Quote:
Originally Posted by jlust286
According to the equity protection code in version 1.5, it can close out at 30% loss if you have it set to FloatPercent at 50% loss and also have Portion set to 3.
First it divides the Balance into 3 then multiplies that by 50% which actually closes trades when there is a 17% loss not 50%. If that number is reached then it will close trades in that currency. After the balance is now 17% less is may close trades in other currencys depending on how bad off they are.
Let me give an example:
Say you are trading EURCHF, EURGBP, and GBPUSD on a $10,000 account and you have the EA set to protect the equity when FloatPercent is set at 50% and Portion is set to 3. First divide $10,000 by 3 and you get $3,333 then 50% of that is $1,666. $1,666 is how much any single currrency is allowed to lose before protection kicks in and closes trades for that currency. If that happens then your new balance is now $8,334. Divide that by 3 and multiply by 50% and your new protection is at $1,389. If another currency is lossing by that much then Equity Protection will be kicked in for that currency as well and your new balance is $6945 which is a total loss of about 30% from your starting balance.
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Ahh.....I think this could be the case.
You could be right here. I have two pairs running, and after one pair closes with a a loss (maybe equity protection hit), I saw that the other pair started to close out not long after as well bringing the total of losses close to 30%
So maybe it is safer to run with a single pair only even on a nano-lot account