Maybe I'm stating the obvious, but can't each order be issued with a stop loss? Using indicators to signal if your in a trending or balancing market is hit or miss. I'm sure somebody here can run a test to see where "the point of no return" is concerning X amount of pips in the red for individual trades. For example, I'm sure a trade that gets -500 pips in the red are about 98% never to turn back into profit. -400 pips is probably 90% unlikely, etc. It is pretty easy to take into consideration how much profit per trade this EA makes, vs how much loss per trade, and then use the probability of when a trade is virtually never going to come back to figure out what the stop loss per trade per cross should be.

What about adding a hedge protect engine to help mitigate drawdown, it might make this ea even safer and profitable in the long run.

how abt recommendTF?? 4H ??


sonic

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Thanks,
i think Ive localized the problem. Pipmaker_15.V_1.mq4 and last versions only working in Alpari account but not in Northfinance. Why?

With this horrendous drawdawns it only makes sense with microaccount.

Every order is issued with Stop Loss presented in the variable SL. It`s your decision to use it or not. By defaulf the value is =999 and it actualy disable it.

It`s already done in the LossManagement. You can enable it puting AllowRecovery=true, When EA start loosing too much LossManager will open recovery orders in the trend direction trying to cover the looses. Read the explanantions for the different variables inside the code.

Hello,

I have downloaded the Pipmaker version 15.1. If I look on the backtesting chart it is written pipmakerV14. What is right? Is the Link wrong or was it not changed inside the code?

Thanks for looking!

Kind regards

Amanté
SHW Corporation

Here are my resullts from 3.1. - 25.05.08 with metaquotes-data. But the results in demo and also in livetrading can be very different, when you use the EA with data from other brokers. And maybe some brokers have slippage or requotes. This is important to know.

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Attached Files

StrategyTester.htm (312.5 KB, 66 views)

Is just not changed inside code.

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Well,I used on live, is certainly not working like in a demo account.
Most obvious difference is that is not open same amount trades as in demo, but less.
I think a reason is data filtering/smoothing in live data feed.
Another reason is order processing time, in live it take longer than in demo so even if I have same order opened in demo and in live there will be a difference of 1-3 pips between open prices.
I don't have a live statement cuz I mix some EAs with manual orders so result will not reflect performance of a single EA.

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