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Bruno, all that I found is the following:
this EA was written by russians as some EA based on Demark. Change the lot size to 0.1. And yes it is much better on day timeframe.
This EA is well-known. I have sent our request about some explanation and weblink to your statement to this russian author of this EA (by e-mail) and I asked for some improvement if any.
But it seems they stoped to develope the Demark EA for MT3 and they are still waiting for the good version of MT4.
Last edited by newdigital; 10-18-2005 at 09:05 AM.
I received the answer from the russian author of the indicator (the EA is based on the indicator). I am not posting the answer here because it is in russian language. But anyway he is the member of our forum as well and may be he will clarify something.
He said that this EA is working well starting from H4 timeframe estimating the entring points and targets. But the reason why he is not suggesting to use this EA right now is the following:
- the profit factor of this EA for D1 depends on the data sources - broker (from the time zones let's say);
- for the D1 this EA is having the very big stop.
To use this EA independently it is necessary to take into account at least H1 timeframe. But EA is not working well on H1 because the indicator (he is author of indicator) is not working well on the timeframe less than H4.
I received the answer from the russian author of the indicator (the EA is based on the indicator). I am not posting the answer here because it is in russian language. But anyway he is the member of our forum as well and may be he will clarify something.
He said that this EA is working well starting from H4 timeframe estimating the entring points and targets. But the reason why he is not suggesting to use this EA right now is the following:
- the profit factor of this EA for D1 depends on the data sources - broker (from the time zones let's say);
- for the D1 this EA is having the very big stop.
To use this EA independently it is necessary to take into account at least H1 timeframe. But EA is not working well on H1 because the indicator (he is author of indicator) is not working well on the timeframe less than H4.
Hi ! Version for MT4 in attachement. It isn't EA - indicator only.
help
DemarkTrendAutoTrader
Linear Mode
