Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
The key to using 10Point3, Terminator 2, and any of these Martingale based EA's is to have Deep Deep Pockets to endure the drawdowns while waiting for the retracements because they usually do come. I'm sure everyone has heard this before, but this is what I use for my trading:
- smaller lot sizes such as .01 on a $10K account.
- stay away from volatile pairs like GBPUSD & GBPJPY
- measure avg. daily range and determine proper pip intervals for each pair
- I trade only EURUSD & USDJPY
- I use a modified version of 10Point3 that uses Jurik MACD and it's far more accurate on detecting and keeping me in the right trend.
- I'm making further mods using the Chop Zone Indicator to avoid placing trades during ranging periods.
Can someone please explain why, when the TS is set to 20, how the heck the account can be wipped out to the tune of over 100 pips loss? My understanding of a stop, be it an initial or trailing, is that the EA CLOSES the trade and eats the limited loss when the set value is hit. This is obviously not happening here.
TrailingStop works by waiting for a profitable trade. If profit >= TrailingStop, then a SL is placed at OrderPrice-TrailingStop. If you have a trade with negative balance (the way they all start) then Trailing stop won't do anything. If you have 20 pips of profit, it will set a SL at breakeven. If you have 25 pip profit, it will secure 5 pips of it. I think you might want to set InitialStop, so there is an SL at 20 pips.
The MQ manual on trades has some decent explanations, I had to experiment before I understood that the profit must be greater than or equal to the trailing stop would start.
- I'm making further mods using the Chop Zone Indicator to avoid placing trades during ranging periods.
I think ranging periods is the goldmine for this type of EA's. Why do you want to avoid it? I would prefer to trade only during ranging periods... I think trend is the enemy for these EAs.
I am not as familiar with 10Points3 as I would like, so I can't make a specific suggestion but this idea may have some merit. Instead of waiting for stoploss, what about using an indicator (or an existing indicator result) that says, "This trade looks like it will get worse and we should exit now." Just an unqualified and incomplete idea, but it might help.
I am not as familiar with 10Points3 as I would like, so I can't make a specific suggestion but this idea may have some merit. Instead of waiting for stoploss, what about using an indicator (or an existing indicator result) that says, "This trade looks like it will get worse and we should exit now." Just an unqualified and incomplete idea, but it might help.
Exactly! I think that would give this thing a real edge. A preemptive indication based on falling momentum or something. That's what I'm playing with right now.
I think ranging periods is the goldmine for this type of EA's. Why do you want to avoid it? I would prefer to trade only during ranging periods... I think trend is the enemy for these EAs.
p777m
To be honest, ranging periods for me seem to be when the EA whittles down the equity with small losses because it's not reactive enough to the turns. I think the key is tuning this thing with better indicators to jump on a good trend & ride it until a caution light of some type signals an upcoming reversal or consolidation.
Hi guys...can i know how to set the stop loss in 10Points3 EA ??? and what is the difference between InitialStop and TrailingStop ??
i have try 10Points3 EA in TF 15 and profit USD 114 in 4 hours using demo account. now i want to try it using TF 30M. if everything ok, i want to try it using live account but i have to set the stop loss i think.
Well, I really screwed up and posted something here that I shouldn't have. For those interested in the Terminator EA and other valuable tools, please register for the elite section and support the keepers of this amazing forum.
Linear Mode
