guys, there is alot of marketing hype about a new EA called Magic Machine. Its just another version of this vforce EA! BE AWARE!
Hi fxea,
Good looking results
I did a quick analysis on your statements and came up with the following findings:
*******
H1 (no swap counted)
audusd: -201.30 (-5.39/lot)
eurgbp: +2,224.73 (+246.92/lot)
eurjpy: +4,337.07 (+173.83/lot)
eurusd: -2,630.30 (-64.06/lot)
gbpjpy: +3,596.94 (+211.71/lot)
gbpusd: +2,955.80 (+90.98/lot)
usdcad: +728.54 (+21.35/lot)
usdchf: -2,923.79 (-112.89/lot)
usdjpy: +4,673.33 (+180.02/lot)
*******
H4
audusd: +371.40 (+213.45/lot)
eurchf: -281.51 (+246.92/lot)
eurgbp: -1,520.51 (-1407.88/lot)
eurjpy: +622.23 (+239.32/lot)
eurusd: +549.60 (+210.57/lot)
gbpjpy: -734.20 (-388.47/lot)
gbpusd: +987.60 (+226.51/lot)
usdcad: +1,130.29 (+163.81/lot)
usdchf: +481.59 (+184.52/lot)
usdjpy: +493.17 (+278.63/lot)
*******
As you can see, the results varied quite a bit from pair to pair and TF to TF, though some pairs like gbpusd and eurjpy performed consistently.
This lead me to think that dynamic TPs and SLs might be better, such as ones based on ATR.
The current static TP of 24 is too big for eurusd H1, but might be more appropriate for gbpusd H1 or eurusd H4.
Good strategy should work across all pairs and TFs.
I also noticed that most losses occurred at turns of trends, so an additional trend filter might be of some help.
Just a thought.
Cheers
Last edited by casper; 05-06-2009 at 06:12.
I was wondering about that myself. I posted a couple of questions here: http://www.tradingsystemforex.com/ex...html#post10740
about it. The ATR seems to be okay - the biggest issue I have really seen here is the inability for it to close a group of profitable trades sometimes. I have no idea why it does it sometimes and not others - I'm def missing something here.
Still cant get it to backtest too well on other pairs, this, I think, being the biggest issue. If it does so well on EU it should be able to manage others as well at different settings. Just not too sure what to zone in on. Suggestions?
Please can somebody post .set file which work with 5digit account (f.e. FxPro)?? I allways get error 130, 131...when I change minLots still error 130 and still not trading... Please help. Thanx
Last edited by Deathless; 05-08-2009 at 09:52.
all the year 2008 test..
Profit trades 1442 (90.35%) Loss trades 154 (9.65%) RDD 5.37% (910.83)
Last edited by cimi; 05-08-2009 at 12:51.
This EA has been optimized well from 2007 to current. If you backtest before hand your account will blow up using the set file funyoo posted.
hi,
it's the default settings..as wannaberich says,until 2007 this is very nice,but before not! so it is optional to use ı guess,what you say wannaberich,right?