Random Walk Theory applying in Expert Advisor

New System Stats

Win Rate 100% (win 5 | Loss 0) || (Buy 0 | Sell 5)

Presently, for each position close it is trading 17 pips. To opimize this I am making it just 10 pips to ensure faster closing of position. Let's observe it for next 5 trades. The lot I need to increase so that it can hit the $10 target faster.

Trading Hours:

Also, I am increasing trading hours for next 5 trades from 5 to 10.

{4,6,8,10,12,14,16,18,20,22}

Here is a Trade scenario explained.

With the new logic, it opened a new position with candle retracement - as soon as trade range is in approved range. Although i would still want to avoid this zone for trading.

So, I have added S/D zones,next time onwards EA is not going to trade if price falls in these zones.

Do share your thoughts.

#Scenario of Supply Demand zone

After trade setting is updated - EA took a wrong entry: Which is now fixed in code to prevent similar cases in future.

New update - Bug fixes on Trading Strategy - Added Supply & Demand Zones

Please download again from page 1

About Exit - the strategy is -

If we get a confirm with support from other trade conditions such as - Trade Time, Candle Length, Market Volume - we close the open position with loss and take a fresh trade.

So, if my open position is sell is negative and EA gets a Buy signal with all trade conditions positive then it closes the sell and opens a BUY.

Presently there are two situations for EXIT.

A) As soon as Price Action/Trade Direction changes - EXIT the open Negative Position.
B) When there is a confirm signal on Opposite trade, then EXIT the open Negative Position.

With A - Pros are
- Loss will be minimum
- Quick exit,no need to hold the posiion for long

With A - Cons are
- You may get frequent STOPOUTs
- You may get FALSE Alarms more
- You win rate% is going to go down as it may close lot of positions in Loss


With B - Pros are
- Less False Alarms, so it is going to HOLD the position unless ALL conditions of opposite trade is confirmed
- Win Rate % will be higher

With B - Cons are
- You may get a BIG LOSS by the time it is confirmed an oppositite trade


Presently EA is following the EXIT Stretegy B, do share your thoughts on the same.

Cheers!

Do you have a trade explorer? Just curious.

Whether IncludeX must be installed too ?

Yes... just place the entire RekonX folder in Experts

Nope!

This is coming down!

Still Open ... bufferring on just above the old demand zone.

New System Stats

Win Rate 100% (win 6 | Loss 0) ||(Buy 0 | Sell 6)

Couple of trades closed in between

New System Stats

Win Rate 100% (win 7 | Loss 0) ||(Buy 0 | Sell 7)