***Everybody, as a courtesy, please refrain from coming in this journal and warning everyone how bad martingale methods are! I have explained the risks of martingale methods on my other thread and we are all aware of the risks and drawbacks and urged not to trade live until proper testing is performed, thank you.***
I've been asked by several people to post a journal using my PowerSM EA. I will be using only one pair, the Eur/Usd, on a demo account using 500:1 leverage with $100,000 and will be using these settings posted below. I have also changed the expiration date to 3/23/2010 for those who have not updated the EA or are trying it out for the first time.
Please don't ask me to try other pairs or make changes. If you would like to test other pairs or to try other settings, feel free to do so on your own time. I will be using nano lots ($.01 a pip) but doubling the lots in the sequence for a little more added profit. So instead of starting with .01 lots I will start with .02 lots and so on. I have also extended the sequence from 24 levels to 34 levels to minimize the risk of hitting the last progression. The PowerSM Calculator, Template, and the EA are attached in a zip file below for everyone to use as they wish. I will also be letting the EA open a new sequence after it closes one out to show how the EA can perform with opening more than one sequence during my specific trading times shown below. I will post a template for you to make the setup easier so you do have to go through and change the lots by hand.
If you would like to use the same broker for testing you can download the platform here and test as well or follow along using this account # and password:
http://www.instaforex.com/downloads.php
Account#-221690
Investor Password-li3onzf
If you use any other broker, you'll need to adjust your start and stop times based on the broker's GMT time. If you use InstaForex, it is GMT +3 according to the platforms marketwatch time. If your in Central time zone in the states like I am, the EA will start trading at 1:00 a.m. and stop at 11:00 a.m.
Here are the settings:
TakeProfit-40
StopLoss-10
BreakevenStop-25
TimeEntry-True
StartTime-09:00
StopTime-19:00
PriceEntry-False
RestartNewCycle-Yes
LotSequence-0.02;0.02;0.04;0.06;0.08;0.12;0.16;.22;.3;.4;.54;.72,.94;1.24,1.6;2.04;2.6;
3.3;4.16;5.26;6.62;8.32;10.44;13.1,16.5,20.78,26.18,33,41.58,52.4,66.02,83.2
104.84,132.22
Slippage-3
OrderTriesNumber-10
A small note to those who are going to test this out on their own.
If you would like to run the EA 24/5, leave the TimeEntry to True and put 00:00 for your StartTime and 24:00 for your EndTime. Do not change both the TimeEntry and PriceEntry to False!
Also, if you are getting "invalid stops" comment in the experts tab in metatrader, you may have to add an extra "0" to your TakeProfit, StopLoss, and BreakEvenStop to compensate for 5 and 6 digit brokers.
I've been asked by several people to post a journal using my PowerSM EA. I will be using only one pair, the Eur/Usd, on a demo account using 500:1 leverage with $100,000 and will be using these settings posted below. I have also changed the expiration date to 3/23/2010 for those who have not updated the EA or are trying it out for the first time.
Please don't ask me to try other pairs or make changes. If you would like to test other pairs or to try other settings, feel free to do so on your own time. I will be using nano lots ($.01 a pip) but doubling the lots in the sequence for a little more added profit. So instead of starting with .01 lots I will start with .02 lots and so on. I have also extended the sequence from 24 levels to 34 levels to minimize the risk of hitting the last progression. The PowerSM Calculator, Template, and the EA are attached in a zip file below for everyone to use as they wish. I will also be letting the EA open a new sequence after it closes one out to show how the EA can perform with opening more than one sequence during my specific trading times shown below. I will post a template for you to make the setup easier so you do have to go through and change the lots by hand.
If you would like to use the same broker for testing you can download the platform here and test as well or follow along using this account # and password:
http://www.instaforex.com/downloads.php
Account#-221690
Investor Password-li3onzf
If you use any other broker, you'll need to adjust your start and stop times based on the broker's GMT time. If you use InstaForex, it is GMT +3 according to the platforms marketwatch time. If your in Central time zone in the states like I am, the EA will start trading at 1:00 a.m. and stop at 11:00 a.m.
Here are the settings:
TakeProfit-40
StopLoss-10
BreakevenStop-25
TimeEntry-True
StartTime-09:00
StopTime-19:00
PriceEntry-False
RestartNewCycle-Yes
LotSequence-0.02;0.02;0.04;0.06;0.08;0.12;0.16;.22;.3;.4;.54;.72,.94;1.24,1.6;2.04;2.6;
3.3;4.16;5.26;6.62;8.32;10.44;13.1,16.5,20.78,26.18,33,41.58,52.4,66.02,83.2
104.84,132.22
Slippage-3
OrderTriesNumber-10
A small note to those who are going to test this out on their own.
If you would like to run the EA 24/5, leave the TimeEntry to True and put 00:00 for your StartTime and 24:00 for your EndTime. Do not change both the TimeEntry and PriceEntry to False!
Also, if you are getting "invalid stops" comment in the experts tab in metatrader, you may have to add an extra "0" to your TakeProfit, StopLoss, and BreakEvenStop to compensate for 5 and 6 digit brokers.
Attached File(s)
PowerSM.zip
40 KB
|
1,548 downloads
|
Uploaded Mar 26, 2009 2:40pm