MQL championship reverse engineered system
http://forum.mql4.com/ru/44764
This is reverse engeneered system from the mql championship. From the rumours it is similar to the commercial system Milion Dolar Pips EA.
According to the vgc there is an edge here since 2008. However the EA is very vulnerable to the broker and once you get detected that you have a winning system most brokers will put to the special client's list and you are done.
Anyway to reach that kind of equity curve you need money management, and everybody knows that it may be risky.
Anyway the system is open source, you need to install (copy/paste) the errors code mqh file in the incluse folder too otherwise it will not work. You will find the file in the comments.
Comments
Hi
The logic is very simple and based w/ combination of RSI and CCI for a EURUSD in 5MN
double RSI1 = iRSI(Symbol(), 0, RSIPeriod, PRICE_CLOSE, 1);
double RSI2 = iRSI(Symbol(), 0, RSIPeriod, PRICE_CLOSE, 2);
double CCI1 = iCCI(Symbol(), 0, CCIPeriod, PRICE_TYPICAL, 1);
double CCI2 = iCCI(Symbol(), 0, CCIPeriod, PRICE_TYPICAL, 2);
if(RSI1>100-RSILevel){
if(RSI2>100-RSILevel){
if(CCI1>CCILevel){
if(CCI2>CCILevel){
Signal=OP_SELL;
}
}
}
}else if(RSI1<RSILevel){
if(RSI2<RSILevel){
if(CCI1<-CCILevel){
if(CCI2<-CCILevel){
Signal=OP_BUY;
}
}
}
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Well, This strategy seemed to be a trend follower
there is no volatility check-out, of course, no iVAR checking
And the same strategy is applied whatever the market phase is (ranging or trending), quit dangerous during asiatic market