I'm excited! I achieved a 1387 profit facfor for my EA

Trading Systems Expert Advisors and Automated Trading
#1

I’m excited! I just created an EA with a profit factor of 1387.
:smiley:

This is a semi automatic EA. This EA works in ranging market, user must enter highest price, and lowest price inside a range. User must close all trades manually when price move outside of market range or set stop loss. This EA is very profitable when the market is ranging. It can achieve more than 95% win rate (long & short).

Free EA Name: The Forbidden Fruit EA
Creator: Cuong V Truong
Download link:

[B]Settings[/B]:
(Price range should only be around 200 to 250 pips)

[ul]
[li][B]PriceMustBeLower[/B]: highest price inside range
[/li][li][B]PriceMustBeHigher[/B]: lowest price inside range
[/li][/ul]

The EA will automatically divide price inside the range by two.

[ul]
[li]If price is above the 50% price line inside range, EA will only place sell orders.
[/li][li]If price is below 50% price line inside a range, EA will only place buy orders.
[/li][/ul]

#2

Hi
How does your ea will handle and control usa and Europe time from loss when there is big news

#3

[QUOTE=“Cryptocurrency;744463”]I’m excited! I just created an EA with a profit factor of 1387. :smiley: <img src=“301 Moved Permanently”/>[/QUOTE] are you sharing EA ?

:blush:

#4

I haven’t created a function to prevent the EA from placing trades during the London session.

#5

I’ve just added a download link for my Free EA: The Forbidden Fruit EA at the top of this thread. Enjoy!

#6

Here’s two loaves of bread and three fish. The rest is up to you.

Timer.jpg700×493 20 KB

Personally, I see you’ve done nothing to improve your backtesting data. I hope you’re not using that awful compiler you recommended. And we’ve seen how your trading operators. This bot will probably destroy your accounts soon. Just as well you’re demo trading.

#7

Please send the MQL4 file in zipped file i’ll look at it later.

#8

Let’s say if you want the EA to trade inside a range of 200 pips and you want the EA to stop trading if price exceed 200 pips. You can set the stop loss to 201 or 202 pips.

#9

Crypto,

Do I read it correcty that you have an SL of 5000, a tp of 10 pip, a leverage of 1:500 and 1647 trades in one day? If so, is the strategy that you jump in and wait until +10 pip?

I also see a max. number of orders open is 150. When that is the case than you are open with 1,5 lot ($15) per pip then you are 60 pip away of being broke again.

I understand, a profit is a profit. But don’t you think you are risking a bit too much and is it wise to share that EA to other traders?

#10

What about all your other systems, have they been binned now?

#11

Did you see the stop loss post earlier?

#12

Crypto, I think you mean this post. No I didn’t see it. I just reponded tot the paramters of your backtest. While backtesting you cannot manually move the SL, so the strategy is tested with a SL of 5000 pip. But I understand from this post that you need to move the SL manually?

So you suggest an SL of 200 pip for a TP of 10 pips?

Honestly trying to understand.

#13

Let’s say, the support & resistance range is 100 pips. Stop loss is 101 or 102 pips.

#14

What is for you a pip? 4th digit or 5th digit. A support range of 100 pip on a M1 is rather large.

#15

I use 5 digits broker. Only you would know your risk tolerance. It’s up to you how u want to use this EA. Or, not use it at all :slight_smile:

#16

I also use a 5 digit broker, but a pip for me is the 4th digit. if you consider the 5th digit as a pip this means that you actually made 10 pip instead of 100 pip. What would explain the 200 pip range that you mention, you actually mean 20 pip range.

See also: What is a Pip in Forex?

0.0001 = a pip
0.00001 = a pipette

When you use the 5th digit as a pip, this is a fractional pip. There is a difference. Hence my question.

#17

To find out the pips range I used.
Enter the price range values as shown in test result in first post of this thread.
Then use ‘crosshair’ tool in mt4 platform to measure.

#18

[QUOTE=“Cryptocurrency;745660”]To find out the pips range I used. Enter the price range values as shown in test result in first post of this thread. Then use ‘crosshair’ tool in mt4 platform to measure.[/QUOTE]

Why am I working so hard. Put up a chart.

#19

Hi,
Thanks for sharing that.
I have two problems…

  1. Where I have to put the .set file?
  2. I have put the same configuration, but how I can active the indicator?

Thank you so much.

#20

.set file is a template for chart. You must take it on template folder of your metatrader instalation.