Hello Fellow Traders.
I wanted to build a Scalping EA based on the Price breakout strategy based on the price breakout scanner. http://www.mql5.com/en/market/product/4859
Unfortunately, due to heavy computation involved in identifying price breakout patterns (http://fxpricebreakout.ucoz.com/index/software/0-5), I had to stop building this Scalping EA on its experimental stage. I could not make any more progress.
I think still I can't find a ways of reducing computation in identifying price breakout patterns. Implementing full algo it will takes too long time to run back test.
I implemented rough algorithm on the EA Beast to save computation but the accuracy also decrease too with the rough algorithm. So it only shows the good potential but no more at this stage.
So Price breakout pattern is better suited for manual trading only so far I guess.
Anyway, anyone has adventurous mind then you might try this EA on demo account. This is absolutely free.
Note that this is experimental EA and educational EA only although there is no restriction to use this EA on your live account.
But use them with your own caution and care. EURUSD H1 time frame only. This is free EA.
Hopefully you guys will have some fun playing with this EA on this sticky and boiling summer weather, at least it is true where I am living for the time being.
I attach two back testing test reports based on last 1 year data plus EA as well as the EA Beast version 2.9.
Plus, the best broker to use with this EA is some broker allow you to open as many as open positions as you can (even greater than 300). The EA can work with the broker limiting the number of open positions too like the case of Iron FX. But the profitability will reduce dramatically. Also it is better to use this EA with broker you can have tight stop loss and take profit level.
You are more than welcome to discuss your forward testing results here with this experimental EA. So feel free to use this post to discuss anything related to the performance of the EA Beast. You can also share the parameter sets if you find better one. There are only few parameters to optimize.
Kind regards.
Some free resources for Price Action and Pattern Trading
I wanted to build a Scalping EA based on the Price breakout strategy based on the price breakout scanner. http://www.mql5.com/en/market/product/4859
Unfortunately, due to heavy computation involved in identifying price breakout patterns (http://fxpricebreakout.ucoz.com/index/software/0-5), I had to stop building this Scalping EA on its experimental stage. I could not make any more progress.
I think still I can't find a ways of reducing computation in identifying price breakout patterns. Implementing full algo it will takes too long time to run back test.
I implemented rough algorithm on the EA Beast to save computation but the accuracy also decrease too with the rough algorithm. So it only shows the good potential but no more at this stage.
So Price breakout pattern is better suited for manual trading only so far I guess.
Anyway, anyone has adventurous mind then you might try this EA on demo account. This is absolutely free.
Note that this is experimental EA and educational EA only although there is no restriction to use this EA on your live account.
But use them with your own caution and care. EURUSD H1 time frame only. This is free EA.
Hopefully you guys will have some fun playing with this EA on this sticky and boiling summer weather, at least it is true where I am living for the time being.
I attach two back testing test reports based on last 1 year data plus EA as well as the EA Beast version 2.9.
Plus, the best broker to use with this EA is some broker allow you to open as many as open positions as you can (even greater than 300). The EA can work with the broker limiting the number of open positions too like the case of Iron FX. But the profitability will reduce dramatically. Also it is better to use this EA with broker you can have tight stop loss and take profit level.
You are more than welcome to discuss your forward testing results here with this experimental EA. So feel free to use this post to discuss anything related to the performance of the EA Beast. You can also share the parameter sets if you find better one. There are only few parameters to optimize.
Kind regards.
Attached File(s)
EA Beast_v2.9.zip
18 KB
|
12,274 downloads
Some free resources for Price Action and Pattern Trading
Attached File(s)
Real Time Tick Chart Manual.txt
5 KB
|
2,538 downloads
|
Uploaded Nov 23, 2016 10:12pm
Attached File(s)
Real Time Tick Chart MT4_v1.6.zip
23 KB
|
3,142 downloads
|
Uploaded Nov 23, 2016 10:12pm