Hi Pips
Is it a quiet week for you?,AUD/JPY closed for +25 pips and one more just opened on EUR/CHF.Is the new version more selective,I dont mind seems to be working fine.
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Joined Dec 2007
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Status: IF YOU SEE SMOKE, RUN!
|1,206 Posts
yeah it seems a little quiet. I believe it's more restrictive when it come to placing 2nd -5th trades although it still can be somewhat restrictive to placing the first trade depending on what the pairs are doing.
In the case this week it appears several have broken the range outward without trading back to 5sma first... most of these kinds of moves will fail. Some of them will succeed but you never know for sure which one it will be... so during this time the EA is waiting for a good set up to enter a reverse or wait for the retrace back to 5sma. (this is also to try to avoid chop... not sure how well that will work out.)
In waiting you'll get quiet periods like you see so far this week.
There's still a few problems with the stop placement, I've noticed it moves around at certain times other than that it looks ok so far.