I have just downloaded the EA and would like to know as to where I can find the instructions for the settings of this EA.
Any help will be appreciated in the settings of this EA.
This version features compatibility with ECN and extra digit brokers. Money management can be used by setting TradeRisk# above 0.
I did a backtest for DemarkLinesEA 1.1 on my 5-digit broker, with micro lots, 0.01.
And I have got a downtrend of equity graph.
All I did was with default settings, but changed the lots to 0.01.
Did I missed anything ?
Anything else to change ?
Can you help to advise the correct settings ?
I started to trade with trendlines, Fib levels, and price action about 6 months ago.
Once I figured out what I was trying to achieve, (trendline breaks and bounces) I was able to do some research.
The system was created by Tom Demark. Also Mouteki is the same method.
I am running forward tests with this Demark EA.
different TF, currencies, and parameters.
I've concluded that this ea must be used with discretion, and should never be fully automated with the current parameters.
The Trendline supply/demand points. = TD can be adjusted in the EA by adjusting the
LevDP... (2) is the default. I have used setting from 2-8
This EA has potential but needs some work.
In source code.
Void trailing stops, Modify stoploss.
The code was altered before it was released to the public a long ago.
anyone have a new version??
there is a blog from "auto pips", (just google demark ea auto pips) that offers some service.
The guy basically thought it was the holy grail and tried to market it and profit from it. In the end, Im sure it failed.
From Pipcop. website.
The Admin, ran demark EA in a demo for a few weeks, it made $$ so he went live, and the EA got Locked up (failed).
Most people gave up and moved on. (or they tweaked the EA a little and are rich and that is the reason why you dont here anymore about this system.)
Well I've been running it live :demo and I think I can use it live.
Why did everyone move on???
What would you suggest to improve this expert advisor?