Gnosis Diskussion

Thanks for the interest. This EA is pretty risky. It uses a type martingale technique. I love statistics so I tried an EA that is based on the principle of reversion to the mean and that the market is NOT a true random walk and must succumb to economic and psycholigical forces. In other words if the market moves in one direction it must at some point rebound back to the average directional movement (have a retracement). Directional market moves are finite before a retracement and if you can limit the risk and absorb a large directional movement eventually you must make profit. In practicality trading this way without limitations on the risk doesn't fit with my trading personality.

I have it trading here without stop loss or limitations on drawdown. For this reason I do not feel it is complete and is unsafe as I have not added a loss limit program to the EA yet but plan to. I have been experimenting with other ways to do this based on chart indicators and am still working on this.

It trades well on Instaforex because of high margin and low stop out level 20 %. At these risk levels it wouldn't last a week on the US 1:50 margin levels and high stop out levels. I had opened a live account with Instaforex (Micro lots) to try trading this EA with a small account and with much lower risk. However, when I went to deposit I found out that like many foreign brokerages they have blocked US traders. In fact this demo account keeps disconnecting and I think its because of my US IP address. I can’t blame the brokerages because it’s the US’s own CFTC bullying foreign brokers. To go off on a random tirade I am so irritated with the US CFTC suing any foreign brokerage firm willing to allow US account holders. Yes I live in the US and its my money, I can decide where I want to deposit it and how risky I wish to trade. The US has no problem with selling lottery tickets to the destitute or with the population squandering their life savings in Las Vegas but the CFTC says an experienced trader can't open a forex account with margin greater than 1:50, give me a break.

Anyway, this EA is not for sale. I'll keep trying to improve this EA and make the risk tolerable.