Thread: ForexPIPZen Expert Advisor Wins Big

This EA is worth a look

Clicking the image brings you to a page with all the details of the tick test.

There is a free 30 day trial of this expert advisor. It works live and demo. You only need to give your email no signup or creditcard number is required.

The installer file sets everything up quick and pretty easy.

It is a solid expert advisor and you can do your own forward test.


Some details below



Strategy Tester Report
ForexPIPZen_106_LITE
Tadawulfx-Demo (Build 225)

Symbol EURUSD (Euro vs US Dollar)
Period 1 Hour (H1) 2008.01.02 09:00 - 2009.12.13 23:00 (2008.01.01 - 2009.12.14)
Model Every tick (the most precise method based on all available least timeframes)
Parameters Copyright.="- © 2008 ForexPIPZen.com -"; AllowedPair_Version.="- EURUSD 1 HOUR Version -"; AllowedPair="EURUSD"; SendEmail=true; Magic=887453; slippage=5; IMPORTANT...="- Replace 99 with your broker GMTOffSet below or Optimize -4 to 8 -"; GMTOffset...="- Examples: IBFX = 0, Alpari US = 2, FXDD = 3 - "; GMTOffSet=2; Risk..="-Use PercentRisk Enter 0 in Lots. Default 3 = 3% - Max 10% -"; PercentRisk=10; Lot..="-Use Lots Enter 0 in PercentRisk. Default 0.1 - Max 1 lot -"; Lots=0; StopLoss=93; TrailingStopPips..="- Default = 15. MAX Value 21 -"; TrailingStopPips=11; MaxLossNote..="- Default = 0.01 to 0.70 EX:PercentRisk of (3) - 0.50 = -2.5 MaxPercentLoss -"; MaxPercentLoss=-10; Entry.Exit.Filter1..="- Off When false, Default = true. Values 3 to 6 -"; UseFilter1=true; Filter1Smoothing=4; Entry.Exit.Filter2..="- Filter 2 available in ForexPIPZen Standard -"; Lock.Pips.Filter1.="- Off When false, Default = false -"; LockPipsEnabled=false; LockPipsThreshold=9; LockPips=3; TakeProfit.="- TP5 Take Profit Value Limited to < 21 In ForexPIPZen Standard -"; TP5=19;

Bars in test 13013 Ticks modelled 14586788 Modelling quality 90.00%
Mismatched charts errors 1

Initial deposit 50000.00
Total net profit 73336.54 Gross profit 122413.00 Gross loss -49076.46
Profit factor 2.49 Expected payoff 71.90
Absolute drawdown 4059.00 Maximal drawdown 15121.00 (16.04%) Relative drawdown 16.04% (15121.00)

Total trades 1020 Short positions (won %) 540 (96.30%) Long positions (won %) 480 (94.38%)
Profit trades (% of total) 973 (95.39%) Loss trades (% of total) 47 (4.61%)
Largest profit trade 494.00 loss trade -2050.40
Average profit trade 125.81 loss trade -1044.18
Maximum consecutive wins (profit in money) 149 (20727.90) consecutive losses (loss in money) 5 (-9300.00)
Maximal consecutive profit (count of wins) 20727.90 (149) consecutive loss (count of losses) -9300.00 (5)
Average consecutive wins 46 consecutive losses

The forex options market started as an over-the-counter (OTC) financial vehicle for large banks, financial institutions and large international corporations to hedge against foreign currency exposure. Like the forex spot market, the forex options market is considered an "interbank" market. However, with the plethora of real-time financial data and forex option trading software available to most investors through the internet, today's forex option market now includes an increasingly large number of individuals and corporations who are speculating and/or hedging foreign currency exposure via telephone or online forex trading platforms.

thanks for info