These settings are from one of our members inside The Forex Revolution

Member Forum. As quoted by this member “Please 'test' any suggestions for
yourselves before even thinking about using them 'live'.”

Hello All,

Following my initial mixed experiences with REVOBOT-1 and almost deciding

to give up on the 'revolution'... I'm pleased to say that I'm back in for
REVOBOT-2 and much more optimistic for the future of the entire project !

Viva the Revolution!

Before I go on I would like to say that I think both R1 and R2 have massive
potential and are the start of a great forex work. However, for the time
being I will be focusing my efforts on helping to improve and optimize R2
only. R1 is simply of too 'high risk' for me personally at the moment.

At first, I really could not see the potential of R1, but now I see that it is a
truly 'revolutionary' forex EA, if you have the account balance, guts and a bit
of 'luck' to begin with. I hope to be using R1 again on a 'live' account soon
and that its successful development continues.

Nothing attracts the crowd like the crowd!

OK. So, I've begun to 'optimize' settings for R2. Obviously I can only
do this from the available settings and I've begun work back testing on
the 'recommended' pairs. I've already improved on profitable results and
I've discovered lots of additional settings that would be required for R2 to be
improved even further.

I'm a big fan of scalping robots and understand them well. I've optimized
lots of EA's to expand on and maintain their profitability; in theory and
in practice. However, I'm a comparatively new, but now almost full-time
trader.

N.B. I'm doing this independently of the development team and I'm just
a fellow forum member, forex trader, coder and Revobot user. I will be
interested to see how quickly the development team can make alterations
for the recommendations and for additional input from the community.
Please 'test' any suggestions for yourselves before even thinking about using
them 'live'.

OK. I'll start with EURCAD on M5 because its had the best results thus far. I
worked from the .pdf manual 'defaults' and optimized them from Jan 2010 to
May 2010 on Alpari UK.

I've used MM=false and FixedLots=0.1 because its the best way to back
test.

FixedTakeProfit=30 (default 20) N.B. Highest TP was around 28.33 pips

FixedStopLoss=50 (default 0) I like to trade safely and this seems to be

close to an 'optimal' value.

StartHour=22

EndHour=6

I also tested TP 20 - SL 30 to 60, TP 30 to 40 - SL 60, TP 30 - SL 40.

However, the above values were the most profitable.

Basically these are 'optimal' Asian Market Scalper settings EURCAD M5. I
have more back tests to complete and then to check optimizations for 2008
and 2007 etc. The back test includes Jan. 2009 to May 2010. So, 2009 was
successful with the 2010 settings...
 Development suggestions:

(1) To make the best usage of MM ( money management ) please

add a MaxLots setting. i.e. FixedLots=0.1 , MaxLots=0.5 (example)

(2) To reach the best possible performance for 'Range Bound' movements
within trading times and sessions. Please add multiple TimeSettings i.e.

TimeFilter1 , TimeFilter2 , TimeFilter3

StartDay1 , StartDay2 , StartDay3

EndDay1 , EndDay2 , EndDay3

StartHour1 , StartHour2 , StartHour3

EndHour1 , EndHour2 , EndHour3

StartMinute1 , StartMinute2 , StartMinute3

EndMinute1 , EndMinute2 , EndMinute3

Up to 4 TimeSettings will allow for seriously accurate optimization for each

individual currency pair within the most profitable sessions i.e. trade Mon. to
Fri. 22 to 6 Asia session, trade Mon. to Thur. 8 to 10 GMT session etc. etc.

Revobot2_EURCAD_M5_2008
I've used MM=false and FixedLots=0.1 because its the best way to back
test.

FixedTakeProfit=30 (default 20) N.B. Highest TP was around 28.33 pips

FixedStopLoss=50 (default 0) I like to trade safely and this seems to be

close to an 'optimal' value.

StartHour=22

EndHour=6

These optimized setting held well for 2008 back test.

Revobot2_EURCAD_M5_2007

I've used MM=false and FixedLots=0.1 because its the best way to back
test.

FixedTakeProfit=30 (default 20) N.B. Highest TP was around 28.33 pips

FixedStopLoss=50 (default 0) I like to trade safely and this seems to be

close to an 'optimal' value.

StartHour=22

EndHour=6

These optimized setting held well for 2007 back test also.. next!
OK. So, I've tried to further optimize the Time Settings for EURCAD M5
before starting the 'demo' account test.

The back tests showed that the majority of losing trades were opened on
StartDay=1 , EndDay=5 and also during the week from StartHour=22
through to approx. StartHour=1 . EndHour=6 would seem to be OK though.
I did run several tests to check EndHour=4 , but overall including these two
hours was more profitable than not.

However, StartHour=1 , EndHour=6 is 'buggy' and does not open any trades
in a back test, so I won't be testing this 'live'. It may work on a 'live' /
'demo' account and might just be a back testing issue !? Although, this is
currently being discussed elsewhere on the forum. So, the best currently
available Time Settings that work would seem to be:

StartHour=23
StartMinute=59
EndHour=6
EndMinute=0

This reduced a large percentage of the total losing trades. Back tested
settings in this thread (above) for Start 2009 to End June 2010 with fixed
Lots=0.1 and $10,000 balance finished at $13,795.49 Moreover, with the
optimized Time Settings this back test increased to $14,594.93

With increased Lots 0.2 , 0.3 , 0.4 , 0.5+ etc. and / or NumberOrders 5+
this could easily make for an account doubling / tripling / quadrupling + EA !

With NumberOrders increased to 5. I noticed that the 5th (last) closed

profitable trades were sometimes closed with as much as more than 2x
as much profit ! However, the reverse was also true for the losing trades,
though not as frequently i.e. potentially more profits from the same entry
points, if the broker allows for it.

OK So, here are the 'optimal' back tested setting for the EURCAD M5

ENC=false

MM=false

Risk=1.0
 FixedLots=0.1

FixedTakeProfit=30

FixedStopLoss=50

NumberOrders=2

TimeFilter=True

StartDay=2

EndDay=4

StartHour=23

StartMinute=59

EndHour=6

EndMinute=0

Please do your own back tests and 'demo' account tests before even thinking
about using them on a 'Live' account. With NumberOrders=2 its perfectly
normal to see 2 to 4 losing StopLoss trades, before seeing 2 to 8+ winning /
TakeProfit trades.

Anyway this should be much, much better than the 'default' settings for
EUR/CAD. Hopefully they will be profitable 'live' and can be improved on
further from these 1st recommendations. Use at your own risk.

Happy Testing !

P.S. We have also included The Forex Revolution Statements

 http://www.the-forex-revolution.com/

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