DislikedI have been testing the EA on various times. 1-Jan-2010 to 1-Jun-2010. The attached chart displays my results on GbpUsd 1hr. (GoTrader Live account)
3 Order GbpUsd TesterGraph.gif
The second graph displays the 'reponse' to different time frames. I think I may find a tune for at least 2 hourly time frames. Clearly, one or 2 time frames stand out. This result is different between different brokers, but can be fine tuned for each.
So far I have also...Ignored
the two SMA's in the previous 2 1H bars only.
In some cases you might want to look at a reversal of the trend or at the
slope over a longer period, there are many variations but, I think there is
only GBP pairs that have the necessary volatility.
When I first noticed how the trend continued, I was only looking at a very
small period of time to establish the trend and the EA merely confirmed that
what I had noticed was a valid strategy.
I am sure there are other similar trend continuations or reversals that could
be used but one is quite enough for me, it has been a hectic time just
developing one EA!