Cash Cow - 384.37% over 6 months

This is an EA that I got from one of my mentors that he claim making good profit but I don't believed. I have a VPS and I don't use it after a while so I just load this EA on to it until the contract of the VPS lapsed.

I forget all about it until recently when I checked and it shows result of 384.37% fully automated without my intervention since March. I would expect it to blown soon but it survived longer than I have expect it to be, so I just put it up for everyone who is interested. You may further tweak it for a better performance but the default is the setting that keep it running for the past 6 months.

This EA has been running on GBPUSD @ 1 hour timeframe. It is martingale based.

Take profit was set on 60 pips and Stop Loss @ 15 pips.

I do believe that this EA is a rename of some free EA floating around but I am not too sure of which. But hey, I got it FOC, and you get it for free, too. It will be satisfying to know which EA was the originator of it.

Anyway, hope you can make some consistent green pips out of it.

Kudos welcome.

http://www.4shared.com/file/k788YKni/Cash_Cow.html

http://www.freeimagehosting.net/uploads/24aa0d903a.jpg

I have been looking for this some time as I heard some good things on a South African site. Any chance you have the manal version of this as Im not to keen on EA's and I know this was created of the original manual version.

Kudo's in advance

I will be delighted to know about the manual system as well but this is all I have.

Let see if anyone who recognized this system and able to provide or point to the right direction for the manual.

dinj,

As I mentioned earlier, I don't believe in this EA in the first place, but the forward test that I have done, even though more of unintentionally, proved that this system has its reason for existence.

I don't like this system because it is martingale based, and sometimes it does take up to 13 levels before turning into profit, and if your account size is small, I would not advice you to take it. From the experience shared by my mentor, you will need at least 5000 to ensure that you will not run into trouble.

Besides, this EA is good in providing you a linear growth as you can see from my forward test result.

Thank you for sharing synergy

Indeed, back test is not good.

http://www.imagecheese.com/gallery/gu.gif

I expect to live test

Regards

first positions opened with a 15 pip sl a sell at 1.4714 gbpusd,its right now 10 pips in profit..

the tight s/l feature is encouraging,additionally it sold gbpusd when i wanted to sell manually.

yes ,just down 37 percent in a few hours.more toxic than most martingales.

still am running demo till it goes one way or the other.

now not only the 37 percent loss recovered but it is up net 11 percent.

this is high octane mt4 gambling.i would sure love to give it a hundred bucks on a dedicated cent account.

i must vouch that probabilities have been worked on this strategy and it is quite possible that the gains of 384 perecent are quite real as mentioned by our kind contributing and sharing member.

Interesting.

I didn't expect the backtest of any martingale to make miracles, but I didn't expect it to blow very frequently.

Now wonder why. This ea can't be backtested, because of this:

while (l_count_24 < 5 && !IsTradeAllowed()) {

l_count_24++;

Sleep(2000);

}

That 2-10 seconds sleep or more are inside a for cycle on an openorder function, and the backtests ignore all sleep functions. I don't know how important that is, but i guess it deservers a forward test.

I have checked back my notes and based on those notes, the following will be my understanding of the working for this EA.

1. GBPUSD pair according to the author of this EA, has a daily range of 90 pips movement. So it is quite realistic to make 60 pips daily from this movement if not greedy.

2. The movement is realized during Europe session, thus the time setting of the EA.

3. This EA enters market the minute the time hits the start time defined in the EA, that means this EA does not care if it is a UP or DOWN trend at the moment. With regards to 1. the market will have the movement and as a result, guarantees the 60 pips profit.

4. With the 90 pips movement, if the direction is wrong, you still have 75 pips range to correct it. Just that this assumption is not 100% correct all the time, especially during year end when the market is almost stagnant. It is thus advice not to trade in December.

5. You can decide whether when the trading time starts, the EA will first make a long or short trade but setting it in the EA settings.

6. The EA will reset itself when it hits TP, thus reducing the risk of blowing the account. Again, this can be turned off, with greater risk (or profit).

7. This EA will doubling up for 26 levels, but if you hit 17th level, unless you have a large balance you are likely blown your account by than.

8. Do not turn on this EA for 24 hours, whipsaw will kill your account before you know it.

9. Please adjust the lot size accordingly for 4 digit and 5 digit broker.

http://www.multiupload.com/ML1XV52BNN

first day of forward testing,net profit 13 percent and darwdown 36 percent.mainly profit came from an 8 lot gbpusd position.

FOREX.com forward test, using synergy's settings:

http://www.mt4i.com/users/cash_cow

We'll see how long this survives.

"9. Please adjust the lot size accordingly for 4 digit and 5 digit broker."

Does the EA trade with 5 digit broker?

I tried it with Interbankfx and it says:error openingorder-invalid stops even though I adjusted stop,profit and slippage for 5 digit.

Any help?

Thank you