This is a good illustration of the ea ridding the “trend” then switching to the 60 x 90 and taking the sell at the top.
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Dislikedgeez bit too quick for my edit there, look back to previous post
my settings are 5min chart, 80ma, 160pips away for first entryIgnored
DislikedHow many levels are you trading to survive a 885 pip move? I've lost too much money and I don't have the stomach for this anymore.Ignored
DislikedI have noticed the 60x90 ea dosen't do such a good job at running trends. I put this ea together from 2 of Bob's. Thanks Bob hope you don't mindIt runs trends. Dosen't work too good when the market vasilates. Anyway I'm still working on it, let me know what you think and if anyone knows some code I'd like to ask a few questions... Thanks. This only works on USD/JPY 15 minutes
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DislikedMy idea is that if the time gap between two level trades can be controlled (and adjustable), then we can avoid the spike trade happening immediately after the previous level. This should be doable for a programmer..Again, after the spike how to get the EA to work and at what levels is the question.Ignored
Dislikedif we could get that data easily, wow, would revolutionise settingsIgnored
DislikedIn my example of the GBP/NZD, I took the hourly data for as far back as I could get from MT4. .Ignored
Dislikedproblem with using gbpnzd hour charts is that they can move upsharply 100pips then down then up again then down etc etc within an hour, and this might not be reflected properly on a 1hr bar, hence why ive brought down all my charts to 5mins to get a 'truer' indicationIgnored
Dislikedaudnzd
nzdcad
audcad
eurnzd
gbpnzd
spread over 2 accounts currently (dont want more than 2 of one currency)
looking to possible add Cadchf and nzdchf which will mean a 3rd accountIgnored
DislikedHi Bob,
I want to thank you for your awesome EA!
The 60x90 is a sweet money maker (at least in demo).
I need to ask you a few questions that I hope you don't mind answering.
Have you done much testing with the Reverse function in the inputs when the stop is hit?
And if you have done testing, then what were the results of going with the trend at the second level?
Do you feel it would be better to manually stop the trades that are nearing the stop then to let it continue through the other levels and having the possibility of large losses?
Thanks.
Sincerely,
Vincent...Ignored
DislikedSo, my conclusion was there is a 49% chance that the pair will retrace by 60 pips within 1 hour. If you check for a 50 pip retracement or a different TF, the percentage will obviously change.Ignored
DislikedA homer is a person who always bets on his home team no matter how good or bad they are. I see you have all Aud and NZD therefore the term homer.Ignored
Dislikedhaha fair enough, im just trying to pick pairs with aud, nzd or cad as one of the currencies.... with no usd or jpy in them... except for usdsgd...
one im looking at atm which may be interesting is the eurdkkIgnored