Why? MetaTrader 5 version works nicely with FIFO. MT4 version may try to open orders in different directions, but if your broker adheres to NFA regulations, they will automatically close the position in case of opening a new one in an opposite direction.Somewhere on this forum is mention that this EA does some hedging, so my ibfx nfa compliant broker is no good for this EA?
If you optimizing all the parameters to get such results on some past period, I strongly suggest against running it on real account. You've overoptimized it for the past period and the chances are that it won't work so well in forward-testing.I ran optimizing on Finfx ecn acct mt4. Result is sl=40 & tp=300 and bar#=68 as result of looking for below 13% dd. 2000 bars = 4 mo 1hr gbpjpy.
Performance is $2000 profit on $2200 with 11% dd for 9 winning trades and 20 losers.
Anotherwords for every two 40 pip loser there is a 300 pip winner, not bad so I'm risking using on my real$ ecn acct. One section of test result has 5 losers in a row as worst case, even then the winner afterwards is ahead of the bad streak by 100 pips.
Tester is set to "open bar only" type testing. Often this misses tick performance that occurs in real life but in examining closely the results tab and where SL's got hit on playback chart bars its comforting seeing all ohlc of bars are taken into account by tester and it figures out each trade as if hitting sl's or tp's.
So wish me luck folks on real ecn acct.
I believe that this option + some sound money management strategy should do the thing. But I wouldn't risk too much money on this trading method.Or should I just use it any 4 pairs that's not correlated to diversify the risks, and just let run, and hoping that it will make a profit?