New ALR Trade Manager from Milanese

Post by **milanese** » Mon Sep 28, 2015 4:39 pm

theforexedge » Mon Sep 28, 2015 4:36 pm wrote:Tomasso

I'm just reading over the ALR threads as i'd like to try it with a strategy i've been trading for the past few months

and wanted to ask if its possible to add the option to set the ALR_Zone using ATR rather than ADR, as my

strategy uses ATR with a multiplier

Thanks, JP

I will take and look and probably add this with the next update...

Cheers

Tommaso

Post by **milanese** » Mon Sep 28, 2015 4:53 pm

update sep. 28, 2015
New you can use ATR instead fixed values for the ALR zone and the targets..., the new inputs should be selfexplaining..
Go to the first post to download the latest version...

Cheers

Tommaso

Post by **milanese** » Mon Sep 28, 2015 5:01 pm

Please redownload all there was an error in the file I uploaded...

Cheers

Tommaso

Post by **theforexedge** » Mon Sep 28, 2015 8:46 pm

milanese » Mon Sep 28, 2015 4:53 pm wrote:update sep. 28, 2015
New you can use ATR instead fixed values for the ALR zone and the targets..., the new inputs should be selfexplaining..
Go to the first post to download the latest version...

Cheers

Tommaso

Thanks Tomasso

PontusLSE · Post by **PontusLSE** » Mon Oct 26, 2015 7:18 pm

I have just started to try this trade manager, and I have one problem.

It works great on every pair I´ve tried except GBPCAD and EURCAD. Exactly the same settings on all pairs, but on GBPCAD and EURCAD it does not find any open orders to manage.

I open the trades manually and has set magic number to zero.

Any idea what might be wrong? Have I missed something in the settings or could this be a bug?

Post by **milanese** » Mon Oct 26, 2015 8:14 pm

PontusLSE » Mon Oct 26, 2015 7:18 pm wrote:I have just started to try this trade manager, and I have one problem.

It works great on every pair I´ve tried except GBPCAD and EURCAD. Exactly the same settings on all pairs, but on GBPCAD and EURCAD it does not find any open orders to manage.

I open the trades manually and has set magic number to zero.

Any idea what might be wrong? Have I missed something in the settings or could this be a bug?

I had this here on GP demo and live account too with GBPCAD and EURCAD tested, no problem, there must be something on your backend causing, this check the error log ..

Check, that you attach the EA before your open trades to the chart

Cheers

Tommaso

PontusLSE · Post by **PontusLSE** » Mon Oct 26, 2015 8:59 pm

Thank you for your reply. This is an GP demo and yes, I attach the EA before I take any trades

I did some more testing and this came out of the logs,

Code: Select all

2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: zero divide in 'ALR_TradeManagerV3.21.mq4' (3297,50)
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: Modify Order Succeeded !
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: Alert: Modify Order Succeeded !
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: modify #23737357 buy 0.01 EURCAD at 1.45472 sl: 1.40835 tp: 0.00000 ok

Post by **milanese** » Mon Oct 26, 2015 9:19 pm

PontusLSE » Mon Oct 26, 2015 8:59 pm wrote:Thank you for your reply. This is an GP demo and yes, I attach the EA before I take any trades

I did some more testing and this came out of the logs,
Code: Select all
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: zero divide in 'ALR_TradeManagerV3.21.mq4' (3297,50)
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: Modify Order Succeeded !
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: Alert: Modify Order Succeeded !
2015.10.26 21:58:23.049	ALR_TradeManagerV3.21 EURCAD,M5: modify #23737357 buy 0.01 EURCAD at 1.45472 sl: 1.40835 tp: 0.00000 ok

thanks there was a little glitch in the code with some settings and 0.01 base lots creating a zero divide error, now fixed, go to the fist post for the fixed version.., note that the system will need at least a base lotsize 0f 0.05 for a proper working...
You can try 0.01 lot as base size, but you it will not give optimal results..

Cheers

Tommaso

PontusLSE · Post by **PontusLSE** » Mon Oct 26, 2015 9:23 pm

Awesome, thanks a lot! It seems to be working now.

PontusLSE · Post by **PontusLSE** » Tue Oct 27, 2015 7:47 pm

Is the "UseALRSpecialTrailing" working as it is discussed in the "Automatic Loss Recovery System (ALR) - read this first"-thread?

If not, would you mind writing a couple of lines on how it works?