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Hi, I'm currently doing a modified X3 Retrace. Here is my settings:
Paste this to your Set folder and will need to put your username in the username spot if you want to activate this strategy. I'm still playing around with this, so can't guarantee profit yet.
I am trying to set up X3 with a floating TP (for all charts) at 2%. I also set floating SL at 2%. The idea is that if the EA is at least 75% accurate on its trade selections I will be statistically ahead. I keep my risk at 2% of equity so don't risk blowing the account on huge drawdown. Am hoping this works. Will post updates as I modify.
Also, hopefully Steve at FOREXFLEX support posts that Set file for this good setup on the trendsurfer once he has it done.
The EA has a number of strategies that are pre-designed. But it is very flexible for you to make your own strategies. You can set your own risk, what stop loss and take profit you want, whether you want a trailing stop and what numbers you want for the trailing stop. You can also choose if you want the program to use a percentage of either your account balance or your equity as a stop loss and take profit as well. I picked up the EA while it was on sale for $250. It's make its money back so far and so I'm happy with it. The rest is just bonus.
The strategy that they are still fixing is the Trend Surfer. For some reason the trailing stop doesn't kick in on trail mode. Other than that the EA works great. If you get it, I recommend going conservative until you understand what each of the different options do; such as pip step multiplier and all. I'm still playing around with it to see what customized strategy gets the highest win rate.
Sometimes you get the bear; sometimes the bear gets you.
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