Volatily Scalp, USDJPY Expert Advisor

This is the result of optimization that I did on USDJPY pair using VS_EURCHF_D01 or Pipturbo EA. When I published Volatily Scalp EA, this pair is not included in my recommendation. I prefer to the USDCAD pair, because it backtest results from the period 2004 until February 2009 gives better result.
What's interesting about this backtest results are not used daily filter. So I set the MaxDayAtr to the greater value. I also let TradeLowRangeDay and TradeOutSideBand value with True. However, it has a limited trading time. EA will only work in 22-23 GMT +2. But in practice, based on the logic contained in EA, this means that EA work at 22-0 GMT +2. So don’t expect a lot of number of trades will be executed. And unfortunately, this is just a short back test period, which begins January 2008 until February 2009.

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.