Take a Break FREE
FREE
Pubblicato:
26 marzo 2018
Versione attuale:
9.11
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Hi there,
please see the attached .set file for TaB latest version 5.30.
I have configured the section "---------- A C C O U N T P R O T E C T I O N ----------" according to your screenshot. Note that I have set the Maximum Daily Loss Limit to -4.5 % to have a small safety buffer to the 5% daily limit.
The only thing you still need to set is the "Minimum value until trading IS allowed". You need to enter the overall minimum Account Equity there which equals to Start Balance - 12% (or 10% to be safe).
Please test this .set on a demo account first before going live.
Hope this helps
Hello, you're amazing and your work in wonderful. thank you for all that you do. Respect and greetings from everywhere. Hope you have a good day.
Hello, I still want to confirm the value that the EA uses is percentage not currency value correct? so I put literally maximum daily loss limit to: -4.5 for example? or for a 100K challenge I should put -4500 (which is 4.5%) idk which value to put because idk which function it uses in the backend.
I'm so grateful for your hard amazing work and thank you for the update.
By default, the EA still uses absolute money values.
However, there is a new option now: "Daily Profit/Loss values are specified in" which allows to specify these limits also in percent.
It should be noted that a percentage value is relative and thus, decreases or increases with your Daily Start Balance.
Let's say you make +1.000$ a day so that your balance increases to 101.000$, -4.5% then equals to -4.545$ the following day.
So in a nutshell: if you have fixed (=money) maximum limits for your profit/loss, you should also enter them accordingly in the EA. If you have relative (=percentage) maximum limits, you can now specify them as well.
Hi there,
please see the attached .set file for TaB latest version 5.30.
I have configured the section "---------- A C C O U N T P R O T E C T I O N ----------" according to your screenshot. Note that I have set the Maximum Daily Loss Limit to -4.5 % to have a small safety buffer to the 5% daily limit.
The only thing you still need to set is the "Minimum value until trading IS allowed". You need to enter the overall minimum Account Equity there which equals to Start Balance - 12% (or 10% to be safe).
Please test this .set on a demo account first before going live.
Hope this helps.
Thanks for providing this but it doesn't load properly for me (no values change after loading the file).
Thanks for providing this but it doesn't load properly for me (no values change after loading the file).
Works for me. You need to scroll down the settings to the "Account Protection" section. I only made changes there.
Works for me. You need to scroll down the settings to the "Account Protection" section. I only made changes there.
Awesome work there Eric, I started to understand most of the settings now. it's very advanced because of the versatility of the EA's options. Very well done. Can you explain the volatility protection and how can we set it according to each pair, it's super intelligent and useful to avoid unfavorable market conditions even if news don't exist or in the case breaking news come out and they're not stated in the calendar. Also, can you explain the "close trades before news maximum/minimum" let's say before medium news since it's 30 minutes it will wait till the specific time I set which would be lets say 10 mins then if open trades = true then it will start closing but what if I set the conditions to minimum close would be $20 profit, how would the take a break act? would it still remove the ea but keep trades open and monitor them on each tick? I want to understand the logic there sir, so I can use it accordingly. thanks.
Let's start with the new options for "Close trades before News - Minimum Profit":
That essentially means that you give your trades up to 10 minutes for reaching the minimum profit of 20$. If they do not reach this minimum within this time, no action will be taken, except for the other EA being removed 30 minutes before the news (given that "Force stop trading and pause external EA" = true).
To handle this scenario (and possible drawdowns) safely, you can additionally use any of TaBs other filters - e.g. the "Drawdown Control" section - and set kind of "emergency limits" there as a fallback. Or increase the value for the "Take action X minutes before" to give your trades more time to reach the minimum.
Regarding the volatility filter, it's a bit more complicated to find a suitable value for it as TaB still cannot be backtested unfortunately (working on that, though). Taken from the release notes:
- Improved the volatility filter by adding the new option "Calculate average Volatility for the past ... candle(s)": e.g. you want to calculate the average volatility of the past 7 days for each symbol, then you would enter "7" here + select "1 Day" in the following input "on Timeframe".
- "Dynamic Maximum Volatility (based on current candle)": the volatility filter can now be dynamic. If you control multiple symbols with just 1 TaB instance, setting a fixed "Maximum Volatility (in points)" for all of them might not be too handy. In this case, set this option to "true".
- "Minimum Dynamic Volatility of current candle": if (Minimum) Volatility of current candle > Average Volatility of past candles, trading will be stopped.
So for now, unfortunately you need to experiment a bit with suitable values depending on the symbol and timeframe you're trading until TaB can be backtested & optimized o find the best values automatically.
Let's start with the new options for "Close trades before News - Minimum Profit":
That essentially means that you give your trades up to 10 minutes for reaching the minimum profit of 20$. If they do not reach this minimum within this time, no action will be taken, except for the other EA being removed 30 minutes before the news (given that "Force stop trading and pause external EA" = true).
