Six-pair "Looser" Strategy EA Discussion

Quoting frazerd

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After watching Looser_09 for a few days now, I am becoming less and less optomistic that the Looser concept can be successfully automated. What I think I am seeing is that it probably cannot be profitable on a consistant basis unless ProfitPct is kept very low. Even at the 0.5 I'm using now, it has a hard time getting into profit if there are fewer than 4 trades remaining, i.e. 3 or more pairs have stopped out twice and not reopened.

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Quoting ronaldosim

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agree too that this strategy based on the current way the EAs have been written hasn't been so profitable; what may be missing is the triggering of the trades with the value of the W_rvi indicator hovering at 0.15 or -0.15 as mentioned by eTrader was not coded in the EAs; if this considered, there are far less trades and hence may be profitable.

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Quoting Pluto2

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eTrader,

What time exactly do you activate the EA?
Is it always the same time, or do you have any other criteria
for the timing?

The way I understand; when you want to open the trades, you import the EA onto the 15m chart. After the EA opens the trades, you change the input "Stop after no trades" from false to true.
Am I correct?

Thanks

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Quoting eTrader

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Hello,

LooserKissMe_09a EA Result Date 13/09/2010 London Open-Lunch
I attached again the LooserKissMe_09a EA on the EURUSD Chart M15.
Default settings.

The EA is attached to the chart:
-right click on ea "Attach to a Chart" or
-drag and drop on chart

The W_RVIM main line was above the zero level and crossed down the W_RVIM Signal line.
The EA opened automatic the trades.

All orders were closed by myself with a script "Close all open orders".
The result was positive:
Profit: +132.87 EUR

[color=blue]What...

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