Olverforex
Member
Thank you for this - I have tested it on my Demo account
Change the slippage as well as gold tends to fluctuate and at 3 slippage I got no trades. I changed mine to 5 and it worked well. I did not use a SL or a trailing stop.
For a smaller account I would limit the number of trades to 2 or 3( if you run the EA on both M1 and M5 the EA would do this amount of trades per chart so I limited my trades to 1 - This way I have a max of 2 lots trading)
Gold - I kept the settings except increased the TP to 300 I feel in this market the conservative setting is pretty good - once we are in a less volatile market after the COVID 19 Virus I might take another look at the settings and go more aggressive. M1 and M5 worked best
GBPUSD, EURUSD and USDCHF - I changed TP - only did M1 and M5 - GBPUSD performed the best - I have changed the TP to 15 pips on M1 and 20 pips on M5
I did not find USDCHF and EURUSD performed as well so I removed those charts.
GBPUSD did the best so I kept it on that chart and did max 2 trades.
The one thing I can say is Don't freak out - mine would dump negative badly and then eventually take profit. Took me a while to figure out that all the trades of the same instrument example gold buy would have the same T/P regardless of when the trade was entered so keep your trades to 1-2 at the same time - the EA seems to use the TP of the first trade entered so you would get a loss on some trades.
Multiplier of the lot amount - I set mine to 0 so that I can maintain a fixed lot amount
I would like an option to only trade with the trend. You can manually select it but it defeats the purpose of an EA.
Overall I would rate it a 4 simply because of the profit setting limitation. Would be nice if each trade had its own TP.
