Disliked{quote} Anpar, please I want to practice the manual use of this EA like you do. I have set up some indicators so hint me on the possible trend direction. I don't however know how to set the EA to manage my manual trades and close them up at a given/ set profit say $50. Can I get your set file for the manual usage please ? This will help me a long way as I hope to also target $50 per trade on a $2000 account. I hope to practice with it through out this month and paste my result here. Thank YouIgnored
I posted the set-file a few times in the thread, but to make this simple.
To trade manually, you need to do the following.
1. Set Signal_Level = 100 - This is need so that the EA does not trigger a new trade after your manual sequence of trades are closed.
2. Closing_Option = "In Currency"
3. Profit_Trailing_start = 50
Those are the 3 main parameters needed to trade manually based on a $ figure for closing. One thing I keep preaching is that you need to run back-test with your own broker. Performance between brokers vary widely.
Here is how I tested, in no particular order.
1. Determine trend signal based on a 4 hour chart. This should not be complicated, at a glace you should be able to determine if the trend is up or down.
2. Set the time you want to execute your manual trades, for me it is 10pm Atlantic day light savings time
3. Set the EA to trade based on Signal_Level = 00
4. Set the EA to trade only between 10pm - 11pm Atlantic time
5. Download tick data of the pairs you want to trade for at least a 1 full year.
6. Starting on Jan 3, run the EA based on the direction of the trend, so if the current 4 hour trend is short, I would set the EA to Sell only with "Reversal" = true..If trend is long I would set the EA to Long only with "Reversal" = false. In live trading, please note signal_level = 100 and Reversal is always equal to true.
7. Run the EA in the tester each of the trading days to see if my profit target was hit based on the parameters I set, in this case $50 profit per pair. I would test the parameters every trading day of the year, so for example, if the month of Jan had 20 trading days, I would manual test the EA 20 times representing each of the trading days in the month based on the direction of the trend. I would do this for every pair I intended to trade manually.
8. Days that I know important news is coming out, I skip and don't test. Hard rule, don't trade going into important news.
That is how I did my testing and how I came up with my parameters.
1