Biz01 is correct in that it is a scalping system. Win Loss ratio naturally needs to be high in this type of system. Regarding stoploss there is an internal max damage parameter setting. As with any trading position be it manual or EA placed during volatile market conditions the risk remains equal for both stoplosses to be skipped or slipped.
The EA is runs on specific pairs at certain time windows to avoid Data swings and minimize high market volatility ie; market opens/closes. What you dont see are the trades that are not taken due to misquotes, invalid prices, spread too wide that are in the Journal. Operating off tick data all functions are housed inside the EA so there are no order modify routines. What we have found during live testing, and this varies from brokers, that some trades do get slipped on the execution side. For entries it is not an issue as the ea compensates for this in the t/p calculation. However slippage on exit can take a 1-2 pip win to a 0 trade or 1-2 pip loss, given the win/loss ratio this fares acceptable. When running on a retail broker such as fxdd,ibfx,alpari,etc because they implement filter in the data feeds you see a large reduction in the number of trades due to the reduction of available tick data. Institutional feeds fare better, which the majority out there do not trade on. We are running the EA here for the features available in the stats, not to make an offering to sale. Thanks for your comments, those are absolutely valid considerations from someone experienced.
MFeH posted: What is abit strange is that the statistics says 'Worst trade - 328.98$' while at the same time speaking of zero lost trades. How can that be? Is a loss of more than 300$ still a 'won trade'?
Actually if you point with your mouse on the lost trades, you'll see that 1% of the trades were lost. Since the width of the bar is small, 1% is not visible hence showing as if no trades were lost.
Thank you for pointing that out, it will be fixed.
Hi I have had some experiance with forex Gen. Eas that work there do not work on real brokers well. They also do not expect you to profit and you will need a team of lawyers to even get your deposit back.Their data feed is set up so that eas can make unbeliable profits.I have one for sale that will make you a million a month with Forex gen.LOL
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