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[ need edu ] Silver Ea


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hello

I found this ea in another forum ... and from this site :

 

http://www.silverea.c0m

 

Silver ea is " Asian scalper " and have good backtest and forward test ...

 

please see forward test :

 

http://silverea-eurusd.mt4live.c0m

http://silverea-usdchf.mt4live.c0m/

http://silverea-usdcad.mt4live.c0m/

 

i shared this ea .. please educated ....

 

http://rapidshare.com/files/456595386/SilverEA_Forex.rar.html

 

or

 

http://hotfile.com/dl/113879664/ea09304/SilverEA_Forex.rar.html

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  • 1 month later...
  • 1 month later...

I test the EA on 5M TF and EU. Put in settings lotdigits 2 instead on 1 for micro account. I put down the other settings also.

Will see next week what happens. It made $687 in 10 days on demo but it went down with default settings -$1.700 (I had wrong TF 15M on that trade could be the culprit?) but recovered all and won on top $156. Tough EA. Somebody should put SL on it!

It is called Asian Scalper.

Hermes

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This EA (these EA's) is a reverse-trend Asian scalper. It opens one position ane close it with once it reaches 4 pips in profit. And if that position instead reverses 10 pips it opens another position, and if it reverses another 15 pips it opens a third position, hoping that the trend will reverse. It has TP but no SL, so it must be monitored and orders must manually be closed if the drawdown becomes to large. For this reason, small lot-sizes should be used. Basically this EA has potential, but it meeds to be improved with a better trend-signal, a trailing TP and SL that is equal to maximum allowed DD.
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Micro or standard account no difference. The 100 pips in micro is small ($10) in standard account huge ($1.000). You need at least $5.000 for standard account but even that is not enough. $10.000 would be better and trade no more than 2% of your account. Get rich slowly.

It is on you how much is your risk tolerance. Go with the daily average range. Some pairs need more e and some less SL. Too small SL will be always wiped by the brokers.

Hermes

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Micro or standard account no difference. The 100 pips in micro is small ($10) in standard account huge ($1.000). You need at least $5.000 for standard account but even that is not enough. $10.000 would be better and trade no more than 2% of your account. Get rich slowly.

It is on you how much is your risk tolerance. Go with the daily average range. Some pairs need more e and some less SL. Too small SL will be always wiped by the brokers.

Hermes

 

Thanks, how much sl will be the most efficient for these pairs on standard and/or micro accounts: USDCAD, GBPJPY and USDJPY on H1 TF?

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  • 4 months later...
:((so disappointed,I losting 1000 usd on my alpari account with it only these 2 days 11.14-11.16 . as you know ,it's an martin scalper .Asian scalper may work good some days and made some profit( only 4 point) ,but the "trend" is not sleeping . when I get up .opening the computer..... .:-OI know I must work hard for another 1000 usd now:((. if you guys not have enough money ,don't against with the king---"trend" .regards!http://i.imgur.com/DxZ8f.jpg Edited by zarasa
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