The same EA with MM.
Pre-set file with MM (attached to the previous post)
1 lot in pre-set (but actually EA started with 0.7).
06/10/2004 till 26/04/2006
Every tick, modelling quality 90%
Starting deposit 5,000
Total net profit 25,150
Profit factor 1.58
Total trades 163
Pre-set file with MM (attached to the previous post but timezone was changed to 2)
09/01/2001 till 11/11/2005
Total net profit 95,915
Profit factor 1.46
Total trades 493
Total net profit 324,844
Profit factor 1.37
Total trades 491
It was EURUSD.
Please find pre-set files (and statements) for USDCHF, USDJPY and GBPUSD.
Does this mean trades are set at 02.00 GMT?
at 2, yes.
But GMT or not I don't know.
What is the time in strategy tester?
Broker's server time?
If yes so it is 02 am broker server time.
I used alpari data for backtesting.
Alpari is GMT +2. North Finance is GMT +3.
This time is affected on the tme of new daily bar opened/closed.
But this daily bar is opened/closed according to the broker's server time also.
So I don't know.
2 means it will be sell stop/buy stop orders at 02 am (server time). 2 am in Alpari is 00:00 GMT.
May be I am wrong.
TimeZone equal difference between order's open time and broker's server time.
Why did this system die? Did someone figure out it was not profitable in the long run? I have been using it live for 2 weeks and it has done well. Can you let me know?
Not die. I am testing it in elite section. Please see some results:
32. SimpleDailyRangeBreakExpert_v1.21 (SBS EA).
EURUSD: pips this week 191; pips in total 334 (May 2006).
GBPUSD: pips this week 408; pips in total 840 (May 2006).
USDJPY: pips this week 14; pips in total -203 (May 2006).
USDCHF: pips this week 100; pips in total 255 (May 2006).
+1226 pips in total since May 2006.
Thank you. I trade this system manually, just using the indicator itself. I open all trades at 5:00 PM ET and close at 4:59 PM the next day. I use this on 10 currencies (all the low spread ones) and have been profitable trading it live for the past 2 weeks.
Can you tell me if the EA uses the same parameters of the 70/50 of the previous day?
wht do u mean by with MM and without MM?
I am testing with 4 majors. Settings are different for different pairs. This EA is not trading often. It is placing two stop orders (buy stop and sell stop) in midnight (00:00 or 01:00 am). If breakout so some order may be opened from one pending one (one pending order is executed and the other one is deleted). Profitable orders will be closed in midnight as well before pending orders is placing. No any trailing stop.
This EA is not trading in flat market and in ranging market sometimes because the distance between buy stop and sell stop orders are very high. It means that buy stop order is placing above the price and sell stop order is placing below the price. And the distance between them are high.
This EA should be profitable in long way run.
There are completely other version coded by Igorad (based on the other system) and that EA is trading more often (1 or 2 orders per day from all 4 major pairs).