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Originally Posted by retro
Hi Wackena,
Had a sell signal on the Swiss yesterday on IBFX.
I closed the trade manually fifty pips against .Just as well as it went much further.
I noticed on ebay that you had an open trade on the swiss.
Is this a problem pair and how long do you hold the losers on average?
I noticed your stops are quite generous.
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The initial order stoploss is set at 250 pips and is a safety net against runaway market. The daily high/low on the major 4 pairs can range 100's of pips. This ea needs room some days to allow the price to range in wrong direction before it reverses to the 6 pips in profit to trigger Trailingstop (s/l) routine that resets sl and guarantees profit. So far, in all testing, 250 pips has been best initial order stoploss. This week, several pairs have had large drawdown. So far, all reversed for profit.
Max time open in past testing has been 8 days. Have had several orders open for 2-3 days.
Wackena