Swiss Army EA (Automatic order management) - page 54

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I need the configuration to place the ae in a single pair and to close when it reaches -2% (SL) of the equity of my account for each pair, applying to all the pairs, they could tell me how to configure it.
 
armpg: I need the configuration to place the ae in a single pair and to close when it reaches -2% (SL) of the equity of my account for each pair, applying to all the pairs, they could tell me how to configure it.
Risk depends on your initial stop loss, lot size, and the value of the symbol. It does not depend on margin and leverage. No SL means you have infinite risk. Never risk more than a small percentage of your trading funds, certainly less than 2% per trade, 6% total.
  1. You place the stop where it needs to be — where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
  2. AccountBalance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the spread, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
  3. Do NOT use TickValue by itself - DeltaPerLot and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or whether it is returning a value in the instrument's base currency.
              MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum 2017.10.10
              Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum 2018.02.11
              Lot value calculation off by a factor of 100 - MQL5 programming forum 2019.07.19
  4. You must normalize lots properly and check against min and max.
  5. You must also check FreeMargin to avoid stop out

Most pairs are worth about $10 per PIP. A $5 risk with a (very small) 5 PIP SL is $5/$10/5 or 0.1 Lots maximum.

 

hi just to check, i tried to run my swiss army ea v1.51 in MQL5 Vps. somehow it is not working.

Have tried it without vps , the ea works fine.

how do i get it work in vps?

 
Note that v1.51 is from 2007 as I see it, this is more than 13 years now. A lot of things have changed since then.
 
lippmaje:
Note that v1.51 is from 2007 as I see it, this is more than 13 years now. A lot of things have changed since then.
Why fix something that's not broken its a good EA works perfectly fine MT4 hasn't changed a great deal
 
would be great to add partial out option at x pip or percentage...so it book profit along the way 
 
Ironically Swiss Army knife is a tool which does a lot of things but very poorly… 😁
 
please, can someone repost the latest .mql4 version? not the one of 2008. thank you
 

does this EA have a MT5 version

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