Hi guys, all I have time for at moment is post these revisions I found. I understand this is a favorable ea with some issues and so I will continue with it later. Unfortunately I don’t have any recommendations on this one so you guys will have to discover it all on your own. In fact I barely remember doing this ea.
Description:
EUR/USD 5min scapling or similar
Start with the settings in the set file provided and tweak to your liking.
They return a fair amount for the month of June 2013. I suggest you tweak the settings to your liking on the Strategy Tester before going live.
The only weakness in the EA is when there is a major trend change due to a news release (it handles typical high impact news releases fine).
There are about 20 versions I progressed from to get to this one, I was trying to get an Expert advisor that will turn over small profits steadily and every now and again rip out on trend. I ended up this this and I am not sure if I like it yet.
Test Results:
Symbol | EURUSD (Euro vs US Dollar) | ||||
Period | 5 Minutes (M5) 2013.06.02 21:00 – 2013.06.30 23:55 (2013.06.01 – 2013.07.01) | ||||
Model | Every tick (the most precise method based on all available least timeframes) | ||||
Bars in test | 6777 | Ticks modelled | 719666 | Modelling quality | 90.00% |
Mismatched charts errors | 0 | ||||
Initial deposit | 100.00 | ||||
Total net profit | 356.25 | Gross profit | 648.94 | Gross loss | -292.69 |
Profit factor | 2.22 | Expected payoff | 1.40 | ||
Absolute drawdown | 26.89 | Maximal drawdown | 74.03 (40.73%) | Relative drawdown | 40.73% (74.03) |
Total trades | 254 | Short positions (won %) | 183 (73.77%) | Long positions (won %) | 71 (83.10%) |
Profit trades (% of total) | 194 (76.38%) | Loss trades (% of total) | 60 (23.62%) | ||
Largest | profit trade | 22.26 | loss trade | -19.60 | |
Average | profit trade | 3.35 | loss trade | -4.88 | |
Maximum | consecutive wins (profit in money) | 14 (11.26) | consecutive losses (loss in money) | 2 (-26.23) | |
Maximal | consecutive profit (count of wins) | 76.74 (6) | consecutive loss (count of losses) | -26.23 (2) | |
Average | consecutive wins | 4 | consecutive losses | 1 |