mischel12
Recruit
- Messages
- 1
Hi,
I don't want to say the EA is a "scam""!
What i can say is that EA is not useless!
Don't let it run 24 hours unattended on a live account. If, only with micro lots. Don't use MM higher then 2%. Better turn it off at all. Don't use "Retrace". 20 Pips is still too much. Use a thight SL.
In short, forget about the "Default" setting!
The reason why I'm writing in this old thread:
The V10 seems to me streamlined and flattened, because there are many settings gone.
Like "Hedging" for example! So the main reason I write here is to ask, if somebody has still the files of the older versions 7 8, or 9 (Light+Extra/Normal)? I want to adjust it more and try to make it work better as it is now. The support is not able, or don't want give me access to the tiny Zip-File of an older version!
I bought the EA V10 a month ago and tested wit many accounts and different settings.
With "Default" Settings, it's just an account drainer. I found out, that you've to work with
thight SL and the Break Even function, to get rid of those big losses 90, or 20 Pip retrace losses.
With the break function (2+1), I've realized that the entries are mostly against a very obvious trend.
Many don't even reach the 2 Pips BE (or very late) and going underwater directly, going more down (against the current trend) hitting the full SL or retrace, or dwelling for ages when the trend stops, until very much later it might turn around. Also, the EA opens no more additional trades in such a situation. Here the hedging function would come into play, but it's gone.
With luck, you can scratch the 5 Pips TP (default 10 is rare!). When the entry exceptionally hit a move in the right direction, or the market is turning in your favour, you hitting the "scalping" TP and leaving the money on the table. Here works a high TP with the Trailing Stop function.
90 Pips SL and 10 Pips TP (against the trend), has nothing to do with "Scalping"!
So the entries are the problem, and what strategy, or indicators is the EA using for a trade?
The support can't, or don't want to explain it, as the "Blog" and the documentation is nothing more than quiet "overseeable". Especially Mr. Paul is "responding" quick, but giving no "answers". The more you insist, the more "offhand" the answer gets.
I don't want to say the EA is a "scam""!
What i can say is that EA is not useless!
Don't let it run 24 hours unattended on a live account. If, only with micro lots. Don't use MM higher then 2%. Better turn it off at all. Don't use "Retrace". 20 Pips is still too much. Use a thight SL.
In short, forget about the "Default" setting!
The reason why I'm writing in this old thread:
The V10 seems to me streamlined and flattened, because there are many settings gone.
Like "Hedging" for example! So the main reason I write here is to ask, if somebody has still the files of the older versions 7 8, or 9 (Light+Extra/Normal)? I want to adjust it more and try to make it work better as it is now. The support is not able, or don't want give me access to the tiny Zip-File of an older version!
I bought the EA V10 a month ago and tested wit many accounts and different settings.
With "Default" Settings, it's just an account drainer. I found out, that you've to work with
thight SL and the Break Even function, to get rid of those big losses 90, or 20 Pip retrace losses.
With the break function (2+1), I've realized that the entries are mostly against a very obvious trend.
Many don't even reach the 2 Pips BE (or very late) and going underwater directly, going more down (against the current trend) hitting the full SL or retrace, or dwelling for ages when the trend stops, until very much later it might turn around. Also, the EA opens no more additional trades in such a situation. Here the hedging function would come into play, but it's gone.
With luck, you can scratch the 5 Pips TP (default 10 is rare!). When the entry exceptionally hit a move in the right direction, or the market is turning in your favour, you hitting the "scalping" TP and leaving the money on the table. Here works a high TP with the Trailing Stop function.
90 Pips SL and 10 Pips TP (against the trend), has nothing to do with "Scalping"!
So the entries are the problem, and what strategy, or indicators is the EA using for a trade?
The support can't, or don't want to explain it, as the "Blog" and the documentation is nothing more than quiet "overseeable". Especially Mr. Paul is "responding" quick, but giving no "answers". The more you insist, the more "offhand" the answer gets.
