Thanks for helping to create the EA, i want to ask you what indicator this EA use to enter a trade?
This is the method I created, I did not find it anywhere.period.
You did not blow up your account, your account didn't even blow up, it didn't even go lower than $3,000.
It's in page 2.
i should have said it came close to blowing up.
i initially started backtesting with 1 mini lot with 10K and the account did blow during the same time period. that is when i had to reduce it to 1 micro per 5K at 200:1.
this type of ea is best traded with 400:1.
Why? what's the differnece?
The BETA2 ea doesnt use any indicator to decide the BUY/SELL signals.
Also, the ea doesnt follow your rules 100%, like it doesnt reduce the SL and increase the TP by 1pip after a loss, and also doesnt set the TrailingStop accordingly.
Ryan had made it clear in the posts that ea is not complete and he wud publish the code so that other programmers could take on the project to complete it. So unless the EA is 100% to the rules, doing a backtest will be wrong and produce false results.
i take it you are referring to the leverage? at 400:1 you will be able to open more levels as it takes less cash/margin. for example, let'ts say to open 1 standard lot at 100:1 is $1,000; at 200:1 it costs $500.00; at 400:1 it costs $250.00
Little confuse after 4 losses
After 4 losses, we must wait until the price move 50 pips up/down, the question is, what entry at 5th trade? opposite entry with 4th trade or opposite with price move? you entry with the same trade at 4th losses at your sample pic...
hope this can give you more thought