Rio

People asked me, so here's the link to the EA I am using live. I educated it myself and it's been tested on a live account for months, so I am confident in it.
 

http://www.4shared.com/zip/-SODDALC/pyea52xe.html
 
The EA is not sensitive to time, and does not care about trading sessions or GMT offsets. It will keep trades open over the weekend too (usually a manual trading no-no), and trade through NFP. It is a 24/7 EA. Like I said, it is not smart. It just hedges the market with pyramid trading and averages out losing trades so that your balance doesn't drop. It is usually always got a trade open, so you action junkies will see results fairly quickly.
 
It uses moving averages on the M30 timeframe to guess the direction of the current trend to place it's stop trade levels. It sometimes gets it wrong (using MAs to judge "trend" is always going to be inaccurate), but it doesn't matter because guess what? It hedges.... so even if it gets it wrong, it can fall back onto it's floor stop and average all the trades out in break-even or profit (or insignificant loss if it gets slipped by the broker).
 
nice that you can scalp. I just don't see the point when I can grab 30, 50, or more pip moves with high risk because I am accurate.
 
I suppose if you threw $300K on with this EA, you could live nicely off of it. I'm not trading that much with it (yet!). Manual trading is by far more profitable.

Yes the EA will adjust lot sizes as the account increases in equity. It will take a long time for a $1500 account to hit that point however. You will clearly get better results with $5000+ in your account, but you'll want to run it at the minimum to get a feel for how it works first.
 

 
The market is and will always be the same. When we talk of "changing market conditions", the only thing that changes is the average ranges. Aside from that, once you know how to trade, you can trade anything.
 
If you're trying to scalp, stop. If you're doing this 18 hours a day, you're doing it wrong. You only need a good, accurate move during London or NewYork every day.
If you don't know how to do that, you need education.
 
The inability to hedge doesn't bother successful manual traders in the USA

http://indo-investasi.com/showthread.php/12014-Pyramid-MA-v4-0?highlight=Pyramid
 
Minimum $1500 to start up.
You want a broker that allows microlot (0.01 lots minimum with 0.01 lot step) and hedging. That probably means that USA residents won't be able to find a broker to let them use this EA at all.
 
Always test in demo before going live. You need to make sure that the EA works on your broker, and that it can average out positions in profit/break-even (when it closes all buy/sell positions). Run for a few weeks on demo until you can verify this behaviour. If you don't see it, maybe you need to tweak the settings or try a different broker. If it won't hedge, it won't work!
 
Seems to be the best and most stable EA I have tried.
 
It is not smart at all. It just tries to guess direction of the larger trends, and sets a pile of stop orders in front of itself hoping to catch a few levels. Once it pulls back far enough from the nearest stop order, it will set a floor hedge with slightly larger lot size. If the floor is broken and goes back far enough to nullify the stop order, it will close the hedge out in profit/break-even. It can keep going doing this with multiple floors, but each floor increases the lot size. Eventually if this keeps up long enough, the floor lot size will be quite large and only a small reversal will end up in the hedges being closed out in profit. However with many unclosed floors, your equity gets sucked into drawdown until an opportunity arises for a reversal and the hedges can be averaged out and closed in profit/break-even.
 
That's why having equity is important with this EA, to keep it alive.
Drawdown rarely goes over 10%.
Monthly profit on one pair can be anywhere from 5%-10% or even more. The more equity you have above $1500 to push it into using 0.02 stops minimum, the better. This EA loves volatility.
 
You can try to strategy test this EA, but it will explode an account in the strategy tester. Don't be put off by this, because the MT4 strategy tester sucks and you don't get 100% modelling quality anyway, so it's not even accurate. Many months of live trading on my account says that it doesn't explode. The only thing that will blow it up (should it be working properly in the first place) is trying to overleverage the risk, or some massive stock-market currency crash -- in which case we'll all have bigger problems to worry about!
 
Certainly beats scalpers (which brokers cheat with on live accounts by shifting the spread to make sure they miss their take-profits and fall back onto their stops.)

Ok, here it is at last. PYRAMID XEv2.1
 
This version includes the fix for when brokers meddle with the trade comments, and also adds a new input to allow you to close down all trades and stop trading gracefully, if that's what you want to do.
 
You should just be able to replace XE2.0 with XE2.1 on-the-fly if you have trades open.
 
Check the manual for all information.
 

http://[email protected]/zip/YJD9nFz9/pyxev21.html

Ok, here it is at last. PYRAMID XEv2.1
 
This version includes the fix for when brokers meddle with the trade comments, and also adds a new input to allow you to close down all trades and stop trading gracefully, if that's what you want to do.
 
You should just be able to replace XE2.0 with XE2.1 on-the-fly if you have trades open.
 
