Hi Trader,trader689 » Thu Oct 14, 2021 8:36 pm wrote:Great many thanks for the share Leon, will set it up to test this weekend. One of the issues with your previous settings were occasionally open positive floating profits sometimes were not being locked in and consequently pips were given back. Has employing Sharky mitigated this somewhat?
P. S. Could you please also share your templates if possible
thanks, trader
This is a culmination of many exits tried by me over the years with my system. If profits were given back then it is because it did not work for you or for me and this is why I have been tweaking. I have not found the holy grail yet, if anyone has, please take me out of my pain I have run the tweaked setup for a month and so far 2700 pips in open and closed trades. Is it because Ea's generally perform well this time of the year? I don't know. I have to take it through its paces. My idea is more for longer-term trades and I prefer to have exits with my veto signals which are responsive but not too responsive. With the trades that have closed so far, I have not seen too many profits given back. Touch wood. You can try setting breakeven at 50 pips or so if you want to lock in trades or use a jump stop. I just have not seen the need for that yet.One of the issues with your previous settings were occasionally open positive floating profits sometimes were not being locked in and consequently pips were given back.
I started using Sharky because I wanted to test Richard's ATR basket take profit, however, did not see the need for that anymore with my longer-term strategy. It is there if you want to test it and can be beneficial to you. I would rather ride the full cycle than run the risk of new trades being entered towards the end of a cycle.
Anyway, here are my templates. Have a great day,
Leon