So confident in it--i opened up my own sell orders with it--let see--
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DislikedHumans have vastly superior analysis skills – very important for entry setups.
A robot will always be more disciplined than a human – perfect for exits. Set and forget; walk away and enjoy your leisure. Eliminate MM and psychology from the equation.
Use each resource to its best possible advantage.Ignored
DislikedHumans have vastly superior analysis skills – very important for entry setups.
A robot will always be more disciplined than a human – perfect for exits. Set and forget; walk away and enjoy your leisure. Eliminate MM and psychology from the equation.
Use each resource to its best possible advantage.Ignored
DislikedYou can freely find EA's to manage your trade, but you still need to tell it what to do. Telling it what to do is dependent on the style of trading that you are using.
There was one EA I came across which you could set to scaleout at pre-defined profit targets, to move your stop at various increments and also trail. I'm sure if you do a quick search on the forum you will discover it.
My experience of trailing stops is that they are a poor way to manage trades, they may have merit if you want to trade the news, or fast moving markets, but other...Ignored
DislikedHave you looked at this ea http://www.forexfactory.com/showthread.php?t=168347
If not I suggest you do.
Regards,
JeffIgnored
DislikedDo you know anyone publish any trades in mt4stats for the ea you mention. Just interested to know.Ignored
DislikedYou can freely find EA's to manage your trade, but you still need to tell it what to do. Telling it what to do is dependent on the style of trading that you are using.
There was one EA I came across which you could set to scaleout at pre-defined profit targets, to move your stop at various increments and also trail. I'm sure if you do a quick search on the forum you will discover it.
My experience of trailing stops is that they are a poor way to manage trades, they may have merit if you want to trade the news, or fast moving markets, but other...Ignored
Disliked@D8d3: Sorry, I'm not able to take on any new work at the moment. There are a number of programmers who post at FF that could help. There are a couple of threads like "I will code your requests for free". You might like to try sending one of them a Private Message.
@Melpheos: I'm slowly automating my trading method, expecially the exits. It's very much a work in progress. Here are two trade management EAs that I'm aware of, but I haven't tried either of them.
http://www.forexfactory.com/showthread.php?t=89371
http://www.forexfactory.com/showthread.php?t=9553
@Happyaslarry: I can relate to much of what you say. If TA can offer an edge with entries, then technical exits should potentially do likewise, since the market (except possibly for broker manipulation) cares little for whether I'm entering or exiting. I haven't been able to calculate/establish a mathematical edge with fixed (TP/SL) type, i.e. non-technical, exits. IMO win rate and RR operate in approximately inverse proportion to each other. I'm not aware of an EA that specifically uses technical (e.g. S/R, pivots, 00 type) exits.
I don't find discipline too much of a problem (especially as I'm trading mainly in demo, LOL). If one TP/trailing stop works approximately as well as any other, then I'm happy to simply place the trade and walk away, come what may. Using relative currency strength and multi-time-frame analysis as part of my entry strategy makes automating it a significant task. And it is a work in progress, I am still very much learning.Ignored