Hello Martin!
I am currently trying to find some settings for the dashboard to fit a longer term trading strategy.
I noticed that the Nanningbob's system gives excellent entry points, and I think that there may be room for some long term holding of the trades. If for instance in 50% of cases you got the trend right, these trades may become very profitable since they are well placed at a level where even a BE SL would be seldom hit and may survive to 1000+ pips level.
Basically, I would like to hold on let's say 40% of the trade indefinitely, to see how far it can go. Meanwhile, enough profit to stay afloat is made from the 60% sold at given tp level (set in the dashboard - great function btw).
Your dashboard TP fixed level fits well with my scheme (I can put 100.000 pips on the third level, won't ever get hit) except for one thing - if two trades are active on a single pair, it switches to basket mode (so it says in the guide).
Hence my question: if basket mode is deactivated ("none" appears in the TPL2 column), and I have two trades, what will the dashboard do concerning TP management? will it follow individually each trade or will it "forget" about the second one, considering it a recovery trade?
PS - I tried to figure out how to do this with MPTM - but I am stuck with the multi-level automated stoploss jump (the only way to partially close the trade and bank some sure profits anyway). I'd like the SL to stay at BE and see if the trade survives, so this function is not working for me (and looking at the code I didn't figure out how to modify it either).
Thx in advance!
Fran
-- EDIT:
ok, I kind of figured out how can a trade be excluded from the nh4 panel, after the first BE+partial order closing.
Please, correct me if I am wrong:
EA checks trades by MagicNumber before processing them to dashboard.
And when the trade goes to BE, the trade comment changes to "from...."
I added a condition in the mq4 like:
&& StringSubstr(OrderComment(), 0, 4)!="from"
so that every time a trade goes to BE the dashboard will ignore it.
Not very elegant, 'cause I will de-synch total counters, but as long as I know that at worst that trade will BE, it's fine for loss management.
Could you confirm if this is a viable approach?
Besides, I think that selectively excluding NH4 dashboard on some trades might be useful in general to implement other strategies.
But since the comment is difficult to change - maybe the only solution would be read/write to a file, so maybe it's not worth the hassle.
Please, don't take this as a critic, I am just curious of experimenting with the code and with strategies presented in FF and your dashboard works very well.
and of course, if you need a hand with backtesting and I can help - I'll be glad to!
I am currently trying to find some settings for the dashboard to fit a longer term trading strategy.
I noticed that the Nanningbob's system gives excellent entry points, and I think that there may be room for some long term holding of the trades. If for instance in 50% of cases you got the trend right, these trades may become very profitable since they are well placed at a level where even a BE SL would be seldom hit and may survive to 1000+ pips level.
Basically, I would like to hold on let's say 40% of the trade indefinitely, to see how far it can go. Meanwhile, enough profit to stay afloat is made from the 60% sold at given tp level (set in the dashboard - great function btw).
Your dashboard TP fixed level fits well with my scheme (I can put 100.000 pips on the third level, won't ever get hit) except for one thing - if two trades are active on a single pair, it switches to basket mode (so it says in the guide).
Hence my question: if basket mode is deactivated ("none" appears in the TPL2 column), and I have two trades, what will the dashboard do concerning TP management? will it follow individually each trade or will it "forget" about the second one, considering it a recovery trade?
PS - I tried to figure out how to do this with MPTM - but I am stuck with the multi-level automated stoploss jump (the only way to partially close the trade and bank some sure profits anyway). I'd like the SL to stay at BE and see if the trade survives, so this function is not working for me (and looking at the code I didn't figure out how to modify it either).
Thx in advance!
Fran
-- EDIT:
ok, I kind of figured out how can a trade be excluded from the nh4 panel, after the first BE+partial order closing.
Please, correct me if I am wrong:
EA checks trades by MagicNumber before processing them to dashboard.
And when the trade goes to BE, the trade comment changes to "from...."
I added a condition in the mq4 like:
&& StringSubstr(OrderComment(), 0, 4)!="from"
so that every time a trade goes to BE the dashboard will ignore it.
Not very elegant, 'cause I will de-synch total counters, but as long as I know that at worst that trade will BE, it's fine for loss management.
Could you confirm if this is a viable approach?
Besides, I think that selectively excluding NH4 dashboard on some trades might be useful in general to implement other strategies.
But since the comment is difficult to change - maybe the only solution would be read/write to a file, so maybe it's not worth the hassle.
Please, don't take this as a critic, I am just curious of experimenting with the code and with strategies presented in FF and your dashboard works very well.
and of course, if you need a hand with backtesting and I can help - I'll be glad to!
rogram FilesNH4PANELWD120MAT.DLL a échoué
