Hope everyone had a good NFP....Mind you still going but I am grabbing my pips and running this am. Parent-teacher interviews today!
Thought I would share a bit of success using the EA. It is rather complex and I am assuming the quietness has been due to everyone getting to know the EA. It is complex but definitely the best one I have used! Thanks again Xux!
Please note I never use an EA as stand alone. Always with some sort of manual intervention. My goal is to have something working so I can get some sleep. Currently I have to get up at 1:30 a.m. to catch the best trading (London session) and I believe this EA will do so!
Having said that I have had particular success using the EA with Nonlag MA 50 on the 1 hour charts.
Settings: Nonlag MA 50, DSS 18,18. TP 200, trail is same. I have not incorporated anything else into the settings as of yet. I do however intervene. An example would be today before NFP. EA had entered a trade overnight and was in a 23 pip profit. I took it out about 30 mins before NFP. It worked out as the EA would have been stopped out had I not. Risk being that if it ran the other direction I would have lost out on profit. However based on daily/4hr time frame it seemed logical.
Please also ensure your Nonlag "Colorback" setting is 0. I have attached a pic of the chart with just the 2 indis. As always it is important to stay in the good runs and avoid choppiness...which we usually find out after a couple of losses but that's ok! Staying in the good ones makes up for it.
I should also note I have for years, intraday or not, used an increased lot percentage trading style. Some of you call it martingale. However that is doubling up after a loss, which I do not do.
A brief explanation trading 10 lots with simple numbers:
If I am stopped out for 20 pips, and price projection for next trade is 100 pips, I will add 2 lots on the next trade. If PP is hit I have canceled out the loss and still gained my goal for the day/trade, or at the very least minimized the loss.
SL = $2000
PP on next trade w 12 lots = $12,000
-$2000 loss = $10,000 gain vs $8,000 had I not increased the lots.
This of course is a simplistic example but hopefully you get the point. I would also not reco this if you are batting less than 700.
One of the keys to this also is ensuring that if you have 3 losses in a row and plain just having a bad trading day, that you can walk away from the amount lost and shrug it off. For me this would mean that 3 losses would be no greater than 1% of acct. Of course do what you are comfortable with.
Hope to hear some feedback on other successes!
Happy trading!
Thought I would share a bit of success using the EA. It is rather complex and I am assuming the quietness has been due to everyone getting to know the EA. It is complex but definitely the best one I have used! Thanks again Xux!
Please note I never use an EA as stand alone. Always with some sort of manual intervention. My goal is to have something working so I can get some sleep. Currently I have to get up at 1:30 a.m. to catch the best trading (London session) and I believe this EA will do so!
Having said that I have had particular success using the EA with Nonlag MA 50 on the 1 hour charts.
Settings: Nonlag MA 50, DSS 18,18. TP 200, trail is same. I have not incorporated anything else into the settings as of yet. I do however intervene. An example would be today before NFP. EA had entered a trade overnight and was in a 23 pip profit. I took it out about 30 mins before NFP. It worked out as the EA would have been stopped out had I not. Risk being that if it ran the other direction I would have lost out on profit. However based on daily/4hr time frame it seemed logical.
Please also ensure your Nonlag "Colorback" setting is 0. I have attached a pic of the chart with just the 2 indis. As always it is important to stay in the good runs and avoid choppiness...which we usually find out after a couple of losses but that's ok! Staying in the good ones makes up for it.
I should also note I have for years, intraday or not, used an increased lot percentage trading style. Some of you call it martingale. However that is doubling up after a loss, which I do not do.
A brief explanation trading 10 lots with simple numbers:
If I am stopped out for 20 pips, and price projection for next trade is 100 pips, I will add 2 lots on the next trade. If PP is hit I have canceled out the loss and still gained my goal for the day/trade, or at the very least minimized the loss.
SL = $2000
PP on next trade w 12 lots = $12,000
-$2000 loss = $10,000 gain vs $8,000 had I not increased the lots.
This of course is a simplistic example but hopefully you get the point. I would also not reco this if you are batting less than 700.
One of the keys to this also is ensuring that if you have 3 losses in a row and plain just having a bad trading day, that you can walk away from the amount lost and shrug it off. For me this would mean that 3 losses would be no greater than 1% of acct. Of course do what you are comfortable with.
Hope to hear some feedback on other successes!
Happy trading!