A question on the Trailing Stop Loss, does it simply trail by the same distance as the original stop loss? Seems like it to me, just got it working so I will observe
John Greydanus: A question on the Trailing Stop Loss, does it simply trail by the same distance as the original stop loss? Seems like it to me, just got it working so I will observe
Yes, the Trailing Stop uses the initial stop loss distance from the settings.
Okay, now Trailing Take Profit is not seen often, does that jump the TP ahead as price advance, thus making even more potential profits?
With the Trailing Stop Loss being the obvious exit unless there was a huge volatility spike faster than the TTP?
Thanks
Trailing Take Profit will reduce the TP level if the price is moving against you. This technique is used often in combination with contrarian strategies (Trading against the trend).
You can test all features of this app in the strategy tester!
Trailing Take Profit will reduce the TP level if the price is moving against you. This technique is used often in combination with contrarian strategies (Trading against the trend).
You can test all features of this app in the strategy tester!
Not often I find a new concept, however, I'm not very good with the tester.
Maybe just confirm these settings are okay?
Stop Loss = 25
Take Profit = 75
Trailing Stop Loss = true
Trailing Take Profit = true
Use ATR Points for TP SL = true
This gives me a great SL and Take Profit for day trading from what I see on the live chart, and if I understand correctly, the TP will reduce if it goes into drawdown?
I think that is an awesome feature! And the ATR is great because all the pairs have different daily ranges, I love it.
I have bought your CMW. In some pairs I can do the order place as it is set, but some pairs your CMW does not allow to place any order. I have to place manually from Charts Quick Order Button. How to make CMW to place all pairs order ?
Besides this shows the color change on the basis of Day Candles Percent change. Can you add there H4 & H1 Candle's Percent changes ? So after every H4 / H1 Price movement we can restart newly trading through your CMW.
I have 64 pairs in total and some of the pairs didn't fit the screen.
Is it possible to add scrollbar to mql4? if yes please add. if No, maybe adding a second column will be a good solution to fit all the 64 pairs.
Thank You for a great utility.
I have 64 pairs in total and some of the pairs didn't fit the screen.
Is it possible to add scrollbar to mql4? if yes please add. if No, maybe adding a second column will be a good solution to fit all the 64 pairs.
Thank You for a great utility.
What I would do, run 2 separate installs of MT4, the first, have 32 pairs in the Marketwatch, in the other, have the next 32 pairs, problem solved
A question on the Trailing Stop Loss, does it simply trail by the same distance as the original stop loss? Seems like it to me, just got it working so I will observe
Yes, the Trailing Stop uses the initial stop loss distance from the settings.
Yes, the Trailing Stop uses the initial stop loss distance from the settings.
Okay, now Trailing Take Profit is not seen often, does that jump the TP ahead as price advance, thus making even more potential profits?
With the Trailing Stop Loss being the obvious exit unless there was a huge volatility spike faster than the TTP?
Thanks
Okay, now Trailing Take Profit is not seen often, does that jump the TP ahead as price advance, thus making even more potential profits?
With the Trailing Stop Loss being the obvious exit unless there was a huge volatility spike faster than the TTP?
Thanks
Trailing Take Profit will reduce the TP level if the price is moving against you. This technique is used often in combination with contrarian strategies (Trading against the trend).
You can test all features of this app in the strategy tester!
Trailing Take Profit will reduce the TP level if the price is moving against you. This technique is used often in combination with contrarian strategies (Trading against the trend).
You can test all features of this app in the strategy tester!
Not often I find a new concept, however, I'm not very good with the tester.
Maybe just confirm these settings are okay?
Stop Loss = 25
Take Profit = 75
Trailing Stop Loss = true
Trailing Take Profit = true
Use ATR Points for TP SL = true
This gives me a great SL and Take Profit for day trading from what I see on the live chart, and if I understand correctly, the TP will reduce if it goes into drawdown?
I think that is an awesome feature! And the ATR is great because all the pairs have different daily ranges, I love it.
Okay, I will observe some actual trades, thanks!
Hello,
I am getting better with this, now when trades start going into profit, and trend is very definite, I like to increase lot size
So, if there was a way to do this from the panel, make life easier
Is that possible to have an input programmed there?
Thanks, John
Hello,
I am getting better with this, now when trades start going into profit, and trend is very definite, I like to increase lot size
So, if there was a way to do this from the panel, make life easier
Is that possible to have an input programmed there?
Thanks, John
When you want to increase lot size - simply open more trades until you reach the desired position size. You will get the same net result.
When you want to increase lot size - simply open more trades until you reach the desired position size. You will get the same net result.
Yes, maybe, but too many Take Profit lines on the chart to be adjusting, okay, I can work with it, make an extra template or something, thanks
Hi Tsvetan,
I have 24 symbols showing on my chart, 6 of those are indices. My question, how to remove the unwanted symbols from the panel.
Hi Tsvetan,
I have 24 symbols showing on my chart, 6 of those are indices. My question, how to remove the unwanted symbols from the panel.
On how many PC's can I install this expert?
Hello Tsvetan,
I have bought your CMW. In some pairs I can do the order place as it is set, but some pairs your CMW does not allow to place any order. I have to place manually from Charts Quick Order Button. How to make CMW to place all pairs order ?
Besides this shows the color change on the basis of Day Candles Percent change. Can you add there H4 & H1 Candle's Percent changes ? So after every H4 / H1 Price movement we can restart newly trading through your CMW.
Thanks / Kibria
Unfortunately I'm not sure whether Mr. Tsvetan is even alive or not! He stopped responding to inquiries long time ago!