DislikedThe basis for setting the profit closure at a minimum was based on observation of the behaviour of the account P/L when running the 50+40. It seems to typically run in the red but the balance will cycle, approaching $0, then falling back to a larger negative P/L level, then moving back towards $0. During this cycle individual pairs move into profit then hit their TP and close all trades, and reopen for that pair. So profits are being banked during this P/L cycling process.
The idea to choose +$1 for a global close/open was because this seemed to be at the top of the P/L cycle for 50+40. This experiment is just a seat-of-the-pants use of available tools to see if this P/L cycle could be used to provide a semi-regular re-alignment of trades. The potential success of this rides on the benefits of basket trading a large group of pairs. If its successful its because in the group there will always be more pairs open on the trend side of their MA and a few that reverse into loss. The move into positive P/L in the account, with all close and new opens, primarily benefits and realigns the minority few that were moving against the trend.
I don't know that this is the solution to the 'death trade' but more a smoothing solution for volatile markets.
As you suggest, one could certainly experiment with using other key moments to open/close and re-align all trades. As you mention it could be when the daily profits banked in the account reach a set amount. It could also be set to when the account reaches a total draw down amount. This last would re-align all pairs when the market is moving against you but at a significant loss to your account balance. I wouldn't recommend this. As there are a small handful of pairs that are subject to runaway death trades, these could selectively have a stop loss amount set just on that pair. For example this would close EURAUD alone when it hits a death trade and is down 300 pips. Other pairs would keep trading.
You've already mentioned the benefit of closing, re-opening between market periods. I suppose one could experiment with programming the expert to open and close all trades automatically at specific times?Ignored
But the concept of closing when there is a certain amount of profit banked, that intrigues me. There are days when 8-10 currencies are constantly pocketing profits but 2-4 are out of whack. Restarting at, lets say 50, would realign those out of whack ones but the others would keep right on making profits. I am going to try this on a demo and see how it works. One with a 50 TP. So let me know, does the account manager close all when the account history hits 50 or whatever amount I want to put in??
YOU TRADE HIGHER THAN THAT YOU WILL GET KILLED. IF YOU LIKE THE EA TRADE MORE ACCOUNTS NOT MORE MONEY.
