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Thread: Robot Forex EA

  1. #1

    Default Robot Forex EA

    I found an ea which I have been testing for the last 2 weeks with good results. However, it needs an exit strategy other than closing the current basket of trades in profit.

    I have tried one exit strategy which is a simple 150 stop loss per trade. It has been ok this past week, but it is clear that in a huge trend with low retrace it would blow up the account.

    It also needs to be tweaked a bit to allow for more flexibility. Here are some changes I suggest:

    - Allow it to trade lots smaller than 0.1. It currently does not trade if lots are smaller are set smaller than that.

    - Allow it to trade with fixed lot size as it is currently using some form of martingale. (maybe make the lot multiplier external so it can be changed to 1.00 or any other if desired)

    - Adding any of the exit strategy proposed here : HERE


    I think it is based on ilan EA, but I have tested Ilan and it doesnt trade exactly the same way. The one I have here seems to be better. In backtest it sucks, but that is because it has not exit strategy and left alone will surely blow up an account at some point.

    Attached is forward test done this week with the 150 pip stop loss mentioned earlier (You will see why using that exit strategy will be deadly in a huge trend on the opposite way of your trades and why it would be better to close all trades rather than only closing a few) Also the lot size may be a bit high for the size of the account.
    Attached Files Attached Files

  2. #2
    Administrator funyoo's Avatar
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    Hi tonycashflow,

    Attachment removed, it is a commercial EA (IAPE).

  3. #3

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    Really? I got that from a pack so I did not know. Sorry about that.

  4. #4
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    Quote Originally Posted by funyoo View Post
    Hi tonycashflow,

    Attachment removed, it is a commercial EA (IAPE).
    Can you help me? Where can I buy this EA?

    Thanks a lot!

  5. #5
    Administrator funyoo's Avatar
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    Quote Originally Posted by csoky View Post
    Can you help me? Where can I buy this EA?

    Thanks a lot!
    hI csoky,

    EXPERT ADVISOR

  6. #6
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    Quote Originally Posted by funyoo View Post
    hI csoky,

    EXPERT ADVISOR
    Thank you!

    Oh, so expensive!?
    If it works fine than cheap, but I don't know...
    Too expensive to test it :?
    Did you try it? How works is it?
    Is it safe place to buy EA?

    Csoky

  7. #7
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    The test looks so nice.
    But how it works on real account?

    Csoky

  8. #8
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    Quote Originally Posted by csoky View Post
    Thank you!

    Oh, so expensive!?
    If it works fine than cheap, but I don't know...
    Too expensive to test it :?
    Did you try it? How works is it?
    Is it safe place to buy EA?

    Csoky


    Real good EAs get never sold or published, thats for sure... think about it

    ---------------------------------------------
    pc8multifx's page | Myfxbook

  9. #9
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    Quote Originally Posted by onu View Post
    Real good EAs get never sold or published, thats for sure... think about it

    ---------------------------------------------
    pc8multifx's page | Myfxbook
    Yes! You right.

  10. #10
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    Isn't IAPE a rip off of Ilan?

    I've got both and the code looks more or less the same. Ilan goes back to 2008. When did IAPE start?

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