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Just an update. I have been running the Mpower ver4.0 EA on a $5000.00 Demo account for three weeks. I have pretty much let it run although I have taken profit on a few trades before the EA closed them out. It has performed quite well. It is at $6704.05 right now with no open trades. That is around 34% in three weeks. It has had some losses but it seems to minimize the amount of the loss quite well. Occasionally it seems to exit a trade prematurely but all in all it has done quite well.
I just updated the EA to version 4.1 tonight and I will keep it going. I currently have the risk setting at 8% but I started at 10% and then changed it to 7% when I saw some of the lot sizes it was opening. I will post my results again in a few weeks. I am not sure about some of the settings and have left most of them at default. As I loaded the new version tonight I did change the entry to Non Lag dot and QQE with no candles wait for confirmation. I am also trading this manually and that seems to be the better entry.
Cheers!
Interesting results with the EA dude. Any chance you can place the *.set file please?
The Wait is used to filter trades that do not have the indicators confirm within that period.
So a wait of 3 candles means that nonlagdot and QQE must confirm the trade within 3 candles of the zigzag signal for the trade to take place. If the confirmation happens in 0, 1 or 2 candles that is also OK. If it happens on the 4th candle the trade is not taken.
If you use a setting of 0 the trade will take place only when nonlagdot and QQE already confirm the trade when the zigzag arrow appears. This might not happen very often and many good trades will be missed.
Robert
Quote:
Originally Posted by McForex
I have a question on that. If you use say 3 candles along with non lag and qqe, do all three situation have to happen at once? For instance, if non lag and qqe are in agreement but only 2 candles are right and then the third candle is wrong but then fourth candle is correct again, would the ea enter that trade or does it have to be 3 candles in a row? I don't know if that make sense but there are times when you don't get three candles in a row but the trend is definitely going in the right direction. Just curious.
Thanks for your time and efforts on this thread. I don't post a lot but I do follow it consistently and I am using the system on a couple of demo accounts with the hope to move it to my live account.
I have volunteered to put up the cash to have the EA produced by Mr Pip. We are working behind the scenes to see what works best. I will spare no expense to put together a top notch EA based on simple yet effective approaches.
The Wait is used to filter trades that do not have the indicators confirm within that period.
So a wait of 3 candles means that nonlagdot and QQE must confirm the trade within 3 candles of the zigzag signal for the trade to take place. If the confirmation happens in 0, 1 or 2 candles that is also OK. If it happens on the 4th candle the trade is not taken.
If you use a setting of 0 the trade will take place only when nonlagdot and QQE already confirm the trade when the zigzag arrow appears. This might not happen very often and many good trades will be missed.
Robert
Robert,
Thanks for the info. I will change it back. My thinking was opposite of that. I wanted it to a bit more aggressive. I will keep everyone posted on how it does.
FX Geezer,
Here is the set file I was using with version 4.0 I am not sure if using it on ver 4.1 will cause a problem. Maybe Robert can let us know on that. But you can at least compare the settings and make any modifications for 4.1. I don't know what changes were made on ver 4.1.
BigBear,
Could you please modify the first post to have a link to the above posts so all indicators and EAs can be accessed from a single post. That way I can always update the post with new versions.
Also upon request I will add the other EA version that follows the original rules to the second post above.
Is there a alert for the nonlagzigzag. What I am looking for is a signal when the nonlagzigzag draws it next leg, Or repaints, or moves. If any one has one or could help out it would be greatfull. Thanks. Jatki24300
weekend
Linear Mode
