[SHARE] Forex Shockwave

[jamestan1978]

Here you go..

http://www.multiupload.com/F7D0X026J0

[jamestan1978]

the manual is confusing, any idea it should be used on M1 or M15?

[e24]

I have to agree i want to trade with 0.01 lots but do i change the lot size or just whether its a Micro Account??

[robotfx2]

Abaout this can upload too

 

Special Report 1: Fibonacci Forex Secrets

 

Special Report 1: Elliott Wave Mastery

 

Special Report 1: CandleStick Ninja

[JasonKwok]

I have to agree i want to trade with 0.01 lots but do i change the lot size or just whether its a Micro Account??

 

You will need to set :

 

Lots=0.01

MM= False;

Account is Micro=True.

[Don]

It can be used on any timeframe, the manual shows two settings: one for M15 and another for M1.

If MM = false then it uses the lotsize you have defined in the Lots -parameter.

If MM = true then it calculates the appropriate lotsize depending on the setting AccountIsMicro. This way it won't use the value of the Lots -parameter.

So, if you want to go with a fixed 0.01 lotsize all the time, then set MM to false and set Lots to 0.01 .

[JasonKwok]

The developer does not have any back test result for us to compare and know of the optimal settings.

 

Anyone has found any optimal settings? So far, several of my back tests showed draw down on equity except the default settings.

[Don]

I have got an email from "John Wilson" who used this EA on different charts with different settings and claims over 97% winning (is this a magic number or what? Everyone comes with this 97% :D ). John will give these settings as a bonus if we buy the robot from his link.

Does anybody has this bonus settings?

[e24]

In My journal i am get a Old Tick i am not sure what this means and is prohibiting the EA to function

[PyeR2]

The TP & SL settings are ridiculous. Stop loss: 225 or 155, Take profit: 500, Trailing Stop: 5 - I would bet my left gonad that in the entire history of forex, the EU has never run for 500 pips without having a 5 pip retracement. It's a pointless setting. The reality is that this EA is going to take very small profits with an enormous exposure of 155 - 225 pips. Good luck with this one ppl.

[e24]

I dont think the dam thing works i have had it running for over 3hrs on the 1 min but nothing. and i agree with the post above i am using micro lots so does that mean the SL and TP are now 25/50 or is it at 255 and 500?? confusing

[Don]

"Old tick" is a server side problem, not an EA failure. It means that your MT got an old price. Usually slow or crowded servers are throwing this error message. Simply wait or re-login onto an other server.

 

BTW the 500 TP on EURUSD is really huge. Maybe good for the daily or the weekly chart. But it's definitely wrong for the 5 pips trailing stop.

Are these default settings intentionally wrong? Is there a supplemental documentation missing?

Edited August 18, 2010 by Don

[JasonKwok]

In My journal i am get a Old Tick i am not sure what this means and is prohibiting the EA to function

 

You can download the price data.

 

On MT4, you'll need to go to Tools and select History Centre. Under Forex, expand EURUSD and select M1 and then click Download.

 

After the download has completed, click Download one more time for it to generate for all time frame.

 

If you are using IamFX, the above will not work.

[JasonKwok]

I dont think the dam thing works i have had it running for over 3hrs on the 1 min but nothing. and i agree with the post above i am using micro lots so does that mean the SL and TP are now 25/50 or is it at 255 and 500?? confusing

 

The default stop loss, 155, is in PIPS. The initial stop loss is set at 155 pips. If the trade goes the intended direction, it will trail the stop loss closer to the entry price. Try to run the Strategy tester and see the results on how the trade progresses.

 

Edit: Here is the back test using default setting on M1

 

http://www.4shared.com/file/_lUlrei_/FX-SW-EU-M1.html

Edited August 18, 2010 by JasonKwok

[e24]

Thanks Jason

But when i select download it prompts me that the data i am downloading will not be the same as Go Markets and if a dispute arises about price i can not legally complain about it???

[Don]

In this case the history data comes from a source other than Go Markets. Usually from MetaQuotes. That's for backtesting only. The forward test data (demo and live) are coming from Go Markets.

[JasonKwok]

Thanks Jason

But when i select download it prompts me that the data i am downloading will not be the same as Go Markets and if a dispute arises about price i can not legally complain about it???

 

We used the download data to back test and find the optimal settings.

 

Forward testing, even on demo account, will be using live data from the individual broker.

 

You also need to find out the GMT offset for your broker as it was mentioned in the manual that this EA is set for GMT +2 broker.

 

If you have set the Use Hour Trade to True, then the EA will only trade during the hour From Hour Trade to To Hour Trade.

 

Edit: In the case of price dispute, there isn't much we can do. We are trading the Spot Forex and there is no central exchange where we could compare the broker price with. Spot Forex is traded over the counter type of trading, where brokers get their price from the Banks. If you trading Forex Options and Futures, there is a central exchange.

Edited August 18, 2010 by JasonKwok

[e24]

I am trading this Live and i am sure my GMT time is 2

I have updated the data from History center and i have also got the Use Hour trade false

[JasonKwok]

I am trading this Live and i am sure my GMT time is 2

I have updated the data from History center and i have also got the Use Hour trade false

 

wow...I really admire your guts.

[e24]

wow...I really admire your guts.

 

Yeah I am trading with with very little amount i figure the best way to know how it really works is trade them live i will do this for a while if all good then i will upgrade the EA to the the real money account

[jamestan1978]

e24 please tell me when you think its good.. thanks

[e24]

I will as soon as i get the damm thing to work

[Don]

Here is the back test using default setting on M1

Ok, it's more clear now. The TP value is just for the broker and it exits by trailing the SL as you wrote.

[e24]

Just got my first trade

 

Well itdoes set TP at 500 and SL at 100

Edited August 18, 2010 by e24

[huuu]

yep backtesting this through 2009 to now does not look too promising with the default settings, this will have to optimised both to figure the optimal sl and the trailing sl.