Just to add on to what DaTrader mentioned. Remember that you can choose the timeframe for each indicator (PSAR and Slope Direction). If you want to use the current chart's timeframe, just set those to 0.

eur/usd scalping method

eagle, do the settings match (between EA and indicator) As for the slope, here's the problem... Zoom out on the chart. The slope changes. So what do I use as a measurement of the angle?

eur/usd scalping method

You're welcome to share the EA. Just keep in mind that the recipients know where the EA came from, and that I will only provide support on this forum.

eur/usd scalping method

Here is another update at the request of several people. The EA now only takes the bars at the beginning of a signal. Not during a signal, so you don't have to worry about the EA entering a trade as soon as you attach it.

eur/usd scalping method

I interpreted the exit as when the PSAR and slope direction don't agree.

eur/usd scalping method

4,000 pips in 8 months is great, don't make me wrong. But there is no guarantee that the EA will last and continue to profit give the change coming in the Obama Administration. Thus, I need to find something which can adapt to the market and take ...

eur/usd scalping method

I suggest you do this: Toss a coin, heads long, tails short Manage the trade and exit when you see fit. Go back to step 1.The point is to get you more chart time. Because philosophy is great, but actual chart time is better =P As for EAs clouding my ...

eur/usd scalping method

Yes. You're right, it still requires me to be in front of my computer. But remember, I trade with a lot of systems. I have enough trouble tracking the 3 manual systems I trade on top of checking market direction, let alone 37. The entry is ...

eur/usd scalping method

You are certainly entitled to your opinion however, I and many others see things differently and I feel it's only fair to have my say. I agree that profitable set-and-forget EAs are very rare, but they do exist. They won't make you millions of pips ...

eur/usd scalping method

Did you change any of the settings (Lot size is 0 by default)

eur/usd scalping method

Is "Optimization" checked?

Strategy Tester Error

It's better to keep everything in-house. If you're using metatrader, there's no move-to-breakeven function in the terminal or on the broker side. You will need to have an EA or something similar running.

With a little help from my friends....

Good catch there Salvabalza! The entry part of this system was right. I got the exit wrong.

eur/usd scalping method

Well, I do trade news but I straddle, I don't try to predict the direction. But if it really is something you have to get a feel for, then, off to the market I go.

News Boom Strategy

Could you elaborate? And to everyone else, do the slopedirection settings match the indicator on the chart?

eur/usd scalping method

Did it say that at the time of the trade?

eur/usd scalping method

What do the comments on the upper left corner of the chart say?

eur/usd scalping method

The main reason for any bias is usually a trend. As for stochastics, I've traded an MTF stochastic system and it seems perfectly unbiased to me. But it was trading the cross of the 50 line.

Short bias - with an attached super profitable EA

There is no general one-size-fits-all explanation for directional bias. That's the problem. We also don't know the system fully, so the only thing which can be done is speculate. And let's face it, speculating is boring.

Short bias - with an attached super profitable EA

How do you know which direction to open in?

News Boom Strategy