Emas cross 21 – 200 TP modification.

In prior versions of the emas cross robot we were using a 20 pips of stop loss and a 20 pips to take profits as well.

lets now make a new version changing the TP variable from 20 to 30, this way we risk 20 pips on each trade (same as we were doing before) but we increase our profit potential to 30.

as a disadvantage we have that in a certain trade the market can get the 20 pips but maybe can’t do it with the 30, so it will reverse and end with a loss. the only way to know it is testing the strategy.

here the results of the first 7 months of 2010:

Emas Cross 21 – 200 with a TP of 30 pips

As we can see this is the best operator we have until now working in a 24 hours environment in the euro dollar market.

Tags: automatic trading, ema, emas, eur-usd, expert advisor, moving averages cross, mql4, strategy tester

Auto trading the cable

I changed the automatic robot to run in the gbp-usd market instead of the euro so i can have the euro free for manual trades.  With the robot running, only one trade can be done in a given market at the same moment. So the robot will be trading the sterling while i will be able to still find strategies using my favorite market, the euro against the dollar.

Remember, the trades done by this first robot can be found here:  11 – 31 Moving Averages Difference for Trend Development info and operations

At 10:09 am EST the robot start running, at the same time criteria is found so the robot get in the market without hesitation:

The robot fails but criteria still there, the EA opens another trade:

This time the EA worked good and the trade is a winner, robot is in even now:

Another winner, EA is at +20 now:

Fails, EA at even now, 4 trades made for now in the US session, it is 11:58 am EST now:

Criteria was correct, EA won 20 again and it is at +20 now.
This time the robot don’t open a new trade as criteria ended, it is 2:04 pm EST now:

2:34 pm EST criteria is present again, EA makes a new trade:

robot fails but criteria still present for a new chance:

Fails again and criteria ends:

It is hard to know if this robot will work in the long term. Mql4 provides a feature to test the EAs using historial data,  lets do that to the robot before making any modifications to it.

Tags: automatic trading, cable, criteria, ea, ea trading, mql4, quant, streling, usd-gbp