This is not going to be a profitable autonomous trading stream over long periods of time.
The back testing shows a 92% drawdown with a 24% model quality.
The EA is not going to produce a reliable profit in it's current condition.
After a week of thorough testing and another week of live trading, one can conclude the following:
1. It works!
2. You need a great broker and VPS..
3. A minimum of between £2500 and £7500 equity is advised
4. A single pair (fixed spread) and preferably non-USD.. (EURJPY is best).
5. Initial risk should not exceed 0.01 lot
6. Lastly keep a close eye on the charts and fundamentals...
Generally speaking Angry Bird (and similarly Ilan) is a great EA with many inputs that I change often on the fly. For instance, when the market appears to trend strongly then a wider range (default pips) is strongly recommended to avoid excessive positioning before a correction or, better, a reversal.
It would be nice to make default pips a variable according to volatility. Anyone any ideas?
good & safe trading
Made this, works well! Until a few days ago, must have added a line too much i guess... Works now only when i close and restart the platform, any idea's where to look for that?..
By the way, the trailing and modify stoploss, doesn't work, something wrong too…Doesn't matter, is profitable anayway!
4 or 5 digit broker, i think you know which one..Give it a try, didn't let me down for more than 2 months now.
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