DislikedHere is what I will be testing this week but pretty sure there will some changes by the end of the week but more likely after I have been watching the EA trade for the week I will set up 2 or 3 more instances of mt4 with the EA on it with different setting to forward test. Here is my set file and template for anyone who is interested bearing in mind this is the first time I will be forward testing the EA Anyone testing the idea with different setting or anything please feel free to share info here as much as you want so that we can see what works...Ignored
My Comments on your Settings: (I assume you're using a 5-digit broker as seen from the charts you attached)
- Min. Distance between order = 20 is too small for a 5-digit broker, should be at least 150 or 200. However since you're trading the Daily time frame it shouldn't be an issue as we have a maximum of One Order per Candle.
- You have enabled the stop loss options AND the Equity Loss percentage.
- a SL of 100 points (10 pips) will be hit very frequently on a Daily time frame
- Plus it is advisable to use either SL options, or Equity Loss options as both will contradict with each other.
- Keep in mind that SL options are applicable to each pair, While Equity options are applicable to All pairs traded (the whole account actually).
- When using SL options we have to take care of each pair volatility and the time frame traded, So a SL of 50 pips (500 points) could be suitable for EUR/USD D1, bout not for GBP/JPY D1 which needs more room
- When using Equity Gain/Loss percentages,This actually will be your Reward:Risk Ratio, I would advise of having a minimum of 1:1 Reward to Risk ratio if not more. So if you set Gain%=20%, Loss% should be maximum 20%
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