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).

Will only close 1 currency pair.

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.

ES

Can i suggest we add in a time filter timing?
e.g EA only adds trade at a certain time of the day which we would choose the most volatile time of the day.

Any opinions on this?

Yes, I've been testing since Jan. 14, very consistent results.
NO LOT INCREMENTING OR DOUBLING. This is the key to success for most of these systems.
Forget backtesting altogether, just forward test.

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.

Please enlighten the system creator. LOL

I ran a short forward test using your method. I did not increase lot size. I had Next_Trade set at 20, TP at $15.00, and SL at $300.00. I think the key may be no increasing of lot size, not a small Next_Trade (5-10 too small), a small TP, and a large SL. If you can suffer the draw down, I think you will eventually hit your TP.

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.

Attached Images

v1_46pr.gif (106.8 KB, 232 views)

Attached Files

v1_4 Statement.htm (66.3 KB, 51 views)

I agree with your assessment WNW.

Part of the way this EA works is to add trades to get you out of the hole. If you put a time choke on it, I think the basic functionality of the system would fail.