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I see you recommend $10K even for a micro lot account. How big is the dd? It must be huge to require that kind of account?
Quote:
Originally Posted by SolomonZhang
What do you think after you read the title of this thread? Have you finally found a holy grail? An EA that is so great with 95% win rate and only 6% drawdown for creating a 339% profit?
Unfortunately... there is no holy grail :P
So am I lying? No. Not really. I'm just doing what other marketers do, which is to "not lying but not telling the truth" about the EA performance to get into your wallet. (don't worry, my EA is free)
In reality my new EA will give you only one of them.
- 339% profit but lower win rate and bigger draw down. or...
- 95% win rate with lower profit and bigger draw down. or...
- low draw down with lower profit and lower win rate.
I understand that each person is unique. That is why I've provided 3 setups for you. You can choose one which is suitable for your psychology and money management.
Ok, so back to the EA:
EA name: Lyly G. Catherine
Cost: free. donation appreciated.
Pair: EUR/USD
TF: takes data from multi TF M30, H1, H4, and D1. Put on M30 chart.
Backtest: provided inside the package
Manual: provided inside the package
Setting: Red (highest win rate), orange (highest profit, recommended), yellow (lowest drawdown)
This EA is still in the beginning of development phase and I believe there are still plenty rooms for improvements. If you have any idea, please don't hasitate to share.
If you are using this EA or you find this EA useful, please donate to support my creativity.
I'm testing the "red" set, which I see has no SL. I hope we don't
have another Steinitz EA, here.
Hi there Rob, thanks for the forward test on the red setting. The red setting has a stop loss. If there is "buy" trigger, then all sell transactions will be close, vice versa. But it's very far. Oh ya, what is your definition of Steinitz EA?
Could somebody else test the orange and yellow setting?
Quote:
Is this a scalper? Daytrading EA or SwingTrading EA? Will it trade mini lots?
depends on your definition. Lyly uses a hard take profit of 26 pips. If you considered that as a scalper EA, then it is. Lyly also performs trades around 1 trade per 2 or 3 days, depending on the trend. If that is considered as SwingTrading EA, then it is. So Lyly won't trade like crazy, however, when she trades, hopefully she is going with the trend.
Yes, it trades with mini lots. And I don't think there will be a problem with micro lot. Please read the manual.
Quote:
I see you recommend $10K even for a micro lot account. How big is the dd? It must be huge to require that kind of account?
$10k with micro is for red setting because the biggest floating pips I've seen with the red setting from 2005 - 2009 is around 885 pips (but it's not closing on minus 885 pips). If that is too large for you, you could try Orange and Yellow setting. I think the Yellow (safest) setting could be run on $1k for mini lot.
I need a little help here. In my three years of trading I have never used or download an EA (only by mistake) However, I am given Solomon the benefit of the doubt in this one.
Anyway, here is a picture of lyly, I just want to be sure is the way the screen suppose to look. This is a demo account. No trigger since 11:00 p.m. Right now, 6:00 p.m Eastern standard time. Is that right?
By the way, I am using the yellow setup.
I am running the red setup. I have the four eurusd charts up on my screen,
each at the recommended time frame(M30, H1, H4, D1.) Lyly
is attached to the M30 chart, only. Indicators are in the indicators
folder.
How does Lyly work with the four chart time frames, when it's only
attached to M30? And, how does Lyly work with the two indicators,
when they are in the folder and not attached to the chart?
Rob
Last edited by ChicagoRob; 02-26-2009 at 04:38 PM.
I need a little help here. In my three years of trading I have never used or download an EA (only by mistake) However, I am given Solomon the benefit of the doubt in this one.
Anyway, here is a picture of lyly, I just want to be sure is the way the screen suppose to look. This is a demo account. No trigger since 11:00 p.m. Right now, 6:00 p.m Eastern standard time. Is that right?
By the way, I am using the yellow setup.
Thanks!
2 things to check:
Expert Advisors enabled - the button at the top should be depressed
Click the smiley face on the chart - select the "Common" tab, "Allow live trading" should be checked
(don't worry, my EA is free)
However, I am given Solomon the benefit of the doubt in this one.
Linear Mode
