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Entry points
I have been watching other people's and my own trades of this fab EA for several weeks. I think it's good at defining major trend and the main underlying logic works well that is why it can often recover from temp losses.
One area it can be improved and that would increase profitability is better entry points. Sometimes it opens a trade while in retracement and occasionally at the end of the trend.
If CCI_Woodie with LSMA can be used to avoid these problems, that would improve the EA, may be CCI will replace one of the existing filters (if there are too many already).
1. If LSMA (say on 15 Min chart) is Red never open a Buy position at this point and the other way round. (red arrows on the chart)
2. If CCI_14 or CCI_34 reached +200 level (overheated) dont open a new Buy position but let existing run as usual. ( left yellow arrow on the chart)
Or another indi can be used to detrmine tops and valleys. (RSI or Williams)
3. If one of two co-related pairs, say GBP/JPY and EUR/JPY, is exhausted and started moving in the opposite direction, would be useful to close the 2nd pair even if it hasnt reached its TP.
I can provide 'iCustom' code to get values from CCI_Woodie.
Your comments are welcome.
Chart image attached.
Last edited by european; 03-17-2007 at 08:53 PM.
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