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« on: April 29, 2020, 02:10:03 pm »
The latest version does not open many orders as the previous version from the 2017. I have a version from 2017 and used it quite a while in demo. That old version works fine. But because it was a black-box with very little information about the input settings, I never used it in live.
This new version seems to work a little bit different. I don't know what has been changed and can not say if it has been an improvement or not. I believe many EA's are getting new features and getting complicated without any good reason. Just because some one wants some bells and whistles, the authors add those to the EA's.
In this case I see a lot of settings. Honestly I don't know if changing them really affect the performance of the EA very much. There are many different kind of StopLoss and TakeProfit settings. Some of them seems to me duplicated and the EA would perform the same when user choose either of them. This is especially important when an EA can not be tested and optimized in MT4. It takes ages to find the matching settings.
I know that settings are something personal and depends on your risk appetite. But because it is impossible to use MT4 with multi-currency EA's, finding good setting is impossible. You only can forward-test it on a demo account and then change some setting and then again test it for a while....It takes at least 6 months to fine what you are looking for.
And then... you get a new version and you start all over again. Because there is no guaranty that the new version works well and works the same as the previous. Some bugs might have been created.
I know the source code is also available, but unfortunately the coding style inside the Orcus is very uncommon and difficult to understand for me. There are so many t0, t1, k1, mm2, ...and multi-dimensional arrays with bad naming variables all over the place. I guess the author would be the only one in the whole world who can understand and modify this source code.
Please don't get me wrong, I really appreciate his work and would love to help and spend a lot of time with this EA. But I don't get the flow of the EA very well.
Any way, in my opinion Orcus is a fairly good multi-currency EA. The settings make this EA good or bad. With bad settings( like the default values) you will loss everything. With less bad settings, you get a couple of percent per month. It would be great if the author who understand the working of this EA to give us some recommendation settings. For example an aggressive settings, a medium and a safe setting for a couple of different account balances. I don't think currently default values of the parameters are anything close to recommendation.
I would love to know more about this EA, the details of how it works and the flow of the source code. Perhaps some times, the author would be generous enough to
revisit the source code and make it more simple for other developers.
Regards,
Dave