Hey guys,
I have been running a system since May 2015. It is an EA. I re-optimize it monthly on the weekend. It runs on 9 Pairs. For every 1000 the lots should be set at .01. Also i don’t allow it to take more than three trades per pair. Each trade has its own stop loss and take profit that is calculated by the optimization process.
I also try to avoid news events. So when there is an interest rate decision coming up i will move my stops or close out the trades or prevent them from being taken to avoid the news risk. So far it is up good and when it got to 3000 i could have upped the lots to .03, however they are still on .02. The first two months lost money while everyone since has made it.
One strange thing i noticed is it only seems to take shorts on these pairs, at least so far. However in the optimization process i can see that it sometimes takes longs. Perhaps the indicators are just saying only take short positions based on the current charts? The indicators used are a fast and a slow EMA. As well as an RSI. They are customized with the optimization along with the MA Periods. The RSI level is also customized. The only other parameters i change are the SL and TP.
Also i use a close all function to close all trades if the profit gets to 200-250 on a .02 lot size. Haven’t decided on which one to sue yet.
What is everyone’s thoughts on this system? Any help or comments would be appreciated.
Mt4-36581 System by NathanForrester | Myfxbook
Thanks,
NScrilla
