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| Automatic Loss Recovery System (ALR) - read this first https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3682 |
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| Author: | Dewey McG [ Wed Jul 09, 2014 2:47 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
I would think it would be easier for a programmer to work with the concept than to hack the code anyways. the rules are clear enough and his earlier posts seemed to indicate he was working with the rules. |
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| Author: | wealthmaster [ Wed Jul 09, 2014 3:20 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
O my GOD!!!! I did not buy Dustin's EA and steal it.. I attended his webinars, studied spreadsheets posted here by various people, used trade recoveryV0.03 posted here,and also used PDF posted here for dashboard like Dustin's EA. And USED MY 2 weeks day in and OUT with my programmer to test this and make this EA that can take into account of spreads and swaps as well. Dustin's EA do not have this functionality. So technically this is my copyright. I hired a programmer and paid to code this because no one in this forum was volunteering to program this EA, So I went ahead and paid my programmer so anyone can benefit and use my code to add extra functionality if needed. If you guys still think this is stealing then I think what we are discussing and making other EAs regarding ALR will also we technically stealing..( because we did not get consent from Dustin.. LOL) If you guys decide this is stealing I would be happy to remove that Post.. reply ASAP... |
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| Author: | SpiderX [ Wed Jul 09, 2014 3:29 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
Hi wealthmaster, Sorry. Apologies again. I explained that i misunderstood that you paid for Dustin code and posted it here. My mistake ! Sorry about that and thanks for your generosity in sharing ! Cheers |
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| Author: | kotsh [ Wed Jul 09, 2014 3:44 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
Hi Wealthmaster, thanks a lot for sharing the EA you paid for developing. I don't consider it stealing at all, Dustin is making the information on how his EA works publicly available |
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| Author: | wealthmaster [ Wed Jul 09, 2014 4:28 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
No worries bro!! Thanks |
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| Author: | wealthmaster [ Wed Jul 09, 2014 4:31 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
Your Welcome!! Kindly check it's working and see if you can find any bug.. |
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| Author: | wealthmaster [ Wed Jul 09, 2014 4:34 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
Yes you can use XYZ=0 Please test it on Demo which has decimal lots.. Majority of us has Decimal lots.. And please do your intensive checking before asking any questions.. |
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| Author: | Dewey McG [ Thu Jul 10, 2014 2:15 am ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
Update in post 1: Trend trading EA with ALR from Spider (also set up as a shell to substitute other strategies: http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=3719 Trendtrading EA with ALR from madpipa: http://www.stevehopwoodforex.com/phpBB3 ... &start=170 Trade Manager from Wealthmaster (this one can be used with your own strategies): http://www.stevehopwoodforex.com/phpBB3 ... &start=180 |
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| Author: | Eamonn [ Thu Jul 10, 2014 10:57 am ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
Great work here, and some great EA's to test, here's a thought because the actual lots increase on every turn of the ALR our net exposure increases on every turn with it. What if we decrease the size of the ALR on every turn so we start with an ALR of 50 pips and when ALR is executed we decrease the ALR gap by 10,5 or whatever pips on every subsequent turn until it unwinds Wouldn't this allow either less exposure or couldn't we also decrease the size of the lots to get to a small profit or breakeven. Thinking out loud here. Eamonn. |
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| Author: | Dewey McG [ Thu Jul 10, 2014 12:30 pm ] |
| Post subject: | Automatic Loss Recovery System (ALR) |
There are a few options we can experiment with to reduce exposure. one would be to avoid increasing lot sizes as you mentioned, but this would mean a small loss instead of a small profit or breakeven. However, that may not be so bad if it allows us to increase the size of the initial trade while reducing risk. Another idea would be to close some of the earlier trades in profit as we open more turns. Testing these ideas will take some time, plus I will also be testing the existing EA's. Feel free to pull up a spreadsheet and start doing some calculations to help out. |
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