17% of profit for 1 month of testing on the Eur/Usd H1...not bad at all
What I like about this EA is that the news Days had no effect at all. In fact, it's the only EA I am testing that didn't loose any profit from the brutal whipsaws.
I added 4 pairs to the test yesterday. USD/CHF; EUR/JPY; EUR/CHF; GBP/USD
The settings I use for these new pairs are not optimized. I use the same settings that can be found in my preset file posted in one of my previous posts on this thread.
Hi Nicholishen, could you confirm the attached files in #1 post are the latest version with those fixes? I would like to help with forward testing.
You mentioned earlier your were using the following settings for forward testing.
Length2 and Length3, they are both listed as 20. Just want to confirm if that is correct or if it is a typo.
Using stop loss of 90 is considered bad money management. A couple of losses can negate all the gains made in several weeks.
I back tested this with 90% quality for this month with a 30 pip stop loss and gave good results.
This seems to be a good strategy. I have 1 minute data for this month only. If you have 1 minute data going back to last year then you can back test for longer term than I did and see if a 30 to 40 pip stop loss is profitable.
From the graphs the signals look very good. This is realy good especially cosidering it uses only one indicator. I guess the simpler it is the better it is.
That is not a typo...it's correct...the preset file I posted is the exact preset I use.
I understand that 30 to 40 seems more profitable and surely is...but I got those settings after putting the EA on a 16 hours backtest for 1 year. The result spitted out 90...anyway, the way the EA is made is that it will close the trade if there is an opposite signal.
What I am really interested in is to backtest the EA for other pairs of currencies....anybody who has 90% data quality wants to backtest and see what are the other currencies optimize settings?
I tested it using the USDCHF H1.
more reliable test with 90% quality
You'll have to change lengh 1,2&3 (and the TP, TS and SL too...)in the settings of the EA to make it more profitable.
For the eur/usd I use 8,20&20 respectively,please look at my SET file I posted earlier for all details. Try to backtest it on those settings and you'll be surprise. It's up 200 pips right now after 1 month of forward testing. Each currency have a different setting. I will be doing more backtesting in the future for other pairs but the problem right now is that the EA doesn't work with multiple pairs. I am not sure what is wrong with it but we'll have to wait as Nicholishen seem to have log-off for a while for a small vacation well deserved
Maybe someone else with programming skills could take a look at the KI EA and make it work with multiple currency pairs ?
PS: here is an update of the statement
sadaloma,new tests with your preset.
the EA works for a certain kind of market mode. it works good from june 2005 till now, but not from June 2004 to now a whole period.
can you please post the link for EA and the setting you are using .....i want to forward test this EA......
1st post of this thread.