).
Hi skyline,
i would like to ask some questions about the EA u developed for this system.
im using SRDCv2.1 btw.
if i using
StopLoss = 30
MOVE_SL_AT=10
MOVE_SL_TO= 1
SL_variable = false
TrailingStop = 15
When i enter a buy at 1.200, SL will be 1.260. when prices reaches 1.2010(10 pips profit), the SL will be changed to 1.2001.
Does the trailing stop still come into play when i use the move sl at function?
if it does, how does it work?
What i am trying to acheive with this EA is to have a sl of 30 initially. when trade is 10 pip in profit. move sl to 1 pip profit. then when profit is 30pips clear from new SL, the trailing stop starts working. so when pip profit is at 45 pips, we can lock in another 15 pips profit and so on.
Another alternative i can think off is that we have a few levels of move_sl_at functions. then we can set our custom made "trailing stop"
However it must not be able to backtrack to the previous set SL when the price starts going down.
I hope i sound right here
Thanks
If i were to use a 30 pip profit before placing SL to breakeven,44% of the trades would not hit a 30pip profit for me to move my SL. resulting in a 30pip lost.
If i were to use a 10pip profit before moving SL to breakeven or 1, only 16% of the trades were going to hit SL.
As im planning to trade this the conservative way, i would rather take a 1 pip profit from those trades and to earn from the other trades that can move more than 45 pips. From my very basic backtest, roughly 35% of the trade move more than 45 pips. which means a profit of 16 pips for each trade.
Doing a very rough calculation, with 100 trades we would get 16 hit SL for -480 pips, 35 hit 16 pips profit(this could be more as some pair move more than 45 pips on some moves) and 49 trades hitting 1pip profit making it a grand total of 149!
i know its not alot but its a conservative way of calculating
i welcome any comments on what i have written be it good or bad
