Well, it's almost six months later and I am still going strong.
Maybe it needs some work in the sl area, but I believe there is merit to the system. Yes the RR ratio is maybe not of the best, and it takes a bad trade here and there where manual intervention is required to hedge etc, but overall this is the first EA that makes it so far on my real account without being trashed.
I want to start making money with this. I had a look at being a signal provider (as this would be easiest) but the tp is too small. So I have to look at either selling the EA - which is a resounding no-no or offer a pamm service.
A bit about the system :
It only trades 5 pairs. I have done 99% backtests on many pairs and only the select 5 produced favorable results. I have cut out certain sessions and days to reduce the risk of reacting to false signals. If in the event it does, I will look at higher timeframes and make a decision whether to hedge/get out/ride it out.
I am not a newbie trying to make a quick buck or thinking forex will make me sip pina coladas on the Bahamas.
I know markets can change and render the EA absolutely useless in time to come, but this has not happened in the past decade and doubt it will in the future. The EA is not based on technical indicators, or reliant on other information to trade - it makes it's own trading decisions based on price action.
I know there will be many posts that will dissect my account, as I say - I know it needs work, but feel the basic groundwork is there.
I am hoping for partnership in this venture. Someone who can bring knowledge to the table and help set this up. Perhaps start a joint pamm account or something. PM me with why you feel it should be you.
Let the comments begin!