RedRhinoLab posted: not much action to see here. The BE function cuts the bad trades before getting into DD if the trade doesn't reach a profit zone quickly.
Also includes a very specific market condition that doesn't happen often. This conservative setfile can probably be refined to catch a few more pips on these signals by allowing more time to trade. The High volatility from NFP wouldn't trigger a trade with this conservative setfile while the aggressive setfile made 23% gain in 1 day.
Ever since the trade copier of Vortex Trader Pro came out the system has had manual intervention and much larger stoplosses. Now 200 Pips on those EURUSD BUY positions. Risk 200 Pips for reward of 20 pips. Maybe higher profit ratio, but big losses when they come. I should backtest VSP with small stoplosses to improve this system, not the other way around.
I reverse engineered Vortex Trader months ago, and here it is. I have a few setfiles to select and Risk Per Trade lotsizing so you know that you are risking an exact amount of your risk capital. You can select how many trades you want to enter and the distance between the orders if to choose to trade more than 1. You can even average in to 5-100 orders if you want to grid your exits.
The results have been quite profitable following the medium trend but of course its another setting that you can change within the EA. You can have full control over all the setting because this is not a black box.
You can see the backtests under my profile. You can also adjust the stoploss to smaller values to get a better Risk Ratio.
Two different basket of trades opened short on EURUSD Today, Both closed in profits quickly. I am expecting to see Buy signals on EURUSD later this week ( whether wise or not). Technical analysis follows the systematic logic that has produced these gains over the last several months.
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