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Thread: Ilan 1.6-Need Stoploss!

  1. #1
    Junior Member
    Join Date
    Sep 2009
    Posts
    4

    Default Ilan 1.6-Need Stoploss!

    Hi,

    I have been using this version for quiet sometime now. It makes fast bucks...but sometimes it scares me too when it goes down when the market moves too long in negative direction. If you are not watching your trades...then it blows.

    What i need from someone is the STOPLOSS coded properly. It doesn't seem to work at all. During live trading it doesn't show the default Stoploss value and also when adjusted to a particular Stoploss level too.
    The Stoploss level crosses beyond its adjusted level. I have to manually close the trades before it gets worse!

    So need help from funyoo & company...
    Thanks
    Attached Files Attached Files
    Last edited by cybertrade; 09-22-2009 at 13:13. Reason: file attachment

  2. #2
    Junior Member
    Join Date
    Apr 2009
    Posts
    23

    Default Stop Loss

    Yes. I have been using Ilan 4,5,6 for over a year, and the stop losses don't seem to work on any of them. I am told that you need a $10K account, with .01 contracts for it to work without a stop loss. And that the author designed it that way on purpose. Have you tried Blessings2? It is too complicated for me to understand, it has many settings, but it has a stoploss also.


    Quote Originally Posted by cybertrade View Post
    Hi,

    I have been using this version for quiet sometime now. It makes fast bucks...but sometimes it scares me too when it goes down when the market moves too long in negative direction. If you are not watching your trades...then it blows.

    What i need from someone is the STOPLOSS coded properly. It doesn't seem to work at all. During live trading it doesn't show the default Stoploss value and also when adjusted to a particular Stoploss level too.
    The Stoploss level crosses beyond its adjusted level. I have to manually close the trades before it gets worse!

    So need help from funyoo & company...
    Thanks

  3. #3

    Cool

    StopLoss management seems complicated for some reason. While I work out something more subtle, I have decided to use a "big hammer" approach, which I call "CloseBigLosers". This function gets called at the top of start() and requires additional EA parameters:

    extern bool CloseBigLosers=true;
    extern double MaxLossAmount=50.00;

    The function is attached.

    This is not a fancy "check the stats" sort of function. When called from start(), it will iterate all open (not pending) orders and close them if they are losing more than MaxLossAmount. The net result of that is that you have a hard floor on losses, which is better I think than suffering massive losses per loser while trying to get the more "intelligent" SL management codes to work. :-)

    MM
    Attached Files Attached Files

  4. #4

    Default need someone kind enough to code stoploss

    Hi i have been waiting long enough to code the stoploss in this Ilan version from someone here in the forum...anybody help?

  5. #5

    Default Where to put the code?

    Quote Originally Posted by MusicMan View Post
    StopLoss management seems complicated for some reason. While I work out something more subtle, I have decided to use a "big hammer" approach, which I call "CloseBigLosers". This function gets called at the top of start() and requires additional EA parameters:

    extern bool CloseBigLosers=true;
    extern double MaxLossAmount=50.00;

    The function is attached.

    This is not a fancy "check the stats" sort of function. When called from start(), it will iterate all open (not pending) orders and close them if they are losing more than MaxLossAmount. The net result of that is that you have a hard floor on losses, which is better I think than suffering massive losses per loser while trying to get the more "intelligent" SL management codes to work. :-)

    MM
    Hi
    Thanks for a wonderful idea...but for some reason i am not able to put the code in the EA. I have tried to put the function in the EA several times and after restarting the MT4 the EA becomes disfunctional with a gray icon.
    Can you put the code yourself and share the the EA here
    Regards.

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