Hello. This is my strategy:
I study several 4 hour charts and place about 5-10 long/short trades 2-3 times within a 24 hour period.
On each trade I use the Swiss Army EA, only setting the setting 'Max_Loss_Dollar' to $300-$500 depending on the pair.
I set the max profit on account EA to $1000.
I have been successful each time so far, granted I am just getting started. However, there is a problem.
Seems my Swiss Army EA is not always taking me out at the max dollar amount. I place the EA on a chart of the pair it should be controlling for each position. And I place the max profit EA just once on a currency i am not trading, and this works fine.
The good thing about this way of trading is that once the trades are set you don't need to sit and stare at the screen. I live in the EST timezone, place a basket trade before I go to sleep around 11:30 PM. Check it again in the morning between 6:00 AM - 7:00 AM before I go to work, also monitoring it while at work, but just to keep an eye on things.
Thanks for any input..
I study several 4 hour charts and place about 5-10 long/short trades 2-3 times within a 24 hour period.
On each trade I use the Swiss Army EA, only setting the setting 'Max_Loss_Dollar' to $300-$500 depending on the pair.
I set the max profit on account EA to $1000.
I have been successful each time so far, granted I am just getting started. However, there is a problem.
Seems my Swiss Army EA is not always taking me out at the max dollar amount. I place the EA on a chart of the pair it should be controlling for each position. And I place the max profit EA just once on a currency i am not trading, and this works fine.
The good thing about this way of trading is that once the trades are set you don't need to sit and stare at the screen. I live in the EST timezone, place a basket trade before I go to sleep around 11:30 PM. Check it again in the morning between 6:00 AM - 7:00 AM before I go to work, also monitoring it while at work, but just to keep an eye on things.
Thanks for any input..
Attached File(s)
Swiss Army EA v1.51.ex4
29 KB
|
2,031 downloads
Swiss Army EA v1.51 Features.pdf
15 KB
|
8,702 downloads
CloseTrades_After_Account_Profit_Reached.mq4
3 KB
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1,519 downloads
statement.pdf
71 KB
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1,637 downloads
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Uploaded Nov 22, 2010 1:52pm