No matter where the market is heading we are always going long. This EA is for the conservative trader and should be safe to trade. A more aggressive version will be released later with higher risk and more profit.

Instructions:

Place EA on 1M chart for GBPUSD or EURUSD
USE AT YOUR OWN RISK.

Update: 30.06.07 changed LotSize to 0.1 for testing, added option to halt trading and edit SL
Update: 04.07.07 some options added to v4
Update: 17.07.07 version 5 attached
Update: 22.07.07 Version 6 attached

Attached Files

Micronotch_v6D.ex4 (26.8 KB, 322 views)

Here is the more aggressive version works on any pair.


Update: 30.06.07 changed LotSize to 0.1 for testing, added option to halt trading and edit SL

Update : 04.07.2007 post #1 contains v4

Hi Fiasco,

Nice to see you back again.

Micronotch 1 was going quite well until the beginning of June.

What pairs do you recommend for Micro 3? Also 1 min TF?

Hello retro,

Any trending pair will do (EU/US, GB/US, etc) and 1M time frame is recomended. For v3 you should have a balance of 5000 to 10000 but v2 can start with 500 to 1000

Some forward test results would be great
Thanks

Fiasco,

Could you tell us what's changed from V1 ?

V1 is a Martingale method of trading. The disadvantage, of course, is a huge loss. By this I mean that Martingale EA's seek to have no losses by "doubling up" after losing trades, until the market turns and recoups all losses and then some. But of course what happens if the market doesn't turn, pretty soon the "doubling up" wipes out your account unless you have a fat balance to withstand such a large drawdown and this is the case in all related trading methods.

V2 & V3 does not increase lot size and closes trades in profit. Both versions have Stop Lose and can be adjusted in v3 to meet your risk appetite. Change the Close_immediately value to True if you want to close all orders on Friday or at any time and start over.

Forward testing will be posted next week.

Updates posted on first and second posts..

hi, i think that working with martingale is too much dangeroeus

i recomended forward test with v2/3

it's better lose 1 order than lose account ?

giapel

hi, fiasco
i' ve attach ea and i 've saw expiration date 2007.08.08

why? can you explain me about ?

giapel