Hi again friends.
While some of you are testing the new interface, I am thinking about how to make this EA better, because I really like it, and I believe it has potential.
In the question of the UI, I think about to add a line showing the Max/Min PL for the current basket, tracking if the current basket was close to reach the profit target prior to go to the negative zone, by instance.
Maybe useful too, to add some buttons (like a menu) that allow the user close all the basket, or reset phantom values right now, or, including, trade the highest pair right now. But this last question can wait, I believe.
In the trading logic, I should say that I'm worry about trading without net. I say, this EA don't use StopLoss, because we know that it is hedging continuously pair after pair, reducing the possible loss to a minimum. But, what about a disaster like a shutdown of the VPS? Then, the EA can't hedge the first trade, and if it goes against us the loss can grow greatly (Murphy's law, you know). I think that we should add a StopLoss to each trade, so far away as you want, we can discuss the quantity, but the possible loss should be stopped.
Other major questions on the trading logic maybe the use of Break Even and Trailing Profit points. I see that in some cases, a unique trading order reach our target profit in few minutes. This means that the momentum is big, and ... what should we stop the profits when we can double it, by instance? Then my proposal is that in a level set by the user, the EA don't take profit but trailing a stop loss a quantity of $ down the current profit. This way we leave to run profits until the market would want.
Another minor logic change maybe that the user can set up the trading interval, freeing it to not be just every hour, in the first minute (adding a parameter IntervalMinutes, by instance).
I don't know what these changes can impact the EA performance.
What do you think about this?
While some of you are testing the new interface, I am thinking about how to make this EA better, because I really like it, and I believe it has potential.
In the question of the UI, I think about to add a line showing the Max/Min PL for the current basket, tracking if the current basket was close to reach the profit target prior to go to the negative zone, by instance.
Maybe useful too, to add some buttons (like a menu) that allow the user close all the basket, or reset phantom values right now, or, including, trade the highest pair right now. But this last question can wait, I believe.
In the trading logic, I should say that I'm worry about trading without net. I say, this EA don't use StopLoss, because we know that it is hedging continuously pair after pair, reducing the possible loss to a minimum. But, what about a disaster like a shutdown of the VPS? Then, the EA can't hedge the first trade, and if it goes against us the loss can grow greatly (Murphy's law, you know). I think that we should add a StopLoss to each trade, so far away as you want, we can discuss the quantity, but the possible loss should be stopped.
Other major questions on the trading logic maybe the use of Break Even and Trailing Profit points. I see that in some cases, a unique trading order reach our target profit in few minutes. This means that the momentum is big, and ... what should we stop the profits when we can double it, by instance? Then my proposal is that in a level set by the user, the EA don't take profit but trailing a stop loss a quantity of $ down the current profit. This way we leave to run profits until the market would want.
Another minor logic change maybe that the user can set up the trading interval, freeing it to not be just every hour, in the first minute (adding a parameter IntervalMinutes, by instance).
I don't know what these changes can impact the EA performance.
What do you think about this?