Hi Naufrage,
You're damn right about the system being flawed from the start. But i see something great about its initial plan: . . . .
DEFER ALL LAWS/FACTORS THAT HINDERS PROFIT. lol. anyway i know its not that realistic.
Quite funny right!
I just finished testing the EA. It runs well in a backtested scene, but on a live situation on my demo account. . . . hmmmmm!! it can fry out an account if market retraces and fluctuate vehemently without hitting
TP. Thats why i support your claim that the system is or might be flawed or probably there's something we're yet to discover to tame it.
from my test, i would want to suggest that:
1. very few pending orders be programmed in the EA. probably 2 buys and 2 sell and until TP is reached or if its neccessary to delete orders then another can be placed but not until an order or orders has achieved TP.