It does work with other pairs but results wont be good.
Best result are coming in EUR/USD,GBP/USD and USD/JPY.
vijaykumar parmar
[QUOTE=“vijaykumar;607130”] It does work with other pairs but results wont be good. Best result are coming in EUR/USD,GBP/USD and USD/JPY. vijaykumar parmar[/QUOTE] thanks for the answer. is there a reason why it doesn’t work on other pairs? is it because the spreads are larger?
When you are placing your orders (6 in total) do you just look at the previous 1 candle, or do you look at the previous 5?
Thanks
[QUOTE=“traderjosh;607170”] thanks for the answer. is there a reason why it doesn’t work on other pairs? is it because the spreads are larger?[/QUOTE]
Can you share your results for the past few months per pair?
previous candle only…
I have attached the GBPUSD result of 2013 (jan-dec) from my EA.
Lotsize was 0.18,0.06,0.06 for 5/5, 5/10 and 5/15
thank you Vijay,
can you share your EA with us?
Hi maltedmilkblues
If i have got this EA free. I would definitely share with you. But i have spend time and money to get this from developer.
Also, I have told developer to made few changes and paid for that as well.
so extremely sorry for this. This is not EA which make million dollar or scalper which will make rich overnight.
This the EA developed from ideas and strategy.
I was not keen to spend for EA otherwise i have to wake up midnight 3:30 to put pending order.
But the problem was slippage. Eg If i have place Buy stop 1.30000 STOP 1.29950 TP 1.30050 and even i get 2 pips slippage then risk will be more and rewards will be less compared to my strategy.
so with updated version whatever price the order is triggered the EA will automatically adjust SL of 5 pips and target of 5 , 10 and 15 pips.
Anyhow i dont have to wakeup midnight and happy wiith the updated thing of EA.
regards
vijaykumar parmar
vijaykumar,
Thank you for this contribution.I was just going to ask how you handle slippage and spread. I would think you would have to add spread at least on the buy order in order to get the right TP. Therfore your risk will become higher when spread is added. I like your EA results but live trading with such small sl and tp I think would have different results. How long have you been live trading this? And as someone else asked, how have your live results been?
I have been trading these for nearly 9 Months and so far i dont have any issue.
Around 80% of the time my first target get hits so i dont have loss even if remaining two target did not achieve.
I dont have to add spread or slippage because EA adjust automatically.
Also in term of back test and live result harldy 1% will be vary.
Today, my all three was in lost in eur/usd whearas in gbp/usd all three was in profit.
so accuracy was 50% however it was net profit.
Initially when i was placing order manually i get 1-2 pip slippage.but now with EA there is no issue as if my order trigger 1 pips above buy stop then EA will adjust stop loss automatically as soon as order is triggered.
My todays result i am posting here.
regards
vijaykumar parmar
The beauty of these method is least drawdown. And even with such least drawdown one can easily achieve more than 200% returns over a year which is awesome. Strict stop loss and target. set and forget.
Yes it looks suprisingly effective, probably because of the money management system you have applied to the system. 9 months. That is a good live test. Thanks again.
I suppose any one of us could have a programer create an identical EA. Maybe you can put us in touch with your programmer. Please PM if that would be better.
Thank you Vijay, can I have the programmer’s contact?
[QUOTE=“maltedmilkblues;607518”]Thank you Vijay, can I have the programmer’s contact?[/QUOTE]
I think Vijay is the programer?
[QUOTE=“vijaykumar;607345”] I have attached the GBPUSD result of 2013 (jan-dec) from my EA. Lotsize was 0.18,0.06,0.06 for 5/5, 5/10 and 5/15 <img src=“301 Moved Permanently”/>[/QUOTE]
Looks great!
In your backtesting… what did the worse month look like?
Yes…i am also programmer…but this EA i have developed 1 year back when i havent learn MQL language.
regards
vijaykumar parmar
The worst month is also with positive result. so far last 5 year there is not a single losing month from the backtesting both in eur/usd and gbp/usd.
vijaykumar parmar
Forgive me if this is a beginners question! Do you need to set the trades at exactly the time a new candle is formed? So for me that is 6am, or would it do at say 9am?
As soon as the new candle is formed you have set the trade.
[QUOTE=“vijaykumar;607604”] As soon as the new candle is formed you have set the trade.[/QUOTE]
What close do you use? The NY close?