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Please find updated statements for this EA.
It was some good trades closed so please find updated statements.
One trades was closed today so please find updated statements.
This Ea is based on one indicator only and this ndicator was coded inside the EA. Indicator is similar with digital filter or lwma for example. Indicator and EA was coded by Beluck.
This Ea is not profitable for all the period of time. If you look at the statements https://www.mql5.com/en/forum/174416 so you will understand that
- this EA was very profitable from the beginning of 2006,
- then not very profitable.
- and this EA is very profitable now since July 2007 (see the statements attached).
It is normal case for the EAs using just one ma or digital filter's indicator only.
Since July 2007 this EA did good profit with profit factor 1.10; 1.47; 0.56 and 1.83 and did +1113 pips for all 4 pairs all together.
But please note that this EA is risky: it may be very profitable for half a year but the other half a year - not. because it is based on just one indicator similar with lwma or digital filter.
Please find updated statements for this EA.
Statements updated.
Some good trades were closed.
If we have the time so please look at the images.
It is Mandarine EA, H1 timeframe, same settings, EURUSD.
Performance since January 2006:
So, it is bad EA or good EA?
We can not say it according to the performance since january 2006.
Now look at this image (performance since August 2007):
So, according to the pevious image we can understand that it is very good EA. Profit factor is more than 2. If since August 2007 till now forward testing.
Now look at the forward testing results since January 2006 till March 2007:
Still good, right?
But what happened between the March 2007 and August 2007?
Look at the image: