Try My EA! Need Group Feedback...

Your Chance to help prove a system!

What you get: Download my free EA. No subscription, no limitations, works on demo and live accounts.

What I ask for: Please create and link to a trade explorer running this EA on XAUUSD on any demo account and trial run for a minimum of 2 months, preferably much longer. Please post a response with a link to your explorer and make it completely public, including lot size and profit. It would be helpful if you use the option to have the returns show in your signature, too. I need to prove this works for many people profitably over a long period of time.

WARNING: Please do not run on a live account, until you can see yourself it works in demo over a good period of time. If you go live, it needs minimum $1000 balance to trade 0.01 lot size. More details below.

Now for geeky stuff...:nerd:
This EA makes steady, smaller profits, more and faster when the market trends, slower and less when it ranges. It takes some time, please don't run it for a week and quit, your short-changing yourself. I made 50% in a month, but my expectation was 6-7% a week. I had it not close trades for 2 weeks, then close 30 trades in 2 days with FOMC, and over 10% profit. So, be patient. I've learned from real life trading slow and steady wins the race. I've manually traded up 700% in 3 weeks, but the math just doesn't work out for that to last long. My broker offers 1:300 leverage, so 0.01 XAUUSD takes about $4.25 margin to open. What this means mathematically is your account's leftover free margin determines the profit potential, drawdown tolerance, and account survivability. This EA will automatically increase the lot size as the account grows. To witness this, I recommend using demo account with large size, at least $50,000. The EA will use 0.01 lot size per $1000 in account balance. This is healthy, as the EA max possible drawdown is around 30%. It is physically impossible for it to exceed this limit, BTW, on one cycle. I've never seen it go past 15%.

Settings: leave them as is, do not modify any settings, just have the EA set to live trade, and check the import DLLs box before starting EA. If you must have it trading right away, modify the start time to a few minutes in the future, and the stop time 1 minute before that. If you need help installing, finding the EA in your file folders, or starting up the EA, please use search or Goo-gle. I won't be able to help you on that. This is a completely automated EA, it is also completely hands off, set and forget. Any intervention will throw it off, so if your that type, please open two demo accounts, and link the trade explorer to the one you'll leave alone, please. We all can benefit greatly from this, but we depend on your help to show honest record of the EA's progress.
NOTE: If your broker has very low spread, $0.10, for gold, you may need to use value 30 for gridlevel.
If you get a 130 error message, your broker has a minimum pip distance from price for pending orders to be place. You can change buffer setting to a value of 10 above what your broker's minimum pip distance is. If you don't know, e-mail your broker.
If you close your plateform, or if your VPS acts up and you have to restart MT4, the EA will NOT have kept track of floating equity to hit profit target. You will have to close trades, and start over, otherwise the EA will use whatever the equity was at start of MT4, which will most likely net you a loss.

This EA can have a high number of open orders that have to be closed at the same time. What this means is you need good latency with your broker. If I were a better coder, I would use actual calculated TP and SL to make the trades close on the broker's side. These values would have to be able to be calculated and modified by the EA frequently as new trades are opened. If anyone is up to figuring this out, please feel free.

Thanks for your help in advance, and your welcome for the EA. It is free, and must remain so. Please do your part to show off the results.

Here is list of current testors:


http://www.forexfactory.com/dambuster/20

http://www.forexfactory.com/spyderman/47

http://www.forexfactory.com/go4/50

http://www.forexfactory.com/kosmo/47

http://www.forexfactory.com/kosmo/80 ...this EA uses special $10 step entry points.

http://www.forexfactory.com/puppet81/19

http://www.forexfactory.com/jpdlegault/79

http://www.forexfactory.com/mucky/77

http://www.forexfactory.com/cescof/68 ...This explorer has custom $2.22 gaps between orders, so we can see the difference.

http://www.forexfactory.com/dgodfrey/11

http://www.forexfactory.com/dgodfrey/00

http://www.forexfactory.com/periphery/60

http://www.forexfactory.com/jstan/67

Also, all the errors and problems in the first page of posts are resolved. This download is latest fix.

