You are right JL. I wrote a trailing stop into your EA. Testing confirms that a trail will not work with this EA strategy.
However, I did set a SL of 1 pip profit after 10 pip gain, and it seemed to reduce losers. From observation, if the trade is going well after entry, it doesn't look back and will exit nicely using the indicators. But, potential whipsaw type of trade is saved by the stoploss set at 1 pip profit after a 10 pip gain.
I will continue testing.
Carl
However, I did set a SL of 1 pip profit after 10 pip gain, and it seemed to reduce losers. From observation, if the trade is going well after entry, it doesn't look back and will exit nicely using the indicators. But, potential whipsaw type of trade is saved by the stoploss set at 1 pip profit after a 10 pip gain.
I will continue testing.
Carl
DislikedTrailing Stop
A trailing stop once hit, will move the entry farther from where it should have begun, meaning more risk of losses, so is not used in the ea, and not advisable.
Someone please make a summary of the entire thread, I will add a link to the post from the post # 1.Ignored