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EA development journal

  • #281
  • Mar 29, 2018 6:39am Mar 29, 2018 6:39am
Just to add to my thoughts regarding P/L controle for Exit.
Guys, we all know that money management is the key. Many trader try to limit risk with SL and TP Levels. And then invented addional things like hidden SL levels etc to avoid SL fishing etc. Every trader just need one think to know.. What i am ready to risk and what profit i accept for my risk.
These two figures are only relevant. By setting Trailing stops you never know what you will get at the end of day.
Even if you place the comfortable. Many signals need to take their time. As I said markets are much more volatile. The ranges are much wider then in the past.
With trailing stops you often kill the potential profit expectation. Sending too many SL adjustments also cause problems. Invalid stops errors etc.
I was former Head of FX Sales at SVS Securities, a small London FX Broker. Believe me, a trader who puts so many requests to server would have been on our radard. And not in a positive way.
  • #282
  • Mar 29, 2018 6:47am Mar 29, 2018 6:47am
Quoting kevinkevin14
{quote} oh my so is Pac34. I need to start from a clean slate, sorry guys for my misleading feedback thus far
here is guide to setting equity trailing on different lot sizes .
0.01 lot trailstart =$3.9 trail width = $2.7
0.1 lot trailstart = $39 trailwidth = $27
0.2 lot trailstart = $78 trail width =$54
note that is my preference
you could
0.01 lot trailstart = $7 trailwidth =$4
0.1 lot trailstrt = $70 trail width = $40
etc etc
  • #283
  • Mar 29, 2018 6:51am Mar 29, 2018 6:51am
Quoting Dayi
Just to add to my thoughts regarding P/L controle for Exit. Guys, we all know that money management is the key. Many trader try to limit risk with SL and TP Levels. And then invented addional things like hidden SL levels etc to avoid SL fishing etc. Every trader just need one think to know.. What i am ready to risk and what profit i accept for my risk. These two figures are only relevant. By setting Trailing stops you never know what you will get at the end of day. Even if you place the comfortable. Many signals need to take their time. As I said...
I am your student . you giving us knowledge from the inside . awesome
  • #284
  • Mar 29, 2018 6:55am Mar 29, 2018 6:55am
I have just checked redbarons TE I see it has limit orders . good to see code is executing.but order is 11 hours old . I will fix that
  • #285
  • Mar 29, 2018 6:55am Mar 29, 2018 6:55am
Quoting candyman752
{quote} you said You have to know what profit or loss each cycle is able to generate VERY CRITICAL still trying to get a clue on that
to avoid misunderstandings. By setting P/L Controle you can controle it.
So you have to see it all in all. You set your max loss with P/L at -0.2% for all open positions together. Once these P/L level is reached the EA kills all open positions and all pending orders. Thats a whole cycle that ended then. After having closed everything the EA starts from new
Same on profit side. Only change is that once a certain positive P/L level is reached ( I would prefer +0.4%) it kills only all pendings only first and set a new max loss P/L level (I would prefer +0.3%) and cycle is ending after it hits that adjusted P/L level or your max profit level (in my case 0.6%)

