| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| PP on Steroids Basics - ask your questions here. https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4089 |
Page 7 of 20 |
| Author: | milanese [ Fri Feb 20, 2015 5:44 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
this error means that the order does not exists any more, probably the pending order was deleted... Cheers  Tommaso |
|
| Author: | Bigdummy [ Fri Feb 20, 2015 6:01 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
Got it, and does that likely mean I have a setting incorrect on the EA that is causing this to happen? |
|
| Author: | milanese [ Fri Feb 20, 2015 6:20 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
no idea, but probably you can ignore the error.. Cheers Tommaso |
|
| Author: | Bigdummy [ Fri Feb 20, 2015 6:21 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
Got it, and thanks again. No matter what thread I am in, you are always helping! SD |
|
| Author: | ckyon1 [ Mon Feb 23, 2015 8:30 am ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
Hi guys, I'm not sure if I'm writing this at the right place. How strenuous is it, to run PPoS on 24 pairs in one Empty4? Reason being, I'm already running about 3 Empty4 platform and each are running their own EA's atm. I don't want to stressed out the computer during the testing of this EA  Thanks in advance for the help! Edit: System has 1GB of RAM and checking on the performance, about 80% has already been used up. |
|
| Author: | Zennor [ Mon Feb 23, 2015 10:00 am ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
I am running two instances of this EA plus one other on a Xeon E5 3.10Ghz CPU 1.25 Gb Ram. All three together peak at 20% average out at 5-9% so not a system hungry EA at all. Ram usage is steady at 822 Mb but it is on a VPS with all the usual VPS bells and whistles which I suspect accounts for most of the RAM usage. Edit, oh forgot to mention running on 28 pairs. |
|
| Author: | JohnnyAmpere [ Mon Feb 23, 2015 12:56 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
Hi guys, I'm new here on the forum and I decided to test out PP on Steroids. I've got everything set up as it should for the main trade, but I've got some questions about the multi-trade setup. The standard settings for multi-trade have a TP of 30 and a SL of 300. On Friday I entered a EUR/NZD selling trade and three multi-trades got hit, two of them banked 30 pips each but the market turned around and the last multi-trade went down to a -200ish pips at the end of Friday before it reversed again today. Is the SL of 300 intentional set at that number? Like stated above if the market turns around it means you could get 2 "big" losers, plus a risk reward of 30:300 doesn't sound appealing to me. What do you guys have as a SL for the Multi-trades? Would 20 pips be a good value? I tried searching around on the forum for it but I did not find detailed information about it yet. Btw, big compliments for the forum. I wish I had found it sooner, this looks like a great trading community. |
|
| Author: | Zennor [ Mon Feb 23, 2015 1:38 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
Hi Johnny and welcome to the forum. The trades you described are out of the box settings (OOTB) the multitrade as far as I am aware is hard coded to place X number of trades depending on what you have set with the default being 5 at 20 pips apart. The multitrade is a new addition to the EA and as yet is unproven, the main trade is proven and should provide you with plenty of profit. There are many different ideas about the multitrade but utimately it is up to you to set the Take profit and Stop loss in accordance with your lot size and risk appertite bearing in mind what I said earlier that the EA will place trades at 20 pip intervals so just as a suggested start point maybe a 20 pip take profit meaning you only have one of these open at any one time and maybe a 50 pip stop loss meaning if you get 3 good hits from the default 5 set you should still end up with a net profit.. +20 +20 +20 -50 = +10 pips, of course if all five hit and they do then +100 pips. |
|
| Author: | JohnnyAmpere [ Mon Feb 23, 2015 2:01 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
Hi Zennor, thanks for the reply. I get the concept behind the multi-trade setup now. I'll go with a 30 TP and 50 SL setting for now to see how that works out. Thanks again! |
|
| Author: | Zennor [ Mon Feb 23, 2015 2:17 pm ] |
| Post subject: | PP on Steroids Basics - ask your questions here. |
You are welcome.. Something to consider before setting a one setting fits all risk on your trades. Steve included an absolutely fantastic tool in the EA.. The ATR..The EA ATR is set for 20 days which is a good indication without black swan events of the current ATR. I strongly suggest you consider the information presented to be included in your decision making. For example you stated that you were going to use a 30 pip take profit.. The idea behind the multitrade is to get in and out as fast as possible for a quick profit.. If you set your 30 pip take profit on say the EURGBP which only has an ATR of 69 pips how long are you going to be in a what is supposed to be quick trade chasing 150 pips. Conversly a 30 pip TP is quite realistic with a pair like GBPNZD which has an ATR of 252, should get in out fairly quickly with a 30 pip TP on a pair like that. Just something to consider.. |
|
| All times are UTC | Page 7 of 20 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|