Adjusted the PlexyTrade Live account to more conservative settings. And both accounts hit target last night. 
Was gone for a couple days. I'm glad to see that both accounts recovered. Blackbull did go to the 5th day which I do not like, but PlexyTrade did fine. I think I will tweak the Blackbull account a little to see if it will improve. 
- #120
- Edited 4:56pm Aug 1, 2024 3:00pm | Edited 4:56pm
- | Commercial User | Joined Oct 2015 | 781 Posts
Version 2.44 has passed functional testing and now is time to put it to the real test. LIVE ACCOUNT.
As with the previous versions, it continues to use a combination of Indicators to verify price direction prior to opening a trade. It monitors 10 charts. Orders may be placed on 1 pair or all of them if the conditions are present. Each order has a safety stop loss, but relies on a global target to be reached, at which time, orders are closed and then resets for next day. If global target is not reached by the end of the trading day, all orders are closed and attempted again the next day. Daily Target varies between .25%-2% per day.
Updates to this version include
Addition of Bollinger Band indicator to help filter entries during times when price action is moving from a range into a trend.
Addition of Global Trailing Stop that triggers half way to global target.
Addition of Global Break-Even value prior to New York session opening and monitoring for during New York Session to lock in break even if Global Target has not been reached during ASIA and LONDON sessions.
Live Account shown in Trade Explorer "ForexScotty Dashboard" on "PlexyTrade" Micro Account.
I'm going to leave the Blackbull Markets up as a baseline on previous version to compare results.
I also have a couple more demo accounts that I have another new feature that I am testing that shows promise. Instead of a single order on each pair with when the conditions are right, it will open 3 orders on the pair. All 3 orders have a Dynamic Stop Loss and each order has its own TP in a multi-tiered algorithm.
So far, the results are promising. But with 3 orders instead of one, I am testing to get an idea of Drawdown and capital needed to operate safely.
As with the previous versions, it continues to use a combination of Indicators to verify price direction prior to opening a trade. It monitors 10 charts. Orders may be placed on 1 pair or all of them if the conditions are present. Each order has a safety stop loss, but relies on a global target to be reached, at which time, orders are closed and then resets for next day. If global target is not reached by the end of the trading day, all orders are closed and attempted again the next day. Daily Target varies between .25%-2% per day.
Updates to this version include
Addition of Bollinger Band indicator to help filter entries during times when price action is moving from a range into a trend.
Addition of Global Trailing Stop that triggers half way to global target.
Addition of Global Break-Even value prior to New York session opening and monitoring for during New York Session to lock in break even if Global Target has not been reached during ASIA and LONDON sessions.
Live Account shown in Trade Explorer "ForexScotty Dashboard" on "PlexyTrade" Micro Account.
I'm going to leave the Blackbull Markets up as a baseline on previous version to compare results.
I also have a couple more demo accounts that I have another new feature that I am testing that shows promise. Instead of a single order on each pair with when the conditions are right, it will open 3 orders on the pair. All 3 orders have a Dynamic Stop Loss and each order has its own TP in a multi-tiered algorithm.
So far, the results are promising. But with 3 orders instead of one, I am testing to get an idea of Drawdown and capital needed to operate safely.