Bingo!
First TP hit and trailing SL moved up!
First TP hit and trailing SL moved up!
- #803
- Apr 28, 2010 1:59am Apr 28, 2010 1:59am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
I think I should trust more your EA, it took only good trades so far. Well done geoff, great!
- #806
- Apr 28, 2010 2:07am Apr 28, 2010 2:07am
Did you close your shorts?
- #807
- Apr 28, 2010 2:14am Apr 28, 2010 2:14am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Instead of sending 2 orders, can you modify the code to send only one order with the double lots (example: If I set the Lot Size ass 0.10, it should send an order with 0.20) and when the first TP reaches, it closes the half position.... and trail the rest.
I think this is more safer compare to the current code... Your comment is appreciated.
If you have any information I will gladly incorporate it in the EA.
- #810
- Apr 28, 2010 2:20am Apr 28, 2010 2:20am
I have heard of this before but I do not know how to do it!
If you have any information I will gladly incorporate it in the EA.
- #811
- Apr 28, 2010 2:20am Apr 28, 2010 2:20am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
No I let them go. The first short has been closed with TP and the second is still there with a positive stop loss. It seems real solid and trustworthy I'll let him do his thing from now on.
I'm pleased to hear that!
I am the worst person in the world for interfering with good trades, panicing and closing too early or letting them run into big losses.
Since I started using EA's I delibertately go away from my computer and let the robot do its thing, since I know this EA is more than 90% accurate there is no need for me to interfere!
- #812
- Apr 28, 2010 2:23am Apr 28, 2010 2:23am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Both orders closed... +22 and +16
IBFX works with EA rules (mini accounts, 0,01 lot=1 cent/pip)
Demo 23.40 sell 1.5249 2 orders
Live 23.40 sell 1.5249 2 orders
I let dem go to TP/SL
Elovv
And it works perfect with IBFX miniaccount, 0,01 lot=1 cent/pip
First 06.52, 22 pip ptofit
Second 07.13, 18 pip profit
What do You say about money management with this system? I risk 10% on every trade (280 pip * lotsize = 10% of my balance)
Its more than I usual risk compared with other strategies.
Elovv
- #814
- Apr 28, 2010 2:26am Apr 28, 2010 2:26am
Have been lurking and reading with great interest and went live on Alpari UK for the first time last night
+22 and +16 so a BIG thanks to geoff65 for giving us this EA
Settings were straight out of the box, trades were takein 01:20 Alpari UK server time
+22 and +16 so a BIG thanks to geoff65 for giving us this EA
Settings were straight out of the box, trades were takein 01:20 Alpari UK server time
- #815
- Apr 28, 2010 2:29am Apr 28, 2010 2:29am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
I don' know about this, but is it impossible to use OrderLots()/2 with OrderClose()...?
- #816
- Apr 28, 2010 2:40am Apr 28, 2010 2:40am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Both demo and live closed exactly same time and profit
And it works perfect with IBFX miniaccount, 0,01 lot=1 cent/pip
First 06.52, 22 pip ptofit
Second 07.13, 18 pip profit
What do You say about money management with this system? I risk 10% on every trade (280 pip * lotsize = 10% of my balance)
Its more than I usual risk compared with other strategies.
Elovv
The problem with MM is that it can calculate a lot size that is too small to place say at 2%, 3% or 5% .
A classic account with Alpari has a 0.1 minimum lot size so MM will not work if you only have a small balance.
I suppose to arrive at the actual "risk" level we should include the win/loss ratio into the calculation, anybody with a math degree out there?
- #817
- Apr 28, 2010 2:41am Apr 28, 2010 2:41am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Have been lurking and reading with great interest and went live on Alpari UK for the first time last night
+22 and +16 so a BIG thanks to geoff65 for giving us this EA
Settings were straight out of the box, trades were takein 01:20 Alpari UK server time
- #819
- Apr 28, 2010 3:00am Apr 28, 2010 3:00am
- Joined Apr 2009 | Status: Trader | 2,035 Posts
Hi Geoff,
Can we use this trading system on any other pair? if so what adjustments we have to make...
It is possible that it may work on other pairs but first you need to identify a start time that shows some potential then you would need to find optimum settings.
I have watched GBPUSD for many years so I have managed to identify the pattern that led to this strategy but I am not that familiar with other pairs!
This is good to know, thank you!
The problem with MM is that it can calculate a lot size that is too small to place say at 2%, 3% or 5% .
A classic account with Alpari has a 0.1 minimum lot size so MM will not work if you only have a small balance.
I suppose to arrive at the actual "risk" level we should include the win/loss ratio into the calculation, anybody with a math degree out there?
. But I think its difficult with a possible lose of 280 pips compared with win 22 pips. And not a lose for more than 12 months.I like IBFX because I can have very small lotsize and the MM I will have even if the balance is small.
Elovv