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Thread: Ilan1.4

  1. #201

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    Actually the EA I'm working on acted just like that when I coded something wrong....Each position had its own T/P and S/L....It placed a hundred small orders very quick....and made a LOT of money..... but when it came time to cash out the loss was VERY BIG TOO....or if the Stop Loss started to hit, it lost....I tried and tried to find a workable middle ground but it didn't seem like there was one....But BOY OH BOY...Before the time to close em out came....it was the largest profit in the shortest time with the smallest lots I have ever seen....BillR

  2. #202
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    Sounds interesting, i do not put a stop loss in, just takeprofit. I would just like the EA to place more trades as it moves away from the first trade with a new takeprfit for each trade.

    Just say you put the pip step at say 30, then every 30 pips it will place a new trade along with the takeprofit for that trade, that is what i am after

    Maybe funyoo could code something like that, well i hope



    Quote Originally Posted by BillR View Post
    Actually the EA I'm working on acted just like that when I coded something wrong....Each position had its own T/P and S/L....It placed a hundred small orders very quick....and made a LOT of money..... but when it came time to cash out the loss was VERY BIG TOO....or if the Stop Loss started to hit, it lost....I tried and tried to find a workable middle ground but it didn't seem like there was one....But BOY OH BOY...Before the time to close em out came....it was the largest profit in the shortest time with the smallest lots I have ever seen....BillR

  3. #203
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    Funyoo

    Would it be not to much to ask if you could make a change in this EA. AS the EA places more trades as it moves away from the first trade instead of just waiting for the middle point take profit to he hit, why can't the EA have a new takeprfit for each trade rather than just the takeprofit set at the mid range only, i am not talking about martingail here, just the same lot size for each trade.

    Just say you put the pip step at say 30, then every 30 pips it will place a new trade along with the takeprofit for that trade what ever you want that to be.

    I just think that current way is missing out of short term scalps while it moves away from the first order, i don't want to wait until the middle point before my profit is hit, i want to scalp the current trades i have in between the first trade
    Last edited by wannaberich; 03-18-2009 at 10:48.

  4. #204

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    Hi Wannaberich..I think what you're asking for is already possible....Leave the T/P point alone and just set Trailing stop to 15
    BillR

  5. #205
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    Hi

    Yeah thanks for the reply, well if i do what you have said it still does not do what i am after, yes it trails the stop down, not to the take profit point i no matter what i set it at.

    Just say i have it set at 40 pip sread, then every 40 pips it moves away from the first order, i want it to place another trade at 40 pips then with each new trade being placed i then want a takeprofit for each trade, lets say the takeprofit is 40 pips, then i want a 40 pip takeprofit for each trade using the same lot size

    IIan does everything i want except for the takeprofit for each trade rather than the takeprofit for all the trades !

    Quote Originally Posted by BillR View Post
    Hi Wannaberich..I think what you're asking for is already possible....Leave the T/P point alone and just set Trailing stop to 15
    BillR
    Last edited by wannaberich; 03-18-2009 at 11:22.

  6. #206

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    Ok WBR Good Luck...I think without the occasional close all or reset to zero of open orders you will be in big trouble very quickly. If you either pick long only, or short only, and pick wrong way..., or if you pick both Long and short the open orders will get very expensive as it moves against you...because only very big stop loss will be your way out....

  7. #207
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    yeah maybe but will see what happens, would like to be able to try it and see anyhow

    Quote Originally Posted by BillR View Post
    Ok WBR Good Luck...I think without the occasional close all or reset to zero of open orders you will be in big trouble very quickly. If you either pick long only, or short only, and pick wrong way..., or if you pick both Long and short the open orders will get very expensive as it moves against you...because only very big stop loss will be your way out....

  8. #208
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    Quote Originally Posted by mike58 View Post
    Hi funyoo,

    I was wonder if you could make a small change to version 1.43 that would prevent it from blowing up your account like it did today because of FOMC news. With this manor change I think Ilan1.43 could be a very good money maker and you will never have to worry of account blowup again.

    Just change it so it only places orders after the first one only on ema crosses AND pip steps is met.

    Please see the attach picture for a clearer explanation.

    Thanks
    Mike58
    i agree with you. i loss all my money after that news. we need protection for a new OP. i used iLan to make money but it's all gone i hope funyoo make a code to protect from moving chart after FOMC news.

    (sorry i have bad english)
    thanks

  9. #209
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    I heard of ilan 1.5.

  10. #210

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    Having seen "News" Blow out Martingale EA accounts...with play money AND real money....I consider the only solution is to NOT be in the market when the news is released.....Doesn't get any safer than that...

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