Cowabunga System EA

[funyoo]

Here is the Expert Advisor based on the popular Cowabunga System.

Note that the EA is not complete. There is not the Last High/Low Swing SL and the exit at round numbers. The code is designed for M15, but you can test it on the time frame of your choice.

EU M5. On one year.

Total Net Profit : 93.45%
RDD : 29.54%

[sirkeen]

I get an order send error 4501 when running with FXDD backtest.

[funyoo]

I get an order send error 4501 when running with FXDD backtest.

I have tried the code on FXDD. I get only an OrderModify error 1, an error that occurs when the modification has already been made. It can be ignored.

What are your settings/pair/timeframe ?

[sirkeen]

GBPUSD and M5..

[funyoo]

GBPUSD and M5..

I have no error with GU M5 on FXDD. You are testing it with the set file attached to post#1 ?

[forexcu]

I have no error with GU M5 on FXDD. You are testing it with the set file attached to post#1 ?

Hi funyoo...I'll be testing this EA also en FXDD when I get home..just wanted to check the time setting if there's any.

thanks alot and really god job

[funyoo]

Hi funyoo...I'll be testing this EA also en FXDD when I get home..just wanted to check the time setting if there's any.

thanks alot and really god job

Hi forexcu,

For this one, we don't need time filter. There is only few trades per year.

[mel8331]

I want to contribute an indicator that points out the MA crossing.

[mel8331]

From the Strategy Tester report, profitable trade is 96% and the consecutive losses is 1, can we have a limited Martingale system here, where when it losses, it will double the lot size the next time BUT need to limit the number of time it does that, since consecutive loss is 1 time, maybe the Martingale should be limited to 2 or 3 times. That way it will make this an even more profitable sytem.

[funyoo]

Thanks for the indicator.

From the Strategy Tester report, profitable trade is 96% and the consecutive losses is 1, can we have a limited Martingale system here, where when it losses, it will double the lot size the next time BUT need to limit the number of time it does that, since consecutive loss is 1 time, maybe the Martingale should be limited to 2 or 3 times. That way it will make this an even more profitable sytem.

Yes but there is no SL TP here only a TS. The martingale could generale a big hole. I have not tried with a SL and a TP. I don't think that it will be the same ratio.