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Any body can help ?
I need a EMA Moving Average with Martingale system with following condition: BUY - when EMA cross over , eg 20EMA cross Over 50EMA TF 1min - TP 10 pips and SL 10 pips When the trend reverse and hit SL 10 pips , this EA will turn into SELL condition (reversal order much at least 30 ticks) with increament of 2* of the previous order and set TP 10 pips and SL 10 pips, the order back to initial order when profit hit. Thanks in advance. sorry for my bad english. |
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Is not that simple as it looks.
I mean is ok to have fewer lots in loss, but there is another problem. If you buy and trend go down 200 pips, then you'll have 2 orders when trend came back at a distance of 200 pips. So, second order have a lot to go till close in profit and is a big chance trend turn again before that. So maybe second order should have a lot size calculated by distance from first one... I run some tests but almost each time result is orders stay open for days till get enough trend return to close in profit. And if orders are on negative swap is even worse. Also pending orders should be canceled at some point, also calculation of lot size for each orders is much different.. As for second idea, I tried partial close but overall result was insignificant, no much gain, maybe few orders less.
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Yes, but this method is influenced by TF used.
If is used 1H then you will have 1 order/bar = 1 order/hour max. If is used M15 you will have 1order/15m = 4 orders/hour max.
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When your broker offers micro lots it should go.
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PipMakerV5aNeo
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Last edited by leglac; 08-20-2008 at 04:30 PM. |
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