1ka,
Quick question: For IB's inside IB's is the EA counting the first one and only after the MaxBars ends goes to the next one?
Hi, yes, the EA will only look at most recent IB.
I was thinking of changing this for the case where you have an IB within an IB and the smaller IB is too small (according to MinIBSize). Currently it does nothing, but perhaps it should go back to the enclosing IB.
Just to make it more clear then: I have a MinIBsize of 30 and the newly formed IB is 35 (i.e. valid). Then a new IB with size 25 forms inside my valid IB. Does this mean that the EA will ignore the first valid IB and focus on the second which is not valid and so it will do nothing?
Just to make it more clear then: I have a MinIBsize of 30 and the newly formed IB is 35 (i.e. valid). Then a new IB with size 25 forms inside my valid IB. Does this mean that the EA will ignore the first valid IB and focus on the second which is not valid and so it will do nothing?
Not any more
New EA on first page. A simple change, but test it yourself before using. In computing the simplest change does the most damage
Cudos on the quick change.
My testing on EURUSD 30m shows that it picks up less than one additional trade per month and these additional trades are losers.
If other people have different results (maybe other pairs) please post.
My recommendation would be to go back to the previous version of EA for the sake of code simplicity:nerd:
A MM option coded to set the lot size based on ATR would make things pretty interesting. I have noticed a high win % but the fact that IBs on higher TFs can range from 30 pips to 150 pips makes the losing one a major loser with fixed lot.
I'm not sure quite how you envisage this working. If the ATR is high, do we have a smaller lot size, thus reducing the risk? Sorry if I seem dense
)
