Piplite v1.0 - page 5

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ChicagoRob
523
ChicagoRob  
qwerty777:
Hello Iron, i tested newpiplite 1.4 in MT4 demo, very good results. I want to ask you something, my broker do not allow any "robot-traders" and i cant use it on real money (i cant change broker), could you explane me the algoritm of piplite 1.4 for manual traiding, of course if it possible. I wish to trade manual but i dont understand mq4 programming to look into piplite code. Please help. Thanks. (sorry for english)

What broker do you have that won't allow robot traders? It's a shame

you can't go with IBFX, because they seem to welcome robots. After

all, the more trades, the more spread money, so it's a win/win situation.

Rob

qwerty777
5
qwerty777  

Re

ChicagoRob:
What broker do you have that won't allow robot traders? It's a shame

you can't go with IBFX, because they seem to welcome robots. After

all, the more trades, the more spread money, so it's a win/win situation.

Rob

My broker is the bank, they use own trade platform "OLB", and do not support any robots. And i cant change broker (dont ask why). Thats why i use only manual trade. If piplite is manuable i will tade it. I hope Iron can help me. (bad english)

uozzap
10
uozzap  

Iron,

what are the best settings to use this wonderful script ?

bendex
30
bendex  

I tested the GBPUSD set on USDJPY and it works quite well. Is there a set designed specifically for USDJPY?

lron
272
lron  

Current Info

All,

All the current set files and newest version are all on the first page! Go here and get the set files!

Happy Trading

v/r

toddanderson
495
toddanderson  

Demo working well

I am testing here for two weeks demo started this $2000.00 friday

closed $2,416.00

using piplight 1.3 and the same set files that where on post one

attached my statement

Files:
11-16.pdf 929 kb
toddanderson
495
toddanderson  

What did you use for usdjpy

What set file or just default did you use for usdjpy

bendex:
I tested the GBPUSD set on USDJPY and it works quite well. Is there a set designed specifically for USDJPY?
uozzap
10
uozzap  

Guys,

who is using PipLite with a live account ?

I would try it...

Is it possible with this script, don't get the same results of a demo account ?

Orest
21
Orest  

Great Job...

Iron,

just let me express my sincere appreciation of the work you've done.

I think with this MM you've implemented even coin-flip system will be profitable. Great Job!

Let me point out to one moment though. This is a piece of code I'm concerned about:

if(ProfitTrailing)

{

ProfitMode=0;

if(TotalProfit >=ProfitTarget && TotalProfit <= (MaxProfit-(MaxProfit*MaxRetrace)/100))

ExitAllTrades(Lime,"Max profit reached");

}

[/PHP]

I think we should improve this function a little. Real trailing as you know locks profit at some profitable level and moves up as profit does as well. This function unfortunately doesn't lock the profit. So, if second condition is not true

[TotalProfit <= (MaxProfit-(MaxProfit*MaxRetrace)/100)] and prices retraces down original ProfitTarget is not locked and just nothing happenes. Please correct me if I'm wrong.

Below is proposed re-written profit trailing piece of code (not tested):

[PHP]

// somewhere on the top

bool ProfitTargetReached = false;

//.......

if(ProfitTrailing)

{

ProfitMode=0;

if(TotalProfit >=ProfitTarget) {

ProfitTargetReached = true;

if (TotalProfit >= (ProfitTarget+(ProfitTarget*MaxRetrace)/100)) {

ExitAllTrades(Lime,"Max profit reached on the way UP");

ProfitTargetReached = false;

}

}

else if (ProfitTargetReached && TotalProfit > 0) {

ExitAllTrades(Lime,"Max profit reached on the way DOWN");

ProfitTargetReached = false;

}

}

This should lock the original ProfitTarget.

UPDATE: code above has been fixed

lron
272
lron  

Fixes

All,

Let me say, Thanks to Orest! It's little things like this that can make a big difference! If everyone was running Piplite with the set files, everyone was using this piece of logic that wasn't perfect AND still making money. Your code below does lock the profit right. I am testing v1.5 right now and will get back on the results. Thanks again!

Happy Trading

v/r

Orest:
Iron,

just let me express my sincere appreciation of the work you've done.

I think with this MM you've implemented even coin-flip system will be profitable. Great Job!

Let me point out to one moment though. This is a piece of code I'm concerned about:

if(ProfitTrailing)

{

ProfitMode=0;

if(TotalProfit >=ProfitTarget && TotalProfit <= (MaxProfit-(MaxProfit*MaxRetrace)/100))

ExitAllTrades(Lime,"Max profit reached");

}

[/php]

I think we should improve this function a little. Real trailing as you know locks profit at some profitable level and moves up as profit does as well. This function unfortunately doesn't lock the profit. So, if second condition is not true

[TotalProfit <= (MaxProfit-(MaxProfit*MaxRetrace)/100)] and prices retraces down original ProfitTarget is not locked and just nothing happenes. Please correct me if I'm wrong.

Below is proposed re-written profit trailing piece of code (not tested):

[php]

// somewhere on the top

bool ProfitTargetReached = false;

//.......

if(ProfitTrailing)

{

ProfitMode=0;

if(TotalProfit >=ProfitTarget) {

ProfitTargetReached = true;

if (TotalProfit >= (ProfitTarget+(ProfitTarget*MaxRetrace)/100)) {

ExitAllTrades(Lime,"Max profit reached on the way UP");

ProfitTargetReached = false;

}

}

else if (ProfitTargetReached && TotalProfit > 0) {

ExitAllTrades(Lime,"Max profit reached on the way DOWN");

ProfitTargetReached = false;

}

}

This should lock the original ProfitTarget.

UPDATE: code above has been fixed
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