Recommended Usa=
ge
=
When =
trading
this EA use ONLY the 5 minute chart. Do a back test optimization once a week
when the spread is low. Set the start date from 2 weeks back and the end da=
te
to the current date. The optimization period needs to cover at least 8 to 10
trading days. Don’t forget to download the latest 5 minute history da=
ta
before starting your optimization!
=
IMPORTANT
NOTE: For faster optimization select the ‘Open prices only’ opt=
ion
from the Model list box as in the screen shot below. This will save you a l=
ot
of time when you’re optimizing. Then move it back to ‘Every
tick’ when you want to actually run a single back test.
=
Let&#=
8217;s
walk through a typical optimization to get the best settings for BarsBack1 =
and
BarsBack2 for trading. Start by setting the currency to test to the
‘GBPUSD’. Set the model to ‘Open prices only’. Make
your from date ‘2009.12.20’ and your to date as
‘2010.01.03’ which is a 2 week period.
![](3D"RecommendedUsage_files/image002.jpg")
<=
![endif]>
=
Now l=
oad the
first set file by clicking the ‘Expert Properties’ button to op=
en
up the properties window and then click the ‘Load’ button and
select the ‘range1.set’ file. Make sure the BarsBack1 and BarsB=
ack2
are selected (these are the only 2 parameters you need to optimize) like you
see below and then click the ‘OK’ button. Now you can start your
optimization.
=
![](3D"RecommendedUsage_files/image004.jpg")
<=
![endif]>
=
Once =
the
optimization completes you should have a lot of results. Now we need to fin=
d a
good combination of a high amount of trades + good profit factor + low draw=
down
percentage. In the list of results we see a line that has these factors wit=
h a
rough setting of BarsBack1=3D32 and BarsBack2=3D60.
![](3D"RecommendedUsage_files/image006.jpg")
=
Now
let’s fine tune the BarsBack1=3D32 and BarsBack2=3D60 by changing our
optimization values for Start, Step, and Stop. We’ll give some extra
padding on both sides of the BarsBack1 and the BarsBack2 just like you see =
in
the screen shot below.
=
![](3D"RecommendedUsage_files/image008.jpg")
<=
![endif]>
Run t=
he
optimizer again and repeat the process of finding a good combination of a h=
igh
amount of trades + good profit factor + low drawdown percentage. In the lis=
t of
results we see a line that has these factors with a fine tuned setting of
BarsBack1=3D32 and BarsBack2=3D62.
=
![](3D"RecommendedUsage_files/image010.jpg")
Now w=
e will
run a single forward test
using BarsBack1=3D32 and BarsBack2=3D62 for the week ahead of our 2 week
optimization period. Make your from date ‘2010.01.03’ and your =
to
date as ‘2010.01.10’. Change your model to ‘Every tick=
217;
and the other settings exactly like you see in the screen shot below.<=
/o:p>
=
![](3D"RecommendedUsage_files/image012.jpg")
<=
![endif]>
=
Click=
the
‘Expert Properties’ button to open up the properties window and=
enter
32 for BarsBack1 and 62 for BarsBack2 and click ‘OK’. Then click
‘Start’ to run the 1 week forward
test.
=
![](3D"RecommendedUsage_files/image014.jpg")
<=
![endif]>
When =
the 1
week forward test compl=
etes
we see a healthy profit of over $2333.90 with 8 trades. This is almost
identical to the two week optimization result that we had picked.
![](3D"RecommendedUsage_files/image016.jpg")
<=
![endif]>
In co=
nclusion
a Trader simply needs to take the time to get used to this EA and learn how=
to
locate the right combinations of a high amount of trades + good profit fact=
or +
low drawdown
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