Tuesday April 18th
Update from above: I mentionned that I removed the Peramaters of Trailing Mode to off (because it was closing trades before they were in profit)...but I turned on Equity Trail Mode: WHAT a SUCCESSFUL strategy!
I had USD/JPY go 6 trades deep into the scalping mode before reversing back up, so when it finally turned, it was locking in at first 2% in profits, then it went on to lock in 5.21% in profits...so I am definetely loving the Equity Trail Mode!
I did make some more adjustments to the paramaters this morning. I switched Virtual trades back to 2 (I had it at 3...but was not seeing any trades go through, so I switched it back to 2). I did however change the Next Pip to 10 instead of 8 (I am thinking 10 pips away will be more conservative then 9), and I also switched it to purchase on NEXT CANDLE...not during a candle...I figure this will also be more conservative.
All in all, very good EA with some tweaking. I am going to continue to experiment with different parameters for a while. I do want to try and break the EA while at the same time be as conservative as possible so that I protect profits.
Next tweak I will look to trade it on the 30 minute charts vs the 1 hour chart (looking for the differences), and I will also add a DO NOT Trade when DD is around 25% and see how that goes...stay tunned!