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let me make the news rule mechanical
if the price moves against you by 100 pips in less than 30 minutes of release
then close your trades
also i am adding a rule which says
when any trade in a particular cycle goes against you by 200 pips then the aim of the robot will be to open a lotsize that will simply increase the account balance by 1%
Also at this stage , repetitive trades are ignored( that is trades with less than 30 pips difference from the previous trade)
this rule will help against opening ridiculous and unrealistic lotsizes if a person is affected by news or a large drawdown
Am not adding any other indicator because that will gradually turn the system into a technical trading system
Also a new version of the robot is out but i want to add the 1% increase rule before releasing it
Thanks for your criticisms and advices , i wouldn't have come this far without them
i am sorry for the silence
am having problems getting my requests across to the coder in clear terms and this had led to errors which had to be corrected back and forth
please i will get back to you once am through
the actual robot is complete the only problem is the incorporation of the 1% rule
however if you want me to post that version first then i will
please bear with me
at this stage please i need volunteers to update the robot and make sure it conforms with the rules
initial mq4 file is ready
if you are interested please PM me
the coder has dumped me after 2 alterations
you may invite Iron (jeff talon) as he is the man behind the successfully of blessing 2 n the author of piplite. he is the master of martingale/average system.
at this stage please i need volunteers to update the robot and make sure it conforms with the rules
initial mq4 file is ready
if you are interested please PM me
the coder has dumped me after 2 alterations
I had done some coding using the earlier post.
Could you post the latest rules.
The only rule i added is the 1% rule which says that when the DD is more than 250 pips , then the rules for opening lotsizes change as follows
the Ea checks the current balance eg 1000usd
the ea calculates a 1% increase in 1000usd ie 1010
the EA calculates the lotsize of the next trade so that if the next trade ends in profit the balance turns to 1010
e.g the cummulative DD is 420 pips and the balance is 1000 then 1% of 1000 is 1010, the lotsize of the next trade must be 2.2 lots because 2.2 lots gives us 440 dollars which increases the balance by 1%
Linear Mode