Check the manual for all information.
 

http://[email protected]/zip/YJD9nFz9/pyxev21.html

Ok, here it is at last. PYRAMID XEv2.1
 
This version includes the fix for when brokers meddle with the trade comments, and also adds a new input to allow you to close down all trades and stop trading gracefully, if that's what you want to do.
 
You should just be able to replace XE2.0 with XE2.1 on-the-fly if you have trades open.
 
Check the manual for all information.
 

http://[email protected]/zip/YJD9nFz9/pyxev21.html

Ok, here it is at last. PYRAMID XEv2.1
 
This version includes the fix for when brokers meddle with the trade comments, and also adds a new input to allow you to close down all trades and stop trading gracefully, if that's what you want to do.
 
You should just be able to replace XE2.0 with XE2.1 on-the-fly if you have trades open.
 
Check the manual for all information.
 

http://[email protected]/zip/YJD9nFz9/pyxev21.html

Well it seems that there could be a problem with the EA if your broker modifies the trade comment due to some market behaviour (such as a stop or a gap), and I will have to modify the EA to work around these issues. It's basically a string-handling one. The thing is that the EA looks for an exact match of the trade comment to determine how many grid trades and stops it has on, and if the comments don't exactly match, the trade will get skipped over and the EA could get confused.
 
SO... I will have to mod the EA again to fix this, and maybe while I'm at it I will add the "stop all trading" input.

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

How about releasing the source code mql4 to us, and letting us hack at it?
 
5 pips stop loss is actually quite possible, but you'd need to make sure that the stop was above the high/low of the day and you were in very very close to that. Otherwise about 23 pips stoploss is passable with correct MM.

More testing on XEv2 continues.
 
As it turns out, in my debugging I fixed a feature of 5.2, and now XEv2 behaves slightly differently (as was originally intended, actually!)
 
When a pair has a number of averaging trades going, the lot size for each grid trade increases! (this is because 5.2 incorrectly detected the presence of grid trades because it was searching for the wrong comment information, which I noticed and fixed)
What this means is that with no trades open, grid trades will start out at the lot level defined by the money management routines and as defined by risk (you will see this displayed in the chart comments up the top). For a small account that displays "Lots = 0.01", each grid trade will start out at 0.01 lots.
 
HOWEVER, in this version, as averaging trades pile up, these grid trade sizes will GROW.
 
For example, in my testing, I have a lock trade of 0.02, and averaging trades of 0.03 and 0.05, so a total of 0.1 waiting for reversal.
At this level, however, the grid trades are now up to 0.03... and still achieving a lock!
This means that as drawdown increases, so does overall profit to help offset this. It does mean, however, that price has to reverse a lot harder to clear it's book, because the increased size of the grid trade will weigh harder against the averaging lock trades.
 
I believe that this feature can be turned off by setting koef_grid to 0.0, and then it will behave as normal. I have not tested this.
 
I am not sure that this feature is desirable though. If it takes a stronger reversal to clear the book, price may miss it's chance to clear it's drawdown and may even continue further into drawdown. Yes, it will make more money in this state, but it also may lock-up it's ability to make profits the longer price is unable to clear the board... and account equity safety is important.
I think for safety's sake it is better left off, but if you have piles of equity and don't mind the risk, then you could run it with koef_grid enabled like this.
 
I will keep testing it with the koef_grid on, but everyone should understand that I ran 5.2XE with this feature broken and not working for over 6 months, so I am not sure about this feature now that it works .

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

Hi everyone,
 
As promised, I hacked the code of Pyramid 5.2 some more to fix the double grid trade bug. While I was at it, I cleaned up the code and removed some unnecessary bits.
Also I removed all the Russian text, translated it to English, and got rid a lot of code that just put junk on the screen that was unnecessary.
Also I tweaked the preset files, and fixed a few issues with them (namely the EURUSD did not have alfa_lot being 2, which meant that it didn't work on micro accounts!)
Also I imported a EURGBP set file from Pyramid 3.2, and tweaked it for use in this EA.
 
Now everything is all really nice... BUT I have not tested this EA as much as the original 5.2XE... so PLEASE if you use this EA, to do some testing with it before going live.
I am still testing this on a live account. It seems to be doing just fine, however, as it is essentially a trimmed down version of the original with an important bug fixed, and tested to work.
 
Don't forget to read the manual txt file in the archive! It will explain EVERYTHING.
 

http://[email protected]/zip/0wsSZaZx/pyxev2.html?
(Replace "@" with a)
 
...and enjoy free money!

I second those opinions about Don Steinitz. He doesn't know anything about how the FX market really works and will sell you garbage to make a buck. I tried making an EA out of his fractal breakout indicator, and it blew accounts up.