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Old 09-17-2007, 09:24 AM
confusedxx confusedxx is offline
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Quote:
Originally Posted by Muddyguy View Post
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
Thanks Bill,

As I understand your reply, there is no programmed method to limit losses or close trades that move too far against you? I was holding trades that were down -12% of account equity. They were like that for more than a week.
They were earning small interest, but because the money is locked into those trades and the EA kept adding onto that position every few days, the account is stagnant and not earning 1% - 2% a day.

Rather than earning 1% - 2% a day, my account was at -12% DD and earning 0.05% interest a day. What was wrong with my setup or how can I change it so I see 1% (heck even 0.5% a day)?
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