New EA USDCHF M5 ONLY
- Thread starter iw2ktl
- Start date
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- Tags
- expert advidor for signal gain
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Not loosing - but only a littel profit - using many trades
Does not trade. Can you extend the term of use? I didn’t even see how it works.
Night scalper trading between 22:00 and 4:00. Running live demo week of 9 Jan. Typical night scalper results with small but consistent profits of 2-6 pips per trade. Trades well in small ranging market. Two key areas of risk will be:
- How it handles the 0:00 to 1:00 time when markets are essentially closed. Spreads can get real silly in this time (as in will go from 2 pips to 40 pips in a heartbeat).
- How it handles drawdown (trend rather than range), at what point does it take the hit and close the trade.
Default SL is 65 pips which will cover most spread variances. Losing trades seem to be closed well before the SL is neared but only if price retraces close to the open price. If it doesn't retrace then what happens? If left to hit SL then ea will not be feasible (profit 2-6 pips, loss 65 pips). If ea pulls back the SL to say 5-15 pips after the spreads have gone back to normal (and has good win/loss ratio) then ea has potential.
Testing continues. fingers crossed that one loss doen't wipe out the profits so far.
- How it handles the 0:00 to 1:00 time when markets are essentially closed. Spreads can get real silly in this time (as in will go from 2 pips to 40 pips in a heartbeat).
- How it handles drawdown (trend rather than range), at what point does it take the hit and close the trade.
Default SL is 65 pips which will cover most spread variances. Losing trades seem to be closed well before the SL is neared but only if price retraces close to the open price. If it doesn't retrace then what happens? If left to hit SL then ea will not be feasible (profit 2-6 pips, loss 65 pips). If ea pulls back the SL to say 5-15 pips after the spreads have gone back to normal (and has good win/loss ratio) then ea has potential.
Testing continues. fingers crossed that one loss doen't wipe out the profits so far.