With market what is now I found some interesting things. I think it could be really profitable EA, but : a) you can't trade during high important news b) you can't trade during not important, but several news in shot period of time c) it not working profitable for 24h AUTO TRADING; d) it working with some MANUALLY closing trades e) it work different during Asia, Europe and USA trading sessions (you have to check yourself what is results during different sessions) f) and one interesting thing I have found today. Don't know if it is important, but I have check at least for last two days - it confirmed what I have noticed. Will later check for last 2 weeks results. I am trading live and writing down all my trades. So I am using MOVING AVERAGE (SMOOTHED 100). And if trend is BELOW MA(1min) and is opening trade with BUY it is MOSTLY probably will be profit. But if trend is BELOW MA(1min) and opening trade with SELL is more probably will be LOSS. The same situation if trend is above MA it will be probably profit if trade will be SELL and with BUY probably will be LOSS. Can't say the situation in %, but will check in near future my results for last 2-3 weeks. But this is not working if you are trading during NEWS, during news there is very big movement and sometimes big spikes and it is very easy to hit SL. So if it shows that probably will be loss it is better to check and close manually trade with minimal loss. I am using SL 25pips. trailing from 3pips, lock profit 1.5pips. Trailing step 1pip.
I am trying to analyze all opened trades, writing down and checking all situation why it was profit or loss - and at this moment with such market I came to the conclusion - YOU CAN'T TRADE 24H ONLY AUTO, YOU HAVE TO CHOOSE BEST TRADING TIME WITH SOME MANUALLY CLOSING. Maybe Misty or other developers will not agree with my opinion. But they can't show stable profitable trade for LONG PERIOD TIME. And I can see that it can be profitable and my analysis for CERTAIN trading time for last 4 weeks are stable profit.
I think even it is possible manually trading with such idea. If price is moving away from MA (SMOOTHED 100) at least at 7-10pips it is possible to open manually trade towards back to MA (SMOOTHED 100). But there should not be any high important news at leats a several hours and there should not be big downtrend or uptrend. This is just idea for scalping for several pips. Everyone could check this idea on MT4 with this indicator. And it seem one thing - if price moving away from MA (let say) 10-15 pips and starting to reverse back to MA but it does not reach at least very near MA and again moving away from MA - it could mean that starting some more BIG TREND. So avoid such moments, and wait till price will return to MA and again wait situation when price will move away from MA. Maybe it is better to trade with also support and resistance lines, Fibonacci channels. It is up to you. Just idea for checking how EA is working with this indicators and also try to trade yourself. I am not trading expert. This is just idea
Who used in the real account? Can you upload a screenshot to see? I do not understand EA's setup. The difference between backtesting and real trading can be significant, even with 99.9% of the model's quality.
Message from Forum Admin: This user is banned as this is a same person as Joshua Allison, Misty Horivak! Banned because she cannot provide decent support to her Forex robots. When people asking for help she calling people stupid, idiot and all kind of names. Do not buy Forex robot from Misty or whatever is her name!
We know from a fact and the data produced from the FX markets that traders are very good at speculated profit and finding the trades that make the gains but ultimately they finish on a loss because they never know when to stop. When you think that you can’t miss read an entry signal or a chart and you just keep riding that high that is when your worst loses will come. Really buy any e-book on any trading on any commodity in the world and the message will be very clear: always cut your losses early and just run off with your profits. But we always let emotions get in the way and think we can just roll the dice one last time! But remember this is not Las Vegas, there is no luck involved in Forex trading if you do it right and follow our way then you will make mega mega profits and come out with the wins every single day of the week.
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