VS_EuroCross_D05 Available on August 2, 2009

I have to apologize because you have to wait until August 2, 2009 for downloading VS_EuroCross_D05. I just finished to build this version, but still little modification is needed. However I have already made backtest, and you can compare with my previous backtest. It is same result with FixedTP version. Only there is a significant difference with previous version, at this version I use spread + n pips formula instead of double spread, and the last it become external variable.
This change make incompatibility with any previous mql version. But seem it still possible to make flexibility using spread + n pips formula or double spread.

VS_EuroCross_D05 will be available before August

I have lose my latest work, but seem I can start again and complete it before August. However if I fail to complete this version, then the FixedTP version become VS_EuroCross_D05 just it will come without time expiration.

How to Choose a Broker

I run my demo again today rd3etifapw. I decide to use NordMarkets to run VS_EuroCross (FixedTP). I use the same setting with my previous forward test on Tadawul. There is a significant difference in EurGbp Spread at NordMarkets. It offer 2 fixed pip spread.
It doesn't mean i give a recomendation to use this broker to run my EA. Its only cause I see that seem it price movement close to real feed.
However if you are looking for a good broker to run my EA, then just look their liquidity in the Asian Session. Compare several broker real feed, your first attention to find the highest true range (20 Period ATR). Mostly you will find the broker with 5 digits has higher range then 4 digit broker. Next look their spread. Its good if you can find a fixed spread broker that their spread is less then 5.
ECN Broker
It seem a hard one to find low fixed spread broker and looking ECN broker is the best one. ECN offer floating spread (low) according to market liquidity and mostly give another transaction cost. Thus we pay for commission and spread. If you decide to use ECN broker then make sure their commission is less then 1 pip value per trade size. This is important because my EA calculates the profit in pip. I ever find a broker with really good feed and execution. It has higher liquidity then others broker during trading time. But I forget to calculate their stupid commission. Its equal to 5 pip! Sick. My EA can make 7 positive transactions, but all become negative, because it just 4 pips profit per trade.
Requote
Requote is another aspect that you must think before using a broker. Unfortunately we must trade in real to know it. There is no other way to know how good their execution except to test it directly.

I Stop My Test

I already stop my forward test on TadawulFX. The data feed on EurGbp is very difference with actual price and unacceptable. However it show us the useful of showing our target. But if you want to compare between your demo on other broker with Tadawul, then here the login 999333047 and password bxr3kqr of demo account.
I run 3 vs_eurocross on this demo account, 2 on EURCHF pair and the rest on EURGBP. Since last week I use the FixedTP version.
Set 1:EURCHF
OpenHour=19;
CloseHour=23;
Risk=25;
UseAtrMod=true;
MyOwnTarget=5;
VisibleTP=True;

Set 2:EURCHF
OpenHour=22;
CloseHour=05;
Risk=25;
UseAtrMod=true;
MyOwnTarget=5;
VisibleTP=True;

set 3: EURGBP
OpenHour=19;
CloseHour=23;
Risk=25;
UseAtrMod=true;
MyOwnTarget=5;
VisibleTP=True;

Others setting is default for all sets. Trading hour is GMT+2.

A week before updating

As I have stated before that the next version (D05) will be unlimited one, and may be in the short period there is no more any change after that. The version will be release as usual on 27 July or before 1s August 2009.
The FixedTP version is the base of D05 version. Also as I stated before about possibility to use new Indicator, but seem i will not use it the next version. Right now i just think to add news filter because this task is always appear every month.
About Selling My Source Code
I think there is a misunderstanding regarding this issue. It seem i will force you to buy (donate) to get the next version. No, absolutely its a wrong perception. In fact I will release D05 without time expiration as usual in previous version.
What I sell is my VS_EUROCROSS without using activex file. I give you a choice to use unexpired VS_EuroCross with activex version, or to buy the source vs_eurocross without using dll. GPL license will guarantee you can modify my source and resell it, but you have also give your source to your buyer. Term Free is the freedom to get and modify the source code. Other wise you can modify and never sharing your modification if you don't want to share your source.
Anyway if you have another option then you can also contact me to see if we can make agreement.

