How to use the Robot Trading Pruning tool and why you should try Not to use it.
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- Опубліковано 22 тра 2024
- How do you use the Robot Trading Pruning tool, and why should you try not to use it?
Pruning is often misunderstood. It is not a trading strategy but a disaster recovery or avoidance tool, and it does not always result in better gains.
Please view this video for more information about:
1. Reasons why not to use the pruning function.
2. Manual ways of utilising the pruning.
3. Automated use of the pruning function.
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Please Note: This video promotes Expert4x products and services. This video is designed solely to provide ideas, entertainment, and education and does not constitute investment advice. It is not intended to substitute professional investment advice. Before making an investment or financial decision, contact your financial adviser. Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex and Financial instruments market, there is no guarantee that any information gained in this video or any Expert4x products purchased will produce favourable results and must be used at your own risk.
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I like the new feature. Thank you for adding it Alex. I am glad it is a feature that can be switched on or off.
Thanks for that feedback
Manual intervention is just what I was suggesting in the forum in one of my comments😊
It is always an option
Thank you so much Alex. This makes a lot of sense. I also believe like you said in the past that with EAs somewhat someone needs to manage trades and play a role to avoid high DDs by initially applying proper RM. By knowing when to apply the PRUNNING option and when not. This video give so much clarity and thanks for your efforts and your good heart. Stay blessed Alex
Glad it was helpful!
Thanks Alex well explained as always. I like the fire hose analogy
Glad you liked it!
I agree, as you say in the video, i get much better results in the backtesting if i try to prune at the 4th trade. The prune the last trade option is pretty good too!
Thanks for sharing
Thank you alex for the explanation video of pruning
You are welcome!
Hey, please add some new possibilities for EA Hedge to select or ( only) Buy or Sell directions to trade ( I want to decide myself direction to trade) and also a start trading price (ex EURUSD = 1.08300 to Buy or Sell) from selected pairs.Also for Profit Retriever do this . In plus Profit Retriever need to modify for first trade to close in pips or USD profit.If I selected to close at for example 50% or 30% ( < 100%) profit it's not working.
Unfortunately that conflict with the trading logic - also study the user manual to see the true functionality of the settings
Thank You !
Thanks for comment
Hi Alex thx for the video ,Ques:
are these upgraded settings avail now for PR ea , i have until 1.6 upgrade
that will happen this week
would be great have this pruning on the Almighty GTM ?
May not happen
Are we getting pruning in Wave Liberator,Hedged EA and Profit Retriever as well?
If yes then when.
This functionality is much needed in these EAs as well.
Yes Soon
are we having pruning on our lovely PR ea also? that will be cool☺
Yes soon
cant help but feel if ur historical backtest says a total of 8 open trades, seems logical to switch pruning on at 7 open trades with first and last setting enabled, then if it starts ranging at the top on the move then should be useful to clear out the older trades, reducing over DD and swap fees, a consideration worth making would be to turn pruning off once it clears 2-4 old trades, please release for Liberator as i would like to have this function asap,
You can switch it on after 8 or any number of trades. I plan to switch it off initially and only switch it on when I feel like it during the trade. :)
Pruning for the other EAs will be out soon
Hello Alex, I am a fan of your videos because they are so well explained. This particular one caught my interest. I have a robot, an EA, that is very efficient in ranging or weak trends, which is almost the majority of the time in the market I use, but it gets into trouble when the market starts trending more strongly. Can this robot, which includes pruning, be activated with another robot? More precisely, can this tool be used with other robots? Thank you and have a nice day.
No that is not possible
could you add a false entry sinals in our EAS ? our brokers or vps services are hacking our accounts
They have that already
@@Expert4x not in all eas, the tradable RSI does not have false entry
How are they hacking your trading account? this is disturbing
also please develop a seconds chart software so that we can scalp cyptos
Our EA work on all instruments but we specialize in Forex
@@Expert4x also works on cyrpto in the mt5
@@Expert4x i have done it before
@@Expert4x the only problem is the broker holding me hostage, i want to discourae people from copying my trades
@@Expert4x or provide the robot on ctrader and trading view
So it got a take loss engine now...
Only if you Want to