didier Posted May 25, 2010 Report Share Posted May 25, 2010 (edited) Free EA found on another forum (it works with gbpusd H1 and eurusd H1) from the author: "Here is a very simple yet profitable strategy that anyone can follow and make an average of 50 to 100 pips a week. Can be traded manually or using the attached EA. I noticed that between the NY close and Tokyo open, whatever the trend, the market seems to follow this trend for several hours. Of course it doesn't always work but I have had better than 90% positive results. Place the order one hour before the open of the Tokyo session. Simple strategy, only two indicator, 10 SMA and 197 SMA. If the slope of both is positive place a long order. If the slope of both is negative place a short order. (Using the EA this is very conservative and will not trade often.)" "The attached EA v7 gives good results. It will work with 4 or 5 digit brokers, standard, mini or micro accounts and does work with ECN brokers. Check it out on a back-test, you will be surprised how well it works and modify it in any way you please." Don't forget to set the correct GMT **http://[email protected]/695903** v.7 I will start to test it tonight latest version v.8 :**http://[email protected]/650334** V8 Test results and full details http://[email protected]/perfomances/vi...BPUSD_EAv7-303 (http://www.fxstat.com/perfomances/view/Simple_GBPUSD_EAv7-303) The default settings show one losing day in a 12 month back test but the Low Risk settings show no losing days which could allow you to use a higher lot size without increasing the risk. V8 Default settings: TP1 22, TP2 50, SL 140, TSL 22. V8 Low risk settings: Tp1 14, TP2 50, SL 130, TSL 14 Edited May 25, 2010 by didier version 8 added Quote Link to comment Share on other sites More sharing options...
xxl205 Posted May 25, 2010 Report Share Posted May 25, 2010 Runs very well on Alpari Classic live ... no loosers since May 10th. Beware, v8 is out and fixes some issues with slippage. Quote Link to comment Share on other sites More sharing options...
⭐ stingrayzz Posted May 25, 2010 Report Share Posted May 25, 2010 Backtest it over a few years and I think people will be hesitant to use it. Cheers Quote Link to comment Share on other sites More sharing options...
⭐ fxknight Posted May 25, 2010 Report Share Posted May 25, 2010 Backtest it over a few years and I think people will be hesitant to use it. Cheers I agree 100%. It is a useless EA.. totally curve fitted. Backtest from 2001 onward and it becomes obvious.. use caution if you decide to use it live. Cheers Quote Link to comment Share on other sites More sharing options...
mograst Posted May 25, 2010 Report Share Posted May 25, 2010 why your guys think it's curve fitted? thanks Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted May 26, 2010 Report Share Posted May 26, 2010 cause we tested it and found that outside of known data ranges it performs poorly. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
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