Right mouse click on this file and select 'Save as'.
And ...m60.set files are the settings of the EAs for 3 pairs.
Look at this post about set files.
EurGbp Invalid lots amount
I'm getting error with MIG investment DEMO 10k
EurGbp Invalid lots amount for OrderSend function.
Invalid lots tend to occur when the advanced features aren't set. You must make sure that your account balance is set exactly to what you have in your account or Piplite won't trade.
Second, you must play with the risk amount in order to get the lots correct. If you are trying to trade on a balance less than $2500, you will have issues with a martingale trader on a standard account. I suggest going to a micro account on accounts smaller than $2500. By the way, $2500 is about how much you need to trade with one pair on a standard account and $250 is min on a micro account.
Finally, my last suggestion is to try backtesting with the brokers you are using on the platform you are using. Most folks are getting Piplite to work with no problem on IBFX, FXDD, Tradeview and Alapri to name just a few. If you manage, somehow, to adjust the risk way too low, the lot size will automatically get set at .01 anyway.
Thanks for shareing this EA with us
EURGBP Draw Down: Possible solution
I am looking at the Draw Down currently on the EURGBP. I have a possible solution that could help reduce the Draw Down.
Basically, we add RSI indicator on hard trends.
On the H1 chart, if you put the RSI indicator, if the line goes above 70, it stops placing new orders until it drops below 70. Or on the flip side, it if goes below 30, it stops placing new orders until it raises above the 30 line.
I have attached a pic that will better illustrate what I am trying to say. Using this, we would only see two order rather than 5 we now have on the screen.
So if RSI is between 70 and 30 that indicates ranging and we place orders like normal.
Thanks for testing Piplite v1.0. Folks have pointed out to me a basic math error in the Profit Target code when using a micro account. Safe to say that this error is fixed.
For those trying to use the same value of lot in a micro account as those of a standard account (.01 lots standard = 10c, .1 lots micro = 10c), the Profit Target was basically ten times as much in the micro account as standard! Doooh! Anyway, when identifying to Piplite that you have a micro account, it correctly sets a proper Profit Target using the money management feature now. Pipmaker v1.1 is here. Additionally, new set files are attached here.
Sorry to say that Piplite has CRASHED using SET files. Both EURGBP and GBPUSD both hit 50% DD loss.
The EA needs protection from trending which it does not have. That issue needs to be addressed before it can be used in a LIVE account.
My RSI suggestion would have prevented the Loss properly done. Please consider that for never version improvement.
i agree 2 days test , 2 time crash ..risk 1 and take profit 50