Agent_Tommy wrote:Hi
Actually there is one more important thing which is wrong.
I work on that EA and test it on every possible ways. I found one very dangerous and strange behavior. On strategy tester EURUSD it adds orders every time it touch the certain level. I do not know if this is something which is changeable or it is just error.
I try to explain more detaily. When lets say EA opens at 1.0000 as BASE PRICE and first long is placed at 1,0015 the EA adds shorts at each level every time the price touch 1,0015 so if price will range between 1,0005 and 1,0020 let say 50 times we will have 50 shorts on each short level. Such behavior kills the strategy, but maybe I did something wrong. Could you please check it also if it is as I described.
Normally it should add short at each level only once if I'm right.
Hy
that is exactly how it works ... every time price
triggers a pending order, there must be 3 additional pending orders to place at the opposite side.
So, yes, it is true, the risk is "endless" (limited only by account balance) because it would open new pending orders again and again if price is ranging endless end never goes outside the range.
Thats the reason why it should be set wisely ... at the right place in chart and with the right settings.
If price is ranging between middle of trap and level 1 or 2 or 3 only at the buy or sell side, (not both!) ... then there are only 3 x 3 = 9 new additional pending orders at the opposite side.
A new pending order is not set at every touching a level, i should only be set
when a pending order is triggered.
Sorry its hard for me to discribe in english ...
I hope you can understand what I am talking about ...
, Dietmar
