Hi guys, all I have time for at moment is post these revisions I found. I understand this is a favorable ea with some issues and so I will continue with it later. Unfortunately I don't have any recommendations on this one so you guys will have to discover it all on your own. In fact I barely remember doing this ea.
EUR/USD 5min scapling or similar
Start with the settings in the set file provided and tweak to your liking.
They return a fair amount for the month of June 2013. I suggest you tweak the settings to your liking on the Strategy Tester before going live.
The only weakness in the EA is when there is a major trend change due to a news release (it handles typical high impact news releases fine).
There are about 20 versions I progressed from to get to this one, I was trying to get an Expert advisor that will turn over small profits steadily and every now and again rip out on trend. I ended up this this and I am not sure if I like it yet.
|Symbol||EURUSD (Euro vs US Dollar)|
|Period||5 Minutes (M5) 2013.06.02 21:00 - 2013.06.30 23:55 (2013.06.01 - 2013.07.01)|
|Model||Every tick (the most precise method based on all available least timeframes)|
|Bars in test||6777||Ticks modelled||719666||Modelling quality||90.00%|
|Mismatched charts errors||0|
|Total net profit||356.25||Gross profit||648.94||Gross loss||-292.69|
|Profit factor||2.22||Expected payoff||1.40|
|Absolute drawdown||26.89||Maximal drawdown||74.03 (40.73%)||Relative drawdown||40.73% (74.03)|
|Total trades||254||Short positions (won %)||183 (73.77%)||Long positions (won %)||71 (83.10%)|
|Profit trades (% of total)||194 (76.38%)||Loss trades (% of total)||60 (23.62%)|
|Largest||profit trade||22.26||loss trade||-19.60|
|Average||profit trade||3.35||loss trade||-4.88|
|Maximum||consecutive wins (profit in money)||14 (11.26)||consecutive losses (loss in money)||2 (-26.23)|
|Maximal||consecutive profit (count of wins)||76.74 (6)||consecutive loss (count of losses)||-26.23 (2)|
|Average||consecutive wins||4||consecutive losses||1|