This EA seems to have excellent profit potential but it needs some modifications. It doesn't seem to be taking all of the trades it should take according to the parameters. Could you look at the code and make any corrections necessary.
Also with MM True the money management increases lots too much and crashes EA. With MM FALSE it closes out the trades at some stop according to Journal Tab but I can't seem to figure out why.
It need your Lots Optimized money management and Martingale.
I have attached EA, Template and Set files below with tow different Back test strategies with MM True and MM False.
The parameters are as follows...
The trades should open as soon as price touches the envelope. We don't wait for the candle to close.
When price comes from above we go Long. When Price comes from Below we go SHORT.
We use 62 EMA with a 10 Pip Envelope.
The strategy is being discussed here > Price Bounce Off MA EA @ Forex Factory
I have also attached Indicator but it is not needed. MA_Bounce_Candle_Indicator
The EA is Price_Bounce_Off_MA_v.2f.mq4
Would you also do a backtest and optimize for 2010 on any Eur USD time frame of your choice please.
UPDATE: It is being said that it makes a rising curve and then crashes because it has no stop loss or exit strategy and it is supposed to buy and sell.
I hope you will take the time to perfect this EA Funyoo... surely you have the knowledge to see what it needs.