I think this script would be useful
It opens a position with desired risk and SL/TP ratio. Attachment
Ignored
Just drag the script below current price to the place of your desired stoploss.
It will open buy and put SL to the price you dragged to. The TP ratio is the prof parameter of the script.
Just drag the script below current price to the place of your desired stoploss.
It will open buy and put SL to the price you dragged to. The TP ratio is the prof parameter of the script.
i have not been able to work this, no order is triggered
Ignored
Strange. It works fine for me, maybe some setting in mt (allow import dll for example).
Check the log tab, mine have such strings then script executed:
Trade yesterday went to around 10% in profit Im never tempted to close start closing at 13 or 14% instead of 15% and a month down the line your closing at 10% and your risk return is all screwed
New traders will smaller account start with a 2% investment in each trade
IE £500 bank x 2% = £10 risk
Use Micro account then mini then main
Trading at a lower % RR = relaxed emotional free trading
I still believe that this system will make constant money and I still believe it can be improved on ..2 wins per week would give 60% growth per month without money management I think when you use MM you could double or treble that
hmm, 15% on that today and in reality probably just missed 15% using 5min yesterday, very close though, a couple of pips.
...some testing to do.
Edit: ..in fact the 5min short was a winner yesterday. Using 5min this week would have given 4 winners, 1 loser using 1:3 (risk/reward) and 66% gain with fixed fractional MM and 55% without money mngt. 100% winners at 1:2 but 5% less return than 1:3.
