Have been using 1.31 version of this EA for about 2 weeks and have notice that some open trades will place the TP on the wrong side of the trade thus a loss.

By keeping a close eye on the open trades will help prevent this happening by adjust accordingly.

Apart from that, this EA is the best I have come across.  I give it 110% +++ 

Like this EA alot and have made good profits from it.   But be aware that it will open long term trades with up to possible 30% DD which I have learnt to live with.  

One point I like to ask author, I have set the MaxTrades to one but will sometimes open more than one trade for each pair.  Not sure why?

I am pleased to report that 3 of the trades (EURUSD) closed today with good profit.  

After checking my history, it seems that the SL was not set with any of the trades.   When back testing with 100 pip stop I receive very poor results.

It would be nice to know how other users have got by with this too. 

If you want to use SL. You have to set UseStopLoss = true and Stoploss = your stop loss point.
Please try backtest it or test it with demo first before use your real money.

I have spent the last day and half backtesting with many and varied options and I have now concluded the best setting for the EURUSD M5 chart is with no adjustment to the settings and with with no Stop Loss.  For me, it seems the best settings are the default settings.

I completely understand how risky this is but the rewards are really good and well worth taking the risk.  I will, however conduct regular backtesting just to allow for changes to the markets. 

I hope to publish my results on MyFXBook at the end of September. 

I am finding it hard to keep DD below 35% .  I would like to see it around 10%.  

 What settings do I need to change.

With version  1.31 i was able to get around 10-15% DD.  What has changed? 

- Version 1.31

Take Profit = 50
LotExponent = 1.5
NewStep = 100

- Version 2.0

UseAdvanceTrailingStop = false
UseTakeProfit = true
TakeProfit = 50
NewStep = 100
LotExponent = 1.5

Note : UseAdvanceTrailingStop will use Indicator to close order with profit and open the reverse position after closed an order too.

Thanks very much.  

Have reset parameters to 1.31 today.  

Got excellent back testing results and I'll see how it works out with my live account.

EA will open Sell when last RSI >= Max_RSI and current RSI < Max_RSI
and open Buy when last RSI <= Min_RSI and current RSI > Min_RSI

If Profit >= AdvanceTrailingPoint and EA got new signal.
EA will close current order and open new order. You can see in the picture below.

If current Profit <= NewStep
EA will open new order with 2x lot (LotExponent = 2)
until Profit >= AdvanceTrailingPoint

Please do backtest or run Demo test first. You can adjust another settings with it.
1. Strategy (Indicator)
2. Lot (Suitable with your deposit money)
3. LotExponent
4. StopLoss or EquityStop
5. Take Profit or Trailing Stop
6. Time to start or stop EA