After some days of forward testing the results don't look good (at least on GBPJPY), too many reversals and too many SLs hit...
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DislikedAfter some days of forward testing the results don't look good (at least on GBPJPY), too many reversals and too many SLs hit...Ignored
Disliked{quote} Hi i am playing since few days with your first EA and only on the GJ pair.. I still think there is some potential here... but of course...not completely automatic... i would not do the EA more complicated adding extra things,,, the third MA is already redondant... what i would suggest ( if i may ) is an option to close all positions at a certain Profit/loss... that would be really handy...expecially when you use the EA on short timeframes and you suddendly have plenty of open positions.. I would not give up so early on this pair... it is...Ignored
Disliked{quote} It's a good idea B-naire. However, I'm not the guy, who likes trading with indicators, because I do not think that in forex market indicators do provide "proper" information. If uafx will help (of course) we can try to use RSI as well, but to be honest, I like closing after certain %gain more.Ignored
Disliked{quote} Friend, it is not the question of like or dislike. If it helps then great. MAs are indicators too. When I first started testing yr EA, I mean the EA that was built based on yr idea I understood that there is a potential there. However it's frustrating to see the orders building up when the market is already overbought or oversold. So instead of using third MA it would be sound I guess to try to filter out those deals in overbought/oversold areas with simple RSI. Not that I am a fan of any indicators either. Just figuring that it may help....Ignored
Disliked{quote} even though I don't like indicators, that does not mean that I won't use it if it will work. it's fine be me, let's try it. so what do we need? 1: RSI 2: ADX 3: close all trades for week when we gain xx% 4: remove 3rd MA 5: let's try it on other pairs may be? other thoughts?Ignored