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Stoploss
Yeoeleven: these multiple lot's can put on a real strain if you have to manually take control at any point, however still testing nest week. hope to post a report at end of week.
It has occurred to me that we can set a stoploss for each increment when the trade has escalated to avoid having to be glued to the PC.
Stoploss .1 = 75 pips total loss $75
Stoploss .2 = 60 pips total loss $120
Stoploss .4 = 45 pips total loss $180
Stoploss .8 = 30 pips total loss $240
Stoploss 1.6 = 15 pips total loss $240
So if the EA was closed off at 15 pips loss after the fifth increment the overall loss would be $855. Wouldn't want more than 1 of those in any given week.
John
... for those who are following this thread.. i will be forward testing this again this week with the same exact settings i had the last week.
It has occurred to me that we can set a stoploss for each increment when the trade has escalated to avoid having to be glued to the PC.
Stoploss .1 = 75 pips total loss $75
Stoploss .2 = 60 pips total loss $120
Stoploss .4 = 45 pips total loss $180
Stoploss .8 = 30 pips total loss $240
Stoploss 1.6 = 15 pips total loss $240
So if the EA was closed off at 15 pips loss after the fifth increment the overall loss would be $855. Wouldn't want more than 1 of those in any given week.
JohnI had already done that last week and experienced the loss point on the 100 pip USDCHF move last week.
For sell orders sl=NormalizeDouble(SellPrice+InitialStop*Point + (MaxTrades-OpenOrders)*Pips*Point, Digits);
For Buy orders sl=NormalizeDouble(BuyPrice-InitialStop*Point - (MaxTrades-OpenOrders)*Pips*Point, Digits);
InitialStop = small number of pips e.g. 1-5.
Stoploss
I had already done that last week and experienced the loss point on the 100 pip USDCHF move last week.
For sell orders sl=NormalizeDouble(SellPrice+InitialStop*Point + (MaxTrades-OpenOrders)*Pips*Point, Digits);
For Buy orders sl=NormalizeDouble(BuyPrice-InitialStop*Point - (MaxTrades-OpenOrders)*Pips*Point, Digits);
InitialStop = small number of pips e.g. 1-5.Thank you for this information tururo but can you help me to implement it.
I have no idea about coding and programming and do not know where to start, I assume that by implementing this information the EA will automatically close off after the set number of increases.
Would it be possible to post an amended EA?
John
hi txsundevil,
I assumed DLMV1.3 running on M30 time frame too ?
Thanks
Dynamic stops added to stop at the point where maxtrades hits the final loss point.
Attached is a report since Sunday night on DLMV1.3 using a 4H timeframe on charts and starting at 0.06/ 7Max trades thus up to 1.92 with these settings:
EUR/USD TP 25 Ts 12
GPB/USD TP 25 TS 13
CHF/USD TP 25 TS 13
Open order based on 11 (Trend Manager) this is only for opening orders, this is a hard EA to learn has many settings.
The problem even using (3) curriences is the margin on a 1:100 with a 5K account starting at 0.06 (Micro Lot) it got up to $4,450 very close to 5K if you have 1:200 margin if you can get it that would half the number, would not run this on 5K account at 1:100 margin
Dlm
I have tested DLMv1.3 on the following settings:-
Code=1000001.00000000
Account=1000001.00000000
TakeProfit=30.00000000
Lots=0.10000000
StopLoss=0.00000000
TrailingStop=15.00000000
MaxTrades=5
Pips=15
SecureProfitProtection=0
SecureProfit=20
OrderstoProtect=3
AllSymbolsProtect=0
EquityProtection=1
AccountEquityPercentProtection=65
AccountMoneyProtection=0
AccountMoneyProtectionValue=3000.00000000
NewsFileProtection=1
NewsFileSize=124
BrokersTZ=2
NewsFileTZ=-5
TradeOnFriday=0
OrdersTimeAlive=0
ReverseCondition=0
SetLimitOrders=1
mm=0
risk=12
AccountType=1
MagicNumber=222777
Manual=0
OpenOrdersBasedOn=6
ExitWithOpenOrdersBasedON=0
TimeZone=16
ArrowsColor=16777215
The news file CSV was empty when downloaded if anyone has a copy of the original file it would be helpful to post it. The following error was posted.
2006.09.20 02:00:07 DLMv1.3: cannot open file C:\Program Files\Velocity Trader\experts\files\DLMv1.2-NonTradingDays.csv
John
10points 3
Using InterBankFX I have tested 10points 3 on all four nominated pairs with a setting as follows:-
TakeProfit=30.00000000
Lots=0.01000000
InitialStop=0.00000000
TrailingStop=15.00000000
MaxTrades=5
Pips=15
SecureProfit=10
AccountProtection=1
OrderstoProtect=3
ReverseCondition=0
EURUSDPipValue=10.00000000
GBPUSDPipValue=10.00000000
USDCHFPipValue=10.00000000
USDJPYPipValue=9.71500000
StartYear=2005
StartMonth=1
EndYear=2006
EndMonth=12
EndHour=22
EndMinute=30
mm=0
risk=12
AccountisNormal=0
Magic=10201
Some brokers will not allow a trade of 0.01 but I was able to use that setting.
I manually closed down GBP when it reached a stop loss of 15 pips beyond the MaxTrades5 realising a loss of $97.8. I then manually closed down the other pairs and started off the EA with tururo's posted dynamic stop loss.
The EA has recovered and showed a closed profit of $84.88 with a floating profit of -$42.31.
John
Dynamic stops added to stop at the point where maxtrades hits the final loss point.
hi - could you explaint to me in plain old english what you did with this? i am not a programmer.. so i have no idea what this new setting will do. any help would be appreciated. thanks.