Monday, November 30, 2009
Do I have a chance to win the trade?
Currently the series of candles on M5 to H4 indicate BEARISH while the BUY position opened by EA is floating -50 pips.
However, if I refer to Daily and Weekly timeframe... my opinion base on price action, the price still can go up for further.
p/s : EA use TF Daily signal but the entry is not sharp. It still need some modification.
Update :
There are 3 types of risk management on this EA.
(1) Lock profit
(2) Trailing stop loss
(3) Exit like manual
The risk managements above activated whenever the pips already green and the early sign of reversal(or correction) detected to protect the profit. On this case the EA use the option (3) and simply close the trade. Profit +9 pips only. As long as not loss
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