Dovilo » Tue Jan 27, 2015 11:19 pm wrote:I have a problem. Trades are not modified nor new one are sent because of error 4107 (invalid price parametr) when I have CriminalIsECN set on false and error 3 (invalid trade parametrs) when I set it on true.

I think it's a problem with ALR_TargetPercentProfit. When I set it on 0 from 0.1 trade went on but with strange parametrs (look atachment). Can someone help?

Bruster400 » Thu Feb 05, 2015 5:11 pm wrote:Thanks Shona, appreciate your feedback.

I've found stops make a big difference; too small and you get killed by chop, too big and the TP's are often missed. You definitely have to set these for each pair.

I have a few questions:

- Do you use the AutoTPandSL setting on false or true? I've had some issues with true
- Have you tried managing using magic number or do you just set this to 0?
- Have you used it on any of the indicies or on Gold? I have and it created very big increments on the lots for each leg - much bigger than necessary. Gold: 0.5, 2.2, 3.0, 4.0 and Dax: 0.5, 2.5, 3.3, 4.5 Both with TP's that were 3x the stop. I thought Gold might be because of spread but the spread on Dax is only 1pip.

I'm really keen to get it working on DAX because that seems to have at least one good strong move each day either at the open or at the open of the DOW but either one, this EA would position you perfectly for it each time. Any help understanding why the lot increments are so large would be great!


Thanks again for your help

libbo2003 » Fri May 01, 2015 8:21 am wrote:

Bruster400 » Thu Feb 05, 2015 5:11 pm wrote:

Hi Buster did you get this EA up and running on the dax?

Bruster400 » Fri May 01, 2015 10:51 am wrote:

libbo2003 » Fri May 01, 2015 8:21 am wrote:

Bruster400 » Thu Feb 05, 2015 5:11 pm wrote:

Hi Buster did you get this EA up and running on the dax?

Hi Libbo,

Can't help you I'm afraid as I didn't pursue it any more for Dax or Gold. It works fine for FX pairs and I still use it occasionally on breaks of key levels / channels. My key learnings are:

- You've got to be 100% committed - if you let this EA recover for you then it will.... eventually. - BUT it might be a scary ride that takes a lot longer and uses a bigger chunk of margin than you were expecting. If you get caught in the chop be prepared for 10+ cycles regularly and if you stop at any point your loss will eclipse your original trade by many times.
- Recovery is less scary if you just go for breakeven or a tiny profit to be sure. Asking it to recover your loss AND make a profit doing so is asking too much. - you'll get scary lot sizes quickly.
- It's only a tool - not a system. Don't think you can place a random trade and eventually recover to a profit. You might on some occasions but it's like grid trading - eventually there's going to be the one that's just too big for your account. You are better off adding this to another system where you have a known chance of winning and then this tool just adds to that by recovering some of your losses.
- I don't use the auto TP and SL - I always put my own in.

Can't help with the dax but hope its of some use.

Bruster.

libbo2003 » Sat May 02, 2015 7:09 am wrote:Hi guys looking for some help, I want to run a demo using spiders ALR on the dax on Empty4. the chart is gonna be a 5min chart with the stop loss recovery 10 points and the TP 30 points is there any of the coding I need to change? I have changed the 50/150 on it so far. would be looking to use it as a soft stop BE small Profit EA. Hoping that it cuts the loses down on my usual set up for trades I take.
Any help is well appreciated.

acostafulano » Sun May 24, 2015 7:58 pm wrote:I have a question about the default settings:

Target Profit Percent = 0.1 = 10% or.... 0.1%
Target Loss Percent = 7.5 .... 7.5%?

So... I don't know what to make of this numbers... 1% TP and 7.5% SL would make sense but then why would the defaults be 0.1 then?

Someone please explain

Dewey McG » Wed May 27, 2015 5:58 am wrote:

acostafulano » Sun May 24, 2015 7:58 pm wrote:I have a question about the default settings:

Target Profit Percent = 0.1 = 10% or.... 0.1%
Target Loss Percent = 7.5 .... 7.5%?

So... I don't know what to make of this numbers... 1% TP and 7.5% SL would make sense but then why would the defaults be 0.1 then?

Someone please explain

Target Profit percent .1 = .1% This is the percentage profit we shoot for if ALR is triggered. The idea is to breakeven on these trades instead of a loss. .1% gives us a tad extra

Target Loss Percent 7.5 = 7.5% This is the max loss before ALR stops and takes the loss. The default is a bit low actually