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Hi, hows going with Forex Morning Trade? Is it profitable?3x BE (BreakEven)
1x nT (no Trade)
1x 35pips
Where is the statement? Can you link it to me please?In the description where the statement is posted, you wrote, "It goes LONG if 6:15 candle 100<100,8 and CCI>0.... "
I understand what CCI is, but not sure what you mean by "100<100,8" What does that refer to?
This EA is profitable, but also loses about 1/2 the time. I think the best strategy is to use several EA's such as what I described. My backtesting of this EA was disappointing, however I like this better than Megadroid. MD earns a small amount of pips with a higher risk, and MD has a higher SL.
I adjusted my SL a bit higher to compensate for my broker's spread (44) and TP a bit lower (31). 35 is now the suggested setting by the developer.
Earned 102 pips today using all 3 EA's.
You can control the risk of losses with the Break even setting. However the Break even doesn't earn anything, and the use of the additional 2 EA's makes up for it. Of course, you run the risk of double SL's using similar strategies, but in the long run, I'm hoping that one EA will make up for the other's breakeven.
Cathy