It has been opening some, in fact the problem with it right now seems to be that it opens too many after a loosing trade.
Remember that it uses more than just the k bands to signal a trade. You have the rsi filter, and the two different stochastic indicators. Then it also needs to retrace back to the limit level (default is 2 pips).
I can't remember if I left all the all the comments in the one I posted, but if you don't have a bunch of information on the left had side of your chart, you can uncomment them.
If you do have them, this is what they mean:
Last signal bar - is the number of bars back to the last bar to signal a trade (stochastics are overbought or oversold, the bar before closed outside the k band)
Second last signal - is the bars back to the signal bar before the last one
Last signal direction- is the direction of the last signal bar (0=long, 1=short)
second last signal direction- is the direction of the signal bar before the last one (if both are in the same direction, the rsi filter comes into play)
pips moved - this is the max pips moved in the direction of the trade since the last signal bar (if this is past the tp level, it will not enter the trade on a retrace)
rsi filter - 1 means it will enter a trade even if it is in the same direction as the last one, 0 means it will not.
trading time - if it is 1 , it means your are in the time frame to be traded in (ie london, us, depending on your settings)
last entry - this is the price it should enter on if it retraces back, if it does not retrace back to that point before it reaches it's take profit point, it will not enter a trade.
last trade - the seconds since the last actual trade was entered with the same magic number and currency pair that the ea is on
last sig - the seconds since the last signal bar
Any way, I hope that is helpful.
and yes, you need the indicators (I think the only one that is not already in metatrader is the k channel one) in your experts/indicators folder (and may need to restart your platform after copying them there) , but you don't need them on your chart.
Remember that it uses more than just the k bands to signal a trade. You have the rsi filter, and the two different stochastic indicators. Then it also needs to retrace back to the limit level (default is 2 pips).
I can't remember if I left all the all the comments in the one I posted, but if you don't have a bunch of information on the left had side of your chart, you can uncomment them.
If you do have them, this is what they mean:
Last signal bar - is the number of bars back to the last bar to signal a trade (stochastics are overbought or oversold, the bar before closed outside the k band)
Second last signal - is the bars back to the signal bar before the last one
Last signal direction- is the direction of the last signal bar (0=long, 1=short)
second last signal direction- is the direction of the signal bar before the last one (if both are in the same direction, the rsi filter comes into play)
pips moved - this is the max pips moved in the direction of the trade since the last signal bar (if this is past the tp level, it will not enter the trade on a retrace)
rsi filter - 1 means it will enter a trade even if it is in the same direction as the last one, 0 means it will not.
trading time - if it is 1 , it means your are in the time frame to be traded in (ie london, us, depending on your settings)
last entry - this is the price it should enter on if it retraces back, if it does not retrace back to that point before it reaches it's take profit point, it will not enter a trade.
last trade - the seconds since the last actual trade was entered with the same magic number and currency pair that the ea is on
last sig - the seconds since the last signal bar
Any way, I hope that is helpful.
and yes, you need the indicators (I think the only one that is not already in metatrader is the k channel one) in your experts/indicators folder (and may need to restart your platform after copying them there) , but you don't need them on your chart.
"No man is free who is not master of himself"