Thread: Piplite v1.0
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Old 11-14-2008, 11:00 PM
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lron lron is offline
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New Version

All,

The markets are simply nuts these days. I saw some wild movements and you experienced what I experienced. When a pair trends wildly and doesn't retrace, Piplite will not take a profit. Pipmaker would have crashed your accounts. Piplite protected whatever you set in your accounts. 50% loss is a 50% loss however.

I worked most of the day on Piplite with regard to issues of slippage, stoploss, broker decimal and other areas. The slippage and stoploss have been fixed to work with both 4 and 5 decimal brokers correctly. This logic simply was not in existance if you were using Piplite on a 5 decimal broker which is why, during potential reqoutes, trades didn't close. The menu has been changed to reflect, well, a menu that has descriptions. Money Management is changed to add a maximum lot value based on a 16 open trade potential.

Additionally, the set files have been changed to reflect these changes. The trade logic remains unchanged and I'm looking at the previous RSI suggestion with regard to trending. It looks simple enough but after the last 2 days of trading, I hope this potential addition will make Piplite a more stable trader. More to follow. Get the new versions and set files here.

v/r
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