Good idea !
Always using a stop loss is wise - as it will eventually will turn back down or up.
Also one should be able for the EA to set levels like above 52 buy and sell below 48. Coupled with proper money management, i.e. sl 15 pips and 20 pips tp, one should be quickly in profit territory during a trend.
Maybe this "buffer zone" between 55 to 45, or similar can keep one out of sideways markets.
Should work with volatile pairs, like Gbp/Yen, Gbp/Usd and Eu/Yen.
Attached pic: hard to say but around 5 positive trades and 4 smaller negative trades right at the end of friday. You can look at the other times as well, maybe this sounds like an idea to follow up on.
Another plus for the EA would be that one can manually close trades as well, e.g. during a sideways market with several open trades with the EA opening another position only on next candle.
Always using a stop loss is wise - as it will eventually will turn back down or up.
Also one should be able for the EA to set levels like above 52 buy and sell below 48. Coupled with proper money management, i.e. sl 15 pips and 20 pips tp, one should be quickly in profit territory during a trend.
Maybe this "buffer zone" between 55 to 45, or similar can keep one out of sideways markets.
Should work with volatile pairs, like Gbp/Yen, Gbp/Usd and Eu/Yen.
Attached pic: hard to say but around 5 positive trades and 4 smaller negative trades right at the end of friday. You can look at the other times as well, maybe this sounds like an idea to follow up on.
Another plus for the EA would be that one can manually close trades as well, e.g. during a sideways market with several open trades with the EA opening another position only on next candle.