Sorry but I'm not very confortable with english, what does "when the market is above average price" mean ? How do you get the average price ?
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DislikedHey Zen, great work on the EA! The ver 1 has made over 10 percent on my demo, how ever it is refusing to work on IBFX mini accounts, i see no messages such as "Ea is working/Ea is sleeping"
Also the the experts tab says "2008.07.23 19:27:03 Super_Carry_Trade_ver1 GBPJPYm,H1: zero divide"
Is this something to do with ibfx having a 'm' after the trade symbol? Such as GBPJPYm?Ignored
DislikedThe EA refused to work further because it encountered a divide by zero when calculating the average price.
Zen/ some buy orders has no TP as well, u need to check the LowestPrice against the current price as well to see if the lowest price is higher or lower than the current priceIgnored
DislikedHello,
I am running EA on FXDD demo. When it opens trades it puts take profit on first order. My understanding was that first order stayed open with no TP. Did I miss something or set up EA wrong??
Thanks
MomboneIgnored
DislikedThe first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.
It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.
This is all real easy to see on Oanda.Ignored
DislikedSo that is where the new ladder would begin after what ever drawdown we choose?? By the way how's life at COA?
Thanks
MomboneIgnored
Dislikedhi dreamliner
what s your lastest version is it v1.01 b ? when i test it i just leave it to default ?
regardsIgnored
DislikedThe first order does indeed take profit; there is no reason for it to stay open. As long as the market is moving up we take profit, increase our balance, and compound.
It is only when the market sinks that we put an order in with no take profit, which has the benefit of lowering the "average price" (blue line in Oanda) so that when the retracement comes we can exit lower, at a profit.
This is all real easy to see on Oanda.Ignored
Dislikeddreamliner
i just want to see if i understood well your system :
1- i place a market order 0.5 % of my balance . with 10 pip profit and i place pending buy orders 10 pip away from the entry price with 10 pip profit until 400 pip .
if the market reverse and go the other way i wait until i m 200 pip dd and i start placing one buy order everyday without TP . i hope i understood well if no please correct me .
and by the way what you mean if we have more than 1 order open and its positive and above average we close all a ?
how long you have been trading this and how much was the worst dd you have seen ?
thanksIgnored
DislikedOK, so.......I have to admit that all this time I have had this wrong. I was initially entering my market order with no take profit and putting TP's on all my stop orders in the ladder. I assumed the benefit was that when in an uptrend, you would collect the interest by holding your initial position, then when a top was achieved you averaged the price down between the top and the initial position. So it's TP's on all initial orders, and no TP's on the buy downs, just the new ladder built from the buy down. I think I have it right now?
RichardIgnored