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It is possible to use it on EURGBP. But make sure you have x2 amount of capital from what you trade normally. Because when you trade on EURGBP, the require margin for this pair is x2 of EURUSD. Or may be your can tone down the risk by half if you're using money management.
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
Since this thread was started back in August 2006 I have tested many pairs and versions. Early on I found that JPY pairs were usually too volatile for its aggressive nature and eventually settled down with EURUSD only and avoided trading the most volatile trading times.
...
John
Good job yeoeleven,
so are you avoiding all news altogether(even the less significant e.g. US House Price Index q/q;German Consumer Confidence...), every central bankers' speech ...?
I think that's the way how to almost eliminate a death trade unless a nuke goes off somewhere.
so are you avoiding all news altogether(even the less significant e.g. US House Price Index q/q;German Consumer Confidence...), every central bankers' speech ...?
I think that's the way how to almost eliminate a death trade unless a nuke goes off somewhere.
cheers
No, its auto. It has been coded to stay away from New York session until London closing.
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
Heh, guys, I have been trying this EA for a time, and I think this EA has great potential. However it sometimes almost wiped off my demo accout.
So I suggest maybe some programmer can add the following two functions in this EA:
1. Equity Stop Loss. If the equity in your account less than, let's say, 90%, then EA will close all open transaction to protect your account.
2. sometimes big news happen, and no one can foresee it, but broker will increse spread during that time. So maybe we can let this EA stop trading when spread increases, e.g. two pips, etc. Because this EA trades anti-trend, so when big news come out, the market is volitile, it is better to stay away from the market.
Above is my suggestion, and I am a newbie, knowing nothing about programming. So I really hope someone can add these two functions. Let's make this EA more profitable and safer!!
Hello,
Davidke20 , knowing that you tested a lot of Martingale strategies ,
please can you look in to my link and give some feedback , if this strategy is any realistic and if not , what is the most wrong thing with it.
Friend asked me and I'm not just that good in Martingales EA .
Thanks http://www.forex-tsd.com/194571-post1114.html
playing it safe playing it long term profitable
Linear Mode
