RAPTOR Explosion strategy

Hi.
I have been working on a strategy / EA for some time now (i am not doing the programing).

Basically the strategy uses the mentioned RAPTOR Explosion indicator (not created by me) for entry and ATR for target. (ATR divided by 2 to be more precise). When a signal arrow pops up we execute an order (the profit level is invisible)

Stops are on solid level (meaning they are set at one level for all trades for example 20 pips or 500 pips...).

I have back tested the EA and optimized it for a period of 1 year 2013 August to 2014 August, because it seems like this period is more relevant with its' changes then the previous years (before 2013).

Optimizing and back testing show that it works best with GOLD (only CFD i have access to). I will attach the EA, the indicator and some reports so you could see the results of my "research". As for currencies from what i see it is best at lower time frames compared to GOLD where it is most profitable in the H4 TF.

Despite the Total net profit

99 272.50

USD from 5 000 USD account i still feel like something is missing and i'd like to improve the system (targets, filters and so on).

The are probably about 0 people here that are with my broker so feel free to download and test the thingy for yourselves.

Of course i am open to ideas and suggestions on how to change the EA and make it better (as described above).

Have a nice one all,

Emil

P.S. The email named file is the EA, the other ones are the indicator used with it.

The EURUSD15 word document is another test i did on low TF. In comparison with higher TFs like M30 (it showed 5k profit) when M15 made 20k.

Raptor indicator is the well known Waddah Attar Explosion indicator coded about 8 years ago. At least it is the base of your version.

What exactly is your point? :-DD I know i didn't create it :-D I have said it in my first post.

Nothing wrong here. I was just saying for those who use the original WAE.

Wish you all the best with your thread.

Can you explain the rules of this system?

I don't know on what the indicator is based on, but the rules are sort of simple... It gives a signal - we enter, it doesn't give a signal - we don't enter.
There is a bulgarian forum where i saw a strategy using this indicator - it involved looking for the same signal on 3 different timeframes. I liked it and tried to automate it because i miss most of the signals duo to my working schedule.
It didn't work well - at least not well enough for me, so i reworked it a bit and the thing that came out is described in the first post.

so we enter at close candle , where that close candle must have a signal arrow ? whats the period for the atr u r using ?

No, we enter when the arrow pops up! If we enter at the close of the candle we will probably miss the signal if it is too short (in time).

The ATR period i let the optimization decide. It will probably be different for every broker (i am not sure). If you want to be sure run an optimization and see which is the most profitable one. It will also depend on the time frame you are "playing" on.

Just wondering if you are or anyone is still using this EA?