Just about the following EA -
DecisionBar_Strategy EA
- DB_Strategy_Expert_v1.2 600+ EA is on this post. This advanced EA is using 2 indicators: DB_Strategy_5.0 EA 600+ and DB FX RiskOsc 600+.
As the people are asking about the setitngs so I want to remind the following: if EA is backtested so it can trade.
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The settings.
Try to play with the following parameters, for example -
TakeProfitMode = 1;
TakeProfit = 40;
dbChannelRatio = 0.5; (or 0.1 for example)
So, try to play with the following:
- TakeProfitMode - TakeProfit Mode:0-off,1-in pips,2-Upper/Lower band),
- TakeProfit - Take Profit in pips: from Order Open Price(TakeProfitMode=1) and distance from Lower/Upper Band (TakeProfitMode=2)
- and dbChannelRatio
Also - play with OrderMode parameter:
- OrderMode = 0; // Order Mode: 0-Market, 1-Limit, 2-Stop ,3-Limit & Stop
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Besides, you can play with the settings according to set files attached to find profitable parameters to create your own set file. This set file is just an example only so you can change it.
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And open this EA in MetaEditor to see/read all the parameters description to choose the right settings for them.
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And please note that EA is not trading in often way for example.
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Also - use stop loss.
For example -
- StopLossMode = 0; // StopLoss Mode: 0-off, 1-in pips ,2-Lower/Upper Band, 3-Upper/Lower Band (closest to price)
- StopLoss = 0; // StopLoss in pips: from Order Open Price (in case of StopLossMode=1), and distance from Lower/Upper for StopLossMode=2 and 3
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