DislikedRight now I have the intial s/l at 200 but as soon as you get up 50 pips s/l moves to +5. If prices crosses back and closes on the opposite side of the 10sma it will take you out and enter you in the other direction. Just something I am playing with so dont get excited just yet.Ignored
I get emailed via the 10SMA indicator every morning when the daily candle closes. I then compare these from the trades I checked the night before and wrote down for potential setups. Of these I will mostly take less than 50% of them. The best way to make use of an EA with this strategy is the one I created to manage open trades.
Sure EAs will keep emotional decisions out of your trading but sometimes decisions are required. Take the GBPUSD from Friday, there is no way I would take that trade since it travelled so far from the 10SMA in the one candle where the EA would have you at a floating -60 right now and it still has not crossed the 10SMA the opposite way