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Rich quickly with the lowest DD EA
This backtest is from 2010/02/01 to2010/08/01, THis is very good EA
rich.mq4 10.49 kb, 96 downloads since 2014-10-09
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About rich.mq4 - RowLearner EA
https://mt4talk.com/viewtopic.php?pid=1823#p1823
The EA uses a unique strategy that's adaptable and suitable for a range of trading scenarios.
Here's how it works and when you might consider using it:
The EA's Strategy:
RowLearner uses historical data from the "rl.txt" file to initialize its statistics.
It continuously gathers and appends new data to this file, updating its knowledge.
The EA then calculates Tom Demark's pivot points over recent bars to determine market conditions.
It normalizes statistics based on pivot points and open prices to make informed trading decisions.
RowLearner looks up its memory maps to find the Best Matching Unit (BMU) for Buy, Sell, or Hold strategies.
It adjusts lot sizes based on your account balance for responsible trading.
When to Consider Using the EA:
It is suitable for both trending and ranging markets. It adapts to changing conditions, making it a versatile choice.
If you appreciate a trading strategy that learns from past data and continuously updates its knowledge.
It offers options to set take profit and stop loss levels, allowing you to manage your risk effectively.
It automatically adjusts lot sizes based on your account balance, promoting responsible trading.
Whether you're a trend follower or prefer range-bound markets, the EA can adjust to your needs.
Setting Up RowLearner:
Download the provided "Rich.mq4" file.
Save it in the /experts directory of your MetaTrader 4 platform.
Set your preferred parameters (explained below).
Launch the EA on your desired currency pair and timeframe.
Adjustable Parameters:
MinPips and MaxPips: Customize the range of pips for teaching Buy and Sell strategies.
TakeProfit and StopLoss: Set your desired profit and loss levels.
Lots: Control your trade size (automatically adjusts based on your balance).
Slippage: Define the allowable slippage in pips.
MapPath: Specify the path for the initial statistics file.
EAName: Assign a name to your EA.
RowLearner dynamically learns from market data to make Buy, Sell, or Hold decisions.
Buy when BMU suggests a potential uptrend, Sell for a possible downtrend.
It uses pivot points and open prices for normalization.
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