This EA is the Cowabunga System EA modified by denoiser (with RSI filter enhanced). I have then added a "price action" filter.
GU M15. On one year.
Total net profit : 1458.31%
RDD : 29.86%
WOW! If only we could find a way to optimize RISK and REWARD. Working with a zero stoploss requires a large chunk of capital, and a big set of B##Ls!
Last edited by sirkeen; 01-19-2009 at 14:44.
"No one ever went broke by taking a profit"
I would like to check with you. Are you using the scalping method. I ran this EA on my IBFX MT4. It gave me good gains of up to 90+k and then suddenly there were 2 close both with a loss of 30+k. and it brought the total gains down to 30+k.
Please let me know was it a database error or that was possible due to the method used. Does the EA really closes the trade or uses some kind of hedging method.
Rsi's are show the actual trend, the question is only.. can we trust in rsi? or no.. when belive, can lose stop loss..
Last edited by Denoiser; 01-19-2009 at 20:45.
I believe you came up with this EA. Maybe you can have a look at my results and comment why there was a sudden drop. Please share what indicators are involved in your EA. Is it the RSI indicator and the "criteria" to enter the trade.
Like what sirkeen, this EA has a zero stoploss. Does that mean that might be the cause for the 2 major losses of 30+k towards the end of the graph.
On the whole i'm still very impressed with this EA. It's given the most gains i've see so far. But it seems to be applicable when running MasterForex and not IBFX.
Hope you can share your thoughts.
Thanks a lot.
This expert is a Cowabunga system remake, without Moving averages..
The criteria to enter trades: when macd (M15) under macd sellevel, main rsi(H4) under its buylevel, signal rsi(M15) between its sell levels and falling down, and funyoo's "price action" filter, I think this calculate something with the last 2 bar but I don't know exactly, need to ask he about this^^ the long is this parameters reverse.. for me this version Not worked, close all position at -3-4 pip.. no chance to go positive
I mean u need to set up your inputs to harder open position, when do this you get few position with less risk, maybe can use stop loss.. example:Main Rsi(H4) buylevel 20 sellelvel 80
can you put the temple for this mq4