Quote:
Originally Posted by Beno
Gidday David
Sorry I did not explain my self correctly what I have been trying to do is on each new open look back and see which pattern is there be it long or short if neither exist 1) do not open any new positions 2) if positions are open close them and wait for a new pattern.
The other thing I have been looking at is setting a percentage (AccountEquity) based SL I have been searching the various threads looking for info on weather this has been done before. Do you know if it has?
Anyway just thinking out loud
Cheers
Beno
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OK then, you'll need to add in a function in the EA to close off the order. Or else, it will take the previous order's direction as the current order's direction. AccountEquity stop loss version has been done before out of TSD at Yahoo Group.
Regards
David
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
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