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if you were able to summerize the principles in a compact manner, like I have put in post #20, I think it would be helpful to code.:
But finalize the principles.
Hello Rockit, I'll do, Allow Me to spend some time this evening Considering a Outlined rules, I hope That They will not be too much subjective...
Kind Regards,
Jimm
I believe you're extremely confused.:
There is no profit from it.
State you've got tp of 100 and also sl of 100.
Enter buy at say at 50.00. And market at same degree.
Price falls and you make loss of 100 on buy and profit of 100 on sale. The market close.
But the 2nd buy order activates. You have two buy trades available. An additional market open.
But the price falls back by another 100 points. This time you've got two buy trades (the first one and also the next one), obtaining a entire loss of 200 points onto the very first buy (recall the very first buy remains open from the beginning and now is at a loss of 100 100), and 100 points around the next buy. Altogether at this stage your entire buy is at a loss of 300 points. You opened a market that's now at a profit of 100 points.
So, at this stage what you've got is a entire loss about the buys of 300 points. And profit made on the sells of 100 after which 100 = 200.
You're still losing 100 points total.
When the price continues to drop, and activates that your 3rd buy, and keeps on dropping from another 100 points. Your reduction on the buys will be 1st buy 100 100 100, 2nd buy 100 100, 3rd buy 100. Therefore total reduction on buy trades = 600 points. Total profit on the 3 market trades 100 100 100 = 300 points.
Complete your account will soon be losing 600 - 300 = 300 points!!
So how in the world you're going to turn into profit I have no idea, particularly if the price keeps on decreasing, your buy trades will probably have a much greater cumulative loss than the profit you'll make on the market trades.
This technique will be a nightmare when the price keeps on just going one way, at the case above just falling during buy trades.
So not sure how you will then get out at break even. Unless I have misunderstood your principles.
It profitable when ADR is under 90 pips a day (by default setting. There will be time once you see that the ADR go past that. This time you require hedging mechanism or SL, since the nature of this EA open both positions. The payoff part is lacking but you can view @rockit have completed the payoff part. You may enhance it by all means, if it's possible to develop.:
Maybe that's exactly what you were looking for.:
https://www.cliqforex.com/general-fo...ior-issue.html
https://www.cliqforex.com/attachment...1419995073.jpg
Hello, you're totally right, what seems promising until you get hit with a strong tendency, going back to Break even gets harder and harder as you build up the position...
Perhaps, if we can consider a way to to identify that we might be in a trend and then stop building againts and rather with the tendency it might be a fantastic idea and enhance the drawdown...
For instance... EURUSD for your whole 2017/2018, in the start of 2018 (Jan) a VERY HUGE uptrend started not retracing until Month and a half latter...
https://www.cliqforex.com/attachment...1380714531.jpg
I can perform, I think we need to discover a way to filter building a situation too much over a huge trend, this can minimise drawdown and stop the account to be blew up...:
If you have to trade this way then listen for this gentleman.:
I believe the system need to look seriously onto the ADR. Perhaps by range. ADR begin from 50 - 60 pips, 61 - 70 pips, so on.... You can test the information especially for EU on 2008 August and September. 2017, Jun/July/September when I remember that correctly.: