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Thread: FT_Scalp Parabolic MMR

  1. #11

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    Also, if you are using this EA, please, please be very careful! The drawdown can blow up an account quickly with MAXorders set too high. I found it best to optimize and backtest after changing MAXorders to 1. A lot of the profit you will see when you optimize is due to all the multiple trades-- but unfortunately unexpected drawdowns can and do occur in real life with this EA. I am only to the point where I would consider it for MAXorders = 1. Even with this, I have scrapped many pairs and sets. I currently forward test it with EURUSD M5, but there are many other EAs on the Demo Acct, so I cannot show you anything meaningful. It is a little ahead over three weeks and will occasionally catch a pretty good ride. I will post the set I am testing tomorrow, when I can get to the other computer, but strongly recommend to be very careful and look for good profit factor and low drawdown when optimizing for your broker. Funyoo added this for us and it kept me from scrapping the EA. I got excellent results backtesting it in reverse = true, but the forward testing in reverse always had extreme drawdowns, so now I just test in forward mode, reverse = false and only use MAXorders = 1. If I have luck forward testing with that, then I will move the MAXorders up in the optimization process.

    Chili
    Last edited by Chilibowl; 09-12-2010 at 22:54.

  2. #12

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    I posted set on 2nd previous post by editing.

    Chili

  3. #13
    Administrator funyoo's Avatar
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    Quote Originally Posted by Chilibowl View Post
    Also, if you are using this EA, please, please be very careful! The drawdown can blow up an account quickly with MAXorders set too high. I found it best to optimize and backtest after changing MAXorders to 1. A lot of the profit you will see when you optimize is due to all the multiple trades-- but unfortunately unexpected drawdowns can and do occur in real life with this EA. I am only to the point where I would consider it for MAXorders = 1. Even with this, I have scrapped many pairs and sets. I currently forward test it with EURUSD M5, but there are many other EAs on the Demo Acct, so I cannot show you anything meaningful. It is a little ahead over three weeks and will occasionally catch a pretty good ride. I will post the set I am testing tomorrow, when I can get to the other computer, but strongly recommend to be very careful and look for good profit factor and low drawdown when optimizing for your broker. Funyoo added this for us and it kept me from scrapping the EA. I got excellent results backtesting it in reverse = true, but the forward testing in reverse always had extreme drawdowns, so now I just test in forward mode, reverse = false and only use MAXorders = 1. If I have luck forward testing with that, then I will move the MAXorders up in the optimization process.

    Chili
    Hi Chilibowl,

    Thanks for sharing your experience.

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