Trending is one way to trade... Consolidation is another

I love trading. It really fits my personality type. Mode of passion.
Here's what's on the drawing board. Been chipping away at this strategy and I think this is a significant breakthrough.
So I wanted to share what I'm finding and value in put and feedback from other traders.
We all want to make money trading, right?

Using a semi automatic ea that is very flexible for opening and closing multiple trades with limit orders and take profits. (Not using the take profit function though) just the limit orders. It was coded by what I would have say must have been a "mad Russian." He's crazy because he is giving the coded ea away free. What a genius. Thank you. Thank Thank you. Cпасибо. Cпасибо. Cпасибо.

Here is his post... http://cmillion.ru/en/
If you use Google chrome it has a built in translate function.
If not here is the Google translate site. https://translate.google.com/?hl=en&tab=TT

I think the only real problem with any trading strategy is that there are two different market conditions. Trending and consolidation. One strategy will not work in both market conditions. There is nothing worse than getting caught in the start of a trend going in the wrong direction. By the time it becomes obvious what has happened there is usually a big enough loss to gobble up almost all if not all of what has already been made.

Identifying the end of a trend is not as difficult. Usually there has been a very dramatic trend for a while and then the traders are making up their minds. Profit taking takes hold and the trading bounces around within a range for a while. That is what I am focusing on. The consolidation market.

It is easier for me to identify a consolidation than the start of a trend. I do not want to outwear my welcome by trying to trade a consolidation for very long since it is sure to move significantly one way or another after a while. I monitor several pairs to find the market conditions I am looking for and using the semi automatic ea and a few other identifiers away we go.

Okay how do I identify a consolidation?
It's after a big move. Mark it on the day chart. Using a moving average cross (sma3 shift 1/lwma3). Then drop down to a lower time frame. I am using 1 hour and trade opposite. Moving averages are always slow in a consolidation. By the time they show a cross the prices have already headed in the opposite direction. This can go on for a while. That's my trading opportunity for this strategy. It is exactly opposite in a trend. In a trend you want to go with the cross. In a consolidation you want to have a way to go opposite to the cross.

It is easier for me to identify the end of a trend and trade in and out (at least short term consolidation) than the start of a trend and stay in it.

You need money to work with. Small position sizes, possibly lots of them and enough margin to let it play itself out. It's worth it.

For now I am setting the ea to the settings shown in the chart. My broker has extra decimals, so my setting for 200 is actually for 20 pips.

This is a semi automatic ea. It is not designed to set it up and go away for a year. It doesn't work like that!!!
Actually I don't know of any ea that will work like!!!! If you find one please please tell me about it!!!

****Something else to watch out for. In the mt4 tester the control point setting is useless. It is not real data. They have compressed the tick data and averaged in somehow so that it is not all what has actually happened in the trading day. Price action is pretty much completely lost. What came higher shows lower first, etc. Even the "every tick" setting has been compromised with some kind of averaging but it may be a little better, not much though than the control points. Maybe the lower time frames are a little more accurate since the opening and closing would be in tact. But everything else in the middle is coo coo house.

There is actual historic tick data available. It's a real headache to load it. But it will give 99% accuracy as to what really happened in the market. It was a few years ago I accessed it from Dukascopy. I'm just using the mt4 every tick setting on the 1 hour for now.

So here's the ea and the template I'm using.
The charts are 1 hour with the ea set up for trading using the markers on the day chart and going opposite.

I'm not using the take profit settings and just waiting for a marker on the day chart for a cross in the opposite direction. Only need to check the charts at the close of the day. Make sure to have lots of margin and use small position sizes for this.

It can be huge. If indeed it is a consolidation. I use the 400sma also. When a trend is winding down the prices will approach the the 400sma kind of flat lining. They bounce around the 400sma for a while.

The 1 hour is a very plane chart. The ea is set up there to trade. But no need to monitor anything there. Just set it up and let it do it's thing.

