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I don't understand why you want to make the EA trade in only one direction : i think the biggest interest of this EA is that even if the first trade is wrong direction, you will finally catch the trend (and contrary to other martingales you dont increase lots against trend with the fear of marging call). |
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I could not get it to make a profit...perhaps I was using the wrong Nexttrade? I agree with you that this EA could be used like it should, the problem that I have is that price will drop below the long and then start shorts then rise with longs again...then start over...building lotsize progressively and never giving TP.
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This EA works very well if you set it up correctly.
It's fine as it is (I'd just like to see MM for lot sizing). You create new problems by adding directionality.. Do you close all trades out when direction changes or leave them open? Do you open trades only in the direction of trend? What kind of indicator will respond quickly enough to render the strategy more effective? Time filtering does not enhance performance either as you are restricting the market movement to YOUR criteria which price does not recognize. Simpler is better. Price action alone enables this to work, as eventually it WILL move farther in one direction than another. That's all that's needed. Last edited by WNW; 01-26-2008 at 01:13 AM. |
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I ran this short test on 6 pairs at the same time with v1_4. The floating loss is high (keep in mind 6 pairs are running), but it never hit it's SL. |
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