First time setting up and I had the fishing ea set wrong. For some dumb reason I had the the step set to .5... yikes it opened a zilliion sells in about a half a second. Should have been set for 5 ... Should come out alright. famous last words.

Fishing EA

It really is all about money management. Even a not so great strategy can be profitable with good money management.

Finding the right expert...

Similar.. The sell closed for $1 Three buys, .01, .02, .03 total $1.50

Fishing EA

It's not exactly proportionately right. But I upped the position size by .01 each time it took a recovery and upped the tp by .5 Closed for $3.50 after all was said and done. 4 positions total 3 buy and 1 sell.

Fishing EA

Set up on the four majors. Dragon is trading away on demo.. Am also set up live micro for EURUSD only. Here's the first to close for tonight. And the second Things of beauty...

Finding the right expert...

This could actually be a workable strategy. The step is set for 5 pips tp $.5 It is the very slowest time of day... hopefully to avoid getting caught in a Martingale trap...

Fishing EA

Here's how it played out. The sell closed without the need for a recovery trade. I was a little slow in closing the ea down after the alotted hour but it was a good chance to see how recovery could work with this. It opened a buy for .01. I set the ...

Fishing EA

It's been a while. I'm back. Looking at trading the start of the new trading day for just 1 hour. It may not be necessary to identify a trend. I'll test like that at first. Unfortunately the expert cannot be set to run without visual setting. Even ...

Fishing EA

Not to confuse things any more than they already are. I want to look at the other old time favorite.. Fishing ea. the dragon opens trades in the direct of the move and Fishing opens counter to the move. Let me see Fishing using the 10 lwma on the 4 ...

Finding the right expert...

It's going to be quite a while before I'll be able to trade more than a $500 micro at .01. Not only do I not have the money to go for $5000 .1, but I don't have the emotional control. Sorry to say. I panic. I really don't have the $500 either but ...

Finding the right expert...

Got caught in this Pretty innocuous looking on the 4hr...

Finding the right expert...

Something like this would be unbearable. Knowing how Martingale can crash an account now matter how much equity is in it. Over $1000 drawdown... closed it brought in $229 Only 4 hours to resolve so at least that was good. Up to 7 levels... Really ...

Finding the right expert...

This is rare for that time of day.. But in that one hour there was a lot of activity and volatility. Drawdown $120 at one point. But total gain for the 1 hour $162. I need to watch how the trades play out.

Finding the right expert...

Then this is what happens when Martingale recovery kicks in... this only took 3 hours to resolve, it can go longer... 7 hours or more. About $50 drawdown here.. about $25 profit instead of $8 for a quick open and close.

Finding the right expert...

This is typical.. Within the specified hour 1 or 2 trades opened and closed. Trading based on the trend in the 4hr chart.

Finding the right expert...

Watching the trades play out in the tester is really important. I need to get "desensitized" when there are drawdowns. Watching them play out helps. I have been trading .01 because when I do set up live I use a micro to minimize losses. But in order ...

Finding the right expert...

That really slow time right after NY closes end of day... seems to be working out nicely over 9 months of testing one day at a time. Only 3 significant drawdowns... $100 but the gain was $60 each time. It's just a matter of having a strong enough ...

Finding the right expert...

Looking to use 10 lwma on the 4hr to identify buying or selling. Set the Dragon for the one hour right after NY closes. Looking very good. After a month of testing each day separately about 250 pips... No catastrophes, no terrible drawdowns. I'll ...

Finding the right expert...

Looks like one of those that kills it in the tester and even a demo but nose dives live.... Market conditions and brokers even ECN can't keep up with tiny moves Which doesn't allow profits in very small moves. Even if the algorithm is perfect. Life ...

Finding the right expert...

Right out of the gate, the second test... huge draw down... over $300 and Martingale all the way up to higher levels. Hmmm. Maybe this isn't going to work either. Maybe instead of 1 hour trend. 4hr..

Finding the right expert...