Follow-up from the formula~~ — I have looked at the link and will follow-up with the formula~~ The formula should be calculated as Max investment = edge/odd as defined by Kelly's system How to "correctly" calculate the "edge" and the "odd"?? ...

looking to build aggressive MM strategy

Strange thinking~~ — Hello jkmack, I think your "rule of thumb" calculation is a bit "STRANGE". From your example formula. Say if I aim 20PIPs and the system has proven that it is winning 90% of time, then I should invest 22% of capital. Say ...

looking to build aggressive MM strategy

Hello Zeuzere, If you are happy to use the "previous" value on the 4h bar, you can simply use: double rsi = iRSI(Symbol(),PERIOD_H4,RsiPeriod,PRICE_CLOSE,1); and the rsi number should be the same in all timeframe you put your chart on. (Basically I ...

EA Problem

Hello Mark53, You cannot set Close[0] for backtesting and even use it for live - the reason is very simple - the "0" (current) bar that is calling for is "never" closed. Therefore the EA will call for the "current tick" in live mode and call for ...

EAs and historical data

I don't think NF support micro — Hello willy, I checked your statement that you are using North Finance, however I don't think they support micro lots. That's probably why you got the error. Hope that helps.

Firebird EA - fixed version -

Back testing — The back testing from 01 Jan 2006 to 31 Mar 2006 turns out to be a loser - it will lose around 50% of equity with risking 2% per trade. (or maybe I did something wrong) Therefore I don't think the long term outlook for this ...

Breakout system with JL-Lines

Very interesting system!! — Hello, I think you have a very interesting system so I did a manual back test from Nov till now. It had a winning rate around 64% (do you have similar results or I did something wrong?). However the profit is ...

Breakout system with JL-Lines

If you used the download button in history center, the data is from metaquotes not the IBFX data. Hope that helps.

Flyer! EA - New Thread!

I am also wondering about NF~~ — Hello everyone, It seems to me that we can only see the good side of northfinance and I am also thinking of opening a small accout to try. However when I look at their trading rules #2, there is something I am ...

About North Finance

Hello Al, I voted for $0 but I think the solution 4 is the way to go. Because 1. You already find out the EA/strategy can work well with your broker. 2. You get paid and the user of EA also get paid by winning the market. Hope you a great success.

How much do You Pay for a Winner System

Open a new account!! — Hello, If I were you, I would open another account and transfer 1/3 of the money from the current account to the new one. Then trade the current account with 1% risk and the new one with 3% risk(or even higher risk like ...

Going Crazy

Hello Girlflyer, I think the MT4 has some bugs in their internal calculation. (I am currently trading live in MT3 that gives all the correct I want. However my demo on MT4 from the same rule always gives slightly different trades. The only MT4 EA I ...

Backtesting Discussions - I had a 99.72% success on a strategy.

Thanks silverpike, A very good analysis

Essay: Trading system probability

Which broker u with?? — Hello Efex, Can I ask you a question?? Which broker are you with?? How can you buy/sell 1 lot with $10?? Isn't that minimum of $50 for 200:1 and $25 for 400:1? You have a broker that has 1000:1 leverage?? I will be ...

Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000

Hello mono — Hello mono, I noticed that you have 2 more losses on your original 30-300 testing. Have you tried to "mentally" enter 6 lots trade with 10PIP at that time of stoploss?? I think I looked at the chart, it should be working on both ...

Firebird EA - fixed version -

Hello wackena or skyline, Mono has put up a interesting thought. Maybe we should send a pending sellstop or buystop order that has 30x lot size and aim for 10PIP at the "stoploss" point of the normal order when the normal order was sent. Then kill ...

Firebird EA - fixed version -

Hello Joule360 — Hello Joule360, I suggest that you should read this whole 70 pages thread and think about the whole thing again. As you already identify: Firebird is a counter-trend EA, when you are playing counter-trend, you should think ...

Firebird EA, please test this one, it is one of the greats

Check Firebird thread please! — Hello Shorediver, I suggest you to check the firebird thread. Use Mono's setting and they all posted their results. Hope that helps.

Profitable EA, Fact or Fiction?

EUR/USD and EUR/GBP — Hello Yardie, I forgot to put it up. EUR/USD for 30/300 is 821:58. EUR/GBP is 140:0 (but I won't add EUR/GBP as I said this pair trade only within that 300-400PIP range for last 1 and half year and I didn't take into ...

Firebird EA, please test this one, it is one of the greats

USD/CAD is good! — Hello sm31 and everyone, I have also backtested the USD/CAD after I saw your post. It reaches 95% possibility for the "first" trade win (setting of 30/300). It is indeed the good pair for firebird concept. (win:loss = 632:31 ...

Firebird EA, please test this one, it is one of the greats