This morning was a knock out on 4 pairs in the demo. $1400 in a few hours. With a bunch of .01's. Can see where it is important to get it right.

Edit:
1/8/17 Found this great ea... Digger...
It does everything this semi automatic ea does and more.
Everything I've ever wanted.
Check it out...
https://www.mql5.com/en/market/produ...mments&page=21

Edit:
1/9/17 Great news for US traders!!!!
Tradersway will take US clients and no FIFO, hedging is okay and up to 1:1000 leverage.
All the bells and whistles...
If that isn't enough rope to hang yourself... I don't what is.
I'm opening an account as soon as I can get my funds out of Oanda..
https://www.tradersway.com/
Thanks rswamy4449
I really prefer the simplicity of the fishing expert now I can use it. wahoo.
On second thought take a look at this before jumping into Tradersway...
http://www.forexpeacearmy.com/commun...scammer.21954/

Edit
1/10/17
Okay. I'm going to take this one on.
I understand what he is doing basically.
Just have to get down the details of how to do it in his ea.
If you're a newby this will be a bit much for you.
I won't be a able to try to explain things.
You just need more experience.
So thankful for finding a broker that allows hedging.
I suggest checking out the tutorials first. This may not be something you want to try right now.

Download
https://www.bestforexeas.com/grid-harvester-ea/
Tutorials
http://tradecraft.pl/grid/

Edit 1/11/17
Instead of multiple positions in a grid on a single pair.
How about using a moving average that favors a direction and placing trades on 4 pairs?
This is the just super simple expert that mt4 gives in their example list... I can get "fancy" later.
Wait for a net gain and close everything.
Using this ea.

The 400 sma (green) is very powerful. Prices tend to hover around it after a big move. an area like this is what I look for. The 200sma and 400 sma are flat like this that is good.

With a $10,000 balance no problem with margin for .01..
If I have $5000 to trade I wouldn't open four pairs though.
In US we cannot used more than 20:1 margin. So for .01 it's $50.
If the limit amount is increases say from 20 pip intervals to 50 pip intervals. there are fewer trades so margin is protected and it is still profitable. Just not as much. Less than half as much. But safer.
This morning on the $10,000 demo.. 70 trades. I didn't wait for a stop and reverse on the day. I saw total gain $1400 for a few hours and closed them.

