Pip Cop - Forex Robot Reviews - View Single Post - Looking for someone to change custom indicator into a simple EA

BerryBlonde72 · 2009-04-14, 06:19 AM

No, it does not redraw, it is based on history. It does close at the top (or bottom) of an hourly bar. I feel like the small delay would be inconsequential. Essentially, you would be using the previous "buy" trend to predict the next one (or sell, if the case). I hope this helps a bit, gotta go to work now! Thanks for your efforts!

ps -- using the indicator, with manual trades on a demo account, I set the s/l to 20, a t/p at 100 and a trailing stop of 15. In one evening, on a $5000 demo, using 1.0 lots, I took in $1400 profit, and that was just fooling around. Take away the stops and take profits, and there would have been many more pips to be had!

2009-04-14, 06:19 AM	#3 (permalink)
BerryBlonde72 Rookie Pip Officer Posts: 10	No, it does not redraw, it is based on history. It does close at the top (or bottom) of an hourly bar. I feel like the small delay would be inconsequential. Essentially, you would be using the previous "buy" trend to predict the next one (or sell, if the case). I hope this helps a bit, gotta go to work now! Thanks for your efforts! ps -- using the indicator, with manual trades on a demo account, I set the s/l to 20, a t/p at 100 and a trailing stop of 15. In one evening, on a $5000 demo, using 1.0 lots, I took in $1400 profit, and that was just fooling around. Take away the stops and take profits, and there would have been many more pips to be had! Last edited by BerryBlonde72; 2009-04-14 at 06:23 AM.