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Was trying to think of some ideas that might make this EA a more profitable strategy.
What if there was some kind of self-adjusting Next_Trade value that changes according to the situation you are in? Not quite sure about this yet. Something that has to do with how many longs you currently have compared to how many shorts. Just a thought.
Another thing I see here is this: Most of the testing going on has been based on having a relatively small TP. So, for instance, if we have a large spike in our favor, the EA is not maximizing on the situation. Instead of continuing to pile-on when we are in profit, we are settling for a relatively small TP. I think that once a certain positive profit level has been achieved, we need to implement some kind of an internal trailing stop. Maybe something like, once a certain profit level is reached, the EA will not let it lose a certain percentage of that profit. Every time a new "high" is reached(every tick higher in our favor), only a certain percentage of that profit will be allowed to be lost before our close all.
We're letting this EA dig itself deep in a hole with our large SL settings, but not allowing it to climb a mountain when things are going in our favor.
What are some of your thoughts?
-Wolfe
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