VS_EuroCross_D05 will be unlimited

After more then 4 months forward testing, may be the next release of my VS_EUROCROSS will be unlimited version. I will stop for a while any improvement of this version. As exchanged I will finish my others EA or begin migrating this version to another platform, such as Dukascopy.
I Will Sell The (MQL4) Source of VS_EUROCROSS
I have stated in my VS_EurChf that my main business is selling the source code. I just shared the compiled version of my EA with or without time expiration and expecting donation from your profit that made by my EA. May be this is my general answer for all who ever asking me about sharing the mql4 version instead of using the Activex. It make me more confidence to state selling source code instead of saying selling Expert Advisor.
If you can accept the GPL licenses and want to pay for 500$ to get the copy, I will wait a minimum 100 offers before accepting all your offers. Thus mail me at volatily@gmail.com if you want to purchase it, and do not send any money to my PayPal account before i give you notification to send your payment.
Perhaps from this income can improve this blog, and may be next time all forward test in this blog will use real account, and therefore will give more confidence before using my EA in your real account.
However if you use my Activex version, i still expecting donation if you made profit as my general term in sharing my EA.

Redownload My FixedTP Version

There are two wrong statement in the previous:
double sf=MathMax(sf,arratr[0]/mypoint);//line 751
It should be double sf=MathMax(sp,arratr[0]/mypoint);

isModBuy=OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()+StopLoss*mypoint,GetOptimalTP(Magic,OP_SELL),0,Red);//line 797

It should be:
isModSell=OrderModify(OrderTicket(),OrderOpenPrice(),OrderOpenPrice()+StopLoss*mypoint,GetOptimalTP(Magic,OP_SELL),0,Red);//line 797

Best Performance

I think this is the best performance from VS_EUROCROSS since d01.


EurGbp trading time 19-23

Eurchf Trading Time 22-05

Eurchf Trading Time 19-23

Showing The Target (New Update)

I add another feature to VS_EUROCROSS that allowing EA to show its target. On my experience during last two weeks, it seems the Expert suffered too much slippage. This is especially when Expert holds more then 1 positions and tries to close all position at once.
What I see if price make up down move within 6 pips will make EA react and often EA will get requote. After make several test finally I can add this feature to VS_EUROCROSS without affecting all the exit rules.
POSSIBLE PROBLEM IN LIVE TRADE
Although backtest show there is no much difference when using fixed target (I am not sure but its looked better), but something difference may occur in live trade. All broker can rise their stoplevel and if the stoplevel become the highest then our signal filter or MyOwnTarget, then the target become meaningless. But still it is useful when somehow you loose connection to your Server. Although it is possible to tell EA to set the target every tick or bar, but I decide to let EA doing this thing just when new position is taken. But still the EA will force to give fixed target when it failed in the first attempt. Therefore each position will has difference fixed target.
Another possible problem is the freeze level. This is happened when the expert tries to close an open position while its target is very close with market’s price.
To disabled this feature, then you can set the VISIBLETP variable with FALSE, because I let the default value with TRUE.
You can see my MT4stats; the trades on EURGBP have a fixed target and one of them get hit.
Showing the Target

May be I Will Add New Indicator

I get an indicator that may be i will use it in all my Volatily Scalp EA. Actually I have tested this indicator at the same time with ATR Mod indicator. But i decide not including this indicator in VS_EUROCROSS_D04 and only introducing the use of ATR Mod indicator.
If using ATR Mod tend to trade earlier, in the other hand using this indicator will make our trades will be triggered later. Probably by using this indicator will reduce the dependency of making averaging. But its still earlier to take conclusion because i still make some backtest before deciding to use it or not.

Without New Indicator

With New Indicator

The Idea Behind VS_EURCHF

I try to trace back my VS_EURCHF_D01source including any note during developing this EA. One you should know, that my first time I made Volatily-Scalp EA to trade EURUSD pair. And VS_EURCHF_D01 is an improvement of Volatily-Scalp General Version.
Early I don't use Keltner Channel, but I use an envelop indicator. I switch from using fixed envelop to use Keltner channel because it has a flexibility to switch to any time frame.
But i get surprised when I test it on several pair, it can make profit without any modification in the code. You can see the screenshot on the manual. But the best result is coming from EURCHF, and for this reason i give the version name VS_EURCHF_d01. And because during developing this EA, the spread on Cross pair is widen, I get the idea to use double spread filter as minimum range to execute a trade. First time I don't use this filter because on EURUSD pair spread is not a problem.
I have compare 3 source, PIPTURBO, VS_EURCHF_D01 crack, and I think the link above is the source that I compiled in VS_EURCHF_D01 package file.

