alinik

You can Manupulate the spreads in MT4 for backtesting purposes by using this file from Post #7 here : http://www.forexfactory.com/showthread.php?t=234441
 
please be noted that your internet has to be disconnected during using mt4 over the weekend. otherwise the spread will be automatically changed by broker to odd numbers.

Description:
 
cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=220622877484
 
 
How to receive this file:
 
1. Leave me 'Thanks' on this post.
2. PM me your email address.
 
 
Why does it have to be done like this?
 
Reason being, for privacy purposes.
 
 
To the Moderators of this forum:
 
If there is a problem with the way I am conducting this transaction, please let me know and I will cease conduct.
 
 
KIND ATTN DEAR MEMBERS:
 
THE SYSTEM IS AVAILABLE FOR DOWNLOAD IN THE THREAD. PLEASE READ THE THREAD. PLEASE DO NOT IMMEDIATELY GO TO THE LAST PAGE AND POST UR EMAIL REQUESTING THE SYSTEM TO BE SENT TO YOU. ALL THAT WOULD DO IS ATTRACT EMAIL COLLECTING SPAM BOTS, INCREASE TRAFFIC AND SLOW THE SITE DOWN.
 
MANY THX FOR YOUR KIND CO-OPERATION
 
Herman

You can Manupulate the spreads in MT4 for backtesting purposes by using this file from Post #7 here : http://www.forexfactory.com/showthread.php?t=234441
 
please be noted that your internet has to be disconnected during using mt4 over the weekend. otherwise the spread will be automatically changed by broker to odd numbers.

sorry about that
 
here is both indicators
 
hxxp://www.multiupload.com/AGY6O6TVXB

Guys,
 
Each trade should be taken on its own merit and you need to think of drawdown in the same terms too.
 
Potential drawdown on a single trade depends on how much you've staked and the size of your stop.
 
Because waterskiguy's system is longer term trend following all your trades will naturally already have an edge - hence keep on trading the system with a sensible 2.5% of account stake consistently and your account should grow.
 
Here are some tips to improve on trade selection to ensure that you pick only the best trades and can see some consistent account growth:
 
1. You see a down trend on weekly and daily and an arrow pointing down on the 4H candle which has just closed - do you jump straight into the trade short with a market order? If so, then you've already reduced the odds of your trade succeeding. You may even think that short term RSI isn't too important if it doesn't line up and just home in on the arrow because it's made a noise and grabbed your attention - this too is a fatal move. So...firstly ensure that you follow all rules to the letter every time you trade.
 
2. You see a trend down as in 1. and decide to correctly place a sell stop just below the low of the 4H candle, however when you calculate your swing high you realise it's 300 pips away. Then you look at what's happened to price recently over the 4H, Daily and Weekly charts - has price always stopped at a support level ? How far away is that support level ? If a previous support level has held and is only 100 pips away, then you're best off ignoring this trade and looking for a better one, for the simple reason that the reward of 100 pips isn't worth risking 300 pips to get it.
 
3. You see a down trend as in 1. again, however you've missed the next 4H candle after the one with the arrow on and that next candle went down but zoomed back up to close with a stonking great spike on the bottom. Enter short here with a market order (which you shouldn't be doing anyway!) and you're asking for trouble.
 
4. Draw some trendlines on the charts in all timeframes - ask yourself if your trade makes good sense. Are you looking to go long at the top of a well established weekly channel ? If so, then again you're likely to come unstuck as price bounces off the top of that channel yet again and eventually blows through your stop.
 
As for EA's, the majority of EAs fail because you can't code mechanical exits that work anywhere near as well as manual trader's exits. Manual traders have a feel for market flow, they can see differences in speed of candle formation and can minimise losses. The typical EA has a simple stop of x pips which guarantees that it will kill an account when market conditions change. More sophisticated EA's can get around this problem a bit by using a % of ADR as the stop, but the stop is still nowhere near as manual trader's stop. Good manual scalp traders can get out of a lot of potentially losing trades by just seeing price "stalling" etc. and getting out quick for breakeven. Some EA's are able to place stops at swing highs and lows as required by this system, but then they fail because they can never get the right risk/reward.
 
This system is different to most in that the entry and exit rules are clear-cut. We're placing orders with stop at swing/high low and have a target which is at least as big as the stop or preferably bigger. The bigger targets will come from some chart analysis of S/R levels in different timeframes which is is possible to code into an EA, though not easy. So why not create an EA ?
 
