How It Works:
NTK 07 operates by placing two pending orders at a distance defined by netstep from the current price. If one order gets triggered, the other one is automatically deleted. It then places another pending order in the direction of the price movement, adjusted by netstep, but with the lot size multiplied by mul. This continues until it hits the max number of open trades defined by maxtrades or the lot limit set by LotLim.
Moreover, it trails stop losses and take profits in alignment with the price direction, aiming to capture trends while minimizing losses during flat market conditions. The parameters for maxtrades, stop losses, and take profits are influenced by market volatility, and it’s recommended to keep mul below 2 to prevent excessive margin loss. In essence, NTK 07 performs best with the lowest feasible values for these settings.
Performance Overview:
NTK 07 (Build 220)
| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minutes (M5) 2008.01.02 10:00 - 2009.01.09 22:55 | ||||
| Model | Every tick (most accurate mode) | ||||
| Parameters | g1="Main parameters"; netstep=20; sl=155; tp=300; TrailingStop=120; mul=1.6; trailprofit=1; gg="Money management"; mm=2; Lots=1; LotLim=7; maxtrades=5; percent=14; minsum=5000; bezub=0; deltalast=10; bq="Filters"; usema=0; MovingPeriod=1000; MovingShift=0; bb="Insignificant variables"; chas1=0; chas2=24; per=0; center=1; c10=10; c20=10000; | ||||
| Bars in test | 75940 | Ticks modelled | 3560250 | Modelling quality | 90.00% |
| Mismatched chart errors | 0 | ||||
| Initial deposit | 100,000.00 | ||||
| Net profit | 693,097.81 | Gross profit | 1,543,563.29 | Gross loss | -850,465.48 |
| Profit factor | 1.81 | Expected payoff | 892.02 | ||
| Absolute drawdown | 12,220.72 | Maximum drawdown | 181,549.10 (26.06%) | Relative drawdown | 38.08% (53,982.46) |
| Total trades | 777 | Short positions (won %) | 405 (53.09%) | Long positions (won %) | 372 (47.31%) |
| Profit trades (% of total) | 391 (50.32%) | Loss Trades (% of total) | 386 (49.68%) | ||
| Largest | profit trade | 33,920.76 | loss trade | -8,097.62 | |
| Average | profit trade | 3,947.73 | loss trade | -2,203.28 | |
| Maximum | consecutive wins (profit in money) | 15 (115,978.94) | consecutive losses (loss in money) | 38 (-104,370.94) | |
| Maximal | consecutive profit (count of wins) | 115,978.94 (15) | consecutive loss (count) | -104,370.94 (38) | |
| Average | consecutive wins | 6 | consecutive losses | 6 | |
Seeking Your Insights!
I’m reaching out to anyone who has enjoyed using this EA or found it effective.
Key Challenges:
- Big drawdown: Implementing filters based on indicators could help close trades earlier or adjust stop losses and take profits. I haven't had much luck with this, but I’m open to suggestions.
- If you’ve had a good experience with live trading, I’d love to hear how we can optimize this EA to perform even better. For instance, in my fxstart demo, it doesn’t modify orders, but it works perfectly in the tester and on forex4u.
Your Feedback Matters!
Feel free to share any modified EAs, set files for different instruments, or point out any errors you’ve encountered. I’m not looking to sell or lock this EA; I’ll send the latest versions to anyone willing to help make it work better. I believe the authors should control its distribution.
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