GREAT, but that I did not include yet in the document, you might want to add that for me, so we can help the whole community.
Traffic Light System 378 replies
With a little help from our Expert Adviser friends ... - Paulus 10 replies
Paulus System's 8 replies
DislikedMaybe I am biting myself too much into this EA usage.
So far is looks to me the EA would do better if all trades were simply the other way around. I have 2 setups on different demos.
The OOTB one and my own playing around setup basically end up giving the same results........losing most of the time.
When you evaluate some 2 days of testing to what the charts show, the EA seems to enter at the "right" moment, when the move is basically done with, leaving the profitable ones ONLY for the continuation of the move....and those moves do not happen that often.
I am interested to hear what other traders are experiencing.
PS:
Don't get me wrong, the EA is brilliant programming to me as a newbie, and would make me happier if I could simply reverse the trades it is taking now....just a thought.
In any case, I love this entering a trade and automatically setting me up for TP and SL, as I never trade with a SL and mostly sitting a trade out, which got me into MCs a couple of times, stupid me !!!Ignored
DislikedMaybe I am biting myself too much into this EA usage.
So far is looks to me the EA would do better if all trades were simply the other way around. I have 2 setups on different demos.
The OOTB one and my own playing around setup basically end up giving the same results........losing most of the time.
When you evaluate some 2 days of testing to what the charts show, the EA seems to enter at the "right" moment, when the move is basically done with, leaving the profitable ones ONLY for the continuation of the move....and those moves do not happen that often.
I am interested to hear what other traders are experiencing.
PS:
Don't get me wrong, the EA is brilliant programming to me as a newbie, and would make me happier if I could simply reverse the trades it is taking now....just a thought.
In any case, I love this entering a trade and automatically setting me up for TP and SL, as I never trade with a SL and mostly sitting a trade out, which got me into MCs a couple of times, stupid me !!!Ignored
DislikedHi
My chart for today so far atm the time is 07.40am in the uk
If you look at my chart you will see that the 20 pip tp 10 pip sl is working nicely.
I like the 2:1 RR I know I can have 2 losers with just a winner to even things up..also with my ' stop at 20 pips' rule one signal that wins when i start means my day is over early.
One thing has come to light though with the 20pip tp , if you look at the chart at A you will see a short signal before the 20pip tp is hit I get another signal if your money management can cope with it take this signal at B..you are now live 2 signals but the signal at A need only move a few pips now to hit its 20 tp
The reason I think its important to take if you can is that if you missed the signal at A you would of taken the signal at B ..its a valid signal its strength and % chance of hitting its TP is the same as A so why ignore it..thats emotional and dangerous in my opinion.
If your accounts money management wont allow you to take 2 signals consider funding your account with a few more $ or go down to a mini or micro contract to enable you to do it
The signal at C had to be reversed because the long signal came along before C had hit its TP.
Again its a valid signal the system is saying long ...why stay short - doesn't make sense isn't logical ..traffic lights ..... red stop green go that all you need to know
at time of posting thelast signal on the chart is up 12 pips ...
cheers
PaulusIgnored
DislikedHi
My chart for today so far atm the time is 07.40am in the uk
If you look at my chart you will see that the 20 pip tp 10 pip sl is working nicely.
I like the 2:1 RR I know I can have 2 losers with just a winner to even things up..also with my ' stop at 20 pips' rule one signal that wins when i start means my day is over early.
One thing has come to light though with the 20pip tp , if you look at the chart at A you will see a short signal before the 20pip tp is hit I get another signal if your money management can cope with it take this signal at B..you are now live 2 signals but the signal at A need only move a few pips now to hit its 20 tp
The reason I think its important to take if you can is that if you missed the signal at A you would of taken the signal at B ..its a valid signal its strength and % chance of hitting its TP is the same as A so why ignore it..thats emotional and dangerous in my opinion.
If your accounts money management wont allow you to take 2 signals consider funding your account with a few more $ or go down to a mini or micro contract to enable you to do it
The signal at C had to be reversed because the long signal came along before C had hit its TP.
Again its a valid signal the system is saying long ...why stay short - doesn't make sense isn't logical ..traffic lights ..... red stop green go that all you need to know
at time of posting thelast signal on the chart is up 12 pips ...
cheers
PaulusIgnored