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Originally Posted by pipdetector  Agree about the MD trade (I also lost on it). I wonder why it keeps not trading when the market is quite quiet (which seems good for scalping) and then throws a trade when there is a tidal wave of a new trend. Is this what they call "artificial intelligence" 
Thanks on the tip regarding the LMT signal dialog.
I researched a bit more on it and put it on my live account and it seems that the stoplosses are much tighter than I expected. With the brokers that use 4 digit precision numbers the daily SLs are 100-200 pips. The super large stop losses are shown on the brokers that use 5 digit precision numbers. So 2000 pips with the latter is "normal" 200 pips. |
Opps
,
I forgot about the 5 decimal thing with Alpari. Thanks for the reminder. That changes everything. First thing when the market opens tomorrow, I'll have to move my SL to break even.
A word of warning about their EA and a possible VPS/memory consumption. The author suggests 10 pairs. The LMT EA multiplied by 10 will consume lots of PC memory. I have been having problems with my VPS (it's the basic one at 512MB RAM) ever since I added some (I only added 4 out of the 10) of the LMT charts. I cannot have all LMT charts open at the same time. The EA is just used for entry anyway. Once the order is placed, it can be closed as long as you watch the daily bars as they form and keep an eye on a possible exit.
Rick