Thanks for the mirror, I have added it to the post. You may do or update the EA (or the signal)? The proper system indicators and rules are posted in the blog, once the signal is fully complete I may add it to the original post, maybe also the EA which I believe has huge potential despite the fact I don't like EA's.
HOWEVER: Most of the times the original work gets lost through interpretation of hundreds and their asumptions. I don't want this to happen here. (a great chance persists that it will, but you have the original post in the blog)
- #247
- Aug 16, 2007 2:45pm Aug 16, 2007 2:45pm
- Joined Apr 2006 | Status: Trader | 4,301 Posts
Just wondering why everyone else has a smile on their EA while mine is looking glum
It's working ok as far as I can tell.
If I'm missing something obvious it's because I'm not familiar with the MetaTrader platform having only installed it after finding this thread.
Ed
It doesn't matter with this one- it does not trade, it just alerts.
- #259
- Edited 2:50am Aug 17, 2007 2:37am | Edited 2:50am
It just gets better ...
Been waiting all week for it to take a USD/GBP trade - finally just after midnight ilast night t took a short - currently +115 pips up ! So far this week: realised +650 pips unrealised +2220 nearly +3000 for the week as I write - this just cannot be typical - wish I was live with it!!!!!
dear sir,
I'm using your EA too. and I must admit it was lovely!!. I just wondering, what is your exit strategi? I usually use the trailling stop 25 pips, mostly they are in profit but not as much as yours..
It is very easy to enter the trade just wait for the beep. but the exit part is the most frustating part because I have watch it all the time.
- #260
- Aug 17, 2007 2:50am Aug 17, 2007 2:50am
dear sir,
I'm using your EA too. and I must admit it was lovely!!. I just wondering, what is your exit strategi? I usually use the trailling stop 25 pips, mostly they are in profit but not as mush as yours..
Exits are without doubt the most difficult thing ... right now I am just looking at when the slope changes direction (blue/red line) ... so if short I wait until the slope line changes from red to blue and then exit. In some circumstances a trade can be opened which contradicts the trend line e.g. the trend line is blue and the system goes short - in this situation I have a hard stop loss of 30 pips+spread and if this does not get hit and the slope line comes into agreement i.e turns red I wait for it to turn blue again to exit. Overall this does tend to give a bit of the profit back especially when the max profit at any one point is 40 or 50 pips but it does keep you in the longer term trends. It works pretty well on 30 min bars - on shorter timeframes I don't believe it would work quite so well but that is only my feeling - others here are seeing how it works out with shorter timeframes.
Best
Paul