Suggestion Best Profitable EA Hendro

i suppose that there is a trailing SL built into the hendra code, which you can't see in settings.
Therefore the EA closes one position earlier, before reaching the TP. The initial TP at me is 30 pips but all trades were closed earlier, at about + 5 pips. Similar is with SL, my initial SL is 35 pips but there were already trades where a position was stopped with -13 pips . Unfortunately I do not have a manual for the EA.
I also don't know what "TryTakeProfit" means in the settings. Maybe someone knows that?

 

The Hendra Robot works well in 15Mins timeframe only.

 

The EA works best in 15min timeframe and you need to use a low spread standard broker or low omission ecn broker.

 

Are you using it as Robin explained? Gives good results in 30M with default settings.

 

Please run the ea for a week and try back testing with the weeks data and check if the data matches. if not adjust the timezone or tick data sources to match the forward testing results. This backtest will be best for you. I tested and matched for 15 mins timeframe and results were good as mentioned.

 

Does anyone know how to set the EA to run 24hr? The time setting is abit confusing

 

You can set the Open hour 1: 23 and Close hour 1: 22 so it will run round the clock, but I don't recommend it. Less trades is more profitable.
I tested that the best runtime for this robot is 22-24 GMT, results are even better than default setting, but the jumping spread at that hour is complicated. Results can be very different between a 0.9 spread and a 3.0 spread. That's why it's vital to use brokers that offer the narrowest or fixed spread during that hour. The reason all night time scalping robots perform extremely well in backtest but fail in live trading is because of the jumping spreads.

 

Thanks for the help. could you show a screen shot of the time setting of the EA? I am pretty dumb at this or this is too confusing

 

Here it is (I set GMT offset 0 because it's my broker's timezone)

 

I also need help with the GMT off set.

Anyone can help me? I live in Panama, which is GMT-5.
I'm trading with IC Markets and they have GMT+2 or GMT+3.

Can you help me what do I have to put into the GMT Offset and why do I have to put in this number?

I guess this will also help pugspuggy

 

I think the below info helps those on the GMT time issue. So I presume we should all be at "0"

https://hercules.finance/faq/which-time-zone-in-fbs-mt4-account-and-the-trading-hours/

 

Thanks for the help.

I am trying out different time settings and see how they perform. Hopefully I can give you guys some updates. It will be at least a month FT based on my personal testing.

The below will be how my analysis will be presented in. I have differentiated the different time settings by using different lot size.

TF = OPEN HR 1 - CLOSE HR 1 - OPEN HR 2 - CLOSE HR 2 - TF

 

Christian, for you the same setting is valid as I already wrote in Post #62.

 

My results from demo account after 5 weeks trading. Only EURUSD and GBPUSD.

 

Attached last week trades below with 101profit.

 

Last two days trades

 

Please share the EA and setup files, thank you very much!

 

Please share the EA and setup files, thank you very much!

 

Please share the EA and setup files, thank you very much!

 

Please share the EA and setup files, thank you very much!