Hi Cylone et al,
I have been demoing Steve's EA and playing with settings for a while.
I have also been concerned about the large SL to TP ratio. Crudely speaking - 1.8 ADR SL to 0.4 ADR TP - you would need an 82% win rate just to break even if you are letting positions run to SL / TP.
With all of the recent large ADR movements and waterfalls, there is no way that the EA is getting close to that.
I definitely believe there needs to be more discretion involved at the moment.
I take note of your additional rules Cyclone and shall be spending this week manually trading with it and perhaps will look into the new Heiken Ashi model.
@RickM are you rolling your eyes at the new HA addition?
Regards,
Cameron
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