Quote:
Originally Posted by static
I haven't read the whole thread on this, but if you are opening and closing trades based entirely on indicators (and therefore searching for the trend, I assume) you might want to add a time filter to prevent opening new orders during the Asian session, you might filter out some of the whip.
Just a thought.
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I considered filtering out certain sessions but my belief is that there are profits to be made in every session with the right strategy.
Right now my goal is to give this indicator the intelligence to do the best it can with the built in MT4 indicators. After that I'll run more tests. If certain sessions really negatively affect this EA then I'll consider having this EA shift strategies during different sessions.
Maybe during the news announcements and big whip times I could have it shift to a makegrid strategy. Obviously this is a bit out of my present scope, but these are some of my thoughts for now.
-neta1o