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Thread: EA: Target equal to Stoploss (TP = SL)

  1. #21

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    Quote Originally Posted by 4x4me View Post
    i am using with Lordorly's version, but my SL is 55 no matter if I close TP = 8 or 12. I set to close if hit SL. But, When I ran back test with TP = SL, it actually had better profit with less DD.
    Hi 4x4me,

    Sound good, to test further with your findings can you post the EA version and set file for TP = SL here?

  2. #22
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    Quote Originally Posted by CycleTrader View Post
    Hi 4x4me,

    Sound good, to test further with your findings can you post the EA version and set file for TP = SL here?
    Settings differ from currencies to currencies. I am using same set file that lordorly posted on RSI_MA scalper thread. Only settings that I changed is SL and TP = 55. I am still not sure it will be profitable in a long run, but so far, so good. (too early to say for sure if RSI_MA is designed to run with higher or equal SL/TP ratio)

  3. #23

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    4x4, I think lordorly's setfile has the 'automanagement' option turned on, which completely ovverides the TP and SL. Is that currently turned off? I can't seem to prduce a decent backtest at TP=SL on this EA.
    Had my first live Enforcer trade today. Went all the way to 100pips before price reversed completely and it got out at BE. Irritating.

  4. #24
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    Quote Originally Posted by carlscott1982 View Post
    4x4, I think lordorly's setfile has the 'automanagement' option turned on, which completely ovverides the TP and SL. Is that currently turned off? I can't seem to prduce a decent backtest at TP=SL on this EA.
    Had my first live Enforcer trade today. Went all the way to 100pips before price reversed completely and it got out at BE. Irritating.
    Yes, it has automanagement 'on and I didn't change the settings. This setup is new to me also. Just got an idea of settings SL = TP recently, so I am not sure how it will work in a long run with this strategy.
    So, having the SL/TP set to equal, sometime, it close sooner if it meets automagement settings for exit. My idea of setting higher TP instead of default TP of 8 pips - 12 pips on RSI_MA, is to get higher profit if market gives me that. It doesn't always hit the max target, but winning ratio seems to be better than default settings so far...
    I do not like Enforcer. I am not trading on live, but demo real time, it wins nicely, then, turns to losers. Something seems to lack on the strategy.
    Other systems that I have a good luck with are: Forex Secret Agent and Forex Day monster. I am trading that on live account and SL<TP usually the case. Forex secret Agent, running EA on it, but I manually close(manage the trade). Forex Day Monster, it's pretty much up to me to take the trade when there's signal. So, it's very discretionary trading. I am now testing on Forex Profit Monster on swing (which I ask if Funyoo can make an EA from its system, but not heard from him yet) and it looks really good. It's on the side trading for me since I am very short term trader, but it works well on 4 hr. Also, signal is pretty clear also. If you have the patience to wait for the signal and target (at your discretion. i.e. S/R or Fib level, etc), it gives nice profit. Just a few things that I am using...

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