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Explanation of Isakas EA

Based at Cin Loi's question about how does Isakas EA work, I will try to explain in this post because I think it is a bit longer and should be read by everyone who wants to test this EA.

Isakas EA is made based on Isakas II strategy at Forex-tsd.com. Here is the link. This strategy basically uses 4 indicators (BBStop, NonLagDot, FisherKuskus, and FlatTrend) but then modified just using 3 of them without FlatTrend.

Main Rules for Isakas II Strategy (taken from the post at Forex-tsd.com)
Entry Buy
- bbands blue, fisher blue, nonlagdot blue.
Entry Sell
- bbands red, fisher red, nonlagdot red.


My EA doesn't open new position just like the picture above because some people said it is not profitable (read the full thread and you will find about it, pheew... it is a long thread). There is a rule about the valid signal because mostly the signals are not happened in the same candle. So, there is an added parameter for counting the signal at the EA's parameter. This should be handled by "SignalBarCounter" in the EA.
For an example SignalBarCounter=3, when BBStop turn color into Blue (buy signal) but NonLagDot is still red then EA should wait for the next 3 candles until NonLagDot changes into blue. But when this condition isn't met then EA will ignore this signal and wait until BBStop turns into different color.

8 Comments:

  1. Anonymous said...
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    Caireono said...
    Correlated Hedge Trading System

    I have spent countless hours of Trading Forex, spend a heck amount of time reading all kinds of materials, saving and testing all kinds of Indicators. I have loss quite a lot of money before, and have throughout time, learned and unlearned, have the patient, to go through all the difficult time and good time.

    I have developed and distributed freely my profitable trading system in some forex forums.

    Later, when I am capable to develop an EA, my analysis of the whole Forex Trading system has changed, especially when it involves BackTesting and ForwardTesting.

    The Problem with normal EAs


    I have tested numerous EA, commercial, non-commercial and especially my own EAs based on ALL KINDS of Trading Systems and Rules, backtested and forwardtested. The Result ? Almost all EAs fail miserably during RANGING times. In fact, the amount of losses in the RANGING time, even though is quite small compared to gain during TRENDING time, but it is those SMALL LOSSES that will eat up the profit in the long run. A tweak here and there in backtesting will work beautifully, but when forwardtesting, again, if fails miserably.

    Nonetheless, there are, I believe, few EAs in the market that work but One has got to really test it out OR One got to fully understand the Rules and When to Intervene into the EA OR the owner of the EA will create A Technical Support Team to support the operation of the EA and this defeat the purpose of having an EA.

    That’s why I have spent a lot of time in analyzing all kind of trading systems, developed all kinds of EA based on those trading systems including my own, until I finally spend a lot of my time in studying the BEHAVIOUR of the Correlation and the Pseudo Hedge of EURUSD and USDCHF Pairs. That SIMPLE thing is finally found! The rest is history to be taught.


    Currently, there is one EA that works, consistently, and with minimal drawdown, it is truely a winner. And, it uses Correlated Hedge as its main principal in its calculated algorithm to take profit and control drawdown.

    It is stress free, it is automated and with proper configuration, you are set to your financial freedom, finally.


    Please log on to www.caireono.com to see what I am talking about.
    Aryana said...
    hi Carieono,

    Your EA is seems very similiar to my Turtle EA. Btw, please don't spam at my blog.
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