Testing Discussion

Would u mind sharing more details on this testing?

looks like another grid system (no complaints intended, I'm a gridder too <img src='https://static.myfxbook.com/images/smiley-wink.png' alt='😉'/>).

This EA is called vForce Like EA I picked up from www.tradingsystemforex.com.

you appear to have changed the takeprofit down to only 20 pips are you running default settings supplied by Funyoo or are you using your own settings here.
If you are using your own custom settings could you share them.

Pheniox

Could you share your setting to follow the system.
Thank you in advance.

Andrey

would it be possible to share your settings, as they seem to be working pretty well for you <img src='https://static.myfxbook.com/images/smiley-grin.png' alt='😀'/>

All,

In an effort to cut down on the questions and e-mails asking for the same information.

I'm using the original....first version downloaded on the very first posting @ https://www.tradingsystemforex.com/expert-advisors-backtesting/1086-vforce-like-ea.html

I'm using default settings but with 2 small twists.

First, I've loaded this on the EURUSD 1 MINUTE chart instead of the 1 hour with all default settings. This will cause the EA to buy and has been the focus of my preliminary test. I've started using this on a live account last Monday and will get this posted shortly. The results so far are exactly the same; I started the account with $2k but traded with the same settings as the $1k test. This allowed an extra $1k as a safety margin in case the EA didn't perform as it did in testing. Bottom line; last week it pulled in over $650 from Monday night when I turned it on to the Friday close.

My next experiment that also seems to be working in demo is to open another EURUSD chart also on the 1 minute and change 'ReverseSystem' from false to true. This will cause the EA to Sell and will allow one to realize more profit on both sides of the daily EURUSD movements. This version of the EA doesn't seem to work in one instance to both buy and sell. It appears that all other 'enhancements' don't appear to perform as indicated in the forum discussion. I'm currently testing this second instance for another week and then will turn this on my live account.

Unfortunately, this EA won't work with most US brokers because I believe the NFA in it's infinite wisdom took some of our trading tools away in the form of not allowing hedging as well as FIFO restrictions (wasn't that nice of them?!). Hence you will have to open your account with an overseas broker.

Thus far testing and real provide the same results.

I would kindly ask that if this information helps you, then in your searching and testing of other EA's that you please remember that I didn't' play 'I've got a secret' in other words, I've shared where and how I achieved these results. As such I would appreciate the posting of the name of your EA's, the settings, and general instructions on how you achieved these results when you come across the occasion gold nugget.

There are so many folks trying to sell all of us Forex traders snake oil that all too often do not deliver anywhere close to the results they proclaim on their websites.

So lets help each other for the mutual good of all and share our gold nuggets.

Enjoy!

Terry

Just a note for all traders reading this thread - be very careful when trading this EA. I would suggest to pergaps even trade it on demo for at least a period of 6 months or more. Becuase of the no SL used, the drawdowns can be huge and you may easilt get a margin call from broker. I am demo trading it with a $1000 balance and although the balance has increased, the equity is below $1000 and incase of a news event today, might get a margin call from broker. be very cautious when tarding this EA

hi robinson i had download the EA and change the setup as u mention but ther is no trades
could please to help me
thank you

could you post your settings, because the EA you say doesnt make that much trades the way it is.

There are no settings...just default...but as i said in previous post...this ea does blow up an account with small balances when the market starts trending against the open positions.

What I do not understand is why the floating in this demo in no more than 200-250 pips while my demo yesterday was at over 500. The system works well with an account of 2000-3000 but this demo has always a lot less negative floating than mine.

raffaelegalbiati posted:
    What I do not understand is why the floating in this demo in no more than 200-250 pips while my demo yesterday was at over 500. The system works well with an account of 2000-3000 but this demo has always a lot less negative floating than mine.

you're probably using a different broker and/or quotes. it just goes to show you how can a different broker affect results.

forex.com - even when i try to sign up under being a resident of US, it still directed to metatraderUK, i clear my firefox cache, and try signing up upder UK resident - direct me to metatraderUK also.
But i see down at the bottom of MT4 that the server is in New York, wondering if in Live account they allow hedging like in demo, opionion anyone?

hi robinson,

What do you manage your lots percent? I followed your setting on FxPro and my entries lots are 0.08 and 0.02. Because the default setting has been 'LotsPercent1=80', 'LotsPercent2=20'. In case of lots 20(LotsPercent 20), SL and TP are 0.0000. Your trading statement shows the lots=0.01 and all position has solid TP numbers. Do you use any set file or tweak the setting?

I think it is impossible to split 0.01 lot in 80% and 20%. This ratio is the original vForce but if the broker cannot split maybe it places the smallest possible lot that is 0.01. Anyway to follow exactly the system I made LotsPercent1=100 and LotsPercent2=0.
I do not know if the system replicated here has these settings or if is the broker that places 0.01.