To handle this scenario (and possible drawdowns) safely, you can additionally use any of TaBs other filters - e.g. the "Drawdown Control" section - and set kind of "emergency limits" there as a fallback. Or increase the value for the "Take action X minutes before" to give your trades more time to reach the minimum.
Regarding the volatility filter, it's a bit more complicated to find a suitable value for it as TaB still cannot be backtested unfortunately (working on that, though). Taken from the release notes:
So for now, unfortunately you need to experiment a bit with suitable values depending on the symbol and timeframe you're trading until TaB can be backtested & optimized o find the best values automatically.
Awesome work as always, thank you.
I was wondering if you could add a back up link to your advisor. I sometimes experience bug/lag when it comes down to pulling news info from your custom link. Do you mind adding investing.com as a backup or link or vice versa? Making investing.com the main link and your website a backup link? Thanks. I hope you understand why.
Awesome work as always, thank you.
I was wondering if you could add a back up link to your advisor. I sometimes experience bug/lag when it comes down to pulling news info from your custom link. Do you mind adding investing.com as a backup or link or vice versa? Making investing.com the main link and your website a backup link? Thanks. I hope you understand why.
Hi there & sorry about the late reply.
May I ask which bug/lag you experience? As usually, news retrieval through the link provided should work even more stable than through Investing.com. Sometimes, their economic calendar is not available due to maintenance etc. In this case, TaB falls back to the last available version automatically. Might this be the reason for the "lag" you are describing?
Hi there & sorry about the late reply.
May I ask which bug/lag you experience? As usually, news retrieval through the link provided should work even more stable than through Investing.com. Sometimes, their economic calendar is not available due to maintenance etc. In this case, TaB falls back to the last available version automatically. Might this be the reason for the "lag" you are describing?
Hello, no problem at all.
To be honest, I have no idea how the functions are on the inside part but that might have been the issue for a minute or two so I had to reinitiate the EA then it was fine.
I am just suggesting adding the link as a backup drop but no big deal also have you thought about adding the source "DailyFx.com"? They have reliable and stable website/data.Hello, no problem at all.
To be honest, I have no idea how the functions are on the inside part but that might have been the issue for a minute or two so I had to reinitiate the EA then it was fine.
I am just suggesting adding the link as a backup drop but no big deal also have you thought about adding the source "DailyFx.com"? They have reliable and stable website/data.Investing.com is usually stable enough. However, at least for MT5, I could make use of the built-in economic calendar instead of external sources. That would also be beneficial for backtesting then.
I will put that on my list of improvements for evaluation.
Investing.com is usually stable enough. However, at least for MT5, I could make use of the built-in economic calendar instead of external sources. That would also be beneficial for backtesting then.
I will put that on my list of improvements for evaluation.
Okay awesome, thanks.
I just found a very bad bug and important to be fixed asap unless there is a fix that I don't know about, now the broker I'm using to trade with does't have raw symbols like "EURUSD" or "GBPUSD", it has "EURUSD...." and "GBPUSD...." basically any symbol with we trade with this broker contains 4 dots in the end "...."
So take a break doesn't work on these symbols and it doesn't show "Next news break in XXh Xxm" either, so can you please help with this?
thank you.
Okay awesome, thanks.
I just found a very bad bug and important to be fixed asap unless there is a fix that I don't know about, now the broker I'm using to trade with does't have raw symbols like "EURUSD" or "GBPUSD", it has "EURUSD...." and "GBPUSD...." basically any symbol with we trade with this broker contains 4 dots in the end "...."
So take a break doesn't work on these symbols and it doesn't show "Next news break in XXh Xxm" either, so can you please help with this?
thank you.
Hi there,
that should not be an issue. It should still work (and also does for me using various suffixes).
Hi there,
that should not be an issue. It should still work (and also does for me using various suffixes).
Hello,
Please send me your broker name by PM and I will check with them :)
Please send me your broker name by PM and I will check with them :)
Hi, I believe this is the same broker I'm using (TGG) with a 4 dot suffix ("....")
Has this been resolved?
Hi, I believe this is the same broker I'm using (TGG) with a 4 dot suffix ("....")
Has this been resolved?
Will be part of the next update in a few days :)
Hi, I believe this is the same broker I'm using (TGG) with a 4 dot suffix ("....")
Has this been resolved?
I just stumbled upon this topic again and tested it using the same broker.
The dots are causing an issue on the file system, indeed so that no news can be filtered.
Will finally provide an update this weekend which also fixes this issue then.
Sorry for the delay & thank you for your patience.
Cheers,
Eric
Hi Eric me i know what does it mean pause during news? Does it really Pause or stopping places new auto orders of other EA during news? or Does it means disabling or turning off Auto Trade button of MT4 during news just like other EA filter out there?
Hey there,
very nice...im in free version me i know how the free version work which i just attached it to our MT4 with this settings but still taking auto orders.