Hi WHale, I saw your signal and I think it's good so far. But I also have some questions about your EA.
1. Can you briefly explain what strategy the EA use?
2. I found that your signal opened an increased lot trade every 10 pips, if it goes in the opposite direction. So, does the EA works with virtual stoploss or any other measure, because it is quite dangerous if news impact, the price could surge or plunge 100pips.
3. The Expert advisor return is quite low, maybe can aim for 5% to 10% per month?
Hi
1. papa Gold is based on a sophisticated manual trading strategy which contains 12 criteria factors that must be met to open a trade.
In a nut shell, it based on a flat price algorithmic recognition system which takes into consideration a lot of factors to enter the market with a laser sharp accuracy ....
It's definitely not a "hit or miss" erratic EA like a lot of free and commercial robot out there .....
2. A particular part of the EA does work with a sophisticated martingale approach which increases the lot in the direction of the trend .....
Again, it's not like other EAs which use the martingale in the opposite direction of the market hoping for the price to come around in their favor ....
Do you see anything dangerous while watching the EA performance cause I don't .....
papa Gold has a news filter implemented by the coder .....
3. The expert adviser return is quite low ?
Did you see the initial deposit of the demo account ....
Please redo your math .....
The two present versions of the EA are plus 6 regarding the profit factor which is going up every day of trading .....
It can easily make much more than 5 -10% monthly .....
My aim is to make anything between 20 -40 % on a monthly utilizing an extremely low DD which is one of my main concerns when it comes to algo trading ....
Thanks for your interest .....
Cheers
P.S As I am writing these comments, papa Gold Pro made 8 consecutive wins and raised the profit factor to 6.39 ....
