Locked Forex Aurum Indicator and Automatic Ea / Manager POSITIVE 2/1 or 3/1 RR

Hi - I am also making use of the 14 day money back gurantee - Have you changed any settings apart from whats mentioned in the manual ? like have you gone for a 1:1 RR or stayed at 1:2RR ? also have activated the trailing stop loss feature ? as I can see from picture your stop loss is really close to entry point I believe with it you can catch some really big moves.

 

I like the 1:1 approach because the chart ranges are small.....and this will continue / be the main trend for forex in the foreseeable future....the reason being Chat GPT being applied to logarithmic trading .....

In my many years of trading forex, i realized that trade management is VERY important....so i trail the price with just enough room to spare so that the pair can breathe easily.....the benefit is that what started out to be a 1:1 risk / reward becomes a lesser than 1:1 due to reduction in stoploss every time a new candle closes...the market itself is very volatile so risk reduction is a pip saved = pips earned ....this will be evident after say a year or 2 of profitable trading when you can add up all the pips lost vs gained ..... meaning me getting stopped out for a full loss vs a LESSER loss (due to reducing my risk ) hope that made sense

 

I have changed settings to trail but allowed the EA to trade automatically.

 

Can you tell me what settings you used for trailing please I'm not really good with trailing features as I find it hard to give enough breathing room sometimes and get stopped out to early.

 

A screenshot of settings would be perfect

 

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Adding a screenshot of the setting may not be a good idea...but i have uploaded it ....

I have however saved my set file and attached it to this post.

Hope you can make good use of this

 

Slightly off topic but i star off with a 1:1 risk/reward.....however as price goes in my favor, i would keep reducing the stop loss.....

attached a live trade that i presently am in....and you may see that i started off with a 1:1 but as price progressed in my favor, i keep reducing the s/l

In my next post i can show an easy method to trail (manual method)

 

@Shanx989 see attached image,

I put the eur cad sell trade on the chart (you can se the arrows with tp and sl) .......the red is a 13 ema....now I wait for a candle to completely close under the 13 ema....and then move s/l to a few pips above the 13 ema on the candle that closed (gray shaded area above candle#1).....and keep trailing ....if price did not hit my t/p, at the candle labeled 2 my s/l would have been just abv the 13 ema in that Gray area

 

Really appreciate the info will definitely put it to good use.

 

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