Forex EA Robot Trading Blog

With the current GBPJPY market rhythm ranging over a 500 pip range, the version 5 carrygrid will do very nicely.

The key differences are

1. The comments to tell you exactly what the EA is thinking
2. The trailing stop will lock in profits for you, which will take advantage of these ranging markets.
3. For every benefit there is a disadvantage, and if you trade with a trailing stop you will not profit as well on a big run up. However it is a nice safety feature, and i for one run my EA with the trailing stop on.

Labels: EA, GBPJPY, Ranging Markets, trailing stop

The version of the carrygrid running on the server is going to be updated today, to be version5, with the trailing stop feature activated at 50 pips. This is a bit like adding extra wheels to a car - it will mean it cannot reach top speed, but it has better stability. This will help reduce drawdown, and provide profits in ranging markets, but upwardly trending markets will not profit as much as in previous versions, as the number of positions will be reduced.

Labels: Carrygridv5, trailing stop

A new version of the CarryGrid is now ready, version 5. the two key improvements with this version are;

1. Improved comments to indicate what the EA is 'thinking'
2. A trailing stop option to lock in profits, rather than closing out on a trend reverse. This works very well especially in ranging markets, but also will work in trending markets. It will also help reducing the number of positions open when the price goes against the trend.

This version and future upgrades is currently available to subscribers only, but will be rolled out to all existing members over the next few weeks.

Labels: Carrygridv5, EA

The forward tested easypipsEA results are now coming through, and here is a link to them.
It is running on GBPJPY and GBPUSD on the daily chart. This has been made available to all existing CG purchasers, and going forward will be provided only to subscribers.

Labels: Easypips EA