i'm back and today i begin fixing up the ea. when it's ready, it'll be version 3 and last!.... i'll sent it to all my testers with prolongued trial period... ( i'm not sure if i spelled that correctly....... :) )

hi fellow testers,

as you may already seen,  the last version i sent you, the one with critical update, has no trailing profit, although the parameter exists in inputs! something was wrong with that function and i removed it. i'll tryto figure out what is wrong and i'll send you the update,till then the ea has only 10% equity/balance exit.

hi,

 

my ea is a very simple one in using, having just 3 parameters to set. they are: pips, risk and profittrailing!

the ea starts by placing 4 trades, one order for each of hte following pairs: EURUSD, GBPUSD, USDCHF an USDJPY. the number of lots for each trade is calculated internaly. after that, in the left corner appears some info. this info means: first column: the pairs; second column: the opening price for each pair; the third column: the lots of each order; forth column: the lots that would be bought or sold when the market moves up or down with the specified number of pips; fifth column: the diference between opening price and current bid price; columns sixth and seventh: the levels at buy or sell will occur with the number of lots specified in the forth column!

let's say the opening price for EURUSD is 1.3453 and pips set at 40. the sixth and seventh columns will show Bid-1.3413 and Ask-1.3493. if the price moves down to 1.3413 level, the ea will buy EURUSD with the number of lots specified in the 4th column; if the price moves up to 1.3493, the ea will close the number of lots specifeied in the 4th column from the main EURUSD order!

risk is a procent number. it means the procent of the balance you want to use for the 4 trades. by default is 50, so it uses by default 50% of you balance! but because this system is based on hedging between those 4 pairs, is isn't a dangerous level!

trailingprofit is also a procent number. by default is set at 5, and that measn when equity is above balance with that procent number, the trailing profit function will be started. for example, if your balance is $1000, and your current equity is $1050, the trailing profit function is activated with 1% trailing. that means if your equity falls below $1040, the ea will clse all orders. if equity moves higher than that, let's say $1080, the ea will close all orders at $1070. i hope i made myself clear enough!

if you have any more questions, pls email me at nicolaechisoceanu@gmail.com.

happy trading,

keep in touch

this friday i stopped my ea's because i upgraded them. so i wanted a fresh start for them.

HEDGE IS HTE WAY!

hi,

the testing of my EA's continued. 'till now no changes in the balance, equity a bit down, waiting to see what will bring the opening of the US market...

today i started forward testing of my 2 brand new EA's, both based on hedging. like many others, i believe hedging is the way of forex trading, and i hope my EA's will confirm that, at least to me... . anyway, i don't know yet if i'm gonna put statements or anything like that, but surely i'm gonna put balance and equity daily progress! 'till next time, bye bye