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Dr Bill Finch 5 Min (By 196300 )

Gain : +34.78%
Drawdown 12.70%
Pips: 13895.3
Trades 1691
Won:
Lost:
Type: Demo
Leverage: 1:500
Trading: Automated

Dr Bill Finch 5 Min Discussion

Stead (ramsey)
Oct 08 2020 at 22:09
22 posts
how are you controlling SLs and TPs on the Dr Bill Finch?

antonyhollinwooe
Oct 19 2020 at 11:06
34 posts
Is this a short term or a long term trading strategy?

Rogerwood465
Dec 04 2020 at 06:41
22 posts
It’s a smooth graph. I want to know how you have been controlling SLs and TPs.

196300
Dec 08 2020 at 20:53
5 posts

 It runs with set TP but no stop loss. These are adjustable in the settings. Back tests showed using stop loss it loses.

 Its a long term strategy and makes money every day but can have around $2000 in unclosed trades for up to a year or more.

 As you know there is no perfect EA.

Stead (ramsey)
Jan 03 at 16:54
22 posts
Oh thank you, I see you are just running it the same way as from the seller of this EA, with the 2nd order and no SL. SO you are probably using the same prescribed TP ratio as well in dollar profit terms. I was just confused because the EA has the TP in $ profit, but on myfxbook it shows average pips of profit of all the trades at approx 14 pips.

jamesmaxwell52
Jan 04 at 05:03
42 posts
Very good trading system. What strategy did you use and how did you work with the stop loss for this? I’m interested to know more.

196300
Jan 04 at 21:25
5 posts
ramsey posted:
how are you controlling SLs and TPs on the Dr Bill Finch?


I'm not using stop loss as in back testing it lost using them. The TP is standard.
This EAs worst point is it can hold on to trades for years. You need a big deposit at least 10g
as it can have drawdowns (losing trades)of around $4000

196300
Jan 04 at 21:26
5 posts
antonyhollinwooe posted:
Is this a short term or a long term trading strategy?

I would regard it as a long term strategy

196300
Jan 04 at 21:29
5 posts
Rogerwood465 posted:
It’s a smooth graph. I want to know how you have been controlling SLs and TPs.

I don't use stop loss and tp is standard in settings

196300
Jan 04 at 21:32
5 posts
ramsey posted:
Oh thank you, I see you are just running it the same way as from the seller of this EA, with the 2nd order and no SL. SO you are probably using the same prescribed TP ratio as well in dollar profit terms. I was just confused because the EA has the TP in $ profit, but on myfxbook it shows average pips of profit of all the trades at approx 14 pips.

The tp is $1.30 for 1st and 2nd trades

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