- #82
- Edited 2:55pm Jan 16, 2026 2:42pm | Edited 2:55pm
- Joined Dec 2017 | Status: Trader | 3,743 Posts
I don't need to be good at the game, only good enough to beat my opponent,
- #83
- Jan 16, 2026 2:47pm Jan 16, 2026 2:47pm
- Joined Dec 2017 | Status: Trader | 3,743 Posts
I don't need to be good at the game, only good enough to beat my opponent,
- #84
- Jan 16, 2026 3:34pm Jan 16, 2026 3:34pm
- Joined Dec 2017 | Status: Trader | 3,743 Posts
I don't need to be good at the game, only good enough to beat my opponent,
- #86
- Jan 16, 2026 7:43pm Jan 16, 2026 7:43pm
- Joined Apr 2013 | Status: Trader | 1,571 Posts
Probably the last update in this form.
here are Todays results
34 trades
27 winners
3 losers
4 SL
total pips gained 1302
So to recap the whole week
205 trades
169 winners
16 losers
26 SL
total pips gained 6482
Chris
here are Todays results
34 trades
27 winners
3 losers
4 SL
total pips gained 1302
So to recap the whole week
205 trades
169 winners
16 losers
26 SL
total pips gained 6482
Chris
- #87
- Jan 16, 2026 7:55pm Jan 16, 2026 7:55pm
- Joined Apr 2013 | Status: Trader | 1,571 Posts
Hello all, upload of scenarios today, D {image}
I have highlighted your chart with the trades from today...aqua boxes are winners and red boxes are SL
- #89
- Edited 9:09pm Jan 16, 2026 8:50pm | Edited 9:09pm
- Joined Apr 2013 | Status: Trader | 1,571 Posts
In an effort to always improve upon things I am wondering about the current state of the SL placement.
At present it is set at 150 pips, which is large but it keeps us in some trades that eventually close in profit. I wonder how this would play out in a live account (any input from members would be appreciated).
I would like to do some analysis on the charts later this weekend and see if there is an option.
First thoughts, after glancing at the charts, is to set the SL at the very last high/low behind the trigger candle, not the last structural high/low but the closest candle which is higher/lower than the candle with the dot. I will show what I mean in a pic below.
If the EA is opening a trade with lot size according to the SL (150 pips) it would probably be 0.01 every trade, but by having a dynamic SL, for each trade, we would have much higher lot sizes.
From my quick glance at the chart I noticed that the dots are usually very close to the highs/lows I am talking about and I also noticed that, for the most part, they do not get breached. Now obviously some do and we lose what would have been a winning trade... but maybe that cancels out the occasional huge SL.
In the attached image we see two trades, one closed at a SL and one won...in the new scenario the SLs would be where the red lines are, at the last high as discussed above.
The pips difference in the two scenarios are as follows...as it was originally we had a SL hit at (-150) and a winner of 122 difference of (-28)
In the second scenario we had the new SLs which resulted in two losses equaling (-110)
It will need further scrutiny to establish if this is worth doing...my gut says it is........stay tuned!
Chris
Here is a continuation from the last pic to show how it would look and how the high/low next to the dots are rarely breached. It may end up that a SL just above the dots is all we need.
At present it is set at 150 pips, which is large but it keeps us in some trades that eventually close in profit. I wonder how this would play out in a live account (any input from members would be appreciated).
I would like to do some analysis on the charts later this weekend and see if there is an option.
First thoughts, after glancing at the charts, is to set the SL at the very last high/low behind the trigger candle, not the last structural high/low but the closest candle which is higher/lower than the candle with the dot. I will show what I mean in a pic below.
If the EA is opening a trade with lot size according to the SL (150 pips) it would probably be 0.01 every trade, but by having a dynamic SL, for each trade, we would have much higher lot sizes.
From my quick glance at the chart I noticed that the dots are usually very close to the highs/lows I am talking about and I also noticed that, for the most part, they do not get breached. Now obviously some do and we lose what would have been a winning trade... but maybe that cancels out the occasional huge SL.
In the attached image we see two trades, one closed at a SL and one won...in the new scenario the SLs would be where the red lines are, at the last high as discussed above.
The pips difference in the two scenarios are as follows...as it was originally we had a SL hit at (-150) and a winner of 122 difference of (-28)
In the second scenario we had the new SLs which resulted in two losses equaling (-110)
It will need further scrutiny to establish if this is worth doing...my gut says it is........stay tuned!
Chris
Here is a continuation from the last pic to show how it would look and how the high/low next to the dots are rarely breached. It may end up that a SL just above the dots is all we need.
- #91
- Jan 17, 2026 3:34am Jan 17, 2026 3:34am
- Joined Jun 2017 | Status: Trader | 2,072 Posts
MetaTrader 4 - so many advantages.
- #92
- Jan 17, 2026 5:17am Jan 17, 2026 5:17am
- Joined Dec 2017 | Status: Trader | 3,743 Posts
I don't need to be good at the game, only good enough to beat my opponent,
- #93
- Jan 17, 2026 5:36am Jan 17, 2026 5:36am
- Joined Dec 2017 | Status: Trader | 3,743 Posts
I don't need to be good at the game, only good enough to beat my opponent,
- #96
- Jan 17, 2026 7:46am Jan 17, 2026 7:46am
- Joined Dec 2017 | Status: Trader | 3,743 Posts
I don't need to be good at the game, only good enough to beat my opponent,
- #97
- Jan 17, 2026 8:28am Jan 17, 2026 8:28am
- Joined Jun 2017 | Status: Trader | 2,072 Posts
MetaTrader 4 - so many advantages.
- #98
- Jan 17, 2026 8:39am Jan 17, 2026 8:39am
- Joined Jun 2017 | Status: Trader | 2,072 Posts
MetaTrader 4 - so many advantages.