I followed the “free course” with the 5 EA’s and I started experimenting with them on my VPS and a brand new account.
Yesterday I was surprised for a thing in the GBPJPY M15 strategy (Bollinger bands + RSI filter). Looking at the video, I understood that the EA was supposed to close and reverse, if a position is open, whenever price closes/opens outside the opposite Bollinger band. Actually, in the pic below, you can see that this was not the case (left circle: short trade; right circle: new buy signal but no SAR).
Why is it so? Any problems with the EA?
Incidentally: I am a very expert coder, using MT4 for the last ten years, at least. There is no gross mistake, like allowing just uni-directional trading. I kept standard EA settings as in the download, besides lots traded.
As far as I know this EA from the course of Petko was created with EA Studio. And in EA Studio there is no option to reverse the trades. So I guess the EA is not designed to reverse the trades at first place.
Good point here! In the lectures, I explain how to use these strategies manually. Now, as said above, the EA for this strategy does not have the reverse option. However, I will have a look at it during the weekend and I will add it if it shows better backtest results.
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