Not so Smart and not so Safe!

To whom it may enthusiastic to buy or test this Expert Adviser,

Configuration is most important part must be done before running the expert so please do not hesitate to contact me to have best acquire and fine optimized configuration.

As you know candle history of brokers are different to each others so expert configuration per broker is required.

I have prepared configuration for some major currency pairs, all configured with the history of "MetaQuotes Software Corp." downloadable

from Metatrader 4 History Center.

EUR/CHF currency pair configuration for M1 timeFrame with initial 5000$ capital.

This configuration was optimized for pair in 2015 and 2016 and hopefully would be profitable for 2017.

EUR/USD currency pair configuration for M1 timeFrame with initial 5000$ capital.

This configuration was optimized for pair in 2015 and 2016 and hopefully would be profitable for 2017.

GBP/USD currency pair configuration for M1 timeFrame with initial 5000$ capital.

This configuration was optimized for pair in 2015 and 2016 and hopefully would be profitable for 2017.

USD/CAD currency pair configuration for M1 TimeFrame with initial 5000$ capital.

This configuration was optimized for pair 2016 and hopefully would be profitable for 2017.

USD/JPY currency pair configuration for M1 TimeFrame with initial 5000$ capital.

This configuration was optimized for pair in 2015 and 2016 and hopefully would be profitable for 2017.

Good points, Thanks.

As this EA priority is Scalping first not Martingale from beginning and it run's martingale to manage first scalping position which did not reached to target so

I recommend to set initial lot at

• 0.1 Lot for 5000$ account balance.
• 0.02 Lot for 1000$ account balance.
• Or Set the Money Management to 3% for medium risk or 5% for high risk and 7% for very high risk.
  

I bet you will enjoy evaluating your Expert like in the following post :

https://www.mql5.com/en/blogs/post/685512

If you like the mathematical process in statistical evaluation of the expert, I bet you would enjoy seeing how your expert performs in different market conditions while keeping proper ratio between gains and losses.

Thank you for your kind and most generous contribution.  

Hi, I have bought this EA this week, and have gained 220 USD. I am impressed so far, and hope this continuous:-).

I have a question Yasser: I use the set files I found in the comments page. Is that the latest set files?

Best regards

Kristian.

Hi, I am glad to hear that. Setting I have posted are based on Cyprus  Brokers and specially FXCC.

Most important setting are:

1. Begin Hour, End Hour, Dead hour. You need to set it based on your broker time.
2. MaxMove=Rally size (average in one year history), you need to set it based on currency you are trade. As an example Moves of GBPJPY or GBPUSD are high and EURCHF is low so when you are doing trade against the trend of rally and you are using the Martingale Money Management strategy, you need to estimate rally move and put the order in end of rally and beginning of retracement .
3. Step, put it greater than 1, then the martingale method execute in static step size. Put it between 0 and 1 (0.68) and it means that the second position will open in distance of 68% of MaxMove and the next postions will be open with dynamic distance or step size based on M1 Volatility range size.
4. Step Multiplier, is used to calculate dynamic step size for third position and nexts.
5. Volume size Multiplier (you probably know it well)

So MaxMove, Step and Step multiplier need to change  when the market move and behavior changes.

Let me know what pairs you are trading and I will look to see if I can send you newer setting.

I strongly recommend you to use strategy tester to find the best setting according to your trader and pair you are going to trade for.

Why the free version of the expert is 1.5 and the nonfree is version 1.4?

Thank you.

I did it because one of the way to distinguish different EA is version. From the functionality the both are same, the only different is Free version trade in minimum possible Lot size only.

I have a new update for Full version in next week.

I used both EAs (Free vs $$$) and there has to be more difference than minimum lot size because I use default settings, same currency pair (EurJpy), and same time periods (Jan 1, 2015 - Dec 31, 2015) and get different results (-$87.10 vs -$1038.22). Hard to compare the two if you don't know exact hidden settings or exact differences.