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After you understand this EA...I would be curious as to your opinion. I do not mean to put you on the spot...but if you have the time...
I have made 40 bucks this evening and I made a mistake with the first trade ... (this EA is kayvans brainchild and wolfe wrote it...and I post ad nauseum' as usual)
...on 1k that is 4% thus far...and I hear the machine gun in the backgorund trading again as I write this post (the sound is on and there are many trade sounds)
But DD does get a little heavy...like 30%, but that can be fixed by dialing back down from 0.05...to maybe 0.02...but the 20 buck TS would need to be cut back as there is not any MM (the TS works from the float and not the individual trades, I call it wolfe floating managment WFM).
Anyways...the candle tops and bottoms dictate the entries...you can set the lag from the top or the bottom with a # of pips...(see the input dialogue). If you breach the top of the prevous candle or the lookback that you specify, you get a long if it is the top and a short if it breached the bottom. There is not any martingale in the pure sense of the word. There is not any doubling...it is the same size that you specify. You get a starting size and then a successive size input and each increase of 1 pip there is another entry (this is not setable yet)
There are some unique things here you should take a look at Ralph and as always I value your take on this....
ES
P.S . I am going back to sleep.
Last edited by ElectricSavant; 03-03-2008 at 10:25 AM.
I like vey much PipIdiot with ES'settings ( very very fun)
I suggest for the next version a possibility of EmergencyClose to close together all the trades - before news for example.
I also noticed despite WFM settings, total closed profits were negative amounts (?) in two cycles. Maybe closing multiple orders at once has to be looked at, I think.
Linear Mode
