Forex trading 2019 TA/FA setups and discussion, page-209

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masonhlsy

69 Posts.

28/01/19

22:19

Post #: 37244643
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Originally posted by RickM ↑

Hi Mason

I look at EA's in three ways.
1.. Is it a Reversal Model or Trending Model ( perhaps a few other types as well )
2.. What strategy is used to enter a trade.
3.. What strategy is used to exit a trade.

Trade management for me normally is to do with the Exit Strategy on most occasions so this is where I start in my models.
I start with the Exit strategy first, then decide whether I want to build a Reversal or Trend model second and LASTLY decide on how I can enter a trade.

SO I WORK BACK TO FRONT

I do favour multiple entry / single exit on increasing lot sizes kept within a percentage of a Equity shutoff.
Here is the Test for my EURCAD account. This is 12 Months Results on One Pair on a 10K account.
It runs 5 EA's, two primary EA's are reversal models and three secondary EAS's are trending models. All have the same Exit Strategy of Set Take Profits and re-enter with increasing lot size positions.
On Demo in the first 3 weekss, it is running at about 2% profit a week.
Its still too early to know how this well go but I am happy so far.
Today on Demo I placed GBPNZD with 5 EA's and AUDJPY with 6 EA's.
I am currently working on Double Entry, Double Exit with one exit being a trailing stop and the second exit being a fixed amount.

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Hi Rick,

Looks like things are falling together nicely. Are those EA's running on each pair all the same? Or are they specific to each pair.

Are you planning on building the M1 strategy soon?
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Forex trading 2019 TA/FA setups and discussion, page-209

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Forex trading 2019 TA/FA setups and discussion, page-209

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