Triple A Investment Services S.A. DEMO
Account: ________ Name: jiva34 Currency: USD Leverage: 1:100 2017 January 6, 12:06
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
56494306 2017.01.06 08:04:37 sell 0.10 audusd 0.73236 0.00000 0.00000 2017.01.06 13:54:13 0.73152 0.00 0.00 0.00 8.40
56495468 2017.01.06 08:59:42 sell 0.10 audusd 0.73337 0.00000 0.00000 2017.01.06 13:54:12 0.73150 0.00 0.00 0.00 18.70
56496355 2017.01.06 09:33:17 sell 0.10 audusd 0.73435 0.00000 0.00000 2017.01.06 13:54:11 0.73143 0.00 0.00 0.00 29.20
56498374 2017.01.06 11:02:45 sell 0.10 audusd 0.73537 0.00000 0.00000 2017.01.06 13:54:10 0.73149 0.00 0.00 0.00 38.80
56501825 2017.01.06 13:30:05 sell 0.10 audusd 0.73457 0.00000 0.00000 2017.01.06 13:54:09 0.73149 0.00 0.00 0.00 30.80
56502772 2017.01.06 13:31:18 sell 0.10 audusd 0.73336 0.00000 0.00000 2017.01.06 13:54:08 0.73148 0.00 0.00 0.00 18.80
56503573 2017.01.06 13:35:18 sell 0.10 audusd 0.73326 0.00000 0.00000 2017.01.06 13:54:07 0.73149 0.00 0.00 0.00 17.70
56503847 2017.01.06 13:37:15 sell 0.10 audusd 0.73439 0.00000 0.00000 2017.01.06 13:54:06 0.73150 0.00 0.00 0.00 28.90
56504287 2017.01.06 13:41:52 sell 0.10 audusd 0.73335 0.00000 0.00000 2017.01.06 13:54:05 0.73147 0.00 0.00 0.00 18.80
56505056 2017.01.06 13:52:36 sell 0.10 audusd 0.73128 0.00000 0.00000 2017.01.06 13:54:04 0.73147 0.00 0.00 0.00 -1.90
56507569 2017.01.06 14:47:50 sell 0.10 audusd 0.73220 0.00000 0.00000 2017.01.06 14:51:31 0.73198 0.00 0.00 0.00 2.20
56490897 2017.01.06 06:10:15 sell 0.10 eurusd 1.05863 0.00000 0.00000 2017.01.06 13:54:17 1.05482 0.00 0.00 0.00 38.10
56493134 2017.01.06 07:24:24 sell 0.10 eurusd 1.05857 0.00000 0.00000 2017.01.06 13:54:16 1.05487 0.00 0.00 0.00 37.00
56494242 2017.01.06 08:01:28 sell 0.10 eurusd 1.05854 0.00000 0.00000 2017.01.06 13:54:15 1.05489 0.00 0.00 0.00 36.50
56494744 2017.01.06 08:24:59 sell 0.10 eurusd 1.05957 0.00000 0.00000 2017.01.06 13:54:15 1.05491 0.00 0.00 0.00 46.60
56495561 2017.01.06 09:00:06 sell 0.10 eurusd 1.05957 0.00000 0.00000 2017.01.06 13:54:14 1.05498 0.00 0.00 0.00 45.90
56496031 2017.01.06 09:23:45 sell 0.10 eurusd 1.05954 0.00000 0.00000 2017.01.06 13:54:13 1.05495 0.00 0.00 0.00 45.90
56496347 2017.01.06 09:33:12 sell 0.10 eurusd 1.06051 0.00000 0.00000 2017.01.06 13:54:12 1.05493 0.00 0.00 0.00 55.80
56498105 2017.01.06 10:59:35 sell 0.10 eurusd 1.06058 0.00000 0.00000 2017.01.06 13:54:11 1.05491 0.00 0.00 0.00 56.70
56501030 2017.01.06 13:07:49 sell 0.10 eurusd 1.05869 0.00000 0.00000 2017.01.06 13:54:10 1.05497 0.00 0.00 0.00 37.20
56501801 2017.01.06 13:30:04 sell 0.10 eurusd 1.06057 0.00000 0.00000 2017.01.06 13:54:09 1.05504 0.00 0.00 0.00 55.30
56501832 2017.01.06 13:30:06 sell 0.10 eurusd 1.06187 0.00000 0.00000 2017.01.06 13:54:08 1.05507 0.00 0.00 0.00 68.00
56501899 2017.01.06 13:30:07 sell 0.10 eurusd 1.06135 0.00000 0.00000 2017.01.06 13:54:07 1.05512 0.00 0.00 0.00 62.30
