Interesting system, will definitely watch out for more posts
- #5,446
- Feb 10, 2017 3:31pm Feb 10, 2017 3:31pm
- Joined Apr 2013 | Status: Trader | 1,576 Posts
Did not close the down trade at over $1000.00 dollars (lot size 1.00) so suffered two losses around $730.00 each...my bad
- #5,450
- Edited 4:46am Feb 12, 2017 4:34am | Edited 4:46am
Had you checked different pairs?
And when we have to keep in mind that the weekly range is different every pair.
And its normal that this kind of strategy has loosing weeks. But at the end we should make more money than we loose
Yea i have some ideas for Money Management
I dont know of Filter are really needed. When you check some time back often we have 1 or 2 looser but a big winner.
Lets improve this strategy
Can you upload the es?
And when we have to keep in mind that the weekly range is different every pair.
And its normal that this kind of strategy has loosing weeks. But at the end we should make more money than we loose
Yea i have some ideas for Money Management
I dont know of Filter are really needed. When you check some time back often we have 1 or 2 looser but a big winner.
Lets improve this strategy
Can you upload the es?
Everyday better.
- #5,451
- Feb 12, 2017 5:01am Feb 12, 2017 5:01am
Had you checked different pairs? And when we have to keep in mind that the weekly range is different every pair. Yea i have some ideas for Money Management I dont know of Filter are really needed. When you check some time back often we have 1 or 2 looser but a big winner. Lets improve this strategy
- Risk per trade: % of balance for each trade (buy and sell);
- Orders price offset in pips: buffer from Hi and Low of the 4H candle;
- TP: take profit intended as how many times the 4H candle (example: if the 4H candle's body is 50pips and TP is set to 2, the TP will be 100pips).
The EA automatically add the spread to the buffer.
There isn't any setting about time zone or GMT because MT5 demo server is at the right time zone as described on first post and the EA is just for backtesting purpose.
This is a very first version of the EA so possibly there could be bugs.
If someone have some ideas on how to improve the EA let me know, for example...I think that if only one trade is started and has reached half TP it could move the SL to breakeven and delete the other pending order.
