Hi Sofian,

Here is a brief description:

Basic Idea:
Having a strong mathematical background the whole EA was developed by me. Key target was to build a solid, fully automated strategy with as minimal draw-down as possible, but keeping a nice and continuous profit.

Method:
EA uses S/R lines to enter trades, also uses these lines for initial SL and TP. Usually uses limit orders to catch the deal.

Money Management:
No martingale like money management, but traded volume is always matched with the maximum possible amount to loose (fixed stop loss).

Trading Time:
Usually it holds the position for a couple of hours.

Stop Loss & Take Profit:
Using dynamic SL and TP, then try to moves both of them. SL and TP is calculated on the current volatility.

Draw-Down:
You can expect around 20% maximum draw-down in the floating EQUITY with the current risk settings. I mean draw-down in the EQUITY, not the balance like others.

Regards,

Balázs

Nice strategy. Thanks for sharing how you are achieving it.
Are you trading it live yet?

stevetrade posted:
    Nice strategy. Thanks for sharing how you are achieving it.
Are you trading it live yet?



Not yet. I plan to start it live around July.

I've started the forward testing in March it seems that the backtest and forward test results are quite the same.
Now I already started forward tests on different brokers then Alpari.

After 3 months I will make it live.

Regards,

Balázs

stephanusR posted:
    Back tested systems don't work they suffer from data-snooping bias. look it up on wikipedia.


Stephanus,

I need to disagree with you or if you like I just partially agree with you. If you carefully read this article
it says that the 'MISUSE of data mining techniques that can lead to bogus results'. In our case this is the backtesting.
I totally agree with it, which means that if you write an EA with a certain number of parameters (more is better),
and start to backtest it heavily, I'm sure you will find some setups that results a positive balance. In this case you
hardcode / hardwire the past, hoping that the future will be the same. And that's a failure. A misuse of backtesting.

But I believe that if you want to develop a successful EA, it MUST preform on backtesting. So it's a required criteria.

So the key is the right usage of the backtesting tool. I think my quite sophisticated development / testing framework
satisfy this criteria. But time will tell...


Regards,

Balázs

Hi, i would be interesting in getting involved in such an EA, money mgmt/signal provider whatever.. i have faith in this system of S/R.. and price action.. let me know bcsendes, when ur ready to manage! juz gimme a msg.. thx