56502803 2017.01.06 13:31:23 sell 0.10 eurusd 1.05690 0.00000 0.00000 2017.01.06 13:54:06 1.05516 0.00 0.00 0.00 17.40
56503393 2017.01.06 13:33:47 sell 0.10 eurusd 1.05551 0.00000 0.00000 2017.01.06 13:54:05 1.05516 0.00 0.00 0.00 3.50
56503551 2017.01.06 13:35:03 sell 0.10 eurusd 1.05657 0.00000 0.00000 2017.01.06 13:54:04 1.05515 0.00 0.00 0.00 14.20
56503781 2017.01.06 13:37:04 sell 0.10 eurusd 1.05772 0.00000 0.00000 2017.01.06 13:54:03 1.05515 0.00 0.00 0.00 25.70
56503883 2017.01.06 13:37:19 sell 0.10 eurusd 1.05863 0.00000 0.00000 2017.01.06 13:54:02 1.05515 0.00 0.00 0.00 34.80
56504219 2017.01.06 13:41:06 sell 0.10 eurusd 1.05649 0.00000 0.00000 2017.01.06 13:54:01 1.05515 0.00 0.00 0.00 13.40
56504345 2017.01.06 13:42:57 sell 0.10 eurusd 1.05763 0.00000 0.00000 2017.01.06 13:54:00 1.05511 0.00 0.00 0.00 25.20
56505874 2017.01.06 14:03:28 sell 0.10 eurusd 1.05460 0.00000 0.00000 2017.01.06 14:37:15 1.05586 0.00 0.00 0.00 -12.60
56506173 2017.01.06 14:10:47 sell 0.10 eurusd 1.05562 0.00000 0.00000 2017.01.06 14:37:13 1.05578 0.00 0.00 0.00 -1.60
56506901 2017.01.06 14:31:38 sell 0.10 eurusd 1.05460 0.00000 0.00000 2017.01.06 14:37:19 1.05586 0.00 0.00 0.00 -12.60
56507090 2017.01.06 14:35:20 sell 0.10 eurusd 1.05559 0.00000 0.00000 2017.01.06 14:37:10 1.05566 0.00 0.00 0.00 -0.70
56507570 2017.01.06 14:47:50 sell 0.10 eurusd 1.05634 0.00000 0.00000 2017.01.06 14:47:58 1.05668 0.00 0.00 0.00 -3.40
56495517 2017.01.06 09:00:00 sell 0.10 gbpusd 1.23867 0.00000 0.00000 2017.01.06 13:54:22 1.23379 0.00 0.00 0.00 48.80
56496343 2017.01.06 09:33:09 sell 0.10 gbpusd 1.23864 0.00000 0.00000 2017.01.06 13:54:21 1.23402 0.00 0.00 0.00 46.20
56500432 2017.01.06 12:47:48 sell 0.10 gbpusd 1.23570 0.00000 0.00000 2017.01.06 13:54:20 1.23403 0.00 0.00 0.00 16.70
56500717 2017.01.06 13:00:00 sell 0.10 gbpusd 1.23664 0.00000 0.00000 2017.01.06 13:54:20 1.23401 0.00 0.00 0.00 26.30
56501816 2017.01.06 13:30:05 sell 0.10 gbpusd 1.23705 0.00000 0.00000 2017.01.06 13:54:19 1.23407 0.00 0.00 0.00 29.80
56501900 2017.01.06 13:30:07 sell 0.10 gbpusd 1.23707 0.00000 0.00000 2017.01.06 13:54:18 1.23411 0.00 0.00 0.00 29.60
56502776 2017.01.06 13:31:18 sell 0.10 gbpusd 1.23495 0.00000 0.00000 2017.01.06 13:54:17 1.23416 0.00 0.00 0.00 7.90
56503236 2017.01.06 13:32:52 sell 0.10 gbpusd 1.23381 0.00000 0.00000 2017.01.06 13:54:16 1.23412 0.00 0.00 0.00 -3.10
56503449 2017.01.06 13:34:15 sell 0.10 gbpusd 1.23515 0.00000 0.00000 2017.01.06 13:54:15 1.23405 0.00 0.00 0.00 11.00
56503877 2017.01.06 13:37:19 sell 0.10 gbpusd 1.23595 0.00000 0.00000 2017.01.06 13:54:14 1.23405 0.00 0.00 0.00 19.00
56504273 2017.01.06 13:41:45 sell 0.10 gbpusd 1.23591 0.00000 0.00000 2017.01.06 13:54:13 1.23405 0.00 0.00 0.00 18.60
56505047 2017.01.06 13:52:27 sell 0.10 gbpusd 1.23300 0.00000 0.00000 2017.01.06 13:54:12 1.23408 0.00 0.00 0.00 -10.80
