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Maybe instead of using a % we should use a fixed amount : 500$ instead of 10%
yea maybe
I am hoping it will be usefull on multiple pairs. As the equity from all 3 pairs trades becomes a % all 3 will close trades and reset. With all 3 set to reset at 10% equity increase, there all three tied together with the same equity target. I hope.
max trades 4
pips 18
target 15
mm true
risk 1
equity target 10
thats what I'll be running this week forward test on 3 pairs like befor.
I am hoping it will be usefull on multiple pairs. As the equity from all 3 pairs trades becomes a % all 3 will close trades and reset. With all 3 set to reset at 10% equity increase, there all three tied together with the same equity target. I hope.
max trades 4
pips 18
target 15
mm true
risk 1
equity target 10
thats what I'll be running this week forward test on 3 pairs like befor.
Dave
what are the pairs ? last time your pip step is 8 target is 30, now 15?
Excellent work on this EA. I have an idea for a spinoff from this EA.
What about flipping the position on the pipstep instead of going against the trend? For example, if the EA opens a short at 1.2800 (Short .10 Lots), then the price goes up o 1.2810, we buy double the first position (Buy .20 Lots). If it goes back down to 1.2800, we short, but double the second position (Short .40 Lots). We take a fix profit at which time all positions are closed.
Lets say we make it $20 profit. The first positions has to move down by 22 pips with a 2 pip spread. The second position has to move 17 pips up, the third position has to move down by 15, and so fourth. The more positions open, the smaller the move has to be.
The nice thing about this strategy is that the margin is used up at a fib progression, and not the martingale progression because the positions hedge against each other. You make no big swings, but just a nice steady consistant profit.
Another idea is to pyramid in one direction with the same lots until a profit level is reached. Let's say we want $100. We buy at 1.2800, we buy again at 1.2810, 1.2820, and 1.2830. At 1.2840 we hit $100. However, lt's say it reverses at 1.2830. When the profit level of the first positions is 0 which would be at 1.2815, a sell of .20 lots is made and pyramids in the opposite direction.
Oh, I wanted to add that all these ideas work fantasticly in my head.
I now understand how a dog thinks after he has been neutered.
I now understand how a dog thinks after he has been neutered.
Sorry to confuse. Essentially, what I am proposing is an EA that opens orders based on price action. It simply goes with the price. It buys as it goes up and sells as it goes down. Eventually there will be move in one direction that creates a profit and all previous orders are closed.
piptitties
