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your right. I tried just .1 lot and it dumped account. even on 30 min chart.
It was placing sell orders at 1.1800 and then moving to 1.2500 range.
I ran it on a 1 hr chart and it got through starting with january just fine but dumped in november. Reason for the dump in nov is because of buy orders above 1.2900 and the account protection settings.
I second these points Dave. EA's can be a great tool...but the user really has to gain a true feel for them (and the market) and adjust as necessary.
I think having the option available to be able to direct buys only or sells only would be valuable and would go a long way towards your first point.
You could do that simply in the EA property settings if you wanted to maually direct trade direction. I'm hoping we can get a bunch of people to run this thing on demo accounts to see just how well it responds to trend changes based soley on the indicators.
what I was trying to say was we can try to add a filter that look after weekly high low and if price is near this point "no trades" as there is a higher risk for price reverse.
any results on eurusd rally yesterday??? i backtested it was a failure on eurusd rally....
this euro$ rally is a sell only price level. I have 3 sell orders in now one in profits.
You see.....1.3000 is an extream. if price breaks this level 1.3065 is the reversal point according to a gartly butterfly pattern on the weekly chart.
Plus fundamentaly, the ECB cann't allow the euro to be this high against the $ for long because it will screw up trade exports for euro.
Gas prices are low and people are feeling good about the $. This shopping season will show good consumer confidence and the $ will make gains while pushing euro back down to more tolerable levels of 1.2400 range.
I wouldn't place a buy order at this range. But a long term short order is ideal for now. We should see euro$ go below 1.2000(long term) after topping out at the 1.3000-1.3100 range.
this euro$ rally is a sell only price level. I have 3 sell orders in now one in profits.
You see.....1.3000 is an extream. if price breaks this level 1.3065 is the reversal point according to a gartly butterfly pattern on the weekly chart.
Plus fundamentaly, the ECB cann't allow the euro to be this high against the $ for long because it will screw up trade exports for euro.
Gas prices are low and people are feeling good about the $. This shopping season will show good consumer confidence and the $ will make gains while pushing euro back down to more tolerable levels of 1.2400 range.
I wouldn't place a buy order at this range. But a long term short order is ideal for now. We should see euro$ go below 1.2000(long term) after topping out at the 1.3000-1.3100 range.
this euro$ rally is a sell only price level. I have 3 sell orders in now one in profits.
You see.....1.3000 is an extream. if price breaks this level 1.3065 is the reversal point according to a gartly butterfly pattern on the weekly chart.
Plus fundamentaly, the ECB cann't allow the euro to be this high against the $ for long because it will screw up trade exports for euro.
Gas prices are low and people are feeling good about the $. This shopping season will show good consumer confidence and the $ will make gains while pushing euro back down to more tolerable levels of 1.2400 range.
I wouldn't place a buy order at this range. But a long term short order is ideal for now. We should see euro$ go below 1.2000(long term) after topping out at the 1.3000-1.3100 range.
I have posted the Goblin default preset and my preset taken from forward testing of 10points 3 Dynamic Stop.
I have also posted a gif showing how Goblin has found the right direction on all the four pairs that I am testing. This is amazing to me and find it hard to believe that this has occurred all at the same time. Clearly we have taken a major step from MACD and any further improvement will only enhance this EA's performance.
In a few hours I will post my detailed statement for the week.
Linear Mode
