[quote=ray420;3709234]wow.. I like the straight line of profits on the backtest have you used it on a live account?[/quote]
Hi Ray
I trust Bob won’t mind this side discussion on this SWB ea.
I have just had it on a demo account for the past few days to see how it behaves and it is a steady winner.
I see it is set to go up to 10 levels with a multiplier of 1.5 and a starting lot size of 0.1 lots. This could be a problem: if there was a straight run of 225 pips the resulting draw down will be over 5K. On the other hand it is not often that there is a straight run up or down without a 10 pip retracement at a few places in the move.
I am thinking of running it starting at 0.02 lot size and a tp of 5 euro which will give a maximum exposure of 1072 euro in the case of a 225 pip straight drop. With careful monitoring during the day and avoidance trading major news events, then it could be useful. Would I leave it to run overnight - could be dangerous.
Lets say it could be another piece of useful kit in the arsenal for the short timer.
On the other hand Bob’s 60x90 and 4 hour strategies are the best I have found.
Best Regards
Hi Ray
I trust Bob won’t mind this side discussion on this SWB ea.
I have just had it on a demo account for the past few days to see how it behaves and it is a steady winner.
I see it is set to go up to 10 levels with a multiplier of 1.5 and a starting lot size of 0.1 lots. This could be a problem: if there was a straight run of 225 pips the resulting draw down will be over 5K. On the other hand it is not often that there is a straight run up or down without a 10 pip retracement at a few places in the move.
I am thinking of running it starting at 0.02 lot size and a tp of 5 euro which will give a maximum exposure of 1072 euro in the case of a 225 pip straight drop. With careful monitoring during the day and avoidance trading major news events, then it could be useful. Would I leave it to run overnight - could be dangerous.
Lets say it could be another piece of useful kit in the arsenal for the short timer.
On the other hand Bob’s 60x90 and 4 hour strategies are the best I have found.
Best Regards