Forex PipsReservoir

[guymelloulyahoo.com]

hello there,

does anybody have this ea called pips reservoir. it is operated on EURUSD 30M.

 

thanks ahead,

guy melloul.

[Guest strmec]

hello there,

does anybody have this ea called pips reservoir. it is operated on EURUSD 30M.

 

thanks ahead,

guy melloul.

 

 

hxxp://www.reservoirpips.com/pr3pfin7ishdl.html

 

there are 4 EA craps

[⭐ fxknight]

Latest version:

EA: http://www.reservoirpips.com/finalp/Reservoir_Pips%282010%29.zip

Bonus Skyline EA:

http://www.reservoirpips.com/finalp/bonus2-risk_management_guides.zip

http://www.reservoirpips.com/finalp/bonus3-ForexSkylineEA.zip

Edited May 3, 2010 by fxknight
added ForexSkyLine EA

[Stormin_Norman]

http://stashbox.org/881604/reservoir%20pips%2009-10.gif

 

a bit sad looking at the end there, once it gets out of optimisation period.

[⭐ fxknight]

http://stashbox.org/881604/reservoir%20pips%2009-10.gif

 

a bit sad looking at the end there, once it gets out of optimisation period.

 

Very true. Can you run ForexSkyline and tell us what you think? Runs on USD/JPY H4 & M15. Here is a forward test on it: http://www.4shared.com/file/i97QMcGL/MetaTrader_-_ForexSkyline.html

 

Cheers

[Stormin_Norman]

http://stashbox.org/881660/2005-10%20test.gif

 

2005 till now.

 

its a bit better. at 5% DD it returns about 10% a year. not great but at least its not going backwards.

[⭐ fxknight]

http://stashbox.org/881660/2005-10%20test.gif

 

2005 till now.

 

its a bit better. at 5% DD it returns about 10% a year. not great but at least its not going backwards.

 

I did the BT from 2001 til now and found it to be the best "high risk" EA in a while. The way it works is that after a loss it loads up and tries to make the loss back. Once or twice on the BT since 2001 (M15) I noticed a spike almost to zero but of course it recovered. What's scary is that I changed the lotsize to 0.01 so to have that kind of unrealized draw trading 0.01 lots is ludicrous. Thas's why despite its promise I think this EA is a dud.

 

Cheers

[hyperdimension]

For ForexSkyline, what was the largest trade size you saw in backtests?

 

The code is very simple (less than 150 lines). The order modify code is poorly written, such that it has to modify the trade 3 times to add the Stop Loss and Take Profit levels.

I made changes to the code and am now backtesting this using Dukascopy tick data with real Ask prices, though it should look very similar to Stormin_Norman's results because the Take Profit distance is high and it's not spread- or time-sensitive.

[hyperdimension]

If base trade size is 0.01 lots, and stop loss distance is the default 55 pips, then 9 consecutive losses would cause a total loss of almost 3K USD. The trade size series of the losing trades would be:

0.01

0.02

0.04

0.08

0.16

0.32

0.64

1.28

2.56

 

To be able to open the next trade (5.12 lots), assuming leverage = 500, you'd need a little over 1K USD left in the account. So around 4K USD of equity is enough to withstand a maximum of 9 consecutive losses, assuming base trade size is 0.01 lots.

 

To be able to withstand a maximum of 10 consecutive losses and be able to open the next trade, you'd need around 8K USD of equity.

 

It's the consecutive losses that kill you when using trading systems that use this kind of simple Martingale-based trade sizing. As long as you have high leverage, low account stopout level, enough equity (deposit + profits), and a good underlying trading strategy (trade entry and exit), it can work.

Edited May 4, 2010 by hyperdimension

[hyperdimension]

Here are my Skyline backtest results using Dukascopy tick data and real Ask prices (therefore variable spread).

 

Commission = 3 USD per lot round turn.

 

All parameter values are default except:

LotSize = 0.1

 

Date range = 2008-04-17 to 2010-05-02

 

Uisng martingale trade sizing:

http://stashbox.org/884046/Skyline%20RealAsk_Data%3DDukascopy%20ticks_Symbol%3DUSDJPY_Commission%3D3USD_LotSize%3D0.1_2008-04-17to2010-05-02_ScreenCap.gif

 

Using constant trade size:

http://stashbox.org/884047/Skyline%20RealAsk_Data%3DDukascopy%20ticks_Symbol%3DUSDJPY_Commission%3D3USD_LotSize%3D0.1__ConstantTradeSize%3D1_2008-04-17to2010-05-02_ScreenCap.gif