below is a summary of trades for OOTB settings
43 trades closed for a total of -892 pips, this is from day 1 so includes incorrect entries, problems with JS & SL closures etc whilst in the early development phase.
16 trades closed @ BE, 8 trades closed at +50 pips or higher, 19 trades were losers
Taking out incorrect entries and with MA stacking applied the results would have been vastly different...
23 trades taken for total +328 pips (which included 3 trades gone to full SL of 100 pips)
So, looks like MA stacking is a must have filter to have turned on...thank you Andy for your contribution of this.
Overall, I'm really happy with the direction the EA is heading and given the fact that August is not an ideal trading period for trend following systems if we can get moderate results as shown using MA stacking for the balance of the month, I have a lot of confidence the EA will produce some excellent results once there are some trends back in the market.
Moving forward I am going to run the following demo's:
1. BASA (original demo started 27/7 - I want to see if it can recover) - TP 300, SL 100, JS 50, BE+2 30, MA stacking ON, Stacking trades Max trades 6, @ 50 pip intervals.
2. BASA - (started 6/8) TP 300, SL - ATR x 2, Period 20, ATR Timeframe 240, JS 50, BE+2 30, MA stacking ON, Stacking trades Max trades 6, @ 50 pip intervals (since 9/8).
3. BASA - (New Demo started 9/8) TP 300, SL - ATR x 2, Period 20, ATR Timeframe 240, JS 50, BE+2 30, MA stacking ON, Stacking trades Max trades 6, @ 50 pip intervals.
I'll set up some MYfxbook links during the week.
My hope is that the EA can be left to run in any market conditions with the settings giving more BE's during rangebound periods with the occasional runner, but capitilising when markets are trending. The EA has shown that it has the ability to catch the move on the few occasions we've had a runner in the last couple of weeks, so looking forward to seeing how it fares now that most of the bugs are out.
Thanks Steve for your ongoing developments