For the past two weeks I have searched relentlessly for a profitable free expert advisor to fill the void left by the free expert advisor portfolio I stopped trading.
As you may know, finding free profitable expert advisors is very difficult given the fact that they are many of them, with limited information on their workings and objective. At the end, I think I found a light at the end of the tunnel.
This expert advisor I found named Gods Gift v7c coded by Matt Edmonds seems to be the answer to my prayers. The way I discriminated this expert from the rest was by back testing. And yes, we all feel the same way about it (does not work very good, I know it) but it is nevertheless a tool to separate possibly profitable experts from unprofitable ones, not to say that every expert resulting profitable in back testing would be in forward testing.
The back testing results are very good. After optimizing some of the parameters associated with this expert, I managed to get, using Alpari data and 90% modelling quality, a maximum draw down below 10% with a relative draw down below 15%. All of this with a 50% yearly profit, back tested from December 2004 to January 2008. This I have to say, is exactly what I am looking for. The strategy tester report can be seen here.
The expert advisor finds its entries with the help of the Waddah Attar Explosion indicator coupled with Keltner Channels. You can see this in the image at the end of this post. The expert advisor seems to perform very well on the GBP/USD pair with the time frame making apparently no difference although the back testing report was done using the one hour time frame.
I like everything about this expert advisor. Fixed stop loss, trailing stop and apparently a low draw down with a modest profit on average each month. I have started to forward test it today and see how it does in the real market. Everything points out to this expert being profitable, let us hope it lives up to it's back testing results ! Wish me luck !
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11 comments:
Can you post the original thread about this EA?
Where can I get this EA to try.
You can find the expert and the indicators at www.forexmt4.com/mt_yahoo/. Indicators are Keltner Channels, Keltner Channels B and Waddah Attar Explosion, the one without any numbers.
Regarding the original thread daud, I haven't been able to find it. If you know where it is please leave a comment with it's location.
Hi,
Can you email the EA to me or tell me how I can get it? I went to the website that was listed in one of the comments but that website only has the programming language for it. It does not have the actual mq4 file.
Could you please specify which file from www.forexmt4.com/mt_yahoo
contains the indicator, and which other files have to be downloaded?
Otherwise, if the files are not available there, could you please e-mail them to me?
Thank you very much!
Since so many people are interested on this expert I uploaded both the expert and the indicators I mentioned to my ftp. You can download them at ftp://75.127.87.121 .
Good luck !
Could you clarify which of the mq4 files are EAs and which are indicators?
Thank you very much!
Keltner Channels, Keltner Channels B and Waddah Attar Explosion are all indicators.
God's gift and all the other files are the expert advisors.
Hi,
I downloaded the relevant files from your FTP site and installed the EA and indicators.
Is there any thread that explains how this EA is supposed to be used? Currency pair and time frame etc?
I keep getting alarms on one of the indicators but no positions opened.
Thanks for your help
Hi David, the timeframe seems to be pretty irrelevant, the expert works the exact same way on all of them.
I have no information regarding the original thread, sorry.
The only information I have is the backtest I performed. The expert seems to be a quiet infrequent trader, so I guess you could expect around one trade every two weeks or so. I have been running it or sometime too, no trades.
Hi all,
I am the author of this EA. It was developed for GBP/USD 1 hour chart.
Cheers,
Matt
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