DislikedULTRON_LITE_3.1 In this version, only MA3MA4 gap has been changed to 53 (ULTRON_LITE_3 uses 48) That makes all the difference. Thank you Paul for paying attention to this moment. {file}Ignored
My "Ultron" EA for GBPUSD H1 timeframe
OK in all testing in last 1 year, we have picked up huge drawdown- according to some it is scary. 84% - Relative Drawdown.
And this has happened during May first 14 days. It is high volatile quick swings, which has affected these trades. This is the only 1 single instance in whole year where there were 4 consecutive losses.
Picture outlines which are those losing trades & how many pips was it before the market went in making the trade breakeven.
From looking at it,
What about this idea-
1. Bringing Spread into trade open. On a volatile market - spread is usually high.
2. If a trade which is opened goes into negative say about 60% or 70% of the original SL, then TP should be moved to Breakeven.
example, if setting SL is 100 pips, and trade goes into negative about 70 pips, our original TP should now be set to Break even price, so that when it retraces, order gets closed. If the price comes into a break even range - say 10-15 pips range. new SL should be break even range.
new TP will be same or closer to our initial open price. And new SL should be 10-15 pips range of the new TP. That way, even if the price rebounds back into negative, we only take 10 pips loss.
I know some trades would close with this strategy, but i think, if this is coded, we might reduce drawdown, and we already have good winners.
What do you & @PaulDV say about this.
- For me changing ma-gap from 50 to 56 doesnt change much in terms of drawdown. main issue in previous was relative drawdown. profit was more than happy on both.
- #1,451
- Mar 22, 2019 12:10pm Mar 22, 2019 12:10pm
- Joined May 2017 | Status: Trader | 3,883 Posts
Truth is like poetry. And most people f*cking hate poetry.
