Looks like another version of a Martingale. It will work well for a while but at some point the "perfect storm" will arise and it will blow your account. Tried it, been there, done that.

Position Average Trading Single Currency

It stands to reason. Of course if I always correctly determine which way the market is going I can just place a trade, remove all s/l and wait.

Semi automatic EA (Driven Version)

You are right on both counts. I think the trendline function works backwards to this though. I think I enters when the trendline is broken rather than shut down. I agree that EA's are prone to fail. But if it is mixed with manual discretion it ...

Semi automatic EA (Driven Version)

That makes sense. If the S/R lines are crossed then the EA would shut down and close trades on that chart.

Semi automatic EA (Driven Version)

I have been on FXDD which is an ECN broker.

Semi automatic EA (Driven Version)

And you have this on the 5 minute chart?

Semi automatic EA (Driven Version)

Thanks bauerjj10. I don't post much either due to the fact that I have yet to turn a consistent profit on a live account. If you don't mind me asking, what settings are you using for the fully auto version?

Semi automatic EA (Driven Version)

Do you mean you had an account with $900 (or lbs)? If so, the lot size of .1 seems very large. With that size of an account I wouldn't have a lot size bigger than .02. Take your lot size and multiply it by your SL and the number of open positions ...

Semi automatic EA (Driven Version)

I am all ears. — Hi Andrewnair. I don't post much. I listen and (try) to learn. So, I am looking forward to hearing what you have to say. Please teach me more. Porky

Trading plan to be in the same league as the best traders in the world

Use the EA I posted. Set the "TrailingStop Type" to "4", Set "BreakEven" to "30", Set "Lock in Pips" to "0".

Looking for a TrailingStop EA

Try this.

Looking for a TrailingStop EA

Here, you can use this one.

program trailingstop