Hi,

Patience is key factor for this EA and Forex. It is normal for this EA. IF YOU ARE USING CALCULATED LOT, leave  all decision on EA. If you are using heavy lot, there is no EA in this world to help.

Thank you Henry, for your reply, I assume the numbers you've given are for a 1:1 Leverage? So for example, if I have a leverage of 1:500 I should divide these numbers by 500? 
For me, it's been the AUD/USD that's been causing the most Floating Loss till now. But it's now going up again I hope :)

This is the amount of balance you should have and the amount of draw-down is going to be the same independent of your leverage settings.

I use 1:100, the maximum my broker allows. If I am missing some crucial leverage fact here that lets you go negative balance or something please do enlighten me/us, I never spent too much time with it. I only know that my broker closes my positions if I lose ~93% of my money. :)

Henry de Jongh
Software Developer
https://00laboratories.com/ • MT4 Trading Signal

Hi Wibble,

I am not taking care of news,

Yes but taking care of currency behavior , its support and resistance levels some times, but not all the time. If I know support and resistance is strong and currency may bounce back, I am disabling trade mode in that direction.

But I did this only three or four times in last one year. 

Has anyone tried running the EA successfully on higher time frames other then M30 ? - and what were your results ? How accurate were they and how often did trades open per day / per week ?

Hi ,

Higher TF is not recommended, reason,

1) Lower Number of opportunities,  (No doubt accuracy of trades to hit TP will be high)

2) If you are using Middle TF in input as 1H TF, better not to use this EA on more than M30.

Hi Adnan,

1. Can I request for the feature "percentage-based trailing stop loss" rather than using actual pips?

Hi Jin,

Can you give some more detail, like percentage of XXXX. This percentage will based on what value.

Hi Adnan,

Let’s take an exaggerated example of 100 pips, if we put the current system to test with 45 pips, it will be locked in at 45 pips even if the target hits say 200 pips.

With percentage-based trailing stop loss, let’s say we take 45% instead of using 45 pips, at 100 pips, it will be 45 pips but when it hits 200 pips, it will lock in 90 pips instead of a flat 45 pips.

With percentage-based trailing stop loss, let’s say we take percentage-based trailing stop 45% instead of using trailing stop 45 pips, at 100 pips, it will lock in 45 pips but when the price moves up to 200 pips, it will lock in 90 pips instead of a flat 45 pips.

i.e it scales according to the price movement and the amount of pips instead of locking in a flat amount of pips -> e.g 120 pips: 54 pips, 150 pips: 67.5 and so forth...

Can you make this possible through internal coding, Adnan?

I agree. I rented the bot for a month, and I'm considering buying it as it is undoubtedly good. But this is a feature it definitely misses. It makes a lot of sense to implement this, as currently the positions can go as low as they want but as soon as they start growing they are closed at the fixed profit level. I've had many positions opened by this bot that could have easily made 3-6x the pips if this kind of strategy would have been implemented.

Basically, it I'm not misunderstanding what Jin is says, what he's proposing is to add a SL of some percentage of the internal fixed TP to the order once it reaches such TP target, and then upping this SL to that same percentage of the current profit in pips.

Example:
TP at 100 pips, "new feature" percentage at 50%.
The EA opens a buy position. (relative pips: 0)
The position goes up and down a bit, then it reaches +100 pips.
At the current state of things, the EA would close this position and make 100 pips of profit.
With the new feature, the EA would not close this position immediately, but would set a SL at +45 pips.
Now, if the position goes down to +50 pips, the position is closed and you gave gained less (but still gained).
If on the other hand the position goes up to, say, +150 pips, the EA changes the SL to +100 pips. Then the same reasoning as before is followed.

I think this is a strong strategy because it still gains money in all cases where the EA would have gained money, and it has the potential of gaining way more money than the EA would gain at its current state.

Take this position (the closed one). With this algorithm, at 50%, it would have been closed at more than 800 pips, instead of a few more than 100.

This can even be sophisticated at to a higher extent. Take the same position as an example:

The algorithm kicks in at A, setting SL to B level, and then increases it following the price trend (but never decreases it). There are two points where the price crosses the SL level: D and E. If the algorithm were to be implemented as described, it would result at closing the position at the same price as without the algorithm (coincidence). But if the SL is calculated on a filtered version of the trend (I don't know what function would best apply here, maybe simply a moving average even?), the position would easily be kept open until point C, where it would finally cross the SL and be closed at about +1600 pips.

I really see no contraindications to this. The EA would still profit every time it would have profited. You lower the lower bound of the gain each position a bit, but you effectively remove the higher bound.

Please point out if I'm missing anything.

From Adnan: If trailing is enabled, EA will follow trailing instead of target pips.

I assume that this means that it ignores the target pips of 100 in your example but looks at your percentage of 50 so if your trailing start is at 100 pips and the movement hits 100 pips, then it should start having a stop loss at +50 pips.  If it goes up to 150 pips, it should be +75 pips (i.e 75 pips room to move) so that means so long as it does not exceed 50% pips allocated, it should always move in the direction enlarging the number of pips to move around in.

The purpose of me bringing up this percentage trailing stop loss is to replace the current static trailing stop setting which locks in X amount of pips irrespective of how many pips you're trailing with a dynamic trail

Ah. I actually thought trailing for this EA referred to something different. I set it to true but found many instances such as the one shown in the above screenshot.

Maybe I'm just using it wrong, could you maybe explain the exact meaning of the parameters?

Which parameters?

"Trailing Start in Pips" and "Trailing Stop in Pips". From what you say, I gather I'm not using them correctly since the EA always takes the same profit (1 EUR, for any currency pair, and I don't really understand how this is calculated either, since it always corresponds to way more than the "Target Pips" I set, usually ranging from 120 to 160 pips).

Is there a manual or something? Or is it explained somewhere?

Yes this was a very active topic a couple forum pages back, see this forum post.

Also are you using the SaadTrendTracker_Aggressive_WithTrailing.set from this post?

It works quite well and I always get a lot more profit.

Henry de Jongh
Software Developer
https://00laboratories.com/ • MT4 Trading Signal

As for the idea in question, the indicator TrendTracker already supports it. The trailing stop loss shows up as little blue arrows and a green line. Adnan only has to actually make use of this information in the EA to add the feature.
I do agree that it would be awesome to get some more profit out of trades, especially when it's already up to 0.30 lots. When there is -400.00$ draw-down there could also be +400.00$ profit instead of +1.00$ (+0.20$ trailing).

I highlighted it with yellow in mspaint.exe for ugly clarity:

Henry de Jongh
Software Developer
https://00laboratories.com/ • MT4 Trading Signal

Hi Jin,

I am still checking , the possibility of % along with accumulative profit. in this EA, Trailing is two kind of things.

1) Trailing when there is single order

2) Trailing when there are multiple orders more than one. In this case I Accumulative profit or TP is key part of the strategy.

I am still evaluating, feature for percentage. 

Correct me please if I am wrong, what I understood from your description of 45% at 100Pips. Price hit 100 pips, EA will lock 45pip and when price will hit 200pips EA will lock 90pips and so on. But question is still there, you are counting 45% of what.

As per current scenario if Trailing Start=100 Pips and TrailingStop=45Pips. It will achieve same goal as explained above by your example.