This is a another hybrid of 10Point3 with what I believe are some significant enhancements to improve trading success based on the Predator EA I posted in the Elite Section a few weeks ago. Predator has had some really good results so far (knock on wood).
This EA scraps the standard MACD used in 10Point3 for trade signals and instead uses a Jurik RSI based on Jurik MA's. We've found this to be a tremendously more responsive indicator in Predator for getting you in and out of the correct trade direction in the first place. There's an additional new feature that now restricts trading to go with the daily trend. Loosely translated:
1. If the trend is strongly up, you buy only on the dips.
2. If the trend is ranging/weak downtrend/weak uptrend, you can buy or sell.
3. If the trend is strongly down, you sell only on the rallies.
Settings can be the same thing you've used with 10Point3, Terminator or Predator. I've found that keeping the TakeProfit/Pips/Stoploss intervals tight can result in more rapid smaller but consistent profits. The enhancements in this EA should go a long way to help avoid trading in the wrong direction and to reduce those huge drawdowns.
Give it a shot with a demo account and post your results.
