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Originally Posted by ApacheDan  Well Rick, it's done...now I'm part of the Elite group...lol. I also got an Alpari UK Demo, but was only able to get 100:1 leverage....wonder if that will have an influence on the EA. Since last night, so far no trades.
So many EA's to test...feel like a kid in a candy store. Can you suggest another EA that won't be so dependent on short spreads? Thanks. Dan |
Well done Dan
What settings are you using with The Channel Scalper?
Don't worry about the leverage with the Alpari demo account. They say it is 100:1 but it's really 500:1. A lower leverage account would be of benefit with this EA (say 100:1 instead of 500:1). It would prevent us from overtrading (pushing the risk/lot size too high and getting a massive loss).
I put The Channel Scalper on my live account last Friday and have yet to see a trade. Keep in mind that this EA can go for a couple of trading days without a trade. Also, the settings I use only allow a trade 20-22GMT.
As far as another EA. I have a couple but they are not free. Both EB-Turbo and Cash Cruiser are worthy of closer attention IMHO. EB-Turbo can trade many pairs but I have it trading only EURUSD and only on one of it's two strategies. Cash Cruiser trades USDCAD in a grid style like Robominer but does not hold onto it's trades praying for a turn in the market eating away at your equity creating DD and also possibly incurring negative swap fees. Both of these EA's are doing very well in my demo account trading but are not yet ready for prime time (live account). I have been burn't before going live too early. I want to run the EA on a demo account long enough to observe it's behavior and, in particular, notice it's dark side.
Rick