My observation is that the EA does not have the problem of opening trades in the wrong direction. To avoid any market black swan event, I normally set a big SL of say 300 pips in my live trading just in case. This will also help to alleviate a major harm to my account if there is any problem with the EA. In normal market situation, a SL of 300 pips is unlikely to be hit. The position will be closed well before that by the Opposite signals.Wiggy1965 » Thu Mar 05, 2015 1:47 pm wrote:
Thanks kwchau,
It seems to me that many people are seeing confusing behavior with the EA and are too petrified or unsure of what they are seeing to make comment....unfortunately, the fear of persecution is stifling the EA's development...version 2x2 has been downloaded 88 times and I cannot be the only person having these problems....just an observation...
I have tried a number of things and removed all multi trades in an attempt to determine if the EA is open and closing trades consistent with Bob's Holy Grail strategy/Indicator... I figure if the EA is not entering the market in the right direction, then why have the EA open 3 to 5 trades in the wrong direction also....I'm also very concerned about multiple pending trades as the experience from a couple of week ago and the CHF move....I had the EA on one chart and blew up a demo account with 4 pending being entered too early due to spread blow-out and exit well past the stops due to lack of liquidity and shonky crim/liquidity provider actions....what would happen is it was a GBP or USD move and the EA was on multiple charts.....so, if we want stacking i think the EA should control this if possible, and place them in controlled circumstances, e.g. spread check/max slipage....Not just set pending which place them on the brokers servers and expose the trader to risk....
I really like this EA and i hope we can collectively sort out some of it's undesired features...
Wiggy
I think this EA should be profitable in the long run.