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IrisFX_Multi_ST1-3_Pepperstone - Ended on 18th Jan. 2012 (By crescent )

The user has deleted this system.

IrisFX_Multi_ST1-3_Pepperstone - Ended on 18th Jan. 2012 Discussion

crescent (crescent)
Sep 30 2011 at 10:47
70 posts
[30/09/2011] USDJPY pair removed from all of strategies due to bad trading results.

mazavar
Oct 29 2011 at 06:49
53 posts
did u used it in 5M timeframe for EURUSD by strategy 2? it has great backtest.

crescent (crescent)
Oct 29 2011 at 08:17
70 posts
Dear mazavar,


Thank you for your post.
I've been used this ea only with 1h time frame for strategy 2.
I'm gonna do BT and FT with 5min time chart afterwards.
Thanx for your survey!

mazavar
Oct 29 2011 at 08:48
53 posts
dear tabibito
thanks for your fast response. I have backtested many times in many time period in time frame 5 M.
its wonderful. but the result for eurusd is not same for other pairs. it's just good for eurusd but for other pairs it's disappointing.
do u know why? it may be for low spread in eurusd?

crescent (crescent)
Oct 29 2011 at 09:22
70 posts
Dear Mazavar,

Also glad to know you've tested not only with EURYSD, but also with many multicurency pairs and found out to be gained poor results from them.
BTW, could you please list the brokers you've tested with?
I agree with you that tight spread is necessary condition in using this ea, along with small slippage, no re-quotes, and excellent execution speed to make profitable trades.
If the problem of bad results with currencies other than EURUSD is in the matter of the spreads, I think some ECN brokers can make it, as some forex brokers offer as tiny spreads as EURUSD with other major currency pairs, as well.

Well, I also tested with many currency pairs other than EURUSD, but not changing time frame.
As far as my forward test on IrisFX, strategy 2 seems unstable in its function by default setting, especially the trend is not strong or in box range.
(For this reason, strategy 2 works very good with some special occasions, such as the time of announce of the non farm payroll, etc...)

mazavar
Oct 29 2011 at 09:36
53 posts
dear tabibito
I confirm u. I think when market is flat it doesn't work very well. because it's strategy is based on break out.
I have just used ALPARI NZ broker. it has low spread but high re-quote.
anyway does iris have new version? if, yes how can I find it?

crescent (crescent)
Oct 29 2011 at 13:10
70 posts
Dear mazavar,

I'm afraid, but I also do not hear about the new release of IrisFX.
The vendor seems to stop doing major support on this ea.
As far as I know, no newer Ver. of this ea has come out yet.

mazavar
Oct 29 2011 at 13:14
53 posts
thanks for your information

crescent (crescent)
Oct 29 2011 at 17:48
70 posts
Dear mazavar,

I tested strategy 2 with EURUSD on 5min time frame at many different kind of brokers.
As you mentioned, the result was fantastic!
This setting ate up the balance in a couple of days/weeks later.
Meanwhile, if using forex assistance tool with a function that realizes reverse trades - when IrisFX takes LONG position, then the ea which does reverse trade takes SHORT position, and vice versa - I think we can make large profits in very short term.
However it seems very difficult to realize such trades, since there may be some latencies both in pricing and execution by using such reverse tools, in particular with the EAs normally taking small profits in a few seconds/minutes like IrisFX.

mazavar
Oct 29 2011 at 19:12
53 posts
dear tabibito
what brokers did u test? did the results differ? i didn't understand about Forex assistance tool? but any way only forward test in real account can prove profitability of this ea in 5m timeframe.

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