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Originally Posted by seb
- 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 ?
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Thanks for your answer in detail. I have not done backtest on the system, but forwardtest. Here is a statement for the last two days on IBFX Min account.