FX Rogue Wave 4.0 Update 3 Discussion

Re-introducing FX Rogue Wave version 4.0 with update 3.

3 years of back testing. No more than a single loss. 1 month of forward testing no losses. An immediate loss here and I will hang up chasing forex.

At specific times each day (different for some pairs) a 20 pip horizontal channel will be created and locked. Entry is made when channel is breached. Stop Loss is at opposing channel side. Take Profit is 1x channel size. If loss occurs, next breach of channel creates next order in sequence at 2x multiplier recovering loss. A close in profit ceases trade sequence. 8 consecutive losses end trade sequence limiting overall trade sequence loss.

Uses mini martingale. Order sequence in loss can be .01, .02, .04, .08, .16, .32, 64 and 1.28 lots in order. Approximately $500 risk.

This live test is using absolute minimum in account balance to function.

EA is not ready for production (or sale). But I thought I would post results of this version to see if it can pass the milestones I have set for it.

Signals available here if after a month or two, it is doing well, folks can share. https://www.mql5.com/en/signals/331362

FXScottyb posted:
Re-introducing FX Rogue Wave version 4.0 with update 3.

3 years of back testing. No more than a single loss. 1 month of forward testing no losses. An immediate loss here and I will hang up chasing forex.

At specific times each day (different for some pairs) a 20 pip horizontal channel will be created and locked. Entry is made when channel is breached. Stop Loss is at opposing channel side. Take Profit is 1x channel size. If loss occurs, next breach of channel creates next order in sequence at 2x multiplier recovering loss. A close in profit ceases trade sequence. 8 consecutive losses end trade sequence limiting overall trade sequence loss.

Uses mini martingale. Order sequence in loss can be .01, .02, .04, .08, .16, .32, 64 and 1.28 lots in order. Approximately $500 risk.

This live test is using absolute minimum in account balance to function.

EA is not ready for production (or sale). But I thought I would post results of this version to see if it can pass the milestones I have set for it.

Signals available here if after a month or two, it is doing well, folks can share. https://www.mql5.com/en/signals/331362

I have decided that I will not be selling the EA. Too much work for tech support with too little reward. I will focus on trading and improving entries while providing signal service. Signal account will remain trading at stated lot sizes so anyone with the proper account balance will benefit.

https://www.mql5.com/en/signals/331362

In preparation for the upcoming release:

Leverage/Equity requirements - your account must be able to handle the following based on minimum requirements:

1:500 Leverage = Approximately $1000.00 per initial lot size of .01.

Potential sequence pattern could be .01, .02, .04, .08, .16, .32, 64 and 1.28 lots in order based if 8 orders in sequence used. Most trade sequences do not require all the available orders to end in profit.

1:400 Leverage = Approximately $1200.00 per initial lot size of .01.
1:300 Leverage = Approximately $1400.00 per initial lot size of .01.
1:200 Leverage = Approximately $1600.00 per initial lot size of .01.
1:100 Leverage = Approximately $2400.00 per initial lot size of .01.
1:50 Leverage = Approximately $4000.00 per initial lot size of .01.

If your account leverage and balance is not within these limits, do not subscribe to signals.