Great work bro!, kudos
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| ALR 2.0 Trade Manager https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3792 |
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| Author: | SpiderX [ Thu Aug 14, 2014 3:34 pm ] |
| Post subject: | ALR 2.0 Trade Manager |
Hi all, By popular request, this is the new discussion for ALR2.0 Trade Manager 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 . v1.01 -Bug fixes to ALR logic -Additional variables carried over from ALR EA Code: Select all ALR_MaxPercentLoss to determine maximum amount of lost acceptable. Once 7.5% net losses are hit, the ALR progression stops. Cheers |
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| Author: | Eamonn [ Thu Aug 14, 2014 4:40 pm ] |
| Post subject: | ALR 2.0 Trade Manager |
Thanks very much Spider |
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| Author: | dudest [ Thu Aug 14, 2014 6:51 pm ] |
| Post subject: | ALR 2.0 Trade Manager |
Great work bro!, kudos :hi: |
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| Author: | Lagrange [ Thu Aug 14, 2014 6:53 pm ] |
| Post subject: | ALR 2.0 Trade Manager |
Spider thanks a lot, personally i am not in to any LWMA and MACD strategy and like to enter trades by hand according to (for example) CJ's idea's else on this forum. How can we apply this trademanager ALR II on trades entered manually? thanks a lot Lagrange |
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| Author: | KingOfCoolville [ Thu Aug 14, 2014 7:22 pm ] |
| Post subject: | ALR 2.0 Trade Manager |
Hi Spider, I thought the original concept behind ALR is that there was no losses taken and that half of the trades were always hedged? Doesn't this new version turn it into a Martingale? albeit one which only tries to recover losses rather than double the bet every time in order to win - but a martingale nonetheless? |
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| Author: | Lowphat [ Thu Aug 14, 2014 9:49 pm ] |
| Post subject: | ALR 2.0 Trade Manager |
manual trades may have a magic number of 0 so in theory you could just have an ea manage magic number 0; option 2: just get a simple buy or sell script with magic number and drag it to the chart to make a trade instantly
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| Author: | SpiderX [ Fri Aug 15, 2014 12:58 am ] |
| Post subject: | ALR 2.0 Trade Manager |
Hi I would be inclined to agree that this is somewhat a martingale...lets call a spade a spade...,but the original method is not really that much different. The rationale behind using this method is that lot sizes can be smaller and you will lose less overall if you cut off at the same number of legs compared to the original method. After analysing this method, we are at a conclusion that it does not make sense to run the original method when you can go at a lower risk using the non-hedging method. ALR2.0 vs ALR1.0 Advantages: 1. less strain on leverage since only 1 trade active at a time 2. suitable for US citizen since no hedging 3. no accumulation of swap for long term legs 4. lot sizes are smaller and you can reduce the tp:sl ratio Please see the spreadsheet which Dewey prepared on this. http://www.stevehopwoodforex.com/phpBB3 ... =90#p97510 Cheers |
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| Author: | Lagrange [ Fri Aug 15, 2014 8:48 am ] |
| Post subject: | ALR 2.0 Trade Manager |
great Spider, I opened the EA on a manual trade with magic number 0. it does the first job (tp and sl) but then its done; no oppostie trade if stopped out... thanks Lagrange |
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| Author: | PontusLSE [ Sat Aug 16, 2014 9:30 am ] |
| Post subject: | ALR 2.0 Trade Manager |
I had a quick look. As far as i can see there is something missing regarding the lotsizes of the ALR trades because the EA tries to send pending orders with 0 lotsize. I cannot find anything that defines the "lot" parameter in these two lines, 359 , SendTradeSuccess = SendSingleTrade(OP_SELLSTOP,TradeComment,lot,entryPrice,sl,tp); 382, SendTradeSuccess = SendSingleTrade(OP_BUYSTOP,TradeComment,lot,entryPrice,sl,tp); Am I missing something or is the code missing something?  |
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| Author: | SpiderX [ Sat Aug 16, 2014 9:51 am ] |
| Post subject: | ALR 2.0 Trade Manager |
Yes. There is a bug as mentioned in the TrendTradingEA with ALR. Currently doing some further improvements to the code on that end, the update here will come after. cheers |
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