Micronotch_v2 EA
nice to see you again
Hi Fiasco,
Nice to see you back again.
Micronotch 1 was going quite well until the beginning of June.
What pairs do you recommend for Micro 3? Also 1 min TF?
Hello retro,
Any trending pair will do (EU/US, GB/US, etc) and 1M time frame is recomended. For v3 you should have a balance of 5000 to 10000 but v2 can start with 500 to 1000
Some forward test results would be great 
Thanks
change
Fiasco,
Could you tell us what's changed from V1 ?
Some details
V1 is a Martingale method of trading. The disadvantage, of course, is a huge loss. By this I mean that Martingale EA's seek to have no losses by "doubling up" after losing trades, until the market turns and recoups all losses and then some. But of course what happens if the market doesn't turn, pretty soon the "doubling up" wipes out your account unless you have a fat balance to withstand such a large drawdown and this is the case in all related trading methods.
V2 & V3 does not increase lot size and closes trades in profit. Both versions have Stop Lose and can be adjusted in v3 to meet your risk appetite. Change the Close_immediately value to True if you want to close all orders on Friday or at any time and start over.
Forward testing will be posted next week.
Updates
Updates posted on first and second posts..
forward-test
Updates posted on first and second posts..
hi, i think that working with martingale is too much dangeroeus
i recomended forward test with v2/3
it's better lose 1 order than lose account ?
giapel
hi, fiasco
i' ve attach ea and i 've saw expiration date 2007.08.08 
why? can you explain me about ?
giapel
giapel,
because other versions and updates will come and old versions should expire.
giapel, because other versions and updates will come and old versions should expire.
hi, thank you for sharing ea and next version
i am starting forward test this evenig with default setting on fxdd-gbpusd 1m
p.s.: does ea uses comment so that i can attach different ea on same account ?
regards
giapel
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
No matter where the market is heading we are always going long. This EA is for the conservative trader and should be safe to trade. A more aggressive version will be released later with higher risk and more profit.
Instructions:
Place EA on 1M chart for GBPUSD or EURUSD
USE AT YOUR OWN RISK.
Update: 30.06.07 changed LotSize to 0.1 for testing, added option to halt trading and edit SL
Update: 04.07.07 some options added to v4
Update: 17.07.07 version 5 attached
Update: 22.07.07 Version 6 attached