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New EA Amenothes EA

WARNING!!!!

I dont think the EA liked the on/off, it started launching more marty levels very quickly! I have stopped it and closed trades. Left a few to see if price recovers.

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Everything closed, massive hits (high lotsize), thats the fun of testing.:)

New start: v1.7, H1, 9 pairs.

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As requested earlier by Wanted and I, Can you put the pair entry (28 slots) in the EA and make your choices the default? Don't worry about the backtesters...we are forward testers here..

ES

alcazard said:
Bad timing to launch Amenothes EA

NZD sinks into black hole, EUR and GBP are struggling

Flex EA and Mitra are also in a whirlwind

I will change the logic of entering the EA and reduce the number of pairs
Click to expand...
 
Last edited:
Alc, good things to think/look into when trying to make a better entry when using RSI with BB are MORE confirmations.
By that I mean; RSI Divergence and Price Action/Candles.

As we all know, forex is not as simple as using a strategy and making millions. RSI / BB is just another strategy that shows current price 'situation' at the moment.
A pair could stay within an oversold/overbought zone for hours/days/weeks. And thats the tricky part. It's easy for me to say, but coding it is a different ball game.

Regards
 
I test different input parameters and adjust the step so that the EA does not keep the positions too long time.

Putting all the pairs on one chart is too much for me to do, sorry.

My tests should still take a few days, but one is doing fine.

Version 2 will come soon

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Hardly much movement today, will keep these open, but may manually close all tomorrow, if nothing much happens.

Stay safe all.

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ElectricSavant said:
Alc,

How does the Martingale Progression work? is it 0.001, 0.02, 0.03, 0.05......?

Es
Click to expand...

Depends on the initial lot

The prizes are increased by X1.66

You take your starting lot, multiply by 1.66 and round up to 0.5 and down to 0.49.

An example: You start with 0.1 lots. 2nd will be 0.05 x1.66 = 0.083 your position will be 0.08 lots, 3rd will be 0.083x1.66 = 0.1328 your position will be 0.13 lots

For a start at 0.01, this gives 0.01, 0.02, 0.03, 0.05, 0.08, 0.13 ect
 
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