pin12 wrote: Mon Jun 06, 2022 3:36 am
Hello!
Why all the simple EAs that I am testing and that are shared here, instead of gaining, are losing little by little? Look at the typical chart I always get.
I would like to know where I am making mistakes. Maybe I have to configure them in some special way? I don't understand.
Or maybe I should try some others that work better?
I would appreciate it if you could explain to me how to use them please..
hello again mate
with moving average cross ea’s, you will find they work out great in trending markets, however in range bound/choppy markets, you will find yourself constantly hitting losses, breakevens etc, wiping out practically any profit, they may seem like only small losses, however they definitely add up and slowly eat away at your capital, having 10 or more small losing trades in a row, in the hope of finding a big trend, isn’t the best idea.
if you feel you want to stick with your moving average cross strategy, i would suggest looking back in history and seeing what times during the trading day you typically see the best results, whether it would be london, new york etc. and limit your self to trading in those sessions, to avoid any chop/range bound price action during low volume sessions. however that’s not to say that there will be big trends every session every day. but it will definitely give you a starting point. look at what moving average fits your trading style best. then you could look at adding a trailing stop to your positions, as in the photo you shared, you can see that in a few trades, the trade went in your favour, however swiftly came back down from being in profit, to resulting in a loss. however with a trailing stop function, this maybe wouldn’t be the case.
just some words of advice mate, but have a play about with it and see what works best for you!
all the best mate