I spent the entire afternoon, Back testing various options in the EA, with TP & SL and using the TS and BE, and as far as I can see this EA, as it is now, it's a losing battle.
I set the Maxtrades option to 1, as recommended by Paul, but the EA still keeps on opening a new position when the previous one closes out. These new positions is what eventually turns to losing positions and drops the equity.
Funyoo can you please correct this EA, so that it opens up ONLY 1 trade per trend.
This will be the only way we can make use of this EA.
Thanks alot Funyoo, we really appreciate your efforts to help us out.