Feel free to ask questions, I am working on posting up and attaching my own trade explorer, having trouble with VPS right now.

What is the EA strategy?

Basically, the EA is a technical idea that capitalizes on the potential of probabililty of inevitable outcomes. If the price of Gold were to remain flat at $1200, or be fixed, it would doom this EA. But, since you and I know that won't happen, it is inevitable that price move up or down, and eventually, significantly. Gold was below $1150 just last week. This allows opportunity! This EA is designed with the notion that if we wait long enough (that's why patience is needed!!!) regardless if it is up or down, price will trend far enough away from a starting point to profit. Gold moves the most $$$ per $$$ of margin used, and it trends really well, so that's why I choose it.
The EA has a built in profit taker, which closes all trades when overall equity is within a target. Then it starts again. Once it starts for you, you'll be able to visualize it.

Any more questions?

Can you compile it and post ex4 also ?
I get errors when trying to compile.
Thanks

Sorry, can't post .ex4....what errors are you getting? Are they red ones?

pipster this is very generous indeed, thanks for the upload. can you recommend a timeframe?

also can you share myfxbook or account stats at all to give us an indication? cheers

yes.
Multiple red errors and can't compile . Undefined buy, undefined sell, undefined equity ..so on

The timeframe doesn't matter, since it doesn't use indicators. It's your personal viewing preference.

I use trade explorer, which I will hopefully get attached here soon. The purpose of this is for you guys to share your results. It won't hurt anything to throw this on a demo account for a few months.

hmmm...i'm sorry. anyone else having this problem? can you list each red error?

http://prntscr.com/5cgdrx

Have tried in 2 diferite mt4 and couldn't compile it.
Why can't you post ex4 ? FF has no rule against that

for now try compiling through an old compiler you can download at the end of the first post here

http://www.forexfactory.com/showthre...t=mt4+compiler

When it's compiled, it will spit out a .ex4 for you.

This EA is pre-600 build, so that maybe part of the problem.

my reviews after reading the thread very first

**************upload ex4 file please *****************

1.i want to back test the ea by strategy taster in tough situation sideway and trendy market ..

2.most important for 24 hours running in gold
sometime gold moves sideway for 1 week and sometime it moves 50-60$ in a day one side and came to its previous position and it happens sometime without any news...so we need backtest in these situation and check the result

3. I have gone through aprox all daily ,weekly and monthly gold chart from 1999 to 2014 so we need to do back test in all situation before we run it live account.

hope you see my reviews not as negatively rather than to make this auto trading system more safety

thank you very much

Thank you vm for your input, friend, BUT is it so difficult to compile it yourself rather than ask every single one of us to go through different threads and find the way to compile it.
Come on.
Does it sound impudent from my part?
Thanks.

http://prntscr.com/5cgpvs

Was thinking to check it but too much headache with a mql4 file that does not compile right and apparently i'm not the only one who has these issues.
Maybe another time when something that can be tested will be posted.

I have posted the .EX4 that I have. it replaced the .mq4 file in the first post. Sorry on original, I thought I couldn't post it. Please try running it. Just so you know, you may have to wait up to even a full day before it opens first trades.

well, thanks, but I'm looking for the results from actual trade explorers as reviews. The way this EA works makes it impossible to backtest, sorry. I've already thought it out, and tested it to death for over a year now, so it's already to the place to demo away.

It is funny, but my pc refuses somehow to copy this ex4 file to mql/experts directory. Anyone else has this problem?

I'm not a mt4 expert myself, but when launching this EA, I have to go find it, it doesn't appear in the expert folder, even after you put it there, when you're trying to get it to show on the list to activate it. You have to find the "secret" folder to open it from MT4 open menu. Maybe somebody else can better explain it.