Free Karaoke Software: RE: [MT_E and I] Account Sentry

Please disregard the bogus Yahoo attachments.

Ted,

Scenario 2 is the basic idea. If you want to use the loss mitigation, make sure the equity protection is less than the loss mitigation. They both basically do the same thing. Either way, you get halted if there is a breach. To start again, just drag the AccountSentry back on to its chart, adjust the inputs, and click OK, and your off and running again. Ross asked me to code this, and there was another in the group that thought it had merit, so I coded it. Again it is experimental and should be tested fully on a demo before using it on a funded account.

Best regards,

David

From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of Ted
Sent: Saturday, March 14, 2009 7:06 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: Re: [MT_E and I] Account Sentry

Hi David,

I'm all for improvements and advancements

I'm still trying to wrap my brain around how the two values differ.

Let me see if I have this right.

$10,000 account level

equity protection 50%

Profit target $100.00

loss mitigation 0 (If I don't want to use it ?)

Scenario 2

$10,000 account level

Equity Protection 10%

Profit Target $100.00

Loss Mitigation -$300

So, the mitigation value needs to be smaller than the equity protection value, Correct ?

Does AS then halt all orders if we hit mitigation or does it continue to trade until it hits Equity protection stop?

Thank you for your efforts... it is appreciated.

Ted

----- Original Message -----

From: defulton

To: MetaTrader_Experts_and_Indicators@yahoogroups.com

Sent: Saturday, March 14, 2009 12:01 PM

Subject: RE: [MT_E and I] Account Sentry

Please disregard the bogus Yahoo attachments.

Loss mitigation, is the value you are willing to lose on your goal to the take profit target. Remember the equity protection level in percent is still on, so if you want to use this feature, make the equity protection percent very low. Like 10%. I was just playing with some ideas, use it at your own risk, and use it on a demo account first. I am open to any suggested changes, but it is experimental at the moment. I made these changes for Ross so he could play a little.

David

From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of Ted
Sent: Saturday, March 14, 2009 11:31 AM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: Re: [MT_E and I] Account Sentry

Hi David,

Thank you for the update on this, One question the default -300 Loss mitigation setting, what exactly does this do.

----- Original Message -----

From: defulton

To: MetaTrader_Experts_and_Indicators@yahoogroups.com

Sent: Friday, March 13, 2009 8:41 PM

Subject: RE: [MT_E and I] Account Sentry

Please disregard the bogus Yahoo attachments.

Hi Ross,

Here it is, give it a try. Sorry for the late response but I am up to my eyeballs in work.

David

From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of rosstodd01@earthlink.net
Sent: Thursday, March 05, 2009 10:49 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: RE: [MT_E and I] Account Sentry

Yes David - that is exactly correct. It might be simpler to let the user input a set amount - say I have a 1000 account and want to quit after I make $100 or even $10 - I think I sometimes I get caught swinging for the fences when it might be better to settle for base hits! Another thing I wondered about - was say I have a 1000 account, but I only want the EA to trade as if the account was $500 - this would probably need to be programmed into the EA itself and I am not sure if there would be any benefit to this - but it might be an additional margin protection - what do you think? Maybe I am getting old but it seems that account preservation is key these days!

Thanks again for everything you do here...

Ross

-----Original Message-----
From: defulton
Sent: Mar 4, 2009 9:53 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: RE: [MT_E and I] Account Sentry

Please disregard the bogus Yahoo attachments.

Hi Ross,

Yes that is possible. Let me see if I understand you correctly. You want the EA to monitor your equity, and when it reaches some +value say $100, you want to halt all trading EA’s and close all the open orders? I can change the program to do that, if I am understanding you correctly.

