Disliked{quote} today is risk off day! lucky enough to catch some pips. I notice you using EA. my question does EA really work? i tired it didn't work me.Ignored
EA can work, but 1) TMS-5 method does not involve EA as mentioned explicitly by the OP BigE. And 2) EA does not help improving the strategy
there are two parts.
pre-trade analysis
The EA are laggard as they alert confirmed TDI signals only after candle closes, and also yielding wrong values. The signals are late for dynamic entries so traders are forced to use additional confirmation tools AFTER signals are long past for entry. Just look at the timing of entries.
trade management.
For discretionary PA strategies like TMS, rigid pip management has no advantages. SLTP are adjusted according to market structures in each case for maximising profit.
TMS can have high accuracy for entry. Trust your analysis to set a simple SLTP and optionally trail SL to BE when price arrive a milestone level. Simple single exit to close whole trade is best to maximise profit in a long run for PA strategies like the TMS. Partial close and trail SL are good for systematic and statistical strategies which predict market with lower probability, and which can be fully automated.
for me trading TMS, trade management is set and forget SLTP, and optionally one more step to set SL to BE.
You can blend various tools to develop your TMS, but best is to combine tools that work well in same trading approach for best performance.
trade well
3
