Brainwashing EAs - page 13
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How to know: are your broker/account is ECN or not?
Very simple:
It is IBFX Metatrader with Brainwashing EAs:
So, instal Metatrader, and try to open the trade to place stop loss and take profit values:
Do you see from the image?
I can not place stop loss and take profit values when I am openning the trade - it is disabled.
So, it is ECN.
To place stop loss and/or take profit values - I will need to open the trade first and after that only - modify this trade to place stop loss and/or take profit values.
That's all differences for us.
So, any ECN EA will work for normal usual broker.
Hi Newdigital. I need further information on this EA. Please advise
Hi Newdigital,
I need further information on this interesting EA as follows:
1. What is the required minimum amount to trade with this EA?
2. Which pairs have / or seem to have the most consistent profits when using with this EA?
3. Which time-frame has high winners with lowest drawdown among m15, h1, and h4?
4. What are the profit factor, max drawdown, and annual growth forecast of this ea? I have not seen this report summary from you during your forward-testing of this EA. Where can I find these report summaries?
I am waiting for your further information soon.
Thanks a lot
Regards,
James
It was discussed on the thread especially during the discussion about how to trade this system manually.
Sometimes - minimum is 500, sometimes 1,000 or 3,000.
It depends on what you are trading (tmeframe), and manually or by EA.
It was discussed to heck this thread.
Check excel file:
always - the latest post on this thread
https://www.mql5.com/en/forum/173403
As I remember - one version of Brainwashing is very profitable for one pair if H4 timeframe, and if automatic trading.
But if you are planning to trade manually so - check excel file for the performance, select the pair (USDCHF) for example. You can use any timeframe if you are trading manually.
Drawdown is small as this system is openning 1 trade per symbol with fixed lot size with stop loss and take profit values. And stop loss is not big.
Check excel file.
Why do not see?
I am posting the statements weekly during the weekend ...
Well.
Try to find the information by yourself.
If difficult so let me know and I will make some review of the versions and timeframes and so on.
First of all, many thanks for all your explanation about ECN/STP, i was confused. So an EA made for ECN can be used on STP brooker and our usual brookers but an EA made for our common brookers couldn`t be used on ECN/STP brookers
As I remember - one version of Brainwashing is very profitable for one pair if H4 timeframe, and if automatic trading.
I have taken a little time to read all your past posts about this EA, and you were saying that the Brainwashing1c1 were very profitable with H4 as timeframe.
Is it still necessary to change the itrend value each week for H1?
It is not necessary for H4 because it will be almost same value. But it may be good to change for H1 and M15 especially if we are trading this system manually - it is necessary.
I traded Brainwashing system manually live with real account for the long time. Basicly - there are 2 systems which I am using to recover my deposit after lossing ...
:
- Channel Trading system - there is some public thread for M5 timeframe but Mladen created EA which is similar with this system https://www.mql5.com/en/forum/180383
- and this Brainwashing.
Brainwashing is good, slowly going and I do not need to think about any forex news and so on - in most of the cases - this system are not affected by forex news.
But you know ... people like what they like ... if you like some system so you will use it, and you will never use something which you do not like. So, it may be personal preference too for example.
Because what is Asctrend?
It is when we see uptrend for example so the system/indicators can open the trade on the middle or in the end of this trend. We just want to be sure about correct exit.
What is Brainwashing?
It is the trade which will be opened on the beginning of the trend. So, it may be false entrance. In this case we need this iTrend values estimated ...
And it is the main differences between Brainwashing and almost all signal systems.
e
It`s not easy to catch up with the others when you`re late. I have spent a lot of time reading about that idea of EA of EAs, very interesting.
I have been a trader for a long time, more than 5 years but because of school it was very difficult for me to be a good trader at the same time. I looked for a good system in H4 which can allow me to go to school at the same time, but didn`t find a good one that fit myself. That`s why i shift myself into EA.
I have a little capital so i`m looking for something simple, good MM, litlle risk as little stop loss and consistent PV by the end of the month. And i thing Brainwashing is the good EA.
But i think that, it could be interesting to get 4 EAs, with 10% of PV per EA, than one EAs with huge risk to get 40% of your account per month.
That is my opinion.
It is the trades which were closed this week.
EURUSD; H4; 1c1 version:
GBPUSD; H4; 1c version:
---------
Yes, I agree.
But it is something about expectation too.
Because this Brainwashing is very slowly going.
It is profitable for H4 timeframe for EURUSD with 1c1 version for few years but if someone is having some different "expectation" or illusions so it is not for him.
For example (EURUSD; H4; 1c1 version) - 4 digit pips:
July 2010: +109 pips;
June 2010: +17 pips;
May 2010: +102 pips;
April 2010: +47 pips;
March 2010: -108 pips;
February 2010: -57 pips;
January 2010: +15 pips;
December 2009: +105 pips;
November 2009: +2 pips;
October 2009: +26 pips;
September 2009: +30 pips;
August 2009: -88 pips;
July 2009: -41 pips;
June 2009: +88 pips;
May 2009: +23 pips;
April 2009: +135 pips;
and so on.
So, totally for 2010: +125 pips;
for 2009: +280 pips;
for 2008: +21 pips;
for 2007: +24 pips;
for 2006: +310 pips.
So, that is why I said: slowly going.
The other slowly going EA is on this thread (trading more often than this Brainwashing):
https://www.mql5.com/en/forum/174793
Next one (trading more often than previous one) is Turbo Scalp_net from here:
https://www.mql5.com/en/forum/173371
New Terminator EAs (with different names) are performance very good https://www.mql5.com/en/forum/177320 but initial deposit should be more than 1,000 and more than 3,000 for them.
Fozzy is good for some pairs.
D1 timeframe.
Scalp_net 1.3 with timefilter is performing good ... and sometimes - I have no idea why as it is very simple EMA crossing system.
Scalp_net 1.5 with/without timefilter - performance good but not for every year.
Latest TickScalper is performing very good for some pairs and for the long time ...
New Kaufman is very good for some pairs https://www.mql5.com/en/forum/180383
New Mandarine - good with fibo = true but initial deposit should be more than 5,000.
And I traded this semi-manual EA: somewhere here https://www.mql5.com/en/forum/176133
As to martingale/hedge and other EAs ... so semi-automatic method of trading of 10points EA is very good (I traded it live) - the links are here somewhere:
https://www.mql5.com/en/forum/176044
New Terminator EAs - I said about them.
--------
Do you know what is good EA according to my opinion?
It is when you attached EA to the chart, went to sleep ...and sleep well
Next trade was closed for EURUSD; H4; 1c1 version with 17 pips:
Some results for the week (4 digit pips).
1c version:
- M15 timeframe - no trades for this week.
- H1 timeframe - no trades for this week.
- H4 timeframe: +10 pips for GBPUSD (2 trades) and +80 pips for USDCHF (1 trade).
1c1 version:
- H4 timeframe: +54 pips for USDHF (1 trade).
All the statements are posted as the last post of this thread (as usually): https://www.mql5.com/en/forum/173403
It will be posted in the end of this day or tomorrow.
Just want to inform and this EA (Brainwashing EA) was improved: Brainwashing with auto itrend (Brainwashing #2a EA) was created.
I will post new EA during the weekend.