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I haven't had a long time to study every trade but at first glance it appears that it is now working as it should. Unfortunately not profitably. See results for MM 20% and fixed position size.
Backtest starts 01.04.05 as my data only goes back to 16.06.04 and we 'waste' 200 days for the 200sma criteria to start working.
Azmel, I don't know why - but when I backtest with MM = true the setting of 1 for account type works, however when I change to MM = false it doesn't work unless I change the lot size to .1
It would be interesting to add some variables with which optimise such as stop loss, trailing stop etc.
I wonder if OzFx can backtest this version and give us his opinion.
These are actually encouraging results for a "raw" EA.
It is best to make sure it is working exactly as intended before adding the chrome plating. In my experience you will get better results that way!
I got questionable results too, but I was not using a UK broker like ODLsecurities.com as recommended for the timing.
PyeR2, have you been using ODL?
Azmel, how about a comment by the UseFreeMargin to tell us how it relates to Percent of Risk or similar.
Azmel, how about a comment by the UseFreeMargin to tell us how it relates to Percent of Risk or similar.
Big Be
A UseFreeMargin of 100 means you will use all your available free margin to open the trades.
Suppose the current price for GBPUSD is 1.9856 and your account balance (free margin) is $1,985.60. With a leverage of 1:100 of a standard lot price, the biggest lot you can open is 1 lot. Open anything bigger and the broker will tell you "Order ... failed [Not Enough Money]"
Therefore 1 lot is the largest order you can open, thus you are using the whole of your free margin. Since this EA opens 5 trades is one group, thus the size of each trade will be 0.2 lot if you set UseFreeMargin=100.
What you need to becareful is your stoploss. At present the stoploss is locked to 100 pips. So 5 x 0.2 lot x 100 pips x $10 per pip per lot = $1,000. Thus if a group failed and hit stoploss, it will halved your account.
OZFX Saturday is when I first found your system. I traded with it when the market opened on Sunday and traded according to your rules posted. Sunday night I made $608.22 with your system. I also used ODL as you request.
Thanks!!
__________________
Thanx,
Have a Great Day !
Craig Weaver
I am using the most recent ea version from azmel. It opened up the following trade on the us/cad pair. I am using it on odl demo. It opened up the following trade 5 times like it is suppose to. Open Time 2/12 00:01. Open price 1.0024. Stop loss 1.0124. tp 0.9974. Now the tp amounts on the other 4 are different amounts but I will report how this trade does as it progresses. Hopefully the ea opened the trade correctly.
OZFX Saturday is when I first found your system. I traded with it when the market opened on Sunday and traded according to your rules posted. Sunday night I made $608.22 with your system. I also used ODL as you request.
Thanks!!
Hi 4xit&4getit,
Awesome result my friend. Let us know how you go.
These are actually encouraging results for a "raw" EA.
It is best to make sure it is working exactly as intended before adding the chrome plating. In my experience you will get better results that way!
I got questionable results too, but I was not using a UK broker like ODLsecurities.com as recommended for the timing.
PyeR2, have you been using ODL?
Azmel, how about a comment by the UseFreeMargin to tell us how it relates to Percent of Risk or similar.
Big Be
Big Be,
the data used for backtesting is Alpari's which dates back to about June04 and may be downloaded for free. It is important to use a seperate installation of MT4 for backtesting - you can read up on how to do it it properly here How to Achieve 90% Modeling Quality There is also a link to the free data download page.
I don't know which broker I use to backtest. Does one use a broker when backtesting? My demo account is with ODL although I use FXCM for live.
I do not know how to cut and paste a trade from meta trader and paste on this or any forum.
But, I had a long trade signal in the 4h time frame. I had a green signal up from the AC and AO plus the Stoc. both were up on the other side of the AC zero line.
After I placed my trade it retraced a little but all my long signals were all gone. Both AC and AO had turned red pointing down and the Stoc. was also pointing down.
Because this happened so quickly is this a repaint?
Or what is this?
__________________
Thanx,
Have a Great Day !
Craig Weaver
Trade Update - USD/CHF +50
Linear Mode
