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Forex A-Motion EA

  • #41
  • Mar 20, 2018 5:20am Mar 20, 2018 5:20am
Quoting syndicat
I see here a stop loss of 3% !!!!! {image}
Sorry i meant 3%

Please check the setting in the EA.

If its set to Risk Reward 3.0 then its correct

Craig
  • #42
  • Mar 20, 2018 5:26am Mar 20, 2018 5:26am
It's a LONDON BREAKOUT strategy and it doesn't make a profit....
"Money makes Money"
  • #43
  • Mar 20, 2018 5:32am Mar 20, 2018 5:32am
Quoting syndicat
It's a LONDON BREAKOUT strategy and it doesn't make a profit....
Its not a breakout system. Why so negative?

Look at yesterdays open on GBPUSD. It opened within the asain range and did not wait until a breakout
  • #44
  • Mar 20, 2018 5:36am Mar 20, 2018 5:36am
Quoting syndicat
I see here a stop loss of 3% !!!!! {image}
Anyway....that one your shouting about is USDCHF....which i said im currently testing as a basket trade.

I don't do negative comments on this thread.

Feedback is fine, but not SHOUTING negative comments
  • #45
  • Mar 20, 2018 5:42am Mar 20, 2018 5:42am
Quoting krager
{quote} Anyway....that one your shouting about is USDCHF....which i said im currently testing as a basket trade. I don't do negative comments on this thread. Feedback is fine, but not SHOUTING negative comments

I want help you propose a to remove stop loss, and on his place to present a pending order increased lot. It'll be more profitable.
"Money makes Money"
  • #46
  • Mar 20, 2018 5:52am Mar 20, 2018 5:52am
Quoting syndicat
{quote} I want help you propose a to remove stop loss, and on his place to present a pending order increased lot. It'll be more profitable.
And that idea is based on what evidence please?
  • #47
  • Mar 20, 2018 6:02am Mar 20, 2018 6:02am
Quoting syndicat
{quote} I want help you propose a to remove stop loss, and on his place to present a pending order increased lot. It'll be more profitable.
Can you check, that the setting in the EA is 3.0 so the stoploss calculation lot size is correct?
  • #48
  • Mar 20, 2018 6:13am Mar 20, 2018 6:13am
What kind of parameter is equal to 3 ? There is no stop loss in the settings..
"Money makes Money"
  • #49
  • Mar 20, 2018 6:23am Mar 20, 2018 6:23am
Quoting syndicat
What kind of parameter is equal to 3 ? There is no stop loss in the settings..
Where to place the stoploss is set within the EA.

The EA uses a hidden stoploss and also sets a hard stoploss to potect the traders account, just incase the internet goes down.

Im not at my PC now, but in the EA settings it states Risk Reward then the user inputs their risk profile.

Please screen shot the EA settings for me

Regards
Craig
  • #50
  • Mar 20, 2018 6:31am Mar 20, 2018 6:31am
Attached Image (click to enlarge)
Click to Enlarge Name: 666666.jpg Size: 483 KB
"Money makes Money"
  • #51
  • Mar 20, 2018 6:51am Mar 20, 2018 6:51am
Quoting syndicat
{image}
This confirms that the stoploss of 3% lost on USDCHF is correct.

Percent balance set at 3.0 is telling the EA to calulate the lot size to risk 3% of the account balance.

The risk reward setting is telling the EA to set the take profit level to 2:1 so when the take profit value would be 6% account growth gain

Regards
Craig
  • #52
  • Mar 20, 2018 7:07am Mar 20, 2018 7:07am
OK, we'll wait for the profit.
"Money makes Money"
  • #53
  • Mar 20, 2018 7:09am Mar 20, 2018 7:09am
First trade GBPUSD executed Sell at 1.40280... current price 1.40030.. still running
  • #54
  • Mar 20, 2018 7:24am Mar 20, 2018 7:24am
Quoting DemandSupply
First trade GBPUSD executed Sell at 1.40280... current price 1.40030.. still running
My real GBPUSDmicro account on xm.com GMT+2 broker sell
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180320-122210.png Size: 143 KB
  • #55
  • Mar 20, 2018 9:07am Mar 20, 2018 9:07am
At the moment, 5 stop loss and 1 take profit.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4.png Size: 127 KB
"Money makes Money"
  • #56
  • Mar 20, 2018 9:26am Mar 20, 2018 9:26am
Quoting syndicat
At the moment, 5 stop loss and 1 take profit. {image}
Remember your basket trading. Everyone else is on GBPUSD only

Your results are showing us which pairs this works on.

Can you please explain your reply regarding removing stoploss and using pending orders?

Regards
Craig
  • #57
  • Mar 20, 2018 9:39am Mar 20, 2018 9:39am
If the sell order was opened at the stop loss position, set the buy stop order with the specified increase factor (1.3 -1.5). The order is closed by take profit or to achieve breakeven.
"Money makes Money"
  • #58
  • Mar 20, 2018 9:43am Mar 20, 2018 9:43am
Quoting syndicat
If the sell order was opened at the stop loss position, set the buy stop order with the specified increase factor (1.3 -1.5). The order is closed by take profit or to achieve breakeven.
So your saying NOT to input any stoploss level at all?

Thats crazy.

Number 1 rule in forex, protect your main account.

If you used no stoploss, anda sudden economic event happened and the market went against your position you would lose everything.

Plan for the worst.

Regards
Craig
  • #59
  • Mar 20, 2018 9:45am Mar 20, 2018 9:45am
Another option is to leave the stop loss in place, but to open a buy stop order with the same lot
"Money makes Money"
  • #60
  • Mar 20, 2018 9:47am Mar 20, 2018 9:47am
Quoting krager
{quote} So your saying NOT to input any stoploss level at all? Thats crazy. Number 1 rule in forex, protect your main account. If you used no stoploss, anda sudden economic event happened and the market went against your position you would lose everything. Plan for the worst. Regards Craig
you will not lose anything because you will have an open order for buy and sell
"Money makes Money"
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