Quote:
Originally Posted by hayseed
hey celtiheart...... below is your ea with breakeven......
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Wow, thanks!!! I will try that out. I am still tweaking the ea.... I've never made one before and it's a lot different when it's automatic than when I do it manually. When I'm doing it manually, I wait for the close, then run a "close and reverse" script, but the ea made with the Expert Builder has quite a delay if you wait for the close. It won't open a new order until the close of the following candle, which is a bit late. So I used "every tick" mode, which has pros and cons... sometimes it will open an order which I probably wouldn't have if doing it by sight.
And I've never traded in the middle of the night (I live in Florida) so had no idea how the system would work during the Asian session. I let the ea run last night on demo and if last night is any indication, don't use it at night! LOL As with pretty much any system, it's not going to work if the market is really choppy and it seems to be more so during the Asian session (although it usually works pretty well til 10pm or 11pm EST, which is into the first few hours of the Asian session).
And I guess the system would work on other pairs and other timeframes, but I have the best luck with AUD/JPY on one 1-minute chart. It moves a lot but is a bit less volatile than GBP/JPY so it seems to work better. And even though I use this on the 1-minute chart, it is not by any means a scalping system... sometimes the trades last for hours, up to 8 hours. Although it is definitely an intraday system.
Still undecided if it's better in the long run not to use "tick mode." Or just use common sense and don't run it if the market is really choppy and the MA's keep going back and forth across the 100 LWMA
Generally speaking, this system works really well for me, averaging 200-300 pips a day net on the AUD/JPY, 1-min chart. But that's doing it manually, it's different when it's automated, as the ea might take some trades that I wouldn't when just looking at it. The problem with doing it manually is that I always have to watch and can't ever go anywhere!
I've compared the code in the two files, so if I make any more adjustments to the original ea I will be able to add the breakeven stop.
Thanks so much!