Nice couple of days for Forex Morning Trade with 2 winners @ 40 pips. Everything running smoothly on the Alpari platform.
Marcs also released a new EA with a few tweaks to the original – take profit is now 35, the stop loss is moved to break even when profit hits +20 and it also includes some ‘stealth’ features which prevent brokers ‘stop loss hunting’. The main added feature for me though is the ‘money management’ option which will compound your stakes as you go.
Apparently the changes to TP & break even level should add another 200 pips per year to the results or at least they have in back testing. I’m a bit loathe to change over yet with everything working as it should already.
I did some back-testing myself going back to February 2008 and the EA produced just over $4000 profit. This is without the money management feature which would have greatly enhanced those results. I’ve attached the chart and graph.
Profit +40 pips
More details here.
Forex Morning Trade Review