Quote:
Originally Posted by azmel
I have updated the EA on post #12. It now has a FridayFilter option on. Set it to true and it will skip trading on Fridays. Set it to false and it will trade as normal.
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I added some small modofocations to the indicator such as increasing the lot size when the account balance goes up and also optimised for EUR/USD and the results are amazing.
Basically for EUR/USD the best combination seems to be 80 take profit and 1000 stop loss with a high of the last 65 periods (although the high periods didn't make that much of a difference). It took a $10,000 account to around $100,000 but the drawdown is huge. I have some other ideas to improve but want to understand why the drawdowns first. Also I guess you could trade in both directions too with a lowest low and maybe some kind of hedge to reduce the risk.... just some thoughts....