DislikedHi, Some introduction first. I am an experienced but not profitable trader focused on automated trading and looking for new ideas I landed in this thread. I am close to give up forex trading. I have read many of the posts but have not been able to read the 600 pages so I would appreciate if any of you could answer some of my questions. Is there any guide on how the EA and its settings work? Is there any consensus on optimized settings? Is there any relation of grandaevus indicator with the EA, they seem to produce different suggestions and I am...Ignored
Some day when there is time I will create a manual LOL.
All those inputs u see are a accumulation of "requests". Some requests are beneficial other are still being tested.
Since u are starting out I recommend u start with the vanilla version. What is the vanilla version it is the original version the author started with. I requested he put back the info he originally had on page 1 but alas he said he lost the TEXT LOL!!
Ok so this is what the EA does. In its most BASIC process. This will help u to get started with the inputs that you need to use or want to use.
1. Indicator (ccfp-diff or CMSM) will post a list of suggested pairs and directions.
2. EA reads the list and opens a basket of trades with all that info from the indicator
3. EA monitors basket until either a STOP or TAKE PROFIT or till then end of the DAY/WEEK/Month (depends on the setting u use for TRADE MODE) is hit.
4. IF u leave the EA on it will repeat the process... it will open a basket at the start that u indicate and do 1-3 all over.
You have three mode and for each there is an OPEN HOUR and or an OPEN DAY.
TradeMode=DAILY:
Open Hour (all hours are GMT). Closes when TP/SL or end of day is reached (u can ignore end of day and let basket run)
Trademode = Weekly
OpenHOUr, Day to open trades. Same as above except that the basket if still open will close on Friday about 1hr before the close of market
TradeMode=Monthly
OpenHour, OpenDay. Ditto, same as above except closed on last day of month.
So Inputs to use for above
Trading Mode
OpenHour ("HH:mm") GMT of course
Day of Week to Open Basket
Day of Month To open basket (1,2,3...28 or 30 or 31)
LotSizing = Fixed or LotsPerBalance
Lot Size (Fixed use this)
Lots_Per_Balance="0.01/100" (LotsPerBalance use this)
Use_SL_TP_Locks_As (Pips or Percent)
Take_Profit Basket or perTrade (pips or %) (pips/% depends on what you selected for Use_SL_TP_Locks_As )
Stop_Loss Basket or perTrade (pips or %)
That is it in a nutshell you can leave the rest as default.
The other two things that may interested you are the virtualbasket. Think of it as a BIG OLDE PENDING ORDER X pips have to be traveled by an imaginary basket before the REAL basket is opened.
And then there is alos the Trailing stop, BTW guts the next version will have the GOOD OL regular TrailStop for the basket. You will be able to choose the percent trail Lock as it now or the standard trail stop.
Hope this helps
Jess
Our AWESOME IMAGINATION is the true holy grail!
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