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The gbp and $ are at very extended highs so you would have to use at your own risk as things appear to be ready to turn and start chopping. Terminator 4 on the elite section works something like this. That does about 25 a month. Also, you are right it doesn't open a lot of shorts.
After about three weeks and three demo accounts I have had only one loss set of trades, with GBPUSD when starting testing.
Has anyone tested the EA with different trailing stop values or trailing stop procedures? This may be the loss generating weakness of the standard setup in sudden trend changes.
Last nights results with GBPUSD and EURUSD:
- fixed trailing stop: full 50 p's loss at the highest order level
- non-fixed trailing stop: loss at about half of the loss with fixed trailing stop
- manual closing: nice profit
Well, this evening (Sydney time) Bliksem capitulated to the 100 pip drop of the EUR/USD.
Lost 75% of the equity. The last few orders are way too big. The last 2 trades lost $2000 alone.
Back to the drawing board.
Did not open any counter trades. I put on the board USD/CHF as that has a downward trend, but no trade at all. I wanted to see whether the EA opens any sell orders. Nothing so far.
In the last 12 month I have tested at least 50 different EAs. I have 12 EAs running constantly all the time on my Notebook. None of them are safe and making constant profits so far. Sooner or later they all blow the account.
We might have to concede defeat with the EAs. There is no EA which you can just set and forget. At least it is not invented just yet.
Lets keep working on it.
any good settings for this day situation??? when EUR/USD, gbp/usd is downward trend....
and KaMpeR... this EA just buy orders???? couse i never seen sell order...
I just started demoing this yesterday with the default settings and, of course, got creamed overnight.
I'm not giving up on this one yet. I'm going to widen the gap between trades maybe to 20 pips, with a 20 pip SL and TP and limit the maxtrades to 3 or 4. We'll see.
Well, as expected, my EURUSD hit the 9th grade all the way down today. I am not surprised about the loss. I wonder if Bliksem can trade short. I tested it on EURGBP since yesterday. The condition met for short trade but it has not placed any short trade yet. Does anyone has Bliksem traded short for any currency pair?
Please find attached version which allows user defined inputs.
The only addition is "No_TS_Stop_Loss". This is the SL setting you choose if you don't use a trailing stop.
I'm an inexperienced coder, it would be appreciated if someone would double check this.
Linear Mode
