Sashken EA

balista4
422
balista4  

This EA is on top of Automated Trading Championship. A clear winner till now!!

Lets share thoughts and views to work on it.

Thanks to Sashken for the EA.

Files:
sashken.mq4  6 kb
cucurucu
463
cucurucu  

Hi balista4

If you look at the code of this EA you'll find the EMACROSS (developed by CodersGuru) principle.

You need a very big account to trade with this EA. You have to trade only a small percent of the account because this EA is trading against the trend. You have to give it enough margin to sustain a very big floating loss.

... and there is always the risk of "no return". The price could move in a very strong trend and wipe out your account. I think this strategy is effective only on ranging markets/pairs.

I like counter-trend EAs but not without a stoploss. I like MA Channel (also developed by CodersGuru) and Phoenix (developed by Hendrick). They are both counter-trend EAs but both are using a stoploss and a responsible money management.

Even if sashken EA wins the ATC2006 I have serious doubts that any (responsible) trader would put real money on it.

balista4
422
balista4  

Hi cucurucu,

Thanks very much for the explanation. I'm very new to EA thing, guess i got caried away, without the inside facts. Thanks for the information.

Yes, coders gurus MA channels, phoenix, firebird EA also, I'm working with it . i could not find a thread about sashken EA..so thought to open one.

from past couple of weeks Im doing the EA thing, before i was in indicators, guess didn't have the patience to wait and watch anymore.

I will soon subscribe to elite subscription, so that i get much information.

Thanks again..

Balista

xxDavidxSxx
1080
xxDavidxSxx  
cucurucu:
Hi balista4

If you look at the code of this EA you'll find the EMACROSS (developed by CodersGuru) principle.

You need a very big account to trade with this EA. You have to trade only a small percent of the account because this EA is trading against the trend. You have to give it enough margin to sustain a very big floating loss.

... and there is always the risk of "no return". The price could move in a very strong trend and wipe out your account. I think this strategy is effective only on ranging markets/pairs.

I like counter-trend EAs but not without a stoploss. I like MA Channel (also developed by CodersGuru) and Phoenix (developed by Hendrick). They are both counter-trend EAs but both are using a stoploss and a responsible money management.

Even if sashken EA wins the ATC2006 I have serious doubts that any (responsible) trader would put real money on it.

it does have a s/l setting in the settings window but you don't see it in the order. and ea shuts down when stop is hit.

I don't think it will win over all.

YupYup
198
YupYup  

I got it fined tuned quite a bit, but since its a long term EA, you end up only making $100 a month, not really worth it if you ask me

*this obviously based on deposit amount*