New EA Re: I am sharing Chantika Modified EA. EURUSD, M1 Timeframe

Dear all friends,

I got this Chantika Modified EA from some source as per attached file.

It is in text file. I need somebody to convert it to mq4 source code for all of us to run backtesting and forward-testing on EURUSD, M1 Timeframe.

Please use default settings (because it is already improved and modified to make it LESS SENSITIVE to brokers.

Please use it on following ECN Brokers, demo account to run FT: Tickmill, IC Market, Think Forex, Pepperstone and share any new Profitable preset files here with your results (backtesting or forward-testing is ok).

Have a nice day to all !

James

 

Here it is James

 

here is the EX4 version of this EA james just insert this on MT4 and you can use this , also tell me is this a ea of which you was talking about of your friends ea.

 

Hi Belmort,

Thanks for mq4 code.

To Avishek: No, this is the new ea that I am interested to test. It is a modified version of Chantika EA or similar to WAYGROW.

We have to find low spread ECN Brokers to trade live account.

But my friend's EAs are never scalpers. In fact, my friends do not like scalpers because they know most scalpers are not allowed by most brokers. But trend trading or Martingale EAs are all accepted and welcomed by brokers.

Have a nice day !

James

 

Very impressive must share that ea also please , thanks in advance.

 

im not sure this will work.. because waygrow already dead

 

Hi Phil09,

What did you modify in the code ?

About settings, what set file do you find profitable other than default settings ? And which broker have you run FT to make more than 25% today? These are what we need to share, not general information, my friend.

I have more than 10 such profitable eas that need to be run FT. But now, I prefer to do one by one to have FOCUS.

Waiting for your further information.

Thanks

James

 

I put extern to variables, so we can teak the settings without recompile the source code.
I use default settings on Tickmill ECN demo account.
These are the good news, but the bad news is I cannot set the proper stop-loss until now, so the EA is a quite dangerous without proper SL. Somebody help?

Phil
 
These is the statement:

 

yes the stop loss follow the price.. if you open buy trade, and the price keep going down... stop loss will modify to be larger.. at the end your account will be dead...

 

Hi all,

This ea has stop loss. Test it before giving comments.

By the way, anybody can decompile the attached EA v10 ?

Many people are scared of using Martingale ea because it is very risky, and require big account balance. Please check forward-testing results of 3 days, my Martingale ea made 47% net profit, and max drawdown is only 1%. For last 3 days, market price movements on EURUSD were quite strong, but this Martingale ea survived and made very big profit %.

Waiting for decompiled version of V10

Thanks

James

 

Unfortunately, this EA can't be decompiled James. Why do you want to decompiled it?

 

Hi,

Because V10 expired. It is very profitable on live account. I saw results on verified account at myfxbook.com few months ago.

Well, my mini demo account of 100 usd has made 52% = 52 usd net profit for today. Max drawdown is less than 1.5%, and maximum relative drawdown/floatin loss so far is just a bit over 10%. Good results when we see EURUSD moved very crazily up and down since last week up to now.

On my other big demo account of 3,100 usd, after 1 week, it already became well over 14k usd. I stopped this big account to open a new mini account to run FT on another scalping ea.

Have a nice day !

James

 

Hi all,

Today, lots of trades on eurusd and gbpusd for chantika modifed ea, and all were winners. I don't use default settings. Only change about trailing stops. I stopped trading my Martingale ea on big account to free up one MT4 platform to run more tests on Chantika Modified ea on 100 usd. Now, it has become 108 usd because I use risk = 5% instead of 10%.

About my Martingale ea, up to this moment, already 60% net profit. I really love this gem because everyday, I see it makes new profits.

I see that I shared some eas here, but people like to collect lots of eas from many people instead of focusing on running FT those eas. So, do not ask people to share anything because it is meaningless if you receive it, and put it in collection only instead of using it.

Have a nice day !

James

 

Hi,

Wow, my mini account of 100 usd that used Martingale ea made a new 10% to become 62% net profit as of now, in 3 days only.

I love it, and will run it on my live account next month when my friend give me a free, unlimited version. So far, I have not seen any Martingale ea that can be used on small account of 100 usd (not cents account) and make such good profits / 62% net profit with max drawdown of only 1.32%.

Chantika Modified version also works very well on Eurusd.

Have a nice winning day to all !

James

 

Hi James,

What Martingale EA do you use? Is it v.10?
I attached the v.10 and like u said it's already expired..

 

Wow great james....
Its maybe EurUsd is movingly up down.
But if trending without retrace all martingale system must be end.
You must calculate the risk if the pairs is trending.

 

Hi Sulistio,

Eurusd up and down 200 pips, do you think 100 usd account can survive ? Hehehe.

If you check the account history above, and the entry price (buy or sell), you will see that this Martingale ea does not enter Buy or Sell blindly. It does follow current trend of the eurusd.

Next week, this account will continue to grow as usual.

James

 

Yes...after I check the history, This very great..the EA is follow the trend.
Good job james..Its can be used in minimal balance. Its use trend filter?
With drawdown only 1,32%, You can up the risk for maximal result.

 

when we attach on real or demo account he do not performs any order .