Hi Samuri, First, the zip file was missing the second part of the EA. I really would like to see how it works. There's another EA I've tried by a guy named nanningbob who has a thread here called Trading the AUD/NZD successfully that will buy and sell and take profit every 30 pips, or how many ever you want to set it. He has made other EAs that can be used on other pairs that will buy or sell every 60, 90 or 100 with the subsequent trades increasing in lot size by whatevre you want. Without reading the whole thread (I know I should), it seems this EA is a lot like it, except you are using it only for either a long or short position based on your reading of what the daily trend is. But, isn't the issue the RETRACE and not the trend? Let's say you buy or sell the EURO, because your chart says it's trending long and it steadily climbs up 300 points, and the biggest retrace was 25 pips in that whole move. You already have several positions at increasing lot sizes, so you really can't buy anymore. Because the pair is now 125 PIPS above your last trade, you need a retrace of 80 PIPS to close all trades either even or in profit. What if it never does? What if it just keeps trending up another 400 points? That's my main concern.
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