Sepp Malec

They've changed their presets so that you have to set risk yourself (they've probably done this to cover their asses and to point the finger at other customers who overleverage).
To get it to work like 4.0 you have to set LOT_IS_FIXED to false.
1% risk per pair is about right. I would never use a total of more than 3.0 risk across all pairs, especially when averaging.
 
Anyways, I am reverse engineering the EA. Trying to rip out the averaging routines and the on-screen display... so that may I can rewrite large chunks of the EA and get it to trade a little bit like a proper trader.
It is taking a lot of time as it is a complex EA

Finished running a month demo of 4.11
Indeed, averaging makes more money, but you must tolerate drawdown. Stop loss trades didn't make as much, but no major drawdown.
Choosing which set to use is a decision of aggression vs safety IMHO. (I'm sticking with aggression!)
The EA seems to be able to pull about 15% per month consistently while averaging (although there is drawdown to content with).
Maybe a good strategy is to build you account up with averaging and then when it's big enough, go back to using stop losses so you can make withdrawals on a routine basis.
 
I also tried Hedge gate (Their latest EA), but it's a dud. I don't think it will be in profit after 30 days in which case I should be able to get a refund. What a shame. I had high hopes.

its expensive, but so far its working great...
http://expertforex.info/en/sovetnik_foreks_magelan.html

thats because myfxbook dont add the 310$ i got in deposit bonus from my broker to account balance, but add it to equity..
 
so even if all trades are closed, my equity will show as larger than my account balance...

was that better?
they are never hidden to me, so didnt notice :)

Up to you. I guess for safety's sake, use Pyramid 8... although I haven't tested that educated code much, so I would advise demoing it.
 

It won't compile without warnings... check the code out, they coded it in such a way to break the decompiler. There's one line that's expecting a number and there's a date in there.

i have set custom analysis to only show the period where i have run this EA, as i tried "forexcombo" before Magelan, and that lost me some money. that has now been recovered.
 
http://www.myfxbook.com/members/ZeppDK/technical-analysis/626707
 
 
so if it dosnt blow my account at some point, then i think its worth the 600 bucks

i have set custom analysis to only show the period where i have run this EA, as i tried "forexcombo" before Magelan, and that lost me some money. that has now been recovered.
 
http://www.myfxbook.com/members/ZeppDK/technical-analysis/626707
 
 
so if it dosnt blow my account at some point, then i think its worth the 600 bucks

its expensive, but so far its working great...
http://expertforex.info/en/sovetnik_foreks_magelan.html

I'm not testing Magelan v3, only v4.
 
Why don't some of you guys try optimising it's inputs on different pairs? I take it that it only needs a year worth of data to optimize over.
 
Maybe you can share your settings with me? I think I've shared quite a bit already.

Sorry, quick update on the instructions in the manual (removed some russian!)
 

http://www.4shared.com/zip/zvlms7T6/pyea801ma.html

In fact in closer investigation, there's a good chance that v4 and v3 are very different. v4 has more EA inputs, and I assume that the dll has different functions. Additionally this also means that the presets are likely also wildly different.
 
No losing trades so far with Magelan 4. Around the middle of next month it will have been a month of trading, so I'll report on how it went.

Magelan
 

 
here is Megelan version 3.02 No_DLL from another forum
enjoy...
http://zalil.ru/34690802

Might be an interesting addition.
 
I am also considering adding more features to the EA, but I want to do it in such a way that the core trading strategy is always available (essentially backward-compatible)
 
I've been wanting to implement the Pyramid 8 logic for a while. Essentially it only drops in lock and averaging trades based on EMA cross overs (instead of periodic levels based on pullbacks). This, is turn, makes the EA safer and uses less leverage.
 
I was thinking of coming up with a "Panic mode" for the EA based on this strategy. Once enough averaging trades have been hit, the EA would then not drop any more averaging trades unless it started to get EMA confirmation.
 
Now... I dislike the Pyramid Pro 8.01 EA because it is less aggressive and less profitable, but it is safer...., and I think some way of coming up with a hybrid trading system will get you the best of both worlds. In normal trading, the EA will be typically aggressive,... but if the EA is under threat, it will adapt to the conditions.... at least in theory.... in an attempt to ride out crazy price drops and other drastic market behaviour.... The goal being to help it survive crazy market crashes and other behaviour which could potentially kill the EA (Perhaps being able to close out all it's trades in profit/break-even and sit on the sidelines until things cool down).

Here it is, at last. I tested it for long enough and it seems to work just like v2.1, or at least I can't see any problems. There are no changes in the strategy. The code was simply fixed and cleaned up some more to compile on build 500 and above. Also I added a display for the leverage on the chart.
In fact if you want to study the code, it should be a lot easier now that the variables all make some sense.
 
If you're running XEv2.1 then you should be able to drop XEv2.2 in it's place and have it take over with all your trades. (Don't forget to apply your presets again!)
 
Don't forget to say thanks! This effort took a fair bit of work.
 
PS. The EA racked up over 10% this month on my live account. (Max drawdown was around 25%)
 

http://www.4shared.com/zip/IViBLvrH/pyxev22.html
 
A rather lengthy and detailed manual text file is contained in the package which goes into heavy detail about everything I know about the EA, how it works, and exactly how to use it. Please read and do sufficient testing in demo before running this EA live.
 
This EA is a hacked EA and of course, cannot come with any warranty if you lose money because you can't use it properly.
Of course, I cannot be held responsible if it makes you a boatload of money either. :P

OK! Well I finally found a copy of MetaEditor build 482 lying around, so I managed to get a compile of Pyramid XEv2.1 into ex4. I hope this helps everyone out who was having problems.
 
I hope MetaTrader gets fixed in future. Hopefully this ex4 will tide all of us over until we find out what the future holds for MT4. In any case we have source code, so even if we had to, we could port the EA to another platform!
 
I've reuploaded the EA with the ex4 included, and edited the manual to reflect what I've learnt since releasing XEv2.1
 

http://[email protected]/zip/vgRgwdi_/pyxev21.html
 
Don't forget thanks!