Regards,

David

From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of rosstodd01@earthlink.net
Sent: Thursday, March 05, 2009 4:35 AM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: [MT_E and I] Account Sentry

David,
Would it be possible to have the Account Sentry turn the trading EA off when a certain profit is reached?
For example, the EA turns on at the time you specify and when it reaches a profit target it turns off instead of turning off at the time specified time inside the EA?
Not sure if this would help - but it might be worth trying...
Thanks for all do do here...
Ross

-----Original Message-----
From: defulton
Sent: Mar 3, 2009 1:04 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: RE: [MT_E and I] Re: New Stoch Cascade Scalper_Spike3a RESULTS!!!

Please disregard the bogus Yahoo attachments.

Sandy,

Yes, that is a good workaround, I have used the EA this way in the past. Just remember there is no 24th hour, the times are 0 to 23 equals 00:00:00 to 23:59:59. So, you can trade the Asian 22 to 23 (22:00 to 23:59:59) than trade the Euro 0 to 6 (00:00:00 to 6:59:59). Again these times are adjusted to your server time offset to GMT. IBFX servers are on GMT so there is no offset. Other brokers have 1, 2 hours +/- or more. Actually in my times, I include the first 2 hours of the Aussie session and all of the Asian session minus the last hour that overlaps with the first hour of the London session.

6

7

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9

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13

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24

1

2

3

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London

New York

Sydney

Tokyo

Top of Form

Bottom of Form

Best regards,

David

From: MetaTrader_Experts_and_Indicators@yahoogroups.com [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On Behalf Of nubchai
Sent: Tuesday, March 03, 2009 2:37 PM
To: MetaTrader_Experts_and_Indicators@yahoogroups.com
Subject: [MT_E and I] Re: New Stoch Cascade Scalper_Spike3a RESULTS!!!

Hi Dave.

I hate to make more work for you. I have a work around that seems
to work. I have the Asian session turned off. I looked at the code
and it does I check I didn't understand based on the hours entered
for the Asian session. Then I set the European session for 13 to
23. And the US session for 7 to 12 (or whatever hours I decide to
trade). If I wanted to trade the Asian session then I'd just put 0
in the start hour for the US session. It seems to work.

Thanks,
Sandy

--- In MetaTrader_Experts_and_Indicators@yahoogroups.com, "defulton"
<david@...> wrote:
>
> Please disregard the bogus attachments.
>
> Sandy,
>
> The problem with all the Stoch Power EA's versions 5h and back,
that contain
> the time filter is that if you want to trade for example 22:00:00
hours GMT
> to for example 05:59:59 GMT there is a bug in the code. With the
bug it
> will stop trading at 00:00:00 GMT. I have since fixed the bug. I
offered
> to fix this bug in Spikes EA, on a previous post. But I have not
follow
> Spikes updates, and I think there are 3 EA versions floating around
out
> there. I would be happy to fix the bug if you send me the EA that
you want
> debugged for the time filter, and I will publish the debugged
source here on
> MT_E and I.
>
> If you are using the time filter, and not trading through 00:00:00
server
> time, it works fine.
>
> Best regards,
>
> David
>
>
>
>
>
> From: MetaTrader_Experts_and_Indicators@yahoogroups.com
> [mailto:MetaTrader_Experts_and_Indicators@yahoogroups.com] On
Behalf Of
> Sandy Bose
> Sent: Tuesday, March 03, 2009 11:13 AM
> To: MetaTrader_Experts_and_Indicators@yahoogroups.com
> Subject: [MT_E and I] Re: New Stoch Cascade Scalper_Spike3a
RESULTS!!!
>
>
>
> Dave you mentioned you had a version of Spike Scalper where the
trading
> times worked correctly. Is that posted somewhere? I've found that
the
> Asian time settings don't work as I expected when you cross 0. I
can't
> receive attachments through this list. So could you or someone who
has
> the new version please post it on a shared site or email it to me
at
> sbose@... <mailto:sbose%40ais.net> .
>
> Much thanks,
> Sandy
>
>
>
>
>
> _____
>
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<http://www.spamfighter.com/len>
> .
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