DislikedAfter a review through of the last two days performance results, a few things I will need to enhance.
1. SL to be tighter at 40pips instead of 50pips. Gets the open position quicker into safe territory with assurance of minimum 10 pips profit.
2. Entry level to be revised to avoid ranging markets.
3. No trading the first 2 hours during New York open, possibly London too. Major losses results from New York open, during news announcement.
4. Additional exit criteria - open positions have 1 hour to get SL going or else it will exit at the first opportunity...Ignored
I've got the EA on the 6 major pairs that MT4 defaults to when you click on new chart. The results for the past 2 days have been disappointing. I have gone thru the trade history and the lossess have been greater than the wins, both in numbers and in pips. I have actually moved the SL to 40 in hopes of it locking in some profits earlier (item 1). I think your propose changes should help in making this EA reach profitability. Thanks for your hard work and sharing.