Experts: MTF sar_rsi

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MetaQuotes Software Corp.
Moderator
208101
MetaQuotes Software Corp.  

MTF sar_rsi:

This EA capitalises on four timeframes SAR, RSI and BB to determine entry as well as time zone.

Author: olufikayo olowoyo

olufikayo olowoyo
57
olufikayo olowoyo  
starlimit03:

this is a chart of the tester on M5 between May 17 till date


rplust
244
rplust  

Don't get any trades when back testing..!? Don't know the reason.

olufikayo olowoyo
57
olufikayo olowoyo  
rplust:

Don't get any trades when back testing..!? Don't know the reason.

what type of broker are you using?What error is it giving? try changing TP=0 initial Stop =0 ;
rplust
244
rplust  
starlimit03:
rplust:

Don't get any trades when back testing..!? Don't know the reason.

what type of broker are you using?What error is it giving? try changing TP=0 initial Stop =0 ;


The problem was the lot size which is set to 0.01 but on my account I use 0.1. But still it does only a few mini trades (average 4.66) on a 2 months period. Nothing like the chart above. What settings do you use?
olufikayo olowoyo
57
olufikayo olowoyo  
rplust:
starlimit03:
rplust:

Don't get any trades when back testing..!? Don't know the reason.

what type of broker are you using?What error is it giving? try changing TP=0 initial Stop =0 ;


The problem was the lot size which is set to 0.01 but on my account I use 0.1. But still it does only a few mini trades (average 4.66) on a 2 months period. Nothing like the chart above. What settings do you use?
if you using 0.1, check the trading time zone( default is 10-17 which is 8 -15 gmt ), if you are using a four digit broker, then change the pips, takeprofit to 10 and 13 respetively. the chart above is using default settings on M5 chart. the first graph was using open price only,the second was using Every tick.. Hope it helps
redzpe
15
redzpe  

Thanks, this looks very interesting. Backtesting shows good results on several pairs. Although I would prefer to run it with a long trend robot to hedge the risk a little bit so I wonder if you could implement Magic number in the code Thanks!!

EA
25
EA  
vola66:

Thanks, this looks very interesting. Backtesting shows good results on several pairs. Although I would prefer to run it with a long trend robot to hedge the risk a little bit so I wonder if you could implement Magic number in the code Thanks!!


its use martingale :(

olufikayo olowoyo
57
olufikayo olowoyo  
FSS:
vola66:

Thanks, this looks very interesting. Backtesting shows good results on several pairs. Although I would prefer to run it with a long trend robot to hedge the risk a little bit so I wonder if you could implement Magic number in the code Thanks!!


its use martingale :(

It makes use of martingale,,,as pa the Magic Number..each pair is assigned a different magic number so there cnt be a trade conflict...even when the EA is restarted or the terminal restarted.
MQL4 Comments
16299
MQL4 Comments  

Here is my result of backtest. This is a backtest in one hour tf. I also used other tf and allways same result. Suddenly at the end the account crashed.


olufikayo olowoyo
57
olufikayo olowoyo  
funnytrader:

Here is my result of backtest. This is a backtest in one hour tf. I also used other tf and allways same result. Suddenly at the end the account crashed.



Well..... as I said earlier in the post,It is based on martingale and It still requires a couple of modifications which I am currently working on{ to determine end of trend, for trend reversal) as it works okay in ranging market. I have been able to overcome this by simply keeping it simple....One or two trades per day on each pair and it works fine so far{ even in back testing). I do hope we could get an indi that can tell use possible early trend reversal. this might help make it better.

I just optimised the Ea settings changing the Secure Profit( i.e profit per row of orders placed), I discovered that it worked well with between 15 and 25, even were the account wiped using 10 it was able to survive it comfortable. Try changing the secure PROFIT SETING ANS SEE. I have currently updated the EA to allow user to determine on which TF it should check for BB BREAKOUT, so far on testing it works well on higher TF ALTHOUGH WITH FEWER TRADES.

12
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