Forex EA Robot Trading Blog

Q
(1) Are you able to hide the stop loss settings so that the broker will not be able to see the settings?

No that is not possible to hide the actual stoploss used, though the
EA parameters will not be visible to the broker, as its running client-side. I
dont really understand why this would be an issue, unless you suspected your
broker of being a stop-loss hunter. It would be possible to implement a
stoploss without using the normal stoploss mechanism, which would hide it from
the broker.

(2) Can the EA work on mini accounts?

Yes it will, providing you can also trade micro lots, or small enough lots.
For instance, on a 2k mini the auto lot sizing will trade mini lots around 0.01
- 0.02 in size.

Labels: CarryGridding, FAQ, mini account, Stoploss

Q. Do you know what type of results you are getting from V4 versus V5? I
left my V4 running on GBPJPY and forgot about it. I set CloseOnProfit To
True only and now the demo account is up 11K and has made up 4K over the initial
losses. So at what point does it close the profitable trades again?

A. v4 is definitely going to win over v5 on a big run up, like the present. If you check the demo statement you will see the equity is steadily increasing, but when there is a pullback theres only a couple of open trades, as it generally takes a couple of hundred pips for the trend to change. It will close the profitable trades when the trend reverses - and this is shown by the line colour on the indicator
supplied.
This is also why we still include v4 in the download package. Actually if you use
v5 and set the trailing stop to false you will effectively have a version 4 EA
running.

So v5 presents a lower-risk version with associated lower profits. It will do better in ranging/falling markets, protect your equity better, but in a big bull market you will profit but not make the same killing as you would if you rode it all the way. So it can be tailored to your risk profile.

Labels: CarryGridding, Close positions, GBPJPY, v4, v5

Q. Will the new version of CarryGridding that can trade long and short be ready any time soon?

A. Its still in development, and its not going to be released until November as we have to forward test it for a reasonable period of time as well.

Labels: CarryGridding, EA, FAQ