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Thanks for the help PC Biz I did find the file. What is the difference in the IAPE and the ISEA? One says it is the Professional version. Have you tried both and if so which one do you suggest?
I've only tried the one I posted above. I don't know about the others. Put it on a demo account and post the results for us.
Ok you are right the broker forex swiss is a scam but that didn't mean that the ea is bad.
The broker is known as scam because in live accounts you have a lot of requotes between 15-30 pips, what you didnt have in a demo account.
But on another broker you haven't that....
I will attach the ea to another Broker to prove it.
Regards
Sentaco, If you have an EA that can make the kind of money that you are showing in the links you are providing then why don't you just go on to make your $$$ millions ?? Why waste your time posting useless posts in this and other forums?
I know why - it is because you are using 1 pip, scam mt4 brokers, who will flatter you with dreams of becoming rich with demo money but make you a pauper if you use any real money with them!
The real reason you keep on posting your useless links, and the real way you make money is by getting people to pay 100 Euros (I think) for access to decompiled EAs, which are not even yours. It's a good trick
Hi jsidhu , I expected you to response to my request. I don't understand what you wrote.
First of all I am saying what I am saying because of experience. Trying to code EA's on MT4 and then having slippage and requotes kill you is common with bucketshops and bad brokers. However if you are able to code using an API from a broker that is standardized and recognized in the industry as a leader and looked upon to make good decisions in the future then you can fully trust that they will provide the best service to you when running an EA and you get to play forex against the world market.
Mt4 is not meant for ECN brokers. That means if you are using Mt4 you might as well use a bucketshop or someone who is making money off of the spread. That is if you are a scalper... if you run manual strategies you will be fine. Most of these brokers are required to hedge against you by the contract they have signed with the banks. Now if you are using one of the Mt4 brokers with ECN connections then you may suffer lag because of the extra work involving the ECN bridges like boston technologies where you must pass your Mt4 request to boston servers they then pass the request to the ECN... the extra hop causes FXCM mt4 ecn to suffer big lag and why people complain about it. I think the Rous ECN bridge is actually running on your server (all it is is changing mt4 calls to FIX api calls, and feeding data to mt4 from ECN like currenex) then you may minimize the LAG but still will have some.
Because of the way scalpers are they require a scenario that is always the same ie the Moving averages converge or the STDev is small so you can trust that small changes in price action can be profitable. However other algorithms which do not scalp but have higher profit targets may work on any broker aslong as they are registered and have a good amount of exccess net capital which you can see on CBE every month, which broker is doing good which is doing bad. The problem is entry points and since scalping will easily allow you to SEE these points it is prefered for EA's. The entry points for a non scalping EA can vary so much it is really like throwing a kid in a jungle and expecting him to survive... there is only one tarzan.
Although it is entirely possible to create an non scalping EA with a good ROI per month it is just that much harder because of this variability of entry points that may cause you to get in at the wrong time before a big retracement.
So since you decide to use an EA (most likely a scalper) you must use a broker that has very LOW lag between your server and the order executing server, you must make sure that your funds are safe, and that you stay annonymous since banks sure don't like to get ripped off as they are the major players you are scalping against.
If you want to use an ECN you can use a tested solution like IB which is provides direct ECN connection to major liquidity, or you can use a broker which is hooked up through say currenex or ebs etc but using the FIX api which is the standard of communication for ECN's (all they do is pool the different banks into one big pool, and execute orders based on best price available, or best price that a bank is WILLING to give).
Only problem is Mt4 tester is the best... so hard to create algorithms without proper testing software to back it up.... I wonder if there is a good solution for this coming soon.. .maybe mt5 will offer direct ECN connection through FIX or whatever standard exists at the time.
You might want to contact thecollectivefx.com and get on their waiting list; they are one of the few non bucket shops for MT4 users. I can test it on a demo account at the Collectivefx if you would like.
The instructions for ISEA points you to SigmaForex.com, so that was the first red flag. Apparently this version was written by one of their developers and/or business development folks. I tried it out today, and I was actually surprised that Sigmaforex was still open. They've scammed so many folks I thought they'd be out of business by now.
For this version I opened a demo SigmaForex NDD account with 1:100 leverage. There are only four settings on this version. I changed the TradeVolume to 45. Everything else is preloaded. 1M charts for the EUR/CHF and EUR/GBP. I'm finding that it works for the EUR/USD as well. This chart is from one day's trades, actually just a few hours. Check the trade times.
I'm not a coder; the only thing I changed in the MQ4 was the expiration date. If there are any other EAs out there based on ISEA that will work with reputable brokers I'd love to hear about them. Check out the code and see if you can do anything with it.
Just developed new EA. Backtesting is sooo slow due to complexity of it. I just finished backtesting it from january 2005 to december 2007. The ea still need some tweaking here and there.
Linear Mode
