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Originally Posted by forex4syg
Hi,
Could you please summarize the rules in more detail?
From the test, the SL seems about 40 pips.
How do you close the profited position? I saw one position was with about 50 pips profit, and it was not closed, but it is now negative.
If first position is lost, the second position may be to buy or sell. How do you decide to buy or sell?
Thanks!
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- yes, SL is 40 pips
- i have also trailing stop of 20% of the gain :
ex: if the position have 70 pips gain, i have a trailing stop of 14 pips
- i never close a position if the gain is not > 50pips; so with the rule of trailing stop, i have to reach a gain of 62 pips to "assure" a gain of 50 pips
- if the position have 150 pips, i close the winning position
- the rule of buy or sell depend only of the position of stochastic 4H and his signal (sto>signal => buy) !!!
this rule is certainly not a good rule, i have to put a best one
but i think that the most important is the rule of the money management (x2 the position if the last was a loss; with a limited maxtrades <= 6, to not have a too big orderlot())
i will try to improve the ea with better rule of entry
what the results of your backtest ?