thread: tictac-nur@Zone Recovery Management EA

Can I propose an additional function? Rather than standardizing a predetermined recovery zone, Lets make the zone that the high and lows [with choice to set 5-15 or |x| pips away] of 8/10 previous bars... I think that it will work even better.

Sorry change that to Martingale with Bollinger band...

Has anybody ever thought of increasing the recovery zone and smaller number of pips? A recovery zone of 15 pips plus a target of 5 pips?

What is the point.
Within this business if your risk is too high compared with all the potential profit is far better to do not trade in any way.

quote What's the Purpose. In this business if your risk is high compared with the possible profit is better to do not trade whatsoever.

I have been doing this all day. I have a 5pip target and my ALR zone is 15 pip. I#8217;t. 4 of them were profitable. The other was closed at break even because I hedged, but I didn#8217;t make any on the loss. Please criticize!!

Concerning the above, a couple of positions early shut like I thought, because it wasn't working out. There was no volatility at that time.

I tested with all configurations and original deposit of $6000 on VPS and have back tested this, result is identical. Account Blast. So one thing is sure, you sleep and can't conduct this EA.

However, you are able to sensibly use this EA on couple of volatile pairs and at certain times just to find a few green pips. We need to talk here,

* What is going to be the ideal setting? (Maybe Range breakout of 30 pips with SL 20 / TP 10)
* What are the perfect pairs? (Maybe EURUSD / EURJPY / GBPUSD)
* Most important, time to trigger this? (two minutes before important news? above/below 50pip range/channel? At opening of London/Asian Session?)

The principle is, to not be greedy, get some pips at appropriate time and close this EA. If we place such principles and follow, this EA is your Debit Card of World Bank's ATM:-P

Any suggestions please?

quote I've been doing this daily. I've a 5pip goal and also my ALR zone is 15 pip. I've had 5 trades. 4 of these were profitable. I didn't make any on the loss, although the other was shut at rest even because I hedged. Please criticize!! image image

Hello Torontoman,

that I have also tried that setting, the shortest the TP range, the harmful are the outcome. In market, spread will be higher and will open hedge positions that are opposite very quickly. You have to be fortunate enough to keep getting green pips every time with this specific setting.

I concur. You can not sleep with it. Occasionally is a transaction during a quiet period and the spreads are enormous. And do not even think about positions over the weekend due to the weekend gaps. As for news, I'm not a specialist trading the news, but I do know this.
During USD news, occasionally my stop loss is not dependable and I shed a few pips. What I mean is that although I place a stop loss, the stop loss is not respected and the stop loss loses not more than me. As GBP news, I do not know if Cease losses are either respected or not. Does anyone know?
I have been using this just on eur/usd, usd/jpy and gbp/usd. I just enter when there is a breakout. 5 pip tp, 15 ALR. If the breakout fails, it usually goes back and get stopped out beyond the alr zone, but no reduction. I really don't wish to hold those overnight. Please criticize my strategy.

Hello Tictac-nur, I believe I found a bug in regards of this trailing stop. When you set it to allow it modify the orders as expected but it goes until the entered TP is reached. Means should you decide on a TP into 20 (like me) and set the Trailing Stop to 10 it moves up to 20 pips. I believe more usefully is, even when monitoring stop is active it must dismiss the entered TP and extends up to what the market can give. If Hedge is active, means you have a order in direction it must choose the TP or perhaps even the Trailing stop, if empower. What...

Thanks for the info. I got another Grid EA with this Trailing Profit features. It will track the profit by a certain range of pip. I will attempt to add that features on the next edition. .

quote Thanks for the info. I received another Grid EA with this Trailing Profit attributes. It will track the profit by a range of pip. I will attempt to add that attributes on another version. .

Thank you dear. With tracking stop facility, will wait for another version.

Since 1 week, I'm employing this EA on actual account for 1-2 hours a day, obtaining 40-60 pips. Following are the details if anyone considering:

Pair: EURJPY (One of the volatile pairs) Spread 1.2/1.8
Entry: 10-15 Minutes before opening of London Session. I activate the EA and open manual exchange based stations and Service Resistance.
Also I use this before red news.
SL/TP: 20 pips
Lot:.1 or .25
Fixed Equity Target: $250

I then leave it to shut on profit. My egy hits TP, otherwise, thanks to your EA that is great and shows correct, I receive the profit from side. This is like double dip life (that is supplied in WHO WANTS TO BE A MILLIONAIRE?)

quote Thanks dear. Will await the next version with trailing stop facility. Ever since 1 week, I am employing this EA on real account for 1-2 hours a day, obtaining 40-60 pips. Following are the details if anyone interested: Pair: EURJPY (One of the volatile pairs) Spread 1.2/1.8 Entrance: 10-15 Minutes before opening of London Session. I trigger manual trade that is receptive and the EA based on channels and Service Resistance. Also I use this before reddish news. SL/TP: 20 pips Lot:.1 or .25 Fixed Equity Target: $250 I then leave it to close on profit. Sometime,...

Till now how many cycles EA didn't close your trades?
If you begin from 0.25 lots after 7 cycles of EA you hit 32 lots. How can you to trade so big unless you're wealthy?
Just curios