That's what we need come up with ideas to.reduce risk and increase profit margine
Grid - New indicator that replaces chart grid 60 replies
Lets try something new CUT OFF DATE 5 replies
Grid, Burst Grid, Grid Risk and Grid Profit 1 reply
Ok, Lets do it - Developing a Highly Profitable System 147 replies
DislikedMy vote is for spike detection. When there is a spike, stop adding new trades. Or option to hedge when a spike is detected.Ignored
Dislikedi am also using it with restricted settings. in every week i am trying it with different pairs. lst weeks pairs were GBPUSD, EURNZD, EURJPY {image}Ignored
Disliked{quote} We always need Guys Like you here khattak2666. You are doing a great thing testing different pairs in different settings. Keep up the good workIgnored
DislikedCan you guys explain in Details about the hedging Theory some guys are talking about. How you would like to work that with the EA. if we coded that and Updated with the EA. I need your all Ideas about it.Ignored
Disliked{quote} That's what we need come up with ideas to.reduce risk and increase profit margineIgnored
Disliked{quote} There are different ways to hedge. Here 2 examples. Dont really know if these are good ideas and how to integrate them into this EA though. 1. 1 lot buy order, drawdown 50 pips At 50 pips drawdown execute a 1.2 lot sell order diff is now 0.2 sell lots This stops further drawdowns and slowly recovers losses if market keeps falling. You can wait for the market to fall further and the hedge sell will equal the buy order. 2. Say you are -20 pips. Hedge the position. If position moves back direction profit, close the hedge at -10 pips of the...Ignored
DislikedI've been thinking about how to stay out of trending markets, and I think I've worked out a way. Have a look at the below chart. The indicator at the bottom is a currency strength indicator. Download it from here: https://www.forexfactory.com/showthread.php?t=481576 Each day, check the currency strength indicator on the daily chart and only use the EA when the currency is ranging within the middle band. Today the EURGBP is within the middle band, so I will trade the EA. It's pretty obvious when you should be in and out of this market....Ignored