A Sophisticated Exit Strategy | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Exit Strategy for review 7 replies

Exit Strategy using Fibonacci Retracements 12 replies

Sophisticated "anti-stop hunting" technique 19 replies

Sophisticated or Naive Investors? 0 replies

Entry and Exit Strategy any good? 5 replies

A Sophisticated Exit Strategy

  • #1
  • First Post: Jan 25, 2007 7:36am Jan 25, 2007 7:36am
Hey guys,

I have written a program that helps you exit an open trade in a complex way. Visit the following thread for more info and please let me know what would you like to see to make it a better EA.
http://www.forexfactory.com/showthread.php?t=14098

Thanks,
Al
  • #2
  • Jan 25, 2007 8:28am Jan 25, 2007 8:28am
Hi,

and thanks for sharing.

I will test it on my next trade.

Bye.

Larry
  • #3
  • Jan 25, 2007 9:06am Jan 25, 2007 9:06am
Quoting LarryM@x
Hi,

and thanks for sharing.

I will test it on my next trade.

Bye.

Larry
Thanks for taking a look at it and good luck.
  • #4
  • Jan 26, 2007 7:58am Jan 26, 2007 7:58am
Hey folks,

I updated the program. There was a bug that is fixed now. Please download it from the same post. Here is the link:
http://www.forexfactory.com/showthread.php?t=14098

Your feedback helps me to improve this system or develop better ones.

Thanks in advance,
Al
  • #5
  • Jan 27, 2007 5:31am Jan 27, 2007 5:31am
Hi

Thanks Aparsai,

I'll try it on my demo account next week.

Which bug are you speaking about ?

Have good week-end.

Larry
  • #6
  • Jan 28, 2007 6:29pm Jan 28, 2007 6:29pm
Quoting LarryM@x
Hi

Thanks Aparsai,

I'll try it on my demo account next week.

Which bug are you speaking about ?

Have good week-end.

Larry
After the trade was closed it used to try to modify the non-existing trade. I removed the bug.
  • #7
  • Jan 29, 2007 2:37am Jan 29, 2007 2:37am
Hi,

I use EA on a demo account.

Test Method:

Trades are both placed with Fixed Stop and fixed TP without EA.
Usually 40pips Stop Loss and 50 Pips Take Profit.

On another account, I've placed same Trades with larger Take profit (100 pips) and with PipBoxer EA running.

We will compare result at the end of the week.

See you later.

Larry
  • #8
  • Jan 29, 2007 6:01pm Jan 29, 2007 6:01pm
You might find this interesting.

http://www.forexfactory.com/showpost...7&postcount=23
  • #9
  • Jan 30, 2007 3:34am Jan 30, 2007 3:34am
Hi Aparasai,

first step of this test are very interesting.

First Trade was posted yesterday morning:

GBPJPY

1/ Long 238.65 SL 238.25 TP 239.15 (Trade without EA)
2/ Long 238.65 SL 238.25 TP 239.65 (Trade with EA)

Results:

Trade 1 was stopped out and lost 40 pips.
Trade 2 was stopped at Breakeven.

So for the moment, EA give me all what I'm waiting of him.
I think, it could be very powerful to control drawdown (particularly for Money manager) and risk.

now waiting for tomorow and thursday whith lot of news and a volatile market.

Bye.
  • #10
  • Last Post: Jan 30, 2007 7:40am Jan 30, 2007 7:40am
Quoting LarryM@x
Hi Aparasai,

first step of this test are very interesting.

First Trade was posted yesterday morning:

GBPJPY

1/ Long 238.65 SL 238.25 TP 239.15 (Trade without EA)
2/ Long 238.65 SL 238.25 TP 239.65 (Trade with EA)

Results:

Trade 1 was stopped out and lost 40 pips.
Trade 2 was stopped at Breakeven.

So for the moment, EA give me all what I'm waiting of him.
I think, it could be very powerful to control drawdown (particularly for Money manager) and risk.

now waiting for tomorow and thursday whith lot of news and a volatile market.

Bye.
Thanks very much for sharing your results with us.

Good Luck,
Al
0 traders viewing now