Probability EA 7.1.2

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Probability EA 7.1.2The philosophy behind this EA is that trading with the trend produces the highest probability of profits, but the trend can turn at any second. Rather than place a large order from the beginning, place consecutive smaller orders as the trend develops in your favor. If the market turns, you momentarily lose only a small amount rather than a large amount, had you placed a single large order from the beginning. But as the trend develops, so do your profits.

1. Determine the trend and always trade in that direction. 2. Rather than take one large position, take a small position and then add more small positions incrementally every 5-20 pips. 3. If the trend changes, start to close trades. 4. Close all trades at a preset target level and start over. Read more…

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