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As oppose to the typical Martingale EA where as we double against a trend in hopes that the market turns our way, is there an EA that does the opposite?
For example: I open a Long position (.10) with a T/P@ 100 and STOP/REVERSE@50. Now, if the S/R is hit the Long position is closed and a Sell order (.20) is triggered. This goes on until the T/P is hit or a margin call closes your positions. Essentially this EA makes money when the currency is trending. I've tested this solely on GBPJPY with a T/P@300 and Stop/Reverse@100 and works very well. Also my entries ARE NOT random! Now does an EA exist?
Hi Criss...........My FXTradepro Manager EA does exactly that. It also allows you to input lot sizes at each level in a Sequence Of Trades. There are several entry options for the Initial Start of the EA, such as - Immediate Entry, Timed Entry or Price Entry. I have been using this EA and a corresponding Strategy for almost 2 Years now with great success. One of the set-ups I use is similar to what you outlined in the first Post but I trade EURJPY with a 30 Pips SL (Stop and Reverse Gap) and a 120 Pip Target.
I think you were a Member of our Forum where the EA is available for Trial but you (or anyone else) can PM me if you are interested.
Dan
Last edited by FXTradepro; 11-16-2007 at 06:27 PM.
hey i'm glad you reached me because for the life of me i forgot your username and website.
Quote:
Originally Posted by FXTradepro
Hi Criss...........My FXTradepro Manager EA does exactly that. It also allows you to input lot sizes at each level in a Sequence Of Trades. There are several entry options for the Initial Start of the EA, such as - Immediate Entry, Timed Entry or Price Entry. I have been using this EA and a corresponding Strategy for almost 2 Years now with great success. One of the set-ups I use is similar to what you outlined in the first Post but I trade EURJPY with a 30 Pips SL (Stop and Reverse Gap) and a 120 Pip Target.
I think you were a Member of our Forum where the EA is available for Trial but you (or anyone else) can PM me if you are interested.
Hi Criss...........My FXTradepro Manager EA does exactly that. It also allows you to input lot sizes at each level in a Sequence Of Trades. There are several entry options for the Initial Start of the EA, such as - Immediate Entry, Timed Entry or Price Entry. I have been using this EA and a corresponding Strategy for almost 2 Years now with great success. One of the set-ups I use is similar to what you outlined in the first Post but I trade EURJPY with a 30 Pips SL (Stop and Reverse Gap) and a 120 Pip Target.
I think you were a Member of our Forum where the EA is available for Trial but you (or anyone else) can PM me if you are interested.
EA Trial
Linear Mode
