I also got 4 (2 buy and 2 sell) trades on Friday too with a total of (12 + 12 + 7 + 7) 38 pips. The 5th trade was still active when the market closed for the week. The active (5th) trade (a sell trade) is currently at +21 pips. The stop loss has moved to a more comfortable point of +12 pips so even if the market behave unexpectedly, there will be peace of mind.
Please note, I was able to make the 4 trades because the EA was active throughout the whole 24 Hrs.
And finally, I am still trading on a demo account. Need to be very confident of the EA’s performance before trading it on live (I have lost enough money on forex already).
All-in-all I say good job to Moripre and well done to everybody here. I appreciate the commitments and contributions of everybody here in order to make sure that this EA becomes a successful project.
@Morimpre … Thanks for your reply,I have downloaded all stuff and registered too.
I do hope to contribute more on the forum.
I do a lot of testing on EA’s and Indis for now.
We see how it goes from tomorrow.
Cheers Mate.
I have been out for this week but let the EA running and found interesting results, some loss, but one 750 profit. The week result 101 profit.
I would like to attach the image but it is not working.
@ Nicechap… No worries mate…you got company here…LOL
I burnt quite some bucks on forex too,so am on Demo all through and through now.
Until i can get some fund to start afresh again.
All the best.
Hello, it seems that the open trade on Friday has gone further in our favor and up about 50 pips. Once the market opens, please make sure your SL have moved to lock in 8-12 pips, some of you may choose to close out the trade for the 40-50 pip profit, other may wish to let the EA do its thing. Again, the EA is designed to follow behind fractals by 40-50 pips so if this is a big down trend it could get 200+ pips.
That’s great news. How do you find these things out? Can someone explain why there is always a gap between the closing and opening of the markets, is it because my broker doesn’t go ‘live’ until after they open?
(1) How is the value of LOT to be used in entering a trade calculated/ determined by the EA?
(2) Can you please explain more about what you mean by ‘fractals’ and how it relates to the movement of the stop loss?
Hello, if money management is set to “true” then it will automatically calculate the amount per trade, 3%,5% etc. If this set is to “false” then it will trade what ever is entered int the “lot” field. AS far as the fractals, we use these to determine key support/resistance levels and the SL moves accordingly.
I’ve been following this thread for a few days, decided to jump in and help test this out. I’ve got both a demo and live account, and I’m also trying out forexgrowthbot. Using markets.com as a broker (3 pip spread - no commission, so pretty good I think). Want to find a good EA that can do some trading while I’m at work and not able to trade the London session.
Got it set up ok, found the indicators on the first page and using the latest v 1.5 optimized for jan 6+.
I will post my trades and results - I think maybe set-up a second user on myfxbook to help track this all.
Thanks again for all your hard work, looking forward to sharing in some success!
I just started using the bot today.
It as taken 3 trades so far,2 was closed in Negative and 1 is still on and in positive.
But one thing i can say for now is that this bot NEEDS a Trailing Stop included in the Code to make it to be very profitable.
If it as had a trailing stop,it would have not got any loosing trades today at all.
Please look into this.
