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I don' t know if the EA was on the forum but i'd like to share the myluckyprov04p . I was testing it on a demo account since 10.28 till today. it was making from 3.000 to 50.000. Today morning was 63.000.
alex
Please what's the broker of your test? What's time do you have at parameters "OpenHour" and "CloseHour" ???
I did not follow this discussion sorry ...
But I did many posts during the few years about open price coding.
It means: if commercial seller wants to show good backtesting results so he is using open price to code the EA.
For example, do we have indicators which are repainting because indicators were coded "to see the future bars"?
Almost same case with EAs sometimes.
Repainting indicators: coded to see the future bar (future bar does not exist).
in EA we call it "coded on open bar".
It means: backtesting results can not be valid (same with repainting indicators: backtesting results may "be repainted" during the forward testing).
Sometimes the coders are coding on open bar. There is one coder in MetaQuotes codebase who is coding on open bar only. And he said about it.
Besides, many scalper EAs are working on open bar.
Firebird EA some version was coded on open bar.
MaChannel by Codersguru was coded on high/low of the closed bar.
And so on.
But in those cases we can see the code as mql4 source, we can speak with coder, we can forward test and so on.
In case of commercial EAs: in some cases the seller will not tell the true to us.
There are many statements on this thread traders joking for the EAs coded on open bar and backtested on every tick closed bar.
I did not follow this discussion sorry ...
But I did many posts during the few years about open price coding.
It means: if commercial seller wants to show good backtesting results so he is using open price to code the EA.
For example, do we have indicators which are repainting because indicators were coded "to see the future bars"?
Almost same case with EAs sometimes.
Repainting indicators: coded to see the future bar (future bar does not exist).
in EA we call it "coded on open bar".
It means: backtesting results can not be valid (same with repainting indicators: backtesting results may "be repainted" during the forward testing).
Sometimes the coders are coding on open bar. There is one coder in MetaQuotes codebase who is coding on open bar only. And he said about it.
Besides, many scalper EAs are working on open bar.
Firebird EA some version was coded on open bar.
MaChannel by Codersguru was coded on high/low of the closed bar.
And so on.
But in those cases we can see the code as mql4 source, we can speak with coder, we can forward test and so on.
In case of commercial EAs: in some cases the seller will not tell the true to us.
There are many statements on this thread traders joking for the EAs coded on open bar and backtested on every tick closed bar.
Sorry, I did not follow the discussion ...
Quote:
Originally Posted by dswk
Hi Linuxser, could you please explain why using of 'Open Prices' is a problem to obtain a profitable ea ?
Thanks
ND answer is strong.
He warned me about open prices problem long time ago. I'm trying to remember and I guess it was about some MACD based EA.
On backtest performed extremely well. Then I've tested on real time with disastrous results.
I don' t know if the EA was on the forum but i'd like to share the myluckyprov04p . I was testing it on a demo account since 10.28 till today. it was making from 3.000 to 50.000. Today morning was 63.000.
alex
I found the EA (see attached).
Can someone explain briefly what method it uses?
[after reading past post and found that this EA was deleted many times, Please delete this post]
Last edited by newdigital; 11-19-2008 at 03:46 PM.
Reason: [after reading past post and found that this EA was deleted many times, Please delete this post]
I found the EA (see attached).
Can someone explain briefly what method it uses?
[after reading past post and found that this EA was deleted many times, Please delete this post]
Hi all, actually this coding is open source, this is from the following thread, MyLucky - FXOpen forex forum - forex review - trading methods - education - analytics. And as what i know, this is a good EA that very useful to scalp in EURGBP in TF 5min or 15min(author recommend 15min) with sideway. That is why this EA coded to be open trade after the euro session is closed. Because most of the time after Euro session is closed, scalping will become annoying. So you also should keep in mine that this expert should not put in the trend situation. And i also know from the coder of this EA that we should have good money management and should not been greedy, so we can set our daily profit target. Enjoy this EA, because it can bring you a lot of profit if you understand the strategy of this EA.
My statement.
I don't understand why people hate me???
Bongo
I'm sure if you post the EA MQ4 file all would be forgotten in an instant, after all there is only a couple of trillion dollars to go around, the trouble is alot of people want to have it all now.
IMHO Fair play to you if you have a fantastic EA and I could'nt give a rats ass where it came from be it your imagination or Ebay as long as your happy doing what your doing. then go for gold mate!
Linear Mode
