@pipbeast, If you set the daily target and it reaches the goal, will the EA close all trades or only trades controlled by the EA. For example I have a separate trade running and the EA reaches the target, will it close that trade also? Also, on the Friday close, does the EA close all platform trades or only the EA trades. Thanks for your help and congrats on the EA. maahome
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Maahome When the EA reach daily target EA will not open any more new trades from EA. you can trade manually. and EA will not close those trades unless close all trades set to true
{quote} Same here. Always 3 sell orders immediately placed.
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EA Use Different indicators to make the first set of trades. so EA not open trade same way always. it uses different indicators to start the new trade set. so it will be 3 sells or 3 buys or 1 buy or 2 sells etc.
{quote} Maahome When the EA reach daily target EA will not open any more new trades from EA. you can trade manually. and EA will not close those trades unless close all trades set to true
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Hi pipbeastfx, today i found that my account has large draw down with 9 consecutive sell trades againts uptrend in M5 chart. Is this suppose to be normal?
Good morning all.
Pipbeast is there a reason the EA is being kicked out from a pair?
i set it on audcad and while it does place it it just disappears after a couple of seconds...tried several times...same thing keeps happening
{quote} Same here. Always 3 sell orders immediately placed.
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It's just an observation regarding risk, but the problem with 3 initial sell trades is that if we set a lot size such as 0.04, we are immediately 0.12 lots deep. Then when it moves 3-5 pips away, it adds another 3 trades at 0.06, which totals 0.30 which is too large a position size for such as small move. If it was only a single trade of 0.04 and 0.06, it would only be 0.10 which is much more manageable and allows us to withstand a more sustained movement.
{quote} Maahome When the EA reach daily target EA will not open any more new trades from EA. you can trade manually. and EA will not close those trades unless close all trades set to true
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Hi pipbeast,
Just a heads up, I had the1.7 version an audusd and I also had another EA running on that pair as well. When it hit profit target it closed all AUDUSD trades including those being run by the other EA. May want to look at how it handles that.
Cheers
maahome
I'm testing right now ver 1.7 on GBPAUD which has also superb performance as I observed it. Testing started 0603H (GMT+9) and continuous up to now starting with a balance of 420 US dollars. Now it has a running profit of 48 dollars. The exhibited biggest drawdown is 270 dollars. . .However, may friend who started testing ver 1.7 also this morning on EURUSD experienced only a drawdown of less than 20 dollars and it is in profit of 28 dollars..... what may seem to be the coz of the difference in the drawdown?
{quote} Hi pipbeastfx, today i found that my account has large draw down with 9 consecutive sell trades againts uptrend in M5 chart. Is this suppose to be normal? {image}
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Yes its normal. And also minus 46$ mean not a large drawdown. You cannot make money witout risking some. How is your trade now. I guess now some of them hit the TP
Tested this EA for 6 straight hours using all the default settings and recommended pair (EURGBP) and timeframe (M5). Profit is $40. So far so good. Just that still not sure how it works.
I second this, I'm sure there is some default code you can find that is a 'trade monitor'. Something like the simple daily trend reversal EA as an idea.
Lets try to improve my profitable Grid Correction EA
