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Suggestion FiboActiveBot - good tool with EA possibilities.

Andy4Rum said:
Yes, just sent you a version to try. Anyway, be careful and original idea was to use it as semi-auto tool (it allowed 2 trades on auto).
That was an idea - to allow it to trade under traders control, but be able to stay away from the computer for a while...

You can try any combination,
Thanks
Click to expand...
Hi Andy,

Related to this, I found that 2x only applies once. I explain myself: for example let’s sat that I start with lot 0.02 and it touches SL (ends in loses), next trade lot will be 0.04 what it’s working fine, but if this second trade also touches SL I would expect 0.08 for next trade and so on until a trade in profit is finished and after the cicle would start again with 0.02. But in reality it does 0.02, 0.04, 0.04... and always 0.04 until it restarts when a trade with profit is done.

I think that the behaviour for the base version makes sense because it is only supposed to use with only 2 trades in a row but with your custom version I don’t think it should work like that... what do you think?

Thanks again for you great work!
 
Poiah said:
Hi Andy,

Related to this, I found that 2x only applies once. I explain myself: for example let’s sat that I start with lot 0.02 and it touches SL (ends in loses), next trade lot will be 0.04 what it’s working fine, but if this second trade also touches SL I would expect 0.08 for next trade and so on until a trade in profit is finished and after the cicle would start again with 0.02. But in reality it does 0.02, 0.04, 0.04... and always 0.04 until it restarts when a trade with profit is done.

I think that the behaviour for the base version makes sense because it is only supposed to use with only 2 trades in a row but with your custom version I don’t think it should work like that... what do you think?

Thanks again for you great work!
Click to expand...

I have asked about this before, yeah basically this EA is not a martingale system so it won't keep multiply the lot

Lotx2 is just a way of compensation...thats all

But i think it should be nice if can add one more parameters like "continue to multiply : true/false"

So we can choose whether to keep on multiply or just do 1 time lotx2

Just my thought...

Basically if you guys found the best pair and settings pls kindly share here so it will save some time for other members to test it

Thanks
 
Poiah said:
Hi Andy,

Related to this, I found that 2x only applies once. I explain myself: for example let’s sat that I start with lot 0.02 and it touches SL (ends in loses), next trade lot will be 0.04 what it’s working fine, but if this second trade also touches SL I would expect 0.08 for next trade and so on until a trade in profit is finished and after the cicle would start again with 0.02. But in reality it does 0.02, 0.04, 0.04... and always 0.04 until it restarts when a trade with profit is done.

I think that the behaviour for the base version makes sense because it is only supposed to use with only 2 trades in a row but with your custom version I don’t think it should work like that... what do you think?

Thanks again for you great work!
Click to expand...

This is to reduce risk.
If using your option as suggested, then you will need another setting "maxLotSize". Otherwise users who start with 0.2 will have 1.6 lot after 3 consecutive losses. (0.2, 0.4, 0.8, 1.6). So if set maxLotSize to 1.0, this means it will go from 0.2, 0.4, 0.8, 1.0,1.0,1.0.... etc to protect your account without keep increasing the lot size.
 
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loverhh said:
This is my review for this thread:
nice work.. and good support! andy continue so!
Click to expand...

Thanks a lot for feedback, it means a lot to me.

Thank you for all comments about lot multiplayer. I like the idea... and even add the Martingale - why not, my purpose it
to make it work for many traders... and everyone chose right options for themself. Looks like time for V.3 :)

I'm a bit busy these days, but I will reply to comments soon today... but in brief - I'm agree with all things above! Thank
you!
 
Poiah said:
Hi Andy,

Related to this, I found that 2x only applies once. I explain myself: for example let’s sat that I start with lot 0.02 and it touches SL (ends in loses), next trade lot will be 0.04 what it’s working fine, but if this second trade also touches SL I would expect 0.08 for next trade and so on until a trade in profit is finished and after the cicle would start again with 0.02. But in reality it does 0.02, 0.04, 0.04... and always 0.04 until it restarts when a trade with profit is done.

I think that the behaviour for the base version makes sense because it is only supposed to use with only 2 trades in a row but with your custom version I don’t think it should work like that... what do you think?

Thanks again for you great work!
Click to expand...


I'm not a big fan of martingale, but I would try too. It seems to me that a well-thought-out option like the one described is completely safe and even useful! Thank you for your work.
 
Andy4Rum said:
Thanks a lot for feedback, it means a lot to me.

Thank you for all comments about lot multiplayer. I like the idea... and even add the Martingale - why not, my purpose it
to make it work for many traders... and everyone chose right options for themself. Looks like time for V.3 :)

I'm a bit busy these days, but I will reply to comments soon today... but in brief - I'm agree with all things above! Thank
you!
Click to expand...

Hello brother, just some suggestion if u plan to add martingale

Pls also add one more parameters "maximum number of martingale"

So we still can think and decide how many times it will do martingale

Example if set "3" , it will only do martingale 3 times

0.01 lot
0.02 lot
0.04 lot

Then it will stay at 0.04 lot

Just my thought

Thanks
 
Reo Wijaya said:
Hello brother, just some suggestion if u plan to add martingale

Pls also add one more parameters "maximum number of martingale"

So we still can think and decide how many times it will do martingale

Example if set "3" , it will only do martingale 3 times

0.01 lot
0.02 lot
0.04 lot

Then it will stay at 0.04 lot

Just my thought

Thanks
Click to expand...

Hi,

sorry for delay with reply... I'm trying tp sum up all things for V.3 to make. I will post the list today and hopefully we will add/channge something if I missed
 
Reo Wijaya said:
Hello brother, just some suggestion if u plan to add martingale

Pls also add one more parameters "maximum number of martingale"

So we still can think and decide how many times it will do martingale

Example if set "3" , it will only do martingale 3 times

0.01 lot
0.02 lot
0.04 lot

Then it will stay at 0.04 lot

Just my thought

Thanks
Click to expand...

This is not a good idea as it will slow down the EA.
Before EA open a new order, it need to decide what the lot size is for the new order.
This means it needs to read through the history of closed orders.
If you have been running the EA for a few months with 10 pairs, there will be lots of history. Using your suggestion,the EA needs to read the history, possibly the entire history, that it has not reach the maximum yet.
e.g. if you set 3, and there is only 2 orders so far, EA has to read the entire history to find out that it has not reach the maximum.

What I suggest using max lost size means that the EA needs to look at the history and stop as soon as it look at the last order for that pair, if it is a win continue with normal lot size. If lose, multiply and check that it did not exceed the maxLotsize.
 
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