1. The analysis of "trend" is easy to define with the human eye when the rest of a chart is taken into context (something we do naturally). This is where the EA would come unstuck. Also in the additional checks which we may sometimes manually make on S/R levels, trendlines etc. will be very hard to code.
 
2. What is the point of creating an EA in the first place? Most folks want an EA because they're not full-time traders and can't be at a screen all day and some are just lazy and want to turn on a machine which earns them money for doing nothing every day lol. This system requires a maximum of 1 hour analysis each day, if you prefer you could just check the charts once a day for 20-30 mins at a time convenient to you. If you trade this system correctly you won't need to look for the latest marketing scams "Earn $$$$'s per week for 1 hour's work a day" because you already have the capability to do just that (or will do very soon :) ).

Sorry to correct you here, my friend. Found it!:)

http://www.4shared.com/document/boerdDHl/stikky_stock_charts.htm
 
By the way, thanks for your added comments. Thread becoming more and more interesting;)

Very successful scalper EA named after the developer Dr.Dixie. Works best on EURUSD and EURGBP, TF 5M, because of the low spread but open to any pair with low spread (3-4 pips spread).
 
http://www.4shared.com/file/fdPW8-wP/dixie-2010-scalper-dixie-ea-eu.html
 
Important: password: forexisbiz
 
Kudos Plz

FMT EA versus FMT extended versus FMT Turbo
 
From some of the questions I have received, there seems to be some confusion and interest in the differences of the different EAs now floating around related to FMT.
 
There are 3 major variants of FMT-related EAs currently that I know about (feel free to add to my list if I have missed some):
 
(1) Original FMT's EA, sent out free officially by the author: this is a free bonus that comes with the original FMT ebook purchase. Currently the latest version is 4.1. And the upgrades have been sent by the author free to his ebook purchasers. This EA is mainly designed as a tool to automate the basic FMT strategy.
 
(2) FMT extended, is sold by a third party who was a member of original FMT customers: During the weeks of many discussion on the FMT author's official blog's thread, there were many members who experimented with variations of FMT, in terms of entry rules, exit rules, currency pairs, entry times, etc. And one such variation was to extend the qualifying entry time for FMT trades. Eventually, that member decided to modify the original FMT EA to suit his purpose of looking for trade during a "period" of qualified time. So instead of looking at trade only at 6:30 am London time, he now looks at anytime from 6:00 am to 7:00 am (I am not sure of the ending time here), if a trade qualifies here at any time, the EA places the trade. The EA was initially offered for sale on FMT's own thread. Needless to say, that caused some issues with the other members. So he now sells it at his own web-site.
 
(3) FMT Turbo EA: This is the latest EA offered for sale by the original FMT author. Although this EA is related to FMT, the author considers this is far more feature-packed than is necessary for the basic FMT trades. So he considers this as a separate product, and he is selling this for a price. It offers all the features in the FMT extended EA of (2) above, and then it also pack many more features, too numerous for me to list here. The price is cheaper than the original FMT system (ebook + free EA). If not for the fact I only trade manually, I would have purchased the Turbo too myself.
 
In summary, although I do not use EAs myself, my understanding is this, if you already have the basic FMT ebook and EA, you are already set. As the original system is still profitable. But if you want the extra features beyond the free EA, I would recommend the author's Turbo version over the unofficial version of FMT-extended. From the way Mark has been supporting the original version and EA, I believe you stand a better chance that your new EA Turbo will also be upgraded and supported in the future for free. And not to mention the fact that it is far more feature-packed than the FMT-extended.
 
But you be the judge and decider.

15 minutes

Here we go:
 

http://www.4shared.com/file/JXyNoVAT/Breakout_Genius_v03b.html
 
** UPDATES **
 
Here is the Genius v4.
 

http://www.4shared.com/file/9uUyBbCq/Breakout_Genius_v04.html

Here is the full install package. From what I read in unbiased forums this EA is a piece of crap with a cherry on top. But you can decide for yourself.. I've seen the ex4 for it somewhere and will search for it and post it here.
 
http://slil.ru/29498101
 
Cheers
 
Edit: Did not take me very long to find out concrete proof that the MPP is a FAPTurbo clone. Using FAPTurbo 5.0 probably makes more sense if you like this type of EA with large SL and small TP.