i dont see the time filter the only thing that i see is open trade for 48hrs i have been running 24hrs maybe better to run for certain hrs of the day i dont know i do not have that version to test it! i think you can never have the best setting as the market is always changing, but you have to decide what is a good return for you 10-20% per month at 2.793 on 8000 account 10 and step 30 yields 1237.17 with 8.09 draw thats pretty good i think, let me have your feelings on the matter?? i think you could probably get more with messing with the step and take profit i am working on that now!
I agree with all of your points. Since the market is always changing, we wont find the perfect settings w/o constant optimization (daily or weekly). Yes, 10-20% per month is very good considering the fact that we are sleeping while the EA is making money. I think that an extra $1-3K per month would be a great second income!
Good Job! Keep us posted on your findings!
well messed with the step and take profit this is what i came up with with draw under 20% there are some good numbers like draw of 23.23 take profit of 60 and step of 38 gives 9470.48 profit with a profit factor of 13.71 thats pretty big!!!!!!! my setting of 2.793 take profit of 17 step of 30 draw of 15.54 total profit of 2864.71 profit factor of 3.31 off 5000 account using .10 mini 1/01/2009 to 1/30/2009 dates!
what does the new addition giving you beside majic number?? thanks
hi everybody ...here's my results for last week test on demo..
I was pleased with the final number..
Funyoo want us to keep updates..so here's mine
Thanks funyoo for Ilan1.4 (TimeFilter) - and your countless other contributions.
I tried backtesting & optimising it for hours on the last 3 months of eurusd h1 and the results were:
- TimeFilter=false; Total net profit 4776.41
- TimeFilter=true; Total net profit 5175.31 - StartHour=18; EndHour=15;
I just entered 0 for start, 23 for end (should it be 23 or 24 to get the whole day?)
There are some combinations to be avoided - but some of them are probably
specific to the period.
fxpro 5 digits
MMType=0; UseClose=false; UseAdd=true; LotExponent=1.667; slip=30; Lots=0.1; LotsDigits=2; TakeProfit=1400; Stoploss=500; PipStep=40; MaxTrades=10; UseEquityStop=false; TotalEquityRisk=20; UseTrailingStop=false; UseTimeOut=false; MaxTradeOpenHours=48; TimeFilter=false; StartHour=2; EndHour=16;
Bars in test 2454 Ticks modelled 1414210 Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 5000.00
Total net profit 4776.41 Gross profit 16001.81 Gross loss -11225.40
Relative drawdown 19.79% (1065.96)
thanks again for your precious support.
I started about 1 mont ago optimization on ILAN 1.4 with SL, dedicated to low deposit (700 USD) optimization.
Somebody may explain me the parameter "useTrailingStop".
Is it working?? It seems to give better results when enabled.