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FxPapa Expert Advisor (Od FxPapa)

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FxPapa Expert Advisor Diskusia

Nov 26, 2011 at 18:49
36,900 Zobrazení
613 Replies
Členom od Sep 23, 2011   78 príspevkov
May 11, 2012 at 10:09
fxboston,

The way your account is, you are risking 30%, not 15%. See if you have version 3 or this new one Fx Papa mentioned (which I still don't have, by the way). If you have, there is something weird in your broker or in the EA that needs to be double-checked.

 

Členom od Nov 26, 2011   136 príspevkov
May 11, 2012 at 10:55

   therebox posted:
   fxboston,

The way your account is, you are risking 30%, not 15%. See if you have version 3 or this new one Fx Papa mentioned (which I still don't have, by the way). If you have, there is something weird in your broker or in the EA that needs to be double-checked.

 



Hi

You already have it. 3 and 3.1 are the same.

Regards
Členom od Sep 21, 2011   38 príspevkov
May 12, 2012 at 14:32
I'm not sure, I have 3, set on 15 but its double the lots..

I have had it on this 2 months.

Obviously if you recommend thsi is wrong i will change it immediately.

Either way a good April

But I want sustainable

Cheers
Brains always tell it how it is, while balls get it done.
Členom od Sep 23, 2011   78 príspevkov
May 12, 2012 at 18:08
lxboston,

Then if you really want 15, you should set 7.5 as a risk (and you would have really 15%) and maybe the EA developers could take a closer look at this situation to try to find out why this is happening with your broker.
Členom od Nov 26, 2011   136 príspevkov
May 12, 2012 at 19:24

   lxboston posted:
   I'm not sure, I have 3, set on 15 but its double the lots..

I have had it on this 2 months.

Obviously if you recommend thsi is wrong i will change it immediately.

Either way a good April

But I want sustainable

Cheers

Hi

It seems you are using older version of FxPapa.

I'm not sure why you haven't received the update.

Please uninstall the last version.

Download the latest version from Member Area and install it.

Feel free to contact our support any time you may need.

Regards
Členom od Feb 04, 2011   32 príspevkov
May 15, 2012 at 00:57
Hi FxPapa,

I have noticed that when your EA places a EURUSD order, an arrow at the opening price/time will appear on the EURUSD chart. When the order is closed, another arrow appears at the closing price/time. I think this graphical representation of a EURUSD order progress is great!

However, when your EA places a GBPUSD order, nothing appears on the corresponding chart. I realize that the EA is not attached to the GBPUSD chart, but can't you get the EA to create the order open/close arrows on it (assuming it's open)?
Členom od Aug 20, 2011   18 príspevkov
May 15, 2012 at 12:08
You told ur order sl is 60pips.

Please check today's order, i found loss more than 63pips, but u have never close the order.

05.15.2012 07:53 GBPUSD Buy 0.12 1.60966 -6.73 -56.10 -0.85%




all your order never SL ? or > 60pips?

please reply.

thank you.
fatboy11
forex_trader_74841
Členom od Apr 25, 2012   4 príspevkov
May 15, 2012 at 12:09
Hi FxPapa,

Why is the current GBPUSD trade at 0.12 lots when previous trades were at 0.6 lots ?
Členom od Nov 26, 2011   136 príspevkov
May 15, 2012 at 12:24 (upravené May 15, 2012 at 12:24)

   xiaoyapk posted:
   You told ur order sl is 60pips.

Please check today's order, i found loss more than 63pips, but u have never close the order.

05.15.2012 07:53 GBPUSD Buy 0.12 1.60966 -6.73 -56.10 -0.85%




all your order never SL ? or > 60pips?

please reply.

thank you.

Hi

I think you have miss understood what I said. Please read the last post and you will find out how FxPapa manage it trades.

FxPapa uses equity stop loss. Default value is 10 which means the EA would close all open positions if total loss be more than 10% of the account balance.

FxPapa may open up to 3 positions.

When FxPapa opens the first position, if it goes to loss for about 60 pips it will open another position with same size and it will close both trades at the same time if total profit be about 8 to 10 pips.

If it still goes to another 60 pips loss, FxPapa would open another position with same lot size and would close all 3 positions at the same time if total profit be more than zero.

If they still goes to loss FxPapa would close all 3 positions when total loss be more than 10% of the account balance.

The TP and SL levels are coded on the EA.

