Trend Trading EA with Automated Loss Recovery

Post by **SpiderX** » Mon Aug 11, 2014 8:08 am

Attached is updated ALR Calculator 2.3.

The new columns show the lot size and the losses if stop stack for ALR 2.0 compared to original ALR.
Lot sizes are smaller and losses if stopping at the same number of legs are also smaller.
Thanks to Dewey for running through this and updating it.

Cheers

kotsh · Post by **kotsh** » Mon Aug 11, 2014 9:10 am

Hi Spider,

thanks for the great effort you put into this and sharing with us!

I have a few questions about the robustness of the EA:
1- what is supposed to happen if the terminal crashes, and EA has to be re-attached?
2- What is the effect of changing the ALR settings such as TP Pips after ALR already kicked in?
3- What if a trade was closed by mistake? (Not a big fan on 1 click trading, but just asking)
4- if the EA started working and I have to re-attach it to a terminal on another PC? will it know which trades it has already opened/closed?

Cheers!

Post by **Dewey McG** » Mon Aug 11, 2014 10:43 am

Great job Spider. I made a new ALR Calculator which uses the new numbers throughout so everyone can see what the risks are for different account sizes, number of turns, etc.
Ignore the parts colored in pink after the first tab--still have to update that part but theya re not important.

Post by **SpiderX** » Mon Aug 11, 2014 11:01 am

kotsh » Mon Aug 11, 2014 5:10 pm wrote:Hi Spider,

thanks for the great effort you put into this and sharing with us!

I have a few questions about the robustness of the EA:
1- what is supposed to happen if the terminal crashes, and EA has to be re-attached?
2- What is the effect of changing the ALR settings such as TP Pips after ALR already kicked in?
3- What if a trade was closed by mistake? (Not a big fan on 1 click trading, but just asking)
4- if the EA started working and I have to re-attach it to a terminal on another PC? will it know which trades it has already opened/closed?

Cheers!

Hi kotsh

1. is already taken care of and ea will be able to get back on track from where it is left off with each restart.
2. is a big no no. Recommend that you close out the pendings and alr trades if you wish to do that.
3. most likely will mess things up.
4. willl be similar to 1.
We use incremental magic numbers to keep track of stuff so ea knows who is who as long as the magic numbers are set right.

Cheers

Post by **SpiderX** » Mon Aug 11, 2014 3:01 pm

Hi,

I missed out a line of code. Please use v2.01.

v2.01
-Patched in a missing line in the error catching code

EDIT

v2.02
-Added in missing code to close out all pending when EA closes the initial trade.

Cheers

Post by **SpiderX** » Mon Aug 11, 2014 4:32 pm

Hi,

ALR2.0 trade manager is in post 2 with some explanations.
It is a pretty rush job and close to bed time here, so...

Cheers

Fibotrend · Post by **Fibotrend** » Tue Aug 12, 2014 1:16 am

SpiderX » Mon Aug 11, 2014 4:32 pm wrote:Hi,

ALR2.0 trade manager is in post 2 with some explanations.
It is a pretty rush job and close to bed time here, so...

Cheers

Thank you again mate for sharing this.

Basically this is the non-hedging mode of ALR. If I remember correctly it was already discussed in the ALR thread as a work around for US accounts. I thought the central tenet of ALR was trading with no SL. Also the risk of slippage may increase by closing/opening positions at the same price level.

Is there anyway we can change the EA to a lower TF as 4H takes ages before opening a trade in realtime.

Cheers

Post by **SpiderX** » Tue Aug 12, 2014 5:16 am

Fibotrend » Tue Aug 12, 2014 9:16 am wrote:
Thank you again mate for sharing this.

Basically this is the non-hedging mode of ALR. If I remember correctly it was already discussed in the ALR thread as a work around for US accounts. I thought the central tenet of ALR was trading with no SL. Also the risk of slippage may increase by closing/opening positions at the same price level.

Is there anyway we can change the EA to a lower TF as 4H takes ages before opening a trade in realtime.

Cheers

Hi,

Yes...we figured this could be the non-hedging mode of ALR, but somehow we didnt go deep into it.
The math makes more sense than the original concept.
Yes. You can set trading tf, and all the tf information to a lower tf.

Cheers

Post by **Radar** » Tue Aug 12, 2014 10:10 am

Hey SpiderX,

SpiderX » Tue Jul 08, 2014 2:05 pm wrote:ALR2.0 Trade Manager

This was a request from Dewey.
ALR2.0 Trade Manager will automatically manage any trade for the symbol with the same Magic number as the setting in the EA.
It will create a pending once there is a trade with the same Magic number, and this would be deleted if the trade was not stopped out.
Additional variable: ALR_AutoTPandSL
If set true, this ignores ALR_TargetPips and ALR_Zone, the target pips and zone pips are set according to the TP and SL of the initial trade.
If this is set false, the trade manager will automatically adjust the initial trade tp and sl to ALR_TargetPips_SameDir and ALR_ZonePips .

Cheers

I've just got 2 things to say about this EA...

1. Beautiful!

2. It needs its own thread, 'cos I've got lots of Q's

Have fun!

Radar =8^)

Post by **Dewey McG** » Tue Aug 12, 2014 12:50 pm

Radar » Tue Aug 12, 2014 6:10 am wrote:Hey SpiderX,

I've just got 2 things to say about this EA...

1. Beautiful!

2. It needs its own thread, 'cos I've got lots of Q's

Have fun!

Radar =8^)

I agree--we need to move this to its own thread