All,
Just thought I would pass on my own thoughts in regards to this EA. I believe Stockwet has really created an unbeatable EA with ManageTP.
I know a lot of traders are looking to this EA and other managing EAs. I was one of those people and always came back to this EA, as I feel it’s the easy to understand and implement.
A lot of folks new and old to FX and EAs are searching for trading systems to rack in the PIPs or manage their trades in that very special way.
If I may suggest, don’t look for that super spectacular managing EA that is tweaked just right so that your trailing stops, hard stops, and everything in between works exactly how you want them too. But take a great EA and create a trade management style around IT.
If you’re not programmer and developing your own EA, you are probably not going to find what you are looking for.
For me, what I have found works best is to use Stock’s EA, set an initial TP of 15 or 20 pips (closes small percent of trade for profit), regardless of what my ultimate TP might be and let the EA set a SL of +1.
From there depending on the pair, I use 20, 25, 30, and so on for TP intervals until my trade is completely closed. Sure I have a lot that close with a +1, but the home runs come here and there, which is better than trying to hit one every time. At least is very consistent.
Year to date: 259 total trades and 25 losers… with the losses because I didn’t follow my own money management rules.
Just my thoughts!!
Just thought I would pass on my own thoughts in regards to this EA. I believe Stockwet has really created an unbeatable EA with ManageTP.
I know a lot of traders are looking to this EA and other managing EAs. I was one of those people and always came back to this EA, as I feel it’s the easy to understand and implement.
A lot of folks new and old to FX and EAs are searching for trading systems to rack in the PIPs or manage their trades in that very special way.
If I may suggest, don’t look for that super spectacular managing EA that is tweaked just right so that your trailing stops, hard stops, and everything in between works exactly how you want them too. But take a great EA and create a trade management style around IT.
If you’re not programmer and developing your own EA, you are probably not going to find what you are looking for.
For me, what I have found works best is to use Stock’s EA, set an initial TP of 15 or 20 pips (closes small percent of trade for profit), regardless of what my ultimate TP might be and let the EA set a SL of +1.
From there depending on the pair, I use 20, 25, 30, and so on for TP intervals until my trade is completely closed. Sure I have a lot that close with a +1, but the home runs come here and there, which is better than trying to hit one every time. At least is very consistent.
Year to date: 259 total trades and 25 losers… with the losses because I didn’t follow my own money management rules.
Just my thoughts!!