56505048 2017.01.06 13:52:28 sell 0.10 gbpusd 1.23311 0.00000 0.00000 2017.01.06 13:54:11 1.23413 0.00 0.00 0.00 -10.20
56505054 2017.01.06 13:52:33 sell 0.10 gbpusd 1.23329 0.00000 0.00000 2017.01.06 13:54:10 1.23411 0.00 0.00 0.00 -8.20
56505055 2017.01.06 13:52:34 sell 0.10 gbpusd 1.23327 0.00000 0.00000 2017.01.06 13:54:09 1.23411 0.00 0.00 0.00 -8.40
56505057 2017.01.06 13:52:36 sell 0.10 gbpusd 1.23343 0.00000 0.00000 2017.01.06 13:54:08 1.23411 0.00 0.00 0.00 -6.80
56505058 2017.01.06 13:52:37 sell 0.10 gbpusd 1.23352 0.00000 0.00000 2017.01.06 13:54:07 1.23411 0.00 0.00 0.00 -5.90
56505060 2017.01.06 13:52:42 sell 0.10 gbpusd 1.23341 0.00000 0.00000 2017.01.06 13:54:06 1.23416 0.00 0.00 0.00 -7.50
56505064 2017.01.06 13:52:47 sell 0.10 gbpusd 1.23359 0.00000 0.00000 2017.01.06 13:54:05 1.23414 0.00 0.00 0.00 -5.50
56505065 2017.01.06 13:52:49 sell 0.10 gbpusd 1.23367 0.00000 0.00000 2017.01.06 13:54:04 1.23416 0.00 0.00 0.00 -4.90
56505075 2017.01.06 13:52:54 sell 0.10 gbpusd 1.23383 0.00000 0.00000 2017.01.06 13:54:03 1.23416 0.00 0.00 0.00 -3.30
56505171 2017.01.06 13:53:50 sell 0.10 gbpusd 1.23389 0.00000 0.00000 2017.01.06 13:54:02 1.23416 0.00 0.00 0.00 -2.70
56505875 2017.01.06 14:03:29 sell 0.10 gbpusd 1.23400 0.00000 0.00000 2017.01.06 14:37:08 1.23300 0.00 0.00 0.00 10.00
56496022 2017.01.06 09:23:37 buy 0.10 usdchf 1.01128 0.00000 0.00000 2017.01.06 13:54:14 1.01580 0.00 0.00 0.00 44.50
56496373 2017.01.06 09:33:27 buy 0.10 usdchf 1.01028 0.00000 0.00000 2017.01.06 13:54:13 1.01577 0.00 0.00 0.00 54.05
56501720 2017.01.06 13:30:00 buy 0.10 usdchf 1.01344 0.00000 0.00000 2017.01.06 13:54:12 1.01580 0.00 0.00 0.00 23.23
56501818 2017.01.06 13:30:05 buy 0.10 usdchf 1.01144 0.00000 0.00000 2017.01.06 13:54:11 1.01576 0.00 0.00 0.00 42.53
56502675 2017.01.06 13:31:06 buy 0.10 usdchf 1.01464 0.00000 0.00000 2017.01.06 13:54:10 1.01576 0.00 0.00 0.00 11.03
56502774 2017.01.06 13:31:18 buy 0.10 usdchf 1.01374 0.00000 0.00000 2017.01.06 13:54:09 1.01574 0.00 0.00 0.00 19.69
56503453 2017.01.06 13:34:17 buy 0.10 usdchf 1.01486 0.00000 0.00000 2017.01.06 13:54:08 1.01573 0.00 0.00 0.00 8.57
56503644 2017.01.06 13:35:45 buy 0.10 usdchf 1.01370 0.00000 0.00000 2017.01.06 13:54:07 1.01565 0.00 0.00 0.00 19.20
56504340 2017.01.06 13:42:55 buy 0.10 usdchf 1.01378 0.00000 0.00000 2017.01.06 13:54:06 1.01561 0.00 0.00 0.00 18.02
56505931 2017.01.06 14:04:08 buy 0.10 usdchf 1.01579 0.00000 0.00000 2017.01.06 14:37:17 1.01486 0.00 0.00 0.00 -9.16
56507092 2017.01.06 14:35:21 buy 0.10 usdchf 1.01478 0.00000 0.00000 2017.01.06 14:37:21 1.01488 0.00 0.00 0.00 0.99
56507568 2017.01.06 14:47:50 buy 0.10 usdchf 1.01438 0.00000 0.00000 2017.01.06 14:51:20 1.01476 0.00 0.00 0.00 3.74
0.00 0.00 0.00 1 321.99
Closed P/L: 1 321.99
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
No transactions
0.00 0.00 0.00 0.00
Floating P/L: 0.00
Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

