Topic: Trending Market
Hello, I was using for three months an Expert Advisor created by "FSB Pro" and it was going pretty well until the beginning of this bullish move in EURUSD. I read that many Expert Advisors fail when the market is in a strong trend - trending condition. With this bullish move in the EURUSD, my account blew. I lost a lot of money. I'm writing here, hoping to receive instructions that will help me improve how I'm using the program.
Let's look at the strategy I was using:
Initial Account: $1000
Acceptance Criteria: 10 Maximum ambiguous bars and 100 minimum count of trades.
Data horizon: 100,000
Strategy Properties: Entry amount 0.01, Add 0.01, Reduce 0.01. Only BE with 2065 points.
Opening Point of the Position: Bollinger Bands
Opening Logic Condition: Moving Average Crossover
Closing Point of the Position: Trailing Stop Limit (Initial Stop Loss = 859 points and Take Profit 934 points)
Some considerations: The reason I choose M5 is due to the fact that I have better results in less time. Not to mention, that there is less stagnation.
1. What is the best strategy to improve Expert Advisor performance on a trending martket?
2. Considering your experience, there is any timeframe that can perform better than the M5 (with little stagnation)?
Thanks for your guidance, guys!