Thanks a lot MrTools and Mladen!
I will change old version to new ecn for now for fxcm metatrader.
I attached this EA to FXCM broker's Metatrader:
Please find the statements for those 1 or 2 hours trading attached inside zip file).
For this 1 or 2 hours: EA made 19 pips (4 digit pips) in profit or 3.33 dollars trading based on 0.01 lot size.
This ATR +15 settings are good because we are on the market during as short period of time as possible. But ... - some negative part - when and why we can lose money with this settings: we know that decreasing take profit value in marttingale EA = increasing risk of using it so it may be good to select some pairs which are more profitable for the long period of time. Especially if whole 1 martingale cycle will be closed in loss so it may be 100 or 200 dollars loss.
I think, if we really want to use this ART +15 settings so we should do the following:
- select good profitable pairs for this EA;
- use timefilter coded inside this EA.
because some news events can "kill" most part of the deposit so on the future - we can look about how to trade avoiding any news events for example.
I will continue forward testing with many pairs and after that we can select the most good pairs (I think - it can be EURUSD and EUIRGBP but we will see) and will improve this settings to implement timefilter.
I will post some information about max floating drawdown for every pair later.
- Explanation of ATR settings is on this post.
- ATR + 15 pips settings: VQ_ Ea_v2 EA for normal and ECN/stp Metatrader's broker with default settings is on this post.
Thanks New digital, interesting info.
I love this indicator on H1 and M30..H15 is good too.. liking the ea work you are doing.. going to be checking that out closely..
But can someone PLEASE take the vq nrp,
please add an arrow for when the
VQ would/does signal color change. I want to see arrows
up for green, red for down of course when the VQ
changes color.. without concern for the MA's
etc. Can someone PLEASE help asap?
All the best
QUOTE=mrtools;392400]Finally got the martingale working right had to use another Ea, and changed to VQ-nrp and used Mladens suggested call out a few pages back, staying with volatility theme changed out the regular take profit,pipstep,and stoploss to atr controlled take profit,stoploss,and pipstep which will require a lot of testing to get good settings, added a time filter for different days of the week, in my testing have found a setting of 20+ for the smoothing of the VQ gives better results, please remember this is martingale type Ea and can be very hazordous to your account.And like Newdigital said above any ideas for improvement are welcome.
For the Ea to work you need VQ-nrp in experts/ indicators folder.
I am continuing forward testing/trading it on M1 timeframe with many pairs. I will post the statements daily.
Very good with this EA is that martingale cycle is closed very soon and we do not have the situation when many martingale trades are "floating" for the long time with increased lot size all the time. But it is the losses sometimes. But if martingale cycle is closed so the next trade is started with lot size = 0.01 so it is good.
I have an idea, to reduce the losses - use M5 timeframe (with same settings). I will continue trading with M1 up to the end of this week and after that - I will turn it onto M5 timeframe for all the charts with EAs attached, and we can compare.
Just to understand what I mean: try to backtest EA on EURJPY since (Use Date) 2011/03/17 till 2011/03/19 on M1 and M5 timeframe (with default settings).
Today - will be last statement for M1 timeframe. Next week - I am using M5 for same setup.
"EA V302 martingle VQ"
I do not know because I did not close the open position the EA: "EA V302 martingle VQ"
What i have to setting ?
Here's the arrows, could only do on chart type.
No, that's perfect! Thanks Mrtools...great work again!
As I promissed - I changed M1 timeframe to M5 yesterday.
Statements for M1 timeframe are attached in zip file to this post.
So, I changed all the charts from
with same setup and same EAs attached to the charts.
M5 timeframe looks more reliable for this EA with this settings.
It was already few good trades were closed for M5.
I will post the statements for M5 tomorrow (and will post it every day, or almost in every day).
- ATR Stop Loss + Non-ATR 15 pips Take Profit settings: VQ_ Ea_v2 ecn-1a EA for normal and ECN/stp Metatrader's broker with default settings is on this post - there is no close on trend change on this EA coded a version with it.
- Non-ATR 5 pips Take Profit settings + Non-ATR 5 pips Stop Loss settings: VQ_ Ea_v3 ecn EA is on this post - It is the version with regular stop loss and take profit set by default to 5.
- statements for M1 timeframe for VQ_ Ea_v2 EA ecn with ATR + 15 pips settings is on this post.
- statements for M5 timeframe for VQ_ Ea_v2 ecn-1a EA ecn with ATR Stop Loss + Non-ATR 15 pips Take Profit settings - more to follow.