Hi,
I’m a new comer to the ForEx, but have used computers for over 30 years and have done a little bit of programming along the way.

I have read the description of both PipMaker and the RubberBands EAs and tried them and understand how and why they work and it is a good approach with lots of potential. From the little bit I have learned and tired these type of Martingale/Hedging AEs they are great profit makers, but their downfall is that the losing trades don’t get canceled out EARLY. A tight Stop Loss on the losing trade of hedging pairs makes it very profitable. I also have a great little commercial utility from PipBoxer.Com that is a 2 stage Trailing Stop Loss (PBTS) that helps these systems and is very reasonably priced. It works with the RubberBands AE but not PipMaker.

When I use these programs more in a Scalping mode, which they are great for as they recognize and place a lot of trades very quickly (when RubberBands is in the ‘Safety Mode’), and manually enter tight SL or close out the losing trades very early as soon it is clear which trades are definitely losing money both of these approaches are VERY profitable.

I have no experience programming MT4 and I don’t know if personal circumstances will permit me to undertake programming in this area. At this stage if I am going to do it I will wait until MT5 comes out very soon.

I appeal to programmers to put an adjustable Stop Loss and preferably a Trailing Stop Loss as well onto these types of AEs like PipMaker and Hedgers like RubberBands and these systems will be GREAT and VERY profitable EAs.

If this downfall of these systems is corrected, they will be VERY profitable AEs for everyone that uses them!

Thanks to one and all with any assistance with this.

DougRH
. . . . . . . . .(8 >) Prosperous Trading (< 8)