garyfritz wrote:"Let profits run" is good advice in a trending market. The classic example is long-term commodity trend-following. With those systems in those markets, the long-term results critically depend on grabbing the occasional huge win -- which you only get if you let your profits run. So for that market, "let profits run" is good advice. But real honest-to-God trending markets are actually fairly rare.

But in a **reversing** market, of which there are many, "let profits run" will just result in "give your profits back."

"Let profits run" doesn't work in a market that doesn't trend well. "Grab small profits, rinse and repeat" often works better in these markets -- as Bob often demonstrates in his thread.

Even "cut your losses short" isn't a universal truth. Larry Connors' ETF strategies don't work if you put a stop on them. The trades need room to "breathe." You can argue whether it's smart to run ANY system without a stop, but for those systems to work, you can't cut the losses short.

Don't assume you can apply simple rules to all markets. Look at how your target market behaves, and trade it accordingly.

milanese wrote:

trader689 wrote:thanks for the feedback zTB. your reply also as prompted a very good response from Steve, so that is good

But just to clarify a little, I was asking about a "half close" option within the EA? it seems to be mentioned here, or is that a reference to an external trade manager? thanks people

Hi,

you have to set this to true:

Code: Select all

extern bool     HalfCloseEnabled=false;

that's it, you will find it were is the BE value to set

Cheers

Tommaso

garyfritz wrote: "Cut losses short and let profits run" is practically gospel in the trading community. But as zTB said, it is NOT always true.

"Let profits run" is good advice in a trending market. The classic example is long-term commodity trend-following. With those systems in those markets, the long-term results critically depend on grabbing the occasional huge win -- which you only get if you let your profits run. So for that market, "let profits run" is good advice. But real honest-to-God trending markets are actually fairly rare.

But in a **reversing** market, of which there are many, "let profits run" will just result in "give your profits back." "Let profits run" doesn't work in a market that doesn't trend well. "Grab small profits, rinse and repeat" often works better in these markets -- as Bob often demonstrates in his thread.

Even "cut your losses short" isn't a universal truth. Larry Connors' ETF strategies don't work if you put a stop on them. The trades need room to "breathe." You can argue whether it's smart to run ANY system without a stop, but for those systems to work, you can't cut the losses short.

Don't assume you can apply simple rules to all markets. Look at how your target market behaves, and trade it accordingly.

fchaman wrote:Same here...One demo with initial lots of 0.1 didn´t close half, but the other demo with 0.02, it did close half!

matrixebiz wrote:0.01 is the smallest size but fchaman said "lots of 0.1" so it should have off loaded 0.05.

spotdespot wrote:Hi Steve - I noticed I had a NZDCAD buy that didn't close half the trade @ 30 pips even though it was set to do so. It set BE fine but missed the closing half. I am not much of a coder but I checked the code anyway and the only thing I can see is a discrepancy between the way buys and sells are treated with respect to the half close. For the Buy order there is no step to ensure Empty4 doesn't do its "equal numbers are not always equal" trick

Code: Select all

      //Trade types and half-close, and adjust sl/tp in case slippage has caused them to be inaccurate when the trade was sent.
      if (OrderType() == OP_BUY) 
      {
         BuyOpen = true;
         if (HalfCloseEnabled && OrderLots() == Lot && OrderStopLoss() >= OrderOpenPrice() ) HalfCloseTrade(OrderTicket() );
      }//if (OrderType() == OP_BUY) 
      
      if (OrderType() == OP_SELL) 
      {
         SellOpen = true;
         if (HalfCloseEnabled && OrderLots() == Lot && OrderStopLoss() <= OrderOpenPrice()  && !CloseEnough(OrderStopLoss(), 0)) HalfCloseTrade(OrderTicket() );
      }//if (OrderType() == OP_SELL) 

Cheers,
Dave.