I've been testing the Bluto original bipolar for awhile and have found i prefer the settings tweaked about as conservative and simple as it can get.
1HR EUR/USD
Lots = .01
MM = False
Fibo Progression = True
RSX Period = 3
RSX Timeframe = 15
SMA Filter = False
TP = 27
Stop = 70
Maxtrades = 4
Pips = 20
I've been testing with the stop for a week and it's done well so far since we haven't had a significant move without retrace. We'll see what happens when the big one hits.
I tested these settings about a month ago without a stop and a $100 dollar balance to start. It lasted 5 weeks more than doubling the account slow and steady before a big move without retracement killed it. I stepped up to .02 lots when it reached $200 so if it was left a .01 it probably would have survived.
This ea keeps a nice trap set and rakes in the pips in the ranging markets. If we could get some reasonable way to handle these big moves I think we have a great ea. In the meantime i'll experiment with the stops to manage a trend.