Inside Bar
Only one trade last week, for $34.79 profit. Considering the leverage used, this is not much.
This robot doesn't appear to be placing as many trades as it should. There is the potential for a lot more profit here. I'll have to review the code and see what's happening.
Pending Reversal Candle
Week before last this EA made one trade, $292 profit. This last week, 3 trades, 2 wins, 1 loss. Only $2.77 profit. Yikes!
The code seems to be OK, but maybe some adjustments to stop-loss or take-profit levels are in order. I'm just not sure to what, at the moment. Maybe a few more weeks of testing, assuming the robot is still profitable then, will reveal what settings might be better.
This is a trading system and EA from a Forex Factory forum which I am trading manually, in addition to letting the EA place some smaller trades.
My trades are using a lot size of 1, the EA's trades use 0.01. I'm placing EURUSD BUY and SELL STOP orders according to the black box the EA draws on the screen and checking them from time to time. The EA also trades EURUSD as well as GBPJPY.
A fairly good week, $739 profit. The EA closed my trades early - I would have let the Wednesday trade keep running, and it could have been up somewhere close to $2,000 by now. Still, not too bad for a fairly easy to trade system.
This system is up $2,669 from the 30th January, which is a 53% return in a little over a month.
While this sounds impressive, it is using a massive amount of leverage. Also, we've had mostly winning trades so far, which I'm thinking is mostly due to luck. Still, we'll see how it performs in the future.
Note, the EA's trades on GBPJPY weren't so great this last week.
Also note, the black box in the chart above indicates where this weeks trades should be set, not last weeks.
