To bunglungchingdong,
Sorry for offending you!
I was just trying to contribute something useful to the fxfisherman community for my first post here.
But you are absolutley right, the EA I posted here has not been forward tested at all, so please be careful. That's why I reccommend trading it in a demo account for starters. I only posted it here because people on this forum were interested in a Monday Breakout EA, and the one I made looked good in backtests.
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For those that are interested in tweaking this EA further, or would like to understand how I arrived at the current optimization settings:
At first, I gave it settings that I thought were reasonable, and it backtested well on the GBPUSD. I always optimize my EAs on multiple broker's data feeds to avoid over-optimization, so I did that on MIG, FXDD and InterankFX. (But it is now set for FXDD's timezone) I also noticed it was profitable on the EURUSD, so I began reoptimizing it to work on both currencies. This worked alright at first, but I knew that I would eventually need to optimize it seperately for each currency. So the project split into a GBPUSD system and a EURUSD system. It is now ready to be forward tested if anyone is up to the task.
Feel free to try it out in a demo account
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Happy Trading!