Dear hagenuk,


Maybe because you are using FRPEA version 6.03.

We fixed a bug in FRPEA v6.03 regarding News Filter and we announced it on our Forum about the update (version 6.04) on Friday (April 13, 2012) also.

You will find it on our Forum on Download section.

We run FRPEA version 6.04 for the last week and a half on this account.

To prevent any error use the following installation steps:
- remove version 6.03 from all (11) charts
- close the MetaTrader 4 platform
- delete the old frp6.dll version from the C:\Program Files\ Your Broker MetaTrader 4\experts\libraries
- unzip the ForexRealProfitEAv6.04 archive
- copy the ForexRealProfitEAv6.04.ex4 file in the C:\Program Files\Your Broker MetaTrader4\experts
- copy the frp6.dll in the C:\Program Files\ Your Broker MetaTrader 4\experts\libraries
- start the MetaTrader4 platform
- drag the ForexRealProfitEAv6.04 on the charts

Please make sure you have no open trades when installing.

Kind Regards,
ForexRealProfitEA Team

   Star posted:
   Hi,

1.I see that this version trades 11 pairs.Is it possible that ea will have 11 trades total open at the same time ?

2.How many pips is the worst possible stop loss ?

3.Can ea have more than 1 trade open in the same currency pair ?

4.What are the GMT hours that this ea opens trades ?



Dear Star,

1. I see that this version trades 11 pairs. Is it possible that ea will have 11 trades total open at the same time?

Theoretical yes, but practically is almost impossible.
There are 4 different strategies and 11 currencies with average time of closing for 3 hours. Usually different pairs offset each other.
It never happened in our backtests and I don't think it's possible in real trading.

2. How many pips is the worst possible stop loss?

The Stop Loss is set to 100 pips plus the spread of the currency used.

Stop Loss and Take Profit defines the maximum value in pips when the robot will close a loosing or winning position
ForexRealProfitEA uses a dynamic Stop Loss and Take Profit algorithm.
Not all losing position will be closed on Stop Loss and not all winning positions will be closed on Take Profit.

Here are some details from our tickdata backtests (using Dukascopy history database) for the last 5 years, using real spread and 0.8 pips (broker) commission:
Testing results:
Total pips lost = 69.957 pips
Total pips won = 112.551 pips
Net gain = 42.594 pips
Winner % = 75 %
Loser % = 25 %
Profit Factor = 1.57
Average win = 13.79 pips
Average loss = 25.79 pips
Max DD = 1179 pips
Average time/trade = 3.23 hours


3. Can ea have more than 1 trade open in the same currency pair?

In very rare occasions there are max 3 trades for the same currency in the same time.
Not all currencies use all strategies, so there are only few than can open 3 simultaneous trades.

4. What are the GMT hours that this ea opens trades?

The new version (FRPEA v6.04) uses 4 different strategies, 2 for scalping on Asian session and 2 for scalping on trend all day.


Kind regards,
Adrian.
ForexRealProfitEA Team

Dear Star,


1. The results of the backtest you mentioned in your reply is this a result of the merged backtest for all pairs and all strategies?

Yes.

2. With what risk setting was this backtest run?

Default risk for all currencies: 2%.

3. What was the worst relative drawdown?

At a 2% Risk Percent for each pair, annual average profit is 170% and maximum draw down is 34%. The calculated average is for the last 5 years.
We calculated the risk so that if we lose two times more than the historical maximum draw down, using money management, total loss does not exceed 50% of the account.

4.
We are making available a free demo version of our expert advisor that you can use for tests on demo accounts only, with any broker you might choose.
This demo version can be accessed freely in the Forum, in the Downloads section, after you register with a valid e-mail address.

You will find all the info, including all the backtest details there.


Kind regards,
Adrian.
ForexRealProfitEA Team

Dear Star,

We use FRPEA v6.04 and the default risk of 2% for this account.

Kind regards,
Adrian.
ForexRealProfitEA Team

This account is not updating.Can you please fix it ?

Thanks