Cost Averaging System - page 45
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Current demo testing results are attached - looks like you need to be well capitalised to use this strategy live.
Those are the MagicNumbers
This can't be the Magic Number... => so: 79.4%/863.5/1087.1
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!)
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
H1 on IBFX
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
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
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
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.
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.