Quote:
Originally Posted by MrPip
The EA I posted was for testing purposes to see what works best. I had hoped that members of this thread would post either back test or forward test of what is working for them. In taht way the EA could be improved and indicators that did not help could be removed.
The default settings work OK but there needs to be a better exit strategy, either with trailing stop or indicator(s). Exiting on the firstr arrow and line does not work because often there is a change of direction from ZigZag with no arrow.
I have seen trades up 200-300 pips close at a loss because of this.
I also found that QQE added as an additional filter caused less loss trades but sometimes later entries.
Is anyone willing to test the EA or am I wasting my time here?
Robert
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MrPip,
The way I typically trade this method I when I get an arrow email on my phone I go to my pc then drop one time frame and enter on the lower TF QQE crossover. It will usually get you in faster and still filter false signals. For example if I get an arrow on 4hr chart I will drop to 1hr and wait for crossover.
Exits, like you've seen, aren't so easy. I usually exit when I get to significant support or resistance usually. I realize you can't code discretionary methods like that. Exits are where the money is.