Regards
Členom od Nov 26, 2011   136 príspevkov
May 15, 2012 at 12:25

   fatboy11 posted:
   Hi FxPapa,

Why is the current GBPUSD trade at 0.12 lots when previous trades were at 0.6 lots ?

Hi

Thanks for your attention.

We will back to 15% risk after this trade.

We updated the platforms and the EA started with that risk.


Regards
Členom od Nov 26, 2011   136 príspevkov
May 15, 2012 at 12:28

   ragency posted:
   Hi FxPapa,

I have noticed that when your EA places a EURUSD order, an arrow at the opening price/time will appear on the EURUSD chart. When the order is closed, another arrow appears at the closing price/time. I think this graphical representation of a EURUSD order progress is great!

However, when your EA places a GBPUSD order, nothing appears on the corresponding chart. I realize that the EA is not attached to the GBPUSD chart, but can't you get the EA to create the order open/close arrows on it (assuming it's open)?

Hi

Thanks for your suggestion. We are working on the new version. We try to do this.


Regards
Členom od Feb 29, 2012   26 príspevkov
May 15, 2012 at 12:33

   FxPapa posted:
   

   xiaoyapk posted:
   You told ur order sl is 60pips.

Please check today's order, i found loss more than 63pips, but u have never close the order.

05.15.2012 07:53 GBPUSD Buy 0.12 1.60966 -6.73 -56.10 -0.85%




all your order never SL ? or > 60pips?

please reply.

thank you.

Hi

I think you have miss understood what I said. Please read the last post and you will find out how FxPapa manage it trades.

FxPapa uses equity stop loss. Default value is 10 which means the EA would close all open positions if total loss be more than 10% of the account balance.

FxPapa may open up to 3 positions.

When FxPapa opens the first position, if it goes to loss for about 60 pips it will open another position with same size and it will close both trades at the same time if total profit be about 8 to 10 pips.

If it still goes to another 60 pips loss, FxPapa would open another position with same lot size and would close all 3 positions at the same time if total profit be more than zero.

If they still goes to loss FxPapa would close all 3 positions when total loss be more than 10% of the account balance.

The TP and SL levels are coded on the EA.

Regards

does this mean that at worst case scenario, we will have 3 losing trades, one -180, one -120 and one -60 pips?
Členom od Nov 26, 2011   136 príspevkov
May 15, 2012 at 12:42

does this mean that at worst case scenario, we will have 3 losing trades, one -180, one -120 and one -60 pips?

No, it would be about 200 pips totally.
Členom od Feb 29, 2012   26 príspevkov
May 15, 2012 at 13:17

   FxPapa posted:
   

does this mean that at worst case scenario, we will have 3 losing trades, one -180, one -120 and one -60 pips?

No, it would be about 200 pips totally.

i see now 2 trades one of them is -75 pips, if the stop loss is -60 (so that it totals approximatly -200 pips if the 3 trades lose) then how come we are having a -75 pips trade?
Členom od Nov 26, 2011   136 príspevkov
May 15, 2012 at 13:24

   CBuilder posted:
   

   FxPapa posted:
   

does this mean that at worst case scenario, we will have 3 losing trades, one -180, one -120 and one -60 pips?

No, it would be about 200 pips totally.

i see now 2 trades one of them is -75 pips, if the stop loss is -60 (so that it totals approximatly -200 pips if the 3 trades lose) then how come we are having a -75 pips trade?

Please read my last posts. The SL is not 60 pips. I've explained the order management rules completely.
Členom od Feb 29, 2012   26 príspevkov
May 15, 2012 at 13:27
nevermind, the only thing i care about is that maxmimum floating loss will never exceed 200 pips, i.e. worst case scenario will have realized -200 pips of loss, is that correct?
Členom od Nov 26, 2011   136 príspevkov
May 15, 2012 at 13:32

   CBuilder posted:
   nevermind, the only thing i care about is that maxmimum floating loss will never exceed 200 pips, i.e. worst case scenario will have realized -200 pips of loss, is that correct?

Yes.
Členom od Nov 29, 2011   67 príspevkov
May 15, 2012 at 15:11
is it the end of fxpapa tonight?
Členom od Jan 18, 2012   81 príspevkov
May 15, 2012 at 15:53
for only 10 pip profit fxpapa trades always opposite the trend.
its really ridiculous.
it should trade always with trend.
but fxpapa doesnt think like this.

Členom od Nov 23, 2010   101 príspevkov
May 15, 2012 at 16:48
I believe it went long because the previous short candle failed to close below the HA and the current candle long closed above it. This made sense to go long
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