PP on Steroids Basics - ask your questions here.

[Reaper]

Can someone kindly explain the use of AddBEP=true/false? What will be its effect if set to true (or false)?

If price hits your BreakEvenTargetPips, the EA should move your SL to 0. If you have AddBEP set to true it will move SL to whatever BreakEvenTargetProfit is set to.

e.g.

BreakEvenTargetPips 200
AddBEP true
BreakEvenTargetProfit 5

When price hits 200 it will move SL to 5.

BreakEvenTargetPips 200
AddBEP false
BreakEvenTargetProfit 5

When price hits 200 it will move SL to 0.


I'm pretty sure if works like this, if anyone wants to correct me, feel free.

[jauhar]

Can someone kindly explain the use of AddBEP=true/false? What will be its effect if set to true (or false)?

If price hits your BreakEvenTargetPips, the EA should move your SL to 0. If you have AddBEP set to true it will move SL to whatever BreakEvenTargetProfit is set to.

e.g.

BreakEvenTargetPips 200
AddBEP true
BreakEvenTargetProfit 5

When price hits 200 it will move SL to 5.

BreakEvenTargetPips 200
AddBEP false
BreakEvenTargetProfit 5

When price hits 200 it will move SL to 0.


I'm pretty sure if works like this, if anyone wants to correct me, feel free.

Angat! thanks a lot for the explanation.

[Reaper]

I decided to try a forward demo with risk 5%, it didn't work in the strategy tester but it seems to be working in the forward demo. However there is one thing I noticed:

risk5percent.png

Brand new account with 10,000 balance, 3 buy orders with 0.06 and 1 sell order with 0.50. I would have thought the sell order would have been calculated to 0.06 (or the buy orders to 0.5) :

What am I missing here? Shouldn't they all be the same?

First time running risk based lots in an EA, if this is normal, please let me know.

[AnotherBrian]

I decided to try a forward demo with risk 5%, it didn't work in the strategy tester but it seems to be working in the forward demo. However there is one thing I noticed:



Brand new account with 10,000 balance, 3 buy orders with 0.06 and 1 sell order with 0.50. I would have thought the sell order would have been calculated to 0.06 (or the buy orders to 0.5) :

What am I missing here? Shouldn't they all be the same?

First time running risk based lots in an EA, if this is normal, please let me know.

Different tickvalue for the pair.

[PipPoppy]

Have just downloaded and set up PP on steroids.
It has placed numerous multi-level trades at the 20/40 etc levels at the current price.

Shouldn't it be placing multi-level trades at those levels from the main trade pending order price?

As it stands now multi-level trades will be filled long before we get to the main trade. I thought that those trades are meant to be taken after the main trade has fired and thus we are going with the trend?

EDIT - It also looks like it is setting pending orders at 100 level

[SteveHopwood]

Have just downloaded and set up PP on steroids.
It has placed numerous multi-level trades at the 20/40 etc levels at the current price.

Shouldn't it be placing multi-level trades at those levels from the main trade pending order price?

As it stands now multi-level trades will be filled long before we get to the main trade. I thought that those trades are meant to be taken after the main trade has fired and thus we are going with the trend?

EDIT - It also looks like it is setting pending orders at 100 level

Waiting to see what it does when GP opens a new D! candle in a few minutes time. I did say there might be a few bugs.

[SteveHopwood]

Have just downloaded and set up PP on steroids.
It has placed numerous multi-level trades at the 20/40 etc levels at the current price.

Shouldn't it be placing multi-level trades at those levels from the main trade pending order price?

As it stands now multi-level trades will be filled long before we get to the main trade. I thought that those trades are meant to be taken after the main trade has fired and thus we are going with the trend?

EDIT - It also looks like it is setting pending orders at 100 level

I just got the same as you. About to post in the main thread.

[PipPoppy]

Have just downloaded and set up PP on steroids.
It has placed numerous multi-level trades at the 20/40 etc levels at the current price.

Shouldn't it be placing multi-level trades at those levels from the main trade pending order price?

As it stands now multi-level trades will be filled long before we get to the main trade. I thought that those trades are meant to be taken after the main trade has fired and thus we are going with the trend?

EDIT - It also looks like it is setting pending orders at 100 level

I just got the same as you. About to post in the main thread.

Ok good - glad I wasn't 'seeing' things

[tikku]

Could anyone help me with that error code?

2015.02.06 19:24:29.712 Pipcruiser's Pipmasher USDCAD,Daily: USDCAD Pipcruiser's Pipmasher OP_BUYSTOP order send failed with error(3): invalid trade parameters

[brt]

I am using a US broker with a GMT+2 server and have tradinghours set to +0.10,-0.25. My pendings trades pop up right at 5:00 pm est vs the 5:10 that I would expect... any idea why this would be?

Thanks in advance!

Brendan