PipMaker v1 - Price action based EA - page 48

 
duyduy:
Profit is the profit u want to close for each position.

Session target is the target u want for each day.

If it reach, the EA won't open any position again.

If u edit the EA setting anc click ok.

The sesion target sometimes count 2 times. Be careful

What you think, How I could set profit and session target, when the deposit is 5.000? What you mean with count 2 times?

The big problem is, I think, there is no stop loss. This will ruin the account somwhere in time.

 
erdenmensch:
What you think, How I could set profit and session target, when the deposit is 5.000? What you mean with count 2 times? The big problem is, I think, there is no stop loss. This will ruin the account somwhere in time.

For example u set sesion target 500

When u edit the EA setting and click ok.

Sometimes the session target count 500x2 = 1000. So better don't edit the EA settin if already open position.

My setting in above post is for $10.000 and leverage 1:500

if $5000 just divide it by 2.

But U must use leverage 1:500

U can try FXOPEN micro account, count in cent.

If U deposit $50 then your account balance is 5000 cent

 
duyduy:
For example u set sesion target 500

When u edit the EA setting and click ok.

Sometimes the session target count 500x2 = 1000. So better don't edit the EA settin if already open position.

My setting in above post is for $10.000 and leverage 1:500

if $5000 just divide it by 2.

But U must use leverage 1:500

U can try FXOPEN micro account, count in cent.

If U deposit $50 then your account balance is 5000 cent

Are the settings for an leverage 1:100 account and 5000 $ balance correctly?

Files:
1_1.jpg  160 kb
 

The positions dont close automaticly with your settings, when I go long and short at same time. Do you know the settings for automatic closing?

 
erdenmensch:
The positions dont close automaticly with your settings, when I go long and short at same time. Do you know the settings for automatic closing?

Hmm...

It should close automaticly..

Maybe u can check the journal tab, maybe it requote

Here my result from 5 Nov until now

Account balance up to 70% in two weeks with no floating

 
erdenmensch:
Are the settings for an leverage 1:100 account and 5000 $ balance correctly?

My above setting is for $10.000, then u need $50.000 for 1:100 leverage for my setting.

For $5000 and 1:100.. How to calculate

Maybe my setting should open 0.1 lot

profit target and session target should divided by 10

And if use 1:500 just need $1000

 

This EA is crazy good! results follow.

 
duyduy:
And if use 1:500 just need $1000

How? 500 leverage just need $ 1000. Thats not be true???!

 
erdenmensch:
This EA is crazy good! results follow.

This EA is great - until it stops 'working', then it blows your account!

I had it on GBPUSD as it was going up. Hit 47% drawdown, which was all my demo account could take...

 
omelette:
This EA is great - until it stops 'working', then it blows your account! I had it on GBPUSD as it was going up. Hit 47% drawdown, which was all my demo account could take...

thanks omelette, which broker you use and it was a real or demo account?

I want to use it with interbankfx. Ive opened an mini account with 200 leverage but the positions are not close. Maybe the same problem like you? Ive the settings from duyduy but 400 deposit, 4 pairs and 0.1 lot.

Anybody know an answer for the close-problem? I think anything in the properties.