Hello fellow traders, i found this EA (see attach files) in another forum. It is a 1M scalper that uses envelopes extremes for counter-trading, and trailing stops. You can actually find a whole "family" of similar EA's followed by crazy (and suspicious) reports.
Works wonders on tick backtests, and was working very good on demo, but soon later i found this problem:
I suspect it has something to do with the limitations on Stop Loss/current price distance, requotes, lag, etc. I have tested it on two different brokers and they give the same signals and same errors at the same time.
The result is that some trades work as they should, but a few other show errors while modifying the new SL/TP levels, the result in most cases is a runaway (losing) trade. I created a secondary EA to draw and trail a secondary "Stop loss" that closes by market (would not work in a blackout). I would like to hear what experts have to say about it, and if there is a better solution other than closing by market with a secondary EA, thanks.
Also i am not the owned nor i have the source code for the EA, so if you have any distrust DON'T DOWNLOAD.
Works wonders on tick backtests, and was working very good on demo, but soon later i found this problem:
I suspect it has something to do with the limitations on Stop Loss/current price distance, requotes, lag, etc. I have tested it on two different brokers and they give the same signals and same errors at the same time.
The result is that some trades work as they should, but a few other show errors while modifying the new SL/TP levels, the result in most cases is a runaway (losing) trade. I created a secondary EA to draw and trail a secondary "Stop loss" that closes by market (would not work in a blackout). I would like to hear what experts have to say about it, and if there is a better solution other than closing by market with a secondary EA, thanks.
Also i am not the owned nor i have the source code for the EA, so if you have any distrust DON'T DOWNLOAD.
Attached File(s)
15092017.ex4
52 KB
|
276 downloads