Thanks for the post. These are my current settings:
Initial Balance: 1,000 (this NOT adjusted for £)
Order Stop: 60
Target Profit: 2.53 (this is adjusted for £)
Frequency: 4 (every 12 hours which is 11am/pm on Alpari UK at the moment due to BST)
Manual Trend: False
Trend Derecttion: 0
Lot Size: 0.01
Risk Percent: 1.0
Max Total DD: 25.0 (=25% of £1,000 (initial Balance))
I am currently running the original v1.0 of the software for 2 reasons.
1. The main issues that people seen to be ahving are on accounts that suffixes on the PAIR names. I am running the EA on the same Broker as Andrea and therefore do not anticipate any issues.
2. I have open trades that are currently in a loss and I do not want to close them and I d not want to risk upgrading with the trades open, just incase v1.1 does not pick up on the open trades and deal with them properly.
I will wait for the trades to close (hopefully in profit
) and upgrade to v1.2 once it has been tested. I like the idea of v1.2 using compounding
I am not entirely sure why there are 4 trades on the £/JPY but having read the manual and Andrea's comments on the blog http://www.forexcrescendo.com/blog/
I am happy that it is working correctly. See page 5 of the user manual for an explanation of when trades are opened.
The thing I like is that it will close ALL of the orders on a particular pair, once it has reached the Target_Profit between ALL of the open trades. So the price on £/JPY does not have to rise as high as 132.577 in order to close the 4 trades. Between them they need to make a nett gain of £2.53 (plus spread, swap and slippage)
I am a great believer of 'if it aint broke, don't fix it' So I will not be messing with my setings. I am happy to let let it run for a few weeks to see waht it can do
I look forward to seeing your live account when you decide to take the plunge. Please send me a link and details of your settings?
(where abouts in the UK are you? I a live just south of Bristol)