PBME - Multiple Exit EA

PBME is a tool that enables you to manage your open trades on a specific pair. You can attach this tool to a chart and it automatically manages StopLoss and TakeProfit on all trades that are open on that specific pair.

For example if you attach it to a GBPUSD chart despite the charts timeframe it manages all GBPUSD trades at the same time. The EA is independent of the way that you originated the trades. Whether they are opened by an EA or manaually it manages them without problem.

In order to get the best of each trade you need to assign TP and SL to your trades.

It also gives you the ability to defin exepmtions. For example if you do not want it to manage a specific trade you can enter the order number in the Properties dialog box of the EA and it ignores it. It can ignore up to 3 orders per pair. This EA is a commercial EA. However, I sent it for free to my current customers. I'll also send it for free to those who purchase any PipBoxer package before July 31, 2007.

Your comments are welcome.

Thanks,
Al

The attached document explains how PBME works. Your comments are welcome.

Hey Al,

Do you have backtest results for this tool that demonstrate its improvements over not using it?

Thanks.

Hi tdion,

Thanks for your post. PBME is an exit tool so you can't back test it directly. However, I have tested the effect of these MM tools on many systems including my own EAs and those that people order to me. They all show improvement in behaviour. I also have forward-tested several times on demo accounts and even tried them on random trades. You'll be amazed by how they affect your trades in a positive way.

While PBME cannot turn a loser system into a winner, it can improve the resutls of a winner system significantly.

Thanks,
Al

So if I purchase your complete package of indicators do you suggest that I also purchase PBME to make those indicators more profitable?

Hi mdcarlson,

The complete package includes a sophisticated money management system. It doesn't need PBME to manage its trades. However, you can get PBME to manage your other trades or rather the trades that either you have openned manually or they are openned by another EA.

Thanks,
Al

Thanks... I appreciate all of the work you have done on this system... will be purchasing your demo to trade for two months... if that works well then I will purchase the complete system.

Thanks... I appreciate all of the work you have done on this system... will be purchasing your demo to trade for two months... if that works well then I will purchase the complete system. What sold me is that you use CCI which is the only indicator in my main trading system... Woodies CCI to be exact.

thanks for considering PipBoxer to test. I wish you good luck with your demo test.