Cost Averaging System - page 45

[treberk]

Current demo testing results are attached - looks like you need to be well capitalised to use this strategy live.

[[Deleted]]

treberk:
Those are the MagicNumbers

This can't be the Magic Number... => so: 79.4%/863.5/1087.1

[treberk]

Maji:
This can't be the Magic Number... => so: 79.4%/863.5/1087.1

Yep, you are right. I thought you was referring to the numbers in the Price column -

Don't have a clue what those figures represent - I am sure someone at Metaquotes knows (to me it is all Russian!)

[tomstaufer]

Cost Averaging RSI with Trend v4 part2

Starting ballance: $10000

Pairs: EURGBP, EURJPY, EURUSD, USDCHF, GBPCHF, AUDUSD

Timeframe: M15 on IBFX

Settings:

MagicNumber=12413

LotExponent=2.00000000

slip=3.00000000

pLots=0.01000000

TakeProfit=5.00000000

Stoploss=500.00000000

PipStep=5.00000000

MaxTrades=55

UseStopLoss=0

TotalEquityRisk=25.00000000

UseSafeMode=0

UseRSIforAddTrade=0

BuyLevel=30.00000000

SellLevel=90.00000000

ShortLevel=70.00000000

CoverLevel=10.00000000

SlowPeriod=8

FastPeriod=5

PriceType=5

UseTrend=0

sMAPeriod=40

MAPeriod=10

MATimeFrame=1440

MAMethod=0

MAPrice=0

UseMASlope=0

MinPips=10

MALookBack=5

UseTrailingStop=1

TrailStart=30.00000000

TrailStop=30.00000000

MM=0

RiskPercent=0.10000000

[tomstaufer]

H1 on IBFX

[tomstaufer]

Cost Averaging Common RSI v1 part2a

Starting ballance: $10000

Pairs: EURGBP, EURJPY, EURUSD, USDCHF, GBPCHF, AUDUSD

Timeframes: M15,M30, H1 on IBFX

Settings:

MagicNumber=12411

LotExponent=1.66666700

slip=3.00000000

Lots=0.10000000

TakeProfit=20.00000000

Stoploss=100.00000000

PipStep=25.00000000

MaxTrades=10

UseSafeMode=1

UseRSIforAddTrade=1

UseStopLoss=0

TotalEquityRisk=33.00000000

BuyLevel=20.00000000

SellLevel=80.00000000

MidLevel=50.00000000

SlowPeriod=9

FastPeriod=4

PriceType=5

[forex4syg]

Statement for Cost Avg - RSI w-Trend v4

Capitalization is the only way to handle this system.

My account was not well capitalized, so it is gone.

//----------------------- USER INPUT

extern int MagicNumber = 12413;

extern double LotExponent = 2;//1.666667;

extern double slip = 3;

extern double pLots = 0.01;

extern double TakeProfit = 15;

extern double Stoploss = 500;

extern double PipStep = 10;

extern int MaxTrades = 55;

extern bool UseStopLoss = false;

extern double TotalEquityRisk = 25; //loss as a percentage of equity

extern bool UseSafeMode = false;

extern bool UseRSIforAddTrade = false;

extern double BuyLevel = 30;

extern double SellLevel = 90;

extern double ShortLevel = 70;

extern double CoverLevel = 10;

extern int SlowPeriod = 8;

extern int FastPeriod = 5;

extern int PriceType = 5;

extern bool UseTrend = false;

extern int sMAPeriod = 40;

extern int MAPeriod = 10;

extern int MATimeFrame = 1440;

extern int MAMethod = 0;

extern int MAPrice = 0;

extern bool UseMASlope = false;

extern int MinPips = 10;

extern int MALookBack = 5;

extern bool UseTrailingStop = true;

extern double TrailStart = 30;

extern double TrailStop = 30;

extern bool MM = false; //Use Money Management or not

extern double RiskPercent = 0.1; //% of equity used as margin per trade

[[Deleted]]

forex4syg:
Capitalization is the only way to handle this system.

Absolutely correct. Look at the results from post nos. 440 and 448. One is by me and the other by tomstauffer. Using nanolots, you can use this EA to make money even in trending markets. Atleast, it did during last week's nice trends. Man, I tell you though... it is much more fun to trade trend systems

[BluePearl]

common rsi with default results

the use of safe mode can work against the account in an extended trend as it closes out trades when the opposite extreme on the rsi is hit.

[[Deleted]]

BluePearl:
common rsi with default results the use of safe mode can work against the account in an extended trend as it closes out trades when the opposite extreme on the rsi is hit.

Yes, you are correct. The objective is to limit losses. However, if you have a large account and can withstand the drawdowns, just set it to false and let the system do its thing.

From my observations spanning many thousands of trades using cost averaging system, I think the only way to trade this is using proper capital. The rest of the stuff is just fluff. You can do well with just random entry and still come out with great profits if you can stand the pain of drawdown.