Suggestion ProfitFX EA

Hi All,

I have this one, but I don't have the right settings to make it profitable long-term.
Can you please test it and help me find the best settings?


http://robotsforex.ru/sovetniki/profitfx/

 

Look as good ea,
what is this eas support for all broker and all pair?

 

Hello,

Thanks for the EA.
I see the settings are in Russian, but the tester translated it to English.
To understand the Robot we must understand the parameters and how each one of them affects the operation.
There ´s no manual, only the info provided in the webpage and they not show the settings used on their backtests.
The test with the preset in the file is not good.The Robot lets orders opens that carry some DD.In some tests the DD is around 80% (very high and probably MC).
Manual attached (doc file).
.
Test with preset file.

 

Some other tests with different settings.
The DD is still too high.
Base balance = 500.






Parameters :

WorkTF=0; TimeStart="00:00"; TimeFinish="00:00"; CloseAllAfterTime=false; PersCloseBy=40; MaxTrades=3; Distance=500; TakeProfit=100; StopMod=1; StopLoss=1500; UseClasicTral=true; TrailStart=70; TrailDistance=50; TrailStep=10; Lot=0.01; Risk=1; _="RSI properties"; RsiMinimum=30; RsiMaximum=70; RsiPeriod=31; __="Moving Average close"; MAtf=0; StopDistans=50; MAPeriod=450; MAMethod=0; MAPrice=0; RsiPrice=0; ___=""; BayCol=LimeGreen; SelCol=OrangeRed; Magic=201777; Slipage=20;

 

Base balance = 1500.
DD = 27 %.More acceptable.
I think for this Robot you will need minimum 2000 balance.

 

Taken from their report.
http://robotsforex.ru/states/real/profitfx/DetailedStatement-profitfx1.htm
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
37037362 2016.12.21 08:30:21 sell 0.01 eurusd 1.04044 1.05344 1.03821 2016.12.21 18:15:00 1.04305 0.00 0 0.00 -2.61

They use TP = 60 (6 pips).
SL = 1200 (120 pips).
But we do not know the other settings.

 

http://robotsforex.ru/states/profitfx/StrategyTester-ProfitFx-eurusd-15m-1b.htm
TP = 40
SL = 1200

 

Settings :
WorkTF=0; TimeStart="00:00"; TimeFinish="00:00"; CloseAllAfterTime=false; PersCloseBy=40; MaxTrades=3; Distance=400; TakeProfit=40; StopMod=1; StopLoss=1200; UseClasicTral=true; TrailStart=40; TrailDistance=40; TrailStep=10; Lot=0.01; Risk=1; _="RSI properties"; RsiMinimum=30; RsiMaximum=70; RsiPeriod=34; __="Moving Average close"; MAtf=0; StopDistans=50; MAPeriod=450; MAMethod=0; MAPrice=0; RsiPrice=0; ___=""; BayCol=LimeGreen; SelCol=OrangeRed; Magic=201777; Slipage=20;

 

Best setting so far but DD still 54%.
Double account.

WorkTF=0; TimeStart="00:00"; TimeFinish="00:00"; CloseAllAfterTime=false; PersCloseBy=40; MaxTrades=3; Distance=500; TakeProfit=100; StopMod=1; StopLoss=1500; UseClasicTral=true; TrailStart=70; TrailDistance=50; TrailStep=10; Lot=0.2; Risk=1; _="RSI properties"; RsiMinimum=30; RsiMaximum=70; RsiPeriod=31; __="Moving Average close"; MAtf=0; StopDistans=50; MAPeriod=450; MAMethod=0; MAPrice=0; RsiPrice=0; ___=""; BayCol=LimeGreen; SelCol=OrangeRed; Magic=201777; Slipage=20;

 

Base Balance = 1000.
Above same settings but Base Lot = 0.03.(Risky).
Account Balance x 1.5.



Some other member post it findings.

 

10k starting balance.
Default settings EU H1 and EU M5 2018, both same result:

 

Hello,

Yes, the EA is very risky.
Try this to compare the difference between Brokers.
Use same balance, lot and same starting point.

 

Try this one - similar EA.

 

FXTrainRSI EA.
EU-M15.

 

Wow! Fast results! Thanks Joshua!

Now, how many will download this one?
And how many will even give a thumbs up to say thank you?
People, if you download you should also give a thumbs up to show appreciation to others.

 

[QUOTE = "Joshua, post: 311999, member: 5715"] FXTrainRSI EA.
EU-M15.

[ATTACH = full] 86032 [/ ATTACH] [/ QUOTE]
what 's the good setting please

 

any tip for 100 usd cent account?

regards

 

Guys,

I have said this before.
You have to make some tests and optimize the EA for your own Brokers.
Then put the EA on forward Demo for some time to understand and see how it works the EA.
For Balance of course more balance the better, but use low risk and less orders.
100 units balance is nothing in Forex.I consider minimum 500 units.
Each Broker is different with different conditions and many variables that play.
Regards.

 

I like the frequent and quick trading. Hate holding on to trades that go nowhere!
Testing continues on Demo. Now using 0.1 Lots on three pairs:



Real results show similar performance. Little difference, but less trades:

 

BluePanther,

"I like the frequent and quick trading. Hate holding on to trades that go nowhere!"

I like that too.And the night swap can be with you or against.
But you added more pairs too soon.Keep risk slow.

 

Demo... it is okay!
On my Real account I am only using EU as I have a small balance.

Thank you for the share! I hope we can succeed at this game.