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Quote:
Say you are in a position LONG on the EURUSD and you are up 30 pips (with a take profit of 40 and stoploss of 30). Sudden, the conditions of the market change and you start to lose your profits. What Obsolete settings does it check every 30M (or 15 or 60 or whatever you specify) to see if the conditions are still there for you to stay in your long position. If after 30 minutes it says, "Conditions have now changed, you should be in a short position now!" it immediately CLOSES your LONG position wherever you have it (say at this point you are only up now 5 pips) and opens a SHORT position in the opposite direction!!! That way, you do no lose ALL your profits and you don't have to take a stoploss either. Thus, you just made 5 pips on the trade and did not lose 30 that you probably would have. Plus, since you are now trading in the opposite directiion, there is a good chance you can capitalize on changing market rather then just losing money. I hope that helps everyone and if I am wrong, Nich or someone else, please correct. |
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Statements for H1
These are my statements for H1 timeframe:
Besides the SL and TP on the statement, here are the changes to default made: UseObsoleteMethod: True ObsoleteMinutes: 30 Overall pretty good. As you will notice that some currency pairs did better than others and the Non-Farm report really dropped profitability down somewhat (on Friday), but overall profitable. Last edited by holyguy7; 04-08-2006 at 02:30 AM. Reason: Forgot Statements, duh!!! |
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Quote:
and here are the analysis per statement: On Alpari H1 tp 20: Best pairs: CHF/JPY; EUR/USD; NZD/USD; GBP/USD = 547 PIPS Alpari H1 TP 40: Best pairs: EUR/CHF; GBPUSD; NZDUSD; USD/CHF = 616 pips Alpari M15 TP20: Best Pairs: AUD/USD; EUR/JPY; USDJPY = 80 pips Alpari D1 TP 40: Best pairs: USD/CHF; USD/JPY = 140 pips MIG H1 TP 20: Best pairs: AUS/USD; CHF/JPY; EUR/CHF; EUR/USD; GBP/USD; NZD/USD; USD/CHF = 638 pips MIG H1 TP 40: Best pairs: aud/jpy; cad/jpy; eur/usd; gbp/usd; nzd/usd; usd/chf; usd/jpy = 848 pips I use mt4report software to analyse these statements...For future "best pairs" please download the software and use it :P Software can be found at: http://www.forex-tsd.com/13833-post3.html Sada PS: I am cancelling the D1 tests. Last edited by sadaloma; 04-09-2006 at 09:16 PM. |
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Quote:
I thought you were already filthy rich and just hanging around here, coding this cool EAs just for kicks 'cause you have so much time and money in your hands.Tell you what, if one of your EAs passes the acid-forward test, end up in a real account and makes me serious $, I will gladly press the paypal button to anywhere you want...hehehe ![]() Sada |
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LinkBack to this Thread: http://www.forex-tsd.com/post-compare-trades/1581-profit-generator-ea-results.html
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| Posted By | For | Type | Date | |
| Forex broker mt4report - Profit Generator EA results - Forex Trading | This thread | Refback | 01-17-2008 01:28 AM | |
| ea - learn to trade forex swicki - powered by eurekster | This thread | Refback | 11-10-2007 10:21 AM | |
| Control Panel - Powered by Semipixel.com Technology | This thread | Refback | 07-19-2007 05:29 AM | |
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