BlueMonkey Real Money Live Test == Started Oct 2014 Diskusia

FinalElement21 posted:

gorydan posted:
To save your accounts from the drawdown, please read the following. You can apply it manually. I posted it early december.

gorydan posted:
@bluemonkey

Here is the concept to limit the loss owed to the drawdown, it is " the stoploss by stage ".

The general explanation is in this sentence: " When the drawdown reaches the maximal level of loss that you settled, the EA will close the oldest position taken on the pair. "

Now here is the illustration of this idea:
In the configuration of your robot, when you attach it to a currency pair, you have to fix the threshold of release of the stoploss in percentage of your capital.
Until now, once this level reached, the robot enclosed all the positions taken on this pair.
Now I propose you " stoploss by stage " that would allow to enclose the oldest position taken on a given pair when the drawdown reaches the fixed threshold, and it until the trend returns in our direction.
Naturally it understands that the robot continues to open its new positions to continue its suite.

If the EA is attached to several currency pairs, it is the one which will reach the level of maximum fixed drawdown which will activate " the stoploss by stage " in the first one, and so on...

Advantages:
- You don't lose the total amount of the drawdown because it is splitted.
- In every older position removed, the take profit gets closer to the price.
- You can take bigger positions easily.
- The drawdown will not exceed the value fixed in percentage because it will be "scalped" in its peak.

Inconveniences:
- To be positioned contrary to a trend of more than pips 300 at least, without retracement, what is rare but possible. But " the stoploss by stage " will continue its work.

For the technical details and the coding of the " stoploss by stage " in MT4, there are several possibilities :
You can command your robot to close " lots " or " groups of lots " such as they were opened, because, as I noticed, when there is big movements, the EA opens a group of lots after a number of pips to catch up the delay.

If you have any questions, do not hesitate to ask me.

Then why has the master account currently at this time allowed the difference between DrawDown and Account balance to be above 30%. The difference is currently (341.71% to 194.55%)

gorydan posted:
Here is the detail in pictures

The order of pictures are not in good order.

Picture 1 is the second to read
Picture 2 is the first to read
Picture 3 is the fourth to read
Picture 4 is the third to read

fx5473br posted:
guys, I hope you all happy christmas and thanks for sharing your opinions and experience.

Alex thanks for the EA I hope we can make it better a and increase the quality.

Not sure what you guys believe, and I always respect all religions and beliefs, just let you know that for my beliefs Christmas is a very important celebration and I'm very happy to be able to celebrate it.

thanks all

bluemonkey posted:

fx5473br posted:
guys, I hope you all happy christmas and thanks for sharing your opinions and experience.

Alex thanks for the EA I hope we can make it better a and increase the quality.

Not sure what you guys believe, and I always respect all religions and beliefs, just let you know that for my beliefs Christmas is a very important celebration and I'm very happy to be able to celebrate it.

thanks all

Happy christmas to you all :-)

glinjawi posted:
Why did the vendor stopped updating his statement ?

bluemonkey posted:

glinjawi posted:
Why did the vendor stopped updating his statement ?

market is closed.

bluemonkey posted:

glinjawi posted:
Why did the vendor stopped updating his statement ?

market is closed.

jhnnavoigh posted:
yeah market is closed only for you. Update your account Alex we are not stupid.

bluemonkey posted:

glinjawi posted:
Why did the vendor stopped updating his statement ?

market is closed.

bluemonkey posted:

jhnnavoigh posted:
yeah market is closed only for you. Update your account Alex we are not stupid.

bluemonkey posted:

glinjawi posted:
Why did the vendor stopped updating his statement ?

market is closed.

budd, you gotto relax, i just updated manually. the account is being updated on a regular basis.