Jump to content

Forex Harvester


mopips

Recommended Posts

I searched this forum and found threads regarding Harvester 3 EA, but that appears to be a different EA as it trades GBPUSD.

 

This EA trades multiple currencies, only on Sunday looking for currency pairs with the largest weekend gaps. It has a very high win rate due to it taking advantage of these gaps.

 

Here is demo test from ForexPeaceArmy:

hxxp://www.forexpeacearmy.com/metatrader_expert_advisor/forex_harvester/demo

 

4xproject demo test:

hxxp://www.4xproject.com/expert-advisors/review/forex-harvester/

 

EA website:

hxxp://www.forexharvester.com

 

This EA doesn't trade much do to only trading on Sunday, but I love the extremely high win rate.

Link to comment
Share on other sites

  • Replies 63
  • Created
  • Last Reply

Top Posters In This Topic

Re: [REQ] Forex Harvester

 

Just back tested EUR/USD 1999-2010 90%model. The result is okay. No single loss trade since 2006. (A series of big losses in year 2005 though) Also my backtest shows that this EA is quite spread tolerant (at least for EUR/USD. Tested it with 1.5 pip Spread as well as 3 pip Spread, getting same result)

 

Since it only open trades on Monday so it can be used along side of other quality scalpers which usually don't trade on Monday to avoid volatility/gaps.

Link to comment
Share on other sites

Re: Forex Harvester

 

@Thesecret

 

The stop losses are set high to give the trades breathing room if necessary. To trade with no stop loss would be foolish, so they are set so as not to blow up the account when hit.

 

There is very little chance of it hitting a S/L but, of course, we cannot guarantee that it won't. The only user setting is "Risk". The default is 20. Basically, if all open trades on one currency hit the S/L, then you would lose 20% of your account.

 

You can set the risk lower depending on your risk tolerance.

 

is from the members site

;)

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...