Wednesday 29 April 2009

EA WingMan3_27 back test 01

back test 2009/01/01-2009/03/31
pair: EUR/NZD

EA TurningPoint back test 01

back test 2009/01/01-2009/03/31
pair: EUR/NZD

Tuesday 21 April 2009

EA TurningPoint - forward test 01

these are the forward tests from April 13 - 17
pair: EUR/NZD setting: Gap = 50 SP = 75
pair: GBP/NZD setting: Gap = 50 SP = 75

EA WingMan3_27 - forward test 01

these are the forward tests from April 13 - 17
pair: EUR/NZD setting: Gap = 50 SP = 75
pair: EUR/AUD setting: Gap = 50 SP = 75
pair: GBP/AUD setting: Gap = 50 SP = 75pair: GBP/JPY setting: Gap = 50 SP = 75pair: USD/JPY setting: Gap = 10 SP = 15 Asian session only

martingale rules

since martingale strategy is risky, there are several rules to be followed...

1) with capital 3000usd, leverage 1:500, initial opening lot 0.01, the maximum lot should be 10.24
2) never put SP bigger than or equal to TP
3) close all positions on Friday afternoon, no floatings on weekends
4) always start on Monday

Tuesday 14 April 2009

idea for EA

these are new ideas for new EAs

1) EA TurningPoint
- EA opens order based on CCI indicator
- EA may do martingale

2) EA WingMan3_27
- simple martingale and hedging EA for 24 hours trading
- enhanced from previous version
- not available yet

3) EA Big Bang (previously named as BiggerBetter)
- martingale EA closes bigger lot order at smaller lot order open price
- modification of EA WingMan3_27

4) EA StormChasers
- combination of 9 indicators to open order
- idea by mynes
- not available due to copyright of the owner

5) EA Cayiema-PO
- EA does BuyStop and SellStop continuously until price hit TP
- idea by Cayiema

additional EA

these are some additional EAs probably necessary...

1) EA TrailingStopProfit
- EA trails both StopLoss and TakeProfit

2) EA CloseAll
- simple EA to close all trades/orders

3) EA InstantOrder
- simple EA to order with assigned MagicNumber

pending order

there are many types of pending order strategy...
the important points are the gap between orders and the time to do pending...

1) EA Atlantis-MPO2
- a modified EA from Atlantis PO

2) EA MLPO
- simple PO with multiple layers
- idea by mynor

3) EA mynes-PO
- idea and EA are not available due to copyright of the owner

correlation

this strategy is based on hedging 2 pairs at the same time, for example Buy USD/CHF and EUR/USD, like in EA Turtle Clone by MyForexStrategy
EA closes positions based on different pips as profit...

semi-martingale strategy

this strategy is developed/edited by FXTradepro at ForexFactory...

martingale settings

good pairs for martingale strategy

1) Asian session only
Setting: TP = 20, Pips = 10, SecureProfit = 15, SL = 300
Pair: EUR/GBP, USD/JPY

2) 24 hours trading
Setting: TP = 100, Pips = 50, SecureProfit = 75, SL = 500
Pair: EUR/AUD, EUR/NZD, GBP/AUD, GBP/JPY, USD/JPY, GBP/NZD
Pair: EUR/JPY, AUD/JPY, CAD/JPY, CHF/JPY, GBP/CAD, CAD/CHF

martingale and hedging strategies EA

this is my very first idea of EA...
combination of basic martingale and hedging...
the idea is to get the profit when the market sideways...
EA opens Buy and Sell at the same time (kind of hedging)...
when the market bulls, EA gets profit from Buy and does martingale for Sell...
when the market bears, EA gets profit from Sell and does martingale for Buy...
optional functions are MoneyManagement, ProfitTarget and RenewTakeProfit...
this EA needs huge capital (at least USD3000 for minimum opening lot 0.01)...
the problem is when the market is not strong enough to retrace...

recap:
martingale strategy is doubling the lot when the market is against the order with specified pips or gaps...
hedging strategy is Buy and Sell at the same time...