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Originally Posted by Terry French
Matt, glad to see you back. I've been doing some more thinking and I feel this EA is only about half done. It only makes money (big money) when the market moves against you, which is ok, but it would be better if you could ride a trend for larger profits and build on them as the market moves with you, just like you have to increase your lot sizes as it moves against you. So the way I see it is you have protected the equity in the acct. with what you currently have built and makes profits at the same time with quite a bit of risk. The risk is ok but you should be able to get it started in the right direction better than it is currently doing and eliminate some of that risk. The newer version should add to the positions and have an option of moving a trailing stop to protect profits at each pipstep level. Another thing could be that if so many pips are recorded rapidly on a 5 min bar (+) trailing stops are moved agressively up to protect profits and (-) positions are closed before equity can be drawn down much. I have a couple more ideas but maybe I'll wait to see how these are recieved. :>) These additions would not take away from what is there now but add more profit potential. Thanks for reading terry
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The ideas of moving SL up if the position goes good for you and increasing TP as well along the way sounds like a good idea to me. There have been a number of times I have seen the TP almost achieved and then falls back where we may be able to take a different approach and take advantage of that somehow. I would be interested to hear all you have to offer on these subjects and will think thru some ideas about implementing this as well. Thanks for the input.