just downloaded this EA this morning, and it took one trade so far this morning (+44pips). Live on ibfx...
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Hello everyone,
I'm Alex and I'm also an EA programmer. I just found this very interesting system and after backtesting it a bit, I must say I'm very impressed with its accurate entries and good trade management.
The only drawback seems to be the 100 pip hard-coded stop loss which it hits on occasion and wipes out quite a bit of hard-earned profit. Here are some suggestions that may minimize this drawback:
- Set the stop loss number in the external input so that we can customize it and possibly use a lower stop loss without disrupting its profitability.
- Use some indicator to detect when the market is in a trending mode and stay out of trades during this time.
- Detect the current trend (up or down) from the higher timeframes and only trade longs or shorts based on the prevailing trend.
If there is anything that I can help out in terms of modifying the EA code, I'm most happy to contribute. Overall, I think this is a really great EA. Probably it just needs a bit of tweaking to get the best out of it.
I'm Alex and I'm also an EA programmer. I just found this very interesting system and after backtesting it a bit, I must say I'm very impressed with its accurate entries and good trade management.
The only drawback seems to be the 100 pip hard-coded stop loss which it hits on occasion and wipes out quite a bit of hard-earned profit. Here are some suggestions that may minimize this drawback:
- Set the stop loss number in the external input so that we can customize it and possibly use a lower stop loss without disrupting its profitability.
- Use some indicator to detect when the market is in a trending mode and stay out of trades during this time.
- Detect the current trend (up or down) from the higher timeframes and only trade longs or shorts based on the prevailing trend.
If there is anything that I can help out in terms of modifying the EA code, I'm most happy to contribute. Overall, I think this is a really great EA. Probably it just needs a bit of tweaking to get the best out of it.
ms119....I'm using this latest version 106 on IBFX demo with default settings....10 trades = +76 pips....last trade 5 hrs. ago.
As per backtests, 100 pip hardstop may kill account at some point. We need to work on best possible entries I think. Maybe use xpma indicator instead of slope direction line? Not an expert, but xpma on multitimeframes like 1m xpma confirmed by 5m xpma? Maybe even further filtered by 15m xpma?
(Still in a trade at approx. 70 pip drawdown)
We are certainly evolving.
Also notice how bottom 3 indicators on the last template posted all mostly agree. T3 RSI alert looks interesting too as an entry trigger, then take a predetermined profit target based on timeframe range, and wait for next signal and repeat. So many possibilities.
Thanks Kino for your indicators.
Thanks Kino for your indicators.
hello,
yes thats right the ea's taking trades all around the clock and it's doing good. It think we do have to wait for siobi, he stated earlier that he would explain the parameters soon.
EA made another +52 pips yesterday with two trades. One trade was temporarily down to -78 pips but didnt hit the -100p hard stop.Then the market changed direction and the trade got green again
Here's the screenshot :
yes thats right the ea's taking trades all around the clock and it's doing good. It think we do have to wait for siobi, he stated earlier that he would explain the parameters soon.
EA made another +52 pips yesterday with two trades. One trade was temporarily down to -78 pips but didnt hit the -100p hard stop.Then the market changed direction and the trade got green again
Here's the screenshot :
hi tex version 6, should i place the indicators on the chart ?? the ea is not trading , where can i find the tpl for this version thanks for your help
hello,
yes thats right the ea's taking trades all around the clock and it's doing good. It think we do have to wait for siobi, he stated earlier that he would explain the parameters soon.
EA made another +52 pips yesterday with two trades. One trade was temporarily down to -78 pips but didnt hit the -100p hard stop.Then the market changed direction and the trade got green again
Here's the screenshot :