Hi Guys
I’m not new to trading but I am new to EA’s and I’m looking for opinions on this one.
This is s free EA, you can find it just by googling the name “Double Parabolic SAR EA v2
”. It’s from the Trading System Forex forum. I can’t post a link or I would…
In the attached Zip file you’ll find the EA, the set file and my back tests for Jan 07 until today (EUR/USD)., which netted:
- 1 Hour Chart=12128
Pips with Relative draw down of 19.6%. (90% Modeling Quality)
2)4 Hour Chart=15000 Pips with Relative draw down of 22.2%. (90% Modeling Quality)
The set file uses 4% risk. .10 starting lot size and was tested on a $20,00.00 account.
The EA is based on PSAR and uses Martingale as MM. This is obviously risky but when you consider that it survived 2007-2008 which had some really wild swings, I would say that it’s pretty darn good!
The only down side that I see are the amount of consecutive losses in comparison to losers.
I think that this thing looks really good but I would like to get opinions from others with more experience who can better explain what the relative draw downs etc. mean…
Thanks!
Double PSAR .zip (276 KB)