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You misunderstand, I have no problems with your modifications, nor am I upset by them in anyway whatsoever.
The suggestion is that it is becoming a different EA to what I had originally intended and yes of course you are welcome to change it how you like.
I just DO NOT want two EA's in the same thread with the same name that are doing two different things?
I still think it would be better for you to rename your version, I cannot take credit for it other than for giving you the original idea and mq4 file. Credit for this EA as it stands would need to be shared between Barry Stander and myself as he did the coding, I just gave him the concept and did the bug testing on the entry system.
Do not be cross, I am not and as I said, if your EA turns out to be a good one, then why should I get the credit.
Relax my friend, there is far to much agro in this world for you and I to become enemies over a stupid misunderstanding.
For Live account, I closed all trades the night before the big news. For demo account, I leave it open and add few more currency pairs so I can watch how it react to the news in different pairs. When the news starts to move the price, it is the best moment to measure an EA how intelligent it can be.
take 400$ profit manually this moring from EUR/USD ( reach 9Th TRADE , a little risky)
Well, if you compare to other EA, such as V1+V2, Blessing and 10point3 EAs that use Martingale method, Bliksem is much saver. It identifies trend and places entry when the trend retraces. Based on the default setting trading on a mini account, $255 will be your max loss. You can close all your opening trades and turn the EA off before the big news. That way you secure your profit.
Hi everybody!
This version resolve your problems. Fixed bugs, except messages on errors of closing LIMIT orders. May be change order of SL? Let's think together. Unfortunately, I've not much free time for intensive working for this EA.
Excellent strategy. Entry is fine, but exit is subject to hard thinking. And reverse of trend...
Regards.
Yes, it's an excellent strategy. I believe many of you have tested a lot of EA. For those EAs depend on indicators to get entry and exit for a trade, you probably found the entry is not good enough. The exit makes sense but the profit is not quite convinced to use the EA on a live account. I appreciated Wayne to share this excellent strategy and also the EA. This EA works and it's manageable if you pay a little attention to close the trade and secure your profit.
BTW, Gling contributed some new features to this EA, which are nice additions. I will be delighted to see a new thread if Gling decides to create a new one. The point is not to compare which EA is better, but to separate the new feature based on the same concept in this EA. We are the users of this EA. Begger could not be chooser. What we can do is to help programmer test the EA and share experience and hopefully the people who joined this thread can work together to create an EA that works well to make money in live account.
As I was looking at the EMAs on all the charts, it occured to me that maybe another rule could be employed for added accuracy. Price must also be in agreement with the EMAs. In other words, if the 13 is above the 55's (buying), price should also be above the 13, and vice-versa. This may prevent taking a trade during a correction or directional change.
I downloaded the Bliksem EA and changed it bit, opened a $1000 demo account with FXDD on 28-01-2008 at 13:54 and start testing live demo. On 01/02/2008 09:52 the stats was:
Gross Profit: 1 425.16
Gross Loss: 458.34
Total Net Profit: 966.82
Profit Factor: 3.11
Expected Payoff: 12.40
Absolute Drawdown: 0.00
Maximal Drawdown: 266.00 (13.65%)
Relative Drawdown: 13.65% (266.00)
Total Trades: 78
Short Positions (won %): 5 (20.00%)
Long Positions (won %): 73 (63.01%)
Profit Trades (% of total): 47 (60.26%)
Loss trades (% of total): 31 (39.74%)
Largest profit trade: 176.00
loss trade: -120.00
Average profit trade: 30.32
loss trade: -14.79
Maximum consecutive wins ($): 14 (513.12)
consecutive losses ($): 8 (-266.00)
Maximal consecutive profit (count): 513.12 (14)
consecutive loss (count): -266.00 (8)
Average consecutive wins: 3
consecutive losses: 2
This is about 96.6% in 4 days.
On 01-02-2008 at 18:09 the stats was:
Gross Profit: 1 681.16
Gross Loss: 987.34
Total Net Profit: 693.82
Profit Factor: 1.70
Expected Payoff: 7.01
Absolute Drawdown: 0.00
Maximal Drawdown: 511.00 (23.85%)
Relative Drawdown: 23.85% (511.00)
Total Trades: 99
Short Positions (won %): 5 (20.00%)
Long Positions (won %): 94 (58.51%)
Profit Trades (% of total): 56 (56.57%)
Loss trades (% of total): 43 (43.43%)
Largest profit trade: 176.00
loss trade: -184.00
Average profit trade: 30.02
loss trade: -22.96
Maximum consecutive wins ($): 14 (513.12)
consecutive losses ($): 10 (-511.00)
Maximal consecutive profit (count): 513.12 (14)
consecutive loss (count): -511.00 (10)
Average consecutive wins: 3
consecutive losses: 3
This is about 69.38%
After this loss I changed the EA to close all trades on Fridays at 14h00 and will continue the testing and post the stats.
Linear Mode
