10points 3.mq4 - page 19
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No problem. The way this EA works is to open a new trade when the loss gets to the value of the "Pips" setting (15). It does this until you have maxtrades open and will open no more. Once you get to maxtrades, if the price continues to go against you, your losses are unlimited. The modification sets the stop point at the place where the last trade would reach the 15 pip loss point + the value of initial stop. So, for each of the orders the stops would be as follows if Pips = 15 and InitialStop = 2, MaxTrades = 5:
Let's say your first trade sells at 1.2600
1st trade stop at 1.2600 + 75 + 2 = 1.2677
2nd trade opens at 1.2615
2nd trade stops at 1.2615 + 60 + 2 = 1.2677
3rd trade opens at 1.2630
3rd trade stop at 1.2630 + 45 + 2 = 1.2677
4th trade opens at 1.2645
4th trade stop at 1.2645 + 30 + 2 = 1.2677
5th trade opens at 1.2660
5th trade stop at 1.2660 + 15 + 2 = 1.2677
So when the price gets to 1.2677 all trades closed out at the stop loss. See yeoelevens earlier post for dollars example.
In practice the stops will vary by a few pips.
10point3
sorry if i ask the stupid question....
i'm new in forex trading...
ok, i had open at northfinance and deposit usd100.00 that mean i had very low equity. my question is, is it DML1.3 or 10point3 is suitable for person like me who had only 100.00....??
thanks.
sorry if i ask the stupid question....
i'm new in forex trading...
ok, i had open at northfinance and deposit usd100.00 that mean i had very low equity. my question is, is it DML1.3 or 10point3 is suitable for person like me who had only 100.00....??
thanks.i dont know if you would want to risk the margin account with an EA at this point. i would read the whole post here .. some are saying that you would need a few K's to run this live. i would read some of the threads here and determine what course of action would be best.
Long term profitability has not been proven, so running this live is extremely risky.
You will more than likely lose your $100 if you try to use this EA (or any EA with such a low equity, unless they have micro-lots).
sorry if i ask the stupid question....
i'm new in forex trading...
ok, i had open at northfinance and deposit usd100.00 that mean i had very low equity. my question is, is it DML1.3 or 10point3 is suitable for person like me who had only 100.00....??
thanks.do not even try this. Even if you trade with micromini lots, you gonna need 1k USD account, for minilots 10k account and so on.
This is my oppinion based on several weeks testing
drat
well, i guess it was too good to be true. i had the demo account running for 45 days.. and tonight.. i got cut off.. so i will have to find another demo to test on.. i would use the db i am with now, but i have to make a living.
hopefully soon i can get another account running, but i did lose all the data.. so this week is shot. 
do not even try this. Even if you trade with micromini lots, you gonna need 1k USD account, for minilots 10k account and so on. This is my oppinion based on several weeks testing
Well, I do agree that running this EA with small capital is quite risky. Anyway, I am running this EA live with default setting, in a $800 real account, using minilots (starts at 0.1 lot) since 5th September and as of today, my balance is about $1.3K. I do get many "Not enough money" alerts, but I just ignore that.
-RJ1-
Well, I do agree that running this EA with small capital is quite risky. Anyway, I am running this EA live with default setting, in a $800 real account, using minilots (starts at 0.1 lot) since 5th September and as of today, my balance is about $1.3K. I do get many "Not enough money" alerts, but I just ignore that. -RJ1-
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
you are using the above settings? yes/no
how many pairs are you using?
what is the time frame? 30 mins?
are you running this 24/7?
would you be so kind to let us know more details of the settings you are using. we would like to compare your settings with the ones we have been testing.
thanks.
TakeProfit=30
Lots=0.1
InitialStop=0
TrailingStop=15
MaxTrades=5
Pips=15
SecureProfit=20
AccountProtection=1
OrderstoProtect=3
ReverseCondition=0
EURUSDPipValue=10
GBPUSDPipValue=10
USDCHFPipValue=10
USDJPYPipValue=9.715
StartYear=2006
StartMonth=1
EndYear=2006
EndMonth=12
EndHour=22
EndMinute=30
mm=0
risk=10
AccountisNormal=0
Magic=10201
I am using the above settings, running in 30 minutes timeframe on EUR/USD, GBP/USD, USD/CAD and USD/CHF. I do not run this 24hours a day, only when I have time (usually it runs about 12 hours a day).
-RJ1-
Well, I do agree that running this EA with small capital is quite risky. Anyway, I am running this EA live with default setting, in a $800 real account, using minilots (starts at 0.1 lot) since 5th September and as of today, my balance is about $1.3K. I do get many "Not enough money" alerts, but I just ignore that. -RJ1-
Well, ok, I wish you luck. Of course 800 account is ok for this kind of agresive investment, but what about the same moneymanagement on 80k account, will you be able to have "not enough money" alerts?