Following are last week's results (IBFX). Used set files provided, except used Wilkes set files for GBPUSD 30 & 5 Min. However, there were no trades taken for GBPUSD for the week.
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DislikedHi. I had a detailed look at the trading patterns in your results with v1.01 because maybe there are ways we can improve things in the EA. Most trades (out of a total of 100 closed trades) seem to be open for a short amount of time, i.e over half the closed trades closed in 2 hours with the majority in 1 hour. Personally, I would be quite nervous in live trading if my trade that was generated by a pattern on a 5 minutes chart was still active after anything more than that, but say we draw the line at 24 hours. The 11 (now closed) trades that were...Ignored
DislikedHi Fredella,
I like your ideas on improving the v1.01 as it does make lots of trades and does need a tweak to make it great.
Unfortunately, we have no access to source code so we would need to ask the mighty xux99 to add these enhancements to v1.01 so that we can test out these observations. I did try this set on v1.02 but does not work the same which is why I came up with the v1.02 set and has yet to make a trade.
If xux99 would be so kind to add these enhancements to v1.01 so that these theories can be tested? Perhaps a v1.01b could be...Ignored
DislikedHappy to add the suggested enhancements to v1.03.
v1.01/1.02 operate the same when settings are implemented properly. Give me the v1.01 settings and I'll make v1.02 compatible set file.Ignored
DislikedEnhancements for v1.03
1. Open (no profit) trades after a set amount of time (setting expressed in minutes (24 hours = 1440 minutes) are closed.
2. Allow the EA to only trade one trade maximum every 10 minutes. (Similar function trade frequency is covered by MaxOrders and TradesPerSession) therefore this will not be implemented.
Thanks,
getdown71Ignored