Petit Pip Eater

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How about this EA?

I found this one in Asian forum.

It can work,

1) Chart : EURUSD 30min

2) Setting parameter : POS_open_time_h = 20GMT

(need to modify in local time of your fx broker)

I think it works pretty good! But can't find out its logic.

Files:
g.gif  8 kb
petit_pips2.ex4  9 kb
 

This looks very much like some variety of Martingale technique. As such, it is probably very risky and can suddenly decimate your account. You just haven't backtested it over a long enough sample period.

 

hi

JoseMariaG:
How about this EA?

I found this one in Asian forum.

It can work,

1) Chart : EURUSD 30min

2) Setting parameter : POS_open_time_h = 20GMT

(need to modify in local time of your fx broker)

I think it works pretty good! But can't find out its logic.

it looks good in statement but we should find out the result of this EA on forward testing

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

Forex Indicators Collection

 

Result of backtest Jan.2004 - Feb.2008

Thank you very much for your advice sir.

I'm going to start forward testing from next week.

Looking at backtest log, it doesn't look like using martingale theory.

The winning rate is too high for martingale... (over 98% in 700 trades)

I'm very interested in its strategy.

I'll study on it, but looks very difficult...

Files:
r.gif  14 kb
 
 

The stoploss in the EA is preset at 100. That seems extremely high. Especially with a Max drawdown of around 8%. I'd like to see the results if the stoploss was lowered to 50 or maybe even less.

 

Input Parameter is also RSI, maybe over 55 to enable BUY, below 45 to enable SELL ?

 

Result of backtest Jan.2004 - Feb.2008, SL=50

Thanks for your advice.

I put the test result, SL changed to 50.

Max drawdown became up to 30%,

but the winning rate is still high 96%.

I think this is the key point of this EA's strategy.

Only because of opening time? ... mmm

Files:
r2.gif  14 kb
 
JoseMariaG:
Thanks for your advice.

I put the test result, SL changed to 50.

Max drawdown became up to 30%,

but the winning rate is still high 96%.

I think this is the key point of this EA's strategy.

Only because of opening time? ... mmm

Except that the loss trades are about 15 times the size of winning trades...

 

This always screws me up...IBFX is a +/- 0 gmt dealer...so do I not touch the 20 for IBFX?or maybe I use 13 for the gmt-7 zone that I have here in Denver, Colorado?

2) Setting parameter : POS_open_time_h = 20GMT

(need to modify in local time of your fx broker)

 
JoseMariaG:
How about this EA?

I found this one in Asian forum.

It can work,

1) Chart : EURUSD 30min

2) Setting parameter : POS_open_time_h = 20GMT

(need to modify in local time of your fx broker)

I think it works pretty good! But can't find out its logic.

can u post the .mql instead of .ex4?

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