AOTI-EA-Assistant – Live Examples and Notes
Contents
- 1 Live Examples and Notes
- 2 Watching the price behavior on EURUSD and USDCHF
- 3 Closed with a Total Profit almost immediately after opening
- 4 Mode-3: Entry Level for Open Order
- 5 Mode-3: Entry Level for Open Order
- 6 Just a Few Precise Touching of the Levels
- 7 Mode-3: Entry Level for Open Order
- 8 Some Previous Results in Mode-1
Hello my friends. As you know, I don’t actively use AOTI-EA-Assistant in trading because I prefer manual trading with All-in-One Trade Indicator (AOTI). I wrote more about it here and here. By the way, if you haven’t seen them yet, I recommend you take a look. They contain a lot of interesting and helpful information about the AOTI indicator.
So, although I’m not actively using AOTI-EA-Assistant, I’m testing and improving it anyway, at least to make new versions of the EA for you and maybe eventually bring this EA to a fully automatic, which will work in “set and forget” mode. And in these notes, I decided to share with you my observations and ideas related to the use of AOTI-EA-Assistant.
Live Examples and Notes
Watching the price behavior on EURUSD and USDCHF
The target for Total Profit Module has been reached.
Now let’s look at the EURUSD and USDCHF pairs:
As you can see, the currency pairs EURUSD and USDCHF showed mirror signals, which is natural for these pairs because in most cases they move in opposite directions.
This is not always critical, but I like it (when I trade) when the AOTI indicator shows a Buy signal on one of these pairs and a Sell signal on the other. This is often a confirmation signal.
However, if the AOTI indicator shows signals in one direction (for example, buying both EURUSD and USDCHF), it does not mean that it is 100% impossible to trade on such a signal. But it does mean that in this case one has to be more attentive and careful and to keep track of which pair is going to tip the balance in its favor. In this case, the other pair can be closed at breakeven or even at a small loss, depending on the market situation.
Closed with a Total Profit almost immediately after opening
Mode-3: Entry Level for Open Order
Only 7 positions was open in Entry Level mode.
Mode-3: Entry Level for Open Order
Not all positions have opened because we used Entry Level mode to position opening. But in the result, those positions that were opened, gave us a Total Profit:
Let’s take the losing position of the EURJPY in this total profit as an example. Can we avoid this loss as well?
Let’s move to the higher time frame H1. And we see a strong support level, which is hard to break at the first attempt.
That’s why I keep reminding you of the need for a complex market analysis. It’s not easy, and it takes time and practice, but it will make you successful traders as a result!
Just a Few Precise Touching of the Levels
Switching to H1, and we see a strong support level to confirm:
Mode-3: Entry Level for Open Order
And now, let’s look at the ‘Mode-3: Entry Level for Open Order‘. Like everything else in this world, this mode has its pros and cons. Mode 3 allows us to open a position at the most favorable price on the plus side. And the minuses of this mode – if the price immediately moves in the needed direction, we miss the position, and the price goes to the target without us. That is why I often prefer to wait until the beginning of the volatile European session, see the price dynamics, and then open a position if I like what I see.
As we can see in the Entry Level Mode, not all positions had opened immediately because the price at that moment, when the screenshot was taken, had not yet touched the entry level.
Another position was opened later (than others) when the price touched the Entry Level. If the price had already reached the Min TP level, the position would not have been opened.
As a result, our positions reached a Total Profit:
Some Previous Results in Mode-1
At first, some previous results with Total Profit Close module activated, in ‘Mode-1: immediately Order Opening’ opening mode. In Mode 1, the AOTI-EA-Assistant is immediately opening a position at the moment when the Daily Levels appear.