I am forward testing Mandarine_Fibpivots_v1 EA https://www.mql5.com/en/forum/180088 with defauls settings for H1 timeframe. I changed only the settings for Fibo (true and false).
So, just a situation was changed.
It is with Fibo = false:
It is with Fibo = true:
As we see - it is positive equity performance with Fibo = true (blue line is equity).
For me been a slow week for Mandarine Ea but think it was because only had it on 4 pairs but since testing up around 300 pips, starting now going to add more pairs. My settings are fibs = true and T3 hot = .70 and tightened range.lock profit and range.trailing stop to 0.25, on M30 timeframe.
Closed a trade from last night +70 pips currently in a trade with chfjpy up around 20 pips.
This EA is performing well.
Mandarine without Fibo (4 digit pips):
this week: 217
since 12 of March: 217
this week: 0
since 12 of March: 98
this week: 110
since 12 of March: 110
this week: 88
since 12 of March: 88
this week: 41
since 12 of March: 41
this week: 47
since 12 of March: 47
this week: 92
since 12 of March: -76
this week: 260
since 12 of March: 369
since 12 of March: 0
So, totally for this week:
+855 pips (4 digit pips).
Since 12 of March:
+894 pips (4 digit pips).
Mandarine with Fibo (4 digit pips):
since 12 of March: 76
since 12 of March: 57
since 12 of March: 92
this week: 412
since 12 of March: 412
+504 pips (4 digit pips).
+637 pips (4 digit pips).
What timeframe is best for this interesting ea?
Dear Mr.Tools and Newdigital,
Please kindly advise if there is any difference in profitability if we use this EA on different time-frame?
In fact, which time-frame is best for using this interesting EA?
And if possible, please kindly post your pre-set files (with Fibo = True and Fibo = False) that you are now live-testing this EA here for reference?
Besides using this EA, I think we can use the indicator and templates for manual trading is also very good. Please post the template.
Thanks a lot for your kind explanations
Best settings so far are default with fibs=false, but attaching my setfiles one fibs=true and other is fibs=false. In case you are not aware there is a section for manually trading Mandarine here:
Dear Mr. Tools,
Thanks a lot for your quick reply.
I noticed from your above post and Newdigital's above post, and see:
1. You used M30, and Fibo = True with good profit.
Did you have any live-testing with Fibo = False?
2. Newdigital used H1, with both Fibo = True and Fibo = False. It seemed that Fibo = True from above tests of Newgital has more profits and lesser drawdown (lesser loss).
So, that is why I am a bit confused in :
a, Fibo = True or Fibo = False: which one is more profitable on consistent basis?
b. Which time-frame is better ? M30 or H1? Or different time-frame has no different profitability for this potential EA?
I hope you and Newdigital would explain me in more details about my above questions on Fibo = True/False and Time-frame = 30 or h1?
Thank you very much for your kind reply and help
I haven't live demo tested it yet with fibos=false, have switched to that now and am using on H1 timeframe because to me Newdigital been having sucess with those settings, and want to see how it does.
I tested on M30 timeframe with Fibo's = true, didn't have many trades, but the trades i did have, the drawdown was very manageable and all went into profit.. This version is a lot different from earlier Mandarine Ea's and it is barely a month old so we are all just getting the feeling for it, as far as what trading timeframes,stoploss,takeprofit, how to filter etc.Hope this helps somewhat!
I am using H1 timeframe because I am using this tieframe for old Mandarine which I am still forward testing. So, I am using H1 for new Mandarine. Default settings for all the pairs except fibo false or true, Mandarine_Fibpivots_v1 EA https://www.mql5.com/en/forum/180088
I did not try M30 sorry.
May be - I can try M30 too as it is good idea to compare the timeframes.