usually i Start the Sequencer EA when i see 3MAs are crossing....that tells me that it is trending now...as i said before in a trending market Sequencer is superb....but in a Ranging market - Oppsssss.....
and also i stop using it from Thursday Night....Friday must be avoided....
Yes Funyoo or other C++ coders might help us with this superb EA...i liked your conditions very much....
Last edited by Toxic; 02-11-2009 at 08:34.
- Just set SL to 150 pips
- Minimum 30Min charts, personal i trade on 4H
- Only buys in the bottom quarter (yearly chart) (0.1 lot)- breakouts/news mostly 75% are buys
- Only sells in the top quarter (0.1 lot)- breakouts/news are mostly 75% are sells
- Buy/Sells in the 2nd+3rd quarter (0.01) let the EA decide
- diversified on more pairs and less lot size = risk reducing overall and per pair
- limit trades in a sequence to 5-7
So you need 3 EA copies, 1xbuy (0.1) 1xsell (0.1) 1xbuy/sell (0.01)
Subnote: Martingale describes the sequence, original made for roulette! Most forex martingale EA works with SL of 10-15, but who writes this rules? Check it out with a SL 150-250 and you will have better and constantly wins, and less loosers, you are not wiped - yep you are not a millionaire in one year, but one of the 5% forex winners :-)
Last edited by ixbone; 02-11-2009 at 09:38.
I think these represent an important class of EA.
Have you seen the 'Lucky 7' setup?
FXTradepro "LUCKY 7" Journal
Last edited by AlisNutrior; 02-11-2009 at 09:35.
Nice to see you....I checked the "Lucky 7" setup as well.....honestly i felt that is a risky setup....Risk/Reward ratio is very high.....i tested that setup in a demo account.....had couple of bad lucks....
with that setup you have to understand the market volatility very well....or have to catch the trend at the right moment.....if you get trapped into the Ranging market than you are finished....ooppsss
I saw the creator of "Sequencer" uses that setup very nicely.....however, i am not comfortable with that setup.....i think more experienced traders (martingale) like IX might be more comfortable with that kind of setup.....i think this is not the setup for small traders or Newbies.....