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O.K. I don't know if this the normal protocol for this thread,
but these RESULTS could be very informative anyway,
as you can see these are different versions with different TF
These results were on the daily graph. Also, if anyone could help me out...I'm looking to see if we could add an equity stop loss to this ea so that if open equity drops to a specified percentage of total account balance all open positions are closed.
These results were on the daily graph. Also, if anyone could help me out...I'm looking to see if we could add an equity stop loss to this ea so that if open equity drops to a specified percentage of total account balance all open positions are closed.
These results were on the daily graph. Also, if anyone could help me out...I'm looking to see if we could add an equity stop loss to this ea so that if open equity drops to a specified percentage of total account balance all open positions are closed.
Nick,
I just ran a quick backtest of this EA. I know backtesting isn't very accurate in MT4, but I just wanted to see what this thing could generate. I was following the development of this EA on the Yahoo MT group for a while, but forgot about the idea.
Results are very impressive with a 56.49% modeling quality. The results went back to the beginning of this year. The only thing I find strange is that in the last couple thousand trades, account equity has not grown. The balance has been around $750k since the middle of June. You could see the equity curve continue to grow at a steady pace for almost the entire year and then just go flat.
Obviously, an EA like this would require some special money management. The best idea I have heard so far is to pull equity out of the account after it grows a certain percent. For example, once you triple an account, you pull out your original investment. If I turn $5k into $15k, I pull out $5k. I then have $10k in the account. When I turn that $10k into $30k, I pull out $10k. I then have $20k in the account. This would prevent you from losing all of your money.
Linear Mode
