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Old 2008-11-06, 12:05 AM   #33 (permalink)
Ken Long
Pip Sergeant
 
Posts: 331


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I havent bought this EA, for much the same reasons. It is basicaly a moving average EA, the Heiken Ashi Smoothed is a moving average indicator, and any attempt to mechanicaly control its drawdown will drastically hurt its performance.

Plus, it needs a dedicated server. It would drain my computer, and eventualy cause it to crash.

The only good idea I have would be to manually manage drawdowns, with stops and targets, and to wait them out if necessary, as long as they are still in their trends. But most important is to keep the system trading, not sitting. It doesnt make any money sitting on its trades. One of the bigest benefits of a computer is it can do what we cant. It can trade quickly and constantly, without rest, and without hestitation. Any person can manage a position trade, but only a computer can trade the micro trend without exhaustion.

I still want this program, I think I can manage it, but I need a VPN service to run it sucsessfully. That will probably be next week. Meanwhile, the Demark Lines makes a very good discresionary trader.

Last edited by Ken Long; 2008-11-06 at 12:11 AM.
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