Hello Group,
I have been using a great EA that does a wonderful job until the market takes a right hand turn and drops 500-600 pips in a day. What type of protection do you all suggest to prevent such a drop with no retracement? Yes, I know the best protection would be to just turn it off, but I would like either a stop-loss (the one in mine doesn't appear to work) or an indicator that stops all trade when a massive change occurs. I am open to all suggestions and help in coding. I would be happy to share the end results if I can just can some quality help. I've attached my statement. After the attached statement I stopped trading the usd/jpy and usd/chf because they truly didn't help the bottom line.
I really have no experience in coding MT4.
Any help would be very appreciated.
I have been using a great EA that does a wonderful job until the market takes a right hand turn and drops 500-600 pips in a day. What type of protection do you all suggest to prevent such a drop with no retracement? Yes, I know the best protection would be to just turn it off, but I would like either a stop-loss (the one in mine doesn't appear to work) or an indicator that stops all trade when a massive change occurs. I am open to all suggestions and help in coding. I would be happy to share the end results if I can just can some quality help. I've attached my statement. After the attached statement I stopped trading the usd/jpy and usd/chf because they truly didn't help the bottom line.
I really have no experience in coding MT4.
Any help would be very appreciated.
Attached File(s)
PFG Start August 19, 2007.zip
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