The excitement is building on this EA! One strange result to report: I set up the EA on an EU 15 Minute chart. It took a couple of small trades, earning about a pip in each direction, then opened a new sell trade. So far, so good, but then another Sell arrow appeared on the very next candle. The EA generated four more sell trades, about 7 seconds apart from each other, stopping at the maximum five number of trades.
I don't know if it was because it was the very next candle or if it was just a quirk on my chart. Maybe a limit of one trade opened per candle would solve the issue?
I've attached a sample GBPNZD screen from a 15 minute timeframe showing a sequence of seven sell signals in a row during an uptrend. I don't have the brain power to figure out how to avoid these short of not allowing counter trend trades, but there's a lot more brain power out there than mine, so I remain hopeful!
Interesting side note is that running the EA in multiple time frames at once may hedge against the big loss problem. I found similar examples on EU charts in which a big loss on a 4 hour chart could be offset by a bunch of small wins if you were running on a 15 minute chart at the same time, and vice-versa.
Steve, thanks for this EA! I learn more from everyone on this forum every day!
