As we see - the stop loss value should be more than 50 or 70 pips (4 digit pips) just for sure. may be 100. In comparison with Braintrading - we see that I lost 30 pips today but with this Channel system we can lose 100 or 200 easy Buy the way - this Channel system may be very profitable for some market condition (I traded it live similar setup M5 timeframe). But initial deposit for this Channel system should be much more highier than 500 dollars. We can trade BrainTrading with 500, or Brainwashing with 500 or 400 (Brainwashing is less risky than BrainTrading) but we can not trade such a small deposit for this Channel system.
As I remember - EA was created based on this Channel system:
- Original thread is here.
- desription of the system is here.
- description of the parameters is on this post.
- the settings for 0.11 and older versions - this post.
Specifications window 3 indicators can share? Thank you!
It is channel system for M5 timeframe from here:
The thread is this one:
Thank you for your reply
I need this indicator
Indicator is here:
Trend direction & force index
Improved version of this indicator:
Trend direction & force index - smoothed
Thank you very much
Updated on 28th of April 2011.
Advanced Elite section update.
TSD BrainTrading Stochastics system (advanced elite section) is on this post. It is improvement of BrainTrading Semi-Manual EA for M30 timeframe system located in elite section.
Just for information.
It is interesting about how forex news is affected on the price movement:
Just some trades today with this semi-manual system.
Stop loss/trailing stop is very small because I adjusted it to move according to BrainTrading1 indicator's line on the chart (in EA's input).
What I mean - we can see here:
It was loss for USDCHF now but just 5 pips only.
because stop loss/trailing stop is very small - we will never have big drawdown with this system.