KiloPip EA

[jado911]

Hi all,
This is a robot that I made with help of programmers some free and some paid. Still in the developing process, fixing bugs and adding more convenient options.
The first demo account was a 3 months closed demo using Money management option. I used 1 micro lot for each 1000 in account balance,started Sep 19 and ended Dec 19 net gain of 1428 pips 1199.25 $
Its used on all pairs, I exclude EURCHF and NZD pairs. starting balance is 10 000 and the leverage is 200:1.
here are more detailed stats, I couldn't access the MT4 one because the account is valid for 3 months only.
It is used on the 4HR Time frame and trades reversals, explains the low number of trades.

Link: http://www.myfxbook.com/members/jado911/kilopip-ea/1568

[jado911]

This is the new demo account
started Dec 22
Starting balance 10 000
Leverage 200:1
trading 1 stranded lot MM is turned off and trying out a set TP instead of the internal Tp feature.
I forgot to turn off the MM on all pairs, so I have 2 open trades using smaller lots.

Jan 8th
Edit,
I changed mm to trade 1 mini lot per 1000 in account balance, I alos closed AUDJPY manually because of the long shadow on the 4hr charts, and edited the code to avoid that.

Jan 14th,
changed TP to 50 pips, i got tired of trades going high only to go back to BE. trailing stop is another solution but I don't like it personally.
Link: http://www.myfxbook.com/members/jado911/kilopip-ii/10894

[jado911]

Doubled the account in less than a month, This is awesome.
Btwy there is an Error in MYFXBOOK charts they are not updating today.
I have stopped using the 50 pip TP coz it eliminated the opportunities for good runs like to today's EU.
AS I get closer to finish this EA, I;m wondering what is the best way to sell it, shoud I sell it per copy or ask customers to open an account through me as an IB and give the EA for free?
I would like to hear from you guys, let me know.
Jado

[rsmereka]

Jado,

Being a strong open-source developer myself, my vote is open source. I know this is not popular in Forex because everyone is out to make a fortune but there are a few of us that believe that sharing and the free exchange of information is more important and there are other ways to make money (custom programming, support to name two) besides selling software.

Rick

[jado911]

Originally Posted by rsmereka

Jado,

Being a strong open-source developer myself, my vote is open source. I know this is not popular in Forex because everyone is out to make a fortune but there are a few of us that believe that sharing and the free exchange of information is more important and there are other ways to make money (custom programming, support to name two) besides selling software.

Rick

Rick,
since I'm not a programmer to start with, the other means to make money cannot be considered, now for the way I'm going to sell this EA, I'm still struggling. Dll will not protect it from being decompiled, my other option is to use account copier but that would need some licenses and a bunch of legal paper work..............so I'm officially

[bob1234]

What about a Dll that resides on your server and handles the actual trade entries and exits.
If the EA gets decompiled all they get is something that talks to your server, not the actual smarts of the EA.