What about instead of hedging, doing like other EA's where you have choice to close out at certain % of drawdown and close all trades. (I know you can put MPTM) etc.. The EG works well, doing it with FIFO and no Hedging, but still good results. I ...

Another thing that might be useful is to limit the # of entries by TIME also. For instance, instead of disabling around news, why not limit it by time by saying no entries within 20M (Variable) or whatever of each other. That will limit the fast ...

Bauta, Here is an idea ripped from other EA's and something that could be of value. The ideas could come in a million different ways and you will end up with the most complicated EA in the world. To me, basic is better as if I were to put a large ...

I have done some analysis as I have been running this for a while. I wouldn't run it even at that unless I considered the money as possible to go away. I have my settings at 500K to .01 If all works out, I figure I will risk 6MM for .12 lots. That ...

Just remember, that when the big moves happen, this most likely will not last through it. If 3 or 5 different currencies run 1000 pips overnight through some strange madness, will it survive? Backtesting is worthless in my opinion, and this is from ...

Yes, agree about FIFO, and see your concern now more clearly. No worries then for me, I figured it was basket grid trading.

Bauta, I am not trying to 'challenge' you, or anything of the sort, strictly trying to help you test, as well as other EA's etc. just for Hobby. If you could employ the FIFO logic on the orders, I think that would be interesting and add value to the ...

What do you mean in 'blocks'? So, maybe it is not the typical grid system where you hit a TP and it only closes the top trades but leaves larger trades? I assumed it would close the basket like it does on all the other trades? I guess I don't ...

Any chance to clean up the FIFO issues?

In my many years of investing. 16+, I have never met a successful day trader (currencies, futures, etc.) that has done it consistently and/or long term that stands outside of a bank that has sufficiently more capital. Everyone has their money ...

The EA is good, similar to my blessings EA that I have used for years. Basic concept, good concept, but not a concept based in anything other than MONEY MANAGEMENT. Hedging is futile, as someone who has risked 10's of thousands of dollars trying to ...

What security reasons? Someone will hack into your account and trade for you? Is this a real possible issue? Say, I put my stuff up on myfxbook.com and you are saying that it will get hacked and make trades for me or somehow wire money into someone ...

I think BlueSteele has a point. He challenges your thinking and that is what every system needs because all too often you will spend 2-4-10 months on a system and when market dynamics change, voila, you give up because you didn't like the DD. He is ...

I concur with your sentiments. I was confused and I kept reading to figure out what the technique is and then I hear the drumroll and nothing comes out. Taking small profits with large stops is definitely not new, but the spin is to go for the pair ...

Very nice of you. I am new (again) to the thread and wishing everyone a happy new year and of course Merry xmas.

I agree. Can you explain a bit more on the 'rules'? I do believe if you incorporate different filters onto price action type trades then you will have a lot more success. Is this taking Long on previous long bars, short on short etc..? If you don't ...

Yes, the two different directions protects us to some degree. However, my version blew up, back to starting equity as DD was too much. I know this will sound like Negative Nancy, but unless something changes, there is a very likely possibility that ...

Lots of DD currently on my live version here. Jumped up considerably. Not following you on the taking of trend trades even though you are taking trades in opposite direction? If you do not take opposite direction trades, then this just becomes the ...

Your Jumping stop doesn't seem to work? Nor you BE stop. Didn't test TS yet. Also, it doesn't seem to take all the trades. Price breaking out of TMA right, then crossing MA. Also, including the TMA ATR variable along with the MA cross and the ...

Agree, or take an average from an average. A .43 lot size on a penny account is very high no matter what the range of the trading is... This could end up like blessings, marvelous during ranging (since we have been pretty much testing this), but ...