Rsi Ea - page 7
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I have been trading the RSI for four months live with success. I just cant get the MaximumRisk to work.
EventHorizon
Try out this version (it is a version 2.01 with a changed way how lots are calculated depending on risk (in %) and a stop loss given). If either is 0 or less than 0, default fixed lot size will be used
Thanks. But this looks like the same version as i am using. I have it tried it with no lots set and numbers in the MaximumRisk area, but it makes no trades. I have also tried with a number in the lts area and the MaximumRisk, and it makes no trades.
Thanks. But this looks like the same version as i am using. I have it tried it with no lots set and numbers in the MaximumRisk area, but it makes no trades. I have also tried with a number in the lts area and the MaximumRisk, and it makes no trades.
Are you getting any errors in your terminal/experts or journal tabs? Found one possible bug in how I coded the extra digits for slippage, which isn't anything to do with the money management, but maybe causing a problem on some brokers as far as opening orders. This version 2.02 should address that problem. Btw. used the version posted earlier today.
My apologies
. Looked at the log and found I had to set the maxrisk way down to 0.01. I had it at least 1, and for a $1000 was trying to trade too large a lot size so trade didn't go through. Many thanks.
Bill.
Only now realized that I attached the wrong version to the post
This is the correct version (that calculates lot size depending on risk and stop loss correctly)
I have been trading the RSI for four months live with success. I just cant get the MaximumRisk to work.
event horizon could you tell me what setting are you using for the ea?
event horizon could you tell me what setting are you using for the ea?
It depends what currency pairs I am trading. Its best to work it out yourself, because it depends which broker/leaverage etc you are using. It's easy to do. Get on the strategy tester and try currency pairs on optimization with different settings and see which makes the best profit /lowest drawdown over 6 months or a year. Then backtest those settings month by month, to see if the draw-down is still acceptable and hasn't spiked anywhere. It takes some time, but it is an easy task.
Hi. I opened a buy trade manually. It is the only trade I have open. If I leave my RSI EA on, and the price drops to the lower RSI buy setting, I am guessing it will open another trade ,because the manual trade won't have the EA magic number and won't recognize it. I believe manual trades have a magic number of '0'. If I set the EA magic number to 0, will it behave as if the manually open trade was made by it and not open a duplicate trade?
Thanks,
Bill
Hi. I opened a buy trade manually. It is the only trade I have open. If I leave my RSI EA on, and the price drops to the lower RSI buy setting, I am guessing it will open another trade ,because the manual trade won't have the EA magic number and won't recognize it. I believe manual trades have a magic number of '0'. If I set the EA magic number to 0, will it behave as if the manually open trade was made by it and not open a duplicate trade?
Thanks,
BillEventHorizon
To do that you would have to set the UseAutoMagic to false, and ManualMagic to 0 and then it would treat a manual order as its own
Thanks much mladen,
I trawled google for ages to try to find and answer, and found nothing useful.