Yes simply place the EA in the experts folder, close and re-open MT4 and then go to your chart and double click the EA and it will add it onto the chart and then ensure the smiley face is active.
Take a look here:
All you need is the SwingZZ, SuperTrend and Lauer indicators which are a few posts back.
For the record v1.4 is a bit of a rollercoaster, you may get huge profits one day but losses the next. The drawdown was averaging between 10% and 25%, so i would not advise continuing with that version of the EA.
I would advise everyone to concentrate on the versions of the EA Dinesh is working on. Test with that one. The v1.4 has bugs in it, which nobody will be working on fixing, so go with Dinesh’s one as he will fix bugs spotted in it.
Also the v1.4 never set the TP so you had to close trades manually or have an EA to close them.
I would prefer to draw a line in the sand with this version of the EA, any improvements, suggestions or recommendations pease suggest them so we can work on having them incorporated in Dinesh’s EA
Here is my logic if we have one trend indicator on the hourly chart and then one on the 5Min chart im hoping this would be enough to filter the bad trades since we are using both to indicate which direction to trade in.
Lets start with this and then once we have had one days forward test we can analyse the results and see what happens. It might be enough to tip the balance in our favour. Also trading with the minibars at 5 might be good also, but everyone has had succcess from setting this to 0 through 5 so i don’t think changing this setting will make a huge difference.
What i’ll do is wait for Dinesh’s new EA with the Lauer and then stick on a forward test and see what happens. SuperTrend did work quite nicely.
The Lauer on the H1 and SuperTrend on 5Min.
Simply with SuperTrend i think the EA would be profitibale running 24/7. I would of had a 30% increase on a $100 account in almost two weeks. So not to be sniffed at, so providing we can get the bugs fixed and improve profit it should do well.
Also Dinesh could you make the Lauer option a true/false so i can run two versions of your EA one without Lauer active and one with Lauer active just to compare performance