Account is now down $435 since Sunday and losing another $619 on open trades with 4 pairs. Please see attached chart GBPJPY and statement. In some cases there are open long and short positions on the same currency. Please advise how to correct this situation. Does anyone have settings that avoid this kind of loss?

autumn

Attached Images

gbpjpydec05am.gif (39.8 KB, 744 views)

Attached Files

FXDDSynergy5Dec.htm (25.5 KB, 57 views)

I have closed the account to stop the red ink and started a new demo on 4 pairs 1hr charts with default settings except for split trades false. If you have any suggestions as to how I can improve performance I would be very grateful.

autumn

I can only suggest going over the optimization results that nondisclosure published, and trying some of the settings that seemed to yield good profit factors.

I was expecting the results to show there was essentially one "best settings", but it seems to indicate that the top earners might use settings that vary significantly.

Thanks Derk,

I have altered the settings as per Nondisclosure's optimization after a drop of over $600 since yesterday on 4 pairs.

One question lingers: does the Indicator have to be attached to the chart in order for the EA to work? If so, do all the settings have to be identical for the EA and Indicator?

thanks for your help.

autumn

Hello Autumn

If the EA is blowing your demo account, I will employ you to trade with the manual indicator.

Go to the first post and download all the files as instructed.

I'm doing well with this and am also planning to teach others in my locality.

thanks

OK, I've downloaded, and I am already very familiar with Synergy. What next?

autumn,

Load the template from the chart and follow the signal as sent to you by the alert.

thanks

I'm betting that the last 2 orders in your chart happened around news releases that affected that pair.

Autumn, you might try to pick currencies that are in a strong daily/4hr trend and trade only in that direction. I have been looking at the major currencies on a daily basis and turning on Derk's EA to take only trades with the major trend. See the attachment for an example of the USDCHF and USDCAD. The first chart is the 4hr showing the major trend and the second and third charts are the hourly detail.

The 4hr(and daily) is strong short on the USDCHF so I only take hourly short trades, the 4hr(and daily) is strong long for the USDCAD so I only take hourly long trades. This seems promising if your stop loss is set up correct. thx mike

FYI - The images may take a minute to appear in the attachment.

Attached Files

USDCHF.doc (668.0 KB, 77 views)

great job bro.,

I will give it a try the following week. i think the chances of taking more pips in hourly chats is to go in the same direction with the daily chart.

Wisdom!