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Thread: EA: Target equal to Stoploss (TP = SL)

  1. #11

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    Quote Originally Posted by scalpmaster View Post
    TP=SL EA (1200% in 2 months!) TP = SL System | Myfxbook

    Is this the one you are looking for? Would be nice if there is the EA to test.
    Wow this graph looks very good but almost to good to be true, when having a quick look over the Monthly Analytics we see that it has an average holding time of only 7 minutes which is great and work on M5 GBPUSD with 2 lots per trade. Its a pretty small TF for TP=SL. When looking a little deeper at the advanced statistics we see that it has a little more loosing trades than winning trades on average, so this would not be possible with TP=Sl , then the balance graph would go south. Looking further it shows Average Win: 7.36 Pips / $307.49 and Average Loss: -3.97 Pips / -$169.14 Then the TP would be nearly twice as large as the SL, am i correct or overlook something here? It would not surprise me if it is a broker that has no spread, but the broker is set hidden. Like civfan have some doubt, me too but not not sure yet. Maybe we can get some more info about broker and EA from Mr. Franz.

  2. #12

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    Quote Originally Posted by carlscott1982 View Post
    Sure, I'll start up an optimization now for the last 6 months and report back in a day or two if it looks viable. Technically its a commercial EA I paid for, but it has no .dll and its not for sale anymore because the usual dodgy guys who were selling it have disappeared, so hopefully I'll be able to post it here.
    Although it is old you cannot post the Forex Enforcer EA here, but i found FXEnforcer_V1 on the net, not sure if it is the same version as you had, but i optimized it for TP=SL but did not find consistent settings for longer period (yet).
    When visual testing i see that it enters two positions simultaniously and closes one at a small target (TP) and a second on a bigger target, so it seems that i cannot set TP the same for all entries. Attached the pdf that came with the EA.

  3. #13

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    Quote Originally Posted by carlscott1982 View Post
    Scalpmaster, maybe set up a thread based on the system you posted there. Looks interesting and maybe Funyoo can set up an EA..?
    Since this thread has no EA, maybe can just post the EA here if it can be coded, not sure if it is the same system posted on fxbook though...
    Last edited by scalpmaster; 10-13-2010 at 06:27.

  4. #14

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    Quote Originally Posted by CycleTrader View Post
    Although it is old you cannot post the Forex Enforcer EA here, but i found FXEnforcer_V1 on the net, not sure if it is the same version as you had, but i optimized it for TP=SL but did not find consistent settings for longer period (yet).
    When visual testing i see that it enters two positions simultaniously and closes one at a small target (TP) and a second on a bigger target, so it seems that i cannot set TP the same for all entries. Attached the pdf that came with the EA.
    Hi CycleTrader,
    I use version 4, but hopefully it has the same logic as your version.

    Here is a set optimised for the last 6 months, SL=55, TP=160 (it does however have break even logic, so wins will not always be that high). Currently set at 5% risk for low DD.

    It should open 1 position and cash in half of it at TP and let the other half ride. This is actually annoying, because the other half *ALWAYS* gets out at a worse price. Strangely, it can't be turned off (unless you know how to code). I'd like to see how profitable this set would be if it cashed in all its chips at TP....

    *note* I have not posted the EA

    C
    Attached Files Attached Files

  5. #15

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    Quote Originally Posted by scalpmaster View Post
    Since this thread has no EA, maybe can just post the EA here if it can be coded, not sure if it is the same system posted on fxbook though...
    Yes, would be great if it could be coded.
    I was wondering where your "SL&TP Trading System.zip" originally came from?
    Last edited by CycleTrader; 10-13-2010 at 21:21.

  6. #16

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    Quote Originally Posted by carlscott1982 View Post
    Hi CycleTrader,
    I use version 4, but hopefully it has the same logic as your version.

    Here is a set optimised for the last 6 months, SL=55, TP=160 (it does however have break even logic, so wins will not always be that high). Currently set at 5% risk for low DD.

    It should open 1 position and cash in half of it at TP and let the other half ride. This is actually annoying, because the other half *ALWAYS* gets out at a worse price. Strangely, it can't be turned off (unless you know how to code). I'd like to see how profitable this set would be if it cashed in all its chips at TP....

    *note* I have not posted the EA

    C
    Thanks for your optimized set.
    From your explanation it sounds that it trades the same as my version 1.
    I will try to use your set with it and see what it does.

  7. #17
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    Hi:
    Is this thread for
    Originally Posted by scalpmaster View Post
    TP=SL EA (1200% in 2 months!) TP = SL System | Myfxbook

    Is this the one you are looking for? Would be nice if there is the EA to test.
    or ForexEnforce? or Anything else that fit into TP = SL or TP>SL ? I have been using RSI_MA scalper and changed the setting to SL = TP (55/55) and it seem to give a good results as well.

  8. #18

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    Quote Originally Posted by 4x4me View Post
    Hi:
    Is this thread for
    or ForexEnforce? or Anything else that fit into TP = SL or TP>SL ? I have been using RSI_MA scalper and changed the setting to SL = TP (55/55) and it seem to give a good results as well.
    Hi 4x4, anything that fits into TP=SL would be fine I think. And if any good ideas or systems come to the surface maybe we can make seperate threads for them. Two questions on RSI MA SL=TP: Is it Lordorly's version? and are you using oppositeclose on? Looking at a lot of my trades, I often think I should adjust it to let the good trades run on for longer, offset the bad ones (like is happening on EU right now)

  9. #19
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    Quote Originally Posted by carlscott1982 View Post
    Hi 4x4, anything that fits into TP=SL would be fine I think. And if any good ideas or systems come to the surface maybe we can make seperate threads for them. Two questions on RSI MA SL=TP: Is it Lordorly's version? and are you using oppositeclose on? Looking at a lot of my trades, I often think I should adjust it to let the good trades run on for longer, offset the bad ones (like is happening on EU right now)
    i am using with Lordorly's version, but my SL is 55 no matter if I close TP = 8 or 12. I set to close if hit SL. But, When I ran back test with TP = SL, it actually had better profit with less DD. So, I start using that setup in live account with small lot size right now for the test run. So far, so good. I am going to do some modification to that EA to fit my own trading and what I think it should be. EA that funyoo made has so many options that doesn't need/use (since he uses templates), I would like to remove it from the EA and add the things that i think it is important. i.e. close when it is in profit by hh:mm. Make GMT automatically adjust per broker, etc..

  10. #20

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    Quote Originally Posted by CycleTrader View Post
    Yes, would be great if it could be coded.I was wondering where your "SL&TP Trading System.zip" originally came from?
    Yes, an EA would be the best way to analyse/test the system...I wonder where that zip file came from too...

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