Mosquito EA Discussion

Francesco7304 posted:
@jackcallum Mosquito is not a grid or martingale EA indeed. Regarding the AUDNZD trades:

1. In the discussion of Seagull EA on Aug 15 , Aug 27, and Sep 17, we clearly expressed our bullish AUDNZD views.

Please see screenshot 1 ,2 and 3.

2. The first position of AUDNZD was on Aug 14.

3. The Analysts of BofA Securities also bought AUDNZD on Aug 24.

Please see screenshot 4.

4. Although we added some positions on this idea, but 0.2 Lot per trade is quite light compared with the $45K balance.

5. The reason to add positions is trend does not develop well, and Mosquito wanted to find a better entry.

6. The reason to close all the positions is also the trend does not develop well, and the swap is too high, so we manually closed all of them.

7. Mosquito is still keeping a close eye on the pair, look to buy dips again.

8. As far as we know, adding some positions is very common for professional traders. In screenshot 5, we can see how Ms. Karon Jones controlled the risk when she was working at CommerzBank. However, for most retail traders, as they do not have Fundamental knowledge, do not know the major trend, and can not control the total risk, adding positions becomes extremely risky work... :)

Please see screenshot 5.

9. In our experience, how to define the criterion of grid and martingale is very important.

I hope this could help.

Welcome to all kinds of discussion.

Thanks,

9to5forex posted:
How did you get there man +15343.92%!!!!!!!!

Naqh posted:

9to5forex posted:
How did you get there man +15343.92%!!!!!!!!

It's easy, manipulation of deposits.
Just beware of this signals to copy, since he must be not have any of loss prevention or risk mitigation. lookout for the equity dropout.

Francesco7304 posted:
@GeorgeSnow Thanks mate. AUDNZD keeps trading above Daily and Weekly Ichimoku Cloud, and weekly MACD is trending higher. Although some near-term consolidation can not be ruled out, we still target 1.1354, 200 month average.

Regarding the potential Daily reversal candle posted last Friday, the price did not close below any keep support resistance yet. It is not a valid short term top sign.

Moreover, please note that no indicators can be used isolately. Candlestick patterns can well represent the price action in a certain period, but Quantified or Backtested signals should be more reliable than experience. Fundamental impact is also a key pricing driven factor.

We need to synthesize a variety of fundamental and technical results to get our own judgments and constantly revise them in order to survive in the market over the long term.

I hope this could help.

Thanks,