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I use a wait of 3 or 4 candles for filtering with nonlagdot and QQE.
Robert
Quote:
Originally Posted by McForex
Just an update. I have been running the Mpower ver4.0 EA on a $5000.00 Demo account for three weeks. I have pretty much let it run although I have taken profit on a few trades before the EA closed them out. It has performed quite well. It is at $6704.05 right now with no open trades. That is around 34% in three weeks. It has had some losses but it seems to minimize the amount of the loss quite well. Occasionally it seems to exit a trade prematurely but all in all it has done quite well.
I just updated the EA to version 4.1 tonight and I will keep it going. I currently have the risk setting at 8% but I started at 10% and then changed it to 7% when I saw some of the lot sizes it was opening. I will post my results again in a few weeks. I am not sure about some of the settings and have left most of them at default. As I loaded the new version tonight I did change the entry to Non Lag dot and QQE with no candles wait for confirmation. I am also trading this manually and that seems to be the better entry.
BigBear,
Could you please modify the first post to have a link to the above posts so all indicators and EAs can be accessed from a single post. That way I can always update the post with new versions.
Also upon request I will add the other EA version that follows the original rules to the second post above.
4 trades this week 1 loser and 3 winners for a total of 502 pips to the good.
Hi Forex 11,
Nice results this week. Could you please post your results so i can see if the trades i placed are similar to yours or where i have gone wrong as my pip total is not where near your result.
Hello, im new to this Ea, have been following thread, what has been the best filter for confirmation for EA, any results for different filter's would be much appreciated, Thanks for your time
I use a wait of 3 or 4 candles for filtering with nonlagdot and QQE.
Robert
I have a question on that. If you use say 3 candles along with non lag and qqe, do all three situation have to happen at once? For instance, if non lag and qqe are in agreement but only 2 candles are right and then the third candle is wrong but then fourth candle is correct again, would the ea enter that trade or does it have to be 3 candles in a row? I don't know if that make sense but there are times when you don't get three candles in a row but the trend is definitely going in the right direction. Just curious.
Thanks for your time and efforts on this thread. I don't post a lot but I do follow it consistently and I am using the system on a couple of demo accounts with the hope to move it to my live account.
Mr Pip question
Linear Mode
