I think your results are good except your risk is a little high I think David will agree that $1000 is too small it should be at least 5000 especially if you are doing the GBP if you read the thread you will see that this ea was tested and made for the euro/usd with .01 lots for $1000 even if you have had some luck. I hate to go on pure luck. Just a little advice.

Thanks for speaking out the truth. I would say its not a little high on the risk. Its god damn freakin way too high!!! With a 1000 dollars account to trade with 10% initial risk on 2 different pair. Margin usage will be as below:

Leverage 1:200
0.10 = $50
0.20 = $100
0.40 = $200
0.80 = $400
Total usage = $750

Bear in mind! This is talking about 1 pair only. What happen if GBPUSD also kick in a trade at the same time?! ^_^ Now, I doubted if market slightly sway 10 pips against you, where will your account be? Show me where is the demo account you traded last week and the week before? Ofcourse, I have no rights to stop you. But I think Aleccoh would be happy if you decided to do that.

Regards

David

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10p3 margin calculation update ver.

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I like the Yeoeleven settings. On the M15 chart there seems to be plenty of opportunities in the Eur/Usd without looking at other currencies which do not perform as well in backtests. In my opinion the sideways market is best enviroment for this EA. It gets into trouble when the price rapidly expands, using up the last progression and as it enters a strong trend against us, there is insufficient retracement to close out positions with a profit. My suggestion is instead of using fixed pips between progressions, have user definable inputs for the number of pips for each progression (up to 10 progressions). For example, instead of the program adding a position every 5 pips after the market moves against our position, it could add the first one in 4 pips, the second one in 5 pips, the third one in 8 pips, the fourth one in 16 pips, and the fifth one in 20 pips (whatever is input). One could still set each pips level to 5 pips if they wanted. What this modification might do is allow it to adapt better to a rapidly expanding market such a when it breaks out of a narrow sideways channel. It would be adding more risk after the market expands, not before it expands. Also the higher progressions would end up closer to the stop loss causing less losses if hit. Many thanks to Davidke20 and to Yeoeleven for sharing his settings.

UJ pair seems a sideways pair.
But I wonder, why it won't work in this ea..

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For me it doesn't seems like an improvement. Here is the EA and backtest. Your Pips setting is your initial PipStep for your 1st trade. When your progression reach 3rd level, you'll open trade at -10pips from your 2nd trade; your 4th level will be 15pips from your 3rd trade; and your 5th level will bet 20pips from your 4th trades, and so on. No furthur support for this version unless you can show me prove that it is profitable in the long run.


Regards

David

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__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
I'm blogging my EA creation journal

Good morning everybody.
David, you are right is too risky. I have made some changes in my setttings: Only level 3 (0.10, 0.20 and 0.40 lots), and Stoploss reduced from 160 to 80, but it seems even so risky. Definitively, I need a 5.000 account, or microlots for my $1.000 account. Here are my results. You can see a large drawdown, that almost lost the amount earned. Next week I'm gonna test microlots on the same account.

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10p3v0.02 is still moving upward.

Untouched since 26th November when the account had a balance of $78 now is standing at $263.02.

Last week's results are posted below. The EA and the set file is untouched and was posted previously.

John

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Thanks for trying this multipipstep version. No joy here either.

Some traders seem to use MACD as a bullish/bearish indicator where above zero is bullish and below zero is bearish. The current version 10points3v.2(which I like) will sell if MACD is above zero and MACD histogram goes from above the triggerline to below the triggerline. Has anyone tried to make a version which, when MACD is above zero, will BUY if the MACD histogram goes from below the triggerline to above the triggerline? This version might be placed on a separate chart to maybe hedge signals against the normal version. (If I'm not mistaken, the program normally would not buy unless MACD is below zero and the MACD histogram rises from below the triggerline to above the triggerline.) Consider the case where price barely causes the MACD to trigger a sell signal on the normal version, but price then decides to go up unexpectedly quickly in a bullish direction. The new version would be buying while, shortly after, the normal version would be selling. If such a new version were profitable on its own, then running both simultaneously might be even more profitable and possibly safer, given they will often be hedging against each other.

I think it might be a mistake though to put both signals in the same program because there would be too many signals in close proximity on a M15 chart. It would end up ignoring alot of signals if the prior signal has a trade still open.

can this EA use for live account? most of it i got, they only allow for demo account.... can i have this EA for latest version, thanks