Continuously traded Double in a Day Forex EA

INTRODUCTION

Since our return to trading after a trader’s summer break we have been spending a lot of time trading the Double in a Day EA. The Double in a Day EA is a Forex Tool used by reasonably experienced traders to double their Forex account in one trade when they spot a potential volatile trade. The concepts can, not only more than double your trading account in 1 trade, but can generate considerable 7 figure growth when used in a sequence of successful trades.

It is a bit like fishing used to be. You need to be in the right place at the right time to catch the Double in a Day trade. To catch a big trade you sometimes have to fail 3 to 6 times and be really patient. Some traders are report good trades, however many do battle. We are currently publishing charts of successful trades to help traders identify trading conditions which may lead to successful trades.

DISCOVERY

During our trading we discovered good news!!

There are settings and currencies that are successfully when being traded on a continuous basis in any direction.

This discovery is very important as it could change the EA to a simple set and forget EA.

Why is this possible?

The Double in a Day EA can provide huge return on risk ratios. Ratios that allow you to be profitable even with a 95% failure rate. You make so much profit from a successful deal that it more than covers your losses.

Now we need your help, opinions and input to make the Double in a Day EA the best EA ever.

INITIAL TESTING PROCESS

If you would like to contribute to the analysis and testing of the changes to the Double in a Day EA please please read on:-

For this purpose we are using 6 currencies and buying on one chart and then selling on the other. So the EA is running on 12 charts for every setting / strategy.

The currencies are EURUSD, GBPUSD, AUDUSD, EURJPY, GBPJPY, AUDJPY

We are using 4 strategies

  • Using a 60 pip trend to make a 50% gain
  • Using a 85 pip trend to make a 70% gain
  • Using a 100 pip trend to make a 100% gain
  • Using a 130 pip trend to make a 100% gain

So we are running the EA on a total of 48 charts continuously.

For more details about the actual settings used please use this link:         DIAD Settings

PURPOSE

The purpose of the testing is to see overall:

Which currencies are better than others

Which settings are better than others

If positive results are being generated on a continuous basis.

What filters (changes to the DIAD EA) we need to introduce to improve results

INITIAL CONCLUSIONS

So the initial analysis tends to indicate that there are some changes required to the Double in a Day EA to make it more profitable than it is.

These are:

  1. We need a time of day setting which will allow us to tell the EA to only enter initial deals at certain times of the day
  2. We may need a day of the week setting which will allow us to tell the EA not to enter initial deals on certain days.