Summary:
Deposit/Withdrawal: 0.00 Credit Facility: 0.00
Closed Trade P/L: 1 321.99 Floating P/L: 0.00 Margin: 0.00
Balance: 11 400.40 Equity: 11 400.40 Free Margin: 11 400.40

Details:

Gross Profit: 1 441.25 Gross Loss: 119.26 Total Net Profit: 1 321.99
Profit Factor: 12.08 Expected Payoff: 18.89
Absolute Drawdown: 0.00 Maximal Drawdown: 39.07 (0.34%) Relative Drawdown: 0.34% (39.07)

Total Trades: 70 Short Positions (won %): 58 (68.97%) Long Positions (won %): 12 (91.67%)
Profit Trades (% of total): 51 (72.86%) Loss trades (% of total): 19 (27.14%)
Largest profit trade: 68.00 loss trade: -12.60
Average profit trade: 28.26 loss trade: -6.28
Maximum consecutive wins ($): 11 (367.45) consecutive losses ($): 5 (-36.66)
Maximal consecutive profit (count): 367.45 (11) consecutive loss (count): -36.66 (5)
Average consecutive wins: 3 consecutive losses: 1

Jiva: hi!

Thank you for the sharing the EA.

If possible, could you explain EA input values, was unable to copy to translate.

10 value number below 100 value.
And
5 number above magic number

EA display value on the chart--xall ( close all)=10

In your description you said that, 1 hour chart with the ea set up for trading using the markers on the day chart and going opposite.

That means, you are waiting to see MA cross over on Daily time close, and then on hour chart you placing the orders manually (opposite to daily cross) ?

Do you close the trades end of the day or wait until new ma cross occurs on daily time frame?

Will start testing from Monday, will let you know results later.
Regards,
RSwamy

I never use the settings in setup menu. The fonts are messed up from Russian to English. So I don't know what all that is in the setup menu.
The ea values are easily set right on the box on the chart. And can be changed easily during the trading day.
My broker has extra digits so if I want a 10 pip step for the limit order I have to set 10x10=100 step.
It becomes self evident what this thing can and cannot do.
It's semi automatic which means it can be used in conjunction with whatever strategy you may be partial to.
I am using it to open and close orders using the moving averages.
By all means keep in touch. It's great to compare notes.
I'm testing now to see if it is worth while to have two separate accounts. One going against the moving average cross to take advantage of consolidations
and one going with the moving average cross to try to catch a trend. Most likely I am guessing they will simply cancel each other out in the long run. But I want to run it through just to see.
I'm in the States and there is no hedging here.
They don't want the little people to be able to make any money.
since I can't use the full function this ea offers, which is protection by hedging, I am seeing how to combine it with the ma cross.

Hi Jiva4. Thanks for you share your EA.
but my mt4 cannot compile this mql4 file. Could you provide an ex4?

That's weird..

More developments on this EA here (use Google Translate) http://forexsystemsru.com/sovetniki-...fishing-4.html

which pairs can be used ? EURUSD or GBPUSD ?
H1 or M30 ?
use default setting ?

