I have a M.Avg. EA.
It merely uses entry signals and allows the transactions shut on SL or TP.
With it the normal manner, enter when MA moving up etc. .... The equity graph points down.
Therefore, I reverse the EA to buy when supposed to sell and sell if supposed to buy.
(SL AND TP ARE BOTH SET TO 50, and I also tried 47/50 to take into consideration three pip spread of GBPUSD)
Why doesnt my equity line point upwards eventhough the EA is inversed ?
Isnt it supposed to be reverse ? TP's, as my TP became SL's and SL's became.
Earlier SL's were hit more frequently. Shouldnt TP be struck ?