Could someone please direct me where to go so I can read exactly how this works? I do not want to trade with an EA but I would be interested in seeing how the system works. Thank you guys.
JOHN 3:16
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Quoting renasdadDislikedCould someone please direct me where to go so I can read exactly how this works? I do not want to trade with an EA but I would be interested in seeing how the system works. Thank you guys.Ignored
Quoting traderoneDislikedI wonder if anybody has really analyzed how much of the stop loss is usually used even for a winning trade. It could be that we could use a smaller SL on certain pairs, or for instance, once past 220 (just an example number) we can give up and cut our losses.
Think I will spend some time analyzing this.Ignored
Quoting monoDislikedHI Guys
End of week 7 and I record 8 losses (all gbpusd).
Generally this EA works really well, but at some point in time, it requires to be reset. By this I mean close all trades and start again. More analysis needed there.
The other thing that I'll will show, is how I configure each pair.
What I've done is, I've taken the average daily range for the last 2 years. For the gbpusd its about 150.
So my SL is 150 * 2 = 300, TP and pipstep is 10% of 300 which is 30.
I have been testing this over the past few week on ten pairs, and the results are very good.Ignored
Quoting 4x4txDislikedOr, something else to consider.. Is there a correlation between the gbp/usd losers and the news events that made it spike? Last week we had BOE rate decision and NFP on Thursday and Friday. If the gbp/usd tends to go haywire at these times, it may be an idea to shut off the gbp/usd during these periods of time. There have been quite a few winners on the pound during less volatile periods. I'd hate to throw those out. Just an idea..Ignored
Quoting monoDislikedFor this test everything stay as is, I've got another test running, with the modified settings.Ignored
Quoting sm31DislikedI've been testing firebird for a few weeks at almost the same settings Mono specifies. Like anyone else who has been testing through this "volatile" time for the GBP/USD, I have several short trades floating at a substantial loss right now (around -200 pips).
This morning, Firebird successfully executed a *long* trade on the GBP/USD. Is the feed from Strategybuilderfx designed to allow hedging on the same pair, or is this some sort of anomaly? Also, if my platform does not allow hedging on the same pair, but firebird attempts to do so anyway, won't that "kill" my open trade? Is there a setting in firebird to prevent this sort of thing? Thanks!!!Ignored