Hi everyone,
Need info on some features in the EA. Using mostly the defaults, on IBFX 4 digit broker. ReduceFactor = 3.0, PipStep = 40, TakeProfit = 100, SL = 300, TSFlag = false, TrailingStop = 50, TStrigger = 20, SafeArea = 500, PipsGoal = 500, PipsLoss = 500.
I wanted to do testing on the Trend Alerts function, so I set the EA into different direction to force wrong trades - cool, no problems, it opened Sell trade Nr 1 at say 1.1000, Nr 2 then 40 pips later at 1.1040, Nr 3 then 40 pips later at 1.1080, all OK so far. THEN at 1.1100, it changed the SL of Nr 1 from 300 to 100 and closed Nr 1 at a 100pip loss! And same with Nr 2, closed for 100p loss at 1.1140, same with Nr 3 at 1.1180. But the EA SL setting is still set to 300.
What setting causes the SL to automatically change like this? I did not even get as far as setting a Trend Line Alert onto the chart!
When manually driving the EA, one can very easily get a 100+ pip re-tracement during a day, must be some reason why others are not having this happen to them?
Appreciate your thoughts on the above.
Regards,
Andy
Need info on some features in the EA. Using mostly the defaults, on IBFX 4 digit broker. ReduceFactor = 3.0, PipStep = 40, TakeProfit = 100, SL = 300, TSFlag = false, TrailingStop = 50, TStrigger = 20, SafeArea = 500, PipsGoal = 500, PipsLoss = 500.
I wanted to do testing on the Trend Alerts function, so I set the EA into different direction to force wrong trades - cool, no problems, it opened Sell trade Nr 1 at say 1.1000, Nr 2 then 40 pips later at 1.1040, Nr 3 then 40 pips later at 1.1080, all OK so far. THEN at 1.1100, it changed the SL of Nr 1 from 300 to 100 and closed Nr 1 at a 100pip loss! And same with Nr 2, closed for 100p loss at 1.1140, same with Nr 3 at 1.1180. But the EA SL setting is still set to 300.
What setting causes the SL to automatically change like this? I did not even get as far as setting a Trend Line Alert onto the chart!
When manually driving the EA, one can very easily get a 100+ pip re-tracement during a day, must be some reason why others are not having this happen to them?
Appreciate your thoughts on the above.
Regards,
Andy