I am interested on the EA, and still waiting John's new strategy.

anuj20jain_India wrote:

Dear John, plz share your results...for third version....plzzz

Did you tried Expert advisor that i sent you in mail...


i hope so.....results are not so good.......so far in live account too.....

Hey Sam (and everyone else!),

Here is the EA that Sam made, I haven't tested it myself yet (I'm drowning under mountains of work, trading doesn't pay the bills yet, but I'm hoping to change that soon!):

www.forex-central.net/download/2012-Sur … 0_0(2).zip

My friend Climaxxx is seeing encouraging backtest results with this EA (he's trying to optimise it, more on that as he reports back to me what he did), and he will probably be trying it out on a real account very soon.

Just make sure to unzip it first! And try it at your own risk!!

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On another subject, I haven't done enough testing of my 3rd version yet of the forex hedging strategy, but here's what it is:
Open a position as with the other 2 versions. 1st pos = TP30/SL29, 2nd pos (in opposite direction if SL of 1st position hit) = TP29/SL27, 3rd pos (in opposite direction if SL of 2nd position hit) = TP27/SL24. No 4th position!
1) Here, the "tunnel" shrinks a bit, I like the idea of trying to hurry the trade up a bit.
2) Also, my rationale for stopping after 3 trades is this: if the market hasn't decided on a firm direction after the 3rd position, the odds are increasing that you are getting stuck in a range. Your initial instinct may be wrong and you can win on a market reversal, or your initial instinct may be correct even after hitting the SL on your 2nd position, but if the 3rd one isn't the winner it might be best to bail out.
3) The other advantage is that you can start out with larger position sizes, since you don't need to protect yourself from an eventual 7th or 10th position for example.

Of course, if your 3rd stop loss is hit, you need to hit 7 take profits to make up for it, that's why I need to test this further another couple weeks (I only trade on days with big US economic announcements, maybe I need to define some other rules).

so far i tested

distance between two trade i use 10 pips only

and take profit pips set to 20 .....

good result so far on this


daily profit limit is set in dollar terms.....

and for which currency???

thanks