EA_PSar_002B_v1

19.08.2012 17:32 basisforex

Please, I will like to include a money management technique to my EA. The idea is to let only a fraction of your total margin be in use at any instant. For example, you can use only 50% of account; with 50% margin usage the EA risk only 50% of account in worst scenario. Any help as to how to generate this code and include it in my EA at http://www.mql4.com/users/brayt? You can find details of where this idea is applied at http://www.fxpromaker.com/advanced50.html. ANY HELP PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

06.10.2010 15:47 brayt

Good work!

24.09.2010 17:45 basisforex

Thank you.

24.09.2010 17:44 basisforex

1. Don't hard code numbers

   // a = NormalizeDouble((PercentMM * AccountFreeMargin() / 100000), 1); // Valid IFF minlot and lotstep == 0.1
   //      if(a > 49.9) return(49.9);
   //      else if(a < 0.1)
   a = (PercentMM * AccountFreeMargin() / 100000),
   double LotStep = MarketInfo(Symbol(), MODE_LOTSTEP),   //IBFX= 0.01
          maxLot  = MarketInfo(Symbol(), MODE_MAXLOT ),   //IBFX=50.00
          minLot  = MarketInfo(Symbol(), MODE_MINLOT );   //IBFX= 0.01
                                                          //Was IBFX= 0.10
   a =  MathFloor(a/LotStep)*LotStep;
          if (a > maxLot) return(maxLot);
          if (a < minLot)
   ...

   ---

2. The EA should adjust SL/TP/ and slippage for 5 digit brokers

   //++++ These are adjusted for 5 digit brokers.
   double  pips2points,    // slippage  3 pips    3=points    30=points
           pips2dbl;       // Stoploss 15 pips    0.0015      0.00150
   int     Digits.pips;    // DoubleToStr(dbl/pips2dbl, Digits.pips)
   int init(){
       if (Digits == 5 || Digits == 3){    // Adjust for five (5) digit brokers.
                   pips2dbl    = Point*10; pips2points = 10;   Digits.pips = 1;
       } else {    pips2dbl    = Point;    pips2points =  1;   Digits.pips = 0; }
       // OrderSend(... Slippage.Pips * pips2points, Bid - StopLossPips * pips2dbl

24.09.2010 17:14 WHRoeder

Hi Max, this looks great, could you post your EA here perhaps?

Thanks,

Andre

24.09.2010 13:07 Powerpack2008

Nice work basis...

I built myself one on Nik_PSAR_2b as well using pending orders on EURUSD H1. I dubbed it "Craptacular" - my code is crappy but it had surprising results...

I really like the concept of that indicator...

Great work on your interpretation.

Max.