krisware

As I hear it works on USD/JPY, AUDUSD and GDPUSD, too ... and hell works well live, too .. it is not free anymore ... trial will expire tomorrow

If somebody could UNPROTECT it and make it work with any currency ....

New version is 0.9.9.0 ... but now it's not free anymore ... does anyone have some older non trial version??? Or maybe could educate it???

Download it: ht_p://www.box.com/s/im8jloykv7hu9ok64d67

Read about it: ht_p://www.worldwide-invest.0rg/threads/8179-Better-than-XMT-and-MDP/page41?highlight=Numberone

Please share new EA from http://www.forexenvy.com

all forex EA are scam.

 

They work as long as You are not selling it or sharing:)

MDP works best on non-ECN Live accounts (maybe only with fast ECN brokers) with EURUSD spreads below 1.6 pip. Forget brokers with higher spreads on live accounts - best results with spreads between 0.0 - 0.8 pips.

Please share ... looks good and works even with current market conditions ...

Yes, on demo, it is impressive, but on real, break-even and on ECN looser. Maybe somebody could tell if there are any brokers, where demo pricefeed and live are the same (non ECN) and order execution time, too?

It is fun to see how demo accounts grow fast, some faster then others.

I was running 1.1 on live and on demo with one ECN broker ... demo results are impressive, but live ... lossses one after another ... problem is execution time ... prices jump from one place to the other and if it closes is neve the same as EA wants ... this is because my ECN account does not use slippage and closing/opening price are always differen from executed one ...

so ... You should try to find realy fast ECN broker or 5digit non-ECN broker with smaller spread than 2pips ...

one more thing ... 1.1 opens less orders and so is the risk lower

Please share if possible ...

Problem is ... demo gives more ticks than live accounts ... live account are filtered ... so this makes scalping harder for EAS ... sometimes bar bottoms and tops are left out and EA is not trading (some Asian session scalpers) ... take time finding the best broker ... always check ping time ... slow ping means slow broker and even if spreads are good EAs are going to fail ... there are many broker with low ping for DEMO account (near 0), but LIVE accounts 300+ ms ...

so ... remember

Fast trading EA -> ping should be almost 0 ms (0-100 ms not more)

today on live account 2 small wins and 2 19pips SL on eur/usd.

I ue it on eur/usd and usd/chf

 

You shuld avoid days like FED (Ben speaks) and ECB (Trichet) announcments ... because most of the Asian Scalpers fail with high probability (in summer it is harder to trade) ... this week and previous one where bad ... running those EAs other days is less risky ...

Nothing to say. Bought it, tested it and lost some money with it and refunded it. I have ECN broker with low spread and low commission, but still it lost 3 of 5 trades with total loss 40 USD. Even on demo it lost, so I don't know how is it possible that test is working?

At first I managed to backtest it and it was ok, but few days ago I got another backtest with loosing result. This means settings are coming from server and owner is able to kill You'r account If You are not checking (balcklisted ip address).

This is bad practice and very risky, even If You trade it live and paid for it. So You'll never know what Could happen If somebody (owner) wants to kick Your a**.

So be careful, because If You have static IP and want to buy this EA - You might loose more than win:D

You should backtest it daily to see if it still works.

AnyWay - Good Protection.

Only way to edu is take that backtest and find out how strategy works and build Your own EA (or buy original).

 

So FORGET THIS EA - it has no indicators used in *.mq4 - this means all the logic must be coming from DLL or server. This also could mean that backtesting data (orders etc. - but I do not think so, because it backtested fast enough) might be coming from the server, too? Curve fitted EA?

Maybe somebody could disassemble trading logic from DLL?

If You'r able to backtest it, then You should be able to use it live, too. I managed to make CloveriXv3 work this way.

SL on GBPUSD is ~102 and with EURUSD 62 pip TP 11-13 pip.

It is one of the Best I'v seen so far. While other EAs are failing - this one works well on live accounts.

You should backtest it first. EURGBP is big break-even or looser (spread max 2 pip on 4 digit) after Fukushima. EURCHF is winner with max 3 pip spread and 3 pip TP / 20 pip SL. For test You should use 99% modelling quality, because of small TP. It survived 16.03.2011 and is profitable, but do not risk more then 0.1 (10%).

Please share new, even not educated one. Will try to educate.

Does anyone have new version ... shared version is old and pending orders are different from new one.

Hi,

 

I am forward testing it on demo and you can only run on 1 pair. If I open antoher pair it crushes my metatrader.

In addition, my results are mixed. I had a small win on eurusd & usdchf and huge loss on eurgbp

 

It trades only for 2 hours asian session. I do not see how you can make any money with it. One win one loss etc.

 

Honestly, I am getting tired testing these Eas. Guy looks genuine on the video, builds everyone's hope and the same bs. I don't get these guys. Since the purchase is fully refundable what's the point. I keep asking myself a question: is there an EA that makes money?

