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  #21 (permalink)  
Old 08-04-2006, 05:21 PM
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Quote:
Originally Posted by faifarni
Another one of my statements. Account balance has doubled. The only parameter that's different from my other statements is that I set pips to 2.
what is your settings and time frame for this ea ?
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  #22 (permalink)  
Old 08-04-2006, 10:37 PM
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As it stands this is a very risky EA. SL is set to 100 on default!

TP is 10!
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  #23 (permalink)  
Old 08-05-2006, 03:59 AM
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This is the last statement for the week. Account more than doubled.....

Also, my settings....

Nick,
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File Type: txt multilotsettings.txt (439 Bytes, 611 views)
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  #25 (permalink)  
Old 08-06-2006, 12:43 AM
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Quote:
Originally Posted by faifarni
This is the last statement for the week. Account more than doubled.....

Also, my settings....

Nick,
What timeframe?
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  #26 (permalink)  
Old 08-06-2006, 01:09 AM
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Quote:
Originally Posted by forextrades
What timeframe?
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,
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  #27 (permalink)  
Old 08-06-2006, 05:49 AM
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Help Needed
I installed the multi scalper on my metatrader, but it didn't work. I put the meta file in the indicator folder of expert. What am I doing wrong?
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  #28 (permalink)  
Old 08-06-2006, 06:21 AM
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Quote:
Originally Posted by sarama001
I installed the multi scalper on my metatrader, but it didn't work. I put the meta file in the indicator folder of expert. What am I doing wrong?
It needs to be in the Experts folder, not indicator folder.
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  #29 (permalink)  
Old 08-06-2006, 03:44 PM
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Quote:
Originally Posted by faifarni
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,

sound like good idea.

anyone?
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  #30 (permalink)  
Old 08-06-2006, 08:26 PM
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Quote:
Originally Posted by faifarni
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.
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