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I think it's a great robot, with many possibilities for customization. You should be able to customize it for your own needs, and this is not easy. So I think it would be very useful exchange of information between users.
I realized that for long term success 'slow and steady' approach is the way to follow... Here low risk and small pips what we need..The idea should be getting rid of the open trades as soon as possible with profit..
So scalping must be paid attention..
Above the set file i custom tailored from default strategy aiming to scalp minimum 8-10-12 pips...It uses very tight EquityTrail settings but it sometimes scalps 20-30 pips after locking the amount i want at first place.
Risk is set to 0,1 and also uses 0.6x Hedge...
Seems safe but early to say profitable...(being tested for 1 day)
Also I'm trying to use hedging. I am very favorable to its use, but I want to understand how to use it in the best way. Your 'scalper Set 2' seems to me to have too many settings than the settings that you have to manage in flex ea. it's correct?
its correct yes you can test it on strategy tester...
I choose smaller hegde multiplier than 1 just because it reduces the drawdown but the price should retrace more pips..And the beauty of this you can manually interfere if the price doesnt retrace back..
Life is like Forex Trading. You would not get it right the first time, but with perseverance to correct wrong moves, determination to discover what works and to execute it without hesitation, SUCCESS is at hand. –OK Pinoy
Any robotic system seems dangerous to me because you can't control it personally, so you can't control your money. Which I don't think is the best option. It's better to understand the market and trade yourself, it will be more productive.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
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