Steve has created new EAs with much less provocation than this, Scooby!
I like the idea of using multiple pairs and basically then creating a basket of trades, some of which will fail and some that will succeed, but it will all even out in the end.
On a different point, I was wondering with the example you posted earlier whether it would also be worth dropping down to the M5 when a set up was detected (say all 4 TFs oversold, the price over the 200 SMA and below the center of the channel) and waiting to enter untill the price has crossed up over the 21 SMA The reason I say this is that although your system is detecting a good time for a set up, it seems that you want to wait to enter until the price is starting to move in the direction of the trade as it could trend a while in the wrong direction otherwise.
I may be barking up the wrong tree here, but would be interested in your thoughts.
I like the idea of using multiple pairs and basically then creating a basket of trades, some of which will fail and some that will succeed, but it will all even out in the end.
On a different point, I was wondering with the example you posted earlier whether it would also be worth dropping down to the M5 when a set up was detected (say all 4 TFs oversold, the price over the 200 SMA and below the center of the channel) and waiting to enter untill the price has crossed up over the 21 SMA The reason I say this is that although your system is detecting a good time for a set up, it seems that you want to wait to enter until the price is starting to move in the direction of the trade as it could trend a while in the wrong direction otherwise.
I may be barking up the wrong tree here, but would be interested in your thoughts.
