Discusión FxPapa Expert Advisor

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.

 

   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

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

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.

   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

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)?

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 FxPapa,

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

   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

   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

   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

   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?

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.

   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?

   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.

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?

   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.

is it the end of fxpapa tonight?

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.