leeb77
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Posts posted by leeb77
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thanks Nifty that would definitely add more security even if just psychologically
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Can we follow your signals or learn more about the method on a long term basis? Thanks
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If we see good results would you be prepared to teach the method?
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Thanks niftymover will be following...
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you can block an IP address through your router/modem config
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Hey guys, thanks for the share, the EA looks promising but if you backtest over a long period of time (I tried from 2000) you will see it will crash and burn, if those market conditions have happened before they can happen again.
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can anyone reupload? Link is broken, thanks
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Can anyone reupload? Thanks
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Average winning pips 0.26? Can anyone explain?
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any info about exit rules? he seems to use a fixed tp?
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Thanks, do you have the software?
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If you look at the lot size increases it seems like martingale, also I backtested and would stay away from this EA personally - too high risk
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We'll soon seen this thing blow the account in my opinion - just a matter of time guys please be careful if following I would agree with theozaki and use much smaller lots
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Here you go - this and many more indicators.... http://www.megaupload.com/?d=YTPMQ7TK
- chetachukwu and dhinesh89
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If you're thinking of using any indicators based on volume in MT4 or the spot forex market be very wary as no true centralised volume exists you may want to look to the futures markets
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Alten91: If you don't see the value in what I've shared you may have to learn the lessons the hard way from the markets... just appreciate people showing thanks as I do to everyone recpirocally also.
JBest: Thanks for the feedback but if I shared everything at once it wouldn't be digested.
OK guys next - how do you make your strategy last over the long term? Well you could try optimising an EA for situations when a certain criteria is met - eg: filter that previous price bar has to be a certain length, or code in Average True Range for TP and SL levels, I have found that fixed TP and SL don't work over the long term as they don't adapt to market volatility.
The info right there could cost you thousands to learn the hard way, please digest it and give it some consideration.
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CiDER - yep many valid points there, I wouldn't go as far to say as automated trading doesn't work but it is so important to get a accurate backtest, what often happens is a backtest looks great - especially in Metatrader, you go live with it and it doesn't work out, if a strategy is succesful manually there is no reason it can't be automated but backtesting is key. I appreciate the problem of converting MQL code, what I suggest is take a simple strategy, eg: Moving Average Cross and backtest on Sierra or MultiCharts or another tick accurate platform, look at the optimal values and use these in MetaTrader with the same basic strategy. Simple systems really are the way to go for long term profits. Price action is key. I use a combination of manual systems and automated trading, I would love to automate my manual system but coding is too complex even with my background in this area.
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Also consider carefully this very important point which is another reasons many EA's don't work long term: Indicators are just an abstraction of price, price is the purest element to trade.
- CiDER and ⭐ musketeer
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Guys please keep clicking thanks, I always try to do this why I learn something from a poster.
The holy grail ...... Trade with me for more then 100 pips a day.
in Technical Analysis
Posted