Hopefully the EURUSD changes to a nice trend soon, my SMA trend based EA has done little in December with the EU being third from last from around 18 pairs I have running. I may even cut this pair from the group if it doesn't pull its socks up and ...

Forex Tester 3, better then MT4 back testing?

Hi Broketrader I do hope I don't come across as a rude but just offering some experiences I have learned along the way. I have just found EURUSD & USDJPY are very hard to code profitable EA's on. I am sure a few other traders may disagreed with me ...

Forex Tester 3, better then MT4 back testing?

The pro's start with a spread sheet and manually plot a strategy and its exits candle by candle, they don't even code a thing tell they have defined the best entry & exit strategy's for their model. I suggest you open up microsofts Excel and start ...

Forex Tester 3, better then MT4 back testing?

Hi Brokertrader I was looking at your trade explorer and to me its looks promising. You really need to judge it over a year before drawing any final conclusions. The equity curve is a bit up and down but I reckon I may have a clue on that one. ...

Forex Tester 3, better then MT4 back testing?

I do that in some accounts already but one EA has to be dominant and the other EA's just kind of hedge during the Key EA's drawn down periods. I still want 7 accounts in a folio to be able to capture a regular monthly return.

Forex Tester 3, better then MT4 back testing?

That's a Reversal design which will work if you keep the model simple. You probably need to design a good profit exit strategy first before working on the entry signals. That means you need to have an objective why you are opening up so many trades, ...

Forex Tester 3, better then MT4 back testing?

I design two models of EA's. 1.. One that works on trend breakouts. 2.. One that works on Reversal trade setups. The trick is to match them together so one EA is always making nice profits while the other EA is hopefully only in moderate drawn down ...

Forex Tester 3, better then MT4 back testing?

I would defind over curve fitting as having too many external variables on a EA. For example in one of my EA's I am testing it uses four variables. 1.. SMA factor 2.. Gap between trades 3.. Size of secondary trades 4.. Take profit amount. So this EA ...

Forex Tester 3, better then MT4 back testing?

Hi Robots4me Three months would me the minimum period of a testing program because you would need to test it through some Red News events like US interest rises or other major world events. Also this would allow for reasonable sample of that years ...

Forex Tester 3, better then MT4 back testing?

Just remember that the testing stage doesn't really give you vital information that you need to know if the EA is going to work. Demo testing informs you of bugs and provides the real clues into the profitability of a EA. I run them for 3 months in ...

Forex Tester 3, better then MT4 back testing?

This is WDaouFX's thread so lets stick to his / her rules ( look out for my thread mid next year ).

(binned per thread starter's request) Scalping at the 5m

I forgot to say I have build a Reversal EA from a Bollinger Bands strategy system much like you have just described last year. It is my most profitable EA. This strategy should also work well on H1 and H4 but only if you apply multiple trades that ...

(binned per thread starter's request) Scalping at the 5m

Hi WD This looks a lot like the TMA Extreme thread strategy except your’e using a Bollinger band instead of starc bands. Both strategy’s get a similar result. You could get up to 80% strike rate here, good luck.

(binned per thread starter's request) Scalping at the 5m

That is a too simple response to my question. I could think of 6 exit strategy's that could improve this strategy other than a simple exit at a cross back or a stop loss set to say 100 pips. I start my strategy development backwards my looking for ...

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma

I will take a bite, The fact is over 20 - 25% of retail traders actually win so your basic theory is shot down from the start. Next there is only a SMALL risk, not a large risk if you trade Forex with a plan that uses stops or hedging that's build ...

Algo EA - Beat the market trading Gainst the Majority

Why does almost every trader focus on the entry when the Exit is more important ?

AUDUSD/AUDCHF/NZDJPY basket trading using 50 sma and 200 sma

That is a question I haven't yet worked out totally but here is my answer. When you trade manually and make decisions by looking at the last bar and a EMA, you factor in the last or most recent movement before taking the trade. So you are only ...

Free EA - High Flying Trading (HFT) EA is finally here!

The idea about this EA isn't too bad to be honest. I have a EA that trades in a similar way but you need to define the trend in a more clever way. The model works better if you buy on dips in the direction of the SMA with a bigger size and you need ...

Free EA - High Flying Trading (HFT) EA is finally here!

I wouldn’t use EMA’s either, stick to just SMA’s. They test with good profitability, EMA’s don’t.

Using RSI to Gauge Trends

Hi Abhirag Nice curves with your EA. I can't quite read those reports however but it looks good. What was the draw down on those pairs. Cheers

Slow and Steady Expert Advisor