to get an concept of what this type of technique is all about.
This technique deliberately trims the largest loser and opens an opposite-direction commerce on the identical pair at any time when at the very least three dropping pairs have breached their 24-hour excessive/low.
The way in which that is completed is kind of restrained, such that overtrimming is prevented. We wish to just do sufficient trimming that we permit the identical market motion that triggered the trimming to take us to revenue.
So don’t be alarmed when the primary actions taken by the EA make your steadiness shrink. If you’re affected person, an increase in fairness will happen and all trades might be closed for revenue.
There are old-school parts to this technique, similar to diversification (14 pairs), reduce your losses early (reduce the BIGGEST loser when market motion makes it a logical resolution), and let your winners run (till you come into revenue).
Basket_14 was developed earlier than Confirm_14. Basket_14 makes use of much less particular standards in on the lookout for affirmation. It seems to be for a complete of 3 foreign money pairs among the many 14 to be breaching their 24-hour highs/lows earlier than trimming and reversing a greatest loser.
Connect to just one chart, any image, any timeframe. Don’t fret about opening different charts. You solely have to open ONE.
Model 02 doesn’t have the MinMiniEquity and MinStdEquity settings.
Model 03 makes use of two seven-pair relative vigor index (RVI) indicators to attempt to enhance the frequency with which we get to revenue with out trimming and reversing.
Model 04 seems to be for 5 samples of RVI primary to be above/beneath zero, cleanly separated throughout the 2 teams of seven pairs, to determine which group to purchase/promote.
Model 05 has purchase/promote logic based mostly on RVI primary/sign crosses above/beneath zero
Settings for Numerous Leverage Ranges
Go away the settings as-is for a 200:1 leverage account.
Set MaxMarginToUse to 2.0 for a 100:1 leverage account and depart ProfitPct at 1.0.
Set MaxMarginToUse to 3.0 and ProfitPct to 0.3 for a 10:1 leverage account. This will likely appear dangerous however most of us will wish to push threat if we get restricted to 10:1 accounts. Even with this threat stage, you should not see Lowest Margin drop a lot beneath 200%.
For my 50:1 demo, I’m utilizing MaxMarginToUse at 3.0 and ProfitPct at 0.75. To this point it is working positive.