Look at it as a trailing and reducing stop.

My EA Gift to Traders

The time frame for support and resistance could be incorporated. As far as making the EA monitor money management rules for all trades, we have an all or nothing scenario. A stop loss could trail, a wager could increase, a set stop loss to break ...

My EA Gift to Traders

Try this. Input at bottom.

My EA Gift to Traders

TradersGift Trading Concept plus $100 today. Result for week, break even. Next week plus/minus $150. Plus/minus $100 appears to be too small as results achieved during Asian sessions (except Monday). See Post #748 for further details. Post #339 and ...

My EA Gift to Traders

I have just had replies from 2 very active members who have added their intellect to this thread many times previously and for which I am very grateful. One thing that does surprise me is that often when there is a request made, we never hear from ...

My EA Gift to Traders

Having addressed the triple RSI and receiving another request for additional triples in conjunction with some other stuff, I can fulfil these requests but I'm needing some further input from you, to give me guidance. These requests are not difficult ...

My EA Gift to Traders

Problem seems to have been corrected. Results this week - Mon - breakeven Tue - plus $100 (Reset EA back to $10,000 after CloseTrades error) Wed - minus $100 Thu - minus $100 I'm going to leave +- $100 tomorrow and next week I'll try +- $150, ...

My EA Gift to Traders

Not at this stage Walter. There are enough options to work with presently. Please refer to Posts #'s 685 to 689.

My EA Gift to Traders

There was a problem with the Trading Concept - CloseTrades EA at End of Day and the server did not accept the deletion of the Dummy Trade at 00:00:00. I can only assume that the rollovers were being processed at that time so I have amended the ...

My EA Gift to Traders

The only way that would be valid was if each trade was being run from a different MT4 account.

My EA Gift to Traders

It certainly is a problem. You must have a different Magic Number for each chart. Most important !!! Quote from help file - MAGICMA - Use a different number for each chart - You can open identical charts for different uses of the EA but a different ...

My EA Gift to Traders

The pending orders are always under the control of MT4 even if you reboot your system and TradersGift is always monitoring any active trades with a matching Magic Number even if your system is rebooted. The number of active and pending orders ...

My EA Gift to Traders

I agree with you. My initial thought is to run the EA for 1 week on +- $100 just to verify the mechanics and then try +- $150 for 2nd week and then +- $200 for 3rd week and then remove the close trades EA completely on the 4th week.

My EA Gift to Traders

TradersGift Trading Concept - TakeProfit and StopLoss levels have been reduced to $100 see Post #721. EDIT: It has just shut down all trades having achieved the $100 target for the day. If you look at the TradeExplorer at the top of the page, the ...

My EA Gift to Traders

It's probably an appropriate time to remind everybody of the function of inputs, They act as a trigger to the EA to make a particular type of decision and you have complete control of that decision by varying the value. Lets use the current debate ...

My EA Gift to Traders

Yes this is precisely the issue that Alex is raising. I suggested that we use the input called MinPipGain which acts as a trigger for the StopLossMultiplier which was intended to be like a half way point to TakeProfit. So in effect we have the ...

My EA Gift to Traders

Alex, the point is that you are pulling numbers out of the air rather than letting the market tell you its behaviour which is what optimization is all about. Not about long term but really current thinking. Using our own perceptions is not the right ...

My EA Gift to Traders

30 to 50 pips, whatever you set as MinimumPipsRequired. BreakEven is operative until you get to MinimumPipsRequired + BreakEvenPips then MinimumPipsRequired cuts in until you get to StopLoss + MinimumPipsRequired then StopLoss cuts in. The 5% is ...

My EA Gift to Traders

The 5% figure is fixed by design to prevent excessive adjustments. (That is 5% increase in value of investment) I've previously been approached by brokers regarding excessive updates.

My EA Gift to Traders

I could add some code to recognise the MinimumPipsRequired as the new level.

My EA Gift to Traders