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Bad day...
It's almost like I spoke to soon and screwed myself over. I just had to close a 5 position situation manually. Things I did wrong...
1st - I started with .24 when this is not realistic even for a $700.00 account. By the time you get to were you need to open the 6th postion you will not have enough balance/margin left because your positions are already negative which leaves you with less floating margin. This is painfully obvious to me now that I saw it happen and I should have thought about that to begin with. 2nd - If I had a 10pt SecureProfit then I would have had a chance to close on the very next bar, after the 5th position was opened. It took a dip for around 12-13 points which just wasn't enough for my 14pt theory/wishful thinking. In this specific case it would have been far better to close after the 5th with little to no profit rather than loosing $174.84 (real money by the way). I have made some adjustments and feel confident that I can rebound from this but at a slower pace than what I was before. Here is an update on my newer/smarter settings? extern double TakeProfit = 25; extern double Lots = 0.15; lowered the starting size extern double InitialStop = 1; extern double TrailingStop = 15; extern int MaxTrades=6; extern int Pips=15; extern int SecureProfit=10; lowered the secure profit although after 4th position closing with 10pts will be little to no profit or even a slight loss extern int AccountProtection=1; extern int OrderstoProtect=2; extern int ReverseCondition=0; extern double EURUSDPipValue=1; extern double GBPUSDPipValue=1; extern double USDCHFPipValue=1; extern double USDJPYPipValue=0.9715; extern int StartYear=2005; extern int StartMonth=1; extern int EndYear=2006; extern int EndMonth=12; extern int EndHour=22; extern int EndMinute=25; extern int mm=0; extern int risk=30; extern int AccountisNormal=0; extern int Magic = 10201; This is not something I will tell my wife until I have made it back... ![]() Last edited by mtaboneweb; 10-19-2006 at 01:49 PM. |
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10point3 settings
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Living dangerously
This is a dangerous EA and I am still alive with MaxTrades6.
Would I be if it was a live account? It is all in the depth of your pockets and your risk aversion. I will update the week's statement when this saga has played out. John |
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EUR USD - Test Day2
Nasty trading day. I made money trading manually today (go figure)
EA analysis: Even though it went against the trend, the account survived. We'll have to see how soon will bounce back. Last edited by kentashiburo; 10-19-2006 at 10:07 PM. Reason: Update |
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