How EAs works and why it is 'equity positive' - MQL4 and MetaTrader 4

Bob Davids 2012.11.06 12:35 #4781

ND,

The VQ35 has a global protection I included, it will close some loss trade in the first place, and therefore left some profitable trades running on positive equity It's a bug in coding, actually I accidentally messed up the system(auto closing trade) to found out this is a very good semi auto trading machine. Therefore I shared it for good. However, I couldn't give the best performed settings anymore as I loss most of my datasheet sometimes ago when I crashed my hard drive. I have currently left a few EA that has a potential, but NOT in use since they're outdated.

Cheers

RB26DETT-Skyline GTR money protection Ring

Sergey Golubev 2012.11.06 14:56 #4782

Hi davidke20,

This VQ35 is good one but I selected 500 dollar deposit to trade it with many pairs.

And it is very good that most of the pairs are profitable, and no any margin call, no any big drawdown.

This is slowly going positive (equity) EA with low floating drawdown.

So we need some months to understand about how to improve and so on.

But most profitable pair for now is EURGBP as far as I see it.

Electra EA ** Released Discussion Mandarine EAs mods

Sergey Golubev 2012.11.06 15:08 #4783

Why I am talking about small drawdown?

because deposit is 500 dollars and based lot size is 0.4 with normal (do not remember which one but normal) leverage.

and small drawdown!

If this EA can be improved to trade in more often way so it will be very good.

I understand that it will increase the risk in general ... but there are "some rooms" for improvent on this way (to trade more often) - trading by 500 dollar deposit by lot size = 0.4 with very small drawdown - it is very good EA.

Well ... let's drawdown will be more higher but EA will trade more often then.

Alpha9 EA *** Released Discussion Electra EA ** Released

Bob Davids 2012.11.06 16:25 #4784

newdigital:
Well ... let's drawdown will be more higher

but EA will trade more often then.

Highly unlikely. Those indicators used in the EA needed tremendous amount of LONG TERM TREND CHANGE in order to trigger a small position.

1) Quite accurate on long term trend, but increase the profitability on cost averaging system.

2) Velocity attained. If its a short term uptrend, the spike is huge enough to trigger the EA, then the trade most probably is going to close profitably.

3) Even the spike does not bring profit to the initial trade, but later the retracement might actually trigger more trades with bigger lot size that ultimately make the METHOD profitable.

Why is it so profitable on EURGBP? Because the pair movement is very slow. When there is a spike, normally that is the direction of where the trend will continue. And therefore the trades are profitable with extremely low drawdown.

You know, I know, martingale type of cost averaging system is unreliable over the long run. In order to have more trades/fast turnover/benefit the broker is unavoidable, but the real killer will be the spread killing the profit. We're talking about a scalping system that closes 10~20 trades at the same time when overall equity is profit! So, it really boil down to how you want to take it and what is your appetite.

- Big lot, less trades, very profitable and easier to hit margin call

- Big lot, more trades.... kinda reminds me we once had a race with yeoeleven when I did V12 mod 2000% a month then margin call. How I wish those were real money

- Small lot, more trades, less profitable and harder to hit margin call(still can hit)

- Small lot, less trades, not quite profitable, even harder to hit margin call(sooner or later)

Hotpip Forex How is your experiences So EAs are just

Sergey Golubev 2012.11.06 19:01 #4785

10points_3_Smi_1.01 EA,

Martingale settings,

Alpari broker,

2000 dollar initial deposit.

Since 30 of January 2012.

USDJPY only.

It is the image of metatrader chart for right now:

===================

- VQ_35 EA is on this post.

- 10_pts_3_Smi_Rsi EA is on this post. Added the Rsi filter as an on off true or false. Fixed version is on this post.

- 10_points_3_Smi_new EA is on this post. The settings is on this post.

- 10points_3_Smi_Adj_TakeProfit EA is on this post. What this version is doing is using the pips setting, as Ea opens a buy trade, it goes aganist you 20 pips the Ea should open another trade, with a new take profit the original take profit + 20 pips to keep the original take profit,if it still goes aganist the original trade another 20 pips the Ea should open another buy but this time the take profit is same as original but +40 pips and etc.. By default the take profit is 10 pips and lot increase is also default at 1.

-10points_3_Smi_1.01 EA with settings for M1 timeframe, together with indicators is on this post.

- Some explanation about how to setup for different pairs - read this post.

- next version 10points_3_Smi_1.02a EA is on this post: changed out the trailing stop, added a breakeven plus trailing.

- 10points_3_Smi_1.3 EA is on this post. This is version 1.3 smi, the trailing stop and break even are separate also added a lot more safety features.

- non-martingale settings for 2 versions of the EAs with pre-set files and trading results - read this post;

- some other martingale settings for 10points_3_Smi_1.02a EA is on this post.

- 10points_3_Easy EA is on this post. This version is using TDI, heiken ashi and by default 5 period high low ma.

- 10points_3_Easy-1 EA is on this post. This version is using different TDI indicator which seems to be better.

Files:

10points_0611_1.jpg 190 kb

Digital Martingale EA EAs' files Terminator Version 4

Sergey Golubev 2012.11.11 15:19 #4786