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A new version is attached here. The new version makes only one small and simple change. Folks were wondering what their lot size would be when the changed the risk factor so here's how you can do it now.
Load Piplite onto the desired chart. Uncheck the allow live trading box, load your set file then adjust the risk setting appropriately. Hit OK and Piplite with load with a smiley face BUT won't trade. The message information with pop up showing the base lot size Piplite will use, if you like it, go back and check the allow live trading feature and you're set to go!
v/r
Jeff
Hello Iron, i tested newpiplite 1.4 in MT4 demo, very good results. I want to ask you something, my broker do not allow any "robot-traders" and i cant use it on real money (i cant change broker), could you explane me the algoritm of piplite 1.4 for manual traiding, of course if it possible. I wish to trade manual but i dont understand mq4 programming to look into piplite code. Please help.
Thanks. (sorry for english)
Hello Iron, i tested newpiplite 1.4 in MT4 demo, very good results. I want to ask you something, my broker do not allow any "robot-traders" and i cant use it on real money (i cant change broker), could you explane me the algoritm of piplite 1.4 for manual traiding, of course if it possible. I wish to trade manual but i dont understand mq4 programming to look into piplite code. Please help.
Thanks. (sorry for english)
What broker do you have that won't allow robot traders? It's a shame
you can't go with IBFX, because they seem to welcome robots. After
all, the more trades, the more spread money, so it's a win/win situation.
What broker do you have that won't allow robot traders? It's a shame
you can't go with IBFX, because they seem to welcome robots. After
all, the more trades, the more spread money, so it's a win/win situation.
Rob
My broker is the bank, they use own trade platform "OLB", and do not support any robots. And i cant change broker (dont ask why). Thats why i use only manual trade. If piplite is manuable i will tade it. I hope Iron can help me. (bad english)
Iron,
just let me express my sincere appreciation of the work you've done.
I think with this MM you've implemented even coin-flip system will be profitable. Great Job!
Let me point out to one moment though. This is a piece of code I'm concerned about:
I think we should improve this function a little. Real trailing as you know locks profit at some profitable level and moves up as profit does as well. This function unfortunately doesn't lock the profit. So, if second condition is not true
[TotalProfit <= (MaxProfit-(MaxProfit*MaxRetrace)/100)] and prices retraces down original ProfitTarget is not locked and just nothing happenes. Please correct me if I'm wrong.
Below is proposed re-written profit trailing piece of code (not tested):
PHP Code:
// somewhere on the top
bool ProfitTargetReached = false;
//.......
if(ProfitTrailing)
{
ProfitMode=0;
if(TotalProfit >=ProfitTarget) {
ProfitTargetReached = true;
if (TotalProfit >= (ProfitTarget+(ProfitTarget*MaxRetrace)/100)) {
ExitAllTrades(Lime,"Max profit reached on the way UP");
ProfitTargetReached = false;
}
}
else if (ProfitTargetReached && TotalProfit > 0) {
ExitAllTrades(Lime,"Max profit reached on the way DOWN");
ProfitTargetReached = false;
}
}
Linear Mode
