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Worst problem of any EA is user itself.
Users usually just grab any version find first and dump into trading without bothering to adjust settings or to run tests/optimization then came to say EA is crap.
Those searching for holly grail, this is not right place.
All you can find here is an EA that have decent results if is set properly, will not double your money once a week and is not bullet proof so it can crash (and it will)your account if is not used right.
With proper usage will bring ~10-15% / month (which is amazing thus considering what ROI you got from a bank for example) and a DD usually not bigger than 15%.
Worst problem of any EA is user itself.
Users usually just grab any version find first and dump into trading without bothering to adjust settings or to run tests/optimization then came to say EA is crap.
Those searching for holly grail, this is not right place.
All you can find here is an EA that have decent results if is set properly, will not double your money once a week and is not bullet proof so it can crash (and it will)your account if is not used right.
With proper usage will bring ~10-15% / month (which is amazing thus considering what ROI you got from a bank for example) and a DD usually not bigger than 15%.
Exactly. Don't just think you can grab this EA and make money. Anyone making money with this EA has put a lot of time into it. Just like any other EA. Well put Enforcer!
I don't think leglac was rubbishing the ea. Expressing ourselves in a language other than our own is difficult - I would find it impossible in any other language than English.
Mind you, I am rapidly coming to the conclusion that an ea is unlikely to work for me unless I can trade successfully in the first place. Doesn't stop me trying them out, mind
Having said that, I know someone who is trialing PipMaker pretty much oob with some success on gu. I am doing the same on eu, also successfully although it is early days.
Thanks for the generosity you show by putting so much work into the ea, Enforcer. Apart from the trading stuff, I am also picking up really useful hints about mql4 programming from reading your source code.
First, is not my EA, I just made some improvements.
It was started a year ago and several people contributed to this.
Current version is 15 but those that do not read or browse this thread use 9-1 because is newest version available on first post
Each EA have good parts and bad parts.
Mai problem of this one is big drawdown, not making profit.
v15 have reduced drawdown ~ 50% and increased profit ~10% compared with previous versions.
About ProfitMode and ProfitSkew, they are pretty much explained inside EA.
ProfitMode have 3 options:
2 = Will close all trades once ProfitTarget is reached.
3= Will close buys once ProfitTarget is reached by buy orders only, same goes for sells.
1= will combine 2 and 3 and will close orders on what situation came first.
ProfitSkew is active only with MoneyManagement=true.
MoneyManagement calculate ProfitTarget and ProfitSkew allow to adjust default ProfitTarget.
Example: if calculated ProfitTarget =2, using ProfitSkew =1.1 will result ProfitTarget =2.2, using ProfitSkew =0.8 will result ProfitTarget =1.6.
I have been testing this for about 2 weeks on a demo. I'm only running gbp/usd. So far the EA has produced 2862 pips. I'd really like to go live with it but, I think I better keep testing for a while longer.
This is a wonderful EA. It backtests very easily and as the name indicates, it takes pips! I tried to backtest with the exact same settings used in your picture 15c. I come out with a little higher drawdown (~68%) but the profits were higher. I figure if you can backtest through the lean months of last summer and run tests to include the really rangy August, October and November 2007 months, this EA will fly on the GBPUSD charts.
I'm currently backtest Profitskew on a risk level of .5 with moneymanagement on. I left Trendspacing at 1000 but slid the ARSI trigger back to .008 and left profit target at 1 then ran with it. It backtested well Aug 2007 through Jan 2008.
Profitskews were stable at 4 although it tested to 4.75. Your profitskews work just as well on the moneymanagement feature as well as the profittarget feature. The base lots were coming back at .03 and the profit target was being set initially at 12 dollars on the profit skew of 4. Results are yielding an average of $1000 per month profit!
Can you give us an explanation of the Adaptive RSI Indicator and what .007 trigger really means to us novices? Also, if iTrend is set at false, does it need to be on the chart?
Also, do you have any suggestions on which settings should be "messed with" with other pairs, i.e.: EURUSD, USDJPY, EURJPY, EURGBP, CHFJPY?
Linear Mode
