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RickD
Wolfe Wave Forex Robot
in
Trading Systems
May 12, 2012 at 15:25
1-st and 2-nd trades closed at GlobalProfit$ and 1-st trade of new trade sequence opened (because the last pattern is Bullish pattern and we are within LastSignal.Expired.Bars after point 4).http://www.myfxbook.com/files/RickD/ww_ex3.gif
Wolfe Wave Forex Robot
in
Trading Systems
May 12, 2012 at 15:23
If tp is not reached and the market goes downwards, EA opens 2-nd trade.http://www.myfxbook.com/files/RickD/ww_ex2.gif
Wolfe Wave Forex Robot
in
Trading Systems
May 12, 2012 at 15:22
How does EA work?1-st trade of trade sequence opened by the cross of price and the line 13 +- spread.Initial target is point 4 - spread.http://www.myfxbook.com/files/RickD/ww_ex1.gif
Wolfe Wave Forex Robot
in
Trading Systems
May 12, 2012 at 09:51
Please see the image. After point 4 is confirmed, the indicator draws points 1,2,3,4 and lines 13, 14 and 24.In the future 2 events is possible:1) the market goes down and crosses line 13, this is the signal to Buy2) the market goes up, proportions of the patterns is broken and the pattern is cancelled (lines and points erased)http://www.myfxbook.com/files/RickD/ww_p4_yc.gif
Wolfe Wave Forex Robot
in
Trading Systems
May 11, 2012 at 13:38
Your risk is 3 times bigger than ours because our initial balance is 10K.On 3K initial balance you should keep RiskRatio = 0.1, so the lot of 1-st order will be 0.01.Optimization of entry point is not very effective challenge.According to our observations if the price goes below line 13, takeprofit then shifted from point 4 to line 13 on market pullback,so you need to optimize GlobalTP simultaneous.
Wolfe Wave Forex Robot
in
Trading Systems
May 10, 2012 at 16:19
What is your initial AccountBalance and what RiskRatio value do you use now?How to reduce the risk?1) Decrease RiskRatio option, you may set it to 0.1.2) Increase distance between trades: Dist.RangeMultiplier and Dist.PipsInc options.3) Change GlobalTP$=60 and ExtraGlobalTP$=10 options to highest values.4) Change LastSignal.Expired.Bars=150 option to some lowest value (100 or 50 or ever 30)5) Decrease Lot size of every level.6) Try to disable some trade days of the week.7) Try to test and apply WW EA on H4 timeframe.
Wolfe Wave Forex Robot
in
Trading Systems
May 10, 2012 at 16:19
Lots, GlobalTP$ and ExtraGlobalTP$ are default.Depo 5K, recommended RiskRatio 0.1 - 0.2Depo 10K, recommended RiskRatio 0.1 - 0.3Depo 15K, recommended RiskRatio 0.1 - 0.4Depo 20K, recommended RiskRatio 0.1 - 0.5Depo 25K, recommended RiskRatio 0.1 - 0.6Depo 30K, recommended RiskRatio 0.1 - 0.7Depo 35K, recommended RiskRatio 0.1 - 0.8Depo 40K, recommended RiskRatio 0.1 - 0.9Depo 45K, recommended RiskRatio 0.1 - 1.0Depo 50K, recommended RiskRatio 0.1 - 1.1etc...PS. If you are going to use RiskRatio between 0.1 and 1, your broker must support microlots: 0.01, 0.02, ...
Wolfe Wave Forex Robot
in
Trading Systems
May 10, 2012 at 16:18
Hello,I'm the developer of WW EA, so all the customers or members can ask me any technical questions.
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