The meaning of this settings (Hide SL and HideTP) - hide stop loss and take profit from broker (and from your chart too
It is good but once your computer will be closed, or electricity will be switched off, or Metatrader will be disconnected with the broker so you will not have this stop loss and take profit. Because Hide SL and HideTP - it is stop loss and take profit coded inside EA only.
So, better to unhide
read those threads for more information:
ATR Stop Loss + Non-ATR 15 pips Take Profit settings: VQ_ Ea_v2 ecn-1a EA for normal and ECN/stp Metatrader's broker with default settings is on this post.
Statements by pairs and visual statements are attached to this post (inside zip file).
Some profit/loss in dollars:
AUDJPY: 35 dollars
The other pairs did not have any trades yet.
So, I am continuing trading/forward testing using M5 timeframe.
Just an example of the visual statements:
All the statements (including Metatrader's statements by pairs, by pips and by dollars - see zip file attached.
- Explanation of ATR settings is on this post.
- ATR + 15 pips settings: VQ_ Ea_v2 EA for normal and ECN/stp Metatrader's broker with default settings is on this post.
- ATR Stop Loss + Non-ATR 15 pips Take Profit settings: VQ_ Ea_v2 ecn-1a EA for normal and ECN/stp Metatrader's broker with default settings is on this post - there is no close on trend change on this EA coded a version with it.
- Non-ATR 5 pips Take Profit settings + Non-ATR 5 pips Stop Loss settings: VQ_ Ea_v3 ecn EA is on this post - It is the version with regular stop loss and take profit set by default to 5.
- statements for M1 timeframe for VQ_ Ea_v2 EA ecn with ATR + 15 pips settings is on this post.
- statements for M5 timeframe for VQ_ Ea_v2 ecn-1a EA ecn with ATR Stop Loss + Non-ATR 15 pips Take Profit settings - more to follow.
Some profit/loss in dollars from the beginning of trading:
I will post updated statements on Sunday (because I want to see how this EA will perform during NFP news event).
Your proposal is very interesting https://www.mql5.com/en/forum/general and one coder is insterested in it so if it will be sucessfull - updated version will be posted on this thread. But it is not so easy to program especially for american brokers with no-hedge situation. As to me so I am forward testing it with FXCM (ECN with hedge allowed).
Some profit/loss in dollars for this week (in dollars):
AUDJPY: 45 dollars
The other pairs did not have any trades yet for this week.
Just an example of the visual statements (from the beginning of the trading since 24 of March):
This one is AUDNZD and you can see how this pair recovered the loss:
All the statements (including Metatrader's statements by pairs, by pips and by dollars) - see zip file attached.
That's all news.
Some profit/loss in dollars from the beginning of trading since 21st of March:
AUDJPY: 80 dollars
Just an example of the visual statements (from the beginning of the trading since 21 of March):
It is the trades for today:
Thanks for all the hard work NewDigital....I was more looking into static stop loss and take profit. With dynamic stop loss, sometimes the loss are too much as seen in the chart.
My strategy was very simple, TakeProfit =5 Stop Loss=5 in 1 M chart, it was working well, thats why wanted to go with EA.
However, if dynamic stop loss works. great...i have tried with keeping dynamic pips=false as suggested by Mrtools earlier...however, it was still adjusting the stop loss dynamically.
I'm hiring a coder to implement my ideas...once its done..i will post the EA here..right now its all manual trading for me
If I need to forward test some other/additional settings so post your pre-set file or your settings for this version VQ_ Ea_v2 ecn-1a EA from this post https://www.mql5.com/en/forum/general and I will forward test your settings too with posting the results.
I did not try tp 5 and sl 5 but in this case - DynamicSL and DynamicTP should be set to false. So, set DynamicSL to false.
This version without atr stop or atr takeprofit, now very simply using regular stop loss and take profit both by default, set to 5!