Cost Averaging System - page 36

New comment
 
Maji:
Crazy Forex,

I think there are some bugs in v2. Please use the latest versions I had emailed out last week.

Thanks.

Thanx Maji, so i should discard this version 2 and use the latest version Cost_Avg___RSI_w_Trend_4.mq4 . Is this the latest one. and how about Cost_Avg__Common_RSI_v1.mq4 u send me.

anyway i will start forward test Cost_Avg___RSI_w_Trend_4.mq4 , on M1 TF with default setting .

Cheers,

CF

 
crazy_forex:
Thanx Maji, so i should discard this version 2 and use the latest version Cost_Avg___RSI_w_Trend_4.mq4 . Is this the latest one. and how about Cost_Avg__Common_RSI_v1.mq4 u send me.

anyway i will start forward test Cost_Avg___RSI_w_Trend_4.mq4 , on M1 TF with default setting .

Cheers,

CF

RSI trend v4 should be tested on m5 or m15. M1 is too whippy.

The common RSI can be tested on m15, m30 or m60.

Hope this helps.

 

Hi,

I did extensive back testing on RSI trend V3 looking for settings that do not blow account. Some of them give very good results in back test with 89 % model quality.

All the settings use mm but I did a small modification to the code:

lotMM = NormalizeDouble(AccountFreeMargin()*(RiskPercent/1000)/(Leverage),2);

if (lotMM < 0.01) lotMM = pLots;

if (lotMM > 100) lotMM = 100;

return (lotMM);

I am now forward testing these settings

 

The common RSI based system seems to be doing well. It survived the trends over the last couple of days.

I am attaching the results here.

 

The aggressive version based on RSI with Trend v4 using m5 settings is churing trades. With about 1800 trades within a couple of weeks, it should keep the brokers happy. Also, with a 27% returns in two weeks based on closed trades (don't forget a 15% open trade drawdown currently underway), it should keep the trader happy too. Let us see how long before it blows up the account.

 

Financial suicide

Hello Maji,

Averaging down is the fastest way to financial suicide! This approach will suck you in with easy winnings before delivering the killer blow that will cut your head off. Remember the oldest lesson in financial speculation - the trend is your friend. Don't be tempted.

drm

 
drm:
Hello Maji,

Averaging down is the fastest way to financial suicide! This approach will suck you in with easy winnings before delivering the killer blow that will cut your head off. Remember the oldest lesson in financial speculation - the trend is your friend. Don't be tempted.

drm

Thanks for the reminder. However, I want to trade like the commercials and the big boys do. They do not trade with the trend but really against it. Have you ever read about Warren Buffett jumping on the band wagon because it is moving up?

With adequate capitalization I think we can survive the drawdowns. The problem is to find out what is that level? That is what I am trying to find out.

 

Cost average RSI with Trend v4

M15

MagicNumber=12413

LotExponent=1.66667000

slip=3.00000000

pLots=0.50000000

TakeProfit=150.00000000

Stoploss=500.00000000

PipStep=25.00000000

MaxTrades=10

UseStopLoss=0

TotalEquityRisk=25.00000000

UseSafeMode=1

UseRSIforAddTrade=1

BuyLevel=20.00000000

SellLevel=80.00000000

ShortLevel=70.00000000

CoverLevel=10.00000000

SlowPeriod=14

FastPeriod=5

PriceType=5

UseTrend=1

sMAPeriod=20

MAPeriod=10

MATimeFrame=1440

MAMethod=0

MAPrice=5

UseMASlope=0

MinPips=10

MALookBack=5

UseTrailingStop=1

TrailStart=20.00000000

TrailStop=20.00000000

MM=1

RiskPercent=0.10000000

------------------------

Very good result!

 

frantacech test

Nice results. Are you testing on 4 pairs only ?

 

frantacech: Those are amazing results man. Flipping heck, well done!

Sorry to ask a stupid question, but how do I get hold of this "Cost average RSI with Trend v4" EA. I've searched the entire thread but I can't find an EA with this name!

1...293031323334353637383940414243...62
New comment