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If you can identify a trend correctly, u dun need to go against it to make a fortune.
The point is where is the trend? Where is it going?
True, I often trade with the trend on H5, when the H4, H1 and M30 line up and the M5 goes the same way, but that I do manually with a fairly tight stop until it has cleared about 15 pips, then I move my SL to breakeven apply a 15 pips TS and just let it run.
thank you for sharing your ea. i've been working on 10point3 ea for sometime now but think your ea is much safer to run martingale lot sizing. i'll be running it on eurusd, eurjpy and gbpjpy as the later 2 pairs trends more. however, i would increase the pip increment to 10 for eurjpy and 20 for gbpjpy so as to reduce the likelihood of the ea opening up till the 8th or 9th step should a huge drawdown would to occur, which would definitely be nerve racking.
we shall see how it performs tomorrow onwards, especially during nfp.
from my limited experience with this ea, it is best to start it when the 13 ema is still in between on the 55's 4hr chart to take the most advantage of a trend and also to avoid buying at the tops/bottoms. also, i'd think the 6 pip steps with 9 levels are very risky, even for eurusd.
i've also noticed that the ea will make additional trades on the underlying trend when the PRICE dips in between the 55's and back up again. have you noticed this or is this supposed to be the actual strategy? nevertheless, it's a good strategy tho, which brings to the next question, does the ea/strategy uses the trailing stop as the only means of taking a trade out? what if the trend turns sour upon entering (say within 50 pips) and the 13 ema goes pass the other way round on the 4hr? will it close all of the opposing trades to the current trend and re-opens trades based on the current trend as usual?
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