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Thread: ErrorEA - Great looking Scalper that needs to be reworked

  1. #1

    Default ErrorEA - Great looking Scalper that needs to be reworked

    Hi Funyoo and all coders:

    Here is another EA that was just posted on the Mq4 Codebase forum. Apparently it is supposed to run on EU H1 charts. I have backtested and optimized with amazing results. However, there are several strange things about the EA that need to be looked at. The EA only buys - no sell orders are ever issued. The EA trades a lot and the profit factors and win ratios are incredible however it appears the money management does not work - at least not on my FXDD test platform.

    I tossed the EA on a live account just with .01 lots on Friday for testing and in the last few hours of trading it closed 4 separate profitable trades. I'm hoping that the coders here can have a look at this and figure out what's going on "under the hood" and perhaps make some improvements. If it runs live like the tests show, this could be a monster!

    GG
    Attached Files Attached Files

  2. #2

    Default

    Quote Originally Posted by Telac View Post
    Hi Funyoo and all coders:

    Here is another EA that was just posted on the Mq4 Codebase forum. Apparently it is supposed to run on EU H1 charts. I have backtested and optimized with amazing results. However, there are several strange things about the EA that need to be looked at. The EA only buys - no sell orders are ever issued. The EA trades a lot and the profit factors and win ratios are incredible however it appears the money management does not work - at least not on my FXDD test platform.

    I tossed the EA on a live account just with .01 lots on Friday for testing and in the last few hours of trading it closed 4 separate profitable trades. I'm hoping that the coders here can have a look at this and figure out what's going on "under the hood" and perhaps make some improvements. If it runs live like the tests show, this could be a monster!

    GG
    It seems there is a small typo in the coding, to let it also place sell trades, replace this line:

    Xobv1=iADX(NULL,0,14,PRICE_HIGH,MODE_MINUSDI,0);


    By this:

    Xobv2=iADX(NULL,0,14,PRICE_HIGH,MODE_MINUSDI,0);

    To me the DD is very high, the stop is a factor 100 higher than the target and can easily blow the account, but maybe someone is able to find decent settings.

    Attached the corrected EA
    Attached Files Attached Files
    Last edited by CycleTrader; 10-25-2010 at 19:54.

  3. #3

    Default

    Hi Cycletrader,

    I also got that little fix and applied it. There still seems to be something strange about the code at least as far as backtesting goes. I'm getting strange results that don't make a lot of sense. However, with that said the results that seem decent are for a small TP of 2 to 4 pips and a SL of about 60 or so. I'd really like to see what results could be acheived by making a few changes to the EA: First, just checking the code for backtest friendlyness, adding a hidden TP/SL so that you can actually set it to grab 2 pips and by adding a time filter. It trades constantly so even if you can get a small ratio going in your favour, the profits can be nice!

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100, backtesting, coding, funyoo, high, hours, live, live account, money, mq4, profit, profitable, scalper, stop, time, trading

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