Wealthmaster,wealthmaster » Wed Jul 09, 2014 2:07 pm wrote:Attached is the exact copy of Dustin’s ALR EA(spreads and swaps are taken into consideration). It is used with manual trading just like explained in Dustin’s Videos
I have been working with my programmer for 2 weeks now, Once in a while I find some bug in an EA and I ask my programmer to update it, But I believe this is now BUG free, But still if you find any BUG,let me know.
Working of this EA is self-explanatory, but still I will try to explain.
Open a trade manually without setting up stoploss you can set your takeprofit and then attach the EA.
Inputs
Ticket: Leave it as -1 and it will detect itself (Unless you are placing a 2nd trade in a single currency pair) After placing a 2nd trade in a single pair open new chart and attach EA with it’s ticket number with different magic number so that EA can differentiate between those series of trades)
*2nd trade= Let say you buy a pair and it hit stoploss and in ALR mode( so It is opening series of trades to recover from a loss) meanwhile you get another entry signal on the same currency pair from your manual trading system, You can take this new signal and open new chart, attach EA with it’s trade ticket number and with different Magic number so EA can differentiate between the 1st trade and its series of trades and 2nd trade and it’s series of trades.
XYZ: Is the amount in USD that you want to make in worst case scenario i.e. after going into ALR mode.
Stoploss: put the stoploss in pips i.e, ALR zone
Takeprofit : Put the take profit in pips ( usually 3 times the stoploss ) This Take profit only becomes active when our stoploss is hit ( i.e when it goes into ALR mode)
Max Order : maximum number of orders
Magic number: Leave it as it is unless you are placing a 2nd trade.
Enjoy Guys /Gals with my Paid EA
i think this version - 8.3 - is all i need.
Question, after the trade goes into ALR mode, can you change the XYZ number without throwing the rest of the functions and settings off?? I might want to increase the XYZ number if the orders hang around for days and builds up negative swap.
Question 2, i assumed if you changed the max orders number the EA calculates to break even for any number. That doesnt seem to be the case. For example if you enter max number of 6 you get a set of 6 subsequent orders with different lot sizes as you would expect. However if you enter max number of 5 (or 4, or 3, etc) with the same SL and TP, you get the same set of subsequent orders as in 6, but with the exception of order #6. But if you enter 7, you get some of the same early numbers but different later numbers. Have i got this right?? I prefer a max of 6. What should the subsequent orders be for 6??
Please elaborate. thnx ron
My question is: is it possible to send an email alert when any error occurs? Thanks in advance.