Method
- Open Buy and Sell positions anytime
- Set profit take target and cut loss level
- if Profit to Loss ratio is set higher, then evertime you win, you win more. everytime you loss you loss less.
Parameters
- Profit take target
- Cut Loss Level
Results
Result for Take Profit at $60, Cut Loss at $30. Profit to Lost ratio set at 2:1
A more Balance approach, Both Profit and Loss ratio set at 1:1 ( result )
It may look the same but actually an important difference. Profit:Lost ratio @ 2:1 lose out faster than 1:1
Reason
Profit Lost ratio works together with WIN:LOSE ratio. Setting Profit Lost ratio at 2:1 does not mean WIN:LOSE stays at 50%. As a matter of fact when you set Profit Target to twice the amount of Lost level, it becomes so much harder to achieve. As a result your WIN:LOSE ratio become much lower than 1:2, in other words you will lose out your capital FASTER!
Codes
for(i=oti ; i>=0 ; i--){
if(OrderSelect(i,SELECT_BY_POS,MODE_TRADES)==false) break;
if(OrderMagicNumber()!=MAGICMA || OrderSymbol()!=Symbol()) continue;
p = OrderProfit();
if((p < -cutLossMargin) || (p > minMargin)){
mtClose();
Print("===============>", p);
}
if(OrderType()==OP_BUY) buyOrders++ ;
if(OrderType()==OP_SELL) sellOrders++;
}
if(buyOrders==0) mtOpenBuy();
if(sellOrders==0) mtOpenSell();