So having said that, I Know exactly that a cycle can cause 0.2% loss max, 0.3% profit or 0.6% profit in best case.
  • #286
  • Mar 29, 2018 8:16am Mar 29, 2018 8:16am
post 1 has been updated .
PACv34SWTdayiLimitV5
i blocked break even and trailing in above
SwingTrader_With_LimitOrdersV2
SwingTraderV3
all updated with code for limit orders to expire in time you set
  • #287
  • Mar 29, 2018 8:34am Mar 29, 2018 8:34am
Quoting Dayi
{quote} to avoid misunderstandings. By setting P/L Controle you can controle it. So you have to see it all in all. You set your max loss with P/L at -0.2% for all open positions together. Once these P/L level is reached the EA kills all open positions and all pending orders. Thats a whole cycle that ended then. After having closed everything the EA starts from new Same on profit side. Only change is that once a certain positive P/L level is reached ( I would prefer +0.4%) it kills only all pendings only first and set a new max loss P/L level (I...
http://www.stevehopwoodforex.com/php...81&hilit=saptm
Attached File(s)
File Type: mq4 sAPBM122.mq4   37 KB | 273 downloads
  • #288
  • Mar 29, 2018 8:39am Mar 29, 2018 8:39am
Quoting Dayi
{quote} to avoid misunderstandings. By setting P/L Controle you can controle it. So you have to see it all in all. You set your max loss with P/L at -0.2% for all open positions together. Once these P/L level is reached the EA kills all open positions and all pending orders. Thats a whole cycle that ended then. After having closed everything the EA starts from new Same on profit side. Only change is that once a certain positive P/L level is reached ( I would prefer +0.4%) it kills only all pendings only first and set a new max loss P/L level (I...
http://www.stevehopwoodforex.com/php...482&hilit=APTM
the above post and this post are basket manager with percentage .i tried using in past a bit complicated.
maybe you can figure it out
Attached File(s)
File Type: mq4 milaneseAPTM_256.mq4   106 KB | 281 downloads
  • #289
  • Mar 29, 2018 8:45am Mar 29, 2018 8:45am
Quoting Dayi
{quote} to avoid misunderstandings. By setting P/L Controle you can controle it. So you have to see it all in all. You set your max loss with P/L at -0.2% for all open positions together. Once these P/L level is reached the EA kills all open positions and all pending orders. Thats a whole cycle that ended then. After having closed everything the EA starts from new Same on profit side. Only change is that once a certain positive P/L level is reached ( I would prefer +0.4%) it kills only all pendings only first and set a new max loss P/L level (I...
http://www.stevehopwoodforex.com/php...h%E2%80%A6mptm
Attached File(s)
File Type: mq4 Multi purpose trade manager.mq4   221 KB | 276 downloads
File Type: pdf Multi Purpose Trade Manager User Guide.pdf   103 KB | 612 downloads
  • #290
  • Mar 29, 2018 9:13am Mar 29, 2018 9:13am
Quoting Dayi
Just to add to my thoughts regarding P/L controle for Exit. Guys, we all know that money management is the key. Many trader try to limit risk with SL and TP Levels. And then invented addional things like hidden SL levels etc to avoid SL fishing etc. Every trader just need one think to know.. What i am ready to risk and what profit i accept for my risk. These two figures are only relevant. By setting Trailing stops you never know what you will get at the end of day. Even if you place the comfortable. Many signals need to take their time. As I said...
redbaron i have bloked break even trailing stop as advised in above post . Get ready to ride out some
  • #291
  • Mar 29, 2018 10:14am Mar 29, 2018 10:14am
Quoting candyman752
{quote} redbaron i have bloked break even trailing stop as advised in above post . Get ready to ride out some
You know me I'm always ready for a good ride I'm getting double buys/sells again, no hedge as well...something went wrong on that cross? Please ignore any trade that higher then .01 as those are mine.
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  • #292
  • Mar 29, 2018 10:19am Mar 29, 2018 10:19am
Quoting Redbaron81
{quote} You know me I'm always ready for a good ride I'm getting double buys/sells again. This normal? Please ignore any trade that higher then .01 as those are mine. {image}
it's normal if you have every tick mode as true on a live account .
is your tickmode set to true.
  • #293
  • Mar 29, 2018 10:26am Mar 29, 2018 10:26am
Quoting Redbaron81
{quote} You know me I'm always ready for a good ride I'm getting double buys/sells again, no hedge as well...something went wrong on that cross? Please ignore any trade that higher then .01 as those are mine. {image}
you said something went wrong on that cross?
which cross ? combining ea's you mean
  • #294
  • Mar 29, 2018 10:29am Mar 29, 2018 10:29am
four days trading TE started $190 and now is $ 270. $80 profit .with 0.01 lots.
but still want to see it go into a $50 dd and dig it's way out.
  • #295
  • Mar 29, 2018 10:29am Mar 29, 2018 10:29am
Quoting candyman752
{quote} it's normal if you have every tick mode as true on a live account . is your tickmode set to true.
Nah none of the settings have tick mode on, not sure why its doing that. So far only one EA running, didn't setup the second one yet.
  • #296
  • Mar 29, 2018 10:42am Mar 29, 2018 10:42am
Quoting Redbaron81
{quote} Nah none of the settings have tick mode on, not sure why its doing that. So far only one EA running, didn't setup the second one yet.
difficult one .do you have swing trader or pac.
  • #297
  • Edited 11:02am Mar 29, 2018 10:48am | Edited 11:02am
Quoting candyman752
{quote} difficult one .do you have swing trader or pac.
Pac just updated to V5. Was on V3 when this happend. Running both Pac and swing trader on one account lol..
  • #298
  • Mar 29, 2018 11:13am Mar 29, 2018 11:13am
Quoting Redbaron81
{quote} Pac just updated to V5. Was on V3 when this happend.
could you use swingtrade without limit order . which what is in TE on this thread . i need to compare and see if this is a problem occurring both live and demo.

i need to trouble shoot apple for apple

https://www.forexlive.com/orders/!/m...-idea-20180329
morgan stanley are long usdjpy their stop loss is 160pip
  • #299
  • Mar 29, 2018 11:22am Mar 29, 2018 11:22am
Quoting Redbaron81
{quote} Pac just updated to V5. Was on V3 when this happend. Running both Pac and swing trader on one account lol..
i forgot to change trade comment. so it cold be PAC sent trade and swing sent trade.
so all should be well
  • #300
  • Mar 29, 2018 11:25am Mar 29, 2018 11:25am
Quoting candyman752
{quote} could you use swingtrade without limit order . which what is in TE on this thread . i need to compare and see if this is a problem occurring both live and demo. i need to trouble shoot apple for apple
My current setup, let me know if you want me to change anything CM. PAC is magic 0 Swing is Magic 1
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