Good morning guys. I have recently joined this thread so am somewhat behind everyone else with testing etc. Right from the outset it is obvious that this system is a trend follower. As such there are two issues which upset the system. Ranging and trend change. Essentially the same thing if ranging is viewed as frequent trend changes. Now I am certainly no programmer or any form of expert when it comes to EA's. You can tell me i'm being stupid too if need be, but I have noticed that pretty much everyone looks at higher time frames to confirm trend direction. This seems great for an overall trend indication but ignores retracement or pull backs. By the time there is a directional change in a higher time frame everything has gone from green to red and large volumes of winnings are being leached away. Surely any trend or price direction change starts on the lower time frames, not the higher. If the price action is going against you on a lower time frame it may only indicate a small retracement or pull back which may or may not become significant. On the basis that a major rule of Forex trading is first not to risk your capital unnecessarily, would it not be sensible to check the lower time frame either instead of or as well as the higher time frame???
Just my thoughts.......
Just my thoughts.......