I asked Mikhail to have a look at the latest developments.
Hi Glenn,
The truth is many months back (I think that was still 2006) I stopped developing this particular EA because I couldn't find a way to make it profitable, but since then Ive gained much knowledge about the Market and Strategy design... This EA and strategy has several major flaws one of which is that it only trades setups. The trade set up is good but the strategy lacks a very necessary part of Strategy design which is a viable entry condition that confirms the set up(I think entry conditions such as HL breakout or Pivots could work as good entry points for this EA). Exit Strategy also needs to be revised, your suggestion about adding the SAR indicator could be a good exit strategy for this EA. SAR could act as a trailing stop once a trade has been opened so that we could fallow the trend until it is exhausted. But many backtest have to be done in order to know if these ideas are viable before we canconvert this EA into a profitable and tradeable strategy. This is a very time consuming task I'm afraid I cannot afford to tackle at the moment. (because of the coming ATC2007)
Also the code may be a little spotty because this is one of the very first EA's I've made and posted online... I think this is actually the very first EA I posted in FF... So if all you wan't me to do is to clean up the code and eliminate all the bugs then I can easily do that for you.
Regards,
Mikhail
PS. You can post this email in the thread if you like.
Hi Glenn,
The truth is many months back (I think that was still 2006) I stopped developing this particular EA because I couldn't find a way to make it profitable, but since then Ive gained much knowledge about the Market and Strategy design... This EA and strategy has several major flaws one of which is that it only trades setups. The trade set up is good but the strategy lacks a very necessary part of Strategy design which is a viable entry condition that confirms the set up(I think entry conditions such as HL breakout or Pivots could work as good entry points for this EA). Exit Strategy also needs to be revised, your suggestion about adding the SAR indicator could be a good exit strategy for this EA. SAR could act as a trailing stop once a trade has been opened so that we could fallow the trend until it is exhausted. But many backtest have to be done in order to know if these ideas are viable before we canconvert this EA into a profitable and tradeable strategy. This is a very time consuming task I'm afraid I cannot afford to tackle at the moment. (because of the coming ATC2007)
Also the code may be a little spotty because this is one of the very first EA's I've made and posted online... I think this is actually the very first EA I posted in FF... So if all you wan't me to do is to clean up the code and eliminate all the bugs then I can easily do that for you.
Regards,
Mikhail
PS. You can post this email in the thread if you like.
