Saturday, November 7, 2009
The result so far
The EA trade very seldom, get little pips but no loss so far.
From the above screenshot, there are 5 trades and got 67 pips at all during 1 week. It's depend on setting. I have set the properties to make EA trade safely.
It's very sensitive to lock profit, activate the trailing stop and to handle exit whenever the pips already green. The procedure to enter the market also very strict.
Next week, I may put TP=30 pips for each trade.
Thursday, November 5, 2009
Good exit point but the entry is not sharp enough
2nd Trade
Wednesday, November 4, 2009
Forward Test FullHouse EA
Monday, November 2, 2009
My New EA
It is called FullHouse EA and the version is still 1.0.
What so different between this EA and any other EA as it exist today? This EA can not be backtested by Strategy Tester. Why? Because the EA calculate the movements of six currencies, namely UJ, EU, GU, EJ, GJ and EG. While the MT4 Strategy Tester only available for only one pair.
Briefly, the procedure used in the EA is based on :
1. Candle Pattern - same procedures used by the Market Sentiment indicator.
2. Measure the strength or level of dominance of the certain currency in the market.
3. After parallels obtained, EA will select the currency to trade based on candle's entry pattern.
4. Some extra conditions applied on this EA to enter the market in a safe position (For example not to enter the trade on the highest or lowest of the Daily price. Don't chase the market) and also there is risk management to cut lose when unexpected movement occurs.
5. And one more thing before i forget. I only use the H4 and Daily Candle signal as the trend.
I thought the idea seems interesting. But so far I am still not sure whether this EA profitable or not.
I will make this blog as a forex trading journal and forward test for this EA.
Thank you
p/s : it just like poker. full house mean three of kind + one pair... :)
What so different between this EA and any other EA as it exist today? This EA can not be backtested by Strategy Tester. Why? Because the EA calculate the movements of six currencies, namely UJ, EU, GU, EJ, GJ and EG. While the MT4 Strategy Tester only available for only one pair.
Briefly, the procedure used in the EA is based on :
1. Candle Pattern - same procedures used by the Market Sentiment indicator.
2. Measure the strength or level of dominance of the certain currency in the market.
3. After parallels obtained, EA will select the currency to trade based on candle's entry pattern.
4. Some extra conditions applied on this EA to enter the market in a safe position (For example not to enter the trade on the highest or lowest of the Daily price. Don't chase the market) and also there is risk management to cut lose when unexpected movement occurs.
5. And one more thing before i forget. I only use the H4 and Daily Candle signal as the trend.
I thought the idea seems interesting. But so far I am still not sure whether this EA profitable or not.
I will make this blog as a forex trading journal and forward test for this EA.
Thank you
p/s : it just like poker. full house mean three of kind + one pair... :)
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