Teyacanani - Pip Cop

**rsmereka** · 2011-01-09, 05:40 PM

This review is about the Teyacanani EA which I got from the Asirikuy website (you must be an Asirikuy member to read or download anything). I have no affiliation with anyone in conjunction with this review.

I put the Teyacanani EA on a EURUSD H1 chart on an Alpari UK demo account at 500:1 leverage

and 5% risk. Set file is attached.

Teyacanani is a long term trader. The EA opens a trade upon a strong candle (where there is a large body) and exits upon a reversal candle. The only indicator

used in this EA is the ATR. The trading methodology is very simple.

The long term backtest from Jan 3, 2000-Jan 7, 2011 at 5% risk (attached) looks really good.

I have opened a MyFXBook account for this EA.

Update 2011-06-06

Demo trading of this EA stopped today. Final account snapshot attached.

Rick

**rsmereka** · 2011-01-12, 08:41 AM

I made the mistake of re-using the old Leo Trader Pro account (the one that kept crashing) for this EA.

Unfortunately, Alpari decided to delete the opening balance record and MyFXBook did not like that so to clean up this mess, I had to re-generate a brand new MT4 account.

Everything is ok now. The history is showing and the first trade has opened.

Rick

**rsmereka** · 2011-01-25, 10:15 AM

I just promoted Teyacanani to live/real money trading as per my post here.

I am running this EA at risk 12 for now. A couple of weeks ago, I ran a risk optimization after modifying this EA by adding a minimum lot and a maximum lot size. The optimization report showed that the maximum risk value with a comfort margin

which generated a maximum DD of just under 66% was 23.

Attached is a strategy test report from Jan 3, 2000 to Jan 14, 2011 at risk 23. The minimum lot size (0.10) and the maximum lot size (50.0) used are for Alpari UK. You can see that this EA reaches it's maximum lot size just shy of two years into trading.

Rick

gross77777 · 2011-01-25, 11:20 PM

Rick,

This ea looks pretty interesting.Many long term EAs had a bad performance in 2002.
Can you please see , based on your backtest , was 2002 profitable for this ea ?
Did it have any large drawdowns during 2002 ?

Thanks in advance

**rsmereka** · 2011-01-26, 08:30 AM

Quote:

Originally Posted by gross77777

Rick,

This ea looks pretty interesting.Many long term EAs had a bad performance in 2002.
Can you please see , based on your backtest , was 2002 profitable for this ea ?
Did it have any large drawdowns during 2002 ?

Thanks in advance

You can look for yourself,

An 11 year+ backtest is attached to post #3 of this thread.

Briefly, the backtest started 2002 with a balance of $197,502.64 and ended the year with a balance of $431,782.14. That is a return of 118.62% in that year with risk of 23 (very high).

If you look at the backtest graph, the worst performance of the 11+ year stretch is from June 1, 2009 to Jan 21, 2010. In this period, the EA incurred a maximum of DD of 8.6% ($371,085.00 on a previous high balance of $4,315,752,14) and took over six months to recover.

Keep in mind that the backtest is a rough sketch (indication) of the EA's real performance on a live/real money account.

Rick

gross77777 · 2011-01-26, 11:29 AM

Thanks Rick.Can this ea be traded with other EAs in the same account ?

Quote:

Originally Posted by rsmereka

You can look for yourself,

An 11 year+ backtest is attached to post #3 of this thread.

Briefly, the backtest started 2002 with a balance of $197,502.64 and ended the year with a balance of $431,782.14. That is a return of 118.62% in that year with risk of 23 (very high).

If you look at the backtest graph, the worst performance of the 11+ year stretch is from June 1, 2009 to Jan 21, 2010. In this period, the EA incurred a maximum of DD of 8.6% ($371,085.00 on a previous high balance of $4,315,752,14) and took over six months to recover.

Keep in mind that the backtest is a rough sketch (indication) of the EA's real performance on a live/real money account.

Rick

**rsmereka** · 2011-01-26, 02:54 PM

Quote:

Originally Posted by gross77777

Thanks Rick.Can this ea be traded with other EAs in the same account ?

Yup,

It has a completely configurable magic number which the author calls an instanceID. About the only thing I found that it lacks is minimum and maximum lot size settings which really come in handy when doing a backtest. I really need this for my 11+ year backtest so I added it. The author provides the EA in source code form.

When I was doing my backtests originally, I was getting a very high balance and upon checking the trade log, the lot sizes that were being used on open trades were just plain unrealistic. No broker

would allow a trade to be opened with a lot size of lets say 5000.0 (500 million).

My broker

has a minimum lot size of 0.10 and a maximum (unless you call them) of 50.0 so I used those settings in my last backtest.

Rick

gross77777 · 2011-01-26, 03:23 PM

Rick,

Have you seen any other forward tests for this ea ? How many months was the longest one ? Are results positive on this forward test ?

Thanks

**rsmereka** · 2011-01-26, 03:48 PM

Quote:

Originally Posted by gross77777

Rick,

Have you seen any other forward tests for this ea ? How many months was the longest one ? Are results positive on this forward test ?

Thanks

Current live/real money accounts:

Update: Links removed by request of the EA author. His asinine policy does not let non-paying members view MyFXBook performance stats.

These are only the EURUSD live/real money accounts. There are others that are running different currency

pairs.

Rick