Only long positions shouldnt be happening. Are you sure you checked the "Long & Short Positions" when you attached the expert?
I am using the DLM v1.1 right now in testing and I am getting a 64% increase with the expert in my settings on the H1 chart and 85% increase with the expert on M15 chart.
This is from January to September and should for any increments of 5. For example if you have $50,000 the return is $82,000 making an increase of $32,000 Now if you start bigger for example with a $500,000 account it will increase to $820,000 so a $320,000 profit over the course of 9 months.
This is all hypothetical but the model quality was 90%. I will be testing it on a demo account now instead of backtesting to check out what happens with the brokers during news hours etc. This is trading 24/5, basically from the market open to the market close and I turn off the expert before the end of the market period.
Now Alpin,
Your first question asked why the wrong entry. I believe that the DLM was always based on the MACD or the general trend of the curve. This indicator should already be there once you download MT4. If you want, Ive tweaked around with the program myself back in the day to change the indicators that it uses. You can indeed choose from whichever indicators you wish if you think you know a better way of opening a trade (For example, CCI and Stochastic may work better for you).
Your 2ns question asks what the exit indicator is, there is no exit indicator in this expert. It uses Take Profit and Target Pips which are both independent variables in your settings. Play around with those, I always found that 40 pips as a take profit was always too big for me so I use 20-30 pips. Also don't forget to add a stop loss so it stops trading (unless you start with a huge account and use very small lots.)
To answer your question number 3 a csv file is an excel file. MetaTrader4 does not know how to recognize such a file because it won't really get you anywhere. if you want to know what is in the csv file, open it with Microsoft Excel or download Open Office (https://www.mql5.com/go?link=http://www.openoffice.org) and open it with the program called Calc.
Best of luck with the program, I believe it has great potential since its money managment is what some of the best gamblers in the world use inside of casinos.
Thanks Gazuz, I already changed the setting (take profit 20 pips and stop loss 40 pips), just wait for my incoming report. Oh! one more thing if MT4 cannot open csv file why this EA require file 1.2-NonTradingDays.csv? I'd already check it, it's contained nothing ( 0 kb ).
csv is an excel file, you input the dates and times i believe of the nontrading days and the expert will read it to not trade during those times.
its good to have an external source like that so you can update whenever you want
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Hi! I'm new in this business so if I'm make some mistake please correct me OK.:sweatdrop
I'm testing DLMv1[1].3 using:
- default all inputs (I'm not changing anything)
- GBPUSD M1 (this is the best option when I'm backtesting)
- starting 9.27.2006 06.19 GMT
and this is the result
This is very poor result.
And this is my question :
1. why this EA always make wrong entry and it's always make buying entry ?
(what indicators that it's use, maybe I'm not installed the right ones)
2. on the first transactions ( first 5 transaction ) it's should make more profit (total about $920) if it exit 15 to 60 minutes earlier when the price is around 1.8918 (closed at 1.8901). Why it's late? what is the exit indicators?
3. why this program cannot open file DLMv1.2-NonTradingDays.csv. I'd already place it at folder expert\files.
Ok! I think I'm done for today. Please somebody reply it to me. Thank you.