New EA No Sleep EA With no restrictions

Another big harvest today with No Sleep EA V2.

EUR/JPY was diving for the past 3 days.

I had USD 1800 capital in a cents account.

Pairs I used were:
EUR/JPY 0.04 Lot size (Hedge)
USD/JPY 0.04 Lot size (Hedge)
EUR/USD 0.04 Lot size (Hedge)
GBP/USD 0.03 Lot size (Hedge)

Max draw down was USD 1100 (about 60%)

Settings used were
Multiplier 1.4x
Pip Step: 10
Take Profit 10
Total Trades: 99

Time frame: 1M

My thoughts:

I started off with 0.05 at the start of the month with these 4 pairs. Equity in account was USD 1000. Last week, draw down was almost 70% which prompted me to top up to avoid a margin call.

I then reduced to 0.04 for EJ, UJ & EU and 0.03 for GU and tested for this week. Draw down today was about 60% even with USD 1800.

I feel comfortable with draw-down of less than 50% and as such, I will reduce all lot size to 0.03 instead.

If you want to follow my settings, my advice is per USD 1000, maximum lot size of 0.02. Remember to test on demo before attempting on a real account. Cheers!

 

if friend mine is xm global micro I will be testing the lots as it is very safe this micro I thank you for your help and I will be posting my results in the forum Thanks friend

 

This is my review for this thread:
excellent work and excellent person

 

This is my review for this thread:
is a good robot, but I think it's a conservative setting

 

Oshaban,

Some EAs perform well for
A) ranging markets.

Some perform well on
B) trending markets while others perform well on
C) Super trending markets.

I think we can both agree that martingale style EAs perform quite safely on A and profitable in B.

Super trending happens a few times a year.

I would like to ask how do you manage that?

The dilemma is that if I set my settings to cater for super trending markets, I would miss opportunity during A & B. So there’s a trade off.

What’s your suggestion?

 

Hi Oshaban,
Thank you for sharing your EA.
I have reviewed your MyFxbook link about No_Sleep EA:

• +28.97%
• Abs. Gain: +28.97%
• Daily: 0.29%
• Monthly: 28.97%
• Drawdown: 89.23%

Is there any chance to reduce Drawdown for this EA. It seems to be little bit too high for stable trading?
Do you see any suggestions to reduce this number?

 

Due to news. I really wish there is a function for Stop Loss or Trailing Stop.

https://m.investing.com/news/forex-...reats-as-euro-rebounds-us-data-weighs-1091995

Other than that, this EA is very profitable under normal condition.

 

Thank you Ochaban for good explanation.
Can you tell if new version 3.2 is better handles DD besides better Set file?
Ron

 

This is my review for this thread:
Fantastic EA

 

This is my review for this thread:
the second best ea i have download here

 

Ea with low drawdown i think safier than high drawdown
although profit might low but can longer life if compared with high drawdown

 

Thanks for sharing oshaban. I really wish got a chance to test your new EA.

 

I really wish got a chance to test your new EA Grid-Averager-PRO Thanks in advance

 

Thanks for sharing
No Sleep EA With no restrictions
I test Real Acc XM micro Good EA
But new EA i can test it

 

So, who survived the EURUSD rally today? ) I do )


Sent from my iPhone using Tapatalk

 

can you share your results my friend

 

Hi Oshaban,

Can you share your Set files for these 2 pairs? I am running Optmization for ver 3.2 and expecting to have it ready by tomorrow. I will share the results with others here. It will be EURUSD pair.I know that all set files are different and very much depends on broker. But it
gives some idea on some parameters.

 

Inizia il test

 

To be snoby here is not a best behaviour.