I am trying something new on my account tomorrow. Dont know exactly how it will go but I hope it turns out well. I have observed in the past weeks and want to test on this account. lets hope for a good market tomorrow. All the best in your trading as well.
At long last six months testing period is over. I made a gain of 534.67%, won 63% percent of my trades, made 164910.0 pips, had an average monthly gain 35.3 percent and overall drawdown of 33.84%. My best month made 115.87 gain. my worst month almost broke even and made a gain of 0.89%. I have seen system on trending markets twice in this six months period and twice in consolidating markets. It needs manual help when markets are consolidating. But even if I leave it to work automatically it will never crash an account. Worst case scenario is drawdown at 35% with the current risk am using. Halving the risk from 10% to 5% will further reduce drawdown to less than 20%.
Guys adding a few more strategies to my system. Dont know how it will fare....By my algorithm it should improve performance....But time will tell. Sometimes changing a parameter introduces another error into other parameters. However am positive this will make system better than we are seeing in next six months.
Due to my busy schedule am unable to set manual trades always but I have put together a manual that indicates when to do what using this ea. Ea will be best for an individual who will take trading as a profession and has a lot of time. The market has not been the best especially because the market is ranging and not trending. Ea best works on trending market. But it is possible to identify a ranging market then set manual trades accordingly till the market begins to trend. The more the market ranges, the more manual inputs.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.