DislikedGreat now that we can decide whether to delete the opposite order or not there are other things that should be concidered and I think are possible to make this work better.
Again I have traded these markets for the past tow years and have made consistent profits using the following system that should be easy to incorporoate in this EA. Keep in mind that some Majot traders use this system as well. I cannot speak to who they are but they are Major traders.
The rules they put down are quite simple Trades are made between Midnight EST and 3: am EST playing against the volatitity of the market at that time. Keep in mind also that since no news reports are released at these times the pips spread remains fairly stable. Trades ar eonly placed f the consolidation high to low is less than 80 pips apart. If so then the straddle is placed 20 pips above and below with a stoploss of 40 pips and a limit order of 40 pips. They trade the GBP/USD and the EUR/JPY.
The current EA placed three trades and will work fine but if it could read back and see if the consolidation is within the 80 pips and then placed the trades and if not within the 80 pips then place no trades this would eliminate some bad trades as we now see them.
I am sure that the EA could be adjusted to do this as it now looks back 17 or 24 hours then places the trades then it should be able to do the same , see if we are within the 80 pis and then make a decision to trade or not.
THere is another profitable system to this as well bu lets see if we can attack this problem first.
Also I have seen throughout his forum that we are trading the near NY open when the better time is the European open between Midnight EST and 3: am EST
Bernard
Those that say it can not be done should not interfere with those that are doing it.
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