Great trades, dirty brown, please would you put on your current settings?
Overlay in MetaTrader 23 replies
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DislikedTake this with the grain of salt that the EA may not use the same exact criteria for entry, which is fine, as long as it stays profitabl, in other words, if I were manually trading your screen shot, dirty brown, I would have entered trades when gapped 15 pips apart, using EU price scale, and closed when they touch...so I would still be in the trade going on the chart, can't see the TF, but the question about staying in a trade for long time is answered by only using 1min TF, then you won't be in trade for long time, remember this is correlation,...Ignored
DislikedI think I'm about to lose. Until now, EA has booked 270 pips, and floating is negative: -416 pips. Since it's Friday, I will close all open trades by the end of the day (as someone recommended, no open trades during weekend) and will probably result in a loss. Any comments on this?Ignored
Dislikedas of right now, I show 15-20 pip gap on EUGU pairs, so I have a trade open right now...gap should close before market closes, but if it doesn't I personally will keep trade open, because correlation will eventually always come back- that is the key to this strategy...if your EA isn't opening only two pairs, opposite trades at a time, something sounds wrong!Ignored
Dislikedif trades close in profits a few hours before market close, I would turn EA off for the week, then start it Sunday again...If trades keep open, and especially if gap is widening more, keep it open...gap is widening now...Ignored
Dislikedif youre trading demo, keep trades open, for sure...this is correlation, you are betting the gap will close again. If it's live account, then do what you want, just know that I trade correlation with no SL at all! that means no losses!
Now, you and dirtybrown seem to be saying that there is DD at the same time the trades show profit? or are you saying after a trade closes, when the next trade opens it goes into DD for a while and THEN comes back to profit and close? I'm not clear what you guys are saying.Ignored
DislikedNot to diverge from this thread, which is probably just for this EA, but a programmer on the baby pips thread just posted a semi-manual EA, which you decide when to enter the trade, and then it has your pre-programmed criteria for closing the trade at your TP level as a percentage of profit of your account size...it opens both trades, opposite, with one action...I haven't personally tried it yet.Ignored
DislikedOk, market will soon be closed, it is hard to expect some outrageous movement. How will EA react, remains to be seen. For now, I think it will end up in a loss. It booked 207 pips, and floating negative is -424 pips. I'm experiencing some difficulties with my internet connection, so EA couldn't work properly ( I hope that was the reason for negative pips ). I think I will have it up and running by the next week and give this EA one more chance.Ignored