Which indicators are you looking for?

I haven't visited this thread for a while, and now I am getting lost on almost every page....can someone direct me to a post with the latest rules and indics? Any help would be appreciated.

Could an EA trade by looking at 3 TF?! That would be awsome!
Is the EA profitable?!?

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Common Sens Indicators Active!

Which are the best for this system?

+would you mind posting the EA and the indis needed for this?

last time I tried the EA some months ago I could not get it to take a trade, maybe I was missing something?

thanks ma'am

Hi Cody,

Simply scroll back a couple pages , here #2340, I explain my complete set-up. The indis which the EA uses are the standard ones with the default settings (nonlagging zigzag v2 and zigzag pointer). I also have the zigzag pointer v2 up just to personally be able to see the repainted arrows, but the EA calls the other one.

Hope this helps,

Find attached detailed statement which roughly covers the last 2 weeks of testing. This EA is definitely prime stuff .

Current situation assessment:

Profit factor: 17.61
Relative drawdown: 1.81%

Initial capital: 5,000.00
Current balance: 9,949.04
Equity 11,663.10

Margin: 1,779.00
Free margin: 9,884.00
Margin level: 655.59%

Floating p/l:1,714.06

Total # of trades: 72
Profit Trades (% of total): 70 (97.22%) Loss trades (% of total): 2 (2.78%)

nb: I mostly adjust the trailing stops manually because the EA does not manage "trade context busy", so it doesn't trail properly - but that's minimal work

Attached Images

bouncing july 11 last 2 weeks.gif (4.7 KB, 475 views)

Attached Files

bouncing july 11 last 2 weeks.htm (57.3 KB, 41 views)

Hi Ms_Mel,

You said that you used the EA on 28 pairs, what pairs is the best if I only want use it on 3 pairs ??

And what you mean you have to adjust the TS manually?? what is the exit logic in this EA?? should I use the TS to control the profit?

thanks

Here is a breakdown of my statement by pair performance. Don't forget that this covers the last 2 weeks and lot size is 0.1 (mini lot or 10,000 units).

Also, there were no trades for the following 8 pairs:
chfjpy
eurgbp
eurjpy
eurnzd
gbpaud
gbpchf
nzdcad
nzdjupy

Attached Images

Breakdown of trades by pl.jpg (61.1 KB, 459 views)

To answer your first question, well I simply don't know. The originators of this thread only traded gbpjpy and eurjpy, so I suppose these 2 have proven to work well (manually). As far as the EA is concerned, there hasn't been a lot of testing going on, so we don't have an answer yet. My table (in previous post) can somehow guide you, but (1) it covers only 2 weeks and (2) who knows the future? I will need to test over a longer period to start seeing a "trend" as to which pair performs best.

As for your 2nd question, I have to admit I don't understand the various trailing stop options in the EA very well. I *think* that the 4th option "delayed at input" is supposed to do what I want, ie. when x number of pips is reached, start trailing. But my observations are that it sometimes doesn't get triggered, or it gets triggered and doesn't trail properly (maybe due to "trade context busy" problem). So what I do, is I simply modify each trade and select trailing stop (in metatrader) and then the trailing is OK. I wish the programmer(s) would hop in here and clarify the trailing stop options, but again, manually setting them is not all that time consuming.

Hope this answers your questions,