26/10/ · MadDesire EA Review: Mad Desire is an expert advisor. It was created to assist and guide traders navigate the perilous journey of trading. Is buying this EA worth it? Read through our Mad Desire Forex EA review to see what experts have to say about the Forex trading software 24/12/ · Forums > Tools dan Software Trading > Expert Advisor atau Robot Forex > This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More. i put the EA on demo and it opened a winning order. would not happen if it was reading history also you can BT it but on GBPUSD only ionone2, 24 Dec #17 02/12/ · The next price will be $ For the EA to work correctly, use all the recommendations for trading. The Expert Advisor is designed for aggressive trading. The EA has built-in new methods for determining the direction of the trend. The Expert Advisor trades with a minimum profit using a /5(3)
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Firstly, thanks for the overwhelming comments and feedback. Genuinely really appreciated, desire expert ea forex. If you didn't read the first post you can do so here: risk management part I, desire expert ea forex. You'll need to do so in order to make sense of the topic.
Part II Letting stops breathe When to change a stop Entering and exiting winning positions Risk:reward ratios Risk-adjusted returns Letting stops breathe We talked earlier about giving a position enough room to breathe so it is not stopped out in day-to-day noise. It would be desire expert ea forex painful to miss out on the wider move just because you left a stop that was too tight.
And then look at previous trends and use the measuring tool. Those generally look something like this and then you just click and drag to measure. For example if we wanted to bet on a downtrend on the chart above we might look at the biggest retracement on the previous uptrend. If market conditions have changed - for example if CVIX has risen - and daily ranges are now higher you should incorporate that.
If you know a big event is coming up you might think about that, too. The human brain is a remarkable tool and the power of the eye-ball method is not to be dismissed. This is how most discretionary traders do it. There are also more analytical approaches. Some look at the Average True Range ATR.
This attempts to capture the volatility of a pair, typically averaged over a number of sessions, desire expert ea forex.
It looks at three separate measures and takes the largest reading. Think of this as a moving average of how much a pair moves. For example, below shows the daily move in EURUSD was around 60 pips before spiking to pips in March. Conditions were clearly far more volatile in March.
Accordingly, you would need to leave your stop further away in March and take a correspondingly smaller position size.
There are advantages and disadvantages to both. Averages are useful but can be misleading when regimes switch see above chart. Once you have chosen a measure of volatility, stop distance can then be back-tested and optimised. For example does 2x ATR work best or 5x ATR for a given style and time horizon? Remember - losers average losers. There are some good reasons to modify stops but they are rare. One reason is if another risk management process demands you stop trading and close positions.
Another is event risk. This is a matter of some debate - many traders consider it a coin toss and argue you win some and lose some and it all averages out. We looked at those before. As the trade moves in your favour say up if you are long the stop loss ratchets with it. This is not exposing you desire expert ea forex more risk than you originally were comfortable with, desire expert ea forex.
It is taking less and less risk as the trade moves in your favour. Trend-followers in particular love trailing stops. One final question traders ask is what they should do if they get stopped out but still like the trade. Should they try the same trade again a day later for the same reasons? Look for a different trade rather than getting emotionally wed to the original idea. Well, desire expert ea forex, it is going to look even better on those same metrics today.
Wait it out. Otherwise, why even have a stop in the first place? Entering and exiting winning positions Take profits are the opposite of stop losses. They are also resting orders, left with the broker, desire expert ea forex, to automatically close your position if it reaches a certain price.
If it hits a previous high of 1. The rookie mistake on take profits is to take profit too early. One should start from the assumption that desire expert ea forex will win on no more than half of your trades. We are going to look at that in the Psychology of Trading chapter.
Remember: let winners run. Just like stops you need to know in advance the level where you will close out at a profit. Then let the trade happen. A classic mistake to avoid. The trader puts on a trade and it almost stops out before rebounding. As soon as it is slightly in the money they spook and cut out, instead of letting it run to their original take profit.
Do not do this. Entering positions with limit orders That covers exiting a position but how about getting into one? Take profits can also be left speculatively to enter a position. Imagine the price is 1. You might wish to leave a bid around 1. Again, typically traders will use tech analysis to identify attractive levels. Again - other traders will cluster with your orders. Just like the stop loss we need to bake that in. So this time if we know everyone is going to buy around the recent low of 1.
Sure it costs 5 more pips but how mad would you be if the low was 1. There are two more methods that traders often use for entering a position. Scaling in is one such technique. You might therefore leave a series of five bids ofAs the price moves lower each one gets desire expert ea forex. The nice thing about scaling in is it reduces pressure on you to pick the perfect level. Of course the risk is that not all your orders get hit before the price moves higher and you have to trade at-market.
Pyramiding is the second technique. Pyramiding is for take profits what a trailing stop loss is to regular stops. It is especially common for momentum traders. Here we addwhen our first signal is reached. Then we add subsequent clips ofdesire expert ea forex, when the trade moves in our favour. We are waiting for confirmation that the move is correct. Obviously this is quite nice as we humans love trading when it goes in our direction. You can see the attractions and drawbacks of both approaches.
It is best to experiment and choose techniques that work for your own personal psychology as these will be the easiest for you desire expert ea forex stick with and build a disciplined process around. This is why risk management is so important! If that is the case then you need to be sure you make more on the wins than you lose on the losses. You can see the effect of this below.
That is, if you are prepared to risk pips on your stop you should be setting a take profit at a level that would return you pips. Again - you should still use technical analysis to desire expert ea forex meaningful chart levels for both the desire expert ea forex and take profit.
Use the ratio to set approximate targets and then look for a relevant resistance or support level in desire expert ea forex kind of region.
Risk-adjusted returns Not all returns are equal, desire expert ea forex. Suppose you are examining the track record of two traders. Not bad! The first trader, however, made hundreds of small bets throughout the year and his cumulative PNL looked like the left image below, desire expert ea forex. The second trader made just one bet — he sold CADJPY at the start of the year — and his PNL looked like the right image below with lots of large drawdowns and volatility.
Would you rather have the first trading record or the second? If you were investing money and betting on who would do well next year which would you choose? Of course all sensible people would choose the first trader. Yet if you look only at returns one cannot distinguish between the two.
This is where the Sharpe ratio helps. A high Sharpe ratio desire expert ea forex that a portfolio has better risk-adjusted performance. One cannot sensibly compare returns without considering the risk taken to earn that return. This is very important in desire expert ea forex context of Execution Advisor algorithms EAs that are popular desire expert ea forex the retail community.
You must evaluate historic performance by its risk-adjusted return — not just the nominal return. Incidentally look at the Sharpe ratio of ones that have been live for a year or more
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