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Hello ,
A new version has been released by Iron and first post is updated.
Change Log:
V 4.7
Power Out Stop Loss added
Menu streamlined
Overlay changed to include POSL
Regards
Power Out Stop Loss added If it is on. what does it mean?
Has any other key changes which are useful? I mean all are useful but regarding the result or the using of this ea.
That's a Power Outage Stop Loss. When set to false, the is no SL. When set to true, all orders are transmitted with a 600 set as a stop loss (buy stop, buy limit, sell stop, sell limit). As the buys and sells start, the POSL is modified based on Equity Protection, Tick value, total lots out and portion balance. This new POSL is sent each time the modify order kicks in. As more orders are opened, the POSL gets tighter and tighter.
If anyone every loses their internet connection, they should feel safe knowing their trades have a POSL guarding them. Again, it's a new protection feature that anyone can turn on or off.
The problem is with IBFX demo server. It resets Deposit/Withdrawal after so many trades are closed. So even though I started with 10K, it resets every so often. They have opted to do that then to force the reset of many demos running on their server.
The MaxDD of 7.24% happened a couple weeks into it so it does not show up. Plus, I am using my own programmed script to track MaxDD which is WAY more accurate then what Metatrader tells you.
I have noticed that even with LIVE account it resets deposit/withrawal. In live statement ibfx made my initial deposit as a profit. Now I can't see my first pages of my statement which is sucks.
I want to thank holiguy for the demo! I do check it regularly along my live account. And it's been almost 4 months since u have opened this demo and it clearly shows that it can be traded safely. your demo account looks like a magic tree that grows bucks.
And it's been almost 4 months since u have opened this demo and it clearly shows that it can be traded safely. your demo account looks like a magic tree that grows bucks.
It's all about risk control. I have a $500 live account that can survive
12 progressions, with some margin to spare. You have to be conservative
with this EA.
Another new version is on post one. It syncs all POSLs so that the exact same POSL is set across all open trades should anyone desire to use the POSL setting. Again, this is a protection measure that anyone can set to true or false. It is designed to protect the trades should you lose your internet connection. It does not effect the logic sequence at all but is designed solely to protect YOU.
I recommend a VPS anyway...
v/r
Happy Trading
__________________
Jeff J Talon Associates Investment Management
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