DislikedHi Charlies
when you back test this do you use only MT4, i ask because i have added the EA to both EU and AU but changed the trailing stop to 100, it produced a significant increase in profits.
the problem i have is seeing what the max draw down would be and how to test over a longer period.
anyway will probably test this on both pairs for a while, to use this EA on more than one chart i only have to change the Magic number?
regards
MPPIgnored
MPP, I did a little back-testing & the results were not that impressive. I didnt try 100 pip stops, but will test it later. (Now tested with initial stop 50 or 60 & trailing stop increased to 100 or higher does give a better return & lower drawdown. However, that is at a time when the market is trending strongly)
I came to the conclusion that Jacko doesn't trade this mechanically, he chooses the optimum time to get in and out. That is why I allowed the options to get in on a limit or get in on a stop order.
In my opinion, this EA manages the trade for you, but it works best if you choose when to get in to the market.