This is a test of my own personal EA. A friend/mentor coded it for me. So asking me for the algorithm won't help any b/c i truly don't know, :). I do know there is no hedging involved or martingale. I also plan to sell this ea. I want to do a full 6 month demo forward test first! Unless someone just wanted it right now. I honestly wouldn't advise of it, since i just got it yesterday myself. But, if anyone contact me and say *I'll make you an offer you can't refuse* Then i would certainly take that offer :) Honestly i wouldn't sell this at all if i didn't have too, but i have no trading capital. I would be testing this live if i did. anyway,.... So to make myself clear...i do want to sell this EA, but i advise we all watch it in demo first, for a few months.
Oh this is a trend trading system by the way. I'll try to answer any questions you have. I also just recently decided not to sale this EA, i'm going to do signals instead. Anybody know a good signal provider.
Alrighty first up! Ok, let me tell u first i'm still an amateur at forex...but i'll try to answer your questions to the best of my ability. Yes my friend/mentor coded this EA. Not for me specifically. Its his strategy, and 3 other people unknown to me has this EA. Just not the same version. I also had another friend of mines to modify this ea to fit my needs. I know nothing of coding by the way. I just ask to add a few things and he did. Now its x10 more profitable than my mentor/friend original version. To the best of my knowledge its based on indis, and for a fact trend based. I can't do a backtest because this is not a fully automated EA. And...looking up top i see i have it as automated (my mistake i'll change that in a min). There is a human factor. Since this baby has no stoploss you have to watch it. And yes i did say no stoploss...so yea...that may scare some of you away, lol. But, i dont blame you honestly. I have an indi that tells me when to close my trades. And yes you can limit the amount of open trades you can have at a given time. But i'm an aggressive trader! Set up more demos u say? Well i can...but then that'll be more accounts for me to monitor since this is a semi-automated strategy. But, ok. I'll try to demo several brokers. :)
Doubletrap i would rather not, since this trade better without a set stoploss. I just starting testing this a few days ago, and i'm starting to get the hang of it. I just downloaded a close all EA. And i've tested which pairs work the best, what time to trade. Lets see if i can improve my win/loss ratio. And improve my drawdown ratio. Alot of those losses were sort self inflicted (traders error if you will)
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.