How can I improve this EA?
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Hi everybody, I've been testing this simple EA I created lately with relative success. It's not completely profitable yet, but it's consistent and I think I've got something here. Would you mind taking a look at it and see how could I improve it?
Thanks
It works best in EURUSD
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Hey let it run through optimiatzion in the strategy tester to find best settings, i would include another trend indicator, to higher up the win rate, and scale out trade management. (Set a TP, close half of position whenhit and move sl to breakeven. Then close the rest when your main indicator gives you an opposite signal)
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Hi Fabien S, thanks for your feedback. I tried ADX but it left me out of very good trades, so I dediced to remove it. Moving stop to breakeven does the same (I'm stopped out and price finally moves in my direction) so I decided not to used it. But I hadn't thought about scaling out, I'll try it.
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Is this the right way to scale out?