ilan 1.6 Dynamic - page 11
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No. Who is it?
What do you think, in FOREX 100% ludi
For example
60% know and use failure but strategy
40% do not have a strategy but
60%x40% or like ??%x? ?%Ilan 1.6 Dynamic
TF M15 Lot 0.1 Deposit 10000 (for lot 0.01 Deposit 1000)
LotExponent = 1.4; - lot increment multiplier for the next lot.
Example: first lot 0.1, series: 0.16, 0.26, 0.43 ...
DynamicPips = true; - enables dynamic pips .
= false - fixed pips = DefaultPips
DefaultPips = 12;
Glubina = 24; - number of bars analyzed on High and Low
DEL = 3;
slip = 3.0; - how much the price may differ if the brokerage company requests requotes
(at the last moment the price changes a little); - slippage.
Lots = 0.1; - initial lot
lotdecimal = 1; - how many decimal places in the lot to calculate
0 - normal lots (1),
1 - mini lots (0.1),
2 - micro (0.01)
TakeProfit = 10.0; - after how many points of profit from Breakeven series
close the deal
PipStep = 30.0; - step for displaying of new knees
Drop = 500; -if the Expert Advisor is Sell and CCI (55) at M15 is higher than
500(=Drop ), or buy orders are opened and CCI (55) on M15 is lower than
below the 500 level,all orders on the current pair will be closed by force,
and the log will print "Closed All due to TimeOut".
RsiMinimum = 30.0; - RSI bottom line
RsiMaximum = 70.0 ; - RSI upper limit
MagicNumber = 2222; - magic number (helps Expert Advisor to distinguish its own orders from other ones)
--------------------------------------------
MaxTrades = 10; - maximum number of orders opened simultaneously
UseEquityStop = FALSE; - if the value of UseEquityStop = true, then
the Expert Advisor will monitor the total loss on its trades
TotalEquityRisk = 20.0; - if the equity drawdown (from maximal value)
has reached 20%, the Expert Advisor will close all of its trades.
UseTrailingStop = FALSE;
UseTimeOut = FALSE; - use timeout (close trades if they "hang" too long)
MaxTradeOpenHours = 48.0; - timeout time of deals in hours (after how many hours the pending deals should be closed)
The Expert Advisor will buy (open series), if the previous candle was white, and sell if the candle was black.
RSI (14) on H1, the Expert Advisor will not buy in the overbought area and, conversely, will not sell in the oversold area. (The data is taken from hourly timeframe! )
Sovtnik calculated pipsstep depending on market volatility.
It determines the High and Low of the last Glubina bars (in our case 24 bars)
Calculated PipStep = (High-Low)/DEL
If (PipStep < DefaultPips / DEL), then PipStep = (DefaultPips / DEL),
If (PipStep > DefaultPips * DEL),then PipStep = (DefaultPips * DEL),
Otherwise, PipStep = DefaultPips;
That is:
- low volatility market Pipstep=DefaultPip / DEL - this is the minimum Pipstep
(4 in this case);
- high volatility market Pipstep=DefaultPips*DEL - this is the maximum Pipstep
(36 in this case);
- normal market Pipstep=DefaultPip (12 in this case).
Hello! I would like to ask how to place a stop loss with ilan 1.6, and does it even make sense?
No. It doesn't. The "stop loss" level is determined by the size of the DEP.
No. It doesn't. The 'stop loss' level is determined by the size of the DEP.
Thank you. then how do you avoid the losses that sometimes arise?
Thank you. then how do you avoid the losses that sometimes arise?
I'd like to know if the leverage is important, and what is the best leverage? I don't know, but different people recommend to put 5 minutes, others 1 hour.
Yes, it does. The bigger the better: 500 or 1000. The older the timeframe, the fewer trades and the more "reliable" :-) the EA's work.