
04-07-2008, 01:46 PM
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Member
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Join Date: Nov 2007
Posts: 47
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Quote:
Originally Posted by drgoodvibe
has any one tried making the take Profit variable based on a divider?
SO here's an example..
Take profit divider is 1.25
Lot Multiplier is 3
Progression #1
Take Profit is -- 26
Pip distance is -- 25
Progression #2
Take Profit is -- 26/1.25 = 21
Pip distance is -- 25
Progression #3
Take profit is -- 21/1.25 = 17
Pip distance is --25
- This way as the progressions increase in lot size they are more likely to reach the take profit.
Indeed however when the progression closes all the trades out it may end up still in the negative when the progressions are say in the 5's and the 6's as the take profit will most likely not be higher then the negative trades. However the negative amount would not then be that much lower.
This way we may be able to lessen the risk of this EA. Would anyone be able to code a take profit divider so as the progressions increase, the take profits decrease.
I think it would take the edge off this EA quite a bit. The same can be done for the Pip distance amount as that can and should be variable. Possibly in the reverse? As the progressions increase so does the pip distance. This can help in protecting the account when there are large breakouts.
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may you give an example?
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