The last two days I have tried a little different trade logic than what unimak stated in a previous post, now that he has stated the procedure to open a trade I can get started on getting that into the EA and see what the difference would be. But for the last two days I have tried something a little different after looking at a lot of charts and pivot points. I won't say what the logic is at this time because I am sure unimak probably won't like it, but its something to try anyway and we are here to try and make money which ever direction we take. This may even lead to a spin off from the original idea put forth by unimak. Just to keep it simple for now I set the EA to take profit = 10 pips and stop loss = 30 pips. Next week I am going to add in the moving stop loss based on the 3 Targets so the results should be better.
I have also placed the EA on 11 pairs, instead of just EU, so I can get a better idea of how it will respond. At this time it is also trading 24/5.
Also when I add in the 3 Targets the profits should go up even more I would think, some of these would have made it to T3 I believe.
Total trades = 22
Winners = 20 (+611pips)
Losers = 2 (-108pips)
I think the USDJPY loser was one that triggered by accident when I was fooling around with the settings, so I just closed it, thats why it looks a little strange. The other loser hit the 30 pip stop loss.
So even if I am doing it wrong, I will take these results any day. (see results below)
I have also placed the EA on 11 pairs, instead of just EU, so I can get a better idea of how it will respond. At this time it is also trading 24/5.
Also when I add in the 3 Targets the profits should go up even more I would think, some of these would have made it to T3 I believe.
Total trades = 22
Winners = 20 (+611pips)
Losers = 2 (-108pips)
I think the USDJPY loser was one that triggered by accident when I was fooling around with the settings, so I just closed it, thats why it looks a little strange. The other loser hit the 30 pip stop loss.
So even if I am doing it wrong, I will take these results any day. (see results below)