Welcome, traders!
Today, we’re diving into the NeuroNirvamanEA, a powerful trading system for MetaTrader 4 that focuses exclusively on the EUR/USD pair. While I haven't tested it on other currencies, I can say that it's optimized for the M5 timeframe.
| Symbol | EURUSD (Euro vs. United States Dollar) | ||||
| Period | 5 Minutes (M5) 2009.05.22 00:00 - 2009.06.05 22:55 | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | SSP=20; periods=64; distancia=8; x11=130; x12=80; tp1=43; sl1=17; SSP2=2; periods2=74; distancia2=14; x21=140; x22=86; tp2=49; sl2=16; distancia3=13; distancia4=15; periods3=98; periods4=52; x31=196; x32=78; pass=3; lots=0.1; mn=555; | ||||
| Bars in test | 4124 | Ticks modelled | 161267 | Modelling quality | n/a |
| Initial deposit | £100,000.00 | ||||
| Total net profit | £906.33 | Gross profit | £2637.04 | Gross loss | -£1730.72 |
| Profit factor | 1.52 | Expected payoff | £5.89 | ||
| Absolute drawdown | £4.00 | Maximal drawdown | £222.24 (0.22%) | Relative drawdown | 0.22% (222.24) |
| Total trades | 154 | Short positions (won %) | 89 (37.08%) | Long positions (won %) | 65 (43.08%) |
| Profit trades (% of total) | 61 (39.61%) | Loss trades (% of total) | 93 (60.39%) | ||
| Largest | profit trade | £47.00 | loss trade | -£19.72 | |
| Average | profit trade | £43.23 | loss trade | -£18.61 | |
| Maximum | consecutive wins (profit in money) | 4 (176.00) | consecutive losses (loss in money) | 7 (-£127.00) | |
| Maximal | consecutive profit (count of wins) | 176.00 (4) | consecutive loss (count of losses) | -127.00 (7) | |
| Average | consecutive wins | 2 | consecutive losses | 3 | |
Now, let's get into the nitty-gritty of how to make the most of this EA. Remember, optimization is key! You’ll need to tweak your settings every weekend using at least 15 days of data, which can take about a week.
The strategy behind NeuroNirvamanEA is simple: cut your losses early. It tends to lose about 50% of the time, but when it wins, it makes up for those losses and then some.
I’ve personally tested it on a live account, and the results mirrored those from the demo. However, as is the case with many great EAs, the backtest results can be overly optimistic. But hey, if you aim for the stars, you might just reach the rooftops!
If you find success with this EA, I kindly ask that you consider giving back to those in need in our community. It’s a fair exchange for what I’m sharing with you.
You can make your donations here: Donation Link
Now, before you get started, here are a few pointers:
- Forget static indicators; your targets and stop losses need to adapt to market conditions.
- If you don’t optimize every weekend, you risk losing money. It only takes about a day to complete optimization.
- If you prefer a hands-off approach, you can auto trade by using my signals available through brokers like FXCM, Alphary, and others. My system is listed as "matadorfx".
I’ll start sharing my signals today (June 8, 2009). Keep in mind that past performance relates to an older system I used.
For the EA to work effectively, make sure to follow these steps:
- Place the Sv2.mq4 file in your Indicators folder.
- Place the Laguerre PlusDi.mq4 file in your Indicators folder.
- Place the NeuroNirvaman.ex4 file in your Experts folder.
Finally, here’s how to optimize the network:
- Stage 1: Train the EA for long positions.
- Stage 2: Train the EA for short positions.
- Stage 3: Teach the EA to recognize market types.
After you’ve completed these stages, ensure that the final settings are saved with “pass=3” to use the EA on your chart.
That's a wrap! Best of luck, and may your trading journey be profitable!
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