Recent content by Naufrage

This would indeed be a good thing if Williama could tell us if he relie on any indicator to place his trades.

Hello, I have tested the two "improvement". Unfortunately there is no improvement. If you stop adding new pending order after a while, you will have "small" drawdown, but too often to be profitable on the long term. As for adding more pending order to reach the profit target quickier, this...

Hi, For some practical reason, each pending order has the same size, and the EA keep adding new pending order until the potential loss is covered. That's why it can open multiple order at the same time, and that's why the less levels there are, the more new orders are added. But there was some...

Thank you I'll check it :)

Are you sure that you set "usepartialtakeprofit=true" and "usetakeprofit=true", and that the profit target is bigger than the first target? I'm sure it's working for me.

Ok I've modified the EA so that it places tp just above each level (the closer it can), with the "dynamic cage" feature. Can you tell me if it behaves like you wanted it to behave, and the errors that you may get?

Onyebuchim, regarding your idea of trapping price in a dynamic cage, isn't it what the EA already does with dynamic profit target? Let's say the profit target is 10 pips. When a buy or sell level is hit and the profit reaches 10 pips, all orders are closed and all pending orders deleted, and a...

There seems to have many way to determine support/resistance lines. Can you tell me which formula do you use? Along with the timezone maybe.

Unfortunately this would work only if on some occasions, and on the other we would have big drawdown. And we can't "trap" the price like that. The thing is that with only one level, the losses are twice as big as the gain, so to cover one loss of 0.1 lot, you have to place 0.3 lot of opposite...

Hi Onyebuchim, Sorry to be silent so long, I have been kind of busy lately. I too think the idea of using support/resistance level to place orders is great and could avoid bad situation. And I understand better now what you mean by trapping the price. So back to work, I'll see what I can do...

Hello Onyebuchim, Where would you place the TP for each level? Tell me if I get this right. you suggest that we use this kind of setup: take profit 2 buy level 2 take profit 1 buy level 1 (middle level?) sell level 1 take profit 1 sell level 2 take profit 2 and where would you place the stop...

That's strange it works fine for me. I forgot to say that the hour is from the server time (like displayed in the "market watch" of metatrader), and not your computer time. Maybe it is the problem you had? There is a problem with that: since the take profit will be closer, the size of the...

Sure, here you go: It's an entry hour. To use it set "UseEntryTime=true" and EntryTime= the hour (from 0 to 24) you want the EA to begin a session at. If you want a more precise entry time feature, let me know bye

With a profit target, this would be useless. The profit is calculated for one initial lot. So if you want it to close with more profit, you increase the profit target and there will be more pending orders added :p

Yes that's why now you can set "continuetrading=false" to prevent it from entering a new "session" once it closed in profit. That way you can enter the market only if you think the conditions are good.