Hi Bernard,

Firstly, thank you for sending me the commercial version of Excalibur EA yesterday.

Today, I attached it on a live mini account of 700usd with Gomarket (Australian mt4 broker).

The Excalibur_V3 on M30 of Eurusd placed totally 6 trades (3 buys and 3 sells). All these trades were losers with total losing pips are 6 x 50pips/trade = 300 pips.

But then, this evening, when Non-farm payroll report was out, again, Eurusd, M30 triggered 3 sell trades, and currently in profit of more or less 100 pips per trade.

So, totally, it is a break-even for today, if I want to close the last 3 trades in profit manually.

I wondered why the trade is in profit of more than 100 pips per trade, the trailling stop function did not move at all?

So, I decided to move stop loss to break-even, and let it run to see whether it can match 1000 pips or not.

As far as I remember, for Eurusd, M30, the profit target is only 100pips, or 300 pips, and stop loss is 50 pips. But actually, I noticed that the
Excalibur_V3 EA on M30 of Eurusd has 50 pips stop loss, but 1000 pips profit target ?

Is there anything wrong here for M30 of Eurusd? How can a short-term trend ride up to 1000 pips, and this is my question?

I hope you can explain me more about this.

Anyway, I like it. But I also wish to remind other people in this thread that no EAs are 100% winners. So, good money management and moderate risk settings are required, as what we would like to aim at is the long-term and consisten profit, not a huge profit that can make us rich overnight.

This Excalibur_V3 EA is an interesting and profitable EA as far as I noticed how it placed trades today. Market conditions have not been normal yet as of today. So, I think after middle of this Jan., 2009, we will see this EA make more consistent profit when those big guys come back to their desk and start trading after their holiday (I mean hedge fund companies, PIC of big banks, etc).

Have a nice weekend !

Best regards,
James