Dear All,
I have a very good enhancement that might need a little adjustment from your side, but I believe it will be useful for all of us and ready for use with the attached set. The key for this enhancement is using the EA Forex Trade Manager with the set I have attached. I have personally used it on XAU, US30 so far, and I've tested it.
The primary function of this expert adviser is to save the open trades. This means I only open a trade based on indicators when it seems like a good time, then leave the EA to manage it. It also handles risk management, so there's no need to calculate it manually.
The benefits of this EA are as follows:
1. Manual trade based on your strategy i am using XARD and Cagliostro strategy .
2. Managing the risk.
3. Partially closing the trade lot size.
4. Trailing the stop loss. please note that : some time i close the trade manually if i see a risk
My strategy for this EA is as follows: once the XAU, US30 trade reaches 20 pips, the EA closes 50% of the lot size and moves the stop loss to the entry point. I don't mind if it hits the stop loss after that. However, I sometimes experience losses as the trade hits the stop loss and then continues in the same direction. This entry point issue may need further enhancement. Despite this, I have achieved good results using this EA and strategy in the demo account. (Attached)
I hope this EA helps you, and I am looking forward to your feedback and any new ideas to enhance this strategy. The set is configured for XAU, US30 only, so please be cautious when using it with other pairs. I recommend testing it on a demo account first to understand everything before using it on a real account.