Semi automatic EA (Driven Version)

Hi guys,

Just wanted to share my thoughts and hope to get good feedback from you all. So here are my thoughts,

As an employee I am very busy at work so I would like to have a minimal control over my charts, I only want day to day control, secondly no EA can work forever as the market keeps changing so I have to "drive" the EA manually (set the EA to "long only" or "short only"). Generate at least 500 points per month so far. It's very simple and easy and I'm going to show you how.

1. Open the EA 5-minute chart
2. Place templates and indicators on your daily chart

How to start and "drive" an EA
1. Look at the main trends on the daily chart, as shown below,
2. When you see a downward trend on the daily chart, "short only" the EA on the 5 minute chart and vice versa
3. When you see the trend changing on the daily chart, you must "drive" your EA on the 5-minute chart accordingly

The goal of this setup is to reduce stress since you won't be trading the news or sitting in front of your computer for long periods of time, just checking it once or twice a day.

How to drive EA Long or Short, please refer to the word file I attached.

For example:
Try backtesting GBP/USD for a 1-month period from August 1, 2008 to August 31, 2008, as the market was trending down throughout that month, set a price target of 100pips, and only go short, you would have gained approximately +3094pips in one month. FYI..the price range for the month is only 1067 points.
EURUSD backtest in August 2008, short only, price target 100pips, one month later you would have gained about +2135pips, price range is only 1029pips.
Then, you have a total return of 5229 points for these two pairs in the month of August 2008.

Whether this system works or not depends on your skill in driving this EA.

See the discussion link below to better understand this setup.
Starting from post 2090 page 140 to post 2168 page 145

http://www.forexfactory.com/showthread.php?t=7200&page=140

For you guys, if you need a "Trading Simulator" you can check out the link below.
http://www.forexfactory.com/showpost...&postcount=505

I'll try to keep this thread updated in a Word document so it's easy to read.

English is not my default language.

System updates.
We are currently adjusting how to minimize losses and protect our profits while the EA continues to gain pip value. Check here for updated systems.
http://www.forexfactory.com/showpost...postcount=1280

greeting
Samurai Power

"Wish us all the best in the universe"