Quote:
Originally Posted by confusedxx
Hey guys.
I have a stoploss of 120 set on the EA and a take profit of 80 set. I also have relative profit set to true.
Looking at my statement and open transations, it seems the stop loss is not working??? 
I put a SL on for the demo because I know gofxpro uses one and I was playing before and have a DD of 15% that just kept sitting there without generating any new trades - I figured that is not the wy I wanted to try the program.
Can you take a look at the statement to confirm you see the SL is not functioning? What shoud I do to make it work? |
Hi,
C4 will not post a stop loss value on the open trades. Why? Because it is calculating the
combined profit/loss of the multiple pairs it is controlling. Since it can't know which will be up or down, it calculates the combined values and takes action accordingly.
Also, it does not have a true stop loss function at all. It has a
positive value trailing stop. Once the trade hits a user specified profit value, this feature can be activated and a dollar trailing stop value is used. The concept here is to NOT take losses, but to average in and/or build up swap until one can exit the trade profitably. (Refer back to my cow post).
You can manually add stop losses to each part of the trade, as well as add extra trades or even close out part of the position. The robot will simply track whatever is left.
Bill Young at GoFXPro does use stop losses for everything in his client's managed accounts. He also uses some special tools I wrote to help pick his entry/exit points, then adjusts the lot sizes as the trade progresses manually.
Trade carefully,
Bill
