before we talk about this EA, i want to introduce you that this EA is based on the methode at this link
and this EA is born from our friend MASA9390.. so i named this EA onto His name
anyway, i post my template methode here, so if you all make a backtest with visual mode you can see what my methode is.. this EA make a good entry,
and this is ALWAYS PLAY EA..
unfortunattely if we use only CUT and REVERSE style, we miss lot of pips and maybe this EA won't profitable anymore
so, because i'm not good programer, i try to find help from people who has it
IMHO this is what we need for this EA
1. this EA should open 3 Position at a time
2. if you use 1 standard lot, so it could be 0,3 lot each
3. 1 position follow cut and reverse style (LET it RIDE)
4. 1 position should grap pips by using tp 50pips at GBPJPY and EURJPY
5. 1 position using trailing stops about 50 pips. IMHO in GBPUSD
6. LESS LOTS = LESS RISK = LESS PROFIT?... we can add MM, it will increase lot as our equity rise and vicaversa
i use INTERBANKFX as my BROKER because its broker time is GMT 00
sure you can chose your tp, trailing, it's all up to you
try to backtest that EA and look at VISUAL MODE.. i believe you will understand what i mean.. and do't forget, load this methode template file
this is FOLLOW TREND EA, look at the chart please..
Masa9390_PIVOT.mq4 ====> EA
How would one specify three mini-lots?
Also micro lots....I'm assuming this is not the finished version if I understand correctly. Unfortunately I'm not that advanced in programming just real simple things. Sorry but I can't wait to try it. Thanks Stevenali...
yes.. it's not final EA
and i do not have skill at programing too,
in my observation using 3 mini lots from january-august 20007, it make 50% plus
rising our account, using CUT and REVERSE style
but so many opportunities gone because after price move 60-80 pips, it reverse and make us lost
so i mean... this EA need 1 open to using CUT and REVERSE style
and at least 1 open using 50 pips target.... it can reduce DD, and rise our equity,
the scenario is if price move up to 60 pips and reverse, then we collect 50 pips and lost from other open position....
and its easy for gbpjpy...
you can see... i almost 1000 pips in 5 days using this methode....
Looks good, I am going to run it in my live account at ibfx.
If you "collect 50 pips" there will be days when you collect 0 pips and get double stoploss.
My TZ-Pivot EA - problem
The problem with this EA will likely be the problem with most EA's.........keeping it out of a ranging market. I love the concept though!
i need a veeeeeeeery simple system. but i cant do it by myself
i wasted 5 days but at the end iam not able to prog this simple system.
okay here is what i need:
Pivotpoint @ daily
entry @ 5min chart
open long if 5min bar close above dailypivot
close long if sl -10pips or entry short
open short if 5min bar close under dailypivot
close short if sl -10 pips or entry long
somebody please be so kind and help me.
big thanks anyway!
( sorry for my bad english )
thats right. so we need to increase the profit by let winners run!