How the Settings are presented and how to use them
Presentation of settings
The Setting are presented in 2 formats
- Your are give the settings that produced the best results in the last 3 months. We use 3 months as the EA responds best to the most current volatility levels. These results are shown in pips per month
- The you are presented with a range of settings that produced positive results over that period with a % of success. That means that you can use any setting within the ranges provided in the From to the TO column and they should give you reasonable chance of a positive result.
You can decide which settings to use.
- the settings that gave the best result or
- use any setting in the high probability ranges provided
The following settings apply to all currency settings and are therefore not repeated when specific currency setting are displayed. You would need to change the lot sizing based on your personal risk and account size. If in doubt use 0.01 as your lot size.
Please note that ALL the settings below are not recommendations at all. They are an analysis of what worked in the past which you can use as a guide if you wish. Each trader should use EA settings that they are personally comfortable with after taking their personal preference into account.
Specific Settings for Each currency
Using the AUDJPY as an example of how to use the presented settings the settings in the Red Block represents the best setting for the last 3 months. The number of pip generated per month is mention below the settings along with a link to the actual results in BOLD.
The settings in the From, Step, To columns shown in Blue Block represents the settings you can use with a high chance of success (as shown ignore the step column which is only used in testing). So you can vary your settings between the from and to columns and still have a big chance of successful trades. The % of success and size of the combinations of settings is shown below the settings along with a link to the actual test results in BOLD
Using The Above information
Please bear in mind that the best setting (for many reasons) are unlikely to produce the best results in the future. So halve (at least) your expectations of possible gains. So if you are going to use the best settings and are aiming at generating 1000 pips a month, you could trade the AUDUSD, EURUSD, GBPUSD and the USDCAD and that will total 516 + 497 + 672 + 362 = 2047 which when divided by 2 will give you a chance of achieving your expectations.
Using the Power Punch EA presets.
We have programmed the best setting of each currency into the EA. These PreSets can be loaded from the EA Input screen by clicking on "LOAD" and selecting the currency you want to use.
It is very important that you change the lot sizing to reflect the lots you want to trade based on your account balance
Using the Number of Open Deals setting
The Launch version of the EA only allowed 1 Trade to be open for any one Currency at a time. So the EA would wait until an open transaction is stopped out or reaches its target before evaluating the market for another transaction.
Some of the EA users have asked for a change to this to allow the trader to decide how many transactions the trader would like to allow to be open at the same time.
The reasons for this is that open transaction can prevent the EA of taking good trading opportunities. The other advantage of this approach is that hedging could result in an offset of losses.
Fore more information about this setting and how to find the best number of open deals for your currency and and settings please click here:-