Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
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DislikedChartist... I think everyone has already tried this strategy and i don't see any veteran using it, and none of them even mention this, cause they know what happens... Maybe you should try to learn more before saying thinks like that to someone who might knows more than you (and i really, really think he does).
Mer congrats in putting efforts on this thread and sharing the EA for free.. But i really don't know why you put an expiration date if you don't plan to sell it.. I read the posts, but I think that in a year you won't even gonna remmember that you started this thread. It's just a thought...
BTW i do martingale sometimes... But in my discretionary trades, cause i think i won't be able to be wrong more than 2 times in a row, and if i do i'll take the loss... And it's not a stop and reverse thingIgnored
DislikedWell guys, I've got good news and bad news.
First the good news. PowerSM V.2 is here!!!
1) This is for Chartist. My coder was able to make the "Re-Enter" function possible! I've attached a pic of the trades to show everyone how it shows it re-entering a trade at the same level where it was stopped out at. It will only perform this function when your breakeven input is triggered. I purposely set my BE to 20 pips to risk being stopped out more often for testing purposes and I will change it back to 30 for tomorrow's trades.
2) A small bug in the PriceEntry logic was fixed.
3) The "False-False" bug I believe has been fixed. I entered trades last night around 03:00 GMT (way early for me) because I was itching to see if it worked and it did.
Now the bad news.
For those of you using the EA with the time and price entries set to "False", the EA will enter a new sequence immediately after a sequence is closed. The only way to combat this is to manually turn off the EA to stop trading or, once the EA is placed on the chart, change either the time or price entry to "True" to override.
My Eur/Usd did finish out three sequences this morning and would have keep going if I didn't change it to a Timed Entry. Same with Usd/Chf. My Usd/Jpy is still going and since it closed out at 16.50 lots with $0 profit (probably due to the time entered and the BE input is too low), it should start up tomorrow at the same 16.50 lot level if all is well. I'm going to start the EA back up at 00:00 GMT because Usd/Jpy is around the 38.2 retracement and I don't want to go longer than 7 levels if possible. Also this shows why it is important to be in at the right time of day for the correct volatility and you should keep your BE input to no less than 75%.Ignored