Dear Joey,
hotjoey wrote:For example, my demo account balance is $1000. Does the EA automatically calculate the lots?
Yes, the EA calculate the lot size according to the
inpRisk parameter. This is the percentage of the account balance to risk in every trade. For example, if this parameter is 2, then the EA will risk 2% of the account on every trade, this means that the EA calculates a different Lot size for every trade based on the Stop Loss that will be used for that trade, no matter how far or close the Stop Loss is, the EA will calculate the Lot size so that if the Stop Loss is hit, 2% of the account will be lost.
hotjoey wrote:According to your demo performance, how is the maxdrawdown percentage? how is the profitability?
Please take a look at the following data backtesting from 2008 to 2011 trading GBP/USD with
inpRisk = 2 :
Initial deposit 10000.00
Total net profit 341965.44
Gross profit 1761212.46
Gross loss -1419247.03
Profit factor 1.24
Expected payoff 413.50
Absolute drawdown 484.92
Maximal drawdown 155450.80 (34.84%)
Relative drawdown 44.76% (95628.92)
Total trades 827
Short positions (won %) 403 (46.15%)
Long positions (won %) 424 (44.58%)
Profit trades (% of total) 375 (45.34%)
Loss trades (% of total) 452 (54.66%)
Largest profit trade 56402.73
Largest loss trade -9554.34
Average profit trade 4696.57
Average loss trade -3139.93
Maximum consecutive wins (profit in money) 8 (3184.46)
Maximum consecutive losses (loss in money) 11 (-28484.03)
Maximal consecutive profit (count of wins) 66441.77 (4)
Maximal consecutive loss (count of losses) -44137.62 (5)
Average consecutive wins 2
Average consecutive losses 2
hotjoey wrote:If i use the EA on my live account(balance is 1000$). Do I need change the lots?
No, you only need to set the
inpRisk parameter with the risk you are willing to take on every trade. The defalut value is 2. Please DEMO test this EA until you are confortable with it before trying on a live account. Some times I manually move the Stop Loss or the Take Profit levels before the EA does, some times I manually close the trade before the EA does. I'm still working on the EA so it can take that desitions by it self. One thing I'm demo testing with good results is using the EA with GBP/USD, EUR/USD, USD/JPY and USD/CHK pairs at the same time. Please remember that although I am striving to make it profitable, this is just a program and eventually could lead to losses. I'm sharing it for free, so
use it at your own risk.
hotjoey wrote:Another question about the bar time indicator on your screenshot, show as follow, could you please tell me the name of it?
I am based in GMT+8, but my broker FXDD timezone is in GMT+3; and the EDT, EST time changing... all the stuff drives me crazy...... I think my manual setting about the timezone would damage the performance of the system. So, please introduce the wonderful indi to me.
That is not an indicator, is part of the EA. The EA displays H1 Bar Time information to help configure it correctly. Version 1.2.4 displays more detailed information there. The following post will guide you on how to set timing parameters correctly:
http://forums.forex-strategies-revealed.com/advanced-system-trend-lines-breakout-system-t218-150.html#p6806Happy trading,
__________________
Haydel