Dislikedhello, i am new here.. i already setting my EA with initial lots 0.01, but my ea run with initial 0.03. can someone explain this ? my demo acct starting with 500$. second question, is it good if this EA running on currency with high ADR ? e.g GBPJPY / EURJPY, cause i think the spread is same with GU. http://i267.photobucket.com/albums/ii288/bivt/setting%201.png thanks regardIgnored
GBP/USD and EUR/USD tend to have "almost" the same characteristics. But when you apply it to GBP/JPY, or moreover EUR/JPY, it is totally different.
GBP/JPY also tend to have the same characteristics with EUR/JPY.
XAU/USD though it is gold versus USD, it has different characteristics with EUR/USD.
GBP/NZD tend to have different characteristics with GBP/USD, so it is not applicable and you have to find the best settings for it. But once you find it, it should applicable also to GBP/AUD.
But anyway, that's just my opinion. I was observing this thing around 3 years duration when I was still learning how to open and close trades.
I'm a lazy trader... please don't follow me for no reason...