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Mark Vaines  

max initial lot would be good to stop the logic going wrong if max lot allowed its reached by the broker


for example max lot 4.00 then the max lot multi would be 100 lots the max allowed by some brokers.

Pavel Yakovlev  
Mark Vaines:

max initial lot would be good to stop the logic going wrong if max lot allowed its reached by the broker


for example max lot 4.00 then the max lot multi would be 100 lots the max allowed by some brokers.


A valuable addition, thanks. I'll add the check for maximum allowed lot in the new version.

Aussie Trader  
Can this EA be run on other pairs, or would that be too risky? If it can be used on other pairs, can you please provide some set files or modified versions? Also, what does it mean "self-optimizing"- could you provide a more detailed explanation of this process?
Pavel Yakovlev  
Aussie_Trader:
Can this EA be run on other pairs, or would that be too risky? If it can be used on other pairs, can you please provide some set files or modified versions? Also, what does it mean "self-optimizing"- could you provide a more detailed explanation of this process?

Hi!

The EA was designed for EURUSD. It is possible that it will work successfully on other pairs. Later I will test other pairs.

The EA has a few internal variables that influence the entry into the deal. Depending on the volatility on several timeframes, these values change. I meant that the expert does not need optimization over time. Settings do not become obsolete over time.

Aussie Trader  

Works well with UJ. Profit trailing stop is reliable on live account, same as in the tester. Running EU & UJ live on two accounts - will update as we go

.

Aussie Trader  
Aussie_Trader:

Be very careful with this one - uses martingale multiplied by 5. Your lot sizes can increase very quickly, dramatically and unsafely in the event a pair goes into a trend counter to your first position. Last night my lot sizes grew from start lot 0.35 to a whopping 43.75 lots in 3 easy steps! If the EU did not reverse I would have faced huge losses on both accounts. Safe mode will not save you - if anything it will lose you more money because it will close out your existing positions for a loss as soon as it gets a signal in the opposite direction. This is not really a hedging function, it is a bite the bullet, take the loss however big it might be and start all over again with small size entry in the opposing direction. As an example you can see the test results on GU with Safe Mode Off versus Safe Mode On. I repeat - Safe Mode is not a hedge. I know this EA has been optimized for EU but EU can and does go into trend mode (just like yesterday) and I used GU as an example of what would happen if it does. Always ask yourself how comfortable you would be with the lots multiplied by 5, three or four steps ahead. Eg if start lot is 1 your lots sizes would go 1, 5, 25, 125. Would you be comfortable with 125 lots on a position that started you with just 1 lot? Hope you get the picture. I think martingale of 5 is a little too risky. Hopefully the author can come up with a better option

GU with Safe Mode On

GU with Safe Mode Off


Aussie Trader  
I think this system needs to be modified to use a max multiplier for martingale of 2. I see that the entries for the signals are good but the mart multiplier of 5 is over the top. It may work better with lower mart multiplier on lower time frame? Might take longer to square the loss but possibly much less worry about blowing up the lot sizes and the account. Just a suggestion - maybe the signals are less reliable on the lower TF, don't really know, but in any case it does need a revamp to be able to use lower mart multiples. In its present form the EA is a scary MF
Pavel Yakovlev  

Hi!

The EA uses only three orders, so you can not get 125 lots if you started from 1 lot. Yes, it can scare, but an expert with these settings shows stable results for many years. Nevertheless, I understand you and in the future I plan to add alternative settings. In addition, in the new version you will be able to customize the multiplier lot.

Aussie Trader  
Pavel Yakovlev:

Hi!

The EA uses only three orders, so you can not get 125 lots if you started from 1 lot. Yes, it can scare, but an expert with these settings shows stable results for many years. Nevertheless, I understand you and in the future I plan to add alternative settings. In addition, in the new version you will be able to customize the multiplier lot.

Thanks for your understanding and very positive response. I look forward to the next version
Aussie Trader  

I see the new version is so much better and much less stressful to trade. Good job Pavel :)



Aussie Trader  
Aussie_Trader:

I see the new version is so much better and much less stressful to trade. Good job Pavel :)



Unfortunately if we go back a bit further I see that it crashes. So my conclusion is that the EA is heavily optimized for the near past but could do anything in the future - that includes blowing up the account. I would be happy to be convinced otherwise :(


Pavel Yakovlev  
Aussie_Trader:

Unfortunately if we go back a bit further I see that it crashes. So my conclusion is that the EA is heavily optimized for the near past but could do anything in the future - that includes blowing up the account. I would be happy to be convinced otherwise :(


Hello!

This version does not yet have new settings, which I promised to add. Please use the default settings. Or if you want to use lot multiplier = 2, then try these settings :)

Aussie Trader  
Pavel Yakovlev:

Hello!

This version does not yet have new settings, which I promised to add. Please use the default settings. Or if you want to use lot multiplier = 2, then try these settings :)

Yes, I ran the test again for the same period using your set file, the main difference being "addorderclose" must be "ON" which makes the EA close open orders when there is a change in trend direction. This option works a lot better - it takes the losses when they should be taken and reduces the scary martingale, with less potential for a crash. A much better result.



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