SteveHopwood wrote:

cosmo wrote:

My EURUSD Buy trade has exceeded the 50 pip target but the EA has not closed the 1/3 ?

But i have now done so manually.

Sometimes a stop loss mod and a part close in rapid succession causes a trade context error. I will have a look and see if I can add code to force a close if the order lot size = Lot and the stop is at BE.

      //Profitable trade management
      if (OrderProfit() > 0 && !TradeWasClosed) 
      {
         double PartLot = Lot / 3;
         if (OrderLots() > PartLot && EnablePartClosure)
         {
            TradeManagementModule();//This will move the stop to BE come what may
            //pp = pips profit
            double pp = CalculateTradeProfitInPips(OrderType() );
            if (pp >= BreakEvenPips && pp < (JumpingStopPips * 2) && OrderLots() == Lot) PartCloseThisTrade();
            if (pp >= (JumpingStopPips * 2) && OrderLots() > PartLot) PartCloseThisTrade();
             
            //This snippet is to take care of the situation where the stop has been moved to BE but the part-close failed. Then the market retraced, so the part-close was not attempted again.
            if (OrderType() == OP_BUY && OrderStopLoss() >= OrderOpenPrice() && OrderLots() == Lot)
            {
               PartCloseThisTrade();
            }//if (OrderType() == OP_BUY)
             
            if (OrderType() == OP_SELL && OrderStopLoss() <= OrderOpenPrice() && OrderLots() == Lot)
            {
               PartCloseThisTrade();
            }//if (OrderType() == OP_SELL)
          
             //This snippet is to take care of the same situation but following the first jumping stop, when the second third of the trade should have   closed. This is all a bit messy, so if someone can see a better way of coding all this, then please do sing out.
            if (OrderType() == OP_BUY && OrderStopLoss() >= OrderOpenPrice() + (BreakEvenProfit / factor) + JumpingStopPips && OrderLots() > PartLot)
            {
               PartCloseThisTrade();
            }//if (OrderType() == OP_BUY && OrderStopLoss() >= OrderOpenPrice() 
            
            if (OrderType() == OP_SELL && OrderStopLoss() >= OrderOpenPrice() - (BreakEvenProfit / factor) - JumpingStopPips && OrderLots() > PartLot)
            {
               PartCloseThisTrade();
            }//if (OrderType() == OP_BUY && OrderStopLoss() >= OrderOpenPrice() 
         }//if (OrderLots() > PartLot && EnablePartClosure)  
         else TradeManagementModule();//This deals with subsequent jumping/trailing stops once part-close has already taken place
      }//if (OrderProfit() > 0 && !TradeWasClosed) 

fxozgirl wrote:I've just made an adjustment to my demo settings I started yesterday...changed ShortTradeTrigger to 75 & LongTradeTrigger to 25

also set up 2 new demo's using candlestick trailing stop & regular trailing stop 75/25 Trade Trigger's

Will set up myfxbook for all 3 demo's later today

cosmo wrote:Steve, thanks for making the changes and thanks to all you guys for your ongoing development of this method.
I really believe now that long term success in forex lies in trading only the long time frames, daily and weekly (wish I could go back 3 years). Just looking at other methods, most people are trying to trade 'the noise'. If I was investing $100,000 would I feel more confident trading the 30 minute or Daily or Weekly?

SteveHopwood wrote:

cosmo wrote:Steve, thanks for making the changes and thanks to all you guys for your ongoing development of this method.
I really believe now that long term success in forex lies in trading only the long time frames, daily and weekly (wish I could go back 3 years). Just looking at other methods, most people are trying to trade 'the noise'. If I was investing $100,000 would I feel more confident trading the 30 minute or Daily or Weekly?

Quite right too, although I am not sure where the 30 minute tf came in - a typo perhaps? The longer term time frames are no use to someone with a tiny account. My live trading account has just shy of $500 in it. A long-term trading system that takes 12 months to make 10% is going to get me nowhere.

If my account holds $10,000,000, then a trading system that takes 12 months to make 10% is making me a lot of money.

Equally, if I have a $1,000,000 account, then a scalping system that makes me a proportional 5 pips a day will make silly amounts of money.

The same system makes bugger all on my $500 account. For a while, anyhow.

What time scale we trade depends on how much we have in the account. Ok, so I do trade the H4 time frame, but only as a scalper. 20 pips and I am a happy man. My richer D1 traders can stand a dd of 1,000 pips waiting for their MN1 500 lot trade to turn around over a two year period; I cannot. I just hop onto the back of their retraces.

cosmo wrote:That's true a $500 account will not withstand a serious drawdown,

I have traded the 1 minute with 25% of my account on each trade (just for fun) using the OS/OB levels of the Stoch. and Hi Lo indicator and just taking 3 to 5 pips.... Never had a losing trade, the market always ranged up and down especially during Asian session.

fxozgirl wrote:I've just made an adjustment to my demo settings I started yesterday...changed ShortTradeTrigger to 75 & LongTradeTrigger to 25

also set up 2 new demo's using candlestick trailing stop & regular trailing stop 75/25 Trade Trigger's

Will set up myfxbook for all 3 demo's later today