Automatic Loss Recovery System (ALR) - read this first

[gimin]

Attached is the ALR version which has SL placement for safety and to avoid unnecessary slippage. Kindly test and let me know if there is any bug. Thanks

Dear sir :

Can you edit micro account ver for test.....
thanks.....

[wealthmaster]

Dear sir :

Can you edit micro account ver for test.....
thanks.....

you can use 0.01 lot

[Dewey McG]

Attached is the ALR version which has SL placement for safety and to avoid unnecessary slippage. Kindly test and let me know if there is any bug. Thanks

Great job and thanks! Steve is going to set up a section for ALR and your trade manager deserves it s own thread.

[abbey]

Is there any new developments on the study of ALR? Has anyone worked it with a cash trading account.

I hear nothing more about ALR since it's release.

Thanks,
Abbey

[Dewey McG]

Here is the link to the demo account where I am testing madpipa's EA:

http://www.myfxbook.com/members/deweymc ... alr/983088

So far it has closed one series at a small profit

[Lagrange]

Attached is the ALR version which has SL placement for safety and to avoid unnecessary slippage. Kindly test and let me know if there is any bug. Thanks

Hi Wealthmaster thanks a million for sharing this with us.
I did some demo's and when I took an initial position of 0.03 lots the first stoporder is 0.05.
According to the spreadsheet I thought this has to be 0.04?
Also tried the EA on the same pair / multiple positions, I changed the magic number but I only notice 1 pending order for the first position.

edit:
I presume I made a mistake with the ticketnumber;
quote: Ticket: Leave it as -1 and it will detect itself (Unless you are placing a 2nd trade in a single currency pair) . Sorry.


thanks Lagrange

[blazecrown]

Hi wealthmaster,

thank you so much for sharing this EA... so far so good... i gave it a try on a separate demo account the other day... so far the account is up 11.7% on autopilot... there are still some open positions left which the EA made on its own...

as it is, the symmetrical T/P of the EA as entered in Pips is already very good. But may i suggest if you can add an option within the EA input to make the Takeprofit asymmetrical, that is, separate T/Ps for the UP Target and DOWN Target. This was suggested earlier by kotsh. This would be very convenient when your target T/P levels are at key support and resistance areas. Also if i may suggest further, that the parameter entry of the Stoploss (as termed in the EA) is not by Pips, but by the actual Entry and Hedge Prices respectively and just let the EA compute the Recovery Zone.

Also as a note, i'm not sure if the Pip value for other currency pairs (i.e, non-$10/pip currency pairs) would be correct computation as there is no user input requirement for it in the EA. i hope this is taken cared of within the program as this is very important in the correct computation of the profits.

i hope these suggestions won't be too much... as it is, this EA is already great (these suggestions will make it awesome ) ... thank you again wealthmaster for this EA...

[wealthmaster]

Your welcome,

The lot difference should be because of pip value of that pair or it took account of the spread.

Attached is the ALR version which has SL placement for safety and to avoid unnecessary slippage. Kindly test and let me know if there is any bug. Thanks

Hi Wealthmaster thanks a million for sharing this with us.
I did some demo's and when I took an initial position of 0.03 lots the first stoporder is 0.05.
According to the spreadsheet I thought this has to be 0.04?
Also tried the EA on the same pair / multiple positions, I changed the magic number but I only notice 1 pending order for the first position.

edit:
I presume I made a mistake with the ticketnumber;
quote: Ticket: Leave it as -1 and it will detect itself (Unless you are placing a 2nd trade in a single currency pair) . Sorry.


thanks Lagrange

[wealthmaster]

Hi,

Yes, pip value was taken into consideration.

I want to tell that the paid project for this EA is officially over now, and my programmer did all the things that I asked him to do, Only one thing he can do, if we find any bug in coding he can replace it.

If you guys want to take it to the next level you would need to start a new project with that programmer, If you guys want I can share my programmer's contact detail in pm or here ( If that is allowed in the forum)

Hi wealthmaster,

thank you so much for sharing this EA... so far so good... i gave it a try on a separate demo account the other day... so far the account is up 11.7% on autopilot... there are still some open positions left which the EA made on its own...

as it is, the symmetrical T/P of the EA as entered in Pips is already very good. But may i suggest if you can add an option within the EA input to make the Takeprofit asymmetrical, that is, separate T/Ps for the UP Target and DOWN Target. This was suggested earlier by kotsh. This would be very convenient when your target T/P levels are at key support and resistance areas. Also if i may suggest further, that the parameter entry of the Stoploss (as termed in the EA) is not by Pips, but by the actual Entry and Hedge Prices respectively and just let the EA compute the Recovery Zone.

Also as a note, i'm not sure if the Pip value for other currency pairs (i.e, non-$10/pip currency pairs) would be correct computation as there is no user input requirement for it in the EA. i hope this is taken cared of within the program as this is very important in the correct computation of the profits.

i hope these suggestions won't be too much... as it is, this EA is already great (these suggestions will make it awesome ) ... thank you again wealthmaster for this EA...

[blazecrown]

thanks wealthmaster... let's see first how SpiderX's and madpipa's EAs are doing... i'm also testing their ALR EAs now... let's hear from everybody how they think about this... thank you again for sharing...