MaxLoss: 1000 (adjust to 50% of banked balance) Late Edit
StartingDirection: -1
StopLoss: 1000
MaxTrades: 10 Late Edit
Slippage: 3 (default)
Autorestart: true (default)
MagicNumber 123456 (default)
Comments: Comment (write here a note to yourself, shows up on the chart)





MT4 Platform #2 (GBP/JPY)

chart #1 (StartingDirection = long or "1")

Lots: 0.01
Spread: 25 Late Edit
GrowthFactor: 2 (default)
ProfitTarget: 0.7 Late Edit
MaxLoss: 1000
StartingDirection: 1 (default)
StopLoss: 1000
MaxTrades: 14 Late Edit
Slippage: 3 (default)
Autorestart: true (default)
MagicNumber 123457
Comments: Comment (write here a note to yourself, shows up on the chart)

chart #2 (StartingDirection = short or "-1")

Lots: 0.01
Spread: 25 Late Edit
GrowthFactor: 2 (default)
ProfitTarget: 0.7 Late Edit
MaxLoss: 1000
StartingDirection: -1
StopLoss: 1000
MaxTrades: 14 Late Edit
Slippage: 3 (default)
Autorestart: true (default)
MagicNumber 123456 (default)
Comments: Comment (write here a note to yourself, shows up on the chart)

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EA looks interesting, I put it to quasi test on some obscure settings, lets see what it does...

So far its has been 6 hrs and I have made $4.54 demo-cents... hehe on 4k. but this is the slow time...I just left the AutoRestart "true" and went to the gym and ran some errands....

Update 15Hrs = $25.01
Update 17Hrs = $78.98

ES

Late Edit: GBP/JPY blew up and the 50% maxloss kicked in..,EUR/USD is the only pair I can trade this on it seems. I will continue to run the EUR/USD to see how long it will last before blowing up!

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