Do you want to have 3 trades for every trade opened and have a different TP for each trade ?
Ignored
Hi,
This EA have a fixed TP for all trades. When the first TP is achieved it close all open trades. I would like to have an option to have a TP with a step.
Example:
If it open a trade with a TP = 50 and Step=25 every time the price moves 100 pips.
First trade - price at 1000 - TP = 50 at 1050 Second trade - price at 900 - TP = 75 at 1025 Third trade - price at 800 - TP = 100 at 1000
Using “steps” I will have a average of TP, not fixed. In this case 25 pips per trade.
Do you mean for additional trades on the same pair? I thought the idea of the EA was to minimise losses by entering additional times. If you went for a larger TP you might end up hurting its efficacy.
Did you use default settings to produce that statement by the way?
Do you mean for additional trades on the same pair? I thought the idea of the EA was to minimise losses by entering additional times. If you went for a larger TP you might end up hurting its efficacy.
Did you use default settings to produce that statement by the way?
Ignored
Yes, additional trades on the same pair. The EA is doing great as in my statement, but I am doing different tests. The way that the EA works the order size is multiplied by 1.6, 2.0, 3.0 … or whatever works better for you, the default settings is 2.0. Using multiply = 2.0 if you start with 0.01 the next order will be 0.02 and them 0.04, 0.08, 0.16, …. As far as your “maxTrades” setting.
Pips = 200
L1 = 0.01 Total size opened = 0.01 Pips Coverage = 200 L2 = 0.02 Total size opened = 0.03 Pips Coverage = 400 L3 = 0.04 Total size opened = 0.07 Pips Coverage = 600 L4 = 0.08 Total size opened = 0.15 Pips Coverage = 800 L5 = 0.16 Total size opened = 0.31 Pips Coverage = 1000
So, you have to have a big margin account to go to level 4 or 5 and the risk increase dramatically.
Last week I started doing different tests to avoid this, see my weekly statement - 44% last slow week. The “multiply” is 1.0, so all orders will remain the same, but the TP is increased using “steps” or whatever you want call it. The advantage is: if the price keeping going against you will need less margins with more coverage pips.
Pips = 50
L1 = 0.01 Total size opened = 0.01 Pips Coverage = 50 L2 = 0.01 Total size opened = 0.03 Pips Coverage = 100 L3 = 0.01 Total size opened = 0.07 Pips Coverage = 150 L4 = 0.01 Total size opened = 0.15 Pips Coverage = 200
If you want to go 1000 pips coverage you only need 0.20 to do the same.
L20 = 0.01 Total size opened = 0.20 Pips Coverage = 1000
I know that I need bigger retrace to achieve my TP but less margin, that’s why I need more tests to find the best settings. Right now I am fixing the TP manually until I have it incorporate into the EA.
So I need help.
Yes, settings are default, only one change “maxTrades” I am using 4.
It seemed that someone has just deleted the post results of Scali-FXDD-3 on that thread today, because yesterday, I still could see it.
By the way, could you please attache your preset files of your other settings which you have used to forward-test this EA with the name Scali-FXDD-3. This testing has higher profit % with lower drawdown of 0.70% only.
By the way, can this EA be used on 5-digit brokers ? Does this EA comply with NFA's new rule on No Hedging and FIFO?
Hope to receive your further explanations soon.
Thanks and regards,
James
