I cannot see why your EA would place a buy order, the SMA was on a very definite down slope last night with no possibility of misinterpretation!
Which version are you using?
V5a
I did not use the suggested SL. Based on the outdated data that babypips provided, normally GBPUSD will have a range of about 70 to 80 pips during Australian/Asian session. So, i use 70 pips as my SL. If, i stick to suggested SL, i may have a chance now.
In the EA display I show the 10 day daily range calculated from the D1 candles, is this of any use to you?
I guess the range through the Asian session is more relevent to your time zone!
Hi Elovv and kvellimalai
This is bad news, my demo and live accounts both traded on v6 and even on v4 (see my signature) as they all use the same way to generate the trade.
Please let me know if you find any reason, I can't see why myself!
I cant understand why, its exactly the same settings on live/demo with DLL allowed. I havent touch settings since last week and it woked perfect last week.
But I have uninstalled all MT4 on my computer and installed to fresh IBFX terminals, one live and one demo.
Pherhaps they will trade perfect to night.
I have just a little live mini with $50. Trade 0.02 lots, its 2 cent/pip.
I always test EA:s on miniacc with little lotsize before I decide to trade it with real money.
But if its work lotsize doesnt matter, we can earn a lot of money independent...
This is not our EA it was an off topic post!
I hope it does work tonight, I hate problems when you can't see any reason for it, like the problem camvcvoo had where it placed a buy when everyone else placed sell, this could drive me to drink!
I think MT4 sometimes doesnt do whwt we will. If we cant find whats wrong, remove it and start again
Elovv
Oh, but I wanted something to drive me to drink, any excuse will do!
Oh, but I wanted something to drive me to drink, any excuse will do!
Two successful demo trades for Version 6 last night. I turned off my live account due to bank holiday although now wish I had left it on. Just noticed that the magic number seems to change. I used my own magic number and the second trade appears as my magic number + 1. Not sure if this is meant to happen to distinguish between trades 1 and 2 but it I use a history anaylsis EA and it needs the magic number to be the same.
Paul
As your account balance grows, you will be able to increase your lot sizes and still stay within the 3% rule. I'm still doing some back testing to see if I can find some better settings. I think I'm splitting hairs, though, because if our settings can produce anything over 80%, we should be able to make a nice profit long term. That's where good money management will be crucial. Try and stay in the game so you can benefit from this awesome EA. Good luck to us all!
How do I do that in the message? I attach it. Edit:Last year. It worked.
Maybee IBFX miss the loosing trades because their is trades open? IBFX does not allow hedgning.
If I will do a test with compounding, how does risk percent, low med high risk work?
Elovv
Once we find the near optimal settings for any currency pair, start out slow with small lots in your LIVE account and use good money management. Try and keep your daily loss to less than 3% of your balance. If this EA keeps performing like we've seen it do lately, we can be in for a nice ride
That alone worth 2-3 days of trading, will continue run it on Demo few more days..Another night WIN.. 2 Sell orders one for 34 pips and another for
61 pips =
95 pips total
P.S
I checked EA on some different pair and seems this is USDGBP phenomenon only.
