Hi , If you could test this out with your EA as well, as I back tested this theory over 83 trading days manualy.
Take this week, Monday a buy occured, once at 20 pips profit move stop to 20 pip sl, trade took 40 pips profit.
Tuesday a sell occured, once at 20 pips move stop to 20 pip sl, trade took 40 pip profit.
Wednesday a sell occured, once at 20 pips profit move stop to 20 pip sl, trade then took out at a 20 pip loss, but would have hit 40 pips.
Thursday a buy occured, once at 20 pips prfoit moved stop to 20 pip sl, trade came back and took out a 20 pip loss but would have hit a 40 pip loss.
Today, trade triggered a sell, once got to 20 pips profit moved stop to 20 pip sl, we got within a few pips of taking profit, and price turns back up. Right now at 10pips profit. So even if we get stopped out at -20pips today am still up by 20 pips instead of a loss.
Over the 83 trades I back tested manually, I found these results, 42 winning trades and 12 losing trades, if used the move sl to 20 pips once at 20 pips profit rule, 1 trade out of the 42 winning trades hit a 20 pip sl, and 9 trades also hit the 20 sl with other 3 still hitting the 40 pip sl.
Result was 41 winning =1640 pips profit
1 winning trade turned into a losing of -20 pips, so = -60 pip loss
3 still stopped out at 40 pips = -120 pip loss
9 only hit a 20 pip sl = -180 pip loss
Total = 1280 pips profit instead of 1200 pips profit. I know it's only 80 pips more, but I wonder how much that would be over a year term? But I am unable and don't know how to test!
cheers joffie
ps great system!
