Hi findmanu,
I hope you can help me
I found an ea which I have been testing for the last 2 weeks with good results. However, it needs an exit strategy other than closing the current basket of trades in profit.
I have tried one exit strategy which is a simple 150 stop loss per trade. It has been ok this past week, but it is clear that in a huge trend with low retrace it would blow up the account.
It also needs to be tweaked a bit to allow for more flexibility. Here are some changes I would like to be made:
- Allow it to trade lots smaller than 0.1. It currently does not trade if lots are smaller are set smaller than that.
- Allow it to trade with fixed lot size as it is currently using some form of martingale. (maybe make the lot multiplier external so it can be changed to 1.00 or any other if desired)
Adding any of these exit strategy:
1 - Close all trades of a given currency when one of the trades hit a certain number of pips in drawdown. For example, if set at 150, when one trade hits that level (most likely the first one entered), all trades in the currency pair are closed.
2 - Close all trades of a given currency when a certain amount of pips in total in drawdown or dollars in drawdown is hit.
3 - Close all trades of a given currency when the first trade of the basket has been open for a certain number of time in minutes or hours.
The ea that would need the modifications is attached.
Thanks!
I hope you can help me
I found an ea which I have been testing for the last 2 weeks with good results. However, it needs an exit strategy other than closing the current basket of trades in profit.
I have tried one exit strategy which is a simple 150 stop loss per trade. It has been ok this past week, but it is clear that in a huge trend with low retrace it would blow up the account.
It also needs to be tweaked a bit to allow for more flexibility. Here are some changes I would like to be made:
- Allow it to trade lots smaller than 0.1. It currently does not trade if lots are smaller are set smaller than that.
- Allow it to trade with fixed lot size as it is currently using some form of martingale. (maybe make the lot multiplier external so it can be changed to 1.00 or any other if desired)
Adding any of these exit strategy:
1 - Close all trades of a given currency when one of the trades hit a certain number of pips in drawdown. For example, if set at 150, when one trade hits that level (most likely the first one entered), all trades in the currency pair are closed.
2 - Close all trades of a given currency when a certain amount of pips in total in drawdown or dollars in drawdown is hit.
3 - Close all trades of a given currency when the first trade of the basket has been open for a certain number of time in minutes or hours.
The ea that would need the modifications is attached.
Thanks!
Attached File(s)
Robot Forex.mq4
20 KB
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405 downloads