This Han Z Score Robot found and little tested with interesting results!
I put this ea on a demo account that that started with $50 and a had been taken down to $20 in a few hours by a scalping ea, And i wake up after sleeping for the night and the account balance is over $65 with just running it on EUR/USD and GOLDUSD 15m charts and stock settings with only lot sized changed for account balance. I thought i would share it with you.
this expert advisor has Z-Score optimization implemented in its algorithm. Z-Score optimization is based on the intrinsic parameter of some Forex strategies. Basically, Z-Score value tells us if there is any correlation between the trade outcomes of the given strategy. Large positive Z-score (like the one of Heiken Ashi Naïve on EUR/JPY @ D1) means that the winning trade is likely to be followed by a losing one, and that the losing trade will probably be followed by a winning one. Large negative Z-score would mean that winning trades are often followed by more winning trades, while losing trades frequently follow the same losing trades. Obviously, such metric can be used to optimize a trading strategy or an expert advisor.
Heiken Ashi Naïve with Z-score optimization stops trading following a profitable trade. It then switches to a virtual trading mode, where it calculates the trades, but does not actually send any orders to MetaTrader sever. Once a losing virtual trade is encountered, the EA switches back to real trading mode and continues normal operation. This expert advisor is also capable of saving and loading all the virtual trading data from file, preventing Z-score optimization malfunction due to software or hardware failures.
MT4 Forex Robot Characteristics
Platform: Metatrader 4
Type: Expert advisor
Time frames: any.
Copy and paste the HAN_Z-Score.ex4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)