Posts made by MelloMatt

For example, when using the No Position block with the default settings on my EA, let's say we're running it on AUDCAD. Will the EA still take new AUDCAD positions if I have a separate EA running on the account with open USDJPY positions? Or do I need to change the settings in the No Position block. The goal is to allow for one AUDCAD and one USDJPY position at the same time from two EAs on the same account, but with only 1 trade for each pair open.

Is there a good way to check for the number of candles between now and last entry position?

For example I would like to only open a new trade if the candle ID 1 is at least 15 candles away from the last entry position.

Sorry for the late reply, but this works perfectly thank you so much!

I have a martingale EA that calculates the stop loss based on previous low or high so each stop loss pip amount is different. Is there a way to calculate the next lot size increase (martingale) based on the current drawdown or last trade loss amount compared to balance?

I've been trying to figure it out with no luck.

This is amazing on the 4H timeframe. Thank you so much for sharing.

Hello, I'm trying to check the distance between the Support and Resistance objects in my project, convert that to pips, and then divide the distance in pips by 2 to use as take profit and stop loss. I've looked at a ton of threads in this forum trying to figure out how to do this correctly, but wasn't able to get it working. I'm only able to get it working by dividing the price by 0.0001 (EURGBP).

Here is my project: https://fxdreema.com/shared/25OiIW1ve

Is there anyway to adjust this so that I can use it on multiple pairs? Currently doing the price to pip conversion in the "Convert to Pips" formula.

Thank you for the response. Yes the lot size would still be using 1.2 lots and wouldn't be lowered ever once it is raised.

Thank you for the responses. I'm looking to double the lot size only when the account balance doubles in size and not auto scaling per $ amount.

Example:
$1k account size = 0.3 lots
$1500 account size = 0.3 lots
$2k account size = 0.6 lots
$3k account size = 0.6 lots
$4k account size = 1.2 lots
$6k account size = 1.2 lots
$8k account size = 2.4 lots
Etc

With the system I would not decrease the lot size ever. I've been trying to figure out how to implement this, but stuck on this currently.

Hello, I'm trying to auto increase the lot size or 1.5x the lot size every time the account balance doubles. Does anyone know of a way to do this? Using standard TP and SL for risk management.