PipMaker v1 - Price action based EA - page 16
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
Thanks to don_forex for sharing this EA and Neo who help to improve this EA.
I make a forward test in V9-1 with standard setting
Lot Increase = true
Buy = true
Sell = true
0.1=1, 0.01=2
smallest lot size =1.0
max lot size =5.0
Lot size =0.1
lot increment =0.1
multiplier =0
Profit target =5.0
Trend profit target =5.0
Safety level percentage = 400.0
Safetyprofittargetpercent =25.0
open on stick =1
spacing =10
trend spacing = 10
counter trend multiplier=2
close delay = 91
orders to close =0
minimum order to close losing =1
trendperiod = 1200
cease trading = false
right side lebel = true
the above setting is
lot size = 0.1
lot increment =0.1
should it be open position with 0.1 lot and open another position with 0.2 (0.1 increase)
but it open with 0.2 lot and another with 0.3 lot
do I missed something here?
I attach the image
i tried backtest this EA at NF but n0thing happen..
there is n0 0pen trade..
can s0m0ne tell me why??
this EA 0nly f0r IBFX 0r what??
Great So Far
I started on Friday at 1400 gmt w/ a $10,000 demo and its up over $500 using these settings. It's early but looks good so far...
LotIncrease=1
Buy=1
Sell=1
smallestlotsize=0.1 = 1, 0.01 = 2
SmallestLotSize=1.00000000
MaxLotSize=5.00000000
LotSize=0.10000000
LotIncrement=0.10000000
Multiplier=0
ProfitTarget=1.00000000
TrendProfitTarget=5.00000000
SafetyLevelPercentage=400.00000000
SafetyProfitTargetPercent=25.00000000
OpenOnTick=1
Spacing=5
TrendSpacing=10
CounterTrendMultiplier=2.00000000
CloseDelay=0.00000000
OrdersToClose=0
MinimumOrdersToCloseLosing=1
MaxMarginPercentage=40
TrendTimeFrame=1
TrendPeriods=1200
CeaseTrading=0
RightSideLabel=0
Wow all those floating p/l is kinda scary but still up overall. which is the latest programming of that EA are you using?
I started on Friday at 1400 gmt w/ a $10,000 demo and its up over $500 using these settings. It's early but looks good so far...
LotIncrease=1
Buy=1
Sell=1
smallestlotsize=0.1 = 1, 0.01 = 2
SmallestLotSize=1.00000000
MaxLotSize=5.00000000
LotSize=0.10000000
LotIncrement=0.10000000
Multiplier=0
ProfitTarget=1.00000000
TrendProfitTarget=5.00000000
SafetyLevelPercentage=400.00000000
SafetyProfitTargetPercent=25.00000000
OpenOnTick=1
Spacing=5
TrendSpacing=10
CounterTrendMultiplier=2.00000000
CloseDelay=0.00000000
OrdersToClose=0
MinimumOrdersToCloseLosing=1
MaxMarginPercentage=40
TrendTimeFrame=1
TrendPeriods=1200
CeaseTrading=0
RightSideLabel=0Wow all those floating p/l is kinda scary but still up overall. which is the latest programming of that EA are you using?
I'm using Don's latest. I tried the Neo 50 pip stoploss version but was down about $3k. Changed Multiplier from 0 to 2 yesterday. DD was pretty big but is back down now. Up $1,200 right now...
Have you noticed if it works better on some pairs and not others?
I'm using Don's latest. I tried the Neo 50 pip stoploss version but was down about $3k. Changed Multiplier from 0 to 2 yesterday. DD was pretty big but is back down now. Up $1,200 right now...
Hi. I've been playing with this for a day or two and it does seem to have potential. Unfortunately, it does seem to blow your account eventually.
What I have noticed though is that the account balance continues to grow even when drawdown is significant. Doesn't this indicate that the 'don't close profitable trades when large d/d present' isn't working? I would have thought that closing losing trades is more important than increasing equity...
Anyway, I like what you have achieved her e and am going to have a go at coding the idea myself. I'll post my results as they become available.
Have you noticed if it works better on some pairs and not others?
I'm using all that's available at demo IBFX. So far it does not seem to matter as long as there is price movement.
It is still a toss-up as to which works better, low spread or high volatility. I am leaning more towards the volatility I think.
PipMakerV5aNeo_Enhanced
Hi,
In last two, three years I've tested and analyzed almost every EA that was posted in this and other forums. Meanwhile I've written some dozens of them and created also a lot of indicators. But this EA (PipMaker) seems to be the best one I've seen.
So, I took the version PipMakerV5aNeo and enhanced it a little bit. I didn't change the trading logic because it seems to be very good. I just added some functionalities that one can control the EA better. There's almost no doubt that this EA is a money maker. The only thing one needs is the ability to control it properly. This is my first approach to achieve this. This version is session based. It has an unique session variable which is used as comment to identify closed and open positions and does not get confused with other running EA's of the same version.
My suggestions for optimal use:
1. Use Daily Charts. 30Min and 1Min data must be available.
2. Setup one EA on EURUSD and set either TradeLong or TradeShort to "true" but not both
3. Setup one EA on GBPUSD and set either TradeLong or TradeShort to "true" but not both (that means you set only long for GBP and short for EUR or vice versa but not long for both or short for short. Works for other pairs as EURUSD, USDCHF or GBPJPY, EURJPY)
4. Set your Session Target in $ (100-500 for a 5K account)
5. May set pause time if major news events are ahead
6. May set a quit hour
7. Don't get greedy. It makes money. Just need to know how to use it properly.
The idea is to let one EA trade although many are attached. Only the trending pairs will be traded.
Please test it and give me your comments and suggestions.