Hi Alwaysprofit,
Great, Great EA.
Please guys, if you want to reduce risk and drawdown, pay attention to the basics:
Use ranging pairs, Use a rational "Base lot", Use a realistic "Step distance", Don't overtrade with too much pairs.
Alwaysprofit,
I'd suggest a little modification to the EA (doesn't increase risk and could maximize profits):
When the EA starts trailing, and the distance between current price and stoploss, is equal to the distance between current price and TP, the EA starts displacing the TP simultaneously.
Meaning, if the profit movement doesn't retrace too aggressively, the profit will grow larger.
If it retraces aggressively there is no problem, because we still have the normal trailing stop.
Thanks
LV
Great, Great EA.
Please guys, if you want to reduce risk and drawdown, pay attention to the basics:
Use ranging pairs, Use a rational "Base lot", Use a realistic "Step distance", Don't overtrade with too much pairs.
Alwaysprofit,
I'd suggest a little modification to the EA (doesn't increase risk and could maximize profits):
When the EA starts trailing, and the distance between current price and stoploss, is equal to the distance between current price and TP, the EA starts displacing the TP simultaneously.
Meaning, if the profit movement doesn't retrace too aggressively, the profit will grow larger.
If it retraces aggressively there is no problem, because we still have the normal trailing stop.
Thanks
LV