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Trailing stops for P6 now have the following options:
Tight - TS can be much closer to current price after waiting.
Delayed - U_DelayTS, number of pips to wait before activating TS
Sliding - U_MoveTPonTS, slides TP up by 1 pip each time. On by default, hidden in simple mode.
Constricting - Not implemented properly, hidden and off. Intended to reduce TS to minimum allowed value over time.
Scalar - Not yet implemented, intended to allow automatic calculation of TS and DelayTS values.
When using Tight, Delayed, Sliding Trailing stops, the average profit increases rather than decreases. Normal Trailing Stops missing any of these properties tend to have lower average profit.
U_BreakEvenSL: if a value other than 0 is set, this many pips will cause the SL to move to the number of pips specified by U_BreakEvenProfit (default 0 means move to break even. A value of 5 means 5 pips profit.) An automatically safe value is chosen for your broker if the values are too close.
Signal 5 is similar to RSI R2 EA, I recommend using this on long term data like Daily if it is used. I added a plain RSI signal as Signal 6 because I like RSI. If normal RSI is used, P_RSI_Period should be between 2 to 20.
Please test and let me know if there are any errors. I'm currently using P6 close to profitable levels, and the use of these trailing stops should make it profitable since the incoming signals are predicted well but missed the TP several times. Please enable TS when testing P6 B3.
I still need some live testing on the Time Filter, which is Filter2. (Off by default)
It seems that the new settings are not trading in a tight channel, but this will require more testing. GBPUSD settings need a separate filter to avoid trading a tight channel and I plan to add it soon.
Thanks for testing!
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