Started a new ea on a live account today. Just 2 hours before the pound moves from $1.26 to $1.19 in 20 seconds. Link to the account below.
Agressive Scalper
The stoploss and take profit on this system is dynamic. It is set using Average True Range.
The stoploss worked fine on GBPUSD(still a little too far). only lost $35. But EURGBP, was not set correctly. lost $234 on the EURGBP trade.
The downward spike on the pound was at the start of the Aussie session. Which should be one of the quietest trading times. So it was very unexpected!
I did a few years of backtesting and a few months of forward demo testing on this ea. Never was there a spike like this before at this time of the day.
Luckily i was able to buy near to the bottom of the spike and actually turn a profit for the day. Lucky i was watching when it happened!
Not having proper a proper stoploss set was totally my fault. The money management /risk settings adjust the lot size based on stoploss(ATR). I knew this but just upped the risk to make it more aggressive. Really stupid thing to do!
I trade this system pretty much on autopilot. Although I do watch it trade as there are times when manual input makes it more profitable.
Anyway… Just day 1 
Do you mind sharing your system, I’m new to EA’s / Trading forex & would like to study said system :::
yeah, sure.
Entry/Exit uses Linear weighted moving average and RSI
When price is above SELLmoving average and RSI is above SELLRSI level we sell. When price is below BUYmoving average and RSI is below BUYRSI level we buy.
I trade it as always in the market (close buy, open sell,close sell open buy). It closes trades on opposite signal.
Take Profit is obsolete, except to catch a large movement in your favor.
Stoploss is only for a large movement against the trade. (was important on Friday morning)
Best to only trade on a very flat market. Wait for the market to settle after US session. If it doesn’t settle, don’t trade.
Use a broker with tight spreads.
You dont need an EA or indicators to trade like this system manually. Just watch on a m5 chart. Price should oscilate up and down every 20 mins or so. Just buy high, sell low. You will never get it perfect. just have patience.
Very nice, I sat out trading today, just got distracted with work
Thank You,
I’ve also bookmarked the thread “A simple guide to code your first EA” where you commented , will be working through it in the next couple off days :::
