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Best way to seriously ponder what this EA is doing exactly is to look at it using a visual backtest. Sit there and spend an hour or two watching how the EA operates in various market conditions.
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It is pipmaker v15 ; with all settings at default values.
I run it with the following pairs : EURUSD, USDJPY, GPBUSD, USDCHF, EURGPB, EURJPY, GPBJPY, AUDUSD, CHFJPY, EURCHF
I am quite impress by the result and the straight line of the equity curve.
On the other side it is quite scarying to see that the open positions are barely in profit; but finally this EA perfectly does what it name says : it makes pips!
I will run this test for a few weeks. To be honnest I am quite concern by the draw down. Even with the MM rules activated; I guess that the draw down can be very painful !
If in one month or two the test is successfuk , i will consider switching to live trading.
What are the brokers wich are known to be fully compatible with pipmaker and mini account ?
I would sugget to you to exclude from your test the EURUSD pair. EURUSD is trending pair and PipMaker on the trending market will loose all money sooner or later.
Lemyx, I`ll explain again: The order must be placed in the direction of the main trend. So
if( i_Trend(60 min)==UP && ARSI(1 min) == DOWN ) then BUY
AND
if( i_Trend(60 min)==DOWN && ARSI(1 min) == UP ) then SELL
The easy way to make it just for test : change iTrendDecision() each other
if (B1_1 > B1_2 && B2_1 > B2_2) {tradeDirection=-1;} // it was =1
if (S1_1 < S1_2 && S2_1 < S2_2) {tradeDirection= 1;} // it was =-1
I mean we are looking for best position in the H1_trend_channel to place our order. The best result we can expect in pairs usualy in trend and we can play with more risk. The test with GBPUSD was not good example. I`ll test next week with other pairs.
erdenmensch, my changes are not a secret, but I have about 10 raw modified versions of PipMaker just for tests. They will be useless for you. Only I know all the mess I have done with the code inside (actualy my friend did it by my order, I`m not programer and he is already hiding from me because I`m eating all his free time. Untill now the only one sure result I`ve got is with the floating ARSI_trigger. The value of ARSI is rising faster than ATR so this is great way to grab the righ impuls of the price. If Enforcer agree with my tests I expect he to add this in the next versions.
I ran some tests and here my results:
First image: your changes.
Second image: Changed just ARSI trigger, unchanged i-trend.
Third image: my results using ATR as trigger.
I'm looking for lowest DD even profit is not big. But doing this on multiple pairs resulting profit is considerable and risk of DD is split, unlikely all pairs will hit max DD at same time.
First image: your changes.
Second image: Changed just ARSI trigger, unchanged i-trend.
Third image: my results using ATR as trigger.
I'm looking for lowest DD even profit is not big. But doing this on multiple pairs resulting profit is considerable and risk of DD is split, unlikely all pairs will hit max DD at same time.
Enforcer, what does it means "Second image: Changed just ARSI trigger, unchanged i-trend"? What changes were made for ARSI trigger?
It mean i-trend was left untouched, as is now.
First test is with non-reversed i-trend (changed according to montedoro's description).
Third test is v15 with only changed ARSI trigger to ATR to work in same TF and same lenght as ARSI.
Hi Enforcer,
Appreciate the work you put in, I se that the third graph has lower dd and lower profit but well worth it. I am wondering if we could double the risk since the dd is so low and make more profit. What is your opinion?
. Untill now the only one sure result I`ve got is with the floating ARSI_trigger. The value of ARSI is rising faster than ATR so this is great way to grab the righ impuls of the price. If Enforcer agree with my tests I expect he to add this in the next versions.
Linear Mode
