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I've just noticed another apparent home for this EA.
http://www.forexninjarobot.com/
Looks to be exactly the same set up to me.
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I would advise serious caution before buying this EA. It only works on dubious brokers and many people fail to get it to work.
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Just for reference, an EA only runs the code every time it gets a new tick. As EurUsd generally has the highest tick volume you should place any none currency specific EA's on EurUsd if it's important they react at the earliest opportunity.
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You don't drop it on the same chart, you drop it on a new chart for the same currency pair.
Just ensure the magic numbers tie up.
In fact, given that FGB doesn't set a hard stop I'd be inclined to drop it onto a new chart on a separate install of MT4 just in case Swiss Army crashes your MT4 ( not saying it will but better safe than sorry ).
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Firstly, I'll say that I am not affiliated with FGB in any way. I do however use it.
I've attached a copy of the backtest from February 2007 to beginning June 2007. As you can see the EA pretty much lost for three months solid. Would you have stopped trading it here? If so you would have missed out on all the months after this date where it pretty much won solidly?
It's easy to discard something with the comment "The market has changed" but how has it changed? Why has it changed? And is it permanent?
If it has changed and it's permanent then where does that leave us? If we analyse......
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Guys, it's not really hard to reproduce Fughe's settings. He has stated that he optimised for June-August 2011. Therefore if you have the advanced version go away and run an optimisation for that period and pick the settings that work well. Then test them over longer periods. While you might not match Fughe's settings you will no doubt come close.
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I suggest you run a backtest
1999 March, April, May - three losing months in a row followed by
1999, September, October, November - three losing months in a row followed by
2000, February, March, April - three losing months in a row followed by
2000, September, October, November - three losing months in a row followed by
2001, August, September, October - three losing months in a row followed by
2002, February, March, April - three losing months in a row followed by
2007, March, April, May - three losing months in a row
Those are just the periods that it lost three months in a row, there ar......
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[quote]fughe posted:
[quote]stevetrade posted:
Test your settings over a longer period and let us know the results.
In general optimising EA's based on short term price data ( a few months ) is the quickest way to the poor house.
[/quote]
Out of curiosity i ran an extended back test with tick data from dukascopy. The results were basically the same over the long haul.
[/quote]
Excellent, well best of luck with them then.
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That's the whole point. You never know when the market will change it's behaviour or what it will change it to.
Looking at the past couple of months and saying "Oh I made losses I'd better adjust my settings to what would have made me money over the last two months" is over-optimising and you will get caught out time and time again.
Amongst other contributing factors, such as fundamentals, the markets have seasonality to them. Are you taking that into account? Settings that worked well during the summer are not likely to work well in the autumn or winter. Settings that are good in......
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Test your settings over a longer period and let us know the results.
In general optimising EA's based on short term price data ( a few months ) is the quickest way to the poor house.
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