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Author Topic: EliteIT4U  (Read 2445 times)

Online diyforexskills

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Re: EliteIT4U
« Reply #15 on: September 18, 2021, 07:26:49 AM »
SuperHTrader

I got fed up with losing so I changed the settings.

I had been trading with TP of 10 and SL of 30 pips figuring that should yield a net 20 pips profit every 10 trades if Win ratio was 80% or higher. But that failed.

So I changed SL to 100 pips and TP now has TP of 10 and TS of 7 at 8 pips in profit. So more of a scalper now.

Much better so far as I have not had a 100 pip loss as yet. So if such a loss occurs only every 20 trades or so we should be profitable.

So far so good. Eighty trades later, trading 13 pairs, we have only had two 100 pip losses this week and are $200 ahead trading mini lots.

So let's try this a bit longer.


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Re: EliteIT4U
« Reply #16 on: September 21, 2021, 06:02:53 AM »
SuperHTrader

I got fed up with losing so I changed the settings.

I had been trading with TP of 10 and SL of 30 pips figuring that should yield a net 20 pips profit every 10 trades if Win ratio was 80% or higher. But that failed.

So I changed SL to 100 pips and TP now has TP of 10 and TS of 7 at 8 pips in profit. So more of a scalper now.

Much better so far as I have not had a 100 pip loss as yet. So if such a loss occurs only every 20 trades or so we should be profitable.

So far so good. Eighty trades later, trading 13 pairs, we have only had two 100 pip losses this week and are $200 ahead trading mini lots.

So let's try this a bit longer.

Not losing but treading water with these settings. So time to try another adjustment.

As can be seen in the image for EURUSD, the signals usually provide for much more than a 10 pip profit; same for most of the pairs I am testing. So have set TP to 20 with TS at 15 pips trailing by 10 for a few of the pairs to see how that goes.
« Last Edit: September 21, 2021, 06:05:18 AM by diyforexskills »


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Re: EliteIT4U
« Reply #17 on: September 27, 2021, 02:46:04 AM »
Had to use my demo platform for some other testing and so no update on the new settings as per previous post.

But now all set to go on 14 pairs each of which show a Win Ratio of over 75%.


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Re: EliteIT4U
« Reply #18 on: September 28, 2021, 04:55:19 AM »
Nice start

These new settings are working nicely at the moment. $150 profit in less than two days but before we get excited, there is a possible $100 loss coming up.

I think that a bit more tweaking of the BE and /or TS settings will be in order, but will leave that to next week to see how these settings go.

There is also the option of closing on the opposite signal with this EA. So plenty to keep me interested.


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Re: EliteIT4U
« Reply #19 on: October 05, 2021, 06:31:04 AM »
Nice start

These new settings are working nicely at the moment. $150 profit in less than two days but before we get excited, there is a possible $100 loss coming up.

I think that a bit more tweaking of the BE and /or TS settings will be in order, but will leave that to next week to see how these settings go.

There is also the option of closing on the opposite signal with this EA. So plenty to keep me interested.

... but the profits never seem to last. Have now switched to the Close on Opposite Signal setting to see how that works. So far not so good but we'll give it a few more days.


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Re: EliteIT4U
« Reply #20 on: October 10, 2021, 04:08:20 AM »
Nice start

These new settings are working nicely at the moment. $150 profit in less than two days but before we get excited, there is a possible $100 loss coming up.

I think that a bit more tweaking of the BE and /or TS settings will be in order, but will leave that to next week to see how these settings go.

There is also the option of closing on the opposite signal with this EA. So plenty to keep me interested.

... but the profits never seem to last. Have now switched to the Close on Opposite Signal setting to see how that works. So far not so good but we'll give it a few more days.

And that does not work either although we did get some nice winning trades. Will now try adding a TS after 20 pips while continuing to rely on the Close on Opposite Signal for the exits.


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Re: EliteIT4U
« Reply #21 on: October 31, 2021, 04:01:47 AM »
No more testing

Just cannot get any consistent results with this Super Hybrid Trader, so am stopping with the testing. It's a nice piece of software but the entry signals are just not good enough to run on full auto.


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