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Magic Box EA
Here's a look at the profits over the last 7 days using the Magic Box EA.
Magic Box EA
Decided to pause it for now
After a few weeks of changing settings to try to suit the day my decision to stop using the auto trader was a difficult one. Account has trending down the whole way lost about $900 from $2300 account. By no means a catastrophic loss but only heading in one direction. Me personally I don’t see how it produces profit unless you use the virtual stop loss. If anyone else is having positive results except for Glenn it would be great to hear from you.
New Trailing option being tested
I'm currently testing a new trailing option. The previous candle's wick. It's well suited to Gold M1 specifically. The previous candle's wick represents a genuine price rejection point, making it a more meaningful SL location than an arbitrary R-distance. The practical advantages over R-based trailing: - Adapts to volatility automatically. On a volatile candle the wick trail gives more room, on a quiet candle it tightens naturally - Structurally meaningful. SL sits behind a real price rejection rather than a fixed distance - Can trail much tighter on strong moves. If candles are small with small wicks, the trail tightens faster than 0.2R would All other components can still work with it. So for example you use Immediate Trailing Stop loss to lessen risk, it hands off to breakeven Stop loss (using your defined inputs), and then let the wick trailing take over as it moves further into profit.
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New Trailing option being tested
experience so far
having an account at around 2.2k the experience has been difficult. my takeaway trading on the 1 minute with a stop loss creates too many losses trading on the 5 minute was going good but when the stop loss distance increased this increased the size of of the loss because of the size of the account and only risking 0.5% when using the TV indicator to decide on trend filter i see a lot of trades that the TV indicator is not picking up my thinking is to increase the risk to 1% per trade on the 5min currently my the auto trader is down 21% on the account how are other people finding it and getting on????
Testing is coming along well
Currently testing a Super trend filter within Katana with options for the Stop loss being the candle that flips the super trend (really aggressive entry and stop loss), and also using the Super trend line as the stop loss.
Testing is coming along well
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