 

Jack

 

Yes, few are, but most of them need custom trading Hours, because testing any tickdata from broker feed is false, because if download Your historycal data in Summer and do backtesting in winter, then Your testing outcome would be wrong ... You sould always re-download all data before every test ... anothe thing with data is that historical data 1 hour shift from real data ... I'v confirmed it by saving screenshots from sommer and winter .... only good reslult You'll get with Ducascopy Custom Tickdata, because it is always saved at GMT-0 ... no shits etc. ... also confirmed it rom my screenshots .... thatswhy You'll need to shift trading times on EAKAIN, Shocker or any other Asian Scalper that preforms good on backtests, but bad on live account ... one other thing ... You should find pairs with max spread of 3 at 21 - 23 GMT ... less is better and do not use variable spread accounts, because of low volume etc. spread are high at those hours ... one other thing ... You'll always get better results on demo, because more ticks are coming through than on live account ... so ... stay tuned

Made some heavvy backtesting and found out some rules ... On summer time (DST On) You shoud check Your brokers GMT offset (set it auto on EA and write it down) ... now You should switch to Manual and subtrack 1 from Your brokers GMT offset ... so If You have broker GMT offset 2 then set manually to 1 etc. ... winter time You could leave it be or switch it back to AUTO ... anyway my test with 99% modelling quality and real account results show that trading Hours for Shocker are best 21 - 22 (GMT) in Summer with DST and 21- 23 in Winter (GMT) ... this works with EURUSD, USDCHF ... for GBPUSD You should use only 21-22 GMT meaning set it manually Your brokers GMT offset -1

For EURCHF best results are GMT 19 - 23 GMT ... subtract from broker offset - 1 to - 3 .... currently should use it on demo only, because CHF is not performig as it should ...

For EURGBP use broker offset -1 (lower risk) ... USDCAD may be set AUTO (no other results are better)

 

Spread for testing was EURUSD 2; USDCHF 2 and 3; GBPUSD 2 and 3; USDCAD 3; EURCHF 3; EURGBP 2 or 3; These should be maximum spreads, because higher spreads are going to kill Your account or break-even

 

there are few other pairs (high profit), that are even better than those 6, but You should find it out Yourselves

 

Regards

What a broker says and what a broker does in not always the same.

 

There are several "problems" with high-frequence trading (opening and closing order within a minute or so on real, live accounts).

 

First, it puts a pressure on the broker server (lots of order request), and why should a broker let one small trader use too much of the server resources? Second, brokers needs to net out trader positions against each other and/or against their own trades in order to guarantee their liability against the banks, and to keep their own risk as minimal as possible. And the easiest way to do this, is to trade AGAINST the trader. There's also another reason for trading against the traders. Most of them are loosing, so trading against all traders means that the broker will also profit on the trade against all traders. Trading against a trader that scalps on an intra-minute basis is not easy. And many brokers are unable to cover such scalping traders by trading against them in an efficient way. So instead of dealing with the problem, they find it easier to simply kick out such traders by terminating their accounts, or by slowing down their access to the system, which causes requotes of the prices, or by simply rasing the spread to such levels that the traders are unable to trade proftiable. And finally such high-frequent scalping traders decides that it pointless to continue trading with this technique, and/or with this broker.

 

This doesn't mean that there are no brokers that accept high-frequence intra-minute scalping traders. However, most of the brokers does not belong to this category. First of all, a broker cannot be a dealing-desk broker. They have to be a STP/ECN broker. Further, their policy MUST accept high-freqence trading. And, the broker must have low spreads on the currency pairs that the traders want to trade on. And the broker must be big enough and have recources to allow such traders to put such a pressure on their server without them taking any notice on it.

 

It's pointless to validate a high-frequence scalping EA on the basis of the performance on a demo-account. It must be validated on a real live account!

 

I do not know what are You talking about ... this EA is not 5 pip Scalper ... trades are open long time and it should work with any ECN broker with lower spreads ...

yes you are right, i guess its up to us to try to close out at ideally speaking max profit. as longs its profitable thats all what counts in my book, so we shall see soon over longer term. sure hope it wasnt just lucky so far..........

 

Please check my prev post ... it is closing after 25 pips profit on most pairs ... I'v seen that it closes few pairs with 35 pip profit ... anyway ... after 3 days of testing (not good for conclusions, but) ... it WORKS ... even after such drop like EURUSD failure ... but it is not the grail I'm looking for .. I optimized FGB and it had a good run this week .... live test account from 137 USD to 205 USD (o,o1 lot about 500 pips) ... just in one day ... what a killer .... anyway ...

I do have about 10% gain. I have mine setup at $1000.00 balance with 0.02 lots to trade, but it trade largest lot = 0.1. So, it's 5x of your lot settings. I still don't know why it doesn't close when it was really in good profit.

 

I have this version running, too and I'm closing order when we reach some kind on resistance or support level ... I'v uploaded my version with ECN fix ... check my posts ...