Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

pipinvestment

DisciplineTrader

Recommended Posts

Here is a simple risk management Expert Advisor that I finished a while back as I needed a way to automatically engage my trading plan without human hesitation.. :crap:

 

If you can not improve your discipline while your hard earned money is at risk, than you should be using DisciplineTrader.

 

EA attached below.

Version 1.1 includes a Stoploss function that will automatically set a Fixed Stop Loss on all orders (only if open order does not include a stoploss: This function will not override a stoploss value that you decided earlier). This is a handy feature for ECN brokers that do not allow a market order to be executed with Take Profit and Stop Loss in the OrderSend parameters. This eliminates the extra step of adding a Stoploss to our orders and ensures that all trades have a Fixed Stoploss. We are currently using a 50 Pip stop loss on our managed accounts.

 

Feature Added

Fixed Stoploss for all open orders

Commonly Asked Questions

Attach EA on any chart or timeframe

Only 1 EA is needed per account

Basket Values are in $$$ and not Pips

EngageStopOut must be True to engage closing conditions based on Discipline Trader’s setting

Monitors All open positions from different magic numbers and currency pairs

If your trades are closed at your x % loss or through Basketprofit/loss, the EA will continue to work

EX4 file must go within the metatrader4/experts/ folder

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.