Hi guys, been doing some trading with this system & here are some thoughts :-
1. Trade filter = can we get the EA to recognise support/resistance lines ? eg we draw our lines & if they fall within the profit zone either a trade isn't taken or the profit target is adjusted to reflect the S/R provided it isn't less than a nominated % of target.
2. Win trades = Personally I would like a pair to stop trading after a win - don't want to be in the market more than i have to ! I can do this manually but be nice to have the option on the EA.
3. Pattern recognition = it does seem pairs go thru periods of poor/good performance - I noticed this particularly on pairs like EUR/GBP & EUR/CHF. Can the EA track winning session performance & choose pairs accordingly ? eg check last 20/10/5 sessions & if win rate not > 60% etc = no trade.
4. Trade entry = I have been experimenting with renko charts for this strategy & wait for a close of a bar past entry line (seems to work ok - can't really do this with 5 or 15 min charts as the move is often done within that bar) - can the EA have this as an option ? Also, noticed when I had set max trades to 2 that pending orders were being immediately cancelled (trading finished for the day) - is the EA taking pending orders as trades ?
I like the system & would like to continue researching/optimising - squalou - would be grateful if you could look at the above.
pipsta1
1. Trade filter = can we get the EA to recognise support/resistance lines ? eg we draw our lines & if they fall within the profit zone either a trade isn't taken or the profit target is adjusted to reflect the S/R provided it isn't less than a nominated % of target.
2. Win trades = Personally I would like a pair to stop trading after a win - don't want to be in the market more than i have to ! I can do this manually but be nice to have the option on the EA.
3. Pattern recognition = it does seem pairs go thru periods of poor/good performance - I noticed this particularly on pairs like EUR/GBP & EUR/CHF. Can the EA track winning session performance & choose pairs accordingly ? eg check last 20/10/5 sessions & if win rate not > 60% etc = no trade.
4. Trade entry = I have been experimenting with renko charts for this strategy & wait for a close of a bar past entry line (seems to work ok - can't really do this with 5 or 15 min charts as the move is often done within that bar) - can the EA have this as an option ? Also, noticed when I had set max trades to 2 that pending orders were being immediately cancelled (trading finished for the day) - is the EA taking pending orders as trades ?
I like the system & would like to continue researching/optimising - squalou - would be grateful if you could look at the above.
pipsta1