Your right I havent bought this EA. All the EA's I have bought, I ended up returning, and I dont want to buy anouther untill I can find better evidence that it will work. From what I've seen the free EA's work almost as well, if not better, and I can attempt to decifer the code and test the different settings without any losses, other than the time spent.
I didnt mean to argue about what a counter trend trade is. Some people might consider this a counter trend trade, some might consider it continuation. It really just depends on what time frame your focused. I always considered counter trend trades to imply trading against the primary trend. Rather than just using the pullbacks as entry points into the trend.
I'm sorry to keep beating on this thing, but this style of trading works, I use it all the time. I just dont use a smoothed moving average for trading signals. Its the slowest form of moving average, and will always get in and out extremely late. They're good for spotting a confirmed trend, or holding a long term trend, not for trading quickly.
Still I dont understand why everyone is so resistant to actively managing an EA. We actively search for, initiate, and manage our own trades. If an EA can releave some of that effort then its a worthwhile addition. I really dont expect it to work well unsupervised, or without direction. After all we are the traders, its just a tool we can use to make our work easier. |