10points 3.mq4 - page 37
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John,
Thanks for your sharing. Which currencies perform the best using
3points10_dynamic_stop ? I assumed TF M30 ?
Currencies
Hi,
I have found that the less risky currencies are EURUSD & USDCHF however the other two recommended pairs may be more profitable.
I am using the M30 TF and only using EU & UC.
These are the recommended currencies from the EA presets.
EURUSDPipValue=10.00000000
GBPUSDPipValue=10.00000000
USDCHFPipValue=10.00000000
USDJPYPipValue=9.71500000
John
To yeoeleven:
InitialStop=1.00000000 -> may i know this function and what its different if we
set it to 0
Thanks
intial stop. # 183 post, page 19
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.here it is again
If you set it to 0 you will have no stoploss whatsoever.
Stop loss can be deducted:
if
PIPS=X
MAxtrades=Y
then StopLoss= (X+1)*y,
Pips=5
MAxtrades=5
Stoploss = (1+5)*5=30
kt
To yeoeleven:
InitialStop=1.00000000 -> may i know this function and what its different if we
set it to 0
Thanks10points usdjpy
My settings: (looking for very low risck)
extern double TakeProfit = 10;
extern double Lots = 0.1;
extern double InitialStop = 01;
extern double TrailingStop = 5;
extern int MaxTrades=5;
extern int Pips=5;
extern int SecureProfit=20;
extern int AccountProtection=1;
extern int OrderstoProtect=3;
extern int ReverseCondition=0;
extern double EURUSDPipValue=10;
extern double GBPUSDPipValue=10;
extern double USDCHFPipValue=10;
extern double USDJPYPipValue=9.715;
extern int StartYear=2005;
extern int StartMonth=1;
extern int EndYear=2007;
extern int EndMonth=12;
extern int EndHour=22;
extern int EndMinute=30;
extern int mm=1;
extern int risk=12;
extern int AccountisNormal=0;
10points open trade
Hi guys,
Is it me or the EA is opening trades at BID for buy and ASK for sell?
KT
settings
Ken,
Your results are good showing a nice profit and only using USDJPY. I found that pair to be volatile when using it earlier and during the day it reached .8 twice on your testing.
looking at your settings you show no magic number does that mean that you are not using the Dynamic_stop EA?
Is it me or the EA is opening trades at BID for buy and ASK for sell?
I set it up and let it run and rarely am watching when it actually trades, the spread on USDJPY is only 2 pips so the outcome will not be dramatically changed which ever opening it takes.
John
10points
Hi John,
I am must have commented out the magic number. (i do have one) Still don't know what it does.
Ask/Bid question was only to find out if there's problem with my setup or with the EA. I am wondering how'd behave live. USD/JPY indeed goes up to .8...the EA doesn't behave well in volatile conditions, and if used live I'd say never let it by itself. By the way, IBFX's spread for the pair is 4 pips
I'll post later on my statement.
Note: I changed the Secure profit from 10 to 20.
KT
Progressive report for the week
10points 3 dynamic loss is still plugging away. The profit for the week shown does not include the first days profit when the account closed.
DLMv1.3 still looking good and don't forget this starts off at .05 wheras the 10 points starts off at .1
All in all still looking good.
John