Hi there,

just rented for a month to try it out !

Basic question as there no manual or details available to understand it better. I just enabled it in the live account itself to test the water with small $.

The EA opens both one Buy and One Sell trades when enabled...

How the TP and closing of trade will work:

If the buy or sell trade hits the single trade TP then the buy or sell which ever is reached the target is getting closed and the other one remains open !

System opens consecutive trade based on the lot size - now how the TP works ?

What is the role of multi trade TP ?

If the TP reaches for all position of the currency reached the TP will all trades (buy & Sell) get closed ?

I don't see that happening in my account ?

Appreciate your details.

Thanks

Hello @kvinvest,

The EA trades both side:

- If there is only one order on the side, it will use the single TP. This TP also determines the distance between the orders. 

- If there are multiple orders on the side, as soon as the average price reaches the multiple TP line, all orders on that side will be close. 

There will always be trades open in both sides to get advantage of impredictable market. 

I hope it's more clear for you now.

Have a good day, 

Arthur

Hi there,

EA is not working correctly for the multiple order TP logic ! Though the TP is more than the input value for that side EA is not closing that side all trades to take the profit..... I left it and EA keep on opening multiple trades and closed all trades negative...

The EA is working but I guess you did not understand the concept. 

Can you be more specific about your problem?

Can you set me your set?

In one pair, there were couple of sell trades and also couple of buy trades. The TP for Sell trade achieved and also combine both sell/Buy trade also more than the multi trade TP. The EA neither closed all SELL trades nor closed all trades though TP is achieved. I manually closed the trades.

I shall send you the set file...

Thanks

You don't have to interact with this EA. 

Set the new cycle to true and let the EA play a few days. 

If you want to understand the EA, use a demo account or the strategy tester but do not interact with the EA in live account or it will be lost.

There are always open orders, that's how the EA work.

yeah...that's what I did after close the trades...just enabled it only one pair (GBPUSD) 1 HR TF with the attached set and cycle TRUE:

this is a live and small account with 1:500 for testing EA - overnight.....EA opened many trades SELL trades without much of buy trades. Margin call closed all GBPUSD overnight wiping out $405....now i disabled it until i clearly know how EA is managing the trades in terms of TP...very difficult to run it without watching...may be my bad experience !

My expectation was once the combined TP is reached combination of both Buy/Sell trade then all trades would be closed and then new cycle starts. This way somehow risk is protected though you won't make big money with the trend....closing one side alone (though not worked for me) is causing huge risk since the other side negative trades kept increasing....wiping out the many days small TP's....

Anyhow I also rented - Sun AI to test it...the same account ...EURUSD - 1M TF....

overnight ...only two trades so far....combined positive side close.... let me test this as well...it is running not opening many trades like Art of Forex....I shall send you the observation once it start trading...

Thanks

Your TP1 & TP2 are way too small, this is in points, not in pips. It should be 400 & 800 instead of 40 & 80.

That's means every 40 points you open a 2x order, this is a suicidal set. You should have test it in strategy tester before going live with this.

Thanks for the reply and caution !

Shall change the set for the testing and re activate ! 

Thanks

Hi,

I rented this EA. I'm using MT4 provided by Oanda. The EA doesn't install on it.

I click Install button, but nothing happens!

Also, tried on another MT4, it only works as demo version. tried to remove it and reinstall, but it says demo.

Could you please help to resolve this issue?