Thankyou jiva!
hope i could see a online package trading by you on next days!
thankyou again

I don't see why any pair couldn't be traded with this.
For me it is ever and always.... being able to identify when it is trending market and trade with the trend
Or a consolidating market and trade opposite the trend, since I am using a ma cross with the ea can can only trade in one direction at a time.
If you can hedge, in US it is not allowed... The ea has a whole 'nother application.

Thanks. For the newer versions he is asking $50 to trade it live. It can be practiced on a demo but it is coded so that it will not trade on a live account unless you pay. Not ready for buying anything. I think I can add other functions using additional free advisors set up on separate charts if I need to.

My main concern is being able to distinguish what kind of market we are in. If I know that I can trade perfectly. My strategy for trending is fool proof. Also my strategy for consolidation is a real winner. Just being able to tell what kind of market before it changes is my challenge.

Nothing worse than getting caught in new trend going the wrong way. Jumping into a trend breakout to find out it was just some stops being taken out and have the whole thing reverse in a matter of seconds.

A couple of years ago I caught the EURCHF when it was unwinding and the CHF took off without looking back. I managed to catch that trend and 3000 pips in a few days. Trends can be great. But I am thinking it may be easier to identify consolidations. They pretty much always come after a big trend which is pretty easy to see.

The market is always trending,it depends on which time frame you are looking at.

Right...

Also.... there is ...

Hi probability trading ...lots of small profits, but risk of a single big loss heightened
Or
Hi profit single trades, lots of small losses until the big one comes.

It's an either or... and success is connected to distinguishing when to use what.

Anticipated big announcements or news is something to keep an eye on.
Technical trading but not in a vacuum.
To be able to really backtest test accurately release dates for data and news events marked on the charts would be needed as well as real tick data not the hodgepodge scrambled data in the MT4 tester.

Maybe I can get around market conditions. Going to be testing something..
I love simple.
the bb bands say a lot about market conditions.
I especially like the bb bands 400/1
On day mark price action closes crossed on the upper and lower bands and look for a trend starting.
keep the ea running on the 4h in the tester...

Hi Jiva34.
Please translate in English.

Thankyou
Patumraj.

You can try Google translate. But honestly I don't think this a language at all. Sometimes if there is not the appropriate font it will just print what is called wingdings.
To use the ea you don't need to set anything in the set up menu. You can control it completely right on the chart in the box.

This always happens on the weekends. I run all over the place looking for better ways to do things. But really I think I just want to stay with the scalping strategy I was using originally the ea for.
I was using the bb bands on the day chart to identify market conditions and then trading with what I perceived as the trend.
But this got me trapped in some serious retracements in EU.
So really I was just wanting a better way to identify trends to avoid big retracements and possible reversals.
But then that led to trying this that and the other thing... all over the place.
But now the markets are opening again and the dust is settling sort of.
I'm back to 10 pip steps with $1 profit for .01.
Instead of trying to use bbbands I am using sma3 shift 1 cross with lwmar 3 on the day chart.
Watching the fun on the 1 minute.
My goal is to find a way to trade that is consistent. That means it doesn't have to catch a zillion pips once in a blue moon.
It just has to catch 10 pips all the time. I can get big profits by adjusting the position size if it can just be reliable.
The Achilles heal is buying a top and selling a bottom. What else is new!
I will have to see how much of a loss is acceptable when this happens.

I think it will work out. When 3-3 crosses on the Day chart that is when any positions that are still open are closed either for a gain or a loss and the settings in the ea are for the new direction. Set the ea so it opens a position immediately and then look for 10 pip steps. Even if the ma's are too slow it still should be able to catch 10 pips.
Now I have to see how many positions can be opened safely.
Am only looking for $1 or 10 pips at a time. So two positions should be more than enough. Really 1 position is ideal. There is potential for a large loss even on 1 position. It could happen means at some point it will happen.
Whether it is practical or not. Will have to see.
If I do like that 10 pips one position... I could trade .1 safely for $1000
but will probably still stay with .01 per $500.
so .02 is more likely.