Version 2.8
2024.08.19
The strategy research to address recent market conditions has been completed, and we recommend all clients to upgrade to the new version. The new strategy has been integrated into the Intelligent Market Filtering System. We suggest keeping it enabled by default.
Version 2.7
2024.08.06
1. Added “Daily Maximum Drawdown Limit (%)” function, mainly for use by prop firms, not recommended for use as a stop loss.
2. Corrected the impact of the new stop loss strategy on the original strategy.
3. Updated training data.
Version 2.6
2024.07.10
1. Add "Start trading time" function
2. Support obtaining exchange rates for currency pairs with suffixes
3. Add minimum time interval between orders
4. Add close positions based on profit percentage
5. Fix the issue where configuration changes do not take effect immediately
6. Add new stop loss strategies
7. Update training data
This upgrade has adjusted the algorithm and parameters, and we recommend upgrading.
Version 2.5
2024.04.26
1. Correct the issue where the comment is mistakenly modified to the same for order identification.
2. Add adjustment for Trailing Stop Modification Interval Time, suitable for platforms that need to limit the frequency of Trailing Stop modifications, with a default of 0 meaning no restrictions.
3. Add automatic conversion rate retrieval for non-USD accounts, using preset rates when retrieval fails.
4. Change the default lot size mode to CustomRiskMode.
Update training data.
This upgrade does not include any algorithm updates, so existing customers can also skip this version.
Skipping version 2.4 to synchronize with the MT4 version number.
Version 2.3
2024.03.17
1. Based on live trading performance, set Signal 1's configuration as the default setting, which has been validated as excellent in live trading. This makes it more reliable to use.
2. Change the default setting for the order volume mode to MediumRiskMode.
3. The default setting for Intelligent Dynamic Parameters is changed to false.
4. The default setting for Reduce close conditions after long times is changed to true.
5. Optimized the acquisition of market data. There is no longer a need to open additional time frame windows.
6. Updated the training data.
The decrease in backtest profits is due to the reduction in risk values. Changing to RiskMode and Intelligent Dynamic Parameters settings to true will approximately return to the version 2.2 state.
Version 2.2
2024.01.14
1. The default riskmode setting has been changed to InitialCapitalMode. The primary purpose of this change is to allow clients to better observe the profit curve, reinforcing their confidence and understanding of risk. As the lack of compound interest growth in backtesting can significantly reduce profits, users may adjust back to the old riskmode as needed. The backtesting results will be consistent with version 2.1.
2. Correction interval mode.Added new options for Profit priority and Safety priority, which mainly affect the interval between orders. Profit priority maintains the previous interval value and provides the optimal value for overall profit. Safety priority has been re-optimized based on the profit factor, offering the best value for the maximum profit of each order.Safety priority increases the interval between orders to reduce risk.
3. Automatic checking of the trading environment. Data retrieval will switch automatically when there is a lack of weekly data.
4. The default setting for "Reduce close conditions after long times" is now turned off.
5. Removed the "Trailing Stop Modification Interval" parameter.
6. Removed the percentage mode parameter.
7. Added Low Risk Mode, Medium Risk Mode, High Risk Mode, Highest Risk Mode, corresponding to risk values of 0.005, 0.01, 0.02, 0.03 respectively.
There were no algorithm adjustments in this update. The changes were made based on real trading performance, and by altering the parameters, it is possible to revert to the effects of version 2.1.
Version 2.1
2023.12.21
1.Fixed the issue where additional position adjustments were stopped when the lot size was too large.
2.Modified the limitation on the maximum total number of iterations orders.
The Intelligent Market Filtering System feature is mainly designed to deal with potential drawdowns from long-term market trends in the future, but will filter out some trading opportunities. Users can decide for themselves whether to turn it off.
Version 2.0
2023.12.14
Important Update:
1. Fixed some display bugs.
2. Resolved the issue where the moving stop-loss did not trigger after EA restarts or setting changes.
3. Added an option to edit the comment for Correction orders.
4. Introduced a smart filtering system to improve order accuracy and reduce counter-trend orders.（Important）
5. Added intelligent stop-loss, order interval, and moving stop-loss value for GBPUSD, which adjust the parameters based on different market conditions. If this feature is turned off, the previous fixed parameters apply.
6. Added an option for lowering the standard for closing positions during long-term holds.
7. Modified some parameter descriptions.
This algorithm update is significant and may result in different positions compared to the previous version. Please back up the old version yourself if needed.
