Monday Zone Break Out EA

Post by **milanese** » Mon Mar 17, 2014 1:20 pm

tibochina wrote:EA worked beautifully this morning opening 12 trades. So far so good......

Good, that it this week works

Cheers

Tommaso

mirador · Post by **mirador** » Mon Mar 17, 2014 11:48 pm

tibochina » Mon Mar 17, 2014 8:18 am wrote:EA worked beautifully this morning opening 12 trades. So far so good......

Wich version ?

Post by **tibochina** » Tue Mar 18, 2014 12:10 am

I'm running MondayBreakoutSR_B_6XX. I have 7 trades still running, all in profit up about 260 pips cumulative.

mirador · Post by **mirador** » Tue Mar 18, 2014 1:47 am

tibochina » Mon Mar 17, 2014 7:10 pm wrote:I'm running MondayBreakoutSR_B_6XX. I have 7 trades still running, all in profit up about 260 pips cumulative.

I had 18 trades open (6 pairs). 2 trades are still open and in profit. The other closed at BE or small lost. I use my own settings. So this week was not as good for me.

Post by **tibochina** » Tue Mar 18, 2014 2:36 am

I'm using default settings other than spread settings which I set a little wide as I wanted to give the EA every opportunity to open some trades. 3 of my trades closed at with 20 pip losses and 4 stopped out at 10-15 pip profits after the SL moved. 6 still running up about 200 pips.

Post by **tibochina** » Tue Mar 18, 2014 11:32 am

One initial observation trading this EA. The EUR/JPY trades that opened moved to a 68 pip profit before reversing. One closed at 10 pips, one at BE and another at minus 45 or so. One thing I learned from Nanning Bob is not to let your winners turn into losers. Normally I would have closed these trades and been very satisfied with a 60+ pip profit on each trade. However, in the interest of testing the EA properly I elected to let them run to better understand the EA's operation. I hope this input is helpful.

Post by **milanese** » Tue Mar 18, 2014 12:13 pm

tibochina » Tue Mar 18, 2014 11:32 am wrote:One initial observation trading this EA. The EUR/JPY trades that opened moved to a 68 pip profit before reversing. One closed at 10 pips, one at BE and another at minus 45 or so. One thing I learned from Nanning Bob is not to let your winners turn into losers. Normally I would have closed these trades and been very satisfied with a 60+ pip profit on each trade. However, in the interest of testing the EA properly I elected to let them run to better understand the EA's operation. I hope this input is helpful.

Yes very helpfull, as I am working special on the moneymanagement modul of this EA.. as I think we have here again potential..More eyes are seeing more so with the help of all here we can improve this EA..

Cheers and thank you!!

Tommaso

Post by **tibochina** » Tue Mar 18, 2014 12:40 pm

Tommaso, another update. 7 trades running in profit over 330 pips. Again, if I were trading live I would be closing some of these out and be very pleased with a significant profit.

Post by **milanese** » Tue Mar 18, 2014 12:43 pm

tibochina » Tue Mar 18, 2014 12:40 pm wrote:Tommaso, another update. 7 trades running in profit over 330 pips. Again, if I were trading live I would be closing some of these out and be very pleased with a significant profit.

Yes , I see your observations are very helpfull. I think I will change the money management with the next version, embedding the price movement in the sl movement..

Cheers

Tommaso

Post by **tibochina** » Tue Mar 18, 2014 12:59 pm

I am attaching a screen shot of the GBP/AUD trade currently running in profit about 140 pips. Notice two trades opened with one moving the SL to BE the other did not. Up 140 pips I would think we would want a SL with maybe 100+ pips of profit locked in at this point in both trades.