DislikedI am sorry it was cobra .I think I might have the settings to tight not too many trades?Ignored
On 1M, a very tight SL will help minimize losses, it will also take you out more often than you want(add all those minimal losses, it will become fairly substantial). So I would have fairly big enough SL to cover a whipsaw on 1M (usually I keep like 30, I know it is high), but the trick with this kind of higher SL is that even one loss can wipe out major of your winnings.
On 1M, we need to find out ways to maximize the profits, I'm thinking about setting higher TP, ignore all exits(so that EA will exit trade either on TP or Trailing SL) and using...
So far with new set file have a $24.00 daily profit.
The following charts are all on a 1 Hour timeframe.
USD/JPY:USD/CHF:USD/CAD:EUR/USD:GPB/USD:EUR/JPY:GPB/JPY:AUD/USD;NZD/USD:GPB/NZD:EUR/NZD:AUD/NZD. 12 currencies total.
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I opened a demo account on 19 May with an initial deposit of $10,000.
Current account balance is $13226-86 and there have now been 279 trades entered and closed for a total profit of $3226-86.
I Have had up to 15 trades opened at any one time and have had shown unrealised losses on open trades as high as $3400-00 at one time but regularly see unrealised losses...
However I do have few concerns, purely from MM perspective. 12 Pairs for 10,000 K account seems too much, especially with lot sizes of .2,.5,1.00. Couple of big losers on 3-4 pairs could bring down acct balance very badly. I suggest either cut down the number of pairs or standardize you lot size accordingly.But that is probably for next week.
Please continue the testing as it is and lets see where it goes at the end of the week. It could be an interesting observation
