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Old 03-05-2007, 04:53 PM
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MiniMe MiniMe is offline
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Mrpip posts

Please refer to Mrpip posts lots of the questions have already been answered.

The EA should work alone no need to open or close a trade manualy, and the target for TF and SL have been set based on tests done by Mrpip mainly on GBPUS pair using FXDD

Yesterday I saw 600$ as profit I was about to close but I left the trade running it went down to -900$ and today I saw all the trades were clsoe at around 2300$ so this is why the EA was created.

Another issue I am testing the NY session but as per the tests it shows that NY is not a good market to trade... and I saw that also today.. see the last trades the loss was due to NY market opens.

we still need more time to test the EA but pls leave it running and don't change the setting when running it.
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1. It always try to invest in 1 lot even the setting is 0.1 lot and money managment is enabled. Why? Can you limit it down somehow? if you are using fxdd then you should be ok, else you might have some issues so see the above post for that.
2. Does EA can close positions by itself other than crossing TP os SL? other than SL or TP i dont think so I admit that I closed manually 4 of 5 opened positions, which allowed me to save the profit and cut loses. Cut losses see my statement there was more profit than lossesOne was closed by TP. This is what you are intended to do? Yes
3. SL were set 100 pips away from opening price - It's quite far, doesn't it? yes but this is best on GBPUS pairs, but still its a good start personaly I trade with no stoploss
If you compare to TP which was set 50 pips away, then if EA is not exiting by itself, then there are bigger chances to loose than win. No because for a trade to open there are more than 4 indicators to control the open position, all the conditions from the indicators has to be true for a trade to open, and those indicators are taken from a profitable trading systems

Can you suggest what settings you apply? Now use the default unless you want to change the lots size
What is the reason that by default trading hours are on and trade NY is off
by Mrpip tests most of the losses were due to NY, since the tests were on GBPUS and this pair is affected by the US news more than GB news ... but also from experiance NY session cause more losses than wins due to news.

Thanks for your questions and pls keep testing
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Last edited by MiniMe; 11-15-2009 at 11:01 PM.
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