PIPTURBO, SELLING FREE EXPERT ADVISOR TO PUBLIC

I receive an email from someone who sell PIPTURBO. Here said in his email:

I am the one selling Pipturbo. Unfortunately it seems an incident has come up, please let me clarify and offer you some gratification.

I paid an EA developer to build me a solid EA that could backtest and forward test well on atleast 5 popular currency pairs. I wanted it to have lots of features and customization opportunity. Well, what he gave me seems to have been either sourced extremely well off your ea VS_EURCHF or he basically just copied it and changed a few things here and there.

Regardless, it is clearly a big mistake and I am trying to get a hold of the guy that did this to me, but so far no answer from him.

But I am willing to offer you a donation in exchange for selling this slightly modified version of your EA and removing all negative posts about Pipturbo being a clone.

If you agree, I would be willing to donate you $xxx.

Again, I apologize for this, I should have done better background checks before hiring someone to do this kind of work. I hope we can make an agreement about this.

My answer, "I am sorry we can't make that agreement".

I receive donation and letting people buy that something they can get it for free? No thanks. You don't have to apologize. But let people know what PIPTURBO is.

PIPTURBO, IS A CLONING OF VS_EURCHF_D01 ?

A new commercial Expert Advisor is releasing during this week and its name PIPTURBO. It is really new, because when I visit their official site and there is nothing out there except their home page. But I find something an interesting when I visited a site that reviews about PIPTURBO http://forex-naked-truth.com/pipturbo_review.html. Here is their statement:

PipTurbo also offers many trading filters that will prevent the ea from trading if certain conditions are or are not met. Some of these are very important and most users will wish they were implemented in ever EA they try.
Time Based Filters:
- Because most of the conditions occur at the closing of American’s Market to Asian’s Session, PipTurbo will include a Time Based Filter.
- Trade time only 21-0 GMT general for all pair. A larger time frame can be used like 21-4 but backtests will show fewer losses if kept at the 21-0 timeframe.
- No trades during the first 2 hours on Mondays. Many surprise moves here.
- No trades on Friday after 8 GMT.
- No trades from 20th of December to the end of the first week of the new year as this is one of the worst periods to trade.

Daily filters:
- No trades if the previous Daily close was above/below 2 deviations of Bollinger Bands.
You can avoid this rule to set TradeOutSideBand’s value to TRUE.
- No trades if current 5 Period of Daily Chart showing above MaxDayAtr.
- No trades if the previous days range is too low. Too low is defined as (yesterday high – yesterday low) is less than the current 5 day ATR. You can avoid this rule by setting TradeLowRangeDay value to TRUE.

I don’t mind if they create this expert from the scratch. It’s possible because all VS_EURCHF logic is explained in the manual. If really they make it from the scratch, and state that it is an EA that base on VS_EURCHF manual, then I am glad to recommend any my visitor to buy this Expert as an improvement of VS_EURCHF. But it’s sad if they just crack any free ea, repackage and then sell it to public.

Trade in the right time and the right size

Since d04 I make forward test with 2 instances of VS_Eurocross on EUR/CHF pair with difference time trading set. It is just another way to optimize my system instead of changing any possible variable. I still try to build a version that can run with several time set at once with difference risk, Money Management and maximum trade. What the lack of Meta Trader platform that we can perform a back test with more then 1 system in single account. So we must combine all system in a single EA to perform such test.
Perhaps by doing this test, it can help us to decide when to put our risk at maximum value, and when we must trade with low risk. Putting risk on the right size is not easy task. Although there are some money management strategy but not every system can match with those formulas.
I post the trades of the trading from last night and seem if trading time 19-05 is worse in this case, it hold trade longer and get less pip.
Open Hour 19
Open Hour 22
On both picture you see also why I am not recomending to run more then 1 expert at a terminal. You can see the spike, once expert can get 2 trades while the other just a single trade. No matter how good your PC and the realibility of your internet connectivity, all expert advisor that run in a terminal, is executed in a single Thread. You can search in google what the term of Thread meaning in programming. But what I know that if an EA is executing its order, then the other's expert on the same terminal must wait to execute their order.