they remain open(unless you close them) so the idea is to start with pennys and say......
over 5,000 in your account make sure your plan can survive the worst periods in the currencys history at least by back testing remember the experts on bloomberg say it statistically impossible to make more than 12% a year forever
i dont believe them though i think that is what they feed the general public to keep us stupid.thats my take on it at least

Thanks Iron,

I've downloaded it already. Will try it.
Thank you for sharing.

regards
wanzul69

Does this EA play friendly with other EA's on the same account - recently loaded another EA on a different pair and all trading with piplite has stopped - am I doing something wrong.

Cheers

Thanks for this EA it seems to work very well

yah im almost sure this is the best one out there.



anyways does anyone know if i can load 1 piplite on a chart so that it will only sell and then 1 on another chart that will only buy ?(the same currency)
i want the buying and selling to be seperate in other words...

All,

I've been busy developing other EAs but I haven't forgotten Piplite. In fact, Piplite is one of my 3 EAs on my live account that just sits there and continues to make money.

I have made several modifications to ensure Piplite continues to trade across multiple broker platforms. I have removed the set file from the first post and encorporated the information into this new version of Piplite v3.0. You can find the new version here.

I decided to go with a jump from v2.1 to v3.0 due to all the changes implimented. You will find a list of the complete changes on the first post. I have attached here three backtests for reference to show that Piplite trades on 4 decimal, 5 decimal and micro (penny a pip) platforms and accounts.

To answer some questions, Piplite has a time filter on it to trade 12 hours starting at 21 GMT and ending at 9 GMT. This time frame has helped Piplite to stop huge trend movements and proves to be the best overall. Just set the new GMT Offset for your broker and you're set. Piplite will continue to monitor all open trades all the time to ensure that you can close your "basket" of outstanding trades in profit. The time throttle is there mostly to stop too many trades from being opened.

Piplite will set the right aRSI time indicator period during it's calculation but you must place it on the right timeframe! Piplite is now only recommended to trade the GBPUSD on the 30 minute chart as all other pairs have proven unsatisfactory during this current market condition.

Piplite plays well with other EAs as generates a magic number based on the pair you are trading. Piplite will also autodetect your broker decimal (4 or 5). You will need a broker that trades down to the micro lot (.01) as any other lot size higher will kill your account! Penny a pip account types will need to set the new IBFX micro value to true.

Remember, there is no set file now. Piplite is good to go, right out of the box for GBPUSD on a 30 minute chart. You just need to set your specific account details and your risk tolerance parameters. Piplite is an equity trader so no TP is sent to the broker and if you have POSL turned off, no SL is sent to the broker either making Piplite inherently stealthy. If you experience spotty internet connections, I recommend turning POSL on to have a stop loss based on the Equity Protection Percentage to the broker. As always, have fun! I've made some good money with Piplite with the settings that are in it right now! Enjoy!

Happy Trading

v/r

Attached Files

	FXDD 4 Decimal Test.pdf (114.6 KB, 124 views)
	IBFX 4 decimal micro.pdf (89.1 KB, 123 views)
	Tradeview 5 decimal.pdf (48.4 KB, 120 views)

__________________
Jeff
J Talon Associates
Investment Management

Reserved...see first post

__________________
Jeff
J Talon Associates
Investment Management

THANKS A LOT IRON

i was about to ask you were was the V3 in first post
Thanks again for instructions you just gave us
thanks for sharing

Hi, can you please give the best settings for the EA?

When I backtest with the throddle set, I always end up with a nice curve that
goes down at the end??

Thanks

Hi,

iron thanks for the share !!

I have a question regarding the difference between ver 2.1 and 3.0, i've made two backtest (february and march 2009) with the two, with a risk of 20 (1000$ account) on gbp usd with the set file. But only the 2.1 manage the drawdown of the 12/02, ver 3.0 lose 50% of the account.
Why ?

thank you very mutch