I think it's testing the bounderies of the channel after the breakout before falling again.

First one survived Spikes up to down 60 Pips.... settling a bit lower.

Thank you very much for your warning - greatly aprechiated! Just now we had a channel breakout south - a clear downward sign, which gives me also a good buffer of about 100 pips (atm) for spikes. Also if I look at the monthly channel, there's plenty ...

Could have taken the 40 pips right now. I'm usually skalping channels or channel-breakouts. I would find the exit-point using a fibonacci expansion. But inspired by this thread I think I'll give position-trading a try and hold it all the way down ...

Still a perfect channel — Still a perfect channel - but this time I couldn't resist to place a sell-order at the spike's top . Cheers

Great Thread ! — Great thread PipTrapper ! I'm following it almost from the beginning (yes I've read post 1 ). I'm sitting on my hands waiting for going short. But right now I think there's too much channel-pressure on the gap-resistance - ...

debugging — Hi Martin, If you don't mind - I could help debugging as well. Cheers Martin

Maybe you could provide your exact settings (just save the settings file in the backtester), symbol and time when the error occurred - so I can backtest it . Cheers Martin

As far as I can see, it's not in the code: In the part: if (OpenTrades == 1).... there should be one for 2 (or >=1) OpenTrades then also the if (TradeOrigin == trendorigin) LookForTradeClosure(); looks for the trade closure - which then sets: ...

I think it's because the StartCarolco() function which includes the deletion of the pendings is only called if in trend mode: if (trend != ranging && AllowTrendTrading && Volatility >= MinimumTrendTradingVolatility) { if (!UseCaterpillar && ...

Hi Steve, I'm testing all parts of the EA and while I was testing the Range-Trade without recovery the behaviour was strange. I think I found something in the code where parts are for recovery where they shouldn't be and some parts where a range ...

lot size of multi currency baskets — A nice approach for the lot size of multi currency baskets is here: url 7bit invented a nice connector from MT4 to "R" (math/statistic programm). cheers osthafen

With veryFastMA I mean just look at the present (not yet closed) candle and take the Median price, (high+low)/2 with the low being the price touching the line. In the EA this would be: veryFastMA=GetMa(PERIOD_D1, 1, 0, MODE_SMA, PRICE_MEDIAN, 0); ...

Thanks ! I'm allready playing :-) trying to find a better exit for the trend trades. What me annoys is the price just touching the line and then continuing to trend. I'm just experimenting with a veryFastMA instead of the actual price to touch the ...

I see. So this part could be dropped if we just call it when the trade was a trend-trade (I think because of the daily-MA calculation sometimes the line could "jump" on the other side of the open, also weekend-gaps could lead to an open inside the ...

While updating, maybe you could also have a look at the TradeClosure code itself: I attached a chart with an arrow where the trade should have been closed, but due to the "open"-part it wasn't: if (OrderType() == OP_SELL) { if ((Bid > FastTrendMaVal ...

trend trade closure — Hi Steve, thank you very much for your EA(s). So far I've learned a lot of MQL4 just by studying your very good readable code. While backtesting I was wondering why the trend trades didn't close as they're supposed to do. ...

Should be '10.0 4H CTR BOTH B': url

good setup - do you use a special MPTM-EA for this ?

Somehow. But the present candle needs more rules than the previous ones. So it's considered if Bid is higher/lower than the previous high/low. Only if the previous candle was allready an UT/DT high/low is not used.