Hello,
have here some new and free Expert but not self tested jet.
Name: WPR Grid
Category: Grid
Price: FREE
Pairs: GBPUSD
Time frame: M15
Time: 24h
ECN ready: Yes
NFA ready: No
Execution: Auto
Stealth mode: Yes
4/5 Digits: Yes
MM: Yes
This EA uses the built-in Williams' Percent Range (WPR) indicator of your MT4 platform. WPR Grid is a martingale grid. That means high profit and high risk. WPR indicator tell us when GBPUSD pair is overbought or oversold. The EA place sell orders when the pair is overbought and buy orders when it is oversold.
WPR Grid performs better on GBPUSD pair and M15 timeframe.
METATRADER DOWNLOADS
Latest update: June 21, 2012
Latest version: v1.5
MT4 Expert Advisor: download
INSTALLATION
1. Shutdown your Metatrader platform
2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)
SETTINGS MANUAL
grid_size: expert advisor will use this data in order to know when to place new orders and take profit.
profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.
min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.
min_lots_increment: minimum lots increment.
account_risk: it is the percentage of total account risked with the ea
wpr_period: williams percent range indicator period
BACKTESTS
You can see results from 2 backtests below. We use same pair (GBPUSD), M15 time frame and default settings but different balance and different Williams Percent Range indicator period.
Backtest 1: wpr_period = 14
Backtest 2 : wpr_period = 56
BACKTEST 1
Test period: June 1, 2011 - June 16, 2012
Pair: GBPUSD
Time frame: M15
Set file: download
Detailed report: view
http://lifesdream.org/mt4/free/wpr_g...yTesterMin.gif
BACKTEST 2
Test period: June 1, 2011 - June 16, 2012
Pair: GBPUSD
Time frame: M15
Set file: download
Detailed report: view
http://lifesdream.org/mt4/free/wpr_g...yTesterMin.gif
So feel free to test it on Demo please first. In my opinion it makes a good figure on backtesting.
If anybody test it so please be so kind and tell us your test results.

