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Forex Rising


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  • 2 weeks later...

Re: Forex Rising

 

tks :D :) ;) :arrow: :peace:

 

I am able to backtest on EG but not UC as noted in the forward test illustrated in producer website. funny I also notice that NU were traded too in one of the test, all on 15M TF.

 

Would like to hear from the rest of you here about this EA.

 

 

:peace: :mrgreen:

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Re: Forex Rising

 

cavenaghi this is not the Forex Rising....it is the Piptronic X... (you can compare the mq4 files)!!

 

and see the REAL Forex Rising settings in this picture.

 

 

...the magic number is same too!!! 8-)

 

 

you are right, the input parameters are exactly the same, except one parameter name is Recovery for ForexRising and PiptronicX is called AdvancedClose.

 

Either the forexrising is duplicated by some other party and sold as another product or the piptronic owner use a new name and sell as a new product.

 

 

p/s: having check the http://www.piptronic.com/results.html site, the Piptronic X test is not longer around. so now you know whats going on.

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Re: Forex Rising

 

EURGBP, USDCHF and NZDUSD, M15 charts I guess though not a lot of information on the site, one of the accounts on the live tests is just trading EURGBP and there is no mention of NZDUSD - maybe they were from another system?

 

Will post my own backtests from Alpari here.

 

SETTINGS (from Piptronic X):

 

Broker Type = 1

Use ( 1 ) if there are 4 digits after comma in trade platform EUR/GBP; use ( 10 ) if there are 5 digits after comma in trade platform EUR/GBP.

 

Lot Type = 1;

Use ( 1 ) if you can exploit microlots (0.01 lots) in trade platform; use ( 10 ) if you can exploit minilots (0.1 lots) in trade platform.

 

GMT = 1

Compare trade platform time with GMT (http://wwp.greenwichmeantime.com/); If time in platform is 1 hour ahead, then we put (1 ); if time in platform is 2 hours behind GMT, then we put( -2 ).

 

MaxLots = 5

Some brokers limit the size of one position. If you do not want to operate with bigger amounts, then you can indicate with this how many lots maximum you want to exploit. (Automated Trading Championship 2008 http://championship.mql4.com/2008/users limit was 5 lots).

 

Risk_Percentage = 15

Allowable amount of one position in per cent depending on Account Free Margin. (One position will open approximately with 15 % from free account margin).

 

TakeProfit = 10

Position will open with 5 point Take Profit order, if it will be possible. If not, then in the distance of StopLimit. (Many brokers change StopLimit constantly in order to make the life of scalpers more complicated).

 

TrailingTP = 3

TrailingTP will move Take Profit as soon as possible to the given distance. (If StopLimit allows to place position Take Profit in the distance of for example 30 points from the price, then TrailingTP at the first opportunity will move it over to the given distance).

 

AdvancedClose = 5

Additional position closing. (If Take Profit has not yet settled in the given distance, then ExtraClose will try to close the position, which is equal or higher than the given number of points).

 

StopLoss = 40

Position will opened with the 30 point StopLoss order. (If StopLimit is more than 30p, then StopLoss will open at StopLimit distance).

 

MaxSpread = 3

Maximum allowable spreads. (Position will open only when spread will be less or equal 3).

 

MaxOpenOrders = 3

Maximum allowable opened positions at the same time.

 

Candles = 3

Amount of candles out of which the channel is calculated.

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