I do like the idea of using pivot points or fibs to provide qualifications of the signals, though, and will look into this when I get the time.
"Pips are vanity. Profit is sanity."
My "Ultron" EA for GBPUSD H1 timeframe
s- #1,608
- Mar 27, 2019 9:08am Mar 27, 2019 9:08am
That's another long trade at a resistance level that has been tested for the 3rd time since 25th March. This was the same scenario that played out with the last 2 short trades wherein the former lost but the latter won - probably due to some sort of news 'cos of the length of the candle that broke the support level. If this is a norm with Ultron - I mean to open long trades at key resistance level and short trades at key support level - then we'd probably need additional entry filter(s). Only time will tell though. For now let's give it some time with forward tests.
For the previous trade that hit 70SL, indecision doji was a clue that there was buying weakness at the point of resistance and the next bearish candle was the confirmation. But since this is an EA I don't want to expect to constantly intervene with its decisions 'cos what then will be the need of a robot
Presently, the GBPUSD is in a sideways market and like I'd mentioned sometime ago I don't really expect Ultron to do so well presently. Myself I've put up a few high volatile pairs such as EURAUD, EURNZD, GBPNZD, GBPAUD, GBPCAD etc for forward testing on demo and they are showing promise. In time I'll post my results. This pairs make a lot of pips in short moves/distances and when they begin to move they tend to really move with not much pullbacks. But you don't want to be caught on the wrong side
. If my results prove any good then we'd need to inculcate the partial closeout feature in Ultron so as to avoid closing out trades too early due to short pullbacks that usually take out the retrace feature.
Happy pips people!
For the previous trade that hit 70SL, indecision doji was a clue that there was buying weakness at the point of resistance and the next bearish candle was the confirmation. But since this is an EA I don't want to expect to constantly intervene with its decisions 'cos what then will be the need of a robot
Presently, the GBPUSD is in a sideways market and like I'd mentioned sometime ago I don't really expect Ultron to do so well presently. Myself I've put up a few high volatile pairs such as EURAUD, EURNZD, GBPNZD, GBPAUD, GBPCAD etc for forward testing on demo and they are showing promise. In time I'll post my results. This pairs make a lot of pips in short moves/distances and when they begin to move they tend to really move with not much pullbacks. But you don't want to be caught on the wrong side
. If my results prove any good then we'd need to inculcate the partial closeout feature in Ultron so as to avoid closing out trades too early due to short pullbacks that usually take out the retrace feature.Happy pips people!
{quote} One is TP and other is Retraxe exit. If retraceexit is false drawdown is relative drawdown 80% Consecutive loss are 4. Make it true you will see different result
- #1,613
- Mar 27, 2019 10:29am Mar 27, 2019 10:29am
so guys, can someone tell me what set are u using and EA, I pic the EA from the first page and its only hitting SL all the timeThanks in advance
The only difference between them is the lot calculation methods and trade management once the trade is live.
For ULite3 and PDV105, simply start with the default settings.
"Pips are vanity. Profit is sanity."
- #1,615
- Mar 27, 2019 10:42am Mar 27, 2019 10:42am
- Joined May 2017 | Status: Trader | 3,881 Posts
Truth is like poetry. And most people f*cking hate poetry.
- #1,618
- Mar 27, 2019 11:19am Mar 27, 2019 11:19am
- Joined May 2017 | Status: Trader | 3,881 Posts
Truth is like poetry. And most people f*cking hate poetry.
. Now we can just pray or close.