Dislikedmy account $5000, lot size 0.03, trade at 3:00, after 1 day, profit reached $63, now, profit is $9, It seems impossible to reach 5% profit with 0.03 lot size. how much lot size is 5% profit target based on?Ignored
Here is the formula I personnally use :
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if (AccountProfit()>5*getLots()*100||AccountProfit()<-8*getLots()*100) { CloseOrders(); Sleep(5000); }
For 0.01 lots per order, the EA will close the trades with 5$ of profit or -8$ euros of loss overall.
My lot size is calculated dynamically in regards to the account size.
My "Risk" parameter in the following code snippet is set to 1.9 so that it will trade 0.01 lot per order per 100$.
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double getLots() { double Lot; if(UseAutoLot == true) { Lot=NormalizeDouble(AccountBalance()*0.0015/28*Risk,2); double Min_lot = MarketInfo(Symbol(), MODE_MINLOT); if (Lot <= Min_lot ) Lot = Min_lot; if (Lot>MaxLot) Lot=MaxLot; } else { Lot=StaticLots; } return(Lot); }
I have also implemented a time filter because i remarked the trades are going opposite direction by the end of the NY session.
I skip asian session also for the same reasons plus the low volatility in the markets.
I decided not to trade NZD pairs because I don't like their behaviour.
Here is the EA I coded...
The EA shall be placed on a SINGLE one minute chart and the trend indicator just goes into the indis folder, no need to load it on the chart.
All suggestions of improvement are welcome
Attached File(s)
FTC_3_EA.ex4
25 KB
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231 downloads
Trend indicator.ex4
24 KB
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350 downloads
"Jesus saith unto him, I am the way, the truth, and the life..." John 14:6
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