After previous forward test of Forex Funnel EA, I have been trying to make some tweaks to make it more safer. The most enemy of this EA is strong bullish without retracement. So I made safety belt for this EA :
- EA will stop running when free margin is only X % left.
- EA will make a cut-loss for the biggest loss if free margin is only Y % left.
Due to my lack of spare time, that’s the only things I could figure. I had ever made a safety based on Moving Average, but that made the EA works inefficient.
Fortunately I had a comparison when other member of FXopen forum re-do another forward testing on this EA.
And my safety belt has been proofed !!!
Forex Funnel EA’s “Biggest enemy” showed up on 19th/11 when USD news “Building Permits” dan “Core CPI m/m” has been released on 20.30 PM (GMT+7). EUR/USD instantly made strong bullish (until almost 200 pips) without any considerable retraces.
I didn’t have a chance to watch it closely. But in the morning my demo account was still survived when the comparison demo account got Margin call while his original EA keep opened short positions until 5 level (3.2 lot) and drawn by bullish market into more than 156 pips faraway before finally got MC.
The “weird” is, my tweaked EA, amazingly survived by “following” trend. It opened several buy positions when the price rallied up and sell positions when the price went down.
Actually, I myself was surprised with this comparison, as my demo account dd not opene any sell limit which it supposed to be. There was only 1 sell limit (ticket 8184488) which has been canceled on 19.19 PM server time ( 23.19 AM GMT+7 )
But I do hope that it’s because of my “safety belt”.
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