PP on Steroids Basics - ask your questions here.

[piet.forex]

I'll risk being burnt alive by bringing up a topic I know is certainly not the favorite here, but after reading the PM, PPoS and this thread I still can't find an answer that really clears my doubts:

- Steve in his first post of the guide tells to "look at the wall" (Therefore, local time), and set up trading times 10 minute after the broker's daily candle open
---HOWEVER----
Very most recent posts and discussion here, as well as the input parameter itself, tells us to set up the trading times after the daily candle open on the BROKER'S time. (And it's set at 0.10, so I understand it's 10 minutes past 00, which I guess should be MOST of the brokers open time, right??)

Can someone please kindly confirm finally which one is it? I think it'll be great for noobs aside myself having this very specific clarification

Diego

Ok I will try

I will use my time zone and broker time to attempt to explain:

My time zone is GMT +2. My broker time is GMT +3.

When the time on my "wall" or local time is 23:00 my broker's time( as shown on the EA) is 24:00 or 00:00.

So when my broker's daily candle opens at 00:00 it is 23:00 local time.

The EA opens trades at 00:10 broker time - 23:10 local time for me.

hopes this help

[mobthehop]

Need to to get some advise from fellow traders... Was using PP v1f with moderate success, so considered to upgrade to PPoS v1f today...

1. though Monday is non-trading day - is the EA (PPoS V1f - see attached screenshot) supposed to put the multi-level pendings anyway?

2. Is there a way to dis-able multi-leveltrading as setting lot size to zero doesn't seem to work

3. Steve, would it be possible for you to consider to allow other pip-steps than 20 pips? Too closely spaced for my comfort on D1 tf....

Thanks in advance...

[AGT]

That's "funny" ! I have the same prob regarding the pendings at monday like you. BUT only for AUDJPY ! Strange.

[Mike]

No luck there, reduced the ATR Stop Loss to 0.5 and increased the Multi Trades to 1% same as Main Trade
So seems the EA does not read the ATR setting for the Multi Trade, anyone else test this method of placing Stop Loss / Take Profit for Multi Trades?
If it's not broke don't fix it, but if it is broke ????

HI The_Snowman
1. On your chart, pending Main trades have a TP and SL, pending MultiTrades do not.
2. Steve initially added to PP Bob's 20 Pips sequential MultiTrades with a defined profit of 30 Pips, which in the actual PPS version can be modified MultiTradeProfitPips
3. ATR Settings do not allow to distinguish between MainTrades and MultiTrades. I am sure I would not like to have the same settings for these different trade-types. Therefore I conclude that the Multipliers are exclusively for Main Trades and there is no ATR setting for MultiTrades. Might be an optional goody, which Steve ...
Hope PPS works for you, Mike

[The_Snowman]

HI The_Snowman
1. On your chart, pending Main trades have a TP and SL, pending MultiTrades do not.
2. Steve initially added to PP Bob's 20 Pips sequential MultiTrades with a defined profit of 30 Pips, which in the actual PPS version can be modified MultiTradeProfitPips
3. ATR Settings do not allow to distinguish between MainTrades and MultiTrades. I am sure I would not like to have the same settings for these different trade-types. Therefore I conclude that the Multipliers are exclusively for Main Trades and there is no ATR setting for MultiTrades. Might be an optional goody, which Steve ...
Hope PPS works for you, Mike

Hey Mike,

Thanks for that, confirms what I pretty much worked out by now; I guess the logical method to utilize the EA, trading the way it does, is to use the Equity Sentry as mentioned somewhere here.

Just have a set percentage target so no matter which pairs / type of trades are giving the profit, just be happy and get out of them while ahead.

I'll experiment along those lines for now.

Regards, John

[traveliron]

Is there a way to dis-able multi-leveltrading as setting lot size to zero doesn't seem to work

Mob; try setting MultiTradesMax to zero.

[SteveHopwood]

Need to to get some advise from fellow traders... Was using PP v1f with moderate success, so considered to upgrade to PPoS v1f today...

1. though Monday is non-trading day - is the EA (PPoS V1f - see attached screenshot) supposed to put the multi-level pendings anyway?

2. Is there a way to dis-able multi-leveltrading as setting lot size to zero doesn't seem to work

3. Steve, would it be possible for you to consider to allow other pip-steps than 20 pips? Too closely spaced for my comfort on D1 tf....

Thanks in advance...

There is a bug in the code that allows multi-pendings to be sent when the ea is loaded for the first time - whatever the time of day. I just set PPoS up for a friend and that happened. Something for me to look at.

Re 3, I tried last week but the code didn't quite work. I will have another go.

[MrLong]

There is a bug in the code that allows multi-pendings to be sent when the ea is loaded for the first time - whatever the time of day. I just set PPoS up for a friend and that happened. Something for me to look at.

Re 3, I tried last week but the code didn't quite work. I will have another go.

I had that problem a while ago, I got round it by adding to Start as well as Init.

Code: Select all

void OnTick()
{
//----
   int cc;
   
   if (!IsConnected()) // do nothing until connected to the server.
            return;

Andy

[patmontes]

Guys I have a very basic question. When you set bE and JS per ATR, do you change the settings in the end portion of the set in the section Breakeven settings and jumping stop loss and set it to 0?

[PipPoppy]

Guys I have a very basic question. When you set bE and JS per ATR, do you change the settings in the end portion of the set in the section Breakeven settings and jumping stop loss and set it to 0?

Yes - set the JS to true and setting to 0 and the actual JS will be based on whatever ATR setting you have applied in the ATR section at the top