Quick Cash Generator

[DominoFX]

The EA, backtests and a few forward tests can be downloaded from here:

http://www.4shared.com/file/103765932/9d1f9284/Quick_Cash_Generator.html

Pair: EURUSD, timeframe: M5.

This EA is similar to the Auto Cash Generator, but makes different trades.

 

http://img25.imageshack.us/img25/2369/strategytestermaxrisk10.gif

[scarface]

Re: Quick Cash Generator

 

The EA, backtests and a few forward tests can be downloaded from here:

http://www.4shared.com/file/103765932/9d1f9284/Quick_Cash_Generator.html

Pair: EURUSD, timeframe: M5.

This EA is similar to the Auto Cash Generator, but makes different trades.

 

http://img25.imageshack.us/img25/2369/strategytestermaxrisk10.gif

 

 

Thanks for sharing bro.

 

I will try it.

 

Cheers.

[CL3RIC]

Re: Quick Cash Generator

 

thanks and open code? :peace:

[Msdogan]

Is there anyone use this EA ? Is there any fake is it scam ?

[thesecret]

SL=500 no thank you lol

[Rio]

SL=500, so no thank you indeed... although having said that, some of these amazing backtests start out with only 500, so if you hit a winning run of one year, you'll hit 1 million. Thing is, you'd pull out your initial investment long before you got there, so actually it's fairly safe as long as you don't hit stoploss before then.

 

Unfortunately the EA doesn't work on ECN brokers.

[thesecret]

Yes in theory. But you need winning run of one year in real life :)

[stock]

Short and long position won 100%.

Is possible???

[Rio]

Anyone remember the original EuroBlaster? It was a ripoff of this EA.

With a stoploss so huge, you'd have to trade it as if it were martingale.

You'd put in a small amount of money ($500), and wait for about one month to double your account and get your money back.

That's assuming it didn't blow up up within that month!

 

After that, you'd just let it run and start taking monthly withdrawals from the account until it blows up.

Edited April 29, 2010 by Rio

[Hagar1713006266]

This is not a bad EA, as long as you keep in mind a basic trading rule :

 

HUGE PROFIT GENERALLY = HUGE RISK !

 

I also think this EA has been optimised for the testing period. I tested it for the last 2 years and got the following. (default settings)

 

http://info-4biz.com/images/QCG-default.gif

 

and

 

18/04/2008 - 27/04/2010

 

Bars in test 147953

Ticks modelled 18826469

Modelling quality n/a

Mismatched charts errors 311

Initial deposit 500.00

Total net profit 3621.50

Gross profit 6108.74

Gross loss -2487.24

Profit factor 2.46

Expected payoff 11.57

Absolute drawdown 209.22

Maximal drawdown 1341.81 (24.56%)

Relative drawdown 44.95% (237.42)

Total trades 313

Short positions (won %) 142 (97.18%)

Long positions (won %) 171 (98.83%)

Profit trades (% of total) 307 (98.08%)

Loss trades (% of total) 6 (1.92%)

Largest

profit trade 53.09

loss trade -994.98

Average

profit trade 19.90

loss trade -414.54

Maximum

consecutive wins (profit in money) 106 (2564.79)

consecutive losses (loss in money) 1 (-994.98)

Maximal

consecutive profit (count of wins) 2564.79 (106)

consecutive loss (count of losses) -994.98 (1)

Average

consecutive wins 51

consecutive losses 1

 

 

Personally, I would be cautious about using this on a live account