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    WelshMikey

    @WelshMikey

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    Latest posts made by WelshMikey

    • RE: How to use break even block?

      Thank you for your help everyone, that has helped me massively. After incorporating Uchias blocks into my program I back tested the following:

      GBP/USD 1 year historic tick level data
      EUR/USD 1 year historic tick level data
      JPY/USD 1 year historic tick level data

      GBP/USD 9 years historic tick level data

      My WORST results were 75% wins, ending in 94% profit after 9 years. The others made ~28% in a year with 90-100% profitable trades each except for the JPY/USD which made no trades. The results are without leverage because i don't know how to incorporate that to my back tests.

      I did however at one point have 15 consecutive losses amounting to a loss of £486, on a ten times leverage account that is dangerously close to my planned deposit of £5000. As such I want to iron this out and set multiple stop loss modifications to let my profits run for longer.

      How can I connect up multiple stop loss modifications? E.G.

      e.g.

      move the SL to 2 pips once my trade reaches 10 pip profit
      move the SL to 50 pips once I reach 55 pips profit
      and move the SL to 90 pips once I reach 100 pips profit
      etc

      Using Uchidas blocks i have been unable to make any but the first set of blocks work successfully

      I really appreciate the help guys =). I hope to have this EA running on a 10x leverage account within 10 months =). My plan is 4 months of back testing and optimisation for different currency pairs, then 6 months forward testing, and if successful then real money.

      posted in Questions & Answers
      W
      WelshMikey
    • RE: How to use break even block?

      __The ** block is not used to lock profit, it is used to set minimum profit/loss in a trade to 0 (even).

      To do what you wish you can use the [FOR EACH TRADE] blocks, like this: https://fxdreema.com/shared/Rn95fUYbe[/quote:22kerz1k]

      Thank you, I will try that now I have been struggling all day with it

      posted in Questions & Answers
      W
      WelshMikey
    • RE: How to use break even block?

      I only started creating EA's this week but can clearly see the huge benefit (for my models at least) of the break even command. Problem is I am not sure how to connect it properly in the flow diagram, I want to program (visually,i have no programming skill):

      A SL of 50 pips
      A TP of 100 pips
      And a Break even of 50 pips

      That is to say once it breaks 50 pips of profit I don't want it to fall back below 50 pips but can continue to reach 100 pips if the market conditions are in such a way favorable.

      Your help will be greatly appreciated and my models should finally start making a profit consistently (still in back-testing phase at the moment)

      posted in Questions & Answers
      W
      WelshMikey