Currently, the intelligent stop-loss, order intervals, and moving stop-loss values are only adapted for GBPUSD, with other currency pairs to be developed progressively.
I purchased this EA when it was first released, being one of its earliest users. I can say that in my nearly 20 years of forex trading experience, this is the EA I'm most satisfied with. It truly achieves safety and controllability, requiring only simple adjustments to the risk value. Its strategy should be traditional swing trading but not simply buying high and selling low. Many times, it's even more accurate than me, a trader who considers himself experienced, which might be the power of AI that has learned from decades of trading data—it's hard not to be convinced.
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I'm usually the type to make money quietly, but this time I'm speaking up mainly to say a fair word for the author. I've always been very satisfied with this EA's performance. However, some friends may lack sufficient experience and, just because it performs poorly under certain market conditions, they dismiss an EA suitable for long-term trading. This only leads to bad money driving out good. Some may have used it for a relatively short time, even less than a month. They don't realize that Buffett's annual capital growth is on average about 20%, achieved through long-term compound interest, which is exponential growth. This is exactly why I praise this EA. Many people only see the drawdowns, but I see the capabilities of this EA.
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It doesn't scalp during low-liquidity early sessions, nor does it rush in during breakouts to grab the initiative. Experienced traders know these simple rules—why do few people get rich from them, and large funds don't use these strategies? It's simple: because they're too simple. Everyone knows them and trades in the same direction, leading to a lack of counterparties and causing huge slippage. Even though the forex market has daily trading volumes of trillions of dollars, funds are dispersed among various brokers, and more funds circulate between banks. Therefore, relying on these simple rules cannot make you rich. Don't be fooled by backtests showing profits of thousands or tens of thousands of times; when trading large lots in reality, slippage during these times can be significant. I've experienced slippage of several hundred points. In fact, all EAs that aim for profits with large lot sizes and small pip gains cannot avoid slippage. This isn't brokers deliberately causing trouble; it's partly due to slight discrepancies in server data among different brokers.
However, this EA is different. It doesn't need to place orders during these times but even places orders in advance, cleverly staggering orders at different price levels and times, sometimes even in the opposite direction. This makes it possible to trade large funds with large lot sizes, equivalent to pre-positioning of funds. I have to say, the author is certainly experienced.
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Regarding drawdowns, anyone who has done manual trading knows how difficult it is. Few can persist in manual trading for a year without ultimately incurring losses. This is because the market is constantly changing, and many people only trade using recent market patterns, which is not comprehensive. When patterns change, most people will incur losses. Many people become desperate with their own trading and then pin their hopes on EA trading. With the development of AI, I believe this is a trend. Human traders will find it difficult to outperform AI.
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I hope the author can continue to improve this EA and not pay attention to those negative reviews. They don't even know that large funds can use the "Safety First" mode and "Custom Interval" mode, underestimating the effort you've put into your clever design and improvements. A price of $1,000 is too low compared to the opportunity to make big money. Even if it ultimately fails, it's just a normal cost paid for an investment opportunity, small enough to ignore. It's very worthwhile. So, author, please continue to make improvements; you do not lack rational supporters.
However, for friends with larger funds, don't let my views influence your judgment. After all, this is a technology that hasn't been verified over a long period and may fail. Using a smaller risk value and trading slowly is the safest approach. This EA's risk value can be set almost infinitesimally small, achieving near-zero-risk testing.
Said a lot, this might be what is meant by the saying that silent people either do not speak or erupt when they do. I am curious to know to what extent this EA can eventually be improved.
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Update: Some friends mentioned the inconsistency between backtesting and real trading results. This is addressed in the author's FAQ. The reason is quite simple: unless an EA has no changes, any adjustment of parameters or addition of strategies will lead to different backtesting results. In fact, this is proof that the author is genuinely improving the strategy, which is fundamentally different from those EAs that merely eliminate negative trades. The EA's update log shows detailed improvements, and the author meticulously records and honestly displays the EA's real trading performance. I wonder if those people truly understand trading. It's rare to see an EA that continues to be seriously improved after being sold, showing that the author cares about everyone's opinions.
However, I'd like to say that this might not be a good thing. Overly concerning yourself with opinions from those less technically proficient than you might hinder your thinking and creativity. Don't expect to create a truly perfect EA that satisfies everyone. You need to realize that no one would be foolish enough to sell a truly near-perfect EA. Investing in an early purchase is a good choice; don't miss the opportunity.