Quote:
Originally Posted by jgerousis
I do not shar you the same opnion. I have tested it on previous data, but no luck.
Anyway I cannot and I do not reocmmend peope to trade a No Stop Loss EA!
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jgerousis,
Your statement about stoplosses is not true. The earlier public domain version 1.x of Super RSI used two types of trailing stops; a traditional trailing stop with a user entered stop value, and the more popular "hidden" parabolic stop which would trail the order inside the EA and then when necessary, update the order...this was intended to keep brokers from stop hunting.
In the new Super RSI Deluxe 2.05, there are a multitude of new stop/exit mechanisms including:
1. A very robust volativity stop similar to a Chandelier stop that shadows an open order very tightly.
2. There is a Global Equity Closure option that allows the EA to close all open orders once a target equity % or value gain is reached, or when a target equity % or value loss is reached.
3. There is a momentum loss exit feature that closes orders when a loss of momentum is detected for the particular trade direction.
4. The EA uses advanced Adaptive Moving Average digital filters to determine precise entry and exit points for orders.
5. There is a "SafeProfit" exit feature to protect the initial base order when smaller incremental scale-in lots